First Total Stockholder Equity vs Retained Earnings Analysis

FM Stock

CAD 17.95 0.20 1.10%

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 Stockholder Equity and its Retained Earnings 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 Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Quantum Minerals Total Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between First Quantum's Total Stockholder Equity and Retained Earnings is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings 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 Stockholder Equity and Retained Earnings 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 First Quantum Minerals are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., First Quantum's Total Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 1st of March 2025, Tax Provision is likely to grow to about 410.9 M, though Discontinued Operations is likely to grow to (228.3 M).

	2022	2023	2024	2025 (projected)
Gross Profit	2.2B	1.3B	1.4B	850.7M
Total Revenue	7.6B	6.5B	4.8B	2.8B

Gross Profit Total Revenue

First Quantum fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Common Stock Total Equity
Total Assets		0.97	0.68	0.76	0.95	1.0	-0.26	0.95	0.87	0.82	0.73	1.0	0.49	0.81	0.57	0.84	0.98	0.91	0.22	-0.45	0.98	0.91	0.86	0.66	0.34	0.91
Short Long Term Debt Total	0.97		0.71	0.72	0.9	0.98	-0.33	0.96	0.78	0.72	0.65	0.98	0.37	0.77	0.47	0.76	0.98	0.86	0.24	-0.39	0.98	0.9	0.76	0.69	0.28	0.85
Other Current Liab	0.68	0.71		0.66	0.52	0.67	-0.18	0.66	0.38	0.41	0.62	0.68	0.39	0.7	0.49	0.53	0.74	0.47	0.09	-0.41	0.75	0.58	0.56	0.54	0.27	0.58
Total Current Liabilities	0.76	0.72	0.66		0.63	0.76	-0.12	0.77	0.51	0.79	0.75	0.76	0.42	0.68	0.56	0.76	0.73	0.61	0.22	-0.41	0.79	0.55	0.79	0.8	0.42	0.82
Total Stockholder Equity	0.95	0.9	0.52	0.63		0.95	-0.19	0.84	0.96	0.76	0.6	0.94	0.41	0.74	0.46	0.85	0.87	0.96	0.22	-0.37	0.87	0.9	0.79	0.62	0.25	0.87
Property Plant And Equipment Net	1.0	0.98	0.67	0.76	0.95		-0.24	0.96	0.85	0.8	0.69	1.0	0.43	0.78	0.52	0.84	0.97	0.9	0.21	-0.46	0.98	0.89	0.83	0.67	0.29	0.91
Current Deferred Revenue	-0.26	-0.33	-0.18	-0.12	-0.19	-0.24		-0.32	-0.24	-0.17	-0.09	-0.27	-0.42	-0.17	-0.29	0.03	-0.32	-0.22	0.0	0.1	-0.31	-0.36	-0.14	-0.23	-0.04	-0.09
Net Debt	0.95	0.96	0.66	0.77	0.84	0.96	-0.32		0.73	0.79	0.62	0.96	0.38	0.66	0.51	0.75	0.96	0.8	0.25	-0.51	0.96	0.8	0.77	0.63	0.27	0.86
Retained Earnings	0.87	0.78	0.38	0.51	0.96	0.85	-0.24	0.73		0.78	0.56	0.85	0.51	0.68	0.55	0.81	0.77	0.95	0.28	-0.37	0.76	0.86	0.8	0.47	0.28	0.78
