First Total Current Liabilities vs Current Deferred Revenue Analysis

FM Stock  CAD 19.16  0.03  0.16%   
First Quantum financial indicator trend analysis is much more than just examining First Quantum Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Quantum Minerals is a good investment. Please check the relationship between First Quantum Total Current Liabilities and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Quantum Minerals. 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.

Total Current Liabilities vs Current Deferred Revenue

Total Current Liabilities vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Quantum Minerals Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between First Quantum's Total Current Liabilities and Current Deferred Revenue is -0.17. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of First Quantum Minerals, assuming nothing else is changed. The correlation between historical values of First Quantum's Total Current Liabilities and Current Deferred Revenue 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 First Quantum Minerals are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., First Quantum's Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on First Quantum balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of First Quantum Minerals 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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from First Quantum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Quantum Minerals 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 Quantum Minerals. 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.
At this time, First Quantum's Selling General Administrative is very stable compared to the past year. As of the 3rd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.03, though Discontinued Operations is likely to grow to (228.3 M).
 2021 2022 2023 2024 (projected)
Gross Profit2.6B2.2B1.3B827.2M
Total Revenue7.2B7.6B6.5B6.8B

First Quantum fundamental ratios Correlations

0.980.620.850.951.0-0.240.960.860.920.751.00.590.750.630.840.980.910.27-0.520.980.920.850.640.360.91
0.980.650.840.890.98-0.30.990.770.860.70.980.510.70.570.770.990.830.3-0.510.990.880.790.660.320.87
0.620.650.680.440.62-0.120.620.290.410.680.620.390.680.570.560.670.360.07-0.540.690.470.620.470.30.59
0.850.840.680.760.84-0.170.810.620.790.70.850.450.70.530.730.810.740.25-0.340.860.720.710.920.40.79
0.950.890.440.760.95-0.150.870.950.930.670.950.560.670.570.880.870.950.28-0.50.880.890.830.580.290.9
1.00.980.620.840.95-0.220.970.840.90.711.00.530.710.580.850.970.890.25-0.530.980.90.830.650.320.92
-0.24-0.3-0.12-0.17-0.15-0.22-0.31-0.22-0.25-0.1-0.24-0.49-0.1-0.320.09-0.31-0.2-0.030.14-0.29-0.33-0.11-0.2-0.06-0.07
0.960.990.620.810.870.97-0.310.740.840.60.970.450.60.520.740.970.820.29-0.520.970.850.730.640.270.85
0.860.770.290.620.950.84-0.220.740.910.580.840.650.580.610.790.770.950.34-0.440.760.860.780.430.30.77
0.920.860.410.790.930.9-0.250.840.910.60.910.680.60.660.760.870.970.3-0.430.880.920.760.60.410.8
0.750.70.680.70.670.71-0.10.60.580.60.720.531.00.650.730.730.550.22-0.360.750.70.890.50.460.75
1.00.980.620.850.951.0-0.240.970.840.910.720.570.720.610.840.980.90.26-0.520.980.910.840.640.340.91
0.590.510.390.450.560.53-0.490.450.650.680.530.570.530.750.40.60.670.01-0.290.590.750.540.220.550.4
0.750.70.680.70.670.71-0.10.60.580.61.00.720.530.650.730.730.550.22-0.360.750.70.890.50.460.75
0.630.570.570.530.570.58-0.320.520.610.660.650.610.750.650.60.630.64-0.03-0.580.630.650.760.270.610.57
0.840.770.560.730.880.850.090.740.790.760.730.840.40.730.60.750.790.2-0.590.770.670.920.530.430.95
0.980.990.670.810.870.97-0.310.970.770.870.730.980.60.730.630.750.840.25-0.481.00.920.80.590.360.84
0.910.830.360.740.950.89-0.20.820.950.970.550.90.670.550.640.790.840.3-0.40.850.90.750.550.390.79
0.270.30.070.250.280.25-0.030.290.340.30.220.260.010.22-0.030.20.250.30.20.260.240.260.250.050.18
-0.52-0.51-0.54-0.34-0.5-0.530.14-0.52-0.44-0.43-0.36-0.52-0.29-0.36-0.58-0.59-0.48-0.40.2-0.47-0.35-0.55-0.08-0.33-0.55
0.980.990.690.860.880.98-0.290.970.760.880.750.980.590.750.630.771.00.850.26-0.470.910.810.660.370.86
0.920.880.470.720.890.9-0.330.850.860.920.70.910.750.70.650.670.920.90.24-0.350.910.750.510.320.76
0.850.790.620.710.830.83-0.110.730.780.760.890.840.540.890.760.920.80.750.26-0.550.810.750.480.490.9
0.640.660.470.920.580.65-0.20.640.430.60.50.640.220.50.270.530.590.550.25-0.080.660.510.480.170.62
0.360.320.30.40.290.32-0.060.270.30.410.460.340.550.460.610.430.360.390.05-0.330.370.320.490.170.29
0.910.870.590.790.90.92-0.070.850.770.80.750.910.40.750.570.950.840.790.18-0.550.860.760.90.620.29
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First Quantum Account Relationship Matchups

