First Asset Turnover vs Net Debt Analysis

FBP Stock

USD 18.69 0.11 0.59%

First Bancorp financial indicator trend analysis is much more than just examining First Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Bancorp is a good investment. Please check the relationship between First Bancorp Asset Turnover and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Bancorp Asset Turnover account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between First Bancorp's Asset Turnover and Net Debt is -0.06. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of First Bancorp, assuming nothing else is changed. The correlation between historical values of First Bancorp's Asset Turnover 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 Asset Turnover of First Bancorp 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 Asset Turnover i.e., First Bancorp's Asset Turnover and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

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 First Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Bancorp 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 First Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in First Stock, please use our How to Invest in First Bancorp guide.At this time, First Bancorp's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/27/2024, Enterprise Value Over EBITDA is likely to grow to 9.54, while Enterprise Value is likely to drop slightly above 970 M.

	2021	2022	2023	2024 (projected)
Operating Income	427.8M	514.9M	388.7M	369.3M
Other Operating Expenses	408.0M	47.8M	382.8M	363.7M

Operating Income Other Operating Expenses

First Bancorp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt
Common Stock Shares Outstanding		0.6	0.46	0.8	0.57	-0.21	0.45	0.42	0.07	-0.09	0.3	0.42	0.46	0.03	0.63	0.54	0.25	0.31	-0.07	0.47	0.29	-0.42	0.02	-0.39	-0.84	0.05
Total Assets	0.6		0.08	0.64	0.67	-0.54	0.68	0.68	0.53	0.29	-0.07	0.7	0.58	0.17	0.2	0.99	0.69	0.72	-0.15	0.37	0.11	-0.6	0.3	-0.31	-0.69	0.28
Short Long Term Debt Total	0.46	0.08		0.33	0.33	0.23	0.11	-0.11	-0.16	-0.15	0.38	-0.12	-0.11	-0.02	0.39	0.04	-0.03	-0.21	-0.04	0.05	0.52	-0.18	0.08	0.09	-0.46	0.02
Total Stockholder Equity	0.8	0.64	0.33		0.58	-0.33	0.39	0.56	0.02	-0.2	0.31	0.52	0.51	-0.12	0.74	0.56	0.1	0.47	0.0	0.4	-0.06	-0.52	-0.14	-0.38	-0.76	-0.1
Property Plant And Equipment Net	0.57	0.67	0.33	0.58		-0.03	0.28	0.19	0.22	0.16	0.36	0.05	0.01	0.19	0.5	0.65	0.34	0.04	0.31	0.39	0.24	-0.72	-0.07	0.15	-0.86	0.4
Net Debt	-0.21	-0.54	0.23	-0.33	-0.03		-0.26	-0.95	-0.26	-0.09	0.24	-0.74	-0.36	0.05	-0.03	-0.54	-0.35	-0.76	0.3	0.03	-0.01	0.12	0.17	0.15	0.08	0.06
Retained Earnings	0.45	0.68	0.11	0.39	0.28	-0.26		0.34	0.83	0.66	-0.59	0.39	0.41	0.65	-0.23	0.68	0.84	0.51	-0.43	0.21	-0.08	0.0	0.31	-0.69	-0.45	0.57
Cash	0.42	0.68	-0.11	0.56	0.19	-0.95	0.34		0.23	0.02	-0.11	0.84	0.51	-0.11	0.21	0.66	0.35	0.82	-0.26	0.12	-0.03	-0.31	-0.1	-0.27	-0.28	-0.1
