Westpac Net Debt vs Retained Earnings Analysis

WBCPI Stock

100.32 0.00 0.00%

Westpac Banking financial indicator trend analysis is more than just analyzing Westpac Banking current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westpac Banking is a good investment. Please check the relationship between Westpac Banking Net Debt and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westpac Banking Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Westpac Banking's Net Debt and Retained Earnings is -0.81. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Westpac Banking, assuming nothing else is changed. The correlation between historical values of Westpac Banking's Net Debt 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 Net Debt of Westpac Banking 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 Net Debt i.e., Westpac Banking's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.81

Relationship Direction	Negative
Relationship Strength	Significant

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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.

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 Westpac Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westpac Banking 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 Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

As of November 30, 2024, Tax Provision is expected to decline to about 2.4 B. In addition to that, Selling General Administrative is expected to decline to about 5.1 B

	2021	2022	2023	2024 (projected)
Net Interest Income	17.2B	18.3B	21.1B	18.3B
Tax Provision	2.8B	3.1B	2.8B	2.4B

Net Interest Income Tax Provision

Westpac Banking fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Retained Earnings	Other Assets	Long Term Debt	Good Will	Other Stockholder Equity	Total Liab	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Earning Assets	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Net Debt	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Other Current Assets
Total Assets		-0.85	0.96	0.98	0.69	-0.39	-0.91	0.84	1.0	-0.71	0.88	0.95	0.65	0.33	0.86	0.98	-0.07	0.97	-0.85	-0.84	0.92	0.88	0.86	0.73	-0.74	0.84
Short Long Term Debt Total	-0.85		-0.85	-0.84	-0.58	0.66	0.95	-0.79	-0.85	0.69	-0.59	-0.84	-0.68	-0.1	-0.68	-0.88	0.4	-0.88	0.94	0.8	-0.88	-0.76	-0.79	-0.66	0.95	-0.82
Total Stockholder Equity	0.96	-0.85		0.94	0.81	-0.28	-0.9	0.93	0.95	-0.81	0.81	0.99	0.7	0.36	0.93	0.98	0.06	0.98	-0.85	-0.71	0.88	0.79	0.9	0.84	-0.69	0.78
Retained Earnings	0.98	-0.84	0.94		0.66	-0.36	-0.88	0.8	0.98	-0.63	0.88	0.91	0.56	0.23	0.81	0.95	-0.08	0.94	-0.81	-0.8	0.89	0.84	0.86	0.65	-0.74	0.83
Other Assets	0.69	-0.58	0.81	0.66		0.19	-0.57	0.92	0.68	-0.84	0.56	0.8	0.46	0.2	0.86	0.69	0.43	0.72	-0.58	-0.44	0.61	0.47	0.6	0.71	-0.29	0.44
Long Term Debt	-0.39	0.66	-0.28	-0.36	0.19		0.63	-0.14	-0.4	0.1	-0.16	-0.29	-0.43	0.0	-0.07	-0.43	0.79	-0.39	0.61	0.58	-0.49	-0.46	-0.4	-0.19	0.85	-0.52
