Western Net Debt vs Total Assets Analysis

WI Stock

CAD 0.47 0.03 6.82%

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

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Investment Net Debt account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Western Investment's Net Debt and Total Assets is 0.58. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Western Investment, assuming nothing else is changed. The correlation between historical values of Western Investment's Net Debt and Total 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 Net Debt of Western Investment are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Western Investment's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Assets

Total assets refers to the total amount of Western Investment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Western Investment books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Western Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Investment 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 Investment. 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 693.4 K in 2024. Tax Provision is likely to climb to about (91.3 K) in 2024

Western Investment fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Long Term Investments	Net Debt	Long Term Debt	Common Stock Shares Outstanding	Other Current Assets	Net Invested Capital	Short Long Term Debt	Net Working Capital	Short Term Debt	Capital Stock	Other Assets
Total Assets		0.84	0.99	0.99	-0.67	0.55	0.04	0.75	0.92	0.27	0.99	0.94	0.91	-0.41	0.94	0.58	-0.03	-0.16	-0.29	-0.14	0.77	-0.85	0.85	-0.26	0.62
Total Current Liabilities	0.84		0.87	0.88	-0.42	0.44	-0.08	0.56	0.65	0.09	0.85	0.83	0.79	-0.24	0.84	0.29	-0.35	-0.12	-0.33	-0.13	0.83	-0.82	0.8	-0.21	0.42
Total Stockholder Equity	0.99	0.87		0.99	-0.58	0.57	0.01	0.69	0.84	0.26	0.97	0.93	0.88	-0.33	0.93	0.46	-0.17	-0.15	-0.26	-0.14	0.79	-0.85	0.83	-0.25	0.52
Net Tangible Assets	0.99	0.88	0.99		-0.62	0.56	0.01	0.71	0.87	0.25	0.99	0.93	0.91	-0.35	0.94	0.51	-0.11	-0.13	-0.28	-0.13	0.82	-0.86	0.85	-0.23	0.56
Retained Earnings	-0.67	-0.42	-0.58	-0.62		-0.36	0.08	-0.69	-0.83	-0.03	-0.71	-0.68	-0.71	0.84	-0.66	-0.85	-0.64	0.41	0.56	0.52	-0.53	0.68	-0.67	0.48	-0.94
Accounts Payable	0.55	0.44	0.57	0.56	-0.36		0.19	-0.06	0.44	0.47	0.56	0.33	0.3	-0.2	0.33	0.11	-0.06	-0.04	-0.06	-0.04	0.22	-0.23	0.22	-0.07	0.13
Cash	0.04	-0.08	0.01	0.01	0.08	0.19		-0.13	0.12	0.92	0.03	-0.25	-0.24	-0.12	-0.25	-0.19	0.1	0.03	0.0	0.12	-0.4	0.41	-0.39	0.08	-0.21
Other Stockholder Equity	0.75	0.56	0.69	0.71	-0.69	-0.06	-0.13		0.82	-0.07	0.72	0.86	0.84	-0.41	0.85	0.81	0.24	-0.35	-0.49	-0.2	0.67	-0.83	0.81	-0.44	0.79
Total Liab	0.92	0.65	0.84	0.87	-0.83	0.44	0.12	0.82		0.27	0.92	0.86	0.89	-0.57	0.85	0.82	0.33	-0.17	-0.35	-0.13	0.63	-0.77	0.8	-0.26	0.81
Total Current Assets	0.27	0.09	0.26	0.25	-0.03	0.47	0.92	-0.07	0.27		0.25	-0.06	-0.08	-0.17	-0.05	-0.14	0.02	-0.02	0.02	0.04	-0.21	0.24	-0.24	0.01	-0.17
Common Stock	0.99	0.85	0.97	0.99	-0.71	0.56	0.03	0.72	0.92	0.25		0.93	0.92	-0.48	0.93	0.59	0.01	-0.13	-0.29	-0.18	0.8	-0.86	0.87	-0.23	0.66
Non Current Assets Total	0.94	0.83	0.93	0.93	-0.68	0.33	-0.25	0.86	0.86	-0.06	0.93		0.98	-0.36	1.0	0.66	-0.04	-0.2	-0.34	-0.17	0.87	-0.97	0.96	-0.31	0.71
Non Currrent Assets Other	0.91	0.79	0.88	0.91	-0.71	0.3	-0.24	0.84	0.89	-0.08	0.92	0.98		-0.41	0.97	0.73	0.06	-0.05	-0.26	-0.09	0.85	-0.95	0.98	-0.17	0.78
Net Receivables	-0.41	-0.24	-0.33	-0.35	0.84	-0.2	-0.12	-0.41	-0.57	-0.17	-0.48	-0.36	-0.41		-0.35	-0.52	-0.64	0.32	0.41	0.7	-0.3	0.4	-0.38	0.36	-0.75
Long Term Investments	0.94	0.84	0.93	0.94	-0.66	0.33	-0.25	0.85	0.85	-0.05	0.93	1.0	0.97	-0.35		0.64	-0.06	-0.19	-0.34	-0.17	0.88	-0.97	0.96	-0.31	0.69
Net Debt	0.58	0.29	0.46	0.51	-0.85	0.11	-0.19	0.81	0.82	-0.14	0.59	0.66	0.73	-0.52	0.64		0.63	-0.25	-0.42	-0.13	0.43	-0.63	0.67	-0.32	0.92
Long Term Debt	-0.03	-0.35	-0.17	-0.11	-0.64	-0.06	0.1	0.24	0.33	0.02	0.01	-0.04	0.06	-0.64	-0.06	0.63		-0.29	-0.38	-0.37	-0.11	0.03	0.01	-0.28	0.59
Common Stock Shares Outstanding	-0.16	-0.12	-0.15	-0.13	0.41	-0.04	0.03	-0.35	-0.17	-0.02	-0.13	-0.2	-0.05	0.32	-0.19	-0.25	-0.29		0.9	0.73	-0.2	0.25	-0.05	0.99	-0.28
Other Current Assets	-0.29	-0.33	-0.26	-0.28	0.56	-0.06	0.0	-0.49	-0.35	0.02	-0.29	-0.34	-0.26	0.41	-0.34	-0.42	-0.38	0.9		0.66	-0.39	0.4	-0.26	0.91	-0.47
Net Invested Capital	-0.14	-0.13	-0.14	-0.13	0.52	-0.04	0.12	-0.2	-0.13	0.04	-0.18	-0.17	-0.09	0.7	-0.17	-0.13	-0.37	0.73	0.66		-0.33	0.3	-0.14	0.74	-0.35
Short Long Term Debt	0.77	0.83	0.79	0.82	-0.53	0.22	-0.4	0.67	0.63	-0.21	0.8	0.87	0.85	-0.3	0.88	0.43	-0.11	-0.2	-0.39	-0.33		-0.92	0.9	-0.3	0.53
Net Working Capital	-0.85	-0.82	-0.85	-0.86	0.68	-0.23	0.41	-0.83	-0.77	0.24	-0.86	-0.97	-0.95	0.4	-0.97	-0.63	0.03	0.25	0.4	0.3	-0.92		-0.97	0.36	-0.73
Short Term Debt	0.85	0.8	0.83	0.85	-0.67	0.22	-0.39	0.81	0.8	-0.24	0.87	0.96	0.98	-0.38	0.96	0.67	0.01	-0.05	-0.26	-0.14	0.9	-0.97		-0.16	0.75
Capital Stock	-0.26	-0.21	-0.25	-0.23	0.48	-0.07	0.08	-0.44	-0.26	0.01	-0.23	-0.31	-0.17	0.36	-0.31	-0.32	-0.28	0.99	0.91	0.74	-0.3	0.36	-0.16		-0.36
Other Assets	0.62	0.42	0.52	0.56	-0.94	0.13	-0.21	0.79	0.81	-0.17	0.66	0.71	0.78	-0.75	0.69	0.92	0.59	-0.28	-0.47	-0.35	0.53	-0.73	0.75	-0.36

