Forum Net Receivables vs Net Debt Analysis

FET Stock  USD 14.74  0.23  1.54%   
Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Net Receivables and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Net Receivables account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Forum Energy's Net Receivables and Net Debt is 0.71. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Net Receivables 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 Net Receivables of Forum Energy Technologies 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 Net Receivables i.e., Forum Energy's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

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 Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Forum Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.86 in 2024, whereas Selling General Administrative is likely to drop slightly above 180 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense32M31.5M18.3M28.0M
Depreciation And Amortization42.2M37.0M34.7M57.6M

Forum Energy fundamental ratios Correlations

-0.25-0.36-0.170.06-0.210.120.0-0.33-0.520.480.02-0.33-0.130.020.0-0.43-0.17-0.360.09-0.120.81-0.280.740.01-0.62
-0.250.760.450.510.970.680.390.60.890.330.240.970.180.240.680.940.840.820.830.59-0.240.820.190.93-0.18
-0.360.760.670.530.610.450.120.920.670.25-0.040.770.09-0.040.610.770.740.970.610.27-0.380.96-0.040.67-0.11
-0.170.450.670.830.280.170.480.770.390.28-0.420.440.27-0.420.820.490.360.650.420.62-0.380.78-0.060.490.01
0.060.510.530.830.380.230.620.670.370.67-0.50.480.39-0.50.920.490.420.490.570.64-0.120.70.160.590.01
-0.210.970.610.280.380.680.390.410.880.280.360.940.180.360.570.910.790.680.790.58-0.190.670.230.9-0.16
0.120.680.450.170.230.680.120.310.390.390.260.57-0.030.260.40.520.790.560.870.320.270.530.540.78-0.49
0.00.390.120.480.620.390.120.180.340.16-0.20.350.85-0.20.540.390.220.120.440.78-0.10.280.030.440.22
-0.330.60.920.770.670.410.310.180.510.33-0.420.610.14-0.420.710.620.560.870.540.31-0.430.91-0.050.510.03
-0.520.890.670.390.370.880.390.340.510.010.220.940.20.220.520.970.710.710.530.54-0.580.69-0.040.730.17
0.480.330.250.280.670.280.390.160.330.01-0.270.24-0.07-0.270.630.150.330.230.570.170.420.380.490.46-0.43
0.020.24-0.04-0.42-0.50.360.26-0.2-0.420.22-0.270.21-0.161.0-0.410.170.250.030.06-0.170.2-0.120.060.25-0.35
-0.330.970.770.440.480.940.570.350.610.940.240.210.180.210.640.980.820.820.710.56-0.330.820.090.88-0.07
-0.130.180.090.270.390.18-0.030.850.140.2-0.07-0.160.18-0.160.190.240.150.020.260.41-0.150.13-0.10.190.44
0.020.24-0.04-0.42-0.50.360.26-0.2-0.420.22-0.271.00.21-0.16-0.410.170.250.030.06-0.170.2-0.120.060.25-0.35
0.00.680.610.820.920.570.40.540.710.520.63-0.410.640.19-0.410.630.50.630.670.76-0.170.790.210.71-0.12
-0.430.940.770.490.490.910.520.390.620.970.150.170.980.240.170.630.820.810.670.59-0.470.810.050.840.06
-0.170.840.740.360.420.790.790.220.560.710.330.250.820.150.250.50.820.790.830.34-0.050.770.260.89-0.24
-0.360.820.970.650.490.680.560.120.870.710.230.030.820.020.030.630.810.790.670.35-0.340.97-0.030.75-0.22
