Westpac Total Current Assets vs Long Term Debt Analysis

WBCPJ Stock

104.34 0.26 0.25%

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 Total Current Assets and its Long Term Debt 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 inflation.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westpac Banking Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westpac Banking's Total Current Assets and Long Term Debt is -0.21. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt 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 Total Current Assets and Long Term Debt 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 Current Assets of Westpac Banking are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Westpac Banking's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that Westpac Banking has held for over one year. Long-term debt appears on Westpac Banking balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Westpac Banking balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 inflation.

As of November 27, 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 6.2 B

	2021	2022	2023	2024 (projected)
Net Interest Income	16.9B	17.2B	18.3B	18.3B
Tax Provision	3.0B	2.8B	3.1B	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	0.94	0.92	-0.05	-0.31	-0.91	0.26	1.0	-0.85	0.75	0.94	0.63	0.4	0.86	0.92	0.46	0.93	-0.88	-0.88	0.91	0.72	0.73	0.73	-0.7	-0.91
Short Long Term Debt Total	-0.85		-0.81	-0.88	0.3	0.62	0.92	0.04	-0.85	0.67	-0.49	-0.83	-0.66	-0.17	-0.57	-0.84	-0.07	-0.82	0.93	0.93	-0.88	-0.77	-0.66	-0.57	0.94	0.86
Total Stockholder Equity	0.94	-0.81		0.93	0.13	-0.26	-0.87	0.45	0.93	-0.94	0.65	0.94	0.66	0.4	0.93	0.88	0.53	0.92	-0.83	-0.82	0.82	0.5	0.83	0.85	-0.59	-0.93
Retained Earnings	0.92	-0.88	0.93		-0.1	-0.39	-0.89	0.19	0.91	-0.8	0.6	0.9	0.53	0.23	0.82	0.89	0.48	0.9	-0.86	-0.91	0.86	0.63	0.75	0.65	-0.73	-0.9
Other Assets	-0.05	0.3	0.13	-0.1		0.8	0.32	0.94	-0.07	-0.2	0.19	0.04	-0.1	0.13	0.31	-0.06	0.52	0.01	0.33	0.4	-0.27	-0.43	0.02	0.19	0.58	0.0
Long Term Debt	-0.31	0.62	-0.26	-0.39	0.8		0.64	0.64	-0.31	0.22	0.17	-0.21	-0.4	0.12	0.04	-0.24	0.44	-0.2	0.64	0.65	-0.47	-0.37	-0.41	-0.22	0.79	0.38
Good Will	-0.91	0.92	-0.87	-0.89	0.32	0.64		0.01	-0.91	0.77	-0.56	-0.81	-0.63	-0.34	-0.67	-0.82	-0.26	-0.82	0.91	0.94	-0.85	-0.66	-0.84	-0.7	0.85	0.88
Other Stockholder Equity	0.26	0.04	0.45	0.19	0.94	0.64	0.01		0.24	-0.5	0.41	0.35	0.19	0.33	0.61	0.24	0.63	0.32	0.03	0.11	0.02	-0.25	0.3	0.5	0.36	-0.31
Total Liab	1.0	-0.85	0.93	0.91	-0.07	-0.31	-0.91	0.24		-0.84	0.76	0.93	0.63	0.4	0.84	0.92	0.45	0.93	-0.88	-0.88	0.91	0.74	0.71	0.71	-0.7	-0.9
Treasury Stock	-0.85	0.67	-0.94	-0.8	-0.2	0.22	0.77	-0.5	-0.84		-0.48	-0.84	-0.63	-0.36	-0.89	-0.71	-0.47	-0.77	0.78	0.75	-0.76	-0.33	-0.77	-0.88	0.43	0.8
Intangible Assets	0.75	-0.49	0.65	0.6	0.19	0.17	-0.56	0.41	0.76	-0.48		0.75	0.48	0.7	0.72	0.83	0.58	0.82	-0.42	-0.41	0.53	0.61	0.48	0.54	-0.35	-0.68
Common Stock	0.94	-0.83	0.94	0.9	0.04	-0.21	-0.81	0.35	0.93	-0.84	0.75		0.76	0.46	0.89	0.97	0.39	0.99	-0.84	-0.81	0.88	0.69	0.66	0.78	-0.66	-0.91
Property Plant Equipment	0.63	-0.66	0.66	0.53	-0.1	-0.4	-0.63	0.19	0.63	-0.63	0.48	0.76		0.56	0.59	0.72	-0.12	0.73	-0.72	-0.55	0.66	0.46	0.53	0.8	-0.59	-0.76
Earning Assets	0.4	-0.17	0.4	0.23	0.13	0.12	-0.34	0.33	0.4	-0.36	0.7	0.46	0.56		0.46	0.53	0.28	0.52	-0.14	-0.11	0.14	0.15	0.51	0.68	-0.1	-0.38
Other Current Liab	0.86	-0.57	0.93	0.82	0.31	0.04	-0.67	0.61	0.84	-0.89	0.72	0.89	0.59	0.46		0.82	0.69	0.88	-0.66	-0.63	0.72	0.38	0.67	0.81	-0.32	-0.84
Total Current Liabilities	0.92	-0.84	0.88	0.89	-0.06	-0.24	-0.82	0.24	0.92	-0.71	0.83	0.97	0.72	0.53	0.82		0.39	0.99	-0.8	-0.79	0.84	0.76	0.65	0.7	-0.71	-0.9
Other Liab	0.46	-0.07	0.53	0.48	0.52	0.44	-0.26	0.63	0.45	-0.47	0.58	0.39	-0.12	0.28	0.69	0.39		0.44	-0.07	-0.18	0.17	-0.01	0.46	0.35	0.17	-0.38
Net Tangible Assets	0.93	-0.82	0.92	0.9	0.01	-0.2	-0.82	0.32	0.93	-0.77	0.82	0.99	0.73	0.52	0.88	0.99	0.44		-0.81	-0.78	0.85	0.7	0.67	0.75	-0.66	-0.92
Net Debt	-0.88	0.93	-0.83	-0.86	0.33	0.64	0.91	0.03	-0.88	0.78	-0.42	-0.84	-0.72	-0.14	-0.66	-0.8	-0.07	-0.81		0.96	-0.96	-0.72	-0.62	-0.64	0.86	0.86
Accounts Payable	-0.88	0.93	-0.82	-0.91	0.4	0.65	0.94	0.11	-0.88	0.75	-0.41	-0.81	-0.55	-0.11	-0.63	-0.79	-0.18	-0.78	0.96		-0.93	-0.73	-0.67	-0.57	0.87	0.8
Cash	0.91	-0.88	0.82	0.86	-0.27	-0.47	-0.85	0.02	0.91	-0.76	0.53	0.88	0.66	0.14	0.72	0.84	0.17	0.85	-0.96	-0.93		0.82	0.5	0.57	-0.79	-0.82
Net Receivables	0.72	-0.77	0.5	0.63	-0.43	-0.37	-0.66	-0.25	0.74	-0.33	0.61	0.69	0.46	0.15	0.38	0.76	-0.01	0.7	-0.72	-0.73	0.82		0.19	0.19	-0.8	-0.57
Common Stock Shares Outstanding	0.73	-0.66	0.83	0.75	0.02	-0.41	-0.84	0.3	0.71	-0.77	0.48	0.66	0.53	0.51	0.67	0.65	0.46	0.67	-0.62	-0.67	0.5	0.19		0.84	-0.52	-0.79
Short Term Investments	0.73	-0.57	0.85	0.65	0.19	-0.22	-0.7	0.5	0.71	-0.88	0.54	0.78	0.8	0.68	0.81	0.7	0.35	0.75	-0.64	-0.57	0.57	0.19	0.84		-0.38	-0.79
Long Term Debt Total	-0.7	0.94	-0.59	-0.73	0.58	0.79	0.85	0.36	-0.7	0.43	-0.35	-0.66	-0.59	-0.1	-0.32	-0.71	0.17	-0.66	0.86	0.87	-0.79	-0.8	-0.52	-0.38		0.71
Other Current Assets	-0.91	0.86	-0.93	-0.9	0.0	0.38	0.88	-0.31	-0.9	0.8	-0.68	-0.91	-0.76	-0.38	-0.84	-0.9	-0.38	-0.92	0.86	0.8	-0.82	-0.57	-0.79	-0.79	0.71

