Western Net Receivables vs Total Current Liabilities Analysis

WES Stock

USD 39.00 0.63 1.59%

Western Midstream financial indicator trend analysis is more than just analyzing Western Midstream current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Midstream is a good investment. Please check the relationship between Western Midstream Net Receivables and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Receivables vs Total Current Liabilities

Net Receivables vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Midstream Net Receivables account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Western Midstream's Net Receivables and Total Current Liabilities is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Western Midstream Partners, assuming nothing else is changed. The correlation between historical values of Western Midstream's Net Receivables and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Western Midstream Partners are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Western Midstream's Net Receivables and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Total Current Liabilities

Total Current Liabilities is an item on Western Midstream balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Western Midstream Partners are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Western Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Midstream 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 Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Western Midstream's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.0B	2.2B	1.6B	1.0B
Total Revenue	2.9B	3.3B	3.1B	1.7B

Gross Profit Total Revenue

Western Midstream fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Good Will	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Common Stock Shares Outstanding	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Current Assets	Short Long Term Debt Total
Total Assets		0.68	0.71	0.34	0.78	0.77	0.27	0.46	0.11	0.11	0.87	0.79	0.89	0.91	0.99	0.88	1.0	0.58	0.97	0.24	0.72	0.97	0.45	-0.17	0.64	0.93
Other Current Liab	0.68		0.88	0.2	0.79	0.67	0.57	0.31	-0.46	0.49	0.83	0.29	0.82	0.74	0.73	0.79	0.67	0.31	0.71	0.57	0.9	0.72	-0.08	-0.35	0.94	0.67
Total Current Liabilities	0.71	0.88		0.15	0.86	0.82	0.32	0.27	-0.44	0.66	0.91	0.4	0.9	0.71	0.78	0.89	0.72	0.28	0.75	0.32	0.97	0.76	-0.03	-0.3	0.9	0.69
Total Stockholder Equity	0.34	0.2	0.15		-0.04	0.03	0.19	0.07	0.14	-0.1	0.2	0.43	0.27	0.46	0.31	0.22	0.33	0.26	0.26	0.18	0.22	0.24	0.25	0.31	0.23	0.44
Other Liab	0.78	0.79	0.86	-0.04		0.83	0.15	0.26	-0.14	0.46	0.91	0.55	0.9	0.7	0.81	0.91	0.8	0.32	0.81	0.14	0.88	0.82	0.16	-0.3	0.75	0.74
Accounts Payable	0.77	0.67	0.82	0.03	0.83		0.05	0.21	-0.04	0.36	0.86	0.54	0.87	0.64	0.81	0.86	0.8	0.26	0.78	0.04	0.79	0.78	0.35	-0.19	0.64	0.79
Cash	0.27	0.57	0.32	0.19	0.15	0.05		0.46	-0.38	0.24	0.27	0.01	0.24	0.38	0.27	0.21	0.21	0.17	0.27	1.0	0.33	0.28	-0.31	-0.17	0.65	0.25
