WPRT Stock | | | USD 4.51 0.08 1.81% |
Westport Fuel financial indicator trend analysis is more than just analyzing Westport Fuel Systems current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westport Fuel Systems is a good investment. Please check the relationship between Westport Fuel Other Stockholder Equity and its Total Current Liabilities accounts. 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 metropolitan statistical area.
Other Stockholder Equity vs Total Current Liabilities
Other Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Westport Fuel Systems Other Stockholder Equity account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Westport Fuel's Other Stockholder Equity and Total Current Liabilities is 0.42. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Westport Fuel Systems, assuming nothing else is changed. The correlation between historical values of Westport Fuel's Other Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Westport Fuel Systems are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Westport Fuel's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Stockholder Equity
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.
Most indicators from Westport Fuel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 metropolitan statistical area.
At this time, Westport Fuel's
Tax Provision is comparatively stable compared to the past year.
Sales General And Administrative To Revenue is likely to gain to 0.21 in 2024, despite the fact that
Discontinued Operations is likely to grow to (160.6
K).
Westport Fuel fundamental ratios Correlations
Click cells to compare fundamentals
Westport Fuel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westport Fuel fundamental ratios Accounts
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Additional Tools for Westport Stock Analysis
When running Westport Fuel's price analysis, check to
measure Westport Fuel'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 Westport Fuel is operating at the current time. Most of Westport Fuel's value examination focuses on studying past and present price action to
predict the probability of Westport Fuel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westport Fuel's price. Additionally, you may evaluate how the addition of Westport Fuel to your portfolios can decrease your overall portfolio volatility.