Weebit Other Current Liab vs Non Current Assets Total Analysis

WBT Stock   2.89  0.09  3.21%   
Weebit Nano financial indicator trend analysis is more than just analyzing Weebit Nano current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Weebit Nano is a good investment. Please check the relationship between Weebit Nano Other Current Liab and its Non Current Assets Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weebit Nano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Current Liab vs Non Current Assets Total

Other Current Liab vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weebit Nano Other Current Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between Weebit Nano's Other Current Liab and Non Current Assets Total is 0.22. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Weebit Nano, assuming nothing else is changed. The correlation between historical values of Weebit Nano's Other Current Liab and Non Current Assets Total 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 Current Liab of Weebit Nano are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Current Liab i.e., Weebit Nano's Other Current Liab and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Liab

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Weebit Nano's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Weebit Nano 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 Weebit Nano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Issuance Of Capital Stock is likely to gain to about 73.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 479 K in 2024.
 2021 2022 2023 (projected)
Research Development22.5M32.4M29.9M
Interest Income197.8K1.3M4.1M

Weebit Nano fundamental ratios Correlations

0.831.0-0.09-0.830.780.99-0.090.810.580.450.740.50.85-0.080.990.970.78-0.91-0.140.80.170.08-0.05-0.07-0.25
0.830.810.22-0.630.820.780.220.610.30.290.680.221.00.230.770.810.97-0.780.140.560.180.21-0.050.15-0.05
1.00.81-0.11-0.840.770.99-0.110.810.580.450.740.510.83-0.10.990.970.76-0.91-0.160.80.170.08-0.04-0.08-0.25
-0.090.22-0.110.240.12-0.241.0-0.24-0.13-0.48-0.01-0.250.21.0-0.24-0.20.220.250.95-0.10.350.690.060.720.61
-0.83-0.63-0.840.24-0.63-0.860.24-1.0-0.45-0.68-0.71-0.66-0.650.24-0.86-0.82-0.580.780.36-0.66-0.130.050.520.250.4
0.780.820.770.12-0.630.750.120.60.220.360.710.220.830.130.740.80.73-0.810.010.360.150.14-0.190.06-0.14
0.990.780.99-0.24-0.860.75-0.240.840.540.520.730.50.8-0.231.00.980.73-0.93-0.290.790.12-0.03-0.07-0.18-0.33
-0.090.22-0.111.00.240.12-0.24-0.24-0.13-0.48-0.01-0.250.21.0-0.24-0.20.220.250.95-0.10.350.690.060.720.61
0.810.610.81-0.24-1.00.60.84-0.240.430.690.70.660.63-0.240.830.790.55-0.76-0.360.630.13-0.05-0.56-0.25-0.4
0.580.30.58-0.13-0.450.220.54-0.130.430.350.430.780.35-0.120.580.550.3-0.49-0.150.540.020.070.04-0.22-0.27
0.450.290.45-0.48-0.680.360.52-0.480.690.350.640.490.31-0.480.520.550.28-0.6-0.670.25-0.21-0.58-0.52-0.7-0.83
0.740.680.74-0.01-0.710.710.73-0.010.70.430.640.350.690.00.730.770.6-0.77-0.230.440.17-0.11-0.29-0.26-0.29
0.50.220.51-0.25-0.660.220.5-0.250.660.780.490.350.26-0.240.530.510.18-0.5-0.280.350.170.13-0.49-0.19-0.28
0.851.00.830.2-0.650.830.80.20.630.350.310.690.260.210.790.830.97-0.80.130.580.190.22-0.050.14-0.06
-0.080.23-0.11.00.240.13-0.231.0-0.24-0.12-0.480.0-0.240.21-0.23-0.190.230.240.95-0.10.350.690.050.720.6
0.990.770.99-0.24-0.860.741.0-0.240.830.580.520.730.530.79-0.230.980.73-0.92-0.280.790.12-0.02-0.07-0.18-0.33
0.970.810.97-0.2-0.820.80.98-0.20.790.550.550.770.510.83-0.190.980.74-0.98-0.270.680.14-0.01-0.1-0.15-0.33
0.780.970.760.22-0.580.730.730.220.550.30.280.60.180.970.230.730.74-0.690.160.590.060.130.020.07-0.13
-0.91-0.78-0.910.250.78-0.81-0.930.25-0.76-0.49-0.6-0.77-0.5-0.80.24-0.92-0.98-0.690.33-0.53-0.110.060.170.20.37
-0.140.14-0.160.950.360.01-0.290.95-0.36-0.15-0.67-0.23-0.280.130.95-0.28-0.270.160.33-0.070.390.750.240.820.71
0.80.560.8-0.1-0.660.360.79-0.10.630.540.250.440.350.58-0.10.790.680.59-0.53-0.070.140.020.22-0.07-0.18
0.170.180.170.35-0.130.150.120.350.130.02-0.210.170.170.190.350.120.140.06-0.110.390.140.52-0.060.540.63
0.080.210.080.690.050.14-0.030.69-0.050.07-0.58-0.110.130.220.69-0.02-0.010.130.060.750.020.52-0.010.930.72
-0.05-0.05-0.040.060.52-0.19-0.070.06-0.560.04-0.52-0.29-0.49-0.050.05-0.07-0.10.020.170.240.22-0.06-0.010.150.24
-0.070.15-0.080.720.250.06-0.180.72-0.25-0.22-0.7-0.26-0.190.140.72-0.18-0.150.070.20.82-0.070.540.930.150.79
-0.25-0.05-0.250.610.4-0.14-0.330.61-0.4-0.27-0.83-0.29-0.28-0.060.6-0.33-0.33-0.130.370.71-0.180.630.720.240.79
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Weebit Nano Account Relationship Matchups

