Fortune Other Current Liab vs Cash And Short Term Investments 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 Other Current Liab and its Cash And Short Term Investments 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.

Other Current Liab vs Cash And Short Term Investments

Other Current Liab vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fortune Bay's Other Current Liab and Cash And Short Term Investments is 0.52. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments 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 Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Fortune Bay Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Fortune Bay's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Other Current Liab

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Fortune Bay Corp balance sheet. This account contains Fortune Bay investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Fortune Bay Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of 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 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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