Westport Historical Balance Sheet

WPRT Stock  CAD 6.50  0.30  4.84%   
Trend analysis of Westport Fuel Systems balance sheet accounts such as Total Assets of 219.4 M, Short Long Term Debt Total of 46 M, Total Current Liabilities of 68.1 M or Total Stockholder Equity of 106.9 M provides information on Westport Fuel's total assets, liabilities, and equity, which is the actual value of Westport Fuel Systems to its prevalent stockholders. By breaking down trends over time using Westport Fuel balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Westport Fuel Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Westport Fuel Systems is a good buy for the upcoming year.

Westport Fuel Inventory

70.91 Million

  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.

About Westport Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Westport Fuel Systems at a specified time, usually calculated after every quarter, six months, or one year. Westport Fuel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westport Fuel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Westport currently owns. An asset can also be divided into two categories, current and non-current.

Westport Fuel Balance Sheet Chart

At this time, Westport Fuel's Net Receivables is very stable compared to the past year. As of the 30th of November 2024, Common Stock Shares Outstanding is likely to grow to about 30.6 M, while Total Assets are likely to drop about 219.4 M.

Total Assets

Total assets refers to the total amount of Westport Fuel 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 Westport Fuel Systems 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.

Total Current Liabilities

Total Current Liabilities is an item on Westport Fuel balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Westport Fuel Systems are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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.
Most accounts from Westport Fuel's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Westport Fuel Systems current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Westport Fuel Systems. 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, Westport Fuel's Net Receivables is very stable compared to the past year. As of the 30th of November 2024, Common Stock Shares Outstanding is likely to grow to about 30.6 M, while Total Assets are likely to drop about 219.4 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total97.9M76.4M82.8M46.0M
Total Assets471.3M407.5M355.7M219.4M

Westport Fuel balance sheet Correlations

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0.70.80.360.470.12-0.440.620.350.770.090.220.280.590.320.90.420.890.120.630.690.250.460.550.36-0.06
0.710.80.330.710.02-0.720.810.320.610.320.440.250.80.40.730.580.960.310.710.650.60.690.760.48-0.08
0.890.360.330.35-0.790.040.090.970.79-0.080.00.960.26-0.40.21-0.150.30.120.880.52-0.010.280.320.550.75
0.580.470.710.350.02-0.850.910.30.420.70.680.260.930.210.480.480.670.80.620.310.530.510.870.52-0.13
-0.550.120.02-0.790.02-0.30.29-0.86-0.40.370.3-0.880.180.380.160.230.070.2-0.59-0.180.04-0.090.08-0.32-0.86
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0.450.620.810.090.910.29-0.910.070.330.670.710.020.940.440.640.670.80.660.480.360.540.570.880.41-0.36
0.860.350.320.970.3-0.860.050.070.75-0.18-0.090.990.19-0.290.24-0.070.310.020.870.510.020.320.250.50.8
0.910.770.610.790.42-0.4-0.230.330.75-0.06-0.010.710.38-0.050.640.140.670.120.810.680.190.370.390.340.46
0.050.090.32-0.080.70.37-0.610.67-0.18-0.060.93-0.180.71-0.020.010.460.220.930.10.110.130.170.70.1-0.37
0.170.220.440.00.680.3-0.620.71-0.09-0.010.93-0.110.78-0.110.120.440.350.790.240.180.110.250.820.32-0.39
0.820.280.250.960.26-0.880.10.020.990.71-0.18-0.110.14-0.320.16-0.090.240.030.820.5-0.030.310.20.440.85
0.550.590.80.260.930.18-0.810.940.190.380.710.780.140.220.520.490.740.70.60.430.480.570.940.6-0.26
-0.080.320.4-0.40.210.38-0.420.44-0.29-0.05-0.02-0.11-0.320.220.450.650.45-0.04-0.090.030.580.220.08-0.16-0.36
0.580.90.730.210.480.16-0.580.640.240.640.010.120.160.520.450.50.890.050.520.380.460.320.540.32-0.23
0.170.420.58-0.150.480.23-0.640.67-0.070.140.460.44-0.090.490.650.50.580.410.170.190.480.190.52-0.13-0.28
0.710.890.960.30.670.07-0.710.80.310.670.220.350.240.740.450.890.580.230.680.590.590.60.720.45-0.14
0.20.120.310.120.80.2-0.620.660.020.120.930.790.030.7-0.040.050.410.230.230.130.180.170.650.14-0.18
0.980.630.710.880.62-0.59-0.340.480.870.810.10.240.820.6-0.090.520.170.680.230.620.30.520.640.720.47
0.670.690.650.520.31-0.18-0.10.360.510.680.110.180.50.430.030.380.190.590.130.620.00.690.350.230.42
0.280.250.6-0.010.530.04-0.680.540.020.190.130.11-0.030.480.580.460.480.590.180.30.00.240.470.3-0.25
0.490.460.690.280.51-0.09-0.420.570.320.370.170.250.310.570.220.320.190.60.170.520.690.240.40.340.19
0.580.550.760.320.870.08-0.780.880.250.390.70.820.20.940.080.540.520.720.650.640.350.470.40.62-0.24
0.630.360.480.550.52-0.32-0.280.410.50.340.10.320.440.6-0.160.32-0.130.450.140.720.230.30.340.620.08
0.49-0.06-0.080.75-0.13-0.860.45-0.360.80.46-0.37-0.390.85-0.26-0.36-0.23-0.28-0.14-0.180.470.42-0.250.19-0.240.08
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Westport Fuel Account Relationship Matchups

