Weebit Income Tax Expense vs Reconciled Depreciation Analysis

WBT Stock

2.67 0.10 3.61%

Weebit Nano financial indicator trend analysis is more than just analyzing Weebit Nano current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weebit Nano is a good investment. Please check the relationship between Weebit Nano Income Tax Expense and its Reconciled Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weebit Nano. 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.

Income Tax Expense vs Reconciled Depreciation

Income Tax Expense vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weebit Nano Income Tax Expense account and Reconciled Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Weebit Nano's Income Tax Expense and Reconciled Depreciation is -0.48. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Weebit Nano, assuming nothing else is changed. The correlation between historical values of Weebit Nano's Income Tax Expense and Reconciled Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Weebit Nano are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Income Tax Expense i.e., Weebit Nano's Income Tax Expense and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Tax Expense

Reconciled Depreciation

Most indicators from Weebit Nano's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weebit Nano 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 Weebit Nano. 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.

Issuance Of Capital Stock is likely to gain to about 73.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 479 K in 2024.

	2021	2022	2023 (projected)
Research Development	22.5M	32.4M	29.9M
Interest Income	197.8K	1.3M	4.1M

Research Development Interest Income

Weebit Nano fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Current Liab	Retained Earnings	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Short Long Term Debt Total	Short Long Term Debt	Short Term Debt	Non Currrent Assets Other
Total Assets		0.83	1.0	-0.09	-0.83	0.78	0.99	-0.09	0.81	0.58	0.45	0.74	0.5	0.85	-0.08	0.99	0.97	0.78	-0.91	-0.14	0.8	0.17	0.08	-0.05	-0.07	-0.25
Total Current Liabilities	0.83		0.81	0.22	-0.63	0.82	0.78	0.22	0.61	0.3	0.29	0.68	0.22	1.0	0.23	0.77	0.81	0.97	-0.78	0.14	0.56	0.18	0.21	-0.05	0.15	-0.05
Total Stockholder Equity	1.0	0.81		-0.11	-0.84	0.77	0.99	-0.11	0.81	0.58	0.45	0.74	0.51	0.83	-0.1	0.99	0.97	0.76	-0.91	-0.16	0.8	0.17	0.08	-0.04	-0.08	-0.25
Property Plant And Equipment Net	-0.09	0.22	-0.11		0.24	0.12	-0.24	1.0	-0.24	-0.13	-0.48	-0.01	-0.25	0.2	1.0	-0.24	-0.2	0.22	0.25	0.95	-0.1	0.35	0.69	0.06	0.72	0.61
Net Debt	-0.83	-0.63	-0.84	0.24		-0.63	-0.86	0.24	-1.0	-0.45	-0.68	-0.71	-0.66	-0.65	0.24	-0.86	-0.82	-0.58	0.78	0.36	-0.66	-0.13	0.05	0.52	0.25	0.4
Accounts Payable	0.78	0.82	0.77	0.12	-0.63		0.75	0.12	0.6	0.22	0.36	0.71	0.22	0.83	0.13	0.74	0.8	0.73	-0.81	0.01	0.36	0.15	0.14	-0.19	0.06	-0.14
Cash	0.99	0.78	0.99	-0.24	-0.86	0.75		-0.24	0.84	0.54	0.52	0.73	0.5	0.8	-0.23	1.0	0.98	0.73	-0.93	-0.29	0.79	0.12	-0.03	-0.07	-0.18	-0.33