0.090.830.610.420.570.790.870.440.540.530.570.060.710.260.060.670.670.830.670.510.130.720.460.9-0.36
-0.120.590.270.620.640.580.320.780.310.540.17-0.170.560.41-0.170.760.590.340.350.51-0.230.470.090.630.1
0.81-0.24-0.38-0.38-0.12-0.190.27-0.1-0.43-0.580.420.2-0.33-0.150.2-0.17-0.47-0.05-0.340.13-0.23-0.310.490.02-0.67
-0.280.820.960.780.70.670.530.280.910.690.38-0.120.820.13-0.120.790.810.770.970.720.47-0.310.020.79-0.18
0.740.19-0.04-0.060.160.230.540.03-0.05-0.040.490.060.09-0.10.060.210.050.26-0.030.460.090.490.020.36-0.44
0.010.930.670.490.590.90.780.440.510.730.460.250.880.190.250.710.840.890.750.90.630.020.790.36-0.36
-0.62-0.18-0.110.010.01-0.16-0.490.220.030.17-0.43-0.35-0.070.44-0.35-0.120.06-0.24-0.22-0.360.1-0.67-0.18-0.44-0.36
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Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding5.5M5.6M5.6M6.0M10.2M5.4M
Total Assets1.2B889.9M791.3M831.3M821.1M1.2B
Short Long Term Debt Total399.6M294.7M233.3M239.9M201.4M303.8M
Other Current Liab86.7M67.6M58.4M76.5M62.5M64.2M
Total Current Liabilities196.9M124.9M175.7M210.5M204.3M158.9M
Total Stockholder Equity486M406.2M329.1M307.1M412.6M655.0M
Property Plant And Equipment Net203.5M145.2M119.4M116.8M134.3M165.1M
Current Deferred Revenue10.8M9.7M17.0M14.7M14.8M13.0M
Net Debt341.7M166.1M186.4M188.9M155.2M247.2M
Retained Earnings(503.4M)(601.7M)(684.3M)(680.6M)(699.5M)(664.5M)
Accounts Payable98.7M46.4M99.4M118.3M125.9M106.9M
Cash57.9M128.6M46.9M51M46.2M77.9M
Non Current Assets Total494.1M399.7M344.6M318.4M291.5M276.9M
Non Currrent Assets Other18.3M14.1M7.8M9.9M6.3M6.0M
Cash And Short Term Investments57.9M128.6M46.9M51M46.2M77.9M
Net Receivables154.2M90.8M134.4M170.1M161.9M140.7M
Good Will272.3M(44K)(5K)19K17.1K16.2K
Common Stock Total Equity1.2M1.2M60K61K70.2K66.6K
Liabilities And Stockholders Equity1.2B889.9M791.3M831.3M821.1M1.2B
Non Current Liabilities Total477.1M358.8M286.5M313.7M204.1M350.7M
Inventory414.6M251.7M241.7M269.8M299.6M380.4M
Other Current Assets39.2M19.0M23.7M43.9M21.9M20.8M
Other Stockholder Equity1.1B1.1B1.1B1.1B1.2B935.1M
Total Liab674M483.7M462.2M524.2M408.4M509.6M
Property Plant And Equipment Gross203.5M145.2M119.4M116.8M291.1M177.8M
Total Current Assets665.9M490.2M446.7M512.9M529.6M505.0M
Accumulated Other Comprehensive Income(108.9M)(100.4M)(101.0M)(127.5M)(115.2M)(109.5M)
Short Term Debt700K1.3M860K782K1.2M1.1M
Intangible Assets272.3M240.4M217.4M191.5M168.0M263.4M
Common Stock1.2M60K61K62K109K103.6K
Other Liab28.3M65.4M54.1M13.7M15.7M14.9M
Other Assets18.3M45.6M7.8M10.1M11.6M16.9M
Long Term Debt398.9M293.4M232.4M239.1M129.6M123.1M
Treasury Stock(134.4M)(134.5M)(134.5M)(135.6M)(122.0M)(128.1M)
Property Plant Equipment203.5M145.2M119.4M116.8M134.3M172.4M
Net Tangible Assets213.7M165.8M111.7M115.6M104.0M181.3M
Retained Earnings Total Equity63.7M(503.4M)(601.7M)(684.3M)(615.9M)(585.1M)
Long Term Debt Total398.9M293.4M232.4M239.1M215.2M314.3M

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Additional Tools for Forum Stock Analysis

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