Westone Total Current Assets vs Long Term Debt Analysis

002268 Stock

17.97 0.48 2.74%

Westone Information financial indicator trend analysis is more than just analyzing Westone Information current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westone Information is a good investment. Please check the relationship between Westone Information Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Westone Information Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westone Information Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westone Information's Total Current Assets and Long Term Debt is -0.49. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Westone Information Industry, assuming nothing else is changed. The correlation between historical values of Westone Information's Total Current Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Westone Information Industry are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Westone Information's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that Westone Information has held for over one year. Long-term debt appears on Westone Information Industry balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Westone Information Industry balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Westone Information's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westone Information 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Westone Information Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 8.1 M, whereas Selling General Administrative is forecasted to decline to about 91.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	282.5M	395.9M	361.7M	379.8M
Total Revenue	2.8B	3.4B	3.1B	3.2B

Operating Income Total Revenue

Westone Information fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		0.1	0.15	0.92	0.99	0.24	0.86	0.66	-0.9	0.94	0.99	0.96	0.98	0.54	-0.08	-0.46	0.95	0.86	0.6	0.44	0.71	0.89	0.95	0.92	1.0	-0.03
Short Long Term Debt Total	0.1		0.11	0.37	-0.01	0.15	0.4	0.09	0.28	0.01	0.14	-0.08	0.27	-0.17	0.0	0.05	-0.1	0.26	-0.12	0.03	-0.11	0.17	-0.03	0.37	0.04	0.94
Other Current Liab	0.15	0.11		0.13	0.14	0.51	0.24	-0.06	-0.13	-0.02	0.16	0.11	0.16	0.09	0.21	0.28	0.08	0.34	-0.05	0.5	0.03	-0.06	0.22	0.14	0.15	-0.08
Total Current Liabilities	0.92	0.37	0.13		0.86	0.3	0.86	0.78	-0.7	0.88	0.94	0.82	0.95	0.54	0.03	-0.39	0.82	0.81	0.55	0.49	0.7	0.83	0.78	1.0	0.9	0.28
Total Stockholder Equity	0.99	-0.01	0.14	0.86		0.19	0.83	0.59	-0.94	0.93	0.97	0.97	0.95	0.51	-0.13	-0.47	0.96	0.84	0.59	0.39	0.69	0.88	0.98	0.86	0.99	-0.14
Other Liab	0.24	0.15	0.51	0.3	0.19		0.24	0.09	-0.14	0.19	0.29	0.17	0.25	0.33	0.3	0.0	0.18	0.39	0.13	0.85	0.0	-0.01	0.18	0.32	0.23	0.11
Property Plant And Equipment Net	0.86	0.4	0.24	0.86	0.83	0.24		0.59	-0.66	0.69	0.83	0.75	0.92	0.18	-0.09	-0.05	0.68	0.95	0.25	0.37	0.67	0.86	0.84	0.85	0.82	0.29
