Weebit Total Current Assets vs Other Current Liab 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 Total Current Assets and its Other Current Liab 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.

Total Current Assets vs Other Current Liab

Total Current Assets vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Weebit Nano Total Current Assets account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Weebit Nano's Total Current Assets and Other Current Liab is 0.73. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Liab 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 Total Current Assets and Other Current Liab 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 Weebit Nano are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Current Assets i.e., Weebit Nano's Total Current Assets and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Other Current Liab

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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Weebit Stock Analysis

When running Weebit Nano's price analysis, check to measure Weebit Nano's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Weebit Nano is operating at the current time. Most of Weebit Nano's value examination focuses on studying past and present price action to predict the probability of Weebit Nano's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weebit Nano's price. Additionally, you may evaluate how the addition of Weebit Nano to your portfolios can decrease your overall portfolio volatility.