Water Total Liab vs Short Long Term Debt Analysis

WWT Stock  CAD 0.01  0.01  100.00%   
Water Ways financial indicator trend analysis is more than just analyzing Water Ways Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Water Ways Technologies is a good investment. Please check the relationship between Water Ways Total Liab and its Short Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Water Ways Technologies. 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.

Total Liab vs Short Long Term Debt

Total Liab vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Water Ways Technologies Total Liab account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Water Ways' Total Liab and Short Long Term Debt is 0.74. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Water Ways Technologies, assuming nothing else is changed. The correlation between historical values of Water Ways' Total Liab and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Water Ways Technologies are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Liab i.e., Water Ways' Total Liab and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Water Ways' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Water Ways Technologies 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 Water Ways Technologies. 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.
Selling General Administrative is likely to drop to about 1.3 M in 2024. Tax Provision is likely to climb to about (45.6 K) in 2024
 2021 2022 2023 2024 (projected)
Reconciled Depreciation194K262K265K206.1K
Depreciation And Amortization194K262K301.3K184.8K

Water Ways fundamental ratios Correlations

0.920.260.290.750.790.950.740.950.940.99-0.560.80.340.690.25-0.430.640.20.80.840.720.710.80.710.75
0.920.070.560.730.60.910.740.890.950.91-0.720.910.580.840.28-0.520.760.110.90.870.870.850.870.690.47
0.260.070.230.09-0.080.17-0.370.37-0.060.280.520.06-0.17-0.23-0.230.58-0.01-0.330.1-0.030.080.07-0.090.730.3
0.290.560.230.25-0.280.350.060.340.30.3-0.360.670.750.570.0-0.10.46-0.20.670.420.740.720.480.67-0.31
0.750.730.090.250.550.730.540.740.740.74-0.440.580.180.510.1-0.360.550.050.630.560.530.530.570.480.51
0.790.6-0.08-0.280.550.70.860.660.80.78-0.540.490.060.510.28-0.540.350.480.410.680.30.290.60.210.9
0.950.910.170.350.730.70.70.870.930.91-0.60.820.420.70.26-0.570.620.280.730.840.730.710.730.670.63
0.740.74-0.370.060.540.860.70.60.880.74-0.870.730.450.830.32-0.740.470.520.620.810.510.510.790.180.61
0.950.890.370.340.740.660.870.60.860.96-0.390.690.220.560.22-0.20.65-0.110.760.690.660.640.680.750.68
0.940.95-0.060.30.740.80.930.880.860.93-0.770.850.470.830.33-0.640.670.290.80.890.740.730.860.520.64
0.990.910.280.30.740.780.910.740.960.93-0.540.790.330.690.24-0.370.620.150.810.830.70.690.80.720.76
-0.56-0.720.52-0.36-0.44-0.54-0.6-0.87-0.39-0.77-0.54-0.81-0.75-0.94-0.330.87-0.57-0.55-0.67-0.82-0.7-0.69-0.84-0.17-0.22
0.80.910.060.670.580.490.820.730.690.850.79-0.810.810.950.22-0.610.640.360.870.920.880.870.90.70.36
0.340.58-0.170.750.180.060.420.450.220.470.33-0.750.810.820.37-0.530.350.390.620.730.730.710.690.42-0.12
0.690.84-0.230.570.510.510.70.830.560.830.69-0.940.950.820.23-0.720.590.430.820.880.80.790.890.460.28
0.250.28-0.230.00.10.280.260.320.220.330.24-0.330.220.370.23-0.220.10.20.090.490.240.230.330.010.2
-0.43-0.520.58-0.1-0.36-0.54-0.57-0.74-0.2-0.64-0.370.87-0.61-0.53-0.72-0.22-0.47-0.74-0.42-0.68-0.53-0.52-0.640.01-0.22
0.640.76-0.010.460.550.350.620.470.650.670.62-0.570.640.350.590.1-0.47-0.050.710.590.860.850.740.520.26
0.20.11-0.33-0.20.050.480.280.52-0.110.290.15-0.550.360.390.430.2-0.74-0.050.040.510.130.130.35-0.090.35
0.80.90.10.670.630.410.730.620.760.80.81-0.670.870.620.820.09-0.420.710.040.780.880.890.90.680.29
0.840.87-0.030.420.560.680.840.810.690.890.83-0.820.920.730.880.49-0.680.590.510.780.810.810.930.580.54
0.720.870.080.740.530.30.730.510.660.740.7-0.70.880.730.80.24-0.530.860.130.880.811.00.890.710.2
0.710.850.070.720.530.290.710.510.640.730.69-0.690.870.710.790.23-0.520.850.130.890.811.00.90.690.19
0.80.87-0.090.480.570.60.730.790.680.860.8-0.840.90.690.890.33-0.640.740.350.90.930.890.90.560.44
0.710.690.730.670.480.210.670.180.750.520.72-0.170.70.420.460.010.010.52-0.090.680.580.710.690.560.39
0.750.470.3-0.310.510.90.630.610.680.640.76-0.220.36-0.120.280.2-0.220.260.350.290.540.20.190.440.39
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Water Ways Account Relationship Matchups

Water Ways fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.5M7.9M12.1M9.2M4.4M3.1M
Total Current Liabilities4.7M5.5M6.1M4.8M4.6M4.8M
Total Stockholder Equity1.7M543K(831K)1.7M(1.3M)(1.2M)
Accounts Payable2.7M3.7M4.3M2.7M2.2M2.1M
Cash237K319K2.6M1.1M199K189.1K
Net Receivables4.3M3.9M5.1M2.9M1.3M1.5M
Total Liab4.8M7.4M12.9M7.5M6.1M6.4M
Total Current Assets5.5M5.5M9.7M6.9M3.7M2.5M
Retained Earnings(1.3M)(2.5M)(7.9M)(5.8M)(9.0M)(8.6M)
Other Current Assets176K205K66K711K817.7K858.5K
Other Current Liab269K278K500K228K262.2K323.6K
Net Tangible Assets2.6M1.2M(1.5M)(2.7M)(2.4M)(2.3M)
Other Assets18K274K190K164K188.6K134.4K
Long Term Debt116K265K489K645K412K394.2K
Inventory852K1.0M2.0M2.2M1.7M1.3M
Short Long Term Debt1.7M1.4M885K1.7M1.9M1.2M
Short Term Debt1.7M1.4M903K1.8M2.0M1.1M
Property Plant Equipment212K298K243K361K415.2K265.8K

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