Non Current Assets Total	-0.09	0.22	-0.11	1.0	0.24	0.12	-0.24		-0.24	-0.13	-0.48	-0.01	-0.25	0.2	1.0	-0.24	-0.2	0.22	0.25	0.95	-0.1	0.35	0.69	0.06	0.72	0.61
Cash And Short Term Investments	0.81	0.61	0.81	-0.24	-1.0	0.6	0.84	-0.24		0.43	0.69	0.7	0.66	0.63	-0.24	0.83	0.79	0.55	-0.76	-0.36	0.63	0.13	-0.05	-0.56	-0.25	-0.4
Net Receivables	0.58	0.3	0.58	-0.13	-0.45	0.22	0.54	-0.13	0.43		0.35	0.43	0.78	0.35	-0.12	0.58	0.55	0.3	-0.49	-0.15	0.54	0.02	0.07	0.04	-0.22	-0.27
Common Stock Total Equity	0.45	0.29	0.45	-0.48	-0.68	0.36	0.52	-0.48	0.69	0.35		0.64	0.49	0.31	-0.48	0.52	0.55	0.28	-0.6	-0.67	0.25	-0.21	-0.58	-0.52	-0.7	-0.83
Common Stock Shares Outstanding	0.74	0.68	0.74	-0.01	-0.71	0.71	0.73	-0.01	0.7	0.43	0.64		0.35	0.69	0.0	0.73	0.77	0.6	-0.77	-0.23	0.44	0.17	-0.11	-0.29	-0.26	-0.29
Non Current Liabilities Total	0.5	0.22	0.51	-0.25	-0.66	0.22	0.5	-0.25	0.66	0.78	0.49	0.35		0.26	-0.24	0.53	0.51	0.18	-0.5	-0.28	0.35	0.17	0.13	-0.49	-0.19	-0.28
Total Liab	0.85	1.0	0.83	0.2	-0.65	0.83	0.8	0.2	0.63	0.35	0.31	0.69	0.26		0.21	0.79	0.83	0.97	-0.8	0.13	0.58	0.19	0.22	-0.05	0.14	-0.06
Property Plant And Equipment Gross	-0.08	0.23	-0.1	1.0	0.24	0.13	-0.23	1.0	-0.24	-0.12	-0.48	0.0	-0.24	0.21		-0.23	-0.19	0.23	0.24	0.95	-0.1	0.35	0.69	0.05	0.72	0.6
Total Current Assets	0.99	0.77	0.99	-0.24	-0.86	0.74	1.0	-0.24	0.83	0.58	0.52	0.73	0.53	0.79	-0.23		0.98	0.73	-0.92	-0.28	0.79	0.12	-0.02	-0.07	-0.18	-0.33
Common Stock	0.97	0.81	0.97	-0.2	-0.82	0.8	0.98	-0.2	0.79	0.55	0.55	0.77	0.51	0.83	-0.19	0.98		0.74	-0.98	-0.27	0.68	0.14	-0.01	-0.1	-0.15	-0.33
Other Current Liab	0.78	0.97	0.76	0.22	-0.58	0.73	0.73	0.22	0.55	0.3	0.28	0.6	0.18	0.97	0.23	0.73	0.74		-0.69	0.16	0.59	0.06	0.13	0.02	0.07	-0.13
Retained Earnings	-0.91	-0.78	-0.91	0.25	0.78	-0.81	-0.93	0.25	-0.76	-0.49	-0.6	-0.77	-0.5	-0.8	0.24	-0.92	-0.98	-0.69		0.33	-0.53	-0.11	0.06	0.17	0.2	0.37
Property Plant Equipment	-0.14	0.14	-0.16	0.95	0.36	0.01	-0.29	0.95	-0.36	-0.15	-0.67	-0.23	-0.28	0.13	0.95	-0.28	-0.27	0.16	0.33		-0.07	0.39	0.75	0.24	0.82	0.71
Net Tangible Assets	0.8	0.56	0.8	-0.1	-0.66	0.36	0.79	-0.1	0.63	0.54	0.25	0.44	0.35	0.58	-0.1	0.79	0.68	0.59	-0.53	-0.07		0.14	0.02	0.22	-0.07	-0.18
Other Stockholder Equity	0.17	0.18	0.17	0.35	-0.13	0.15	0.12	0.35	0.13	0.02	-0.21	0.17	0.17	0.19	0.35	0.12	0.14	0.06	-0.11	0.39	0.14		0.52	-0.06	0.54	0.63
Short Long Term Debt Total	0.08	0.21	0.08	0.69	0.05	0.14	-0.03	0.69	-0.05	0.07	-0.58	-0.11	0.13	0.22	0.69	-0.02	-0.01	0.13	0.06	0.75	0.02	0.52		-0.01	0.93	0.72
Short Long Term Debt	-0.05	-0.05	-0.04	0.06	0.52	-0.19	-0.07	0.06	-0.56	0.04	-0.52	-0.29	-0.49	-0.05	0.05	-0.07	-0.1	0.02	0.17	0.24	0.22	-0.06	-0.01		0.15	0.24
Short Term Debt	-0.07	0.15	-0.08	0.72	0.25	0.06	-0.18	0.72	-0.25	-0.22	-0.7	-0.26	-0.19	0.14	0.72	-0.18	-0.15	0.07	0.2	0.82	-0.07	0.54	0.93	0.15		0.79
Non Currrent Assets Other	-0.25	-0.05	-0.25	0.61	0.4	-0.14	-0.33	0.61	-0.4	-0.27	-0.83	-0.29	-0.28	-0.06	0.6	-0.33	-0.33	-0.13	0.37	0.71	-0.18	0.63	0.72	0.24	0.79

