Farm Total Current Assets vs Depreciation And Amortization Analysis

FRM Stock   0.12  0.01  7.69%   
Farm Pride financial indicator trend analysis is much more than just examining Farm Pride Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Farm Pride Foods is a good investment. Please check the relationship between Farm Pride Total Current Assets and its Depreciation And Amortization accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Farm Pride Foods. 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 Depreciation And Amortization

Total Current Assets vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Farm Pride Foods Total Current Assets account and Depreciation And Amortization. At this time, the significance of the direction appears to have weak relationship.
The correlation between Farm Pride's Total Current Assets and Depreciation And Amortization is 0.3. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Farm Pride Foods, assuming nothing else is changed. The correlation between historical values of Farm Pride's Total Current Assets and Depreciation And Amortization 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 Farm Pride Foods are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Total Current Assets i.e., Farm Pride's Total Current Assets and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Farm Pride's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Farm Pride Foods 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 Farm Pride Foods. 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.
Selling General Administrative is likely to drop to about 12.7 M in 2024. Tax Provision is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Other Operating Expenses83.5M89.3M91.5M78.6M
Interest Expense2.2M2.5M3.2M3.4M

Farm Pride fundamental ratios Correlations

0.410.340.470.970.390.280.190.