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Westpac Banking Account Relationship Matchups

Westpac Banking fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	906.6B	911.9B	935.9B	1.0T	1.0T	1.0T
Short Long Term Debt Total	162.2B	177.4B	156.5B	135.2B	121.7B	126.3B
Total Stockholder Equity	65.5B	68.0B	72.0B	70.5B	72.5B	73.2B
Retained Earnings	27.2B	26.5B	30.6B	29.1B	31.4B	30.9B
Other Assets	723.9B	729.9B	703.8B	6.6B	7.6B	7.2B
Long Term Debt	213.2B	179.3B	135.2B	146.9B	167.1B	137.9B
Good Will	8.9B	8.4B	7.6B	7.4B	7.4B	6.6B
Other Stockholder Equity	1.1B	1.3B	1.5B	(45M)	(51.8M)	(49.2M)
Total Liab	841.1B	843.9B	863.8B	943.7B	957.2B	940.0B
Treasury Stock	(493M)	(553M)	(563M)	(606M)	(545.4M)	(572.7M)
Intangible Assets	3.1B	3.1B	2.5B	2.9B	3.5B	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
Net Debt	193.1B	149.1B	90.6B	70.4B	86.8B	106.4B
Accounts Payable	564.4B	592.4B	2.3B	2.8B	6.3B	6.0B
Cash	20.1B	30.1B	71.4B	105.7B	103.0B	59.3B
Net Receivables	1.2B	1.2B	1.3B	1.9B	2.3B	1.6B
Common Stock Shares Outstanding	3.5B	3.6B	3.7B	3.5B	3.5B	3.9B
Short Term Investments	72.6B	90.6B	82.5B	75.3B	73.9B	81.2B
Long Term Debt Total	162.2B	177.4B	156.5B	135.2B	121.7B	125.4B
Net Invested Capital	278.6B	247.3B	234.0B	246.6B	262.2B	202.2B
Long Term Investments	101.0B	115.0B	105.9B	94.5B	96.9B	106.4B
Short Long Term Debt	25.8B	16.5B	19.6B	29.3B	22.7B	22.1B
Capital Stock	37.5B	40.5B	41.6B	39.7B	39.8B	43.1B

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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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