Fortune Net Invested Capital vs Cash 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 Net Invested Capital and its 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.

Net Invested Capital vs Cash

Net Invested Capital vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Net Invested Capital account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fortune Bay's Net Invested Capital and Cash is 0.51. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of 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 Net Invested Capital 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 Net Invested Capital of Fortune Bay Corp 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 Net Invested Capital i.e., Fortune Bay's Net Invested Capital and Cash go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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.
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

0.640.990.97-0.19-0.560.60.610.910.41-0.690.560.610.960.840.350.750.60.250.940.59-0.950.890.960.890.59
0.640.570.6-0.35-0.40.510.480.560.64-0.470.390.290.570.280.270.80.42-0.260.740.87-0.710.650.50.650.39
0.990.570.96-0.14-0.590.60.630.890.35-0.670.580.620.950.870.340.70.620.290.910.54-0.930.870.970.870.62
0.970.60.96-0.22-0.460.530.510.930.4-0.660.460.620.970.810.330.690.490.320.960.54-0.930.830.950.830.49
-0.19-0.35-0.14-0.22-0.270.040.19-0.3-0.820.40.21-0.14-0.20.14-0.25-0.650.13-0.09-0.37-0.320.33-0.4-0.19-0.40.27
-0.56-0.4-0.59-0.46-0.27-0.37-1.0-0.170.20.05-0.99-0.27-0.34-0.48-0.09-0.19-0.98-0.11-0.35-0.510.35-0.33-0.46-0.33-1.0
0.60.510.60.530.04-0.370.40.560.21-0.40.30.710.530.39-0.260.490.34-0.220.590.36-0.560.550.540.550.37
0.610.480.630.510.19-1.00.40.22-0.11-0.120.990.30.390.50.130.280.990.10.420.57-0.420.40.510.40.99
0.910.560.890.93-0.3-0.170.560.220.55-0.770.150.60.980.770.360.760.20.210.950.44-0.960.880.910.880.21
0.410.640.350.4-0.820.20.21-0.110.55-0.54-0.170.230.450.090.350.87-0.08-0.040.590.6-0.60.680.410.68-0.2
-0.69-0.47-0.67-0.660.40.05-0.4-0.12-0.77-0.54-0.06-0.44-0.77-0.59-0.37-0.76-0.13-0.12-0.69-0.150.8-0.7-0.58-0.7-0.09
0.560.390.580.460.21-0.990.30.990.15-0.17-0.060.250.330.470.110.20.990.190.340.52-0.340.330.460.330.99
0.610.290.620.62-0.14-0.270.710.30.60.23-0.440.250.580.47-0.160.40.290.170.590.18-0.520.470.590.470.25
0.960.570.950.97-0.2-0.340.530.390.980.45-0.770.330.580.840.380.730.370.280.950.47-0.970.880.940.880.38
0.840.280.870.810.14-0.480.390.50.770.09-0.590.470.470.840.520.430.490.250.690.26-0.760.680.850.680.52
0.350.270.340.33-0.25-0.09-0.260.130.360.35-0.370.11-0.160.380.520.420.14-0.160.350.3-0.430.440.350.440.11
0.750.80.70.69-0.65-0.190.490.280.760.87-0.760.20.40.730.430.420.28-0.040.830.69-0.870.890.680.890.2
0.60.420.620.490.13-0.980.340.990.2-0.08-0.130.990.290.370.490.140.280.180.380.54-0.40.410.510.410.98
0.25-0.260.290.32-0.09-0.11-0.220.10.21-0.04-0.120.190.170.280.25-0.16-0.040.180.13-0.11-0.150.110.360.110.14
0.940.740.910.96-0.37-0.350.590.420.950.59-0.690.340.590.950.690.350.830.380.130.65-0.970.90.910.90.38
0.590.870.540.54-0.32-0.510.360.570.440.6-0.150.520.180.470.260.30.690.54-0.110.65-0.60.650.560.650.5
-0.95-0.71-0.93-0.930.330.35-0.56-0.42-0.96-0.60.8-0.34-0.52-0.97-0.76-0.43-0.87-0.4-0.15-0.97-0.6-0.95-0.91-0.95-0.39
0.890.650.870.83-0.4-0.330.550.40.880.68-0.70.330.470.880.680.440.890.410.110.90.65-0.950.891.00.37
0.960.50.970.95-0.19-0.460.540.510.910.41-0.580.460.590.940.850.350.680.510.360.910.56-0.910.890.890.5
0.890.650.870.83-0.4-0.330.550.40.880.68-0.70.330.470.880.680.440.890.410.110.90.65-0.951.00.890.37
0.590.390.620.490.27-1.00.370.990.21-0.2-0.090.990.250.380.520.110.20.980.140.380.5-0.390.370.50.37
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Fortune Bay Account Relationship Matchups

Fortune Bay fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.6M19.0M24.8M23.7M24.7M20.2M
Total Current Liabilities778.9K651.7K654.6K198.5K879.0K455.7K
Total Stockholder Equity14.5M18.0M23.8M22.9M22.5M19.4M
Net Tangible Assets15.0M14.5M18.0M23.8M27.3M18.0M
Property Plant And Equipment Net15.5M15.8M18.1M23.0M186.1K176.8K
Net Debt241.7K(2.8M)(6.5M)(531.8K)(86.0K)(90.3K)
Accounts Payable112.6K125.0K170.4K177.4K131.4K146.6K
Cash23.5K3.0M6.5M531.8K585.2K555.9K
Non Current Assets Total15.5M15.9M18.1M23.0M24.0M18.8M
Non Currrent Assets Other15.5M38.3K38.4K38.5K23.1M24.3M
Cash And Short Term Investments23.5K3.0M6.5M531.8K585.2K555.9K
Net Receivables21.9K45.9K76.6K90.6K94.5K62.5K
Common Stock Shares Outstanding21.0M26.3M33.6M42.9M43.4M28.9M
Liabilities And Stockholders Equity15.6M19.0M24.8M23.7M24.7M20.2M
Other Current Assets18.1K40.5K69.1K91.5K51.8K42.2K
Other Stockholder Equity361.4K536.0K783.1K1.6M3.4M3.5M
Total Liab1.1M1.0M1.1M849.6K2.2M2.3M
Total Current Assets63.4K3.1M6.7M713.9K731.5K1.4M
Property Plant Equipment15.3M15.5M15.8M18.1M20.8M17.0M
Other Current Liab401.2K114.8K484.2K21.1K379.8K232.4K
Retained Earnings9.7M8.7M6.8M5.5M4.1M6.8M
Non Current Liabilities Total318.3K354.8K397.3K651.1K1.3M1.4M
Net Working Capital(715.6K)2.5M6.0M515.4K(147.5K)(140.2K)

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Additional Tools for Fortune Stock Analysis

When running Fortune Bay's price analysis, check to measure Fortune Bay'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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.