Faron Accounts Payable vs Total Current Assets Analysis

FARN Stock   170.00  2.50  1.49%   
Faron Pharmaceuticals financial indicator trend analysis is much more than just examining Faron Pharmaceuticals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Faron Pharmaceuticals is a good investment. Please check the relationship between Faron Pharmaceuticals Accounts Payable and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Faron Pharmaceuticals Oy. 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.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Faron Pharmaceuticals Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Faron Pharmaceuticals' Accounts Payable and Total Current Assets is 0.4. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Faron Pharmaceuticals Oy, assuming nothing else is changed. The correlation between historical values of Faron Pharmaceuticals' Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Faron Pharmaceuticals Oy are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Faron Pharmaceuticals' Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Faron Pharmaceuticals obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Faron Pharmaceuticals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Faron Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Faron Pharmaceuticals 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 Faron Pharmaceuticals Oy. 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.
Selling General Administrative is likely to gain to about 9.1 M in 2024, whereas Tax Provision is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense235K1.4M2.2M2.3M
Depreciation And Amortization306K300K197K185.2K

Faron Pharmaceuticals fundamental ratios Correlations

0.210.70.490.270.38-0.59-0.420.420.250.240.670.680.40.240.790.360.41.0-0.04-0.430.750.34-0.440.980.98
0.210.260.86-0.850.680.65-0.850.880.550.990.160.240.740.990.190.860.950.190.880.140.38-0.810.670.190.19
0.70.260.61-0.060.7-0.26-0.620.460.460.310.820.550.60.330.890.450.510.690.05-0.590.77-0.01-0.370.610.61
0.490.860.61-0.680.860.34-0.950.980.580.850.560.450.80.860.550.910.970.480.74-0.30.67-0.580.380.440.44
0.27-0.85-0.06-0.68-0.6-0.920.71-0.71-0.46-0.830.020.07-0.6-0.840.09-0.72-0.770.29-0.87-0.18-0.10.98-0.810.30.3
0.380.680.70.86-0.60.3-0.920.790.350.680.60.320.870.710.620.780.820.370.47-0.40.54-0.540.160.30.3
-0.590.65-0.260.34-0.920.3-0.410.40.290.63-0.32-0.350.340.63-0.380.420.49-0.610.740.43-0.26-0.950.87-0.61-0.61
-0.42-0.85-0.62-0.950.71-0.92-0.41-0.9-0.46-0.85-0.48-0.4-0.92-0.87-0.58-0.87-0.94-0.41-0.680.21-0.640.64-0.32-0.35-0.35
0.420.880.460.98-0.710.790.4-0.90.530.860.450.390.740.860.420.930.960.40.79-0.250.6-0.620.470.380.38
0.250.550.460.58-0.460.350.29-0.460.530.570.470.160.40.560.340.450.590.210.45-0.180.33-0.440.280.210.21
0.240.990.310.85-0.830.680.63-0.850.860.570.190.250.761.00.230.860.950.220.850.140.41-0.80.620.220.22
0.670.160.820.560.020.6-0.32-0.480.450.470.190.190.470.20.820.380.410.66-0.05-0.750.550.07-0.350.580.58
0.680.240.550.450.070.32-0.35-0.40.390.160.250.190.320.260.460.410.380.680.16-0.220.790.16-0.230.70.7
0.40.740.60.8-0.60.870.34-0.920.740.40.760.470.320.780.580.740.820.390.51-0.090.56-0.570.20.360.36
0.240.990.330.86-0.840.710.63-0.870.860.561.00.20.260.780.240.870.950.220.840.120.42-0.810.60.220.22
0.790.190.890.550.090.62-0.38-0.580.420.340.230.820.460.580.240.330.430.79-0.07-0.60.680.15-0.460.690.69
0.360.860.450.91-0.720.780.42-0.870.930.450.860.380.410.740.870.330.930.340.71-0.270.6-0.650.390.350.35
0.40.950.510.97-0.770.820.49-0.940.960.590.950.410.380.820.950.430.930.380.81-0.120.58-0.710.490.350.35
1.00.190.690.480.290.37-0.61-0.410.40.210.220.660.680.390.220.790.340.38-0.06-0.430.740.36-0.450.980.98
-0.040.880.050.74-0.870.470.74-0.680.790.450.85-0.050.160.510.84-0.070.710.81-0.060.270.27-0.810.86-0.06-0.06
-0.430.14-0.59-0.3-0.18-0.40.430.21-0.25-0.180.14-0.75-0.22-0.090.12-0.6-0.27-0.12-0.430.27-0.4-0.250.49-0.37-0.37
0.750.380.770.67-0.10.54-0.26-0.640.60.330.410.550.790.560.420.680.60.580.740.27-0.4-0.02-0.250.720.72
0.34-0.81-0.01-0.580.98-0.54-0.950.64-0.62-0.44-0.80.070.16-0.57-0.810.15-0.65-0.710.36-0.81-0.25-0.02-0.780.380.38
-0.440.67-0.370.38-0.810.160.87-0.320.470.280.62-0.35-0.230.20.6-0.460.390.49-0.450.860.49-0.25-0.78-0.43-0.43
0.980.190.610.440.30.3-0.61-0.350.380.210.220.580.70.360.220.690.350.350.98-0.06-0.370.720.38-0.431.0
0.980.190.610.440.30.3-0.61-0.350.380.210.220.580.70.360.220.690.350.350.98-0.06-0.370.720.38-0.431.0
Click cells to compare fundamentals

