Fortune Total Stockholder Equity vs Net Tangible Assets 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 Stockholder Equity and its Net Tangible Assets 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 Stockholder Equity vs Net Tangible Assets

Total Stockholder Equity vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Bay Corp Total Stockholder Equity account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fortune Bay's Total Stockholder Equity and Net Tangible Assets is 0.96. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Tangible Assets 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 Stockholder Equity and Net Tangible Assets 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 Stockholder Equity of Fortune Bay Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Stockholder Equity i.e., Fortune Bay's Total Stockholder Equity and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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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