Other Assets	0.46	0.31	0.27	0.07	0.26	0.21	0.46		-0.02	0.11	0.41	0.35	0.37	0.47	0.45	0.4	0.45	0.58	0.51	0.46	0.24	0.49	0.09	-0.19	0.36	0.48
Good Will	0.11	-0.46	-0.44	0.14	-0.14	-0.04	-0.38	-0.02		-0.58	-0.18	0.52	-0.09	-0.12	0.0	-0.12	0.12	0.05	-0.03	-0.41	-0.4	-0.05	0.65	0.64	-0.48	0.17
Other Current Assets	0.11	0.49	0.66	-0.1	0.46	0.36	0.24	0.11	-0.58		0.47	-0.11	0.43	0.13	0.2	0.46	0.13	-0.2	0.2	0.27	0.66	0.22	-0.34	-0.16	0.66	0.17
Total Liab	0.87	0.83	0.91	0.2	0.91	0.86	0.27	0.41	-0.18	0.47		0.58	0.99	0.84	0.91	1.0	0.89	0.51	0.92	0.26	0.92	0.92	0.31	-0.35	0.83	0.84
Intangible Assets	0.79	0.29	0.4	0.43	0.55	0.54	0.01	0.35	0.52	-0.11	0.58		0.64	0.59	0.72	0.61	0.8	0.37	0.68	-0.03	0.44	0.67	0.46	0.25	0.32	0.81
Property Plant Equipment	0.89	0.82	0.9	0.27	0.9	0.87	0.24	0.37	-0.09	0.43	0.99	0.64		0.84	0.92	0.99	0.91	0.46	0.9	0.23	0.91	0.9	0.34	-0.21	0.81	0.86
Common Stock Shares Outstanding	0.91	0.74	0.71	0.46	0.7	0.64	0.38	0.47	-0.12	0.13	0.84	0.59	0.84		0.93	0.84	0.9	0.69	0.93	0.36	0.71	0.92	0.34	-0.32	0.69	0.82
Property Plant And Equipment Net	0.99	0.73	0.78	0.31	0.81	0.81	0.27	0.45	0.0	0.2	0.91	0.72	0.92	0.93		0.91	0.99	0.58	0.99	0.24	0.78	0.99	0.41	-0.25	0.69	0.92
Net Debt	0.88	0.79	0.89	0.22	0.91	0.86	0.21	0.4	-0.12	0.46	1.0	0.61	0.99	0.84	0.91		0.9	0.51	0.92	0.2	0.9	0.92	0.37	-0.31	0.79	0.85
Non Current Assets Total	1.0	0.67	0.72	0.33	0.8	0.8	0.21	0.45	0.12	0.13	0.89	0.8	0.91	0.9	0.99	0.9		0.59	0.97	0.18	0.73	0.97	0.48	-0.17	0.63	0.94
Non Currrent Assets Other	0.58	0.31	0.28	0.26	0.32	0.26	0.17	0.58	0.05	-0.2	0.51	0.37	0.46	0.69	0.58	0.51	0.59		0.66	0.15	0.21	0.64	0.51	-0.43	0.21	0.52
Long Term Debt	0.97	0.71	0.75	0.26	0.81	0.78	0.27	0.51	-0.03	0.2	0.92	0.68	0.9	0.93	0.99	0.92	0.97	0.66		0.25	0.75	1.0	0.45	-0.35	0.68	0.9
Cash And Short Term Investments	0.24	0.57	0.32	0.18	0.14	0.04	1.0	0.46	-0.41	0.27	0.26	-0.03	0.23	0.36	0.24	0.2	0.18	0.15	0.25		0.33	0.26	-0.34	-0.19	0.65	0.22
Net Receivables	0.72	0.9	0.97	0.22	0.88	0.79	0.33	0.24	-0.4	0.66	0.92	0.44	0.91	0.71	0.78	0.9	0.73	0.21	0.75	0.33		0.76	-0.01	-0.29	0.93	0.72
Non Current Liabilities Total	0.97	0.72	0.76	0.24	0.82	0.78	0.28	0.49	-0.05	0.22	0.92	0.67	0.9	0.92	0.99	0.92	0.97	0.64	1.0	0.26	0.76		0.42	-0.37	0.69	0.89
Inventory	0.45	-0.08	-0.03	0.25	0.16	0.35	-0.31	0.09	0.65	-0.34	0.31	0.46	0.34	0.34	0.41	0.37	0.48	0.51	0.45	-0.34	-0.01	0.42		0.05	-0.14	0.47
Other Stockholder Equity	-0.17	-0.35	-0.3	0.31	-0.3	-0.19	-0.17	-0.19	0.64	-0.16	-0.35	0.25	-0.21	-0.32	-0.25	-0.31	-0.17	-0.43	-0.35	-0.19	-0.29	-0.37	0.05		-0.3	-0.03
Total Current Assets	0.64	0.94	0.9	0.23	0.75	0.64	0.65	0.36	-0.48	0.66	0.83	0.32	0.81	0.69	0.69	0.79	0.63	0.21	0.68	0.65	0.93	0.69	-0.14	-0.3		0.64
Short Long Term Debt Total	0.93	0.67	0.69	0.44	0.74	0.79	0.25	0.48	0.17	0.17	0.84	0.81	0.86	0.82	0.92	0.85	0.94	0.52	0.9	0.22	0.72	0.89	0.47	-0.03	0.64

