Fortune Cash vs Non Current Assets Total Analysis
FOR Stock | CAD 0.25 0.01 4.17% |
Fortune Bay financial indicator trend analysis is much more than just examining Fortune Bay Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortune Bay Corp is a good investment. Please check the relationship between Fortune Bay Cash and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortune Bay Corp. 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.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Cash account and Non Current Assets Total. At this time, the significance of the direction appears to have very week relationship.
The correlation between Fortune Bay's Cash and Non Current Assets Total is 0.22. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Fortune Bay Corp, assuming nothing else is changed. The correlation between historical values of Fortune Bay's Cash and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Fortune Bay Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Fortune Bay's Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Fortune Bay Corp, which is listed under current asset account on Fortune Bay Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fortune Bay customers. The amounts must be unrestricted with restricted cash listed in a different Fortune Bay 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.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Fortune Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Bay Corp 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 Fortune Bay Corp. 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. Tax Provision is likely to climb to about 45.7 K in 2024, whereas Selling General Administrative is likely to drop slightly above 296.3 K in 2024.
Fortune Bay fundamental ratios Correlations
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Fortune Bay Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortune Bay fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.6M | 19.0M | 24.8M | 23.7M | 24.7M | 20.2M | |
Total Current Liabilities | 778.9K | 651.7K | 654.6K | 198.5K | 879.0K | 455.7K | |
Total Stockholder Equity | 14.5M | 18.0M | 23.8M | 22.9M | 22.5M | 19.4M | |
Net Tangible Assets | 15.0M | 14.5M | 18.0M | 23.8M | 27.3M | 18.0M | |
Property Plant And Equipment Net | 15.5M | 15.8M | 18.1M | 23.0M | 186.1K | 176.8K | |
Net Debt | 241.7K | (2.8M) | (6.5M) | (531.8K) | (86.0K) | (90.3K) | |
Accounts Payable | 112.6K | 125.0K | 170.4K | 177.4K | 131.4K | 146.6K | |
Cash | 23.5K | 3.0M | 6.5M | 531.8K | 585.2K | 555.9K | |
Non Current Assets Total | 15.5M | 15.9M | 18.1M | 23.0M | 24.0M | 18.8M | |
Non Currrent Assets Other | 15.5M | 38.3K | 38.4K | 38.5K | 23.1M | 24.3M | |
Cash And Short Term Investments | 23.5K | 3.0M | 6.5M | 531.8K | 585.2K | 555.9K | |
Net Receivables | 21.9K | 45.9K | 76.6K | 90.6K | 94.5K | 62.5K | |
Common Stock Shares Outstanding | 21.0M | 26.3M | 33.6M | 42.9M | 43.4M | 28.9M | |
Liabilities And Stockholders Equity | 15.6M | 19.0M | 24.8M | 23.7M | 24.7M | 20.2M | |
Other Current Assets | 18.1K | 40.5K | 69.1K | 91.5K | 51.8K | 42.2K | |
Other Stockholder Equity | 361.4K | 536.0K | 783.1K | 1.6M | 3.4M | 3.5M | |
Total Liab | 1.1M | 1.0M | 1.1M | 849.6K | 2.2M | 2.3M | |
Total Current Assets | 63.4K | 3.1M | 6.7M | 713.9K | 731.5K | 1.4M | |
Property Plant Equipment | 15.3M | 15.5M | 15.8M | 18.1M | 20.8M | 17.0M | |
Other Current Liab | 401.2K | 114.8K | 484.2K | 21.1K | 379.8K | 232.4K | |
Retained Earnings | 9.7M | 8.7M | 6.8M | 5.5M | 4.1M | 6.8M | |
Non Current Liabilities Total | 318.3K | 354.8K | 397.3K | 651.1K | 1.3M | 1.4M | |
Net Working Capital | (715.6K) | 2.5M | 6.0M | 515.4K | (147.5K) | (140.2K) |
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