Western Other Liab vs Other Stockholder Equity Analysis
WES Stock | USD 35.87 0.01 0.03% |
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 Other Liab and its Other Stockholder Equity 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 tightly coupled with the direction of predictive economic indicators such as signals in income.
Other Liab vs Other Stockholder Equity
Other Liab vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Midstream Other Liab account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Western Midstream's Other Liab and Other Stockholder Equity is -0.3. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Stockholder Equity 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 Other Liab and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Western Midstream Partners are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Other Liab i.e., Western Midstream's Other Liab and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Liab
Other Stockholder Equity
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 tightly coupled 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 |
Western Midstream fundamental ratios Correlations
Click cells to compare fundamentals
Western Midstream Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 7.4B | 6.4B | 6.8B | 8.0B | 4.4B | |
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Midstream is a strong investment it is important to analyze Western Midstream's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Midstream's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports: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 tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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Is Western Midstream'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 Midstream. 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 Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.13) | Dividend Share 2.213 | Earnings Share 2.6 | Revenue Per Share 8.11 | Quarterly Revenue Growth 0.101 |
The market value of Western Midstream 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream'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 Midstream's market value can be influenced by many factors that don't directly affect Western Midstream'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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream'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.