Faron Pharmaceuticals Account Relationship Matchups

Faron Pharmaceuticals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.2M8.4M13.2M11.3M10.2M10.5M
Short Long Term Debt Total2.8M3.2M3.5M13.3M13.1M13.8M
Other Current Liab2.8M4.1M4.3M3.3M2.4M2.7M
Total Current Liabilities6.1M6.5M7.2M10.5M15.0M15.8M
Total Stockholder Equity1.6M(1.8M)2.9M(11.5M)(15.2M)(14.4M)
Net Debt(4.2M)(883K)(3.3M)6.3M6.2M6.5M
Retained Earnings(80.0M)(96.6M)(116.3M)(143.7M)(172.2M)(163.6M)
Accounts Payable3.0M2.1M2.2M5.1M9.0M9.4M
Non Current Assets Total1.0M996K1.2M1.5M1.4M1.3M
Long Term Debt2.3M2.7M2.9M11.1M9.4M9.9M
Net Receivables1.3M1.3M1.4M905K1.0M981.9K
Common Stock Shares Outstanding39.9K46.8K51.8K60.1K68.8K40.5K
Liabilities And Stockholders Equity10.2M8.4M13.2M11.3M10.2M10.5M
Non Current Liabilities Total2.5M3.7M3.1M12.3M10.4M10.9M
Other Current Assets2.1M3.3M5.2M2.7M2.0M2.5M
Other Stockholder Equity78.8M91.9M(1K)129.4M154.2M161.9M
Total Liab8.6M10.2M10.3M22.7M25.4M26.7M
Total Current Assets9.2M7.4M12.0M9.7M8.9M9.2M
Accumulated Other Comprehensive Income78.9K92.0K116.5K129.5K154.4K162.1K
Intangible Assets529K565K899K1.2M1.1M691.5K
Net Tangible Assets1.1M(2.4M)2.0M(12.6M)(11.4M)(10.8M)
Short Long Term Debt163K122K429K1.9M3.5M3.6M
Cash7.1M4.1M6.9M7.0M6.9M5.4M
Cash And Short Term Investments7.1M4.1M6.9M7.0M6.9M5.4M
Property Plant And Equipment Net399K375K207K327K204K195.6K
Property Plant And Equipment Gross399K375K207K327K225K198.1K
Property Plant Equipment399K375K207K327K376.1K192.0K
Non Currrent Assets Other77K56K53K60K54K51.3K
Net Invested Capital4.0M1.0M6.3M1.5M(2.3M)(2.1M)
Net Working Capital3.1M868K4.8M(741K)(6.1M)(5.8M)

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