Western Cash vs Total Current Liabilities Analysis
WRN Stock | CAD 1.82 0.04 2.25% |
Western Copper financial indicator trend analysis is more than just analyzing Western Copper current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Copper is a good investment. Please check the relationship between Western Copper Cash 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 Copper and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Copper Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Western Copper's Cash and Total Current Liabilities is 0.51. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Western Copper and, assuming nothing else is changed. The correlation between historical values of Western Copper's Cash 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 Cash of Western Copper and 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 Cash i.e., Western Copper's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Western Copper, which is listed under current asset account on Western Copper and balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Western Copper customers. The amounts must be unrestricted with restricted cash listed in a different Western Copper account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Current Liabilities
Total Current Liabilities is an item on Western Copper 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 Copper and 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 Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Copper 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 Copper and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. As of the 1st of June 2024, Enterprise Value is likely to grow to about 266.5 M, while Selling General Administrative is likely to drop about 3.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 208.0K | 584.5K | 1.2M | 1.2M | Interest Income | 208.0K | 121.3K | 1.2M | 1.2M |
Western Copper fundamental ratios Correlations
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Western Copper Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Copper fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 50.5M | 83.8M | 115.5M | 114.4M | 143.9M | 74.1M | |
Total Stockholder Equity | 50.0M | 82.6M | 112.1M | 109.7M | 139.4M | 146.4M | |
Property Plant And Equipment Net | 48.4M | 53.7M | 66.8M | 89.8M | 110.6M | 116.1M | |
Retained Earnings | (100.9M) | (102.9M) | (106.6M) | (111.6M) | (114.9M) | (109.2M) | |
Common Stock Shares Outstanding | 104.2M | 114.9M | 144.3M | 151.5M | 166.1M | 104.0M | |
Liabilities And Stockholders Equity | 50.5M | 83.8M | 115.5M | 114.4M | 131.5M | 69.7M | |
Other Stockholder Equity | 33.9M | 34.6M | 35.5M | 37.8M | 34.0M | 45.6M | |
Total Liab | 462.6K | 1.2M | 3.4M | 4.6M | 4.5M | 3.3M | |
Property Plant And Equipment Gross | 48.4M | 53.7M | 66.8M | 89.8M | 110.6M | 116.1M | |
Total Current Liabilities | 462.6K | 1.2M | 3.2M | 4.5M | 4.5M | 4.7M | |
Net Debt | (1.6M) | (28.6M) | (30.3M) | (923.3K) | (831.0K) | (872.5K) | |
Accounts Payable | 372.8K | 1.2M | 2.2M | 4.2M | 4.9M | 5.1M | |
Cash | 1.6M | 28.6M | 30.7M | 1.3M | 26.0M | 27.3M | |
Non Current Assets Total | 48.4M | 53.7M | 66.8M | 89.8M | 110.6M | 59.6M | |
Cash And Short Term Investments | 1.8M | 29.4M | 47.9M | 23.1M | 20.8M | 15.2M | |
Short Term Investments | 160.5K | 737.0K | 17.2M | 21.8M | 6.1M | 8.9M | |
Other Current Assets | 281.5K | 677.9K | 860.5K | 1.4M | 1.3M | 1.3M | |
Total Current Assets | 2.1M | 30.1M | 48.7M | 24.6M | 33.3M | 22.2M | |
Common Stock Total Equity | 108.0M | 111.9M | 116.9M | 150.9M | 173.5M | 123.8M | |
Common Stock | 116.9M | 150.9M | 183.2M | 183.5M | 211.1M | 138.0M | |
Net Tangible Assets | 50.0M | 82.6M | 112.1M | 109.7M | 126.2M | 69.8M | |
Property Plant Equipment | 48.4M | 53.7M | 66.8M | 89.8M | 103.3M | 52.4M | |
Capital Surpluse | 33.9M | 34.6M | 35.5M | 37.8M | 43.5M | 37.7M | |
Cash And Equivalents | 1.6M | 28.6M | 30.7M | 1.3M | 1.5M | 1.5M | |
Net Invested Capital | 50.0M | 82.6M | 112.1M | 109.7M | 139.4M | 91.9M | |
Net Working Capital | 1.6M | 28.9M | 45.6M | 20.1M | 28.9M | 20.9M | |
Capital Stock | 116.9M | 150.9M | 183.2M | 183.5M | 216.3M | 176.5M |
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Try AI Portfolio ArchitectCheck out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Copper and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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