George Net Debt vs Non Currrent Assets Other Analysis

WN Stock

CAD 225.05 1.41 0.63%

George Weston financial indicator trend analysis is much more than just examining George Weston Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether George Weston Limited is a good investment. Please check the relationship between George Weston Net Debt and its Non Currrent Assets Other accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in George Weston Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of George Weston Limited Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between George Weston's Net Debt and Non Currrent Assets Other is 0.52. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of George Weston Limited, assuming nothing else is changed. The correlation between historical values of George Weston's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of George Weston Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., George Weston's Net Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from George Weston's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into George Weston Limited 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 George Weston Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, George Weston's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 7.93, while Selling General Administrative is likely to drop about 11.7 B.

	2021	2022	2023	2024 (projected)
Gross Profit	17.3B	18.5B	19.6B	20.6B
Total Revenue	53.7B	57.0B	60.1B	38.3B

Gross Profit Total Revenue

George Weston fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Good Will	Intangible Assets
Total Assets		0.98	0.82	0.97	0.83	0.97	0.86	0.57	0.95	0.57	1.0	0.62	0.13	0.83	0.36	0.86	0.98	0.82	-0.61	0.98	0.56	0.96	0.68	-0.42	0.76	0.76
Short Long Term Debt Total	0.98		0.76	0.96	0.74	0.98	0.88	0.44	0.93	0.62	0.98	0.68	0.14	0.8	0.48	0.88	0.95	0.86	-0.65	1.0	0.59	0.93	0.71	-0.45	0.73	0.66
Other Current Liab	0.82	0.76		0.77	0.65	0.72	0.68	0.49	0.66	0.45	0.83	0.56	0.0	0.67	0.38	0.72	0.86	0.74	-0.55	0.8	0.49	0.77	0.47	-0.47	0.83	0.77
Total Current Liabilities	0.97	0.96	0.77		0.78	0.96	0.84	0.55	0.96	0.61	0.96	0.56	0.18	0.84	0.33	0.83	0.94	0.82	-0.65	0.96	0.59	0.95	0.77	-0.39	0.71	0.66
Total Stockholder Equity	0.83	0.74	0.65	0.78		0.77	0.65	0.86	0.8	0.43	0.8	0.42	0.31	0.76	-0.05	0.62	0.78	0.43	-0.23	0.73	0.23	0.84	0.54	-0.07	0.45	0.75
Property Plant And Equipment Net	0.97	0.98	0.72	0.96	0.77		0.87	0.51	0.95	0.67	0.95	0.62	0.28	0.83	0.44	0.87	0.92	0.82	-0.63	0.97	0.61	0.95	0.74	-0.32	0.63	0.61
Net Debt	0.86	0.88	0.68	0.84	0.65	0.87		0.39	0.84	0.48	0.87	0.52	0.03	0.93	0.57	0.99	0.85	0.85	-0.82	0.88	0.79	0.78	0.88	-0.56	0.7	0.65
Retained Earnings	0.57	0.44	0.49	0.55	0.86	0.51	0.39		0.61	0.29	0.52	-0.03	0.4	0.62	-0.4	0.34	0.55	0.16	-0.04	0.43	0.13	0.67	0.33	0.19	0.23	0.66