Weebit Nano fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0K4.5M22.2M57.0M89.5M66.0M
Total Current Liabilities369.171.1M1.0M1.7M4.6M3.9M
Total Stockholder Equity1.6K3.3M21.2M55.0M84.8M61.9M
Property Plant And Equipment Net179.8K138.0K717.0K519.6K1.6M2.3M
Net Debt(4.0M)(21.7M)(49.8M)(87.7M)(62.4M)(59.3M)
Accounts Payable92.3K301.8K209.2K253.2K829.5K1.1M
Cash1.7K4.1M21.7M50.2M88.0M62.8M
Non Current Assets Total193.3K188.9K738.2K546.8K1.6M2.3M
Cash And Short Term Investments4.1M21.7M50.2M88.0M62.8M66.0M
Net Receivables221.0K199.6K294.4K6.0M1.0M1.6M
Liabilities And Stockholders Equity4.5M22.2M57.0M89.5M66.0M69.3M
Total Liab369.171.2M1.0M2.0M4.7M4.1M
Property Plant And Equipment Gross179.8K138.0K717.0K519.6K1.9M2.3M
Total Current Assets1.9K4.3M22.0M56.3M89.0M64.4M
Accumulated Other Comprehensive Income6.8M11.9M22.7M33.8M51.7M54.3M
Common Stock31.6K36.1M60.1M110.8M168.5M168.9M
Other Current Liab276.9K739.5K784.6K1.3M3.6M2.6M
Retained Earnings(35.5K)(39.6M)(50.8M)(78.5M)(117.5M)(158.8M)
Property Plant Equipment68.9K179.8K138.0K717.0K519.6K7.6K
Net Tangible Assets1.6M3.3M21.2M55.0M84.8M479.8K
Other Stockholder Equity0.01.0(9.3K)(51.0K)(45.9K)(48.2K)
Short Long Term Debt Total124.3K49.2K414.8K284.7K434.8K324.2K
Inventory(198.59)(294.42)(6.0K)(1.0K)(1.2K)(1.2K)
Other Current Assets199.59294.426.0K1.0K901.96856.86
Other Assets12.8113.5K1.021.2K27.1K0.95
Long Term Debt Total24.5K19.6K348K66.3K76.2K72.0K
Net Invested Capital3.3M21.2M55.0M84.8M61.9M32.0M
Net Working Capital3.2M21.0M54.6M84.3M60.5M31.6M
Long Term Investments13.5K51.0K21.2K27.1K26.7K23.8K
Current Deferred Revenue738.7K(1.0)1.3M3.6M4.1M4.3M
Capital Stock36.1M60.1M110.8M168.5M168.9M105.6M

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