WELL Change In Cash vs Change In Working Capital Analysis
| WELL Stock | CAD 5.98 0.14 2.40% |
WELL Health financial indicator trend analysis is more than just analyzing WELL Health Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WELL Health Technologies is a good investment. Please check the relationship between WELL Health Change In Cash and its Change In Working Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WELL Health Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Change In Cash vs Change In Working Capital
Change In Cash vs Change In Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WELL Health Technologies Change In Cash account and Change In Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between WELL Health's Change In Cash and Change In Working Capital is 0.37. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of WELL Health Technologies, assuming nothing else is changed. The correlation between historical values of WELL Health's Change In Cash and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of WELL Health Technologies are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Change In Cash i.e., WELL Health's Change In Cash and Change In Working Capital go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Change In Cash
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Most indicators from WELL Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WELL Health Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WELL Health Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, WELL Health's Selling General Administrative is very stable compared to the past year. As of the 27th of February 2025, Tax Provision is likely to grow to about 3.5 M, while Discontinued Operations is likely to drop (257.1 K).
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 303.3M | 311.5M | 358.2M | 376.1M | Total Revenue | 569.1M | 776.1M | 892.5M | 937.1M |
WELL Health fundamental ratios Correlations
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WELL Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WELL Health fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 262.7M | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | |
| Other Current Liab | 10.1M | 12.7M | 35.7M | 37.5M | 43.1M | 45.2M | |
| Total Current Liabilities | 22.6M | 137.3M | 136.5M | 153.0M | 175.9M | 184.7M | |
| Total Stockholder Equity | 217.4M | 618.2M | 732.3M | 767.7M | 882.8M | 927.0M | |
| Net Debt | (63.3M) | 340.0M | 309.5M | 382.9M | 440.3M | 462.3M | |
| Retained Earnings | (20.8M) | (64.6M) | (63.7M) | (63.6M) | (57.2M) | (54.4M) | |
| Cash | 86.9M | 61.9M | 48.9M | 43.4M | 49.9M | 52.4M | |
| Cash And Short Term Investments | 86.9M | 61.9M | 48.9M | 43.4M | 49.9M | 52.4M | |
| Liabilities And Stockholders Equity | 262.7M | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | |
| Other Current Assets | 1.5M | 3.7M | 520K | 21.6M | 24.8M | 26.1M | |
| Other Stockholder Equity | 6.4M | 44.0M | 51.8M | 54.0M | 62.2M | 65.3M | |
| Total Liab | 43.8M | 554.4M | 503.8M | 563.2M | 647.6M | 680.0M | |
| Total Current Assets | 103.4M | 142.9M | 150.9M | 176.4M | 202.9M | 213.0M | |
| Net Receivables | 8.9M | 71.8M | 95.8M | 110.2M | 126.7M | 133.1M | |
| Common Stock Shares Outstanding | 133.9M | 190.9M | 220.7M | 236.5M | 272.0M | 285.6M | |
| Accumulated Other Comprehensive Income | (68.7K) | 5.4M | 39.1M | 25.7M | 29.5M | 31.0M | |
| Common Stock | 231.9M | 633.5M | 705.2M | 751.6M | 864.3M | 907.5M | |
| Short Long Term Debt Total | 23.6M | 401.9M | 358.4M | 426.3M | 490.2M | 514.7M | |
| Property Plant And Equipment Net | 20.9M | 88.6M | 82.5M | 102.5M | 117.9M | 123.8M | |
| Current Deferred Revenue | 2.9M | 4.2M | 6.8M | 6.6M | 7.6M | 8.0M | |
| Accounts Payable | 6.3M | 63.0M | 50.7M | 47.9M | 55.1M | 57.8M | |
| Non Current Assets Total | 159.4M | 1.1B | 1.2B | 1.2B | 1.4B | 1.5B | |
| Non Currrent Assets Other | 246.5K | 644K | 5.1M | 4.4M | 5.1M | 5.3M | |
| Non Current Liabilities Total | 21.1M | 417.1M | 367.3M | 410.2M | 471.7M | 495.3M | |
| Capital Surpluse | 3.7M | 6.4M | 44.0M | 51.8M | 59.5M | 62.5M | |
| Inventory | 1.3M | 793K | 1.4M | 1.2M | 1.4M | 1.4M | |
| Short Term Debt | 3.4M | 57.4M | 43.3M | 61.0M | 70.1M | 73.6M | |
| Good Will | 110.1M | 611.7M | 499.3M | 508.1M | 584.3M | 613.5M | |
| Long Term Debt Total | 17.7M | 20.2M | 344.6M | 315.2M | 362.4M | 380.6M | |
| Long Term Investments | 5.3M | 10.8M | 10.0M | 60.9M | 70.0M | 73.5M | |
| Cash And Equivalents | 15.6M | 86.9M | 61.9M | 48.9M | 56.2M | 33.9M | |
| Net Tangible Assets | 7.1M | 86.0M | (399.0M) | (338.2M) | (304.4M) | (289.2M) | |
| Long Term Debt | 947.9K | 290.6M | 263M | 298.9M | 343.8M | 360.9M | |
| Net Invested Capital | 219.1M | 959.0M | 1.0B | 1.1B | 1.3B | 1.3B | |
| Non Current Liabilities Other | 920.4K | 76K | 744K | 3.6M | 4.1M | 4.3M | |
| Net Working Capital | 80.7M | 5.6M | 14.4M | 23.4M | 27.0M | 24.6M | |
| Other Liab | 478.5K | 920.4K | 72.5M | 52.1M | 59.9M | 62.9M | |
| Other Assets | 2.0M | 1.8M | 2.9M | 3.2M | 3.7M | 2.2M | |
| Property Plant Equipment | 12.5M | 20.9M | 88.6M | 82.5M | 94.9M | 99.7M |
Other Information on Investing in WELL Stock
Balance Sheet is a snapshot of the financial position of WELL Health Technologies at a specified time, usually calculated after every quarter, six months, or one year. WELL Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WELL Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which WELL currently owns. An asset can also be divided into two categories, current and non-current.