Westport Fuel balance sheet Accounts

201920202021202220232024 (projected)
Total Assets279.9M346.3M471.3M407.5M355.7M219.4M
Short Long Term Debt Total66.4M113.4M97.9M76.4M82.8M46.0M
Total Current Liabilities114.6M147.0M146.4M135.5M134.8M68.1M
Total Stockholder Equity89.4M104.1M236.4M204.0M160.4M106.9M
Property Plant And Equipment Net76.4M85.5M93.3M86.4M92.4M97.0M
Net Debt22.7M49.1M(27.0M)(9.8M)28.1M29.5M
Retained Earnings(998.3M)(1.0B)(992.0M)(1.0B)(1.1B)(1.0B)
Accounts Payable60.2M84.6M73.4M72.9M70.6M74.1M
Cash43.7M64.3M124.9M86.2M54.8M54.4M
Non Current Assets Total111.7M128.4M132.7M130.2M139.0M76.3M
Non Currrent Assets Other6.7M11.6M11.6M18.0M31.9M33.5M
Other Assets(1K)13.8M23.3M28.5M32.7M34.4M
Cash And Short Term Investments43.7M64.3M124.9M86.2M54.8M68.1M
Net Receivables67.0M90.5M101.5M101.6M88.1M92.5M
Common Stock Shares Outstanding144.1M137.1M16.2M17.1M17.2M30.6M
Liabilities And Stockholders Equity279.9M346.3M471.3M407.5M355.7M219.4M
Non Current Liabilities Total76.0M95.2M88.4M68.0M60.5M44.4M
Other Stockholder Equity16.9M19.2M11.5M11.5M21.2M20.1M
Total Liab190.6M242.2M234.9M203.5M195.3M112.5M
Property Plant And Equipment Gross76.4M85.5M93.3M86.4M192.7M202.3M
Total Current Assets168.2M217.9M338.6M277.2M216.8M143.2M
Short Term Debt18.0M44.2M28.4M24.2M32.6M16.3M
Other Current Liab67.5M20.4M40.0M34.0M27.4M20.4M
Current Deferred Revenue2.7M8.0M3.5M4.4M2.4M2.1M
Inventory47.8M51.4M83.1M81.6M67.5M70.9M
Other Current Assets9.7M11.8M46.2M28.0M6.4M8.2M
Accumulated Other Comprehensive Income(23.9M)(24.5M)(33.5M)(35.3M)(30.8M)(29.3M)
Intangible Assets13.1M11.8M9.3M7.8M6.8M12.0M
Common Stock Total Equity1.1B1.1B1.1B1.1B1.3B835.8M
Common Stock1.1B1.1B1.2B1.2B1.2B935.5M
Good Will3.1M3.4M3.1M3.0M3.1M2.9M
Other Liab27.5M26.0M19.0M15.7M14.1M21.8M
Net Tangible Assets73.2M88.9M224.0M193.2M222.2M133.2M
Long Term Debt46.6M52.5M44.0M32.2M31.0M36.7M
Long Term Investments10.6M14.0M3.8M4.6M5.4M5.1M
Short Long Term Debt13.0M38.9M23.7M20.8M29.3M20.8M
Property Plant Equipment76.4M85.5M93.3M86.4M99.3M76.7M
Long Term Debt Total47.6M54.2M49.9M36.5M32.9M41.5M

Pair Trading with Westport Fuel

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westport Fuel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westport Fuel will appreciate offsetting losses from the drop in the long position's value.

Moving against Westport Stock

  0.82PIC-A Premium Income SplitPairCorr
  0.54FFH Fairfax FinancialPairCorr
The ability to find closely correlated positions to Westport Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westport Fuel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westport Fuel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westport Fuel Systems to buy it.
The correlation of Westport Fuel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westport Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westport Fuel Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westport Fuel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Westport Fuel Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westport Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westport Fuel Systems Stock. Highlighted below are key reports to facilitate an investment decision about Westport Fuel Systems Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. 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.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Please note, there is a significant difference between Westport Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westport Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westport Fuel'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.