Western Cash vs Cash And Short Term Investments Analysis
WRN Stock | USD 1.55 0.07 4.73% |
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 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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Cash vs Cash And Short Term Investments
Cash 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 Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Western Copper's Cash and Cash And Short Term Investments is 0.71. Overlapping area represents the amount of variation of Cash 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 Cash 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 Cash 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 Cash i.e., Western Copper's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Western Copper's Selling General Administrative is very stable compared to the past year. As of the 17th of May 2024, Enterprise Value is likely to grow to about 268.3 M, while Issuance Of Capital Stock is likely to drop about 22.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 208.0K | 584.5K | 1.2M | 1.2M | Interest Income | 208.0K | 584.5K | 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 | 332.2K | 315.6K | |
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 | 159.8M | 103.7M | |
Liabilities And Stockholders Equity | 50.5M | 83.8M | 115.5M | 114.4M | 143.9M | 74.1M | |
Other Stockholder Equity | 33.9M | 34.6M | 35.5M | 37.8M | 38.1M | 42.6M | |
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 | |
Other Current Liab | 462.2K | 1.2M | 3.0M | 4.2M | 4.3M | 4.5M | |
Total Current Liabilities | 462.6K | 1.2M | 3.2M | 4.5M | 4.5M | 4.7M | |
Net Tangible Assets | 50.0M | 82.6M | 112.1M | 109.7M | 126.2M | 132.5M | |
Net Debt | (1.6M) | (28.6M) | (30.3M) | (923.3K) | (25.8M) | (24.5M) | |
Accounts Payable | 372.79 | 1.2K | 2.2K | 4.2K | 4.3K | 4.1K | |
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 | 32.1M | 21.7M | |
Common Stock Total Equity | 108.0M | 111.9M | 116.9M | 150.9M | 173.5M | 110.4M | |
Short Term Investments | 160.5K | 737.0K | 17.2M | 21.8M | 6.1M | 7.9M | |
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 | 116.9M | 150.9M | 183.2M | 183.5M | 216.3M | 125.9M | |
Property Plant Equipment | 48.4M | 53.7M | 66.8M | 89.8M | 103.3M | 53.6M | |
Capital Surpluse | 33.5M | 33.9M | 34.6M | 35.5M | 40.8M | 35.8M | |
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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When running Western Copper's price analysis, check to measure Western Copper's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Copper is operating at the current time. Most of Western Copper's value examination focuses on studying past and present price action to predict the probability of Western Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Copper's price. Additionally, you may evaluate how the addition of Western Copper to your portfolios can decrease your overall portfolio volatility.
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Is Western Copper's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Copper. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Copper listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (0.02) | Return On Equity (0.03) |
The market value of Western Copper is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Copper's value that differs from its market value or its book value, called intrinsic value, which is Western Copper's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Copper's market value can be influenced by many factors that don't directly affect Western Copper's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.