Fortune Total Current Assets vs Short Long Term Debt 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 Total Current Assets and its Short Long Term Debt 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.

Total Current Assets vs Short Long Term Debt

Total Current Assets vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Total Current Assets account and Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fortune Bay's Total Current Assets and Short Long Term Debt is 0.41. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Long Term Debt 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 Total Current Assets and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Fortune Bay Corp are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Total Current Assets i.e., Fortune Bay's Total Current Assets and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.41
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
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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