Western Property Plant Equipment vs Long Term Debt Total Analysis
WES Stock | USD 37.32 0.89 2.44% |
Western Midstream financial indicator trend analysis is more than just analyzing Western Midstream current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Midstream is a good investment. Please check the relationship between Western Midstream Property Plant Equipment and its Long Term Debt Total accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Property Plant Equipment vs Long Term Debt Total
Property Plant Equipment vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Western Midstream Property Plant Equipment account and Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Western Midstream's Property Plant Equipment and Long Term Debt Total is 0.93. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Western Midstream Partners, assuming nothing else is changed. The correlation between historical values of Western Midstream's Property Plant Equipment and Long Term Debt 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 Property Plant Equipment of Western Midstream Partners are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Property Plant Equipment i.e., Western Midstream's Property Plant Equipment and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant Equipment
Long Term Debt Total
Most indicators from Western Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Midstream 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 Western Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. At this time, Western Midstream's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.0B | 2.2B | 1.6B | 1.0B | Total Revenue | 2.9B | 3.3B | 3.1B | 1.7B |
Western Midstream fundamental ratios Correlations
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Western Midstream Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Midstream fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.3B | 11.8B | 11.3B | 11.3B | 12.5B | 6.9B | |
Other Current Liab | 165.3M | 279.9M | 280.4M | 306.6M | 295.7M | 310.5M | |
Total Current Liabilities | 486.0M | 960.9M | 1.1B | 903.9M | 1.3B | 1.4B | |
Total Stockholder Equity | 3.3B | 2.9B | 3.1B | 3.1B | 2.9B | 1.9B | |
Other Liab | 560.6M | 558.0M | 601.1M | 656.8M | 755.3M | 793.0M | |
Accounts Payable | 293.1M | 210.7M | 326.1M | 360.6M | 362.5M | 380.6M | |
Cash | 100.0M | 444.9M | 202.0M | 286.7M | 272.8M | 187.6M | |
Other Assets | 334.2M | 1.4B | 87.0M | 80.8M | 92.9M | 88.3M | |
Other Current Assets | 93K | 17.9M | 1.9M | 6.4M | 35.8M | 37.6M | |
Total Liab | 9.0B | 8.9B | 8.2B | 8.2B | 9.4B | 9.9B | |
Intangible Assets | 809.4M | 776.4M | 744.7M | 713.1M | 681.4M | 494.9M | |
Property Plant Equipment | 9.1B | 8.7B | 8.5B | 8.5B | 9.8B | 10.3B | |
Common Stock Shares Outstanding | 415.8M | 435.6M | 411.3M | 396.2M | 384.4M | 248.2M | |
Property Plant And Equipment Net | 9.1B | 8.7B | 8.5B | 8.5B | 9.7B | 5.6B | |
Net Debt | 7.9B | 7.0B | 6.2B | 6.5B | 7.7B | 8.1B | |
Non Current Assets Total | 11.9B | 10.9B | 10.6B | 10.4B | 11.5B | 7.2B | |
Non Currrent Assets Other | 2.6B | 2.2B | 2.1B | 152.6M | 104.0M | 98.8M | |
Long Term Debt | 8.0B | 7.4B | 6.4B | 6.6B | 7.3B | 3.9B | |
Cash And Short Term Investments | 100.0M | 444.9M | 202.0M | 286.7M | 272.8M | 199.3M | |
Net Receivables | 272.3M | 471.2M | 467.1M | 590.3M | 681.3M | 715.4M | |
Liabilities And Stockholders Equity | 12.3B | 11.8B | 11.3B | 11.3B | 12.5B | 7.4B | |
Non Current Liabilities Total | 8.5B | 8.0B | 7.0B | 7.3B | 8.1B | 4.2B | |
Inventory | 24.4M | 882K | 3.4M | 3.8M | 2.6M | 2.4M | |
Other Stockholder Equity | 149.6M | 134.1M | 137.7M | (1.1B) | 3.0B | 2.4B | |
Total Current Assets | 402.4M | 943.1M | 684.8M | 900.4M | 992.4M | 1.0B | |
Short Long Term Debt Total | 8.0B | 7.4B | 6.4B | 6.8B | 8.0B | 4.4B | |
Noncontrolling Interest In Consolidated Entity | 2.6B | 149.6M | 134.1M | 137.7M | 158.3M | 150.4M | |
Short Term Investments | 566.2M | 845.3M | 1.3B | 1.2B | 1.4B | 1.5B | |
Deferred Long Term Liab | 18.9M | 22.2M | 12.4M | 14.4M | 16.6M | 9.0M | |
Common Stock | 3.2B | 2.8B | 3.0B | 3.0B | 2.9B | 2.1B | |
Net Tangible Assets | 1.9B | 2.1B | 2.2B | 2.4B | 2.7B | 2.3B | |
Long Term Debt Total | 8.0B | 7.4B | 6.4B | 6.6B | 7.6B | 5.4B | |
Long Term Investments | 1.5B | 1.2B | 1.2B | 944.7M | 904.5M | 1.1B | |
Property Plant And Equipment Gross | 9.1B | 8.7B | 12.8B | 13.4B | 14.9B | 9.1B | |
Non Current Liabilities Other | 544.7M | 535.9M | 325.8M | 675.7M | 480.2M | 404.8M | |
Accumulated Depreciation | (3.3B) | (3.9B) | (4.3B) | (4.8B) | (4.3B) | (4.6B) |
Pair Trading with Western Midstream
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 Midstream 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 Midstream will appreciate offsetting losses from the drop in the long position's value.Moving together with Western Stock
0.96 | AM | Antero Midstream Partners | PairCorr |
0.8 | EE | Excelerate Energy | PairCorr |
0.82 | ET | Energy Transfer LP Aggressive Push | PairCorr |
The ability to find closely correlated positions to Western Midstream 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 Midstream 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 Midstream - 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 Midstream Partners to buy it.
The correlation of Western Midstream 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 Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Midstream 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 Midstream 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.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Western Midstream information on this page should be used as a complementary analysis to other Western Midstream's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Western Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Midstream. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.841 | Dividend Share 2.588 | Earnings Share 3.55 | Revenue Per Share 8.536 | Quarterly Revenue Growth 0.209 |
The market value of Western Midstream is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Midstream's value that differs from its market value or its book value, called intrinsic value, which is Western Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Midstream's market value can be influenced by many factors that don't directly affect Western Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.