Westpac Long Term Investments vs Short Long Term Debt 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 Long Term Investments and its Short Long Term Debt 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.
Long Term Investments vs Short Long Term Debt
Long Term Investments vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westpac Banking Long Term Investments account and Short Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Westpac Banking's Long Term Investments and Short Long Term Debt is -0.91. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Long Term Debt 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 Long Term Investments and Short 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 Long Term Investments of Westpac Banking are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Investments i.e., Westpac Banking's Long Term Investments and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Long Term Investments
Long Term Investments is an item on the asset side of Westpac Banking balance sheet that represents investments Westpac Banking intends to hold for over a year. Westpac Banking long term investments may include different instruments such as stocks, bonds, real estate and cash.Short Long Term Debt
The total of a company's short-term and long-term borrowings.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
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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.