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Western Midstream Account Relationship Matchups

Western Midstream fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.3B	11.8B	11.3B	11.3B	12.5B	6.9B
Other Current Liab	165.3M	279.9M	280.4M	306.6M	295.7M	310.5M
Total Current Liabilities	486.0M	960.9M	1.1B	903.9M	1.3B	1.4B
Total Stockholder Equity	3.3B	2.9B	3.1B	3.1B	2.9B	1.9B
Other Liab	560.6M	558.0M	601.1M	656.8M	755.3M	793.0M
Accounts Payable	293.1M	210.7M	326.1M	360.6M	362.5M	380.6M
Cash	100.0M	444.9M	202.0M	286.7M	272.8M	187.6M
Other Assets	334.2M	1.4B	87.0M	80.8M	92.9M	88.3M
Other Current Assets	93K	17.9M	1.9M	6.4M	35.8M	37.6M
Total Liab	9.0B	8.9B	8.2B	8.2B	9.4B	9.9B
Intangible Assets	809.4M	776.4M	744.7M	713.1M	681.4M	494.9M
Property Plant Equipment	9.1B	8.7B	8.5B	8.5B	9.8B	10.3B
Common Stock Shares Outstanding	415.8M	435.6M	411.3M	396.2M	384.4M	248.2M
Property Plant And Equipment Net	9.1B	8.7B	8.5B	8.5B	9.7B	5.6B
Net Debt	7.9B	7.0B	6.2B	6.5B	7.7B	8.1B
Non Current Assets Total	11.9B	10.9B	10.6B	10.4B	11.5B	7.2B
Non Currrent Assets Other	2.6B	2.2B	2.1B	152.6M	104.0M	98.8M
Long Term Debt	8.0B	7.4B	6.4B	6.6B	7.3B	3.9B
Cash And Short Term Investments	100.0M	444.9M	202.0M	286.7M	272.8M	199.3M
Net Receivables	272.3M	471.2M	467.1M	590.3M	681.3M	715.4M
Liabilities And Stockholders Equity	12.3B	11.8B	11.3B	11.3B	12.5B	7.4B
Non Current Liabilities Total	8.5B	8.0B	7.0B	7.3B	8.1B	4.2B
Inventory	24.4M	882K	3.4M	3.8M	2.6M	2.4M
Other Stockholder Equity	149.6M	134.1M	137.7M	(1.1B)	3.0B	2.4B
Total Current Assets	402.4M	943.1M	684.8M	900.4M	992.4M	1.0B
Short Long Term Debt Total	8.0B	7.9B	6.9B	6.8B	8.0B	5.3B
Noncontrolling Interest In Consolidated Entity	2.6B	149.6M	134.1M	137.7M	158.3M	150.4M
Short Term Investments	566.2M	845.3M	1.3B	1.2B	1.4B	1.5B
Deferred Long Term Liab	18.9M	22.2M	12.4M	14.4M	16.6M	9.0M
Common Stock	3.2B	2.8B	3.0B	3.0B	2.9B	2.1B
Net Tangible Assets	1.9B	2.1B	2.2B	2.4B	2.7B	2.3B
Long Term Debt Total	8.0B	7.4B	6.4B	6.6B	7.6B	5.4B
Long Term Investments	1.5B	1.2B	1.2B	944.7M	904.5M	1.1B
Property Plant And Equipment Gross	9.1B	8.7B	12.8B	13.4B	14.9B	9.1B
Non Current Liabilities Other	544.7M	535.9M	325.8M	675.7M	480.2M	404.8M
Accumulated Depreciation	(3.3B)	(3.9B)	(4.3B)	(4.8B)	(4.3B)	(4.6B)

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