WesCan Income Quality vs Capex To Operating Cash Flow Analysis

WCE Stock  CAD 0.08  0.01  11.11%   
WesCan Energy financial indicator trend analysis is more than just analyzing WesCan Energy Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WesCan Energy Corp is a good investment. Please check the relationship between WesCan Energy Income Quality and its Capex To Operating Cash Flow accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WesCan Energy 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.

Income Quality vs Capex To Operating Cash Flow

Income Quality vs Capex To Operating Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WesCan Energy Corp Income Quality account and Capex To Operating Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between WesCan Energy's Income Quality and Capex To Operating Cash Flow is -0.49. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Capex To Operating Cash Flow in the same time period over historical financial statements of WesCan Energy Corp, assuming nothing else is changed. The correlation between historical values of WesCan Energy's Income Quality and Capex To Operating 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 Income Quality of WesCan Energy Corp are associated (or correlated) with its Capex To Operating Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Operating Cash Flow has no effect on the direction of Income Quality i.e., WesCan Energy's Income Quality and Capex To Operating Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Capex To Operating Cash Flow

Most indicators from WesCan Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WesCan Energy 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 WesCan Energy 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, WesCan Energy's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 401.5 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.18 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue1.5M3.5M2.6M2.7M
Depreciation And Amortization296.9K687.2K557.6K585.5K

WesCan Energy fundamental ratios Correlations

0.440.840.911.00.67-0.110.640.51.00.50.770.77-0.37-0.650.910.770.830.890.470.83-0.25-0.240.380.920.93
0.440.550.250.450.65-0.330.08-0.190.45-0.190.560.68-0.24-0.50.540.130.620.330.240.6-0.53-0.850.50.550.3
0.840.550.550.840.81-0.450.750.310.840.310.790.87-0.52-0.480.970.630.920.790.480.92-0.44-0.410.490.860.62
0.910.250.550.910.490.180.380.460.910.460.630.51-0.18-0.590.650.670.640.720.30.640.01-0.110.220.720.99
1.00.450.840.910.69-0.110.610.461.00.460.760.76-0.38-0.630.910.740.840.880.460.85-0.24-0.270.380.910.93
0.670.650.810.490.69-0.280.25-0.230.69-0.230.750.67-0.34-0.280.730.190.960.430.190.96-0.28-0.710.430.610.53
-0.11-0.33-0.450.18-0.11-0.28-0.31-0.03-0.11-0.03-0.01-0.470.89-0.22-0.38-0.02-0.27-0.18-0.17-0.29-0.030.23-0.64-0.230.04
0.640.080.750.380.610.25-0.310.720.610.720.530.63-0.36-0.510.780.820.460.80.630.46-0.460.160.160.70.41
0.5-0.190.310.460.46-0.23-0.030.720.461.00.180.35-0.2-0.440.460.870.040.70.410.05-0.130.50.150.530.46
1.00.450.840.911.00.69-0.110.610.460.460.760.76-0.38-0.630.910.740.840.880.460.85-0.24-0.270.380.910.93
0.5-0.190.310.460.46-0.23-0.030.721.00.460.180.35-0.2-0.440.460.870.040.70.410.05-0.130.50.150.530.46
0.770.560.790.630.760.75-0.010.530.180.760.180.76-0.08-0.70.760.640.840.590.360.83-0.51-0.510.260.70.63
0.770.680.870.510.760.67-0.470.630.350.760.350.76-0.46-0.610.890.650.780.760.520.77-0.56-0.490.60.860.57
-0.37-0.24-0.52-0.18-0.38-0.340.89-0.36-0.2-0.38-0.2-0.08-0.46-0.16-0.49-0.18-0.37-0.36-0.18-0.4-0.270.1-0.64-0.37-0.32
-0.65-0.5-0.48-0.59-0.63-0.28-0.22-0.51-0.44-0.63-0.44-0.7-0.61-0.16-0.59-0.7-0.43-0.67-0.54-0.410.70.25-0.06-0.7-0.55
0.910.540.970.650.910.73-0.380.780.460.910.460.760.89-0.49-0.590.730.870.90.550.87-0.47-0.330.470.950.71
0.770.130.630.670.740.19-0.020.820.870.740.870.640.65-0.18-0.70.730.450.840.510.45-0.380.130.230.760.67
0.830.620.920.640.840.96-0.270.460.040.840.040.840.78-0.37-0.430.870.450.640.311.0-0.34-0.590.460.780.68
0.890.330.790.720.880.43-0.180.80.70.880.70.590.76-0.36-0.670.90.840.640.610.64-0.420.00.340.960.75
0.470.240.480.30.460.19-0.170.630.410.460.410.360.52-0.18-0.540.550.510.310.610.28-0.52-0.040.20.580.32
0.830.60.920.640.850.96-0.290.460.050.850.050.830.77-0.4-0.410.870.451.00.640.28-0.31-0.570.470.780.69
-0.25-0.53-0.440.01-0.24-0.28-0.03-0.46-0.13-0.24-0.13-0.51-0.56-0.270.7-0.47-0.38-0.34-0.42-0.52-0.310.38-0.03-0.50.03
-0.24-0.85-0.41-0.11-0.27-0.710.230.160.5-0.270.5-0.51-0.490.10.25-0.330.13-0.590.0-0.04-0.570.38-0.34-0.25-0.14
0.380.50.490.220.380.43-0.640.160.150.380.150.260.6-0.64-0.060.470.230.460.340.20.47-0.03-0.340.440.33
0.920.550.860.720.910.61-0.230.70.530.910.530.70.86-0.37-0.70.950.760.780.960.580.78-0.5-0.250.440.76
0.930.30.620.990.930.530.040.410.460.930.460.630.57-0.32-0.550.710.670.680.750.320.690.03-0.140.330.76
Click cells to compare fundamentals