Accounts Payable	0.82	0.72	0.41	0.79	0.76	0.8	-0.17	0.79	0.78		0.7	0.81	0.64	0.61	0.74	0.84	0.77	0.8	0.25	-0.57	0.79	0.68	0.91	0.46	0.45	0.86
Cash	0.73	0.65	0.62	0.75	0.6	0.69	-0.09	0.62	0.56	0.7		0.7	0.62	0.92	0.64	0.67	0.72	0.53	0.25	-0.36	0.75	0.64	0.88	0.46	0.46	0.71
Non Current Assets Total	1.0	0.98	0.68	0.76	0.94	1.0	-0.27	0.96	0.85	0.81	0.7		0.46	0.79	0.54	0.83	0.98	0.91	0.21	-0.45	0.98	0.91	0.84	0.67	0.32	0.9
Non Currrent Assets Other	0.49	0.37	0.39	0.42	0.41	0.43	-0.42	0.38	0.51	0.64	0.62	0.46		0.54	0.84	0.45	0.5	0.5	-0.06	-0.43	0.5	0.52	0.66	0.09	0.6	0.42
Cash And Short Term Investments	0.81	0.77	0.7	0.68	0.74	0.78	-0.17	0.66	0.68	0.61	0.92	0.79	0.54		0.55	0.68	0.81	0.67	0.24	-0.23	0.82	0.82	0.82	0.58	0.42	0.71
Net Receivables	0.57	0.47	0.49	0.56	0.46	0.52	-0.29	0.51	0.55	0.74	0.64	0.54	0.84	0.55		0.48	0.58	0.56	-0.01	-0.59	0.59	0.53	0.71	0.2	0.59	0.47
Common Stock Shares Outstanding	0.84	0.76	0.53	0.76	0.85	0.84	0.03	0.75	0.81	0.84	0.67	0.83	0.45	0.68	0.48		0.77	0.82	0.27	-0.45	0.78	0.7	0.9	0.55	0.38	0.96
Non Current Liabilities Total	0.98	0.98	0.74	0.73	0.87	0.97	-0.32	0.96	0.77	0.77	0.72	0.98	0.5	0.81	0.58	0.77		0.84	0.2	-0.43	1.0	0.9	0.82	0.61	0.34	0.85
Inventory	0.91	0.86	0.47	0.61	0.96	0.9	-0.22	0.8	0.95	0.8	0.53	0.91	0.5	0.67	0.56	0.82	0.84		0.22	-0.33	0.84	0.9	0.77	0.6	0.36	0.8
Other Current Assets	0.22	0.24	0.09	0.22	0.22	0.21	0.0	0.25	0.28	0.25	0.25	0.21	-0.06	0.24	-0.01	0.27	0.2	0.22		0.15	0.21	0.15	0.33	0.2	0.06	0.21
Other Stockholder Equity	-0.45	-0.39	-0.41	-0.41	-0.37	-0.46	0.1	-0.51	-0.37	-0.57	-0.36	-0.45	-0.43	-0.23	-0.59	-0.45	-0.43	-0.33	0.15		-0.43	-0.23	-0.5	0.0	-0.34	-0.5
Total Liab	0.98	0.98	0.75	0.79	0.87	0.98	-0.31	0.96	0.76	0.79	0.75	0.98	0.5	0.82	0.59	0.78	1.0	0.84	0.21	-0.43		0.89	0.83	0.67	0.36	0.87
Property Plant And Equipment Gross	0.91	0.9	0.58	0.55	0.9	0.89	-0.36	0.8	0.86	0.68	0.64	0.91	0.52	0.82	0.53	0.7	0.9	0.9	0.15	-0.23	0.89		0.74	0.57	0.27	0.75
Total Current Assets	0.86	0.76	0.56	0.79	0.79	0.83	-0.14	0.77	0.8	0.91	0.88	0.84	0.66	0.82	0.71	0.9	0.82	0.77	0.33	-0.5	0.83	0.74		0.48	0.47	0.9
Short Term Debt	0.66	0.69	0.54	0.8	0.62	0.67	-0.23	0.63	0.47	0.46	0.46	0.67	0.09	0.58	0.2	0.55	0.61	0.6	0.2	0.0	0.67	0.57	0.48		0.14	0.61
Other Assets	0.34	0.28	0.27	0.42	0.25	0.29	-0.04	0.27	0.28	0.45	0.46	0.32	0.6	0.42	0.59	0.38	0.34	0.36	0.06	-0.34	0.36	0.27	0.47	0.14		0.27
Common Stock Total Equity	0.91	0.85	0.58	0.82	0.87	0.91	-0.09	0.86	0.78	0.86	0.71	0.9	0.42	0.71	0.47	0.96	0.85	0.8	0.21	-0.5	0.87	0.75	0.9	0.61	0.27

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First Quantum Account Relationship Matchups

