Foghorn Total Stockholder Equity vs Cash Analysis

FHTX Stock  USD 7.79  0.27  3.59%   
Foghorn Therapeutics financial indicator trend analysis is much more than just examining Foghorn Therapeutics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foghorn Therapeutics is a good investment. Please check the relationship between Foghorn Therapeutics Total Stockholder Equity and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foghorn Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Foghorn Stock please use our How to Invest in Foghorn Therapeutics guide.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foghorn Therapeutics Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have very week relationship.
The correlation between Foghorn Therapeutics' Total Stockholder Equity and Cash is 0.26. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Foghorn Therapeutics, assuming nothing else is changed. The correlation between historical values of Foghorn Therapeutics' Total Stockholder Equity and Cash 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 Stockholder Equity of Foghorn Therapeutics are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Foghorn Therapeutics' Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Foghorn Therapeutics, which is listed under current asset account on Foghorn Therapeutics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Foghorn Therapeutics customers. The amounts must be unrestricted with restricted cash listed in a different Foghorn Therapeutics account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Foghorn Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foghorn Therapeutics 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 Foghorn Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Foghorn Stock please use our How to Invest in Foghorn Therapeutics guide.Selling General Administrative is likely to drop to about 19.7 M in 2024. Tax Provision is likely to drop to about 2.3 M in 2024
 2021 2022 2023 2024 (projected)
Depreciation And Amortization7.5M3.3M3.5M3.9M
Interest Income2.6M5.7M10.6M11.1M

Foghorn Therapeutics fundamental ratios Correlations

0.860.430.630.550.890.730.93-0.48-0.80.780.70.940.730.710.890.850.80.730.80.940.930.490.961.00.99
0.860.540.480.680.650.880.98-0.27-0.730.760.570.980.540.620.920.810.850.530.990.920.690.660.780.820.82
0.430.540.50.80.120.630.52-0.56-0.030.140.610.530.460.760.390.490.23-0.190.510.390.190.80.270.40.43
0.630.480.50.110.660.180.55-0.95-0.640.670.980.60.980.590.570.840.610.070.460.630.710.060.690.630.62
0.550.680.80.110.160.910.65-0.09-0.060.10.260.630.140.70.470.340.260.220.620.470.231.00.320.520.57
0.890.650.120.660.160.420.76-0.5-0.890.880.660.780.780.480.850.830.790.780.630.890.990.10.980.90.87
0.730.880.630.180.910.420.86-0.06-0.410.410.340.830.270.580.710.560.510.480.850.730.460.890.570.70.73
0.930.980.520.550.650.760.86-0.35-0.790.810.641.00.630.640.950.870.860.610.970.970.790.610.870.90.89
-0.48-0.27-0.56-0.95-0.09-0.5-0.06-0.350.41-0.45-0.93-0.41-0.92-0.56-0.36-0.7-0.350.1-0.25-0.44-0.55-0.05-0.52-0.48-0.48
-0.8-0.73-0.03-0.64-0.06-0.89-0.41-0.790.41-0.95-0.64-0.81-0.73-0.27-0.84-0.87-0.88-0.65-0.75-0.9-0.88-0.01-0.9-0.79-0.75
0.780.760.140.670.10.880.410.81-0.45-0.950.650.820.740.380.920.890.940.60.790.910.860.070.890.760.71
0.70.570.610.980.260.660.340.64-0.93-0.640.650.690.980.640.610.880.610.10.550.690.710.220.720.70.69
0.940.980.530.60.630.780.831.0-0.41-0.810.820.690.680.660.950.890.870.590.960.970.810.590.880.910.9
0.730.540.460.980.140.780.270.63-0.92-0.730.740.980.680.580.650.90.640.230.520.730.810.090.790.730.71
0.710.620.760.590.70.480.580.64-0.56-0.270.380.640.660.580.590.550.540.270.530.570.580.680.590.710.73
0.890.920.390.570.470.850.710.95-0.36-0.840.920.610.950.650.590.880.920.670.920.970.850.440.910.860.84
0.850.810.490.840.340.830.560.87-0.7-0.870.890.880.890.90.550.880.820.410.820.930.840.30.890.830.81
0.80.850.230.610.260.790.510.86-0.35-0.880.940.610.870.640.540.920.820.590.850.890.810.230.850.780.75
0.730.53-0.190.070.220.780.480.610.1-0.650.60.10.590.230.270.670.410.590.490.680.760.170.760.740.72
0.80.990.510.460.620.630.850.97-0.25-0.750.790.550.960.520.530.920.820.850.490.910.650.60.750.760.75
0.940.920.390.630.470.890.730.97-0.44-0.90.910.690.970.730.570.970.930.890.680.910.90.420.950.920.9
0.930.690.190.710.230.990.460.79-0.55-0.880.860.710.810.810.580.850.840.810.760.650.90.160.990.940.92
0.490.660.80.061.00.10.890.61-0.05-0.010.070.220.590.090.680.440.30.230.170.60.420.160.270.470.51
0.960.780.270.690.320.980.570.87-0.52-0.90.890.720.880.790.590.910.890.850.760.750.950.990.270.960.94
1.00.820.40.630.520.90.70.9-0.48-0.790.760.70.910.730.710.860.830.780.740.760.920.940.470.961.0
0.990.820.430.620.570.870.730.89-0.48-0.750.710.690.90.710.730.840.810.750.720.750.90.920.510.941.0
Click cells to compare fundamentals

