Western Historical Cash Flow
| WRG Stock | CAD 2.60 0.24 8.45% |
Analysis of Western Energy cash flow over time is an excellent tool to project Western Energy Services future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 30.2 M or Change In Working Capital of 2.5 M as it is a great indicator of Western Energy ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Western Energy Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Western Energy Services is a good buy for the upcoming year.
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About Western Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Western balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Western's non-liquid assets can be easily converted into cash.
Western Energy Cash Flow Chart
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Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.Most accounts from Western Energy's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Western Energy Services current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, 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 Western Energy Services. 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. At this time, Western Energy's Free Cash Flow is very stable compared to the past year. As of the 3rd of December 2024, Change In Working Capital is likely to grow to about 2.5 M, though Change In Cash is likely to grow to (2.8 M).
| 2023 | 2024 (projected) | Change To Account Receivables | 523.1K | 465.0K | Stock Based Compensation | 2.8M | 1.9M |
Western Energy cash flow statement Correlations
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Western Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Energy cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 55K | 15.3M | (11.8M) | 1.4M | (2.9M) | (2.8M) | |
| Free Cash Flow | 23.8M | 24.9M | 9.8M | (5.7M) | 28.7M | 30.2M | |
| Change In Working Capital | 7.4M | 5.9M | (6.4M) | (11.4M) | 2.4M | 2.5M | |
| Begin Period Cash Flow | 4.0M | 4.0M | 19.3M | 7.5M | 8.9M | 13.4M | |
| Other Cashflows From Financing Activities | (17.6M) | (17.0M) | (14.7M) | 17.8M | (10.8M) | (11.3M) | |
| Other Non Cash Items | 72.3M | 29.1M | 20.0M | (34.3M) | 12.7M | 9.6M | |
| Capital Expenditures | 8.0M | 2.8M | 6.9M | 34.2M | 22.6M | 27.1M | |
| Total Cash From Operating Activities | 33.1M | 31.7M | 27.7M | 28.5M | 51.4M | 34.5M | |
| Net Income | (81.0M) | (41.3M) | (35.8M) | 29.3M | (7.2M) | (7.6M) | |
| Total Cash From Financing Activities | (22.7M) | (9.4M) | (22.8M) | 1.4M | (28.8M) | (27.4M) | |
| End Period Cash Flow | 4.0M | 19.3M | 7.5M | 8.9M | 5.9M | 5.6M | |
| Depreciation | 63.2M | 48.3M | 42.0M | 40.1M | 42.2M | 36.1M | |
| Stock Based Compensation | 599K | 364K | 281K | 2.0M | 2.8M | 1.9M | |
| Investments | (9.0M) | (3.0M) | (5.7M) | (29.0M) | (25.5M) | (24.2M) | |
| Net Borrowings | (5.1M) | 8.1M | (8.1M) | (16.4M) | (14.7M) | (14.0M) | |
| Total Cashflows From Investing Activities | (9.0M) | (3.0M) | (5.7M) | (29.0M) | (33.3M) | (35.0M) | |
| Change To Operating Activities | 7.4M | 5.9M | (6.4M) | (11.4M) | (10.3M) | (9.7M) | |
| Other Cashflows From Investing Activities | (1.9M) | (770K) | (1.0M) | 5.3M | 6.1M | 6.4M | |
| Change To Netincome | 41.6M | 14.5M | 17.0M | (29.3M) | (26.4M) | (25.1M) |
Pair Trading with Western Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Western Stock
| 0.68 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.6 | CEF | Sprott Physical Gold | PairCorr |
| 0.53 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.53 | ENS-PA | E Split Corp | PairCorr |
| 0.53 | PVF-UN | Partners Value Inves | PairCorr |
The ability to find closely correlated positions to Western Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Energy Services to buy it.
The correlation of Western Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Western Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Western Stock
The Cash Flow Statement is a financial statement that shows how changes in Western balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Western's non-liquid assets can be easily converted into cash.