Winpak Total Liab vs Retained Earnings Analysis

WPK Stock

CAD 42.57 0.15 0.35%

Winpak financial indicator trend analysis is more than just analyzing Winpak current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Winpak is a good investment. Please check the relationship between Winpak Total Liab and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winpak. 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.

Total Liab vs Retained Earnings

Total Liab vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Winpak Total Liab account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Winpak's Total Liab and Retained Earnings is 0.73. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Winpak, assuming nothing else is changed. The correlation between historical values of Winpak's Total Liab and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Winpak are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Liab i.e., Winpak's Total Liab and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Winpak's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Winpak 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 Winpak. 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, Winpak's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 18th of February 2025, Enterprise Value Over EBITDA is likely to grow to 5.95, while Selling General Administrative is likely to drop about 33 M.

	2022	2023	2024	2025 (projected)
Interest Income	5.5M	24.4M	28.1M	29.5M
Tax Provision	45.9M	52.2M	60.0M	47.4M

Interest Income Tax Provision

Winpak fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	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	Intangible Assets	Other Assets	Cash	Cash And Short Term Investments
Total Assets		-0.27	0.81	0.7	1.0	0.97	-0.76	-0.93	1.0	0.75	0.97	0.37	0.98	0.58	0.83	0.94	0.87	0.49	0.78	0.93	0.99	-0.47	0.85	0.67	0.96	0.96
Short Long Term Debt Total	-0.27		-0.65	-0.63	-0.23	-0.46	-0.14	0.08	-0.19	-0.61	-0.46	0.2	-0.31	0.08	-0.54	-0.21	-0.13	-0.88	-0.6	-0.06	-0.16	0.77	-0.35	-0.58	-0.07	-0.07
Other Current Liab	0.81	-0.65		0.81	0.78	0.87	-0.34	-0.58	0.76	0.8	0.86	0.13	0.86	0.49	0.78	0.79	0.78	0.76	0.81	0.73	0.76	-0.68	0.67	0.67	0.66	0.66
Total Current Liabilities	0.7	-0.63	0.81		0.66	0.77	-0.33	-0.55	0.64	0.97	0.78	0.11	0.75	0.17	0.92	0.75	0.53	0.75	0.98	0.62	0.64	-0.69	0.75	0.83	0.51	0.51
Total Stockholder Equity	1.0	-0.23	0.78	0.66		0.96	-0.78	-0.94	1.0	0.71	0.96	0.39	0.97	0.6	0.8	0.93	0.87	0.44	0.74	0.93	1.0	-0.43	0.84	0.63	0.98	0.98
Property Plant And Equipment Net	0.97	-0.46	0.87	0.77	0.96		-0.68	-0.87	0.95	0.82	1.0	0.35	0.96	0.49	0.89	0.89	0.8	0.62	0.85	0.85	0.94	-0.62	0.86	0.72	0.89	0.89
Current Deferred Revenue	-0.76	-0.14	-0.34	-0.33	-0.78	-0.68		0.87	-0.79	-0.39	-0.68	-0.54	-0.68	-0.38	-0.53	-0.67	-0.54	-0.05	-0.44	-0.68	-0.78	0.19	-0.58	-0.27	-0.84	-0.84