Foghorn Therapeutics Account Relationship Matchups

Foghorn Therapeutics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.3M255.6M519.8M404.9M285.9M280.8M
Short Long Term Debt Total16.6M82.0M58.3M51.5M45.1M47.8M
Other Current Liab450K5.2M2.6M5.0M(84K)(79.8K)
Total Current Liabilities12.7M18.8M48.7M336.8M58.4M87.8M
Total Stockholder Equity(88.0M)146.2M96.9M112K(77.2M)(73.3M)
Net Tangible Assets(88.0M)146.2M96.9M112K128.8K122.4K
Property Plant And Equipment Net3.7M62.3M56.1M49.4M42.9M39.7M
Net Debt1.6M(10.8M)(42.8M)(294.3M)(35.3M)(37.0M)
Retained Earnings(94.1M)(162.9M)(264.3M)(373.1M)(471.6M)(448.0M)
Accounts Payable3.4M3.7M3.8M5.4M6.3M4.5M
Cash15.0M92.8M101.1M345.8M80.3M123.8M
Non Current Assets Total5.5M64.9M60.2M59.1M45.7M43.6M
Non Currrent Assets Other11K842K2.4M8.0M2.8M2.7M
Other Assets1.7M2.6M4.1M4.1M1.00.95
Cash And Short Term Investments15.0M185.8M154.3M345.8M234.1M178.7M
Common Stock Shares Outstanding36.8M36.8M37.2M41.6M42.0M39.2M
Liabilities And Stockholders Equity22.3M255.6M519.8M404.9M285.9M280.8M
Non Current Liabilities Total97.7M90.6M374.2M68.0M304.7M185.9M
Capital Lease Obligations1.5M62.3M58.3M51.5M45.1M40.1M
Other Current Assets1.4M9.8M5.3M5.6M6.1M5.2M
Other Stockholder Equity6.1M309.1M361.1M377.2M395.2M266.4M
Total Liab110.4M109.4M422.9M404.8M363.1M273.7M
Net Invested Capital(72.9M)165.8M96.9M112K(77.2M)(73.3M)
Property Plant And Equipment Gross3.7M19.5M61.4M58.0M54.9M36.6M
Total Current Assets16.9M190.7M459.6M345.8M240.2M237.1M
Accumulated Other Comprehensive Income(86.6M)(7K)(10K)(4.0M)(826K)(867.3K)
Net Working Capital4.2M171.8M410.9M296.2M181.7M202.0M
Property Plant Equipment3.7M62.3M56.1M49.4M56.8M38.2M

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