Forum Total Liab vs Cash Analysis

FMC Stock

CAD 0.07 0.01 16.67%

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

Total Liab vs Cash

Total Liab vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Metals Total Liab account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Forum Energy's Total Liab and Cash is 0.48. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Forum Energy Metals, assuming nothing else is changed. The correlation between historical values of Forum Energy's Total Liab 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 Liab of Forum Energy Metals 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 Liab i.e., Forum Energy's Total Liab and Cash go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Cash

Cash refers to the most liquid asset of Forum Energy Metals, which is listed under current asset account on Forum Energy Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Forum Energy customers. The amounts must be unrestricted with restricted cash listed in a different Forum Energy 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 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 Metals 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 Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Forum Energy's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 23.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.2 M in 2024.

	2022	2023	2024 (projected)
Other Operating Expenses	6.5M	7.4M	7.8M
Depreciation And Amortization	18.9K	21.8K	22.9K

Other Operating Expenses Depreciation And Amortization

Forum Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Investments	Inventory	Other Current Assets	Non Currrent Assets Other	Common Stock	Net Tangible Assets	Property Plant Equipment	Other Assets	Net Invested Capital	Net Working Capital
Total Assets		0.18	0.89	0.41	-0.35	-0.34	0.12	0.32	0.51	0.86	0.51	0.12	0.14	0.16	0.78	0.18	0.65	0.6	0.13	0.29	0.03	0.14	-0.12	0.0	0.44	0.39
Total Current Liabilities	0.18		-0.23	-0.59	-0.64	-0.65	0.48	0.49	-0.38	0.14	-0.13	0.88	0.05	1.0	0.37	0.93	-0.32	-0.01	0.9	-0.23	0.8	0.6	-0.58	-0.62	0.0	0.24
Total Stockholder Equity	0.89	-0.23		0.66	-0.11	-0.12	-0.04	0.17	0.68	0.83	0.59	-0.24	0.11	-0.25	0.66	-0.22	0.77	0.66	-0.26	0.35	-0.2	0.01	0.05	0.24	0.41	0.3
Property Plant And Equipment Net	0.41	-0.59	0.66		0.54	0.17	-0.07	-0.45	0.96	0.16	0.49	-0.66	0.23	-0.61	-0.12	-0.64	0.6	0.47	-0.66	0.79	-0.64	-0.55	0.68	0.48	-0.07	-0.38
Net Debt	-0.35	-0.64	-0.11	0.54		0.53	-0.32	-0.96	0.46	-0.5	0.09	-0.69	-0.04	-0.63	-0.72	-0.61	0.33	-0.33	-0.58	0.39	-0.68	-0.75	0.67	0.48	-0.7	-0.86
Retained Earnings	-0.34	-0.65	-0.12	0.17	0.53		-0.34	-0.51	0.03	-0.21	0.04	-0.77	0.06	-0.64	-0.41	-0.55	0.24	-0.55	-0.52	-0.14	-0.73	-0.53	0.46	0.68	-0.05	-0.27
Accounts Payable	0.12	0.48	-0.04	-0.07	-0.32	-0.34		0.32	-0.08	0.07	0.38	0.24	0.23	0.47	0.18	0.15	-0.22	0.17	0.1	-0.02	0.2	0.19	-0.26	-0.17	0.04	0.18
Cash	0.32	0.49	0.17	-0.45	-0.96	-0.51	0.32		-0.42	0.52	-0.05	0.57	0.03	0.48	0.72	0.44	-0.33	0.42	0.4	-0.4	0.63	0.75	-0.65	-0.45	0.73	0.9
Non Current Assets Total	0.51	-0.38	0.68	0.96	0.46	0.03	-0.08	-0.42		0.23	0.47	-0.49	0.28	-0.4	-0.05	-0.4	0.63	0.48	-0.42	0.83	-0.48	-0.45	0.62	0.4	-0.13	-0.42
Cash And Short Term Investments	0.86	0.14	0.83	0.16	-0.5	-0.21	0.07	0.52	0.23		0.46	0.09	-0.01	0.12	0.92	0.17	0.64	0.47	0.14	-0.08	0.14	0.39	-0.36	0.07	0.55	0.61
Net Receivables	0.51	-0.13	0.59	0.49	0.09	0.04	0.38	-0.05	0.47	0.46		-0.28	-0.09	-0.15	0.34	-0.25	0.56	0.15	-0.28	0.15	-0.22	-0.03	0.05	0.37	0.07	0.06
Common Stock Shares Outstanding	0.12	0.88	-0.24	-0.66	-0.69	-0.77	0.24	0.57	-0.49	0.09	-0.28		-0.14	0.89	0.39	0.88	-0.45	0.06	0.86	-0.28	0.91	0.7	-0.63	-0.83	0.1	0.36
Other Stockholder Equity	0.14	0.05	0.11	0.23	-0.04	0.06	0.23	0.03	0.28	-0.01	-0.09	-0.14		0.04	-0.06	-0.03	-0.04	0.16	0.0	0.17	-0.16	-0.05	0.02	0.15	-0.01	-0.02
Total Liab	0.16	1.0	-0.25	-0.61	-0.63	-0.64	0.47	0.48	-0.4	0.12	-0.15	0.89	0.04		0.36	0.93	-0.34	-0.03	0.9	-0.25	0.8	0.6	-0.58	-0.63	-0.01	0.24
Total Current Assets	0.78	0.37	0.66	-0.12	-0.72	-0.41	0.18	0.72	-0.05	0.92	0.34	0.39	-0.06	0.36		0.36	0.37	0.46	0.33	-0.29	0.42	0.6	-0.63	-0.23	0.6	0.79
Other Current Liab	0.18	0.93	-0.22	-0.64	-0.61	-0.55	0.15	0.44	-0.4	0.17	-0.25	0.88	-0.03	0.93	0.36		-0.25	-0.11	0.99	-0.25	0.8	0.63	-0.53	-0.57	0.03	0.22
Short Term Investments	0.65	-0.32	0.77	0.6	0.33	0.24	-0.22	-0.33	0.63	0.64	0.56	-0.45	-0.04	-0.34	0.37	-0.25		0.15	-0.25	0.26	-0.42	-0.24	0.2	0.49	-0.05	-0.13
Inventory	0.6	-0.01	0.66	0.47	-0.33	-0.55	0.17	0.42	0.48	0.47	0.15	0.06	0.16	-0.03	0.46	-0.11	0.15		-0.18	0.49	0.09	0.06	-0.03	-0.15	0.45	0.37
Other Current Assets	0.13	0.9	-0.26	-0.66	-0.58	-0.52	0.1	0.4	-0.42	0.14	-0.28	0.86	0.0	0.9	0.33	0.99	-0.25	-0.18		-0.29	0.78	0.63	-0.54	-0.52	-0.02	0.2
Non Currrent Assets Other	0.29	-0.23	0.35	0.79	0.39	-0.14	-0.02	-0.4	0.83	-0.08	0.15	-0.28	0.17	-0.25	-0.29	-0.25	0.26	0.49	-0.29		-0.37	-0.49	0.75	0.18	-0.12	-0.51
Common Stock	0.03	0.8	-0.2	-0.64	-0.68	-0.73	0.2	0.63	-0.48	0.14	-0.22	0.91	-0.16	0.8	0.42	0.8	-0.42	0.09	0.78	-0.37		0.86	-0.7	-0.76	0.08	0.4
Net Tangible Assets	0.14	0.6	0.01	-0.55	-0.75	-0.53	0.19	0.75	-0.45	0.39	-0.03	0.7	-0.05	0.6	0.6	0.63	-0.24	0.06	0.63	-0.49	0.86		-0.71	-0.52	0.32	0.6
Property Plant Equipment	-0.12	-0.58	0.05	0.68	0.67	0.46	-0.26	-0.65	0.62	-0.36	0.05	-0.63	0.02	-0.58	-0.63	-0.53	0.2	-0.03	-0.54	0.75	-0.7	-0.71		0.41	-0.16	-0.66
Other Assets	0.0	-0.62	0.24	0.48	0.48	0.68	-0.17	-0.45	0.4	0.07	0.37	-0.83	0.15	-0.63	-0.23	-0.57	0.49	-0.15	-0.52	0.18	-0.76	-0.52	0.41		-0.1	-0.27
Net Invested Capital	0.44	0.0	0.41	-0.07	-0.7	-0.05	0.04	0.73	-0.13	0.55	0.07	0.1	-0.01	-0.01	0.6	0.03	-0.05	0.45	-0.02	-0.12	0.08	0.32	-0.16	-0.1		0.84
Net Working Capital	0.39	0.24	0.3	-0.38	-0.86	-0.27	0.18	0.9	-0.42	0.61	0.06	0.36	-0.02	0.24	0.79	0.22	-0.13	0.37	0.2	-0.51	0.4	0.6	-0.66	-0.27	0.84