Accounts Payable	0.95	0.93	0.66	0.96	0.8	0.95	0.84	0.61		0.58	0.92	0.47	0.27	0.86	0.22	0.82	0.91	0.78	-0.6	0.93	0.61	0.96	0.72	-0.26	0.6	0.63
Cash	0.57	0.62	0.45	0.61	0.43	0.67	0.48	0.29	0.58		0.52	0.52	0.68	0.51	0.35	0.54	0.47	0.55	-0.51	0.61	0.54	0.68	0.49	-0.07	0.18	0.07
Non Current Assets Total	1.0	0.98	0.83	0.96	0.8	0.95	0.87	0.52	0.92	0.52		0.63	0.05	0.82	0.4	0.87	0.99	0.82	-0.62	0.98	0.54	0.92	0.68	-0.49	0.8	0.78
Non Currrent Assets Other	0.62	0.68	0.56	0.56	0.42	0.62	0.52	-0.03	0.47	0.52	0.63		0.11	0.36	0.59	0.57	0.55	0.6	-0.35	0.68	0.25	0.54	0.35	-0.35	0.43	0.24
Cash And Short Term Investments	0.13	0.14	0.0	0.18	0.31	0.28	0.03	0.4	0.27	0.68	0.05	0.11		0.2	-0.19	0.06	-0.01	0.04	0.07	0.12	0.17	0.39	0.1	0.67	-0.46	-0.26
Net Receivables	0.83	0.8	0.67	0.84	0.76	0.83	0.93	0.62	0.86	0.51	0.82	0.36	0.2		0.28	0.91	0.81	0.77	-0.74	0.8	0.78	0.83	0.86	-0.36	0.58	0.66
Common Stock Shares Outstanding	0.36	0.48	0.38	0.33	-0.05	0.44	0.57	-0.4	0.22	0.35	0.4	0.59	-0.19	0.28		0.62	0.35	0.62	-0.66	0.48	0.53	0.2	0.5	-0.63	0.5	0.1
Non Current Liabilities Total	0.86	0.88	0.72	0.83	0.62	0.87	0.99	0.34	0.82	0.54	0.87	0.57	0.06	0.91	0.62		0.85	0.88	-0.84	0.89	0.82	0.78	0.84	-0.57	0.72	0.62
Inventory	0.98	0.95	0.86	0.94	0.78	0.92	0.85	0.55	0.91	0.47	0.99	0.55	-0.01	0.81	0.35	0.85		0.82	-0.63	0.96	0.56	0.91	0.64	-0.51	0.85	0.83
Other Current Assets	0.82	0.86	0.74	0.82	0.43	0.82	0.85	0.16	0.78	0.55	0.82	0.6	0.04	0.77	0.62	0.88	0.82		-0.83	0.88	0.84	0.77	0.69	-0.54	0.72	0.5
Other Stockholder Equity	-0.61	-0.65	-0.55	-0.65	-0.23	-0.63	-0.82	-0.04	-0.6	-0.51	-0.62	-0.35	0.07	-0.74	-0.66	-0.84	-0.63	-0.83		-0.67	-0.91	-0.53	-0.8	0.69	-0.65	-0.35
Total Liab	0.98	1.0	0.8	0.96	0.73	0.97	0.88	0.43	0.93	0.61	0.98	0.68	0.12	0.8	0.48	0.89	0.96	0.88	-0.67		0.61	0.93	0.7	-0.47	0.76	0.67
Property Plant And Equipment Gross	0.56	0.59	0.49	0.59	0.23	0.61	0.79	0.13	0.61	0.54	0.54	0.25	0.17	0.78	0.53	0.82	0.56	0.84	-0.91	0.61		0.57	0.73	-0.41	0.45	0.26
Total Current Assets	0.96	0.93	0.77	0.95	0.84	0.95	0.78	0.67	0.96	0.68	0.92	0.54	0.39	0.83	0.2	0.78	0.91	0.77	-0.53	0.93	0.57		0.63	-0.19	0.58	0.64
Short Term Debt	0.68	0.71	0.47	0.77	0.54	0.74	0.88	0.33	0.72	0.49	0.68	0.35	0.1	0.86	0.5	0.84	0.64	0.69	-0.8	0.7	0.73	0.63		-0.48	0.51	0.42
Short Term Investments	-0.42	-0.45	-0.47	-0.39	-0.07	-0.32	-0.56	0.19	-0.26	-0.07	-0.49	-0.35	0.67	-0.36	-0.63	-0.57	-0.51	-0.54	0.69	-0.47	-0.41	-0.19	-0.48		-0.82	-0.49
Good Will	0.76	0.73	0.83	0.71	0.45	0.63	0.7	0.23	0.6	0.18	0.8	0.43	-0.46	0.58	0.5	0.72	0.85	0.72	-0.65	0.76	0.45	0.58	0.51	-0.82		0.81
Intangible Assets	0.76	0.66	0.77	0.66	0.75	0.61	0.65	0.66	0.63	0.07	0.78	0.24	-0.26	0.66	0.1	0.62	0.83	0.5	-0.35	0.67	0.26	0.64	0.42	-0.49	0.81

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George Weston Account Relationship Matchups