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Western Investment Account Relationship Matchups

Western Investment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.6M	19.9M	19.5M	18.6M	19.9M	17.5M
Total Current Liabilities	1.4M	922.8K	1.2M	154.5K	1.5M	965.3K
Total Stockholder Equity	18.2M	14.6M	13.7M	12.4M	12.8M	13.1M
Net Tangible Assets	16.2M	18.2M	13.7M	13.7M	15.8M	12.7M
Retained Earnings	331.0K	(4.2M)	(4.2M)	(5.6M)	(5.6M)	(5.3M)
Accounts Payable	155.7K	163.2K	146.0K	144.7K	130.3K	143.2K
Cash	149.9K	365.9K	23.3K	25.7K	618.7K	341.7K
Total Liab	4.4M	5.3M	5.8M	6.2M	7.1M	4.4M
Total Current Assets	775.7K	417.9K	51.3K	416.3K	656.1K	1.2M
Common Stock	15.9M	15.8M	15.8M	15.7M	18.1M	13.2M
Non Current Assets Total	21.8M	19.5M	19.5M	18.2M	19.2M	17.7M
Net Receivables	623.4K	45.9K	22.2K	371.0	12.7K	12.1K
Non Current Liabilities Total	3.0M	4.4M	4.6M	6.1M	5.6M	3.9M
Long Term Investments	21.5M	18.7M	18.7M	17.3M	18.5M	17.2M
Net Debt	4.0M	4.8M	5.6M	6.1M	6.1M	4.9M
Common Stock Shares Outstanding	30.6M	30.5M	30.3M	30.3M	30.2M	24.3M
Net Invested Capital	22.4M	19.8M	19.4M	18.5M	19.5M	15.7M
Short Long Term Debt	1.2M	776.8K	1.0M	1.1M	1.3M	1.1M
Net Working Capital	(576.1K)	(504.8K)	(1.1M)	261.8K	(825.0K)	(783.7K)
Capital Stock	15.8M	15.8M	15.7M	15.7M	15.6M	12.6M

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