Westpac Other Non Cash Items vs Free Cash Flow 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 Other Non Cash Items and its Free Cash Flow 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.
Other Non Cash Items vs Free Cash Flow
Other Non Cash Items vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westpac Banking Other Non Cash Items account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.
The correlation between Westpac Banking's Other Non Cash Items and Free Cash Flow is 0.67. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Free Cash Flow 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 Other Non Cash Items and Free Cash Flow 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 Non Cash Items of Westpac Banking are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Other Non Cash Items i.e., Westpac Banking's Other Non Cash Items and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.67 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Non Cash Items
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.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 29, 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.