WesCan Energy Account Relationship Matchups

WesCan Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4M5.3M5.8M7.0M6.1M6.4M
Other Current Liab337.2K329.5K179.5K193.7K728.4K764.8K
Total Current Liabilities2.0M2.4M2.6M3.7M2.9M3.1M
Total Stockholder Equity548.0K1.2M1.4M1.6M1.7M1.8M
Property Plant And Equipment Net3.9M4.8M5.1M6.3M5.8M6.0M
Net Debt276.1K378.5K568.3K1.2M1.8M1.8M
Retained Earnings(14.6M)(14.1M)(14.3M)(14.5M)(14.4M)(15.1M)
Accounts Payable963.3K1.4M1.5M1.9M463.7K550.9K
Cash417.0K376.0K468.3K440.6K19.8K18.8K
Non Current Assets Total3.9M4.8M5.1M6.3M5.8M6.0M
Cash And Short Term Investments417.0K376.0K468.3K440.6K19.8K18.8K
Net Receivables41.7K109.0K203.4K327.0K264.3K277.6K
Liabilities And Stockholders Equity4.4M5.3M5.8M7.0M6.1M6.4M
Total Liab3.9M4.2M4.4M5.4M4.4M4.6M
Total Current Assets465.1K485.0K720.0K775.6K302.9K338.6K
Short Long Term Debt Total693.1K754.5K1.0M1.6M1.8M1.9M
Non Current Liabilities Total1.9M1.7M1.8M1.8M1.5M874.9K
Other Current Assets10.4K6.4K48.3K8.0K18.7K12.1K
Short Term Debt693.1K694.5K976.6K1.6M1.7M1.8M
Non Currrent Assets Other6.6M6.2M(325K)(1.0)(1.15)(1.09)
Other Liab1.9M1.7M1.7M1.8M2.0M1.5M
Net Tangible Assets548.0K1.2M1.4M1.6M1.8M1.8M
Short Long Term Debt693.1K694.5K695.8K1.6M1.7M1.1M
Property Plant Equipment3.9M4.8M5.1M6.3M7.2M5.1M
Net Invested Capital1.2M1.9M2.4M3.2M3.3M2.4M
Net Working Capital(1.5M)(1.9M)(1.6M)(2.9M)(2.6M)(2.8M)

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Additional Tools for WesCan Stock Analysis

When running WesCan Energy's price analysis, check to measure WesCan Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WesCan Energy is operating at the current time. Most of WesCan Energy's value examination focuses on studying past and present price action to predict the probability of WesCan Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WesCan Energy's price. Additionally, you may evaluate how the addition of WesCan Energy to your portfolios can decrease your overall portfolio volatility.