Good Will	-0.91	0.95	-0.9	-0.88	-0.57	0.63		-0.83	-0.91	0.74	-0.69	-0.88	-0.67	-0.3	-0.78	-0.93	0.24	-0.92	0.92	0.85	-0.89	-0.77	-0.86	-0.75	0.89	-0.81
Other Stockholder Equity	0.84	-0.79	0.93	0.8	0.92	-0.14	-0.83		0.83	-0.93	0.64	0.92	0.62	0.28	0.94	0.86	0.22	0.88	-0.8	-0.66	0.79	0.62	0.77	0.83	-0.57	0.64
Total Liab	1.0	-0.85	0.95	0.98	0.68	-0.4	-0.91	0.83		-0.7	0.89	0.95	0.64	0.32	0.85	0.97	-0.08	0.96	-0.85	-0.85	0.92	0.88	0.86	0.72	-0.74	0.84
Treasury Stock	-0.71	0.69	-0.81	-0.63	-0.84	0.1	0.74	-0.93	-0.7		-0.48	-0.84	-0.65	-0.26	-0.91	-0.75	-0.21	-0.8	0.8	0.57	-0.76	-0.53	-0.58	-0.82	0.47	-0.62
Intangible Assets	0.88	-0.59	0.81	0.88	0.56	-0.16	-0.69	0.64	0.89	-0.48		0.79	0.53	0.48	0.7	0.81	0.09	0.78	-0.56	-0.74	0.7	0.88	0.75	0.61	-0.49	0.58
Common Stock	0.95	-0.84	0.99	0.91	0.8	-0.29	-0.88	0.92	0.95	-0.84	0.79		0.77	0.4	0.94	0.98	0.04	0.99	-0.86	-0.7	0.89	0.81	0.88	0.88	-0.68	0.79
Property Plant Equipment	0.65	-0.68	0.7	0.56	0.46	-0.43	-0.67	0.62	0.64	-0.65	0.53	0.77		0.49	0.65	0.73	-0.22	0.74	-0.74	-0.45	0.68	0.77	0.62	0.85	-0.61	0.54
Earning Assets	0.33	-0.1	0.36	0.23	0.2	0.0	-0.3	0.28	0.32	-0.26	0.48	0.4	0.49		0.33	0.37	0.24	0.31	-0.07	-0.14	0.06	0.37	0.55	0.67	-0.05	-0.01
Other Current Liab	0.86	-0.68	0.93	0.81	0.86	-0.07	-0.78	0.94	0.85	-0.91	0.7	0.94	0.65	0.33		0.87	0.32	0.91	-0.78	-0.6	0.82	0.64	0.74	0.84	-0.47	0.67
Total Current Liabilities	0.98	-0.88	0.98	0.95	0.69	-0.43	-0.93	0.86	0.97	-0.75	0.81	0.98	0.73	0.37	0.87		-0.09	0.99	-0.88	-0.75	0.91	0.84	0.92	0.82	-0.77	0.84
Other Liab	-0.07	0.4	0.06	-0.08	0.43	0.79	0.24	0.22	-0.08	-0.21	0.09	0.04	-0.22	0.24	0.32	-0.09		-0.06	0.31	0.25	-0.23	-0.29	-0.04	0.15	0.63	-0.39
Net Tangible Assets	0.97	-0.88	0.98	0.94	0.72	-0.39	-0.92	0.88	0.96	-0.8	0.78	0.99	0.74	0.31	0.91	0.99	-0.06		-0.91	-0.74	0.94	0.82	0.87	0.82	-0.75	0.86
Net Debt	-0.85	0.94	-0.85	-0.81	-0.58	0.61	0.92	-0.8	-0.85	0.8	-0.56	-0.86	-0.74	-0.07	-0.78	-0.88	0.31	-0.91		0.79	-0.96	-0.76	-0.69	-0.69	0.87	-0.88
Accounts Payable	-0.84	0.8	-0.71	-0.8	-0.44	0.58	0.85	-0.66	-0.85	0.57	-0.74	-0.7	-0.45	-0.14	-0.6	-0.75	0.25	-0.74	0.79		-0.84	-0.81	-0.6	-0.44	0.77	-0.72
Cash	0.92	-0.88	0.88	0.89	0.61	-0.49	-0.89	0.79	0.92	-0.76	0.7	0.89	0.68	0.06	0.82	0.91	-0.23	0.94	-0.96	-0.84		0.83	0.68	0.64	-0.8	0.93
Net Receivables	0.88	-0.76	0.79	0.84	0.47	-0.46	-0.77	0.62	0.88	-0.53	0.88	0.81	0.77	0.37	0.64	0.84	-0.29	0.82	-0.76	-0.81	0.83		0.69	0.63	-0.72	0.72
Common Stock Shares Outstanding	0.86	-0.79	0.9	0.86	0.6	-0.4	-0.86	0.77	0.86	-0.58	0.75	0.88	0.62	0.55	0.74	0.92	-0.04	0.87	-0.69	-0.6	0.68	0.69		0.81	-0.7	0.64
Short Term Investments	0.73	-0.66	0.84	0.65	0.71	-0.19	-0.75	0.83	0.72	-0.82	0.61	0.88	0.85	0.67	0.84	0.82	0.15	0.82	-0.69	-0.44	0.64	0.63	0.81		-0.49	0.51
Long Term Debt Total	-0.74	0.95	-0.69	-0.74	-0.29	0.85	0.89	-0.57	-0.74	0.47	-0.49	-0.68	-0.61	-0.05	-0.47	-0.77	0.63	-0.75	0.87	0.77	-0.8	-0.72	-0.7	-0.49		-0.8
Other Current Assets	0.84	-0.82	0.78	0.83	0.44	-0.52	-0.81	0.64	0.84	-0.62	0.58	0.79	0.54	-0.01	0.67	0.84	-0.39	0.86	-0.88	-0.72	0.93	0.72	0.64	0.51	-0.8

