Forafric Total Assets vs Long Term Debt Analysis

AFRIW Stock

USD 1.09 0.06 5.22%

Forafric Global financial indicator trend analysis is much more than just examining Forafric Global PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forafric Global PLC is a good investment. Please check the relationship between Forafric Global Total Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forafric Global PLC Total Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Forafric Global's Total Assets and Long Term Debt is 0.66. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Forafric Global PLC, assuming nothing else is changed. The correlation between historical values of Forafric Global's Total Assets and Long Term Debt 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 Assets of Forafric Global PLC are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Assets i.e., Forafric Global's Total Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Total Assets

Total assets refers to the total amount of Forafric Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Forafric Global PLC books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Debt

Long-term debt is a debt that Forafric Global PLC has held for over one year. Long-term debt appears on Forafric Global PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Forafric Global PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Forafric Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forafric Global PLC 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Forafric Global's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 64.45 in 2024, despite the fact that Tax Provision is likely to grow to (100.7 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.2M	6.6M	6.1M	6.1M
Interest Income	543K	34K	37K	35.2K

Depreciation And Amortization Interest Income

Forafric Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.52	-0.63	0.98	0.87	0.91	-0.72	-0.88	0.88	0.93	0.94	0.85	-0.92	0.93	0.96	0.81	-0.2	-0.92	0.92	0.05	0.93	-0.3	0.98	0.99	0.97	0.29
Short Long Term Debt Total	-0.52		0.88	-0.48	-0.86	-0.43	0.89	0.27	-0.32	-0.48	-0.46	-0.27	0.8	-0.48	-0.5	-0.58	0.89	0.8	-0.71	0.66	-0.78	0.96	-0.52	-0.54	-0.38	-0.81
Other Current Liab	-0.63	0.88		-0.54	-0.87	-0.62	0.84	0.31	-0.37	-0.44	-0.64	-0.28	0.83	-0.44	-0.58	-0.81	0.86	0.79	-0.88	0.73	-0.78	0.82	-0.6	-0.61	-0.53	-0.92
Total Current Liabilities	0.98	-0.48	-0.54		0.84	0.89	-0.68	-0.9	0.93	0.98	0.91	0.88	-0.89	0.98	0.95	0.72	-0.11	-0.91	0.85	0.16	0.92	-0.25	0.97	0.99	0.97	0.19
Total Stockholder Equity	0.87	-0.86	-0.87	0.84		0.76	-0.92	-0.65	0.66	0.81	0.79	0.63	-0.99	0.81	0.86	0.8	-0.63	-0.99	0.94	-0.35	0.98	-0.72	0.87	0.88	0.77	0.64
Property Plant And Equipment Net	0.91	-0.43	-0.62	0.89	0.76		-0.66	-0.85	0.9	0.78	1.0	0.84	-0.83	0.78	0.76	0.89	-0.19	-0.8	0.88	-0.06	0.82	-0.19	0.82	0.87	0.91	0.3
Net Debt	-0.72	0.89	0.84	-0.68	-0.92	-0.66		0.62	-0.5	-0.66	-0.69	-0.61	0.92	-0.66	-0.67	-0.81	0.7	0.9	-0.82	0.46	-0.88	0.78	-0.7	-0.72	-0.55	-0.61
Retained Earnings	-0.88	0.27	0.31	-0.9	-0.65	-0.85	0.62		-0.88	-0.89	-0.86	-1.0	0.75	-0.89	-0.8	-0.7	-0.1	0.76	-0.67	-0.32	-0.76	0.03	-0.84	-0.87	-0.83	0.1
Accounts Payable	0.88	-0.32	-0.37	0.93	0.66	0.9	-0.5	-0.88		0.89	0.9	0.88	-0.74	0.89	0.77	0.63	0.05	-0.76	0.71	0.25	0.78	-0.04	0.83	0.89	0.93	0.04
