Westshore Free Cash Flow Yield vs Capex To Depreciation Analysis

WTE Stock

CAD 23.66 0.01 0.04%

Westshore Terminals financial indicator trend analysis is more than just analyzing Westshore Terminals current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westshore Terminals is a good investment. Please check the relationship between Westshore Terminals Free Cash Flow Yield and its Capex To Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westshore Terminals 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.

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westshore Terminals Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westshore Terminals' Free Cash Flow Yield and Capex To Depreciation is -0.29. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Westshore Terminals Investment, assuming nothing else is changed. The correlation between historical values of Westshore Terminals' Free Cash Flow Yield and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Westshore Terminals Investment are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Free Cash Flow Yield i.e., Westshore Terminals' Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Westshore Terminals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westshore Terminals 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 Westshore Terminals 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.

At this time, Westshore Terminals' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 9.95, while Selling General Administrative is likely to drop about 12 M.

	2021	2022	2023	2024 (projected)
Gross Profit	172.3M	114.0M	179.6M	169.8M
Total Revenue	340.5M	292.0M	381.0M	304.8M

Gross Profit Total Revenue

Westshore Terminals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Other Current Assets	Short Long Term Debt Total	Retained Earnings	Common Stock Total Equity	Non Current Liabilities Total	Common Stock	Property Plant And Equipment Net	Good Will	Inventory	Property Plant And Equipment Gross	Other Liab
Total Assets		-0.07	0.42	0.75	0.26	0.43	0.81	0.99	0.13	0.81	-0.7	-0.04	0.68	0.82	0.4	0.31	0.5	0.29	0.13	0.68	0.0	0.87	-0.18	0.91	0.82	0.92
Other Current Liab	-0.07		0.24	-0.43	0.27	0.03	-0.02	-0.08	-0.33	-0.02	-0.06	-0.13	0.3	0.03	0.39	-0.57	-0.36	-0.22	0.09	0.29	0.0	-0.08	-0.29	-0.17	0.05	-0.08
Total Current Liabilities	0.42	0.24		0.23	0.19	0.96	0.48	0.42	-0.17	0.48	-0.57	0.04	0.74	0.61	0.85	0.41	0.37	-0.25	0.51	0.66	0.41	0.64	-0.79	0.51	0.67	0.61
Total Stockholder Equity	0.75	-0.43	0.23		-0.18	0.34	0.58	0.77	0.53	0.58	-0.6	-0.14	0.25	0.56	0.13	0.34	0.15	0.49	0.03	0.24	-0.03	0.73	-0.14	0.72	0.66	0.7
Net Debt	0.26	0.27	0.19	-0.18		0.14	0.18	0.28	-0.28	0.18	-0.41	0.0	0.55	0.23	0.38	-0.26	0.53	0.09	-0.24	0.58	-0.27	0.33	-0.2	0.17	0.32	0.2
Accounts Payable	0.43	0.03	0.96	0.34	0.14		0.4	0.44	-0.07	0.4	-0.53	0.03	0.64	0.55	0.82	0.48	0.43	-0.19	0.5	0.55	0.4	0.65	-0.73	0.53	0.64	0.63
Cash	0.81	-0.02	0.48	0.58	0.18	0.4		0.74	-0.06	1.0	-0.76	0.14	0.77	0.98	0.36	0.28	0.45	0.13	0.16	0.77	0.11	0.83	-0.35	0.8	0.83	0.74
