Freight Total Assets vs Property Plant And Equipment Net Analysis

FRGT Stock  USD 1.75  0.07  4.17%   
Freight Technologies financial indicator trend analysis is much more than just examining Freight Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freight Technologies is a good investment. Please check the relationship between Freight Technologies Total Assets and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Freight Stock please use our How to Invest in Freight Technologies guide.

Total Assets vs Property Plant And Equipment Net

Total Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freight Technologies Total Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Freight Technologies' Total Assets and Property Plant And Equipment Net is 0.78. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Freight Technologies, assuming nothing else is changed. The correlation between historical values of Freight Technologies' Total Assets and Property Plant And Equipment Net 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 Assets of Freight Technologies are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Assets i.e., Freight Technologies' Total Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Freight Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Freight Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Freight Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freight Technologies 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 Freight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Freight Stock please use our How to Invest in Freight Technologies guide.At this time, Freight Technologies' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 110.2 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue21.5M25.9M17.1M16.4M
Depreciation And Amortization3.2K243.3K404.6K232.8K

Freight Technologies fundamental ratios Correlations

0.980.78-0.940.790.760.54-0.910.360.760.93-0.26-0.53-0.97-0.340.27-0.210.150.21-0.57-0.60.180.490.770.46-0.05
0.980.67-0.880.830.640.41-0.950.50.640.97-0.33-0.59-0.99-0.520.13-0.270.040.11-0.67-0.710.260.540.850.4-0.12
0.780.67-0.910.530.990.89-0.58-0.280.990.51-0.06-0.29-0.670.190.75-0.050.120.12-0.08-0.130.040.140.220.180.04
-0.94-0.88-0.91-0.68-0.91-0.760.78-0.05-0.91-0.760.120.540.860.18-0.540.09-0.03-0.070.450.4-0.09-0.41-0.52-0.240.19
0.790.830.53-0.680.540.33-0.930.50.540.8-0.71-0.2-0.89-0.440.06-0.65-0.14-0.08-0.46-0.820.60.090.760.270.26
0.760.640.99-0.910.540.93-0.55-0.321.00.47-0.09-0.23-0.650.220.8-0.080.080.09-0.09-0.120.080.10.180.150.03
0.540.410.89-0.760.330.93-0.29-0.560.930.210.07-0.13-0.410.370.950.06-0.02-0.03-0.020.06-0.05-0.03-0.1-0.06-0.04
-0.91-0.95-0.580.78-0.93-0.55-0.29-0.59-0.55-0.940.490.480.970.56-0.010.420.03-0.020.60.84-0.39-0.35-0.88-0.36-0.07
0.360.5-0.28-0.050.5-0.32-0.56-0.59-0.320.66-0.44-0.3-0.51-0.79-0.78-0.370.080.14-0.62-0.750.350.450.870.450.02
0.760.640.99-0.910.541.00.93-0.55-0.320.47-0.09-0.23-0.650.220.8-0.080.080.09-0.09-0.120.080.10.180.150.03
0.930.970.51-0.760.80.470.21-0.940.660.47-0.35-0.56-0.96-0.58-0.08-0.280.140.21-0.71-0.760.240.580.940.53-0.06
-0.26-0.33-0.060.12-0.71-0.090.070.49-0.44-0.09-0.35-0.390.430.250.230.990.110.010.080.53-0.940.22-0.45-0.24-0.52
-0.53-0.59-0.290.54-0.2-0.23-0.130.48-0.3-0.23-0.56-0.390.480.65-0.03-0.420.250.260.660.40.4-0.62-0.470.120.72
-0.97-0.99-0.670.86-0.89-0.65-0.410.97-0.51-0.65-0.960.430.480.47-0.120.37-0.08-0.150.630.73-0.34-0.45-0.86-0.45-0.01
-0.34-0.520.190.18-0.440.220.370.56-0.790.22-0.580.250.650.470.520.210.450.390.760.77-0.21-0.44-0.710.090.44
0.270.130.75-0.540.060.80.95-0.01-0.780.8-0.080.23-0.03-0.120.520.2-0.1-0.130.170.27-0.19-0.22-0.39-0.25-0.05
-0.21-0.27-0.050.09-0.65-0.080.060.42-0.37-0.08-0.280.99-0.420.370.210.20.140.030.030.45-0.950.24-0.38-0.19-0.49
0.150.040.12-0.03-0.140.08-0.020.030.080.080.140.110.25-0.080.45-0.10.140.980.10.31-0.10.350.130.870.33
0.210.110.12-0.07-0.080.09-0.03-0.020.140.090.210.010.26-0.150.39-0.130.030.980.060.27-0.020.390.20.920.32
-0.57-0.67-0.080.45-0.46-0.09-0.020.6-0.62-0.09-0.710.080.660.630.760.170.030.10.060.69-0.05-0.62-0.72-0.20.48
-0.6-0.71-0.130.4-0.82-0.120.060.84-0.75-0.12-0.760.530.40.730.770.270.450.310.270.69-0.38-0.13-0.82-0.12-0.09
0.180.260.04-0.090.60.08-0.05-0.390.350.080.24-0.940.4-0.34-0.21-0.19-0.95-0.1-0.02-0.05-0.38-0.110.340.160.37
0.490.540.14-0.410.090.1-0.03-0.350.450.10.580.22-0.62-0.45-0.44-0.220.240.350.39-0.62-0.13-0.110.570.44-0.6
0.770.850.22-0.520.760.18-0.1-0.880.870.180.94-0.45-0.47-0.86-0.71-0.39-0.380.130.2-0.72-0.820.340.570.55-0.01
0.460.40.18-0.240.270.15-0.06-0.360.450.150.53-0.240.12-0.450.09-0.25-0.190.870.92-0.2-0.120.160.440.550.38
-0.05-0.120.040.190.260.03-0.04-0.070.020.03-0.06-0.520.72-0.010.44-0.05-0.490.330.320.48-0.090.37-0.6-0.010.38
Click cells to compare fundamentals