Cash	0.93	-0.48	-0.44	0.98	0.81	0.78	-0.66	-0.89	0.89		0.81	0.88	-0.86	1.0	0.93	0.59	-0.06	-0.89	0.75	0.26	0.9	-0.26	0.95	0.97	0.9	0.09
Non Current Assets Total	0.94	-0.46	-0.64	0.91	0.79	1.0	-0.69	-0.86	0.9	0.81		0.85	-0.86	0.81	0.8	0.9	-0.21	-0.84	0.9	-0.06	0.85	-0.22	0.85	0.9	0.93	0.32
Non Currrent Assets Other	0.85	-0.27	-0.28	0.88	0.63	0.84	-0.61	-1.0	0.88	0.88	0.85		-0.73	0.88	0.76	0.67	0.11	-0.74	0.63	0.33	0.74	-0.02	0.8	0.84	0.81	-0.13
Other Assets	-0.92	0.8	0.83	-0.89	-0.99	-0.83	0.92	0.75	-0.74	-0.86	-0.86	-0.73		-0.86	-0.88	-0.84	0.54	0.99	-0.95	0.26	-0.99	0.63	-0.91	-0.92	-0.83	-0.55
Cash And Short Term Investments	0.93	-0.48	-0.44	0.98	0.81	0.78	-0.66	-0.89	0.89	1.0	0.81	0.88	-0.86		0.93	0.59	-0.06	-0.89	0.75	0.26	0.9	-0.26	0.95	0.97	0.9	0.09
Net Receivables	0.96	-0.5	-0.58	0.95	0.86	0.76	-0.67	-0.8	0.77	0.93	0.8	0.76	-0.88	0.93		0.68	-0.18	-0.9	0.86	0.12	0.91	-0.32	0.99	0.97	0.91	0.26
Good Will	0.81	-0.58	-0.81	0.72	0.8	0.89	-0.81	-0.7	0.63	0.59	0.9	0.67	-0.84	0.59	0.68		-0.48	-0.79	0.91	-0.39	0.78	-0.43	0.72	0.75	0.72	0.55
Common Stock Shares Outstanding	-0.2	0.89	0.86	-0.11	-0.63	-0.19	0.7	-0.1	0.05	-0.06	-0.21	0.11	0.54	-0.06	-0.18	-0.48		0.5	-0.54	0.92	-0.48	0.95	-0.19	-0.19	-0.06	-0.94
Non Current Liabilities Total	-0.92	0.8	0.79	-0.91	-0.99	-0.8	0.9	0.76	-0.76	-0.89	-0.84	-0.74	0.99	-0.89	-0.9	-0.79	0.5		-0.92	0.21	-1.0	0.63	-0.92	-0.94	-0.83	-0.51
Inventory	0.92	-0.71	-0.88	0.85	0.94	0.88	-0.82	-0.67	0.71	0.75	0.9	0.63	-0.95	0.75	0.86	0.91	-0.54	-0.92		-0.35	0.93	-0.55	0.88	0.89	0.86	0.64
Other Current Assets	0.05	0.66	0.73	0.16	-0.35	-0.06	0.46	-0.32	0.25	0.26	-0.06	0.33	0.26	0.26	0.12	-0.39	0.92	0.21	-0.35		-0.18	0.76	0.11	0.09	0.15	-0.9
Other Stockholder Equity	0.93	-0.78	-0.78	0.92	0.98	0.82	-0.88	-0.76	0.78	0.9	0.85	0.74	-0.99	0.9	0.91	0.78	-0.48	-1.0	0.93	-0.18		-0.6	0.93	0.95	0.86	0.5
Total Liab	-0.3	0.96	0.82	-0.25	-0.72	-0.19	0.78	0.03	-0.04	-0.26	-0.22	-0.02	0.63	-0.26	-0.32	-0.43	0.95	0.63	-0.55	0.76	-0.6		-0.32	-0.32	-0.14	-0.85
Total Current Assets	0.98	-0.52	-0.6	0.97	0.87	0.82	-0.7	-0.84	0.83	0.95	0.85	0.8	-0.91	0.95	0.99	0.72	-0.19	-0.92	0.88	0.11	0.93	-0.32		0.99	0.94	0.27
Short Term Debt	0.99	-0.54	-0.61	0.99	0.88	0.87	-0.72	-0.87	0.89	0.97	0.9	0.84	-0.92	0.97	0.97	0.75	-0.19	-0.94	0.89	0.09	0.95	-0.32	0.99		0.96	0.27
Intangible Assets	0.97	-0.38	-0.53	0.97	0.77	0.91	-0.55	-0.83	0.93	0.9	0.93	0.81	-0.83	0.9	0.91	0.72	-0.06	-0.83	0.86	0.15	0.86	-0.14	0.94	0.96		0.21
Common Stock	0.29	-0.81	-0.92	0.19	0.64	0.3	-0.61	0.1	0.04	0.09	0.32	-0.13	-0.55	0.09	0.26	0.55	-0.94	-0.51	0.64	-0.9	0.5	-0.85	0.27	0.27	0.21

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Forafric Global Account Relationship Matchups

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Forafric Total Assets vs Long Term Debt Analysis

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Debt

Forafric Global fundamental ratios Correlations

Forafric Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Other Assets
Total Current Assets	+ 0.99	Net Receivables

Other Stockholder Equity	- 1.0	Non Current Liabilities Total
Non Currrent Assets Other	- 1.0	Retained Earnings
Other Stockholder Equity	- 0.99	Other Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Other Assets	- 0.99	Total Stockholder Equity
Inventory	- 0.95	Other Assets