Click cells to compare fundamentals

Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4M	6.0M	3.4M	3.4M	3.1M	5.2M
Total Current Liabilities	497.1K	634.9K	763.4K	1.3M	1.5M	1.5M
Total Stockholder Equity	1.9M	5.3M	2.6M	2.2M	2.0M	1.9M
Property Plant And Equipment Net	1.1M	1.0M	999.6K	127.1K	114.4K	108.6K
Net Debt	(182.9K)	(3.1M)	(1.1M)	(1.4M)	(1.6M)	(1.7M)
Retained Earnings	(52.7M)	(56.1M)	(60.7M)	(66.0M)	(59.4M)	(56.5M)
Accounts Payable	189.5K	238.9K	489.5K	181.1K	208.2K	262.5K
Cash	270.4K	3.1M	1.1M	1.4M	1.3M	881.7K
Non Current Assets Total	1.1M	1.0M	999.6K	1.2M	1.0M	990.1K
Cash And Short Term Investments	285.1K	3.1M	1.2M	1.5M	1.3M	1.2M
Net Receivables	4.8K	95.9K	242.2K	38.3K	34.4K	32.7K
Common Stock Shares Outstanding	114.3M	151.4M	170.7M	205.2M	236.0M	247.8M
Liabilities And Stockholders Equity	2.4M	6.0M	3.4M	3.4M	3.1M	5.2M
Other Stockholder Equity	7.9M	8.2M	9.2M	9.5M	8.6M	11.1M
Total Liab	537.1K	634.9K	763.4K	1.3M	1.5M	1.5M
Total Current Assets	1.3M	4.9M	2.4M	2.3M	2.6M	2.2M
Other Current Liab	91.7K	396.0K	273.9K	1.1M	1.3M	1.3M
Short Term Investments	14.7K	17.8K	48.6K	46.8K	42.1K	40.0K
Other Current Assets	11.0K	160.7K	191.7K	781.8K	899.0K	944.0K
Common Stock	46.7M	53.2M	54.1M	58.7M	67.5M	50.7M
Net Tangible Assets	2.7M	2.3M	1.9M	5.3M	6.1M	3.1M
Property Plant Equipment	2.7M	2.7M	1.1M	1.0M	940.2K	1.5M
Net Invested Capital	2.0M	5.3M	2.6M	2.2M	2.5M	3.1M
Net Working Capital	842.0K	4.3M	1.6M	1.0M	1.2M	1.3M
Capital Stock	46.7M	53.2M	54.1M	58.7M	67.5M	55.5M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC