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 Direction | Positive |
Relationship Strength | Weak |
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
Click cells to compare fundamentals
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) |
Thematic Opportunities
Explore Investment Opportunities
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.