Net Debt	-0.93	0.08	-0.58	-0.55	-0.94	-0.87	0.87		-0.94	-0.6	-0.87	-0.45	-0.86	-0.43	-0.75	-0.82	-0.73	-0.32	-0.67	-0.82	-0.93	0.32	-0.84	-0.55	-0.96	-0.96
Retained Earnings	1.0	-0.19	0.76	0.64	1.0	0.95	-0.79	-0.94		0.69	0.95	0.4	0.97	0.61	0.78	0.93	0.87	0.42	0.73	0.93	1.0	-0.41	0.83	0.62	0.98	0.98
Accounts Payable	0.75	-0.61	0.8	0.97	0.71	0.82	-0.39	-0.6	0.69		0.83	0.13	0.8	0.2	0.95	0.79	0.59	0.75	0.98	0.69	0.69	-0.69	0.79	0.88	0.57	0.57
Non Current Assets Total	0.97	-0.46	0.86	0.78	0.96	1.0	-0.68	-0.87	0.95	0.83		0.35	0.96	0.49	0.9	0.89	0.8	0.62	0.85	0.85	0.94	-0.62	0.88	0.74	0.89	0.89
Non Currrent Assets Other	0.37	0.2	0.13	0.11	0.39	0.35	-0.54	-0.45	0.4	0.13	0.35		0.34	0.15	0.23	0.3	0.19	-0.28	0.17	0.33	0.38	0.0	0.23	-0.1	0.41	0.41
Net Receivables	0.98	-0.31	0.86	0.75	0.97	0.96	-0.68	-0.86	0.97	0.8	0.96	0.34		0.59	0.83	0.97	0.91	0.52	0.81	0.96	0.97	-0.49	0.82	0.7	0.91	0.91
Common Stock Shares Outstanding	0.58	0.08	0.49	0.17	0.6	0.49	-0.38	-0.43	0.61	0.2	0.49	0.15	0.59		0.24	0.54	0.74	0.06	0.21	0.65	0.62	-0.01	0.29	0.23	0.63	0.63
Non Current Liabilities Total	0.83	-0.54	0.78	0.92	0.8	0.89	-0.53	-0.75	0.78	0.95	0.9	0.23	0.83	0.24		0.78	0.62	0.72	0.98	0.7	0.77	-0.71	0.89	0.84	0.7	0.7
Inventory	0.94	-0.21	0.79	0.75	0.93	0.89	-0.67	-0.82	0.93	0.79	0.89	0.3	0.97	0.54	0.78		0.85	0.45	0.78	0.96	0.95	-0.41	0.78	0.66	0.86	0.86
Other Current Assets	0.87	-0.13	0.78	0.53	0.87	0.8	-0.54	-0.73	0.87	0.59	0.8	0.19	0.91	0.74	0.62	0.85		0.37	0.59	0.93	0.89	-0.3	0.63	0.55	0.85	0.85
Other Stockholder Equity	0.49	-0.88	0.76	0.75	0.44	0.62	-0.05	-0.32	0.42	0.75	0.62	-0.28	0.52	0.06	0.72	0.45	0.37		0.75	0.32	0.41	-0.79	0.59	0.75	0.31	0.31
Total Liab	0.78	-0.6	0.81	0.98	0.74	0.85	-0.44	-0.67	0.73	0.98	0.85	0.17	0.81	0.21	0.98	0.78	0.59	0.75		0.68	0.72	-0.71	0.84	0.86	0.62	0.62
Property Plant And Equipment Gross	0.93	-0.06	0.73	0.62	0.93	0.85	-0.68	-0.82	0.93	0.69	0.85	0.33	0.96	0.65	0.7	0.96	0.93	0.32	0.68		0.95	-0.29	0.72	0.61	0.89	0.89
Total Current Assets	0.99	-0.16	0.76	0.64	1.0	0.94	-0.78	-0.93	1.0	0.69	0.94	0.38	0.97	0.62	0.77	0.95	0.89	0.41	0.72	0.95		-0.38	0.82	0.61	0.98	0.98
Short Term Debt	-0.47	0.77	-0.68	-0.69	-0.43	-0.62	0.19	0.32	-0.41	-0.69	-0.62	0.0	-0.49	-0.01	-0.71	-0.41	-0.3	-0.79	-0.71	-0.29	-0.38		-0.61	-0.65	-0.3	-0.3
Intangible Assets	0.85	-0.35	0.67	0.75	0.84	0.86	-0.58	-0.84	0.83	0.79	0.88	0.23	0.82	0.29	0.89	0.78	0.63	0.59	0.84	0.72	0.82	-0.61		0.82	0.79	0.79
Other Assets	0.67	-0.58	0.67	0.83	0.63	0.72	-0.27	-0.55	0.62	0.88	0.74	-0.1	0.7	0.23	0.84	0.66	0.55	0.75	0.86	0.61	0.61	-0.65	0.82		0.52	0.52
Cash	0.96	-0.07	0.66	0.51	0.98	0.89	-0.84	-0.96	0.98	0.57	0.89	0.41	0.91	0.63	0.7	0.86	0.85	0.31	0.62	0.89	0.98	-0.3	0.79	0.52		1.0
Cash And Short Term Investments	0.96	-0.07	0.66	0.51	0.98	0.89	-0.84	-0.96	0.98	0.57	0.89	0.41	0.91	0.63	0.7	0.86	0.85	0.31	0.62	0.89	0.98	-0.3	0.79	0.52	1.0

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Winpak Account Relationship Matchups