Freight Technologies Account Relationship Matchups

Freight Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M6.6M9.3M10.4M10.7M16.1M
Total Stockholder Equity(7.3M)(1.1M)(9.0M)3.1M2.6M2.5M
Property Plant And Equipment Net34.6K56.1K53.4K27.6K46.6K47.5K
Net Debt8.2M2.4M6.9M2.3M1.5M1.6M
Retained Earnings(7.7M)(13.6M)(21.8M)(30.0M)(39.3M)(37.3M)
Cash490.6K2.8M3.2M1.0M1.6M1.5M
Non Current Assets Total800.2K492.6K767.4K956.9K912.5K804.9K
Non Currrent Assets Other13.7K7.8K114.9K172.2K88.5K92.9K
Other Assets13.7K7.8K114.9K172.2K1.00.95
Cash And Short Term Investments490.6K2.8M3.2M1.0M1.6M1.5M
Net Receivables880.6K2.6M4.1M6.9M6.3M11.3M
Liabilities And Stockholders Equity2.2M6.6M9.3M10.4M10.7M16.1M
Non Current Liabilities Total8.1M3.9M12.3M5.3M242.4K230.3K
Other Current Assets5.5M715.5K1.2M1.6M1.9M2.0M
Total Liab9.6M7.8M18.3M7.3M8.1M8.8M
Accumulated Other Comprehensive Income(1.5K)630.0(49.9K)39.0K491.9K467.3K
Intangible Assets751.8K428.7K599.0K757.0K777.5K795.4K
Common Stock11.022.023.0181.2K2.4M2.5M
Other Current Liab145.7K764.5K5.9M1.4M2.9M2.1M
Total Current Liabilities1.5M3.8M18.3M7.3M7.8M7.4M
Accounts Payable779.3K1.7M2.3M2.0M1.9M1.4M
Other Stockholder Equity416.1K13.3M13.1M32.9M39.0M20.0M
Total Current Assets1.4M6.1M8.5M9.5M9.8M12.9M
Short Term Debt527.7K1.3M10.0M3.3M2.8M3.8M
Short Long Term Debt Total8.6M5.2M10.0M3.3M3.1M4.8M
Net Invested Capital1.3M4.1M1.1M6.5M5.7M3.8M
Short Long Term Debt527.7K1.3M10.0M3.3M2.8M3.3M
Capital Stock11.0144.0152.0182.6K2.4M2.5M
Net Working Capital(13.8K)2.3M(9.7M)2.2M2.0M2.1M

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