Fairchem Total Current Liabilities vs Net Debt Analysis
FAIRCHEMOR | 1,164 30.10 2.52% |
Fairchem Organics financial indicator trend analysis is much more than just examining Fairchem Organics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fairchem Organics is a good investment. Please check the relationship between Fairchem Organics Total Current Liabilities and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fairchem Organics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Total Current Liabilities vs Net Debt
Total Current Liabilities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fairchem Organics Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fairchem Organics' Total Current Liabilities and Net Debt is 0.88. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Fairchem Organics Limited, assuming nothing else is changed. The correlation between historical values of Fairchem Organics' Total Current Liabilities and Net 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 Current Liabilities of Fairchem Organics Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Fairchem Organics' Total Current Liabilities and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Fairchem Organics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fairchem Organics Limited 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.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Fairchem Organics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fairchem Organics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fairchem Organics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. The current year's Tax Provision is expected to grow to about 162.6 M. The current year's Selling General Administrative is expected to grow to about 231.4 M
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 71.3M | 81.5M | 92.8M | 81.6M | Interest Income | 373K | 124K | 423K | 717.0K |
Fairchem Organics fundamental ratios Correlations
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Fairchem Organics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Fairchem Organics at a specified time, usually calculated after every quarter, six months, or one year. Fairchem Organics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fairchem Organics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Fairchem currently owns. An asset can also be divided into two categories, current and non-current.