George Weston fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	47.8B	48.1B	47.1B	49.0B	49.8B	27.9B
Short Long Term Debt Total	21.2B	20.9B	19.5B	20.7B	21.3B	10.7B
Other Current Liab	973M	1.2B	1.5B	1.6B	811M	612.5M
Total Current Liabilities	10.8B	10.0B	9.8B	10.8B	12.1B	6.8B
Total Stockholder Equity	7.6B	7.8B	7.0B	6.8B	6.7B	5.9B
Property Plant And Equipment Net	15.8B	16.0B	14.8B	15.3B	16.3B	10.2B
Net Debt	19.3B	18.3B	16.5B	18.3B	18.9B	19.8B
Retained Earnings	4.8B	5.2B	4.8B	5.1B	5.4B	4.9B
Accounts Payable	5.5B	5.5B	5.2B	6.0B	6.9B	4.2B
Cash	1.8B	2.6B	3.0B	2.3B	2.5B	1.7B
Non Current Assets Total	35.1B	34.8B	32.9B	34.3B	34.8B	19.1B
Non Currrent Assets Other	6.0B	6.1B	6.2B	6.5B	737M	700.2M
Cash And Short Term Investments	2.1B	3.2B	3.9B	2.8B	2.9B	2.6B
Net Receivables	4.8B	4.3B	4.8B	5.2B	5.5B	5.8B
Common Stock Shares Outstanding	153.7M	153.5M	150.2M	144.8M	138M	146.4M
Liabilities And Stockholders Equity	47.8B	48.1B	47.1B	49.0B	49.8B	27.9B
Non Current Liabilities Total	23.9B	24.7B	24.2B	25.0B	24.2B	25.4B
Inventory	5.3B	5.4B	5.2B	5.9B	5.8B	3.3B
Other Current Assets	542M	415M	740M	755M	675M	425.2M
Other Stockholder Equity	(979M)	(1.2B)	(1.5B)	(1.9B)	(2.3B)	(2.2B)
Total Liab	34.6B	34.7B	33.9B	35.8B	36.3B	18.3B
Property Plant And Equipment Gross	15.8B	16.0B	29.2B	31.1B	33.4B	35.1B
Total Current Assets	12.7B	13.3B	14.2B	14.7B	14.9B	8.8B
Accumulated Other Comprehensive Income	239M	196M	166M	84M	197M	214.2M
Short Term Debt	4.2B	3.1B	2.8B	2.9B	4.1B	4.3B
Short Term Investments	229M	575M	879M	503M	472M	448.4M
Good Will	4.8B	4.8B	4.5B	4.9B	4.9B	3.5B
Intangible Assets	7.5B	7.0B	6.4B	6.5B	6.0B	5.1B
Common Stock Total Equity	221M	2.8B	2.8B	2.8B	3.2B	3.4B
Common Stock	2.8B	2.8B	2.7B	2.6B	2.5B	1.6B
Other Liab	6.9B	7.0B	7.4B	7.3B	8.4B	5.6B
Net Tangible Assets	(5.5B)	(4.8B)	(4.8B)	(5.4B)	(4.8B)	(5.1B)
Current Deferred Revenue	480M	24M	75M	125M	166M	139.4M
Other Assets	6.4B	6.3B	6.3B	291M	334.7M	317.9M
Long Term Debt	12.7B	13.5B	12.5B	13.4B	12.6B	13.2B
Long Term Investments	648M	718M	770M	1.0B	1.7B	1.8B
Short Long Term Debt	3.3B	2.3B	2.0B	2.1B	3.2B	2.3B
Property Plant Equipment	15.8B	16.0B	14.8B	15.3B	17.6B	14.2B
Long Term Debt Total	17.0B	17.7B	16.7B	17.7B	20.4B	15.9B
Capital Surpluse	(979M)	(1.2B)	(1.5B)	(1.9B)	(1.7B)	(1.6B)

Pair Trading with George Weston

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if George Weston position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in George Weston will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to George Weston could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace George Weston when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back George Weston - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling George Weston Limited to buy it.

The correlation of George Weston is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as George Weston moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if George Weston Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for George Weston can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in George Stock

Balance Sheet is a snapshot of the financial position of George Weston Limited at a specified time, usually calculated after every quarter, six months, or one year. George Weston Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of George Weston 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 George currently owns. An asset can also be divided into two categories, current and non-current.

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George Net Debt vs Non Currrent Assets Other Analysis

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Debt

Non Currrent Assets Other

George Weston fundamental ratios Correlations

George Weston Account Relationship Matchups

High Positive Relationship

High Negative Relationship

George Weston fundamental ratios Accounts

Pair Trading with George Weston

Other Information on Investing in George Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Net Debt
Inventory	+ 0.99	Non Current Assets Total
Short Long Term Debt Total	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets

Property Plant And Equipment Gross	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.84	Non Current Liabilities Total
Other Stockholder Equity	- 0.83	Other Current Assets
Good Will	- 0.82	Short Term Investments
Other Stockholder Equity	- 0.82	Net Debt
Short Term Debt	- 0.8	Other Stockholder Equity