| WRG Stock | | | CAD 2.69 0.11 4.26% |
Western Energy financial indicator trend analysis is more than just analyzing Western Energy Services current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Energy Services is a good investment. Please check the relationship between Western Energy Short Long Term Debt Total and its Total Stockholder Equity accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Energy Services. 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.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Western Energy Services Short Long Term Debt Total account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Energy's Short Long Term Debt Total and Total Stockholder Equity is 0.62. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Western Energy Services, assuming nothing else is changed. The correlation between historical values of Western Energy's Short Long Term Debt Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Western Energy Services are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Long Term Debt Total i.e., Western Energy's Short Long Term Debt Total and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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.
Most indicators from Western Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Energy Services 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 Energy Services. 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, Western Energy's
Enterprise Value Over EBITDA is very stable compared to the past year. As of the 24th of November 2024,
Enterprise Value Multiple is likely to grow to 4.90, while
Selling General Administrative is likely to drop about 14.8
M.
Balance Sheet is a snapshot of the
financial position of Western Energy Services at a specified time, usually calculated after every quarter, six months, or one year. Western Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Western Energy 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 Western currently owns. An asset can also be divided into two categories, current and non-current.