Winpak Historical Balance Sheet
WPK Stock | CAD 50.54 1.15 2.33% |
Trend analysis of Winpak balance sheet accounts such as Total Assets of 1.7 B, Short Long Term Debt Total of 13.1 M, Other Current Liabilities of 43.6 M or Total Current Liabilities of 55.2 M provides information on Winpak's total assets, liabilities, and equity, which is the actual value of Winpak to its prevalent stockholders. By breaking down trends over time using Winpak balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Winpak latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Winpak is a good buy for the upcoming year.
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About Winpak Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Winpak at a specified time, usually calculated after every quarter, six months, or one year. Winpak Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Winpak 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 Winpak currently owns. An asset can also be divided into two categories, current and non-current.
Winpak Balance Sheet Chart
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Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Most accounts from Winpak's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Winpak current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Winpak. 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, Winpak's Net Receivables is very stable compared to the past year. As of the 26th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 1.7 B, while Short and Long Term Debt Total is likely to drop about 13.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Cash | 377.5M | 398.7M | 541.9M | 569.0M | Other Assets | 13.5M | 10.8M | 12.4M | 8.5M |
Winpak balance sheet Correlations
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Winpak Account Relationship Matchups
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Winpak balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.3B | 1.3B | 1.5B | 1.6B | 1.7B | |
Other Current Liab | 32.2M | 28.4M | 28.4M | 55.5M | 41.5M | 43.6M | |
Total Current Liabilities | 71.5M | 68.0M | 97.0M | 124.7M | 93.9M | 55.2M | |
Total Stockholder Equity | 1.0B | 1.1B | 1.1B | 1.2B | 1.4B | 1.4B | |
Property Plant And Equipment Net | 489.3M | 507.5M | 515.2M | 518.6M | 543.4M | 278.7M | |
Current Deferred Revenue | 3.7M | 1.8M | 3.5M | 2.6M | 1.5M | 1.6M | |
Net Debt | (392.3M) | (481.1M) | (364.0M) | (386.1M) | (528.0M) | (501.6M) | |
Retained Earnings | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | |
Accounts Payable | 35.0M | 36.5M | 63.8M | 65.3M | 48.9M | 36.7M | |
Non Current Assets Total | 538.4M | 551.5M | 563.3M | 562.5M | 587.4M | 307.7M | |
Non Currrent Assets Other | 11.1M | 8.1M | 13.5M | 10.8M | 12.2M | 12.8M | |
Net Receivables | 143.1M | 145.9M | 187.2M | 207.6M | 211.9M | 222.5M | |
Liabilities And Stockholders Equity | 1.2B | 1.3B | 1.3B | 1.5B | 1.6B | 1.7B | |
Non Current Liabilities Total | 75.1M | 97.6M | 108.9M | 99.0M | 93.9M | 64.4M | |
Inventory | 130.5M | 135.6M | 187.1M | 288.1M | 219.8M | 230.8M | |
Other Current Assets | 3.2M | 4.3M | 6.7M | 5.6M | 10.5M | 11.0M | |
Other Stockholder Equity | 380K | 834K | (524K) | (972K) | (1.0) | (0.95) | |
Total Liab | 146.6M | 165.6M | 206.0M | 223.7M | 187.8M | 119.6M | |
Property Plant And Equipment Gross | 489.3M | 507.5M | 1.0B | 1.1B | 1.1B | 1.2B | |
Total Current Assets | 674.0M | 781.2M | 758.4M | 900.0M | 984.0M | 1.0B | |
Accumulated Other Comprehensive Income | 380K | 834K | (524K) | (972K) | 1.4M | 1.3M | |
Short Term Debt | 612K | 1.3M | 1.3M | 1.3M | 2.0M | 1.9M | |
Intangible Assets | 18.9M | 17.5M | 16.0M | 14.7M | 13.4M | 10.6M | |
Other Assets | 11.8M | 8.1M | 13.5M | 10.8M | 12.4M | 8.5M | |
Cash | 397.2M | 495.3M | 377.5M | 398.7M | 541.9M | 569.0M | |
Cash And Short Term Investments | 397.2M | 495.3M | 377.5M | 398.7M | 541.9M | 569.0M | |
Other Liab | 70.8M | 84.6M | 96.7M | 87.8M | 100.9M | 79.4M | |
Net Tangible Assets | 997.5M | 1.1B | 1.0B | 1.2B | 1.3B | 927.4M | |
Property Plant Equipment | 489.3M | 507.5M | 515.2M | 518.6M | 596.4M | 480.0M | |
Long Term Debt Total | 4.3M | 13.0M | 12.2M | 11.2M | 12.9M | 13.5M | |
Cash And Equivalents | 377.4M | 480.7M | 358.7M | 363.2M | 417.7M | 370.9M | |
Net Invested Capital | 1.0B | 1.1B | 1.1B | 1.2B | 1.4B | 1.2B | |
Net Working Capital | 602.4M | 713.1M | 661.4M | 775.3M | 890.1M | 730.3M |
Pair Trading with Winpak
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 Winpak 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 Winpak will appreciate offsetting losses from the drop in the long position's value.Moving together with Winpak Stock
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0.77 | FDY | Faraday Copper Corp | PairCorr |
Moving against Winpak Stock
The ability to find closely correlated positions to Winpak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winpak 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 Winpak - 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 Winpak to buy it.
The correlation of Winpak 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 Winpak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winpak 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 Winpak 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.Other Information on Investing in Winpak Stock
Balance Sheet is a snapshot of the financial position of Winpak at a specified time, usually calculated after every quarter, six months, or one year. Winpak Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Winpak 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 Winpak currently owns. An asset can also be divided into two categories, current and non-current.