First Quantum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.7B24.2B25.3B25.1B23.8B24.9B
Short Long Term Debt Total8.8B8.4B7.9B7.4B7.6B8.0B
Other Current Liab278M593M273M327M176M121.2M
Total Current Liabilities2.5B2.4B1.7B1.7B2.0B2.1B
Total Stockholder Equity9.5B8.9B10.0B10.9B10.2B10.8B
Property Plant And Equipment Net20.0B19.5B19.3B19.1B18.6B19.5B
Net Debt7.7B7.4B6.1B5.7B6.4B6.7B
Retained Earnings3.9B3.7B4.5B5.5B4.9B5.1B
Accounts Payable637M762M719M771M830M871.5M
Cash1.1B950M1.9B1.7B1.2B660.9M
Non Current Assets Total21.6B21.1B21.3B20.9B20.3B21.3B
Non Currrent Assets Other401M727M1.0B795M834M875.7M
Cash And Short Term Investments1.1B950M1.9B1.7B1.2B660.9M
Net Receivables512M737M622M890M586M297.9M
Common Stock Shares Outstanding689.4M687.6M688.5M691.7M690.9M481.4M
Liabilities And Stockholders Equity24.7B24.2B25.3B25.1B23.8B24.9B
Non Current Liabilities Total11.6B11.8B12.1B11.1B11.0B11.5B
Inventory1.4B1.3B1.3B1.5B1.6B1.7B
Other Current Assets135M88M138M133M437M458.9M
Other Stockholder Equity(140M)(125M)(186M)(569M)(336M)(56M)
Total Liab14.1B14.2B13.8B12.8B13.0B13.6B
Property Plant And Equipment Gross20.0B19.5B27.9B28.8B29.2B30.6B
Total Current Assets3.2B3.1B3.9B4.2B3.5B1.8B
Accumulated Other Comprehensive Income(45M)(455M)(72M)(59M)(53.1M)(55.8M)
Short Term Debt1.5B916M323M587M974M1.0B
Other Assets797M879M1.2B439M504.9M442.7M
Common Stock Total Equity5.6B5.6B5.6B5.6B6.5B3.7B
Common Stock5.6B5.6B5.6B5.5B5.4B4.1B
Other Liab2.9B3.0B3.2B3.0B3.5B2.7B
Net Tangible Assets9.2B8.6B9.8B10.7B12.3B10.0B
Long Term Debt7.4B7.5B7.6B6.8B6.6B6.7B
Long Term Investments589M544M619M663M645M593.8M
Short Long Term Debt1.5B907M313M575M967M833.3M
Property Plant Equipment20.0B19.5B19.3B19.1B21.9B19.0B
Long Term Debt Total7.4B7.5B7.6B6.8B7.8B7.1B
Capital Surpluse75M87M101M(930M)(837M)(795.2M)
Treasury Stock(140M)(125M)(114M)(190M)(218.5M)(229.4M)
Cash And Equivalents1.1B950M1.9B1.7B1.9B1.5B
Net Invested Capital18.3B17.2B17.9B18.3B17.8B19.3B

Pair Trading with First Quantum

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

Moving together with First Stock

  0.66AG First Majestic SilverPairCorr
  0.71IE Ivanhoe EnergyPairCorr
  0.71FDY Faraday Copper CorpPairCorr

Moving against First Stock

  0.38INFM Infinico Metals CorpPairCorr
The ability to find closely correlated positions to First Quantum 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 Quantum 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 Quantum - 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 Quantum Minerals to buy it.
The correlation of First Quantum 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 Quantum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Quantum Minerals 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 Quantum 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 CorrelationCorrelation Matching

Other Information on Investing in First Stock

Balance Sheet is a snapshot of the financial position of First Quantum Minerals at a specified time, usually calculated after every quarter, six months, or one year. First Quantum Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of First Quantum 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 First currently owns. An asset can also be divided into two categories, current and non-current.