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Westpac Banking Account Relationship Matchups

Westpac Banking fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	911.9B	935.9B	1.0T	1.0T	1.2T	1.0T
Short Long Term Debt Total	162.2B	177.4B	156.5B	135.2B	121.7B	126.3B
Total Stockholder Equity	68.0B	72.0B	70.5B	72.5B	83.4B	73.2B
Retained Earnings	26.5B	28.8B	29.1B	31.4B	36.2B	30.6B
Other Assets	723.9B	729.9B	703.8B	717.5B	825.1B	656.0B
Long Term Debt	179.3B	161.9B	146.9B	167.1B	150.4B	140.6B
Good Will	8.4B	7.6B	7.4B	7.4B	6.7B	6.6B
Other Stockholder Equity	1.1B	1.3B	1.5B	2.2B	2.6B	2.7B
Total Liab	843.9B	863.8B	943.7B	957.2B	1.1T	940.0B
Treasury Stock	(493M)	(553M)	(563M)	(606M)	(545.4M)	(572.7M)
Intangible Assets	3.1B	2.5B	2.9B	3.5B	4.0B	3.2B
Common Stock	36.1B	37.5B	40.5B	41.6B	47.8B	41.1B
Property Plant Equipment	1.3B	1.2B	3.9B	2.9B	3.3B	2.3B
Earning Assets	122.5B	152.8B	166.9B	132.2B	152.0B	153.6B
Other Current Liab	7.5B	8.5B	8.3B	9.6B	11.0B	8.3B
Total Current Liabilities	661.1B	672.8B	703.8B	740.1B	851.1B	752.4B
Other Liab	19.4B	22.0B	16.2B	12.3B	11.1B	13.0B
Net Tangible Assets	52.8B	53.5B	56.5B	61.9B	71.2B	60.4B
Net Debt	149.1B	90.6B	70.4B	86.8B	78.1B	106.4B
Accounts Payable	592.4B	628.3B	2.8B	6.3B	5.7B	5.4B
Cash	30.1B	71.4B	105.7B	103.0B	118.4B	59.3B
Net Receivables	1.9B	1.3B	1.9B	2.3B	2.7B	1.7B
Common Stock Shares Outstanding	3.6B	3.7B	3.5B	3.5B	4.0B	3.9B
Short Term Investments	90.6B	82.5B	75.3B	73.9B	85.0B	81.2B
Long Term Debt Total	162.2B	177.4B	156.5B	135.2B	121.7B	125.4B
Other Current Assets	6.1B	7.1B	6.1B	9.6B	11.0B	7.9B
Net Invested Capital	247.3B	234.0B	246.6B	262.2B	236.0B	202.2B
Long Term Investments	135.4B	105.9B	94.5B	96.9B	111.4B	112.0B
Short Long Term Debt	16.5B	19.6B	29.3B	22.7B	26.1B	22.1B
Total Current Assets	78.3B	87.2B	98.5B	118.7B	136.5B	100.4B

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Other Information on Investing in Westpac Stock

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

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