Fortune Total Stockholder Equity vs Other Stockholder Equity 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 Other Stockholder Equity 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 Other Stockholder Equity
Total Stockholder Equity vs Other Stockholder Equity 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 Other Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between Fortune Bay's Total Stockholder Equity and Other Stockholder Equity is 0.34. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Stockholder Equity 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 Other Stockholder Equity 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 Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Stockholder Equity i.e., Fortune Bay's Total Stockholder Equity and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.Other Stockholder Equity
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
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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) |
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