Western Income Tax Expense vs Depreciation And Amortization Analysis

WRN Stock

CAD 1.47 0.03 2.00%

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

Income Tax Expense vs Depreciation And Amortization

Income Tax Expense vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Copper Income Tax Expense account and Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Western Copper's Income Tax Expense and Depreciation And Amortization is -0.15. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Western Copper and, assuming nothing else is changed. The correlation between historical values of Western Copper's Income Tax Expense and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Western Copper and are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Income Tax Expense i.e., Western Copper's Income Tax Expense and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Tax Expense

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Most indicators from Western Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Copper 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 Copper and. 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 Copper's Selling General Administrative is very stable compared to the past year. As of the 30th of January 2025, Enterprise Value is likely to grow to about 239.9 M, while Issuance Of Capital Stock is likely to drop about 23.6 M.

	2022	2023	2024	2025 (projected)
Net Interest Income	584.5K	1.2M	1.4M	1.4M
Interest Income	121.3K	1.2M	1.4M	1.4M

Net Interest Income Interest Income

Western Copper fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Liabilities	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Current Assets	Other Current Liab	Common Stock Total Equity	Common Stock	Net Tangible Assets	Property Plant Equipment
Total Assets		1.0	0.97	-0.65	-0.2	-0.45	0.81	0.01	0.89	0.97	0.79	-0.59	0.81	0.68	0.92	0.43	-0.54	-0.21	-0.39	0.94	0.45	0.05	0.8	0.85	0.82	0.81
Total Stockholder Equity	1.0		0.97	-0.66	-0.19	-0.45	0.81	0.01	0.88	0.97	0.79	-0.59	0.81	0.69	0.92	0.43	-0.55	-0.22	-0.39	0.94	0.44	0.04	0.8	0.85	0.81	0.81
Property Plant And Equipment Net	0.97	0.97		-0.64	-0.09	-0.42	0.79	0.04	0.83	1.0	0.74	-0.41	0.86	0.53	0.96	0.26	-0.52	-0.29	-0.36	0.9	0.27	0.05	0.76	0.83	0.76	0.83
Retained Earnings	-0.65	-0.66	-0.64		-0.18	0.12	-0.72	-0.03	-0.56	-0.64	-0.46	0.32	-0.37	-0.34	-0.42	0.12	0.91	0.66	0.9	-0.54	0.11	0.63	-0.51	-0.49	-0.47	-0.57
Non Currrent Assets Other	-0.2	-0.19	-0.09	-0.18		-0.25	-0.06	-0.08	-0.31	-0.09	-0.33	0.27	-0.25	-0.28	-0.15	-0.52	-0.12	-0.46	-0.17	-0.28	-0.52	-0.34	-0.13	-0.18	-0.25	-0.06
Other Assets	-0.45	-0.45	-0.42	0.12	-0.25		-0.38	-0.22	-0.44	-0.42	-0.43	0.5	-0.23	-0.51	-0.48	-0.43	-0.03	-0.05	-0.1	-0.46	-0.44	-0.32	-0.54	-0.49	-0.52	-0.44
Common Stock Shares Outstanding	0.81	0.81	0.79	-0.72	-0.06	-0.38		-0.04	0.86	0.79	0.86	-0.46	0.61	0.49	0.7	0.39	-0.53	-0.27	-0.48	0.77	0.41	-0.03	0.9	0.93	0.91	0.94
Other Stockholder Equity	0.01	0.01	0.04	-0.03	-0.08	-0.22	-0.04		0.0	0.04	-0.03	0.15	-0.11	-0.14	-0.01	-0.23	-0.19	-0.16	-0.2	0.04	-0.23	-0.2	-0.13	-0.11	-0.09	-0.16
Total Liab	0.89	0.88	0.83	-0.56	-0.31	-0.44	0.86	0.0		0.83	0.98	-0.51	0.79	0.56	0.8	0.55	-0.39	0.09	-0.29	0.93	0.57	0.22	0.79	0.87	0.89	0.85
Property Plant And Equipment Gross	0.97	0.97	1.0	-0.64	-0.09	-0.42	0.79	0.04	0.83		0.74	-0.41	0.86	0.53	0.96	0.26	-0.52	-0.29	-0.36	0.9	0.27	0.05	0.76	0.83	0.76	0.83
Total Current Liabilities	0.79	0.79	0.74	-0.46	-0.33	-0.43	0.86	-0.03	0.98	0.74		-0.47	0.74	0.5	0.73	0.61	-0.25	0.17	-0.18	0.87	0.63	0.33	0.81	0.89	0.92	0.87
Net Debt	-0.59	-0.59	-0.41	0.32	0.27	0.5	-0.46	0.15	-0.51	-0.41	-0.47		-0.2	-0.98	-0.38	-0.74	0.26	0.05	0.19	-0.5	-0.74	-0.07	-0.56	-0.54	-0.56	-0.37
Accounts Payable	0.81	0.81	0.86	-0.37	-0.25	-0.23	0.61	-0.11	0.79	0.86	0.74	-0.2		0.33	0.89	0.26	-0.28	0.03	-0.11	0.86	0.28	0.29	0.56	0.7	0.62	0.71
Cash	0.68	0.69	0.53	-0.34	-0.28	-0.51	0.49	-0.14	0.56	0.53	0.5	-0.98	0.33		0.5	0.72	-0.31	-0.07	-0.2	0.59	0.72	0.08	0.59	0.58	0.58	0.42
Non Current Assets Total	0.92	0.92	0.96	-0.42	-0.15	-0.48	0.7	-0.01	0.8	0.96	0.73	-0.38	0.89	0.5		0.36	-0.27	-0.1	-0.09	0.88	0.38	0.3	0.75	0.83	0.76	0.81
Cash And Short Term Investments	0.43	0.43	0.26	0.12	-0.52	-0.43	0.39	-0.23	0.55	0.26	0.61	-0.74	0.26	0.72	0.36		0.25	0.54	0.31	0.49	1.0	0.61	0.57	0.58	0.67	0.4
Net Receivables	-0.54	-0.55	-0.52	0.91	-0.12	-0.03	-0.53	-0.19	-0.39	-0.52	-0.25	0.26	-0.28	-0.31	-0.27	0.25		0.7	0.97	-0.42	0.24	0.8	-0.27	-0.27	-0.23	-0.31
Short Term Investments	-0.21	-0.22	-0.29	0.66	-0.46	-0.05	-0.27	-0.16	0.09	-0.29	0.17	0.05	0.03	-0.07	-0.1	0.54	0.7		0.72	0.01	0.53	0.77	-0.13	-0.09	0.04	-0.15
Non Current Liabilities Total	-0.39	-0.39	-0.36	0.9	-0.17	-0.1	-0.48	-0.2	-0.29	-0.36	-0.18	0.19	-0.11	-0.2	-0.09	0.31	0.97	0.72		-0.27	0.3	0.87	-0.2	-0.18	-0.15	-0.24
Other Current Assets	0.94	0.94	0.9	-0.54	-0.28	-0.46	0.77	0.04	0.93	0.9	0.87	-0.5	0.86	0.59	0.88	0.49	-0.42	0.01	-0.27		0.51	0.19	0.77	0.82	0.82	0.79
Total Current Assets	0.45	0.44	0.27	0.11	-0.52	-0.44	0.41	-0.23	0.57	0.27	0.63	-0.74	0.28	0.72	0.38	1.0	0.24	0.53	0.3	0.51		0.61	0.59	0.6	0.68	0.42
Other Current Liab	0.05	0.04	0.05	0.63	-0.34	-0.32	-0.03	-0.2	0.22	0.05	0.33	-0.07	0.29	0.08	0.3	0.61	0.8	0.77	0.87	0.19	0.61		0.22	0.28	0.31	0.21
Common Stock Total Equity	0.8	0.8	0.76	-0.51	-0.13	-0.54	0.9	-0.13	0.79	0.76	0.81	-0.56	0.56	0.59	0.75	0.57	-0.27	-0.13	-0.2	0.77	0.59	0.22		0.96	0.97	0.93
Common Stock	0.85	0.85	0.83	-0.49	-0.18	-0.49	0.93	-0.11	0.87	0.83	0.89	-0.54	0.7	0.58	0.83	0.58	-0.27	-0.09	-0.18	0.82	0.6	0.28	0.96		0.97	0.96
Net Tangible Assets	0.82	0.81	0.76	-0.47	-0.25	-0.52	0.91	-0.09	0.89	0.76	0.92	-0.56	0.62	0.58	0.76	0.67	-0.23	0.04	-0.15	0.82	0.68	0.31	0.97	0.97		0.93
Property Plant Equipment	0.81	0.81	0.83	-0.57	-0.06	-0.44	0.94	-0.16	0.85	0.83	0.87	-0.37	0.71	0.42	0.81	0.4	-0.31	-0.15	-0.24	0.79	0.42	0.21	0.93	0.96	0.93

Click cells to compare fundamentals

Western Copper Account Relationship Matchups

Western Copper fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	83.8M	115.5M	114.4M	143.9M	165.5M	173.8M
Total Stockholder Equity	82.6M	112.1M	109.7M	139.4M	160.4M	168.4M
Property Plant And Equipment Net	53.7M	66.8M	89.8M	110.6M	127.2M	133.5M
Retained Earnings	(102.9M)	(106.6M)	(111.6M)	(114.9M)	(103.4M)	(108.6M)
Common Stock Shares Outstanding	114.9M	144.3M	151.5M	159.8M	183.7M	103.7M
Liabilities And Stockholders Equity	83.8M	115.5M	114.4M	143.9M	165.5M	173.8M
Other Stockholder Equity	34.6M	35.5M	37.8M	38.1M	34.3M	44.9M
Total Liab	1.2M	3.4M	4.6M	4.5M	4.0M	3.3M
Property Plant And Equipment Gross	53.7M	66.8M	89.8M	110.6M	127.2M	133.5M
Total Current Liabilities	1.2M	3.2M	4.5M	4.5M	4.0M	2.1M
Net Debt	(28.6M)	(30.3M)	(923.3K)	(25.8M)	(23.2M)	(22.0M)
Accounts Payable	1.2K	2.2K	4.2M	4.3M	4.9M	5.2M
Cash	28.6M	30.7M	1.3M	26.0M	29.9M	31.4M
Non Current Assets Total	53.7M	66.8M	89.8M	110.6M	127.2M	133.5M
Cash And Short Term Investments	29.4M	47.9M	23.1M	32.1M	36.9M	21.7M
Short Term Investments	737.0K	17.2M	21.8M	6.1M	5.5M	8.9M
Other Current Assets	677.9K	860.5K	1.4M	1.3M	1.5M	1.5M
Total Current Assets	30.1M	48.7M	24.6M	33.3M	38.4M	22.2M
Other Current Liab	1.2M	3.0M	4.2M	4.3M	3.8M	2.3M
Common Stock	150.9M	183.2M	183.5M	216.3M	248.7M	146.3M
Net Tangible Assets	50.0M	82.6M	112.1M	109.7M	126.2M	69.8M
Property Plant Equipment	48.4M	53.7M	66.8M	89.8M	103.3M	52.4M
Capital Surpluse	33.9M	34.6M	35.5M	37.8M	43.5M	37.7M
Cash And Equivalents	1.6M	28.6M	30.7M	1.3M	1.5M	1.5M
Net Invested Capital	82.6M	112.1M	109.7M	139.4M	160.4M	91.9M
Net Working Capital	28.9M	45.6M	20.1M	28.9M	33.2M	20.9M
Capital Stock	150.9M	183.2M	183.5M	216.3M	248.7M	176.5M

Pair Trading with Western Copper

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 Western Copper 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 Western Copper will appreciate offsetting losses from the drop in the long position's value.

Moving together with Western Stock

0.61

Ivanhoe Energy

Pair Corr

Moving against Western Stock

0.49	WMT	Walmart Inc CDR	Pair Corr
0.45	AMZN	Amazon CDR Earnings Call Today	Pair Corr
0.36	IBM	International Business	Pair Corr
0.33	FDR	Flinders Resources	Pair Corr

The ability to find closely correlated positions to Western Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Copper 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 Western Copper - 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 Western Copper and to buy it.

The correlation of Western Copper 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 Western Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Copper 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 Western Copper 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 Correlation Correlation Matching

When determining whether Western Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Copper And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Copper And Stock:

How To Invest In Western

Details

Is Western Stock a good investment?

Details

What is Western Copper's Net Worth?

Details

Largest Diversified Metals & Mining Companies

View

Largest Other Industrial Metals & Mining Companies

View

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Copper and. 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

Please note, there is a significant difference between Western Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Copper'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Western Income Tax Expense vs Depreciation And Amortization Analysis

Income Tax Expense vs Depreciation And Amortization

Income Tax Expense vs Depreciation And Amortization Correlation Analysis

Correlation Coefficient

Income Tax Expense

Depreciation And Amortization

Western Copper fundamental ratios Correlations

Western Copper Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Western Copper fundamental ratios Accounts

Pair Trading with Western Copper

Moving together with Western Stock

Moving against Western Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Current Liabilities	+ 0.98	Total Liab
Property Plant And Equipment Net	+ 0.97	Total Assets
Property Plant And Equipment Gross	+ 0.97	Total Assets

Cash	- 0.98	Net Debt
Total Current Assets	- 0.74	Net Debt
Cash And Short Term Investments	- 0.74	Net Debt
Common Stock Shares Outstanding	- 0.72	Retained Earnings
Retained Earnings	- 0.66	Total Stockholder Equity
Retained Earnings	- 0.65	Total Assets