Fortune Depreciation vs Change In Cash Analysis

FOR Stock

CAD 0.26 0.01 4.00%

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 Depreciation and its Change In Cash 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.

Depreciation vs Change In Cash

Depreciation vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Depreciation account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Fortune Bay's Depreciation and Change In Cash is -0.12. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change In Cash 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 Depreciation and Change In 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 Depreciation of Fortune Bay Corp are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Depreciation i.e., Fortune Bay's Depreciation and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

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Depreciation

Depreciation indicates how much of Fortune Bay Corp value has been used up. For tax purposes Fortune Bay can deduct the cost of the tangible assets it purchases as business expenses. However, Fortune Bay Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change In Cash

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 41.1 K in 2025, whereas Selling General Administrative is likely to drop slightly above 340.7 K in 2025.

Fortune Bay fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Retained Earnings	Short Long Term Debt Total	Net Invested Capital	Short Long Term Debt	Net Working Capital
Total Assets		0.71	1.0	0.99	-0.43	-0.4	0.59	0.5	0.94	0.58	-0.74	0.44	0.69	0.97	0.82	0.42	0.8	0.46	0.37	0.98	0.69	-0.96	0.89	0.91	0.89	0.43
Total Current Liabilities	0.71		0.66	0.62	-0.67	-0.22	0.54	0.38	0.67	0.86	-0.66	0.3	0.42	0.65	0.35	0.41	0.95	0.32	-0.07	0.76	0.83	-0.78	0.8	0.7	0.8	0.22
Total Stockholder Equity	1.0	0.66		0.99	-0.38	-0.43	0.6	0.53	0.92	0.53	-0.73	0.47	0.7	0.96	0.85	0.41	0.76	0.49	0.4	0.96	0.65	-0.95	0.89	0.92	0.89	0.47
Net Tangible Assets	0.99	0.62	0.99		-0.36	-0.39	0.57	0.47	0.94	0.51	-0.71	0.41	0.7	0.98	0.84	0.4	0.73	0.44	0.42	0.96	0.63	-0.94	0.85	0.88	0.85	0.42
Property Plant And Equipment Net	-0.43	-0.67	-0.38	-0.36		-0.28	-0.07	0.12	-0.53	-0.88	0.51	0.15	-0.31	-0.44	-0.02	-0.35	-0.76	0.14	-0.23	-0.45	-0.47	0.5	-0.49	-0.51	-0.49	0.28
Net Debt	-0.4	-0.22	-0.43	-0.39	-0.28		-0.34	-0.98	-0.06	0.22	0.01	-0.98	-0.21	-0.21	-0.44	-0.06	-0.09	-0.98	-0.07	-0.31	-0.42	0.25	-0.29	-0.3	-0.29	-1.0
Accounts Payable	0.59	0.54	0.6	0.57	-0.07	-0.34		0.4	0.54	0.28	-0.43	0.3	0.71	0.54	0.42	-0.19	0.5	0.33	-0.15	0.65	0.41	-0.57	0.58	0.56	0.58	0.34
Cash	0.5	0.38	0.53	0.47	0.12	-0.98	0.4		0.16	-0.04	-0.14	0.99	0.27	0.31	0.48	0.15	0.27	0.99	0.08	0.41	0.51	-0.37	0.42	0.42	0.42	0.98
Non Current Assets Total	0.94	0.67	0.92	0.94	-0.53	-0.06	0.54	0.16		0.69	-0.79	0.1	0.68	0.98	0.73	0.42	0.81	0.12	0.35	0.95	0.59	-0.95	0.85	0.86	0.85	0.1
Non Currrent Assets Other	0.58	0.86	0.53	0.51	-0.88	0.22	0.28	-0.04	0.69		-0.63	-0.1	0.38	0.61	0.22	0.44	0.92	-0.08	0.12	0.65	0.67	-0.7	0.72	0.68	0.72	-0.21
Other Assets	-0.74	-0.66	-0.73	-0.71	0.51	0.01	-0.43	-0.14	-0.79	-0.63		-0.08	-0.52	-0.8	-0.63	-0.43	-0.8	-0.11	-0.22	-0.73	-0.29	0.83	-0.73	-0.71	-0.73	-0.05
Cash And Short Term Investments	0.44	0.3	0.47	0.41	0.15	-0.98	0.3	0.99	0.1	-0.1	-0.08		0.22	0.24	0.44	0.12	0.19	1.0	0.16	0.33	0.46	-0.3	0.35	0.38	0.35	0.98
Net Receivables	0.69	0.42	0.7	0.7	-0.31	-0.21	0.71	0.27	0.68	0.38	-0.52	0.22		0.67	0.52	-0.04	0.51	0.25	0.27	0.67	0.32	-0.61	0.54	0.63	0.54	0.2
Common Stock Shares Outstanding	0.97	0.65	0.96	0.98	-0.44	-0.21	0.54	0.31	0.98	0.61	-0.8	0.24	0.67		0.81	0.44	0.78	0.27	0.4	0.96	0.6	-0.97	0.87	0.88	0.87	0.25
Other Current Assets	0.82	0.35	0.85	0.84	-0.02	-0.44	0.42	0.48	0.73	0.22	-0.63	0.44	0.52	0.81		0.55	0.48	0.46	0.31	0.75	0.34	-0.77	0.72	0.78	0.72	0.48
Other Stockholder Equity	0.42	0.41	0.41	0.4	-0.35	-0.06	-0.19	0.15	0.42	0.44	-0.43	0.12	-0.04	0.44	0.55		0.48	0.13	-0.08	0.41	0.37	-0.49	0.49	0.45	0.49	0.08
Total Liab	0.8	0.95	0.76	0.73	-0.76	-0.09	0.5	0.27	0.81	0.92	-0.8	0.19	0.51	0.78	0.48	0.48		0.21	0.12	0.84	0.73	-0.88	0.89	0.84	0.89	0.11
Total Current Assets	0.46	0.32	0.49	0.44	0.14	-0.98	0.33	0.99	0.12	-0.08	-0.11	1.0	0.25	0.27	0.46	0.13	0.21		0.16	0.36	0.47	-0.32	0.37	0.4	0.37	0.98
Common Stock	0.37	-0.07	0.4	0.42	-0.23	-0.07	-0.15	0.08	0.35	0.12	-0.22	0.16	0.27	0.4	0.31	-0.08	0.12	0.16		0.25	0.04	-0.28	0.21	0.39	0.21	0.11
Property Plant Equipment	0.98	0.76	0.96	0.96	-0.45	-0.31	0.65	0.41	0.95	0.65	-0.73	0.33	0.67	0.96	0.75	0.41	0.84	0.36	0.25		0.72	-0.96	0.91	0.89	0.91	0.33
Other Current Liab	0.69	0.83	0.65	0.63	-0.47	-0.42	0.41	0.51	0.59	0.67	-0.29	0.46	0.32	0.6	0.34	0.37	0.73	0.47	0.04	0.72		-0.69	0.7	0.62	0.7	0.41
Retained Earnings	-0.96	-0.78	-0.95	-0.94	0.5	0.25	-0.57	-0.37	-0.95	-0.7	0.83	-0.3	-0.61	-0.97	-0.77	-0.49	-0.88	-0.32	-0.28	-0.96	-0.69		-0.94	-0.91	-0.94	-0.29
Short Long Term Debt Total	0.89	0.8	0.89	0.85	-0.49	-0.29	0.58	0.42	0.85	0.72	-0.73	0.35	0.54	0.87	0.72	0.49	0.89	0.37	0.21	0.91	0.7	-0.94		0.95	1.0	0.32
Net Invested Capital	0.91	0.7	0.92	0.88	-0.51	-0.3	0.56	0.42	0.86	0.68	-0.71	0.38	0.63	0.88	0.78	0.45	0.84	0.4	0.39	0.89	0.62	-0.91	0.95		0.95	0.33
Short Long Term Debt	0.89	0.8	0.89	0.85	-0.49	-0.29	0.58	0.42	0.85	0.72	-0.73	0.35	0.54	0.87	0.72	0.49	0.89	0.37	0.21	0.91	0.7	-0.94	1.0	0.95		0.32
Net Working Capital	0.43	0.22	0.47	0.42	0.28	-1.0	0.34	0.98	0.1	-0.21	-0.05	0.98	0.2	0.25	0.48	0.08	0.11	0.98	0.11	0.33	0.41	-0.29	0.32	0.33	0.32

