Western Common Stock vs Cash And Short Term Investments Analysis
WRN Stock | CAD 1.59 0.11 6.47% |
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 Common Stock and its Cash And Short Term Investments 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Common Stock vs Cash And Short Term Investments
Common Stock vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Copper Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Western Copper's Common Stock and Cash And Short Term Investments is 0.41. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments 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 Common Stock and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Western Copper and are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock i.e., Western Copper's Common Stock and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Western Copper balance sheet. This account contains Western Copper investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Western Copper and fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 8th 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
Click cells to compare fundamentals
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 ArchitectAdditional Information and Resources on Investing in Western Stock
When determining whether Western Copper offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Copper And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Copper And Stock: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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.