Weyco Cash vs Short Term Investments Analysis

WEYS Stock

USD 36.36 0.33 0.92%

Weyco financial indicator trend analysis is more than just analyzing Weyco Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weyco Group is a good investment. Please check the relationship between Weyco Cash and its Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weyco Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Cash vs Short Term Investments

Cash vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weyco Group Cash account and Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Weyco's Cash and Short Term Investments is -0.68. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Weyco Group, assuming nothing else is changed. The correlation between historical values of Weyco's Cash and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Weyco Group are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash i.e., Weyco's Cash and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.68

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Weyco Group, which is listed under current asset account on Weyco Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Weyco customers. The amounts must be unrestricted with restricted cash listed in a different Weyco account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Short Term Investments

Short Term Investments is an item under the current assets section of Weyco balance sheet. It contains any investments Weyco Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Weyco Group can easily liquidate in the marketplace.

Most indicators from Weyco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weyco Group 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 Weyco Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Weyco's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 7.15 in 2024, whereas Tax Provision is likely to drop slightly above 8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	81K	710K	529K	302.6K
Depreciation And Amortization	2.7M	2.7M	2.8M	2.5M

Interest Expense Depreciation And Amortization

Weyco fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Short Long Term Debt Total	Short Term Debt	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.65	0.62	0.95	0.88	0.27	0.97	-0.01	0.93	0.84	0.05	0.86	-0.91	0.85	0.84	0.84	0.57	0.83	0.24	0.94	0.32	0.33	0.27	0.86	0.02	0.82
Other Current Liab	0.65		0.5	0.61	0.41	0.25	0.64	-0.13	0.48	0.37	-0.12	0.61	-0.43	0.39	0.71	0.58	0.25	0.54	0.0	0.72	0.1	0.25	0.26	0.46	-0.07	0.43
Total Current Liabilities	0.62	0.5		0.38	0.42	0.73	0.49	-0.27	0.61	0.28	-0.24	0.58	-0.42	0.4	0.67	0.44	-0.01	0.92	-0.04	0.55	0.37	0.86	0.89	0.51	0.17	0.56
Total Stockholder Equity	0.95	0.61	0.38		0.87	0.02	0.97	0.13	0.84	0.88	0.19	0.79	-0.91	0.79	0.78	0.82	0.71	0.63	0.34	0.94	0.23	0.1	0.0	0.81	-0.11	0.74
Property Plant And Equipment Net	0.88	0.41	0.42	0.87		0.22	0.84	0.02	0.83	0.8	0.08	0.67	-0.84	0.9	0.72	0.68	0.63	0.7	0.34	0.81	0.21	0.31	0.14	0.68	0.06	0.64
Net Debt	0.27	0.25	0.73	0.02	0.22		0.11	-0.81	0.35	-0.08	-0.79	0.39	0.01	0.27	0.41	0.06	-0.39	0.66	-0.59	0.16	0.4	0.69	0.8	0.02	0.53	0.15