Non Current Assets Total	0.07	0.53	-0.16	0.02	0.22	-0.26	0.83	0.23		0.94	-0.81	0.12	0.05	0.83	-0.58	0.57	0.81	0.31	-0.44	0.03	-0.04	0.04	0.13	-0.45	-0.13	0.83
Non Currrent Assets Other	-0.09	0.29	-0.15	-0.2	0.16	-0.09	0.66	0.02	0.94		-0.79	-0.17	-0.25	0.92	-0.67	0.34	0.69	0.01	-0.35	-0.04	-0.01	0.17	-0.02	-0.31	0.01	0.93
Other Assets	0.3	-0.07	0.38	0.31	0.36	0.24	-0.59	-0.11	-0.81	-0.79		-0.05	0.01	-0.68	0.83	-0.12	-0.54	-0.27	0.58	0.25	0.23	-0.48	-0.08	0.47	-0.39	-0.55
Cash And Short Term Investments	0.42	0.7	-0.12	0.52	0.05	-0.74	0.39	0.84	0.12	-0.17	-0.05		0.87	-0.34	0.19	0.68	0.35	0.96	-0.29	0.2	-0.06	-0.33	0.37	-0.4	-0.25	-0.35
Net Receivables	0.46	0.58	-0.11	0.51	0.01	-0.36	0.41	0.51	0.05	-0.25	0.01	0.87		-0.36	0.22	0.56	0.26	0.82	-0.32	0.19	-0.06	-0.33	0.57	-0.53	-0.28	-0.4
Non Current Liabilities Total	0.03	0.17	-0.02	-0.12	0.19	0.05	0.65	-0.11	0.83	0.92	-0.68	-0.34	-0.36		-0.51	0.2	0.63	-0.16	-0.28	-0.02	-0.01	0.33	-0.16	-0.29	-0.14	0.94
Other Stockholder Equity	0.63	0.2	0.39	0.74	0.5	-0.03	-0.23	0.21	-0.58	-0.67	0.83	0.19	0.22	-0.51		0.12	-0.39	0.03	0.37	0.33	0.13	-0.47	-0.27	0.14	-0.65	-0.46
Total Liab	0.54	0.99	0.04	0.56	0.65	-0.54	0.68	0.66	0.57	0.34	-0.12	0.68	0.56	0.2	0.12		0.73	0.71	-0.16	0.35	0.12	-0.57	0.34	-0.28	-0.65	0.31
Property Plant And Equipment Gross	0.25	0.69	-0.03	0.1	0.34	-0.35	0.84	0.35	0.81	0.69	-0.54	0.35	0.26	0.63	-0.39	0.73		0.46	-0.26	0.16	0.07	-0.06	0.4	-0.33	-0.4	0.63
Total Current Assets	0.31	0.72	-0.21	0.47	0.04	-0.76	0.51	0.82	0.31	0.01	-0.27	0.96	0.82	-0.16	0.03	0.71	0.46		-0.39	0.11	-0.13	-0.23	0.36	-0.43	-0.19	-0.21
Other Current Liab	-0.07	-0.15	-0.04	0.0	0.31	0.3	-0.43	-0.26	-0.44	-0.35	0.58	-0.29	-0.32	-0.28	0.37	-0.16	-0.26	-0.39		0.57	-0.32	-0.22	-0.16	0.33	-0.17	-0.15
Total Current Liabilities	0.47	0.37	0.05	0.4	0.39	0.03	0.21	0.12	0.03	-0.04	0.25	0.2	0.19	-0.02	0.33	0.35	0.16	0.11	0.57		-0.18	-0.27	0.06	-0.29	-0.47	0.06
Short Term Debt	0.29	0.11	0.52	-0.06	0.24	-0.01	-0.08	-0.03	-0.04	-0.01	0.23	-0.06	-0.06	-0.01	0.13	0.12	0.07	-0.13	-0.32	-0.18		-0.2	0.09	0.41	-0.25	0.1
Common Stock Total Equity	-0.42	-0.6	-0.18	-0.52	-0.72	0.12	0.0	-0.31	0.04	0.17	-0.48	-0.33	-0.33	0.33	-0.47	-0.57	-0.06	-0.23	-0.22	-0.27	-0.2		-0.16	-0.11	0.53	0.04
Common Stock	0.02	0.3	0.08	-0.14	-0.07	0.17	0.31	-0.1	0.13	-0.02	-0.08	0.37	0.57	-0.16	-0.27	0.34	0.4	0.36	-0.16	0.06	0.09	-0.16		-0.18	-0.03	-0.14
Other Liab	-0.39	-0.31	0.09	-0.38	0.15	0.15	-0.69	-0.27	-0.45	-0.31	0.47	-0.4	-0.53	-0.29	0.14	-0.28	-0.33	-0.43	0.33	-0.29	0.41	-0.11	-0.18		0.1	-0.16
Accounts Payable	-0.84	-0.69	-0.46	-0.76	-0.86	0.08	-0.45	-0.28	-0.13	0.01	-0.39	-0.25	-0.28	-0.14	-0.65	-0.65	-0.4	-0.19	-0.17	-0.47	-0.25	0.53	-0.03	0.1		-0.22
Long Term Debt	0.05	0.28	0.02	-0.1	0.4	0.06	0.57	-0.1	0.83	0.93	-0.55	-0.35	-0.4	0.94	-0.46	0.31	0.63	-0.21	-0.15	0.06	0.1	0.04	-0.14	-0.16	-0.22

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First Bancorp Account Relationship Matchups

First Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	217.1M	217.7M	211.3M	192.0M	177.2M	186.0M
Total Assets	12.6B	18.8B	20.8B	18.6B	18.9B	12.3B
Short Long Term Debt Total	754.2M	623.8M	398.7M	858.8M	661.7M	756.8M
Total Stockholder Equity	2.2B	2.3B	2.1B	1.3B	1.5B	1.2B
Property Plant And Equipment Net	150.0M	158.2M	146.4M	142.9M	210.5M	125.8M
Net Debt	207.5M	(809.8M)	(2.2B)	380.0M	(525K)	(498.8K)
Retained Earnings	1.2B	1.2B	1.4B	1.6B	1.8B	1.9B
Cash	546.7M	1.4B	2.5B	478.8M	662.2M	416.4M
Non Current Assets Total	2.5B	5.2B	6.9B	6.2B	18.2B	11.5B
Non Currrent Assets Other	(2.5B)	(329.3M)	(328.9M)	(433.2M)	12.1B	7.0B
Other Assets	6.8B	6.9B	4.3B	6.4B	(851.3M)	(893.8M)
Cash And Short Term Investments	2.8B	6.1B	9.0B	6.0B	662.5M	629.3M
Net Receivables	464.7M	542.5M	636.5M	788.0M	77.7M	73.8M
Liabilities And Stockholders Equity	12.6B	18.8B	20.8B	18.6B	18.9B	12.3B
Non Current Liabilities Total	754.2M	623.8M	383.8M	231.6M	5.4B	5.7B
Other Stockholder Equity	941.2M	946.0M	736.1M	463.7M	268.3M	374.7M
Total Liab	10.4B	16.5B	18.7B	17.3B	17.4B	11.2B
Property Plant And Equipment Gross	150.0M	158.2M	398.1M	407.2M	419.9M	440.9M
Total Current Assets	3.2B	6.7B	9.6B	6.1B	1.5B	1.4B
Other Current Liab	(180.6M)	(294.4M)	(214.9M)	(231.6M)	(706.6M)	(671.3M)
Total Current Liabilities	180.6M	276.7M	214.9M	231.6M	208.4M	198.0M
Accumulated Other Comprehensive Income	6.8M	55.5M	(84.0M)	(804.8M)	(639.2M)	(607.2M)
Short Term Debt	140.3M	259.1M	215.0M	566.9M	475M	355.7M
Common Stock Total Equity	22.2M	22.2M	22.3M	20.2M	18.2M	32.8M
Common Stock	22.2M	22.2M	22.3M	22.4M	486.1M	21.2M
Accounts Payable	180.6M	276.7M	214.9M	231.6M	208.4M	198.0M
Short Term Investments	2.2B	4.7B	6.5B	5.6B	5.2B	5.0B
Inventory	(796.5M)	(1.6B)	(2.6B)	(1.3B)	(1.2B)	(1.1B)
Treasury Stock	(455K)	(474K)	(480K)	(2.2M)	(2.5M)	(2.6M)
Property Plant Equipment	150.0M	158.2M	146.4M	142.9M	164.4M	160.1M
Intangible Assets	34.3M	40.9M	29.9M	21.1M	13.4M	12.7M
Net Tangible Assets	2.2B	2.2B	2.0B	1.3B	1.5B	1.9B
Retained Earnings Total Equity	1.1B	1.2B	1.2B	1.4B	1.6B	940.0M
Capital Surpluse	941.7M	946.5M	738.3M	486.1M	437.5M	694.7M
Long Term Investments	138.7M	4.9B	6.7B	6.1B	5.6B	3.2B

Pair Trading with First Bancorp

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 First Bancorp 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 First Bancorp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to First Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Bancorp 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 First Bancorp - 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 First Bancorp to buy it.

The correlation of First Bancorp 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 First Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancorp 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 First Bancorp 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.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Bancorp's price analysis, check to measure First Bancorp's 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 First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.

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First Asset Turnover vs Net Debt Analysis

Asset Turnover vs Net Debt

Asset Turnover vs Net Debt Correlation Analysis

Correlation Coefficient

Asset Turnover

Net Debt

First Bancorp fundamental ratios Correlations

First Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Bancorp fundamental ratios Accounts

Pair Trading with First Bancorp

Additional Tools for First Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.96	Cash And Short Term Investments
Non Currrent Assets Other	+ 0.94	Non Current Assets Total
Long Term Debt	+ 0.94	Non Current Liabilities Total
Long Term Debt	+ 0.93	Non Currrent Assets Other
Non Current Liabilities Total	+ 0.92	Non Currrent Assets Other

Cash	- 0.95	Net Debt
Accounts Payable	- 0.86	Property Plant And Equipment Net
Accounts Payable	- 0.84	Common Stock Shares Outstanding
Other Assets	- 0.81	Non Current Assets Total
Other Assets	- 0.79	Non Currrent Assets Other
Total Current Assets	- 0.76	Net Debt