| WBE Stock | | | CAD 0.22 0.02 8.33% |
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 Net Debt and its Total Current Liabilities 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.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westbond Enterprises Corp Net Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Westbond Enterprises' Net Debt and Total Current Liabilities is 0.65. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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' Net Debt and Total Current Liabilities 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 Westbond Enterprises Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Westbond Enterprises' Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.
Total Current Liabilities
Total Current Liabilities is an item on Westbond Enterprises balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Westbond Enterprises Corp 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.
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.
Westbond Enterprises fundamental ratios Correlations
Click cells to compare fundamentals
Westbond Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westbond Enterprises fundamental ratios Accounts
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