WELL Historical Balance Sheet
| WELL Stock | CAD 5.55 0.11 2.02% |
Trend analysis of WELL Health Technologies balance sheet accounts such as Total Assets of 1.5 B, Other Current Liab of 39.3 M, Total Current Liabilities of 160.6 M or Total Stockholder Equity of 806 M provides information on WELL Health's total assets, liabilities, and equity, which is the actual value of WELL Health Technologies to its prevalent stockholders. By breaking down trends over time using WELL Health balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining WELL Health Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether WELL Health Technologies is a good buy for the upcoming year.
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About WELL Balance Sheet Analysis
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.
WELL Health Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of WELL Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in WELL Health Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on WELL Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of WELL Health Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of WELL Health Technologies balance sheet. This account contains WELL Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by WELL Health Technologies fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from WELL Health's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Other Current Assets are very stable compared to the past year. As of the 29th of November 2024, Other Stockholder Equity is likely to grow to about 56.8 M, though Retained Earnings are likely to grow to (60.4 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 12.7M | 35.7M | 37.5M | 39.3M | Total Assets | 1.3B | 1.3B | 1.4B | 1.5B |
WELL Health balance sheet Correlations
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WELL Health Account Relationship Matchups
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WELL Health balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 58.5M | 262.7M | 1.3B | 1.3B | 1.4B | 1.5B | |
| Other Current Liab | 1.0M | 10.1M | 12.7M | 35.7M | 37.5M | 39.3M | |
| Total Current Liabilities | 8.4M | 22.6M | 137.3M | 136.5M | 153.0M | 160.6M | |
| Total Stockholder Equity | 32.0M | 217.4M | 618.2M | 732.3M | 767.7M | 806.0M | |
| Net Debt | 3.5M | (63.3M) | 340.0M | 309.5M | 382.9M | 402.0M | |
| Retained Earnings | (17.1M) | (20.8M) | (64.6M) | (63.7M) | (63.6M) | (60.4M) | |
| Cash | 15.6M | 86.9M | 61.9M | 48.9M | 43.4M | 22.1M | |
| Cash And Short Term Investments | 15.6M | 86.9M | 61.9M | 48.9M | 43.4M | 22.1M | |
| Liabilities And Stockholders Equity | 58.5M | 262.7M | 1.3B | 1.3B | 1.4B | 1.5B | |
| Other Current Assets | 704.7K | 1.5M | 3.7M | 520K | 21.6M | 22.7M | |
| Other Stockholder Equity | 3.7M | 6.4M | 44.0M | 51.8M | 54.0M | 56.8M | |
| Total Liab | 26.5M | 43.8M | 554.4M | 503.8M | 563.2M | 591.3M | |
| Total Current Assets | 18.9M | 103.4M | 142.9M | 150.9M | 176.4M | 185.2M | |
| Net Receivables | 2.5M | 8.9M | 71.8M | 95.8M | 110.2M | 115.7M | |
| Common Stock Shares Outstanding | 96.9M | 133.9M | 190.9M | 220.7M | 236.5M | 248.4M | |
| Common Stock | 45.4M | 231.9M | 633.5M | 705.2M | 751.6M | 789.1M | |
| Property Plant And Equipment Net | 12.5M | 20.9M | 88.6M | 82.5M | 102.5M | 107.7M | |
| Accounts Payable | 5.4M | 6.3M | 63.0M | 50.7M | 47.9M | 50.3M | |
| Non Current Assets Total | 39.6M | 159.4M | 1.1B | 1.2B | 1.2B | 1.3B | |
| Non Currrent Assets Other | 221.8K | 246.5K | 644K | 5.1M | 4.4M | 4.6M | |
| Non Current Liabilities Total | 18.1M | 21.1M | 417.1M | 367.3M | 410.2M | 430.7M | |
| Capital Surpluse | 3.7M | 6.4M | 44.0M | 51.8M | 59.5M | 62.5M | |
| Inventory | 61.5K | 1.3M | 793K | 1.4M | 1.2M | 595.1K | |
| Short Term Debt | 1.5M | 3.4M | 57.4M | 43.3M | 61.0M | 64.0M | |
| Good Will | 13.6M | 110.1M | 611.7M | 499.3M | 508.1M | 533.5M | |
| Long Term Debt Total | 17.7M | 20.2M | 344.6M | 315.2M | 362.4M | 380.6M | |
| 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 | 4.7M | 947.9K | 290.6M | 263M | 298.9M | 313.9M | |
| 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 |
Pair Trading with WELL Health
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 WELL Health 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 WELL Health will appreciate offsetting losses from the drop in the long position's value.Moving together with WELL Stock
The ability to find closely correlated positions to WELL Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WELL Health 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 WELL Health - 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 WELL Health Technologies to buy it.
The correlation of WELL Health 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 WELL Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WELL Health Technologies 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 WELL Health 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.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.