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Weebit Nano Account Relationship Matchups

Weebit Nano fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0K	4.5M	22.2M	57.0M	89.5M	66.0M
Total Current Liabilities	369.17	1.1M	1.0M	1.7M	4.6M	3.9M
Total Stockholder Equity	1.6K	3.3M	21.2M	55.0M	84.8M	61.9M
Property Plant And Equipment Net	179.8K	138.0K	717.0K	519.6K	1.6M	2.3M
Net Debt	(4.0M)	(21.7M)	(49.8M)	(87.7M)	(62.4M)	(59.3M)
Accounts Payable	92.3K	301.8K	209.2K	253.2K	829.5K	1.1M
Cash	1.7K	4.1M	21.7M	50.2M	88.0M	62.8M
Non Current Assets Total	193.3K	188.9K	738.2K	546.8K	1.6M	2.3M
Cash And Short Term Investments	4.1M	21.7M	50.2M	88.0M	62.8M	66.0M
Net Receivables	221.0K	199.6K	294.4K	6.0M	1.0M	1.6M
Liabilities And Stockholders Equity	4.5M	22.2M	57.0M	89.5M	66.0M	69.3M
Total Liab	369.17	1.2M	1.0M	2.0M	4.7M	4.1M
Property Plant And Equipment Gross	179.8K	138.0K	717.0K	519.6K	1.9M	2.3M
Total Current Assets	1.9K	4.3M	22.0M	56.3M	89.0M	64.4M
Accumulated Other Comprehensive Income	6.8M	11.9M	22.7M	33.8M	51.7M	54.3M
Common Stock	31.6K	36.1M	60.1M	110.8M	168.5M	168.9M
Other Current Liab	276.9K	739.5K	784.6K	1.3M	3.6M	2.6M
Retained Earnings	(35.5K)	(39.6M)	(50.8M)	(78.5M)	(117.5M)	(158.8M)
Property Plant Equipment	68.9K	179.8K	138.0K	717.0K	519.6K	7.6K
Net Tangible Assets	1.6M	3.3M	21.2M	55.0M	84.8M	479.8K
Other Stockholder Equity	0.0	1.0	(9.3K)	(51.0K)	(45.9K)	(48.2K)
Short Long Term Debt Total	124.3K	49.2K	414.8K	284.7K	434.8K	324.2K
Inventory	(198.59)	(294.42)	(6.0K)	(1.0K)	(1.2K)	(1.2K)
Other Current Assets	199.59	294.42	6.0K	1.0K	901.96	856.86
Other Assets	12.81	13.5K	1.0	21.2K	27.1K	0.95
Long Term Debt Total	24.5K	19.6K	348K	66.3K	76.2K	72.0K
Net Invested Capital	3.3M	21.2M	55.0M	84.8M	61.9M	32.0M
Net Working Capital	3.2M	21.0M	54.6M	84.3M	60.5M	31.6M
Long Term Investments	13.5K	51.0K	21.2K	27.1K	26.7K	23.8K
Current Deferred Revenue	738.7K	(1.0)	1.3M	3.6M	4.1M	4.3M
Capital Stock	36.1M	60.1M	110.8M	168.5M	168.9M	105.6M

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