Western Total Liab vs Other Current Assets Analysis
WDC Stock | USD 65.88 2.04 3.20% |
Western Digital financial indicator trend analysis is more than just analyzing Western Digital current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Digital is a good investment. Please check the relationship between Western Digital Total Liab and its Other Current Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.
Total Liab vs Other Current Assets
Total Liab vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Digital Total Liab account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Digital's Total Liab and Other Current Assets is 0.71. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Western Digital, assuming nothing else is changed. The correlation between historical values of Western Digital's Total Liab and Other Current Assets 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 Liab of Western Digital are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Liab i.e., Western Digital's Total Liab and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Western Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Digital 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 Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.At present, Western Digital's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 3.5 B, whereas Selling General Administrative is forecasted to decline to about 553.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 18.8B | 12.3B | 13.0B | 8.1B | Depreciation And Amortization | 929M | 828M | 568M | 572.3M |
Western Digital fundamental ratios Correlations
Click cells to compare fundamentals
Western Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Digital fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.7B | 26.1B | 26.3B | 24.4B | 24.2B | 25.4B | |
Short Long Term Debt Total | 9.6B | 8.7B | 7.1B | 7.1B | 7.4B | 7.8B | |
Other Current Liab | 1.8B | 2.0B | 2.3B | 1.6B | 2.0B | 2.1B | |
Total Current Liabilities | 4.4B | 4.9B | 4.6B | 5.4B | 6.1B | 6.4B | |
Total Stockholder Equity | 9.6B | 10.7B | 12.2B | 10.8B | 10.8B | 11.4B | |
Property Plant And Equipment Net | 2.9B | 3.2B | 3.7B | 3.6B | 3.5B | 3.7B | |
Net Debt | 6.5B | 5.4B | 4.7B | 5.0B | 5.6B | 5.8B | |
Retained Earnings | 6.7B | 7.5B | 9.0B | 7.4B | 6.8B | 7.1B | |
Cash | 3.0B | 3.4B | 2.3B | 2.0B | 1.9B | 1.9B | |
Non Current Assets Total | 16.6B | 16.4B | 16.8B | 16.5B | 16.1B | 16.9B | |
Non Currrent Assets Other | 2.8B | 2.7B | 1.5B | 2.8B | 1.5B | 1.6B | |
Cash And Short Term Investments | 3.0B | 3.4B | 2.3B | 2.0B | 1.9B | 1.9B | |
Net Receivables | 2.4B | 2.3B | 2.8B | 1.6B | 2.2B | 2.3B | |
Common Stock Shares Outstanding | 298M | 309M | 316M | 318M | 326M | 202.2M | |
Liabilities And Stockholders Equity | 25.7B | 26.1B | 26.3B | 24.4B | 24.2B | 25.4B | |
Non Current Liabilities Total | 11.7B | 10.5B | 9.5B | 18.1B | 7.1B | 3.6B | |
Inventory | 3.1B | 3.6B | 3.6B | 3.7B | 3.3B | 3.5B | |
Other Current Assets | 551M | 514M | 684M | 567M | 673M | 706.7M | |
Other Stockholder Equity | 3.0B | 3.4B | 3.7B | 2.9B | 4.5B | 4.7B | |
Total Liab | 16.1B | 15.4B | 14.0B | 23.6B | 13.1B | 13.8B | |
Total Current Assets | 9.0B | 9.8B | 9.5B | 7.9B | 8.1B | 4.2B | |
Short Term Debt | 286M | 251M | 40M | 1.2B | 1.8B | 1.9B | |
Intangible Assets | 941M | 442M | 213M | 80M | 78M | 74.1M | |
Accounts Payable | 2.4B | 2.3B | 2.2B | 1.6B | 1.7B | 1.2B | |
Property Plant And Equipment Gross | 3.1B | 3.2B | 3.7B | 3.6B | 12.0B | 12.6B | |
Accumulated Other Comprehensive Income | (157M) | (197M) | (554M) | (516M) | (712M) | (676.4M) | |
Good Will | 10.1B | 10.1B | 10.0B | 10.0B | 10.0B | 6.1B | |
Short Term Investments | 2M | 1.9B | 1.6B | 3M | 3.5M | 3.3M | |
Other Liab | 2.2B | 2.1B | 2.5B | 1.2B | 1.3B | 828.3M | |
Other Assets | 1.9B | 2.7B | 2.9B | 2.0B | 2.3B | 2.5B | |
Long Term Debt | 9.3B | 8.5B | 7.0B | 5.9B | 5.7B | 4.5B | |
Property Plant Equipment | 3.1B | 3.2B | 3.7B | 3.6B | 4.2B | 2.3B | |
Net Tangible Assets | (1.5B) | 213M | 2.0B | 11.7B | 10.6B | 11.1B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Digital. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share 0.91 | Revenue Per Share 43.315 | Quarterly Revenue Growth (0.41) | Return On Assets 0.0404 |
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Digital's market value can be influenced by many factors that don't directly affect Western Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.