First Quantum fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	24.2B	25.3B	25.1B	23.8B	24.1B	25.3B
Short Long Term Debt Total	8.4B	7.9B	7.4B	7.6B	8.7B	9.1B
Other Current Liab	593M	273M	327M	176M	318M	333.9M
Total Current Liabilities	2.4B	1.7B	1.7B	2.0B	1.5B	1.0B
Total Stockholder Equity	8.9B	10.0B	10.9B	10.2B	11.5B	12.0B
Property Plant And Equipment Net	19.5B	19.3B	19.1B	18.6B	19.2B	20.2B
Net Debt	7.4B	6.1B	5.7B	6.4B	5.5B	5.8B
Retained Earnings	3.7B	4.5B	5.5B	4.9B	4.9B	5.1B
Accounts Payable	762M	719M	771M	830M	554M	385.5M
Cash	950M	1.9B	1.7B	1.2B	843M	670.4M
Non Current Assets Total	21.1B	21.3B	20.9B	20.3B	20.9B	21.9B
Non Currrent Assets Other	727M	1.0B	795M	834M	335M	266.8M
Cash And Short Term Investments	950M	1.9B	1.7B	1.2B	1.3B	1.4B
Net Receivables	737M	622M	890M	586M	209M	295.5M
Common Stock Shares Outstanding	687.6M	688.5M	691.7M	690.9M	834.2M	497.0M
Liabilities And Stockholders Equity	24.2B	25.3B	25.1B	23.8B	27.3B	28.7B
Non Current Liabilities Total	11.8B	12.1B	11.1B	11.0B	10.7B	11.2B
Inventory	1.3B	1.3B	1.5B	1.6B	1.6B	1.6B
Other Current Assets	88M	138M	133M	437M	311M	160.6M
Other Stockholder Equity	(186M)	(569M)	(336M)	(56M)	(50.4M)	(47.9M)
Total Liab	14.2B	13.8B	12.8B	13.0B	12.2B	12.8B
Property Plant And Equipment Gross	19.5B	27.9B	28.8B	29.2B	30.4B	31.9B
Total Current Assets	3.1B	3.9B	4.2B	3.5B	3.2B	1.9B
Accumulated Other Comprehensive Income	(45M)	(455M)	(72M)	(59M)	(53.1M)	(55.8M)
Short Term Debt	916M	323M	587M	974M	1.1B	1.2B
Other Assets	797M	879M	1.2B	439M	504.9M	442.7M
Common Stock	5.6B	5.6B	5.5B	5.4B	6.2B	4.1B
Other Liab	2.9B	3.0B	3.2B	3.0B	3.5B	2.7B
Net Tangible Assets	9.2B	8.6B	9.8B	10.7B	12.3B	10.0B
Long Term Debt	7.5B	7.6B	6.8B	6.6B	5.8B	6.7B
Long Term Investments	544M	619M	663M	645M	560M	596.2M
Short Long Term Debt	907M	313M	575M	967M	529M	799.1M
Property Plant Equipment	20.0B	19.5B	19.3B	19.1B	21.9B	19.0B
Long Term Debt Total	7.4B	7.5B	7.6B	6.8B	7.8B	7.1B
Capital Surpluse	75M	87M	101M	(930M)	(837M)	(795.2M)
Cash And Equivalents	1.1B	950M	1.9B	1.7B	1.9B	1.5B
Net Invested Capital	17.2B	17.9B	18.3B	17.8B	17.8B	19.3B

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 against First Stock

0.35

Toronto Dominion Bank

Pair Corr

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 Correlation Correlation 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.

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First Total Stockholder Equity vs Retained Earnings Analysis

Total Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Retained Earnings

First Quantum fundamental ratios Correlations

First Quantum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Quantum fundamental ratios Accounts

Pair Trading with First Quantum

Moving against First Stock

Other Information on Investing in First Stock

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Other Stockholder Equity	- 0.59	Net Receivables
Other Stockholder Equity	- 0.57	Accounts Payable
Other Stockholder Equity	- 0.51	Net Debt
Common Stock Total Equity	- 0.5	Other Stockholder Equity
Total Current Assets	- 0.5	Other Stockholder Equity
Other Stockholder Equity	- 0.46	Property Plant And Equipment Net