Non Current Assets Total	0.99	-0.08	0.42	0.77	0.28	0.44	0.74		0.19	0.74	-0.71	-0.12	0.66	0.76	0.42	0.3	0.48	0.36	0.08	0.67	-0.06	0.87	-0.21	0.88	0.82	0.92
Non Currrent Assets Other	0.13	-0.33	-0.17	0.53	-0.28	-0.07	-0.06	0.19		-0.06	-0.23	-0.66	-0.18	-0.09	-0.07	0.06	-0.22	0.78	-0.55	-0.15	-0.57	0.17	-0.1	-0.04	0.16	0.15
Cash And Short Term Investments	0.81	-0.02	0.48	0.58	0.18	0.4	1.0	0.74	-0.06		-0.76	0.14	0.77	0.98	0.36	0.28	0.45	0.13	0.16	0.77	0.11	0.83	-0.35	0.8	0.83	0.74
Common Stock Shares Outstanding	-0.7	-0.06	-0.57	-0.6	-0.41	-0.53	-0.76	-0.71	-0.23	-0.76		0.29	-0.83	-0.8	-0.61	-0.07	-0.34	-0.48	0.19	-0.84	0.26	-0.92	0.69	-0.57	-0.95	-0.73
Other Stockholder Equity	-0.04	-0.13	0.04	-0.14	0.0	0.03	0.14	-0.12	-0.66	0.14	0.29		-0.08	0.13	-0.18	0.17	0.26	-0.79	0.69	-0.12	0.8	-0.09	0.4	0.31	-0.16	-0.09
Total Liab	0.68	0.3	0.74	0.25	0.55	0.64	0.77	0.66	-0.18	0.77	-0.83	-0.08		0.84	0.78	0.16	0.55	0.08	0.08	0.99	-0.01	0.83	-0.69	0.59	0.87	0.73
Total Current Assets	0.82	0.03	0.61	0.56	0.23	0.55	0.98	0.76	-0.09	0.98	-0.8	0.13	0.84		0.51	0.31	0.5	0.08	0.22	0.83	0.16	0.88	-0.46	0.82	0.88	0.79
Net Receivables	0.4	0.39	0.85	0.13	0.38	0.82	0.36	0.42	-0.07	0.36	-0.61	-0.18	0.78	0.51		0.07	0.36	-0.02	0.18	0.73	0.07	0.62	-0.79	0.35	0.67	0.55
Other Current Assets	0.31	-0.57	0.41	0.34	-0.26	0.48	0.28	0.3	0.06	0.28	-0.07	0.17	0.16	0.31	0.07		0.51	-0.18	0.44	0.11	0.39	0.3	-0.12	0.44	0.24	0.46
Short Long Term Debt Total	0.5	-0.36	0.37	0.15	0.53	0.43	0.45	0.48	-0.22	0.45	-0.34	0.26	0.55	0.5	0.36	0.51		-0.05	0.1	0.54	0.07	0.49	-0.1	0.55	0.43	0.54
Retained Earnings	0.29	-0.22	-0.25	0.49	0.09	-0.19	0.13	0.36	0.78	0.13	-0.48	-0.79	0.08	0.08	-0.02	-0.18	-0.05		-0.84	0.16	-0.88	0.32	-0.16	-0.02	0.33	0.23
Common Stock Total Equity	0.13	0.09	0.51	0.03	-0.24	0.5	0.16	0.08	-0.55	0.16	0.19	0.69	0.08	0.22	0.18	0.44	0.1	-0.84		-0.01	0.97	0.07	0.01	0.43	0.04	0.2
Non Current Liabilities Total	0.68	0.29	0.66	0.24	0.58	0.55	0.77	0.67	-0.15	0.77	-0.84	-0.12	0.99	0.83	0.73	0.11	0.54	0.16	-0.01		-0.11	0.82	-0.65	0.56	0.86	0.71
Common Stock	0.0	0.0	0.41	-0.03	-0.27	0.4	0.11	-0.06	-0.57	0.11	0.26	0.8	-0.01	0.16	0.07	0.39	0.07	-0.88	0.97	-0.11		-0.01	0.08	0.35	-0.05	0.06
Property Plant And Equipment Net	0.87	-0.08	0.64	0.73	0.33	0.65	0.83	0.87	0.17	0.83	-0.92	-0.09	0.83	0.88	0.62	0.3	0.49	0.32	0.07	0.82	-0.01		-0.56	0.81	0.96	0.87
Good Will	-0.18	-0.29	-0.79	-0.14	-0.2	-0.73	-0.35	-0.21	-0.1	-0.35	0.69	0.4	-0.69	-0.46	-0.79	-0.12	-0.1	-0.16	0.01	-0.65	0.08	-0.56		-0.11	-0.64	-0.38
Inventory	0.91	-0.17	0.51	0.72	0.17	0.53	0.8	0.88	-0.04	0.8	-0.57	0.31	0.59	0.82	0.35	0.44	0.55	-0.02	0.43	0.56	0.35	0.81	-0.11		0.73	0.87
Property Plant And Equipment Gross	0.82	0.05	0.67	0.66	0.32	0.64	0.83	0.82	0.16	0.83	-0.95	-0.16	0.87	0.88	0.67	0.24	0.43	0.33	0.04	0.86	-0.05	0.96	-0.64	0.73		0.88
Other Liab	0.92	-0.08	0.61	0.7	0.2	0.63	0.74	0.92	0.15	0.74	-0.73	-0.09	0.73	0.79	0.55	0.46	0.54	0.23	0.2	0.71	0.06	0.87	-0.38	0.87	0.88

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Westshore Terminals Account Relationship Matchups