Retained Earnings	0.97	0.64	0.49	0.97	0.84	0.11		0.07	0.9	0.84	0.13	0.83	-0.9	0.8	0.76	0.89	0.57	0.71	0.31	0.92	0.26	0.17	0.12	0.89	-0.03	0.83
Cash	-0.01	-0.13	-0.27	0.13	0.02	-0.81	0.07		-0.14	0.24	0.99	-0.29	-0.24	-0.13	-0.11	0.1	0.54	-0.26	0.9	0.1	-0.4	-0.15	-0.35	0.21	-0.68	0.06
Non Current Assets Total	0.93	0.48	0.61	0.84	0.83	0.35	0.9	-0.14		0.79	-0.06	0.82	-0.87	0.89	0.63	0.84	0.4	0.84	0.13	0.75	0.28	0.31	0.3	0.89	0.2	0.9
Non Currrent Assets Other	0.84	0.37	0.28	0.88	0.8	-0.08	0.84	0.24	0.79		0.3	0.75	-0.98	0.77	0.65	0.81	0.84	0.55	0.44	0.78	0.23	0.03	-0.12	0.83	-0.15	0.82
Cash And Short Term Investments	0.05	-0.12	-0.24	0.19	0.08	-0.79	0.13	0.99	-0.06	0.3		-0.22	-0.31	-0.06	-0.09	0.16	0.57	-0.2	0.91	0.14	-0.35	-0.14	-0.34	0.29	-0.6	0.14
Net Receivables	0.86	0.61	0.58	0.79	0.67	0.39	0.83	-0.29	0.82	0.75	-0.22		-0.77	0.69	0.75	0.79	0.41	0.73	-0.03	0.79	0.59	0.19	0.21	0.75	0.31	0.8
Common Stock Shares Outstanding	-0.91	-0.43	-0.42	-0.91	-0.84	0.01	-0.9	-0.24	-0.87	-0.98	-0.31	-0.77		-0.81	-0.68	-0.85	-0.77	-0.66	-0.46	-0.83	-0.23	-0.16	-0.03	-0.9	0.11	-0.88
Non Current Liabilities Total	0.85	0.39	0.4	0.79	0.9	0.27	0.8	-0.13	0.89	0.77	-0.06	0.69	-0.81		0.6	0.7	0.5	0.74	0.13	0.71	0.32	0.19	0.1	0.71	0.22	0.7
Inventory	0.84	0.71	0.67	0.78	0.72	0.41	0.76	-0.11	0.63	0.65	-0.09	0.75	-0.68	0.6		0.62	0.54	0.76	0.15	0.92	0.41	0.49	0.38	0.54	-0.13	0.53
Other Current Assets	0.84	0.58	0.44	0.82	0.68	0.06	0.89	0.1	0.84	0.81	0.16	0.79	-0.85	0.7	0.62		0.49	0.64	0.36	0.74	0.24	0.1	0.06	0.92	-0.08	0.9
Other Stockholder Equity	0.57	0.25	-0.01	0.71	0.63	-0.39	0.57	0.54	0.4	0.84	0.57	0.41	-0.77	0.5	0.54	0.49		0.21	0.65	0.65	0.09	-0.07	-0.34	0.49	-0.45	0.44
Total Liab	0.83	0.54	0.92	0.63	0.7	0.66	0.71	-0.26	0.84	0.55	-0.2	0.73	-0.66	0.74	0.76	0.64	0.21		0.03	0.72	0.41	0.72	0.71	0.69	0.22	0.72
Property Plant And Equipment Gross	0.24	0.0	-0.04	0.34	0.34	-0.59	0.31	0.9	0.13	0.44	0.91	-0.03	-0.46	0.13	0.15	0.36	0.65	0.03		0.31	-0.2	0.06	-0.2	0.41	-0.56	0.28
Total Current Assets	0.94	0.72	0.55	0.94	0.81	0.16	0.92	0.1	0.75	0.78	0.14	0.79	-0.83	0.71	0.92	0.74	0.65	0.72	0.31		0.31	0.31	0.21	0.72	-0.14	0.65
Accounts Payable	0.32	0.1	0.37	0.23	0.21	0.4	0.26	-0.4	0.28	0.23	-0.35	0.59	-0.23	0.32	0.41	0.24	0.09	0.41	-0.2	0.31		0.11	0.15	0.18	0.41	0.27
Short Long Term Debt Total	0.33	0.25	0.86	0.1	0.31	0.69	0.17	-0.15	0.31	0.03	-0.14	0.19	-0.16	0.19	0.49	0.1	-0.07	0.72	0.06	0.31	0.11		0.93	0.17	0.06	0.2
Short Term Debt	0.27	0.26	0.89	0.0	0.14	0.8	0.12	-0.35	0.3	-0.12	-0.34	0.21	-0.03	0.1	0.38	0.06	-0.34	0.71	-0.2	0.21	0.15	0.93		0.15	0.2	0.2
Common Stock Total Equity	0.86	0.46	0.51	0.81	0.68	0.02	0.89	0.21	0.89	0.83	0.29	0.75	-0.9	0.71	0.54	0.92	0.49	0.69	0.41	0.72	0.18	0.17	0.15		-0.03	0.97
Short Term Investments	0.02	-0.07	0.17	-0.11	0.06	0.53	-0.03	-0.68	0.2	-0.15	-0.6	0.31	0.11	0.22	-0.13	-0.08	-0.45	0.22	-0.56	-0.14	0.41	0.06	0.2	-0.03		0.07
Common Stock	0.82	0.43	0.56	0.74	0.64	0.15	0.83	0.06	0.9	0.82	0.14	0.8	-0.88	0.7	0.53	0.9	0.44	0.72	0.28	0.65	0.27	0.2	0.2	0.97	0.07