Current Deferred Revenue	0.66	0.09	-0.06	0.78	0.59	0.09	0.59		-0.57	0.67	0.66	0.62	0.67	0.42	0.19	-0.13	0.6	0.49	0.35	0.32	0.88	0.62	0.49	0.78	0.64	0.08
Net Debt	-0.9	0.28	-0.13	-0.7	-0.94	-0.14	-0.66	-0.57		-0.87	-0.86	-0.98	-0.8	-0.49	0.15	0.47	-0.95	-0.67	-0.58	-0.35	-0.72	-0.74	-0.92	-0.7	-0.93	0.41
Retained Earnings	0.94	0.01	-0.02	0.88	0.93	0.19	0.69	0.67	-0.87		0.96	0.93	0.88	0.72	-0.12	-0.66	0.97	0.69	0.8	0.46	0.64	0.77	0.83	0.88	0.95	-0.1
Accounts Payable	0.99	0.14	0.16	0.94	0.97	0.29	0.83	0.66	-0.86	0.96		0.94	0.97	0.62	-0.03	-0.51	0.94	0.84	0.66	0.5	0.66	0.85	0.91	0.94	0.99	0.01
Cash	0.96	-0.08	0.11	0.82	0.97	0.17	0.75	0.62	-0.98	0.93	0.94		0.89	0.5	-0.17	-0.52	0.98	0.74	0.61	0.37	0.73	0.82	0.95	0.82	0.98	-0.21
Non Current Assets Total	0.98	0.27	0.16	0.95	0.95	0.25	0.92	0.67	-0.8	0.88	0.97	0.89		0.46	0.0	-0.37	0.86	0.9	0.49	0.4	0.69	0.92	0.91	0.95	0.95	0.14
Non Currrent Assets Other	0.54	-0.17	0.09	0.54	0.51	0.33	0.18	0.42	-0.49	0.72	0.62	0.5	0.46		0.17	-0.67	0.64	0.29	0.89	0.63	0.21	0.27	0.37	0.56	0.56	-0.24
Other Assets	-0.08	0.0	0.21	0.03	-0.13	0.3	-0.09	0.19	0.15	-0.12	-0.03	-0.17	0.0	0.17		0.18	-0.2	0.05	-0.24	0.12	-0.06	-0.05	-0.15	0.04	-0.12	-0.02
Long Term Debt	-0.46	0.05	0.28	-0.39	-0.47	0.0	-0.05	-0.13	0.47	-0.66	-0.51	-0.52	-0.37	-0.67	0.18		-0.62	-0.06	-0.79	-0.1	0.02	-0.26	-0.35	-0.4	-0.49	0.16
Cash And Short Term Investments	0.95	-0.1	0.08	0.82	0.96	0.18	0.68	0.6	-0.95	0.97	0.94	0.98	0.86	0.64	-0.2	-0.62		0.68	0.76	0.44	0.67	0.76	0.9	0.82	0.97	-0.23
Net Receivables	0.86	0.26	0.34	0.81	0.84	0.39	0.95	0.49	-0.67	0.69	0.84	0.74	0.9	0.29	0.05	-0.06	0.68		0.28	0.49	0.58	0.82	0.86	0.81	0.83	0.16
Short Term Investments	0.6	-0.12	-0.05	0.55	0.59	0.13	0.25	0.35	-0.58	0.8	0.66	0.61	0.49	0.89	-0.24	-0.79	0.76	0.28		0.5	0.23	0.34	0.46	0.56	0.64	-0.21
Non Current Liabilities Total	0.44	0.03	0.5	0.49	0.39	0.85	0.37	0.32	-0.35	0.46	0.5	0.37	0.4	0.63	0.12	-0.1	0.44	0.49	0.5		0.25	0.15	0.33	0.51	0.45	-0.03
Inventory	0.71	-0.11	0.03	0.7	0.69	0.0	0.67	0.88	-0.72	0.64	0.66	0.73	0.69	0.21	-0.06	0.02	0.67	0.58	0.23	0.25		0.71	0.67	0.69	0.71	-0.11
Other Current Assets	0.89	0.17	-0.06	0.83	0.88	-0.01	0.86	0.62	-0.74	0.77	0.85	0.82	0.92	0.27	-0.05	-0.26	0.76	0.82	0.34	0.15	0.71		0.87	0.82	0.86	0.12
Other Stockholder Equity	0.95	-0.03	0.22	0.78	0.98	0.18	0.84	0.49	-0.92	0.83	0.91	0.95	0.91	0.37	-0.15	-0.35	0.9	0.86	0.46	0.33	0.67	0.87		0.78	0.95	-0.18
Total Liab	0.92	0.37	0.14	1.0	0.86	0.32	0.85	0.78	-0.7	0.88	0.94	0.82	0.95	0.56	0.04	-0.4	0.82	0.81	0.56	0.51	0.69	0.82	0.78		0.9	0.27
Total Current Assets	1.0	0.04	0.15	0.9	0.99	0.23	0.82	0.64	-0.93	0.95	0.99	0.98	0.95	0.56	-0.12	-0.49	0.97	0.83	0.64	0.45	0.71	0.86	0.95	0.9		-0.1
Short Term Debt	-0.03	0.94	-0.08	0.28	-0.14	0.11	0.29	0.08	0.41	-0.1	0.01	-0.21	0.14	-0.24	-0.02	0.16	-0.23	0.16	-0.21	-0.03	-0.11	0.12	-0.18	0.27	-0.1