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Fortune Bay Account Relationship Matchups

Fortune Bay fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	19.0M	24.8M	23.7M	24.7M	28.4M	20.2M
Total Current Liabilities	651.7K	654.6K	198.5K	879.0K	1.0M	1.1M
Total Stockholder Equity	18.0M	23.8M	22.9M	22.5M	25.9M	19.4M
Net Tangible Assets	15.0M	14.5M	18.0M	23.8M	27.3M	18.0M
Property Plant And Equipment Net	15.8M	18.1M	23.0M	186.1K	167.5K	159.1K
Net Debt	(2.8M)	(6.5M)	(531.8K)	(86.0K)	(77.4K)	(81.2K)
Accounts Payable	125.0K	170.4K	177.4K	131.4K	151.1K	146.6K
Cash	3.0M	6.5M	531.8K	585.2K	672.9K	1.3M
Non Current Assets Total	15.9M	18.1M	23.0M	24.0M	27.6M	18.8M
Non Currrent Assets Other	38.3K	38.4K	38.5K	23.1M	26.6M	28.0M
Cash And Short Term Investments	3.0M	6.5M	531.8K	585.2K	672.9K	1.3M
Net Receivables	45.9K	76.6K	90.6K	94.5K	108.7K	62.5K
Common Stock Shares Outstanding	26.3M	33.6M	42.9M	43.4M	50.0M	28.9M
Liabilities And Stockholders Equity	19.0M	24.8M	23.7M	24.7M	28.4M	20.2M
Other Current Assets	40.5K	69.1K	91.5K	51.8K	59.6K	42.2K
Other Stockholder Equity	536.0K	783.1K	1.6M	3.4M	3.9M	4.1M
Total Liab	1.0M	1.1M	849.6K	2.2M	2.5M	2.6M
Total Current Assets	3.1M	6.7M	713.9K	731.5K	841.2K	1.4M
Accumulated Other Comprehensive Income	1.2M	1.7M	1.4M	191.5K	172.4K	163.7K
Property Plant Equipment	15.3M	15.5M	15.8M	18.1M	20.8M	17.0M
Other Current Liab	114.8K	484.2K	21.1K	379.8K	436.8K	232.4K
Retained Earnings	8.7M	6.8M	5.5M	4.1M	3.7M	6.8M
Non Current Liabilities Total	354.8K	397.3K	651.1K	1.3M	1.5M	1.6M
Net Invested Capital	190.6K	23.8M	22.9M	23.0M	26.5M	27.8M
Net Working Capital	2.5M	6.0M	515.4K	(147.5K)	(169.7K)	(161.2K)
Property Plant And Equipment Gross	16.0M	18.2M	23.2M	23.5M	27.1M	21.2M

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