Westbond Capital Expenditures vs Free Cash Flow Analysis

WBE Stock

CAD 0.20 0.01 4.76%

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

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westbond Enterprises Corp Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Westbond Enterprises' Capital Expenditures and Free Cash Flow is -0.67. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Westbond Enterprises Corp, assuming nothing else is changed. The correlation between historical values of Westbond Enterprises' Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Westbond Enterprises Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Westbond Enterprises' Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

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Capital Expenditures

Capital Expenditures are funds used by Westbond Enterprises Corp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Westbond Enterprises operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Westbond Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westbond Enterprises Corp 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 Westbond Enterprises Corp. 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, Westbond Enterprises' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to climb to about 33.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 837.8 K in 2024.

	2021	2023	2024 (projected)
Total Revenue	11.4M	9.2M	7.3M
Depreciation And Amortization	1.2M	1.3M	1.3M

Total Revenue Depreciation And Amortization

Westbond Enterprises 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Non Currrent Assets Other	Current Deferred Revenue	Other Liab	Net Tangible Assets
Total Assets		0.77	-0.05	0.91	0.92	0.98	0.63	0.69	0.46	0.19	0.99	0.16	0.7	0.93	0.92	0.58	0.56	-0.59	0.94	0.77	0.77	-0.63	-0.66	0.09	0.71	0.6
Short Long Term Debt Total	0.77		-0.2	0.75	0.48	0.84	0.95	0.2	0.65	-0.01	0.84	-0.01	0.59	0.79	0.95	0.14	0.07	-0.55	0.93	0.32	0.69	-0.41	-0.48	-0.09	0.22	0.08
Other Current Liab	-0.05	-0.2		0.06	0.06	-0.08	-0.14	0.16	-0.2	0.05	-0.08	0.08	-0.1	-0.28	-0.18	0.05	0.14	0.07	-0.13	0.11	0.1	-0.18	-0.17	-0.27	0.03	0.09
Total Current Liabilities	0.91	0.75	0.06		0.77	0.91	0.65	0.63	0.65	0.07	0.91	0.04	0.78	0.8	0.86	0.52	0.44	-0.58	0.91	0.66	0.85	-0.58	-0.67	0.04	0.62	0.51
Total Stockholder Equity	0.92	0.48	0.06	0.77		0.85	0.31	0.82	0.24	0.32	0.86	0.28	0.61	0.84	0.7	0.72	0.67	-0.46	0.73	0.91	0.66	-0.68	-0.66	0.21	0.83	0.76
Property Plant And Equipment Net	0.98	0.84	-0.08	0.91	0.85		0.72	0.61	0.49	0.07	1.0	0.04	0.67	0.94	0.96	0.51	0.53	-0.62	0.97	0.65	0.77	-0.56	-0.62	0.06	0.67	0.54
Net Debt	0.63	0.95	-0.14	0.65	0.31	0.72		0.07	0.63	-0.26	0.72	-0.24	0.55	0.69	0.85	0.05	-0.03	-0.53	0.83	0.1	0.65	-0.32	-0.42	-0.02	0.11	-0.01
Retained Earnings	0.69	0.2	0.16	0.63	0.82	0.61	0.07		0.04	0.19	0.61	0.16	0.42	0.53	0.42	0.95	0.66	-0.5	0.48	0.76	0.6	-0.55	-0.65	0.44	0.88	0.86
Accounts Payable	0.46	0.65	-0.2	0.65	0.24	0.49	0.63	0.04		-0.01	0.49	0.0	0.68	0.51	0.57	0.02	-0.15	-0.02	0.6	0.22	0.4	-0.41	-0.45	-0.1	-0.05	-0.14
Cash	0.19	-0.01	0.05	0.07	0.32	0.07	-0.26	0.19	-0.01		0.07	1.0	-0.05	0.11	0.05	0.09	-0.07	0.2	0.06	0.61	-0.02	-0.2	-0.01	-0.2	0.07	0.1
Non Current Assets Total	0.99	0.84	-0.08	0.91	0.86	1.0	0.72	0.61	0.49	0.07		0.04	0.67	0.94	0.96	0.51	0.53	-0.62	0.97	0.65	0.77	-0.56	-0.63	0.07	0.67	0.54
Cash And Short Term Investments	0.16	-0.01	0.08	0.04	0.28	0.04	-0.24	0.16	0.0	1.0	0.04		-0.06	0.09	0.03	0.06	-0.14	0.22	0.03	0.58	-0.02	-0.19	0.0	-0.18	0.03	0.07
Net Receivables	0.7	0.59	-0.1	0.78	0.61	0.67	0.55	0.42	0.68	-0.05	0.67	-0.06		0.69	0.64	0.4	0.3	-0.4	0.69	0.59	0.69	-0.66	-0.69	0.09	0.38	0.27
Common Stock Shares Outstanding	0.93	0.79	-0.28	0.8	0.84	0.94	0.69	0.53	0.51	0.11	0.94	0.09	0.69		0.9	0.46	0.42	-0.52	0.9	0.65	0.7	-0.55	-0.57	0.2	0.62	0.51
Non Current Liabilities Total	0.92	0.95	-0.18	0.86	0.7	0.96	0.85	0.42	0.57	0.05	0.96	0.03	0.64	0.9		0.33	0.35	-0.62	0.99	0.51	0.73	-0.47	-0.53	-0.05	0.47	0.33
Inventory	0.58	0.14	0.05	0.52	0.72	0.51	0.05	0.95	0.02	0.09	0.51	0.06	0.4	0.46	0.33		0.53	-0.48	0.38	0.67	0.56	-0.58	-0.68	0.59	0.79	0.79
Other Current Assets	0.56	0.07	0.14	0.44	0.67	0.53	-0.03	0.66	-0.15	-0.07	0.53	-0.14	0.3	0.42	0.35	0.53		-0.41	0.38	0.49	0.22	-0.21	-0.3	-0.05	0.74	0.66
Other Stockholder Equity	-0.59	-0.55	0.07	-0.58	-0.46	-0.62	-0.53	-0.5	-0.02	0.2	-0.62	0.22	-0.4	-0.52	-0.62	-0.48	-0.41		-0.63	-0.29	-0.72	0.13	0.31	-0.23	-0.6	-0.52
Total Liab	0.94	0.93	-0.13	0.91	0.73	0.97	0.83	0.48	0.6	0.06	0.97	0.03	0.69	0.9	0.99	0.38	0.38	-0.63		0.55	0.77	-0.5	-0.58	-0.03	0.52	0.38
Total Current Assets	0.77	0.32	0.11	0.66	0.91	0.65	0.1	0.76	0.22	0.61	0.65	0.58	0.59	0.65	0.51	0.67	0.49	-0.29	0.55		0.57	-0.7	-0.62	0.14	0.67	0.64
Short Term Debt	0.77	0.69	0.1	0.85	0.66	0.77	0.65	0.6	0.4	-0.02	0.77	-0.02	0.69	0.7	0.73	0.56	0.22	-0.72	0.77	0.57		-0.57	-0.65	0.33	0.61	0.55
Intangible Assets	-0.63	-0.41	-0.18	-0.58	-0.68	-0.56	-0.32	-0.55	-0.41	-0.2	-0.56	-0.19	-0.66	-0.55	-0.47	-0.58	-0.21	0.13	-0.5	-0.7	-0.57		0.95	-0.14	-0.29	-0.24
Non Currrent Assets Other	-0.66	-0.48	-0.17	-0.67	-0.66	-0.62	-0.42	-0.65	-0.45	-0.01	-0.63	0.0	-0.69	-0.57	-0.53	-0.68	-0.3	0.31	-0.58	-0.62	-0.65	0.95		-0.18	-0.37	-0.3
Current Deferred Revenue	0.09	-0.09	-0.27	0.04	0.21	0.06	-0.02	0.44	-0.1	-0.2	0.07	-0.18	0.09	0.2	-0.05	0.59	-0.05	-0.23	-0.03	0.14	0.33	-0.14	-0.18		0.48	0.57
Other Liab	0.71	0.22	0.03	0.62	0.83	0.67	0.11	0.88	-0.05	0.07	0.67	0.03	0.38	0.62	0.47	0.79	0.74	-0.6	0.52	0.67	0.61	-0.29	-0.37	0.48		0.98
Net Tangible Assets	0.6	0.08	0.09	0.51	0.76	0.54	-0.01	0.86	-0.14	0.1	0.54	0.07	0.27	0.51	0.33	0.79	0.66	-0.52	0.38	0.64	0.55	-0.24	-0.3	0.57	0.98

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Westbond Enterprises Account Relationship Matchups

Westbond Enterprises fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.6M	15.5M	14.3M	13.4M	12.7M	7.3M
Short Long Term Debt Total	3.2M	5.2M	4.2M	2.4M	2.5M	1.8M
Other Current Liab	244.9K	620.3K	48.9K	708.5K	151.3K	143.7K
Total Current Liabilities	2.2M	2.2M	1.9M	1.8M	1.7M	1.4M
Total Stockholder Equity	5.9M	8.0M	7.8M	7.8M	7.6M	3.9M
Property Plant And Equipment Net	10.2M	11.4M	10.7M	10.0M	9.1M	5.0M
Net Debt	4.8M	2.8M	830.4K	2.3M	2.4M	1.5M
Retained Earnings	1.5M	3.4M	3.2M	3.2M	3.0M	3.2M
Accounts Payable	1.0M	684.4K	578.4K	470.5K	575.6K	626.6K
Cash	394.1K	1.5M	268.1K	73.5K	111.0K	105.5K
Non Current Assets Total	10.2M	11.4M	10.7M	10.1M	9.2M	5.1M
Cash And Short Term Investments	474.0K	394.1K	1.5M	73.5K	111.0K	105.5K
Net Receivables	1.6M	805.0K	1.1M	1.1M	1.1M	851.6K
Common Stock Shares Outstanding	34.4M	35.7M	35.8M	35.6M	41.0M	21.3M
Liabilities And Stockholders Equity	10.9M	13.6M	15.5M	13.4M	12.7M	6.9M
Non Current Liabilities Total	5.5M	5.3M	4.5M	3.8M	3.4M	2.0M
Inventory	1.3M	1.7M	1.9M	1.8M	2.1M	2.2M
Other Current Assets	57.6K	88.3K	117.0K	394.8K	96.2K	59.7K
Total Liab	7.7M	7.6M	6.5M	5.6M	5.1M	3.4M
Total Current Assets	3.4M	4.1M	3.5M	3.4M	3.5M	2.2M
Accumulated Other Comprehensive Income	89.0K	81.8K	98.7K	81.2K	65.8K	93.8K
Other Liab	1.2M	2.0M	2.2M	2.0M	2.3M	1.3M
Net Tangible Assets	5.9M	8.0M	7.8M	7.8M	9.0M	6.5M
Other Assets	18.8K	32.6K	28.9K	41.8K	37.6K	24.8K
Property Plant Equipment	10.2M	11.4M	10.7M	10.0M	11.5M	9.9M
Long Term Debt	2.4M	1.7M	1.0M	297.6K	267.8K	254.5K
Net Invested Capital	8.3M	9.7M	8.9M	8.1M	8.3M	7.0M
Net Working Capital	1.2M	1.9M	1.6M	1.6M	1.8M	1.6M

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