Click cells to compare fundamentals

Weyco Account Relationship Matchups

Weyco fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	296.9M	256.7M	277.7M	326.6M	309.3M	184.0M
Other Current Liab	15.9M	10.5M	10.7M	16.4M	15.8M	9.8M
Total Current Liabilities	41.9M	24.3M	34.5M	67.5M	29.6M	29.4M
Total Stockholder Equity	210.0M	187.9M	201.4M	223.9M	244.5M	134.7M
Property Plant And Equipment Net	51.0M	40.4M	38.7M	42.2M	42.0M	23.6M
Net Debt	17.9M	(20.5M)	(8.6M)	28.9M	(55.8M)	(53.0M)
Retained Earnings	158.8M	139.0M	147.8M	164.0M	180.6M	113.8M
Cash	9.8M	32.5M	19.7M	16.9M	69.3M	72.8M
Non Current Assets Total	136.9M	122.4M	120.5M	120.2M	119.2M	75.8M
Non Currrent Assets Other	23.7M	24.0M	23.6M	23.8M	21.9M	21.8M
Cash And Short Term Investments	15.7M	34.7M	28.1M	18.4M	69.5M	73.0M
Net Receivables	51.5M	36.0M	53.8M	54.2M	39.5M	35.7M
Common Stock Shares Outstanding	10.0M	9.8M	9.7M	9.6M	9.5M	11.0M
Liabilities And Stockholders Equity	296.9M	256.7M	277.7M	326.6M	309.3M	184.0M
Non Current Liabilities Total	45.0M	44.4M	41.8M	35.2M	35.2M	18.9M
Inventory	86.7M	59.0M	71.0M	128.0M	74.9M	47.5M
Other Current Assets	6.0M	4.6M	4.3M	5.9M	6.2M	5.2M
Other Stockholder Equity	65.5M	67.2M	68.7M	70.5M	71.7M	75.2M
Total Liab	86.9M	68.8M	76.3M	102.7M	64.8M	47.7M
Property Plant And Equipment Gross	51.0M	40.4M	38.7M	42.2M	92.5M	97.1M
Total Current Assets	160.0M	134.3M	157.2M	206.5M	190.1M	108.2M
Accumulated Other Comprehensive Income	(24.5M)	(28.0M)	(24.8M)	(20.2M)	(17.3M)	(16.4M)
Accounts Payable	12.5M	8.4M	19.2M	14.9M	8.8M	11.0M
Short Long Term Debt Total	27.7M	12.0M	11.1M	45.8M	13.5M	17.5M
Short Term Debt	13.6M	4.2M	3.6M	35.2M	4.0M	3.8M
Common Stock Total Equity	9.9M	9.8M	9.7M	9.6M	11.0M	10.1M
Short Term Investments	5.9M	2.2M	8.3M	1.5M	215K	204.3K
Common Stock	9.9M	9.8M	9.7M	9.6M	9.5M	10.1M
Other Assets	24.7M	67.7M	24.7M	24.1M	1.0	0.95
Property Plant Equipment	32.2M	30.8M	29.2M	28.8M	33.1M	31.6M
Other Liab	30.9M	36.7M	34.2M	24.5M	28.2M	25.7M
Net Tangible Assets	166.0M	143.9M	154.3M	178.0M	204.7M	165.9M
Retained Earnings Total Equity	158.8M	139.0M	147.8M	164.0M	188.6M	139.9M
Capital Surpluse	65.8M	67.2M	68.7M	70.5M	81.0M	57.5M
Deferred Long Term Liab	3.1M	2.9M	5.0M	8.5M	9.8M	10.3M
Long Term Investments	15.8M	12.8M	10.0M	7.1M	6.4M	6.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Weyco Stock Analysis

When running Weyco's price analysis, check to measure Weyco'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 Weyco is operating at the current time. Most of Weyco's value examination focuses on studying past and present price action to predict the probability of Weyco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weyco's price. Additionally, you may evaluate how the addition of Weyco to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC