Wellchange Net Working Capital vs Total Current Liabilities Analysis
WCT Stock | 0.21 0 0.76% |
Wellchange Holdings financial indicator trend analysis is more than just analyzing Wellchange Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wellchange Holdings is a good investment. Please check the relationship between Wellchange Holdings Net Working Capital and its Total Current Liabilities accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wellchange Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private. For more information on how to buy Wellchange Stock please use our How to Invest in Wellchange Holdings guide.
Net Working Capital vs Total Current Liabilities
Net Working Capital vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wellchange Holdings Net Working Capital account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wellchange Holdings' Net Working Capital and Total Current Liabilities is 0.61. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Wellchange Holdings, assuming nothing else is changed. The correlation between historical values of Wellchange Holdings' Net Working Capital and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Wellchange Holdings are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Working Capital i.e., Wellchange Holdings' Net Working Capital and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.61 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Working Capital
Total Current Liabilities
Total Current Liabilities is an item on Wellchange Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Wellchange Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Wellchange Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wellchange Holdings 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 Wellchange Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private. For more information on how to buy Wellchange Stock please use our How to Invest in Wellchange Holdings guide.Issuance Of Capital Stock is likely to gain to about 4.2 M in 2025, despite the fact that Tax Provision is likely to grow to (50.5 K).
2022 | 2023 | 2024 | 2025 (projected) | Depreciation And Amortization | 95.5K | 186.8K | 300.6K | 169.7K | Interest Income | 346.0 | 748.0 | 1.8K | 1.4K |
Wellchange Holdings fundamental ratios Correlations
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Wellchange Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Wellchange Stock Analysis
When running Wellchange Holdings' price analysis, check to measure Wellchange Holdings' 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 Wellchange Holdings is operating at the current time. Most of Wellchange Holdings' value examination focuses on studying past and present price action to predict the probability of Wellchange Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellchange Holdings' price. Additionally, you may evaluate how the addition of Wellchange Holdings to your portfolios can decrease your overall portfolio volatility.