West High Cash And Equivalents vs. Total Debt
| WHYRF Stock | USD 0.18 0.01 5.88% |
For West High profitability analysis, we use financial ratios and fundamental drivers that measure the ability of West High to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well West High Yield utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between West High's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of West High Yield over time as well as its relative position and ranking within its peers.
West |
West High Yield Total Debt vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining West High's current stock value. Our valuation model uses many indicators to compare West High value to that of its competitors to determine the firm's financial worth. West High Yield is rated second in cash and equivalents category among its peers. It is rated third in total debt category among its peers making up about 0.68 of Total Debt per Cash And Equivalents. The ratio of Cash And Equivalents to Total Debt for West High Yield is roughly 1.47 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the West High's earnings, one of the primary drivers of an investment's value.West Total Debt vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
West High |
| = | 2.64 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
West High |
| = | 1.8 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
West Total Debt vs Competition
West High Yield is rated third in total debt category among its peers. Total debt of Materials industry is at this time estimated at about 166.23 Million. West High claims roughly 1.8 Million in total debt contributing just under 2% to all equities under Materials industry.
West High Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in West High, profitability is also one of the essential criteria for including it into their portfolios because, without profit, West High will eventually generate negative long term returns. The profitability progress is the general direction of West High's change in net profit over the period of time. It can combine multiple indicators of West High, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. Resources Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada. West High is traded on OTC Exchange in the United States.
West Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on West High. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of West High position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the West High's important profitability drivers and their relationship over time.
Use West High in pair-trading
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 West High 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 West High will appreciate offsetting losses from the drop in the long position's value.West High Pair Trading
West High Yield Pair Trading Analysis
The ability to find closely correlated positions to West High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West High 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 West High - 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 West High Yield to buy it.
The correlation of West High 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 West High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West High Yield 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 West High 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.Use Investing Themes to Complement your West High position
In addition to having West High in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Banks Thematic Idea Now
Banks
Large and small money and credit banks and credit services. The Banks theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banks Theme or any other thematic opportunities.
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Other Information on Investing in West Pink Sheet
To fully project West High's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of West High Yield at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include West High's income statement, its balance sheet, and the statement of cash flows.