Winpak fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.3B	1.3B	1.5B	1.6B	1.8B	1.9B
Short Long Term Debt Total	14.3M	13.5M	12.5M	13.8M	12.5M	11.8M
Other Current Liab	26.9M	27.3M	37.1M	38.4M	44.2M	46.4M
Total Current Liabilities	68.0M	97.0M	124.7M	93.9M	108.0M	55.2M
Total Stockholder Equity	1.1B	1.1B	1.2B	1.4B	1.6B	1.6B
Property Plant And Equipment Net	507.5M	515.2M	518.6M	543.4M	624.9M	656.1M
Current Deferred Revenue	1.8M	3.5M	2.6M	1.5M	1.7M	1.8M
Net Debt	(481.1M)	(364.0M)	(386.1M)	(528.0M)	(475.2M)	(451.5M)
Retained Earnings	1.1B	1.1B	1.2B	1.3B	1.5B	1.6B
Accounts Payable	36.5M	63.8M	65.3M	48.9M	56.3M	35.8M
Non Current Assets Total	551.5M	563.3M	562.5M	587.4M	675.5M	709.3M
Non Currrent Assets Other	8.1M	13.5M	10.8M	12.2M	11.0M	11.5M
Net Receivables	145.9M	187.2M	207.6M	211.9M	243.7M	255.9M
Liabilities And Stockholders Equity	1.3B	1.3B	1.5B	1.6B	1.8B	1.9B
Non Current Liabilities Total	97.6M	108.9M	99.0M	93.9M	108.0M	64.4M
Inventory	135.6M	187.1M	288.1M	219.8M	252.7M	265.4M
Other Current Assets	4.3M	6.7M	5.6M	10.5M	12.1M	12.7M
Other Stockholder Equity	834K	(524K)	(972K)	(1.0)	(1.15)	(1.09)
Total Liab	165.6M	206.0M	223.7M	187.8M	216.0M	119.6M
Property Plant And Equipment Gross	507.5M	1.0B	1.1B	1.1B	1.3B	1.4B
Total Current Assets	781.2M	758.4M	900.0M	984.0M	1.1B	1.2B
Accumulated Other Comprehensive Income	834K	(524K)	(972K)	1.4M	1.2M	1.2M
Short Term Debt	1.3M	1.3M	1.3M	2.0M	1.8M	1.7M
Intangible Assets	17.5M	16.0M	14.7M	13.4M	15.4M	10.6M
Other Assets	11.8M	8.1M	13.5M	10.8M	12.4M	8.5M
Cash	495.3M	377.5M	398.7M	541.9M	623.2M	654.3M
Cash And Short Term Investments	495.3M	377.5M	398.7M	541.9M	623.2M	654.3M
Other Liab	70.8M	84.6M	96.7M	87.8M	100.9M	79.4M
Net Tangible Assets	997.5M	1.1B	1.0B	1.2B	1.3B	927.4M
Property Plant Equipment	489.3M	507.5M	515.2M	518.6M	596.4M	480.0M
Long Term Debt Total	4.3M	13.0M	12.2M	11.2M	12.9M	13.5M
Cash And Equivalents	377.4M	480.7M	358.7M	363.2M	417.7M	370.9M
Net Invested Capital	1.1B	1.1B	1.2B	1.4B	1.6B	1.2B
Net Working Capital	713.1M	661.4M	775.3M	890.1M	1.0B	730.3M
Capital Lease Obligations	14.3M	13.5M	12.5M	13.8M	15.9M	13.0M

Pair Trading with Winpak

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 Winpak 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 Winpak will appreciate offsetting losses from the drop in the long position's value.

Moving together with Winpak Stock

0.88	IE	Ivanhoe Energy	Pair Corr
0.65	FDY	Faraday Copper Corp	Pair Corr

Moving against Winpak Stock

0.9	SEC	Senvest Capital	Pair Corr
0.79	FDR	Flinders Resources	Pair Corr
0.78	ELF-PH	E L Financial	Pair Corr
0.75	FFH-PM	Fairfax Financial	Pair Corr
0.74	OIII	O3 Mining	Pair Corr

The ability to find closely correlated positions to Winpak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winpak 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 Winpak - 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 Winpak to buy it.

The correlation of Winpak 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 Winpak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winpak 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 Winpak 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 Winpak Stock

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

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Winpak Total Liab vs Retained Earnings Analysis

Total Liab vs Retained Earnings

Total Liab vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Liab

Retained Earnings

Winpak fundamental ratios Correlations

Winpak Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Winpak fundamental ratios Accounts

Pair Trading with Winpak

Moving together with Winpak Stock

Moving against Winpak Stock

Other Information on Investing in Winpak Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Retained Earnings

Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Retained Earnings	- 0.94	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Total Current Assets	- 0.93	Net Debt
Net Debt	- 0.93	Total Assets