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Westone Information Account Relationship Matchups

Westone Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	6.5B	7.1B	7.6B	7.6B	8.0B
Short Long Term Debt Total	127.7M	195.9M	14.0M	85.4M	78.8M	154.1M
Other Current Liab	11.3M	1.4M	13.0M	156.9M	11.2M	10.7M
Total Current Liabilities	1.3B	1.7B	2.0B	2.2B	2.0B	2.1B
Total Stockholder Equity	4.6B	4.7B	5.0B	5.2B	5.5B	5.8B
Other Liab	39.1M	29.7M	28.2M	54.1M	62.3M	37.9M
Property Plant And Equipment Net	1.5B	1.5B	1.4B	1.5B	1.4B	724.4M
Current Deferred Revenue	93.4M	314.0M	742.2M	489.6M	373.9M	248.5M
Net Debt	(1.4B)	(1.8B)	(2.6B)	(2.0B)	(2.5B)	(2.4B)
Retained Earnings	1.1B	1.2B	1.4B	1.7B	2.0B	2.1B
Accounts Payable	1.1B	1.2B	1.2B	1.5B	1.6B	1.7B
Cash	1.5B	2.0B	2.7B	2.1B	2.6B	2.7B
Non Current Assets Total	1.9B	1.9B	1.9B	2.0B	2.0B	2.1B
Non Currrent Assets Other	62.5M	9.7M	8.7M	721.6M	713.3M	749.0M
Cash And Short Term Investments	1.5B	2.0B	2.7B	2.8B	3.3B	3.4B
Net Receivables	2.2B	2.0B	1.4B	2.0B	2.0B	1.1B
Short Term Investments	(215.4K)	(4.3K)	(6.3M)	700M	805M	845.3M
Liabilities And Stockholders Equity	6.0B	6.5B	7.1B	7.6B	7.6B	8.0B
Non Current Liabilities Total	39.1M	29.7M	34.7M	105.2M	88.1M	44.6M
Inventory	290.5M	475.5M	968.5M	656.6M	333.3M	244.4M
Other Current Assets	70.7M	91.9M	74.5M	51.7M	54.0M	56.7M
Other Stockholder Equity	2.5B	2.5B	2.6B	2.5B	2.5B	2.6B
Total Liab	1.4B	1.8B	2.0B	2.3B	2.1B	2.2B
Total Current Assets	4.1B	4.5B	5.1B	5.6B	5.6B	5.9B
Short Term Debt	127.7M	186.9M	7.5M	34.3M	40.6M	38.6M
Intangible Assets	195.2M	274.2M	263.5M	270.2M	280.8M	294.8M
Property Plant Equipment	1.5B	1.5B	1.4B	1.5B	1.7B	1.8B
Net Tangible Assets	4.5B	4.5B	4.9B	5.1B	5.9B	4.2B
Deferred Long Term Liab	97.8M	103.4M	86.0M	149.5M	171.9M	180.5M
Net Invested Capital	4.6B	4.7B	5.0B	5.2B	5.5B	5.3B
Net Working Capital	2.8B	2.8B	3.1B	3.3B	3.6B	3.3B

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Balance Sheet is a snapshot of the financial position of Westone Information at a specified time, usually calculated after every quarter, six months, or one year. Westone Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westone Information and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Westone currently owns. An asset can also be divided into two categories, current and non-current.

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Westone Total Current Assets vs Long Term Debt Analysis

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Long Term Debt

Westone Information fundamental ratios Correlations

Westone Information Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westone Information fundamental ratios Accounts

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Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Accounts Payable

Cash	- 0.98	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Total Current Assets	- 0.93	Net Debt
Other Stockholder Equity	- 0.92	Net Debt
Net Debt	- 0.9	Total Assets