Wescan Net Working Capital vs Short Term Debt Analysis
WGF Stock | CAD 0.02 0.00 0.00% |
Wescan Goldfields financial indicator trend analysis is more than just analyzing Wescan Goldfields current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wescan Goldfields is a good investment. Please check the relationship between Wescan Goldfields Net Working Capital and its Short Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wescan Goldfields. 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 Working Capital vs Short Term Debt
Net Working Capital vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wescan Goldfields Net Working Capital account and Short Term Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Wescan Goldfields' Net Working Capital and Short Term Debt is 0.21. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Wescan Goldfields, assuming nothing else is changed. The correlation between historical values of Wescan Goldfields' Net Working Capital and Short Term Debt 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 Working Capital of Wescan Goldfields are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Working Capital i.e., Wescan Goldfields' Net Working Capital and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Working Capital
Short Term Debt
Most indicators from Wescan Goldfields' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wescan Goldfields 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 Goldfields. 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. Selling General Administrative is likely to drop to about 89.7 K in 2024. Issuance Of Capital Stock is likely to drop to about 127.3 K in 2024
Wescan Goldfields fundamental ratios Correlations
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Wescan Goldfields Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wescan Goldfields fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 120.5K | 63.7K | 6.4K | 221.2K | 84.4K | 112.5K | |
Other Current Liab | 20.0K | 15.7K | 17.4K | 22.3K | 20.1K | 19.1K | |
Total Current Liabilities | 15.7K | 17.4K | 22.3K | 25.3K | 62.2K | 59.0K | |
Total Stockholder Equity | 29.3K | (29.2K) | (91.4K) | 120.4K | (53.3K) | (56.0K) | |
Net Tangible Assets | 131.3K | 29.3K | (29.2K) | (91.4K) | (105.1K) | (110.4K) | |
Retained Earnings | (23.2M) | (23.2M) | (23.4M) | (23.5M) | (23.9M) | (25.1M) | |
Cash | 115.3K | 61.3K | 3.4K | 218.7K | 77.5K | 147.6K | |
Net Receivables | 2.2K | 353.0 | 124.0 | 400.0 | 5.9K | 6.2K | |
Total Liab | 91.2K | 92.9K | 97.8K | 100.8K | 137.7K | 196.9K | |
Total Current Assets | 118.1K | 61.7K | 4.9K | 220.0K | 83.4K | 150.3K | |
Property Plant Equipment | 3.1K | 2.4K | 2.0K | 1.6K | 1.4K | 1.3K | |
Non Current Assets Total | 2.4K | 2.0K | 1.6K | 1.3K | 999.0 | 2.0K | |
Net Invested Capital | 29.3K | (29.2K) | (91.4K) | 120.4K | (53.3K) | (50.6K) | |
Net Working Capital | 102.4K | 44.3K | (17.5K) | 194.7K | 21.2K | 20.1K |
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When running Wescan Goldfields' price analysis, check to measure Wescan Goldfields' 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 Goldfields is operating at the current time. Most of Wescan Goldfields' value examination focuses on studying past and present price action to predict the probability of Wescan Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wescan Goldfields' price. Additionally, you may evaluate how the addition of Wescan Goldfields to your portfolios can decrease your overall portfolio volatility.