Westshore Terminals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.3B	1.3B	1.3B	1.5B	835.3M
Other Current Liab	10.6M	16.1M	15.8M	19.5M	37.9M	25.8M
Total Current Liabilities	76.6M	76.5M	75.3M	78.8M	145.5M	152.8M
Total Stockholder Equity	709.8M	740.6M	788.5M	712.7M	729.6M	610.1M
Net Debt	156.7M	84.6M	39.8M	124.5M	113.1M	118.8M
Accounts Payable	56.2M	44.7M	44.6M	45.1M	103.1M	108.2M
Cash	131.9M	201.4M	243.5M	156.0M	164.7M	173.0M
Non Current Assets Total	1.0B	1.0B	1.0B	1.1B	1.3B	725.7M
Non Currrent Assets Other	866K	(104.3M)	(80.3M)	37.3M	28.3M	26.9M
Cash And Short Term Investments	131.9M	201.4M	243.5M	156.0M	164.7M	173.0M
Common Stock Shares Outstanding	69.2M	66.7M	64.7M	63.3M	62.5M	56.6M
Liabilities And Stockholders Equity	1.2B	1.3B	1.3B	1.3B	1.5B	835.3M
Total Liab	497.5M	510.8M	508.4M	546.1M	787.7M	827.1M
Total Current Assets	174.9M	233.8M	278.4M	195.5M	228.8M	240.2M
Net Receivables	24.6M	11.6M	15.2M	19.4M	41.8M	43.9M
Other Current Assets	2.3M	2.6M	1.9M	2.5M	3.7M	2.5M
Short Long Term Debt Total	288.6M	286.0M	283.3M	280.6M	277.9M	235.2M
Retained Earnings	(815.7M)	(715.8M)	(665.2M)	(731.1M)	(707.0M)	(742.4M)
Common Stock Total Equity	1.6B	1.5B	1.5B	1.5B	1.7B	1.4B
Non Current Liabilities Total	420.9M	434.3M	433.1M	467.3M	642.2M	674.3M
Common Stock	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	666.0M	652.0M	632.7M	651.6M	758.2M	796.1M
Inventory	16.1M	18.2M	17.8M	17.6M	18.5M	12.4M
Property Plant And Equipment Gross	666.0M	652.0M	935.0M	972.1M	1.1B	1.2B
Other Liab	134.9M	151.0M	152.5M	189.6M	218.0M	142.3M
Net Tangible Assets	344.3M	375.0M	422.9M	338.4M	389.1M	296.2M
Property Plant Equipment	666.0M	652.0M	632.7M	651.6M	749.4M	508.5M
Current Deferred Revenue	7.1M	13.0M	12.2M	11.4M	1.5M	1.4M
Short Term Debt	2.6M	2.7M	2.7M	2.8M	3.0M	4.2M
Long Term Debt Total	286.0M	283.3M	280.6M	277.7M	319.4M	222.6M
Cash And Equivalents	131.9M	201.4M	243.5M	156.0M	179.4M	148.0M
Net Invested Capital	709.8M	740.6M	788.5M	712.7M	729.6M	777.5M
Net Working Capital	98.3M	157.3M	203.1M	116.8M	83.3M	106.0M
Capital Stock	1.5B	1.5B	1.5B	1.4B	1.4B	1.2B

Pair Trading with Westshore Terminals

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 Westshore Terminals 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 Westshore Terminals will appreciate offsetting losses from the drop in the long position's value.

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

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

Other Information on Investing in Westshore Stock

Balance Sheet is a snapshot of the financial position of Westshore Terminals at a specified time, usually calculated after every quarter, six months, or one year. Westshore Terminals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westshore Terminals 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 Westshore currently owns. An asset can also be divided into two categories, current and non-current.

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Westshore Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Westshore Terminals fundamental ratios Correlations

Westshore Terminals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westshore Terminals fundamental ratios Accounts

Pair Trading with Westshore Terminals

Other Information on Investing in Westshore Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Liab
Total Current Assets	+ 0.98	Cash
Total Current Assets	+ 0.98	Cash And Short Term Investments
Common Stock	+ 0.97	Common Stock Total Equity

Property Plant And Equipment Gross	- 0.95	Common Stock Shares Outstanding
Property Plant And Equipment Net	- 0.92	Common Stock Shares Outstanding
Common Stock	- 0.88	Retained Earnings
Common Stock Total Equity	- 0.84	Retained Earnings
Non Current Liabilities Total	- 0.84	Common Stock Shares Outstanding
Total Liab	- 0.83	Common Stock Shares Outstanding