Westpac Accounts Payable vs Short Term Investments Analysis
| WBCPM Stock | 106.91 0.29 0.27% |
Westpac Banking financial indicator trend analysis is more than just analyzing Westpac Banking current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westpac Banking is a good investment. Please check the relationship between Westpac Banking Accounts Payable and its Short Term Investments accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Accounts Payable vs Short Term Investments
Accounts Payable vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westpac Banking Accounts Payable account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Westpac Banking's Accounts Payable and Short Term Investments is -0.75. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Westpac Banking, assuming nothing else is changed. The correlation between historical values of Westpac Banking's Accounts Payable 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 Accounts Payable of Westpac Banking are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Westpac Banking's Accounts Payable and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.75 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Westpac Banking obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Westpac Banking are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Short Term Investments
Short Term Investments is an item under the current assets section of Westpac Banking balance sheet. It contains any investments Westpac Banking undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Westpac Banking can easily liquidate in the marketplace.Most indicators from Westpac Banking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westpac Banking 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 Westpac Banking. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. As of November 30, 2024, Tax Provision is expected to decline to about 3 B. In addition to that, Selling General Administrative is expected to decline to about 6.6 B
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 17.2B | 18.3B | 21.1B | 19.0B | Tax Provision | 2.8B | 3.1B | 3.6B | 3.0B |
Westpac Banking fundamental ratios Correlations
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Westpac Banking Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Westpac Stock
Balance Sheet is a snapshot of the financial position of Westpac Banking at a specified time, usually calculated after every quarter, six months, or one year. Westpac Banking Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westpac Banking 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 Westpac currently owns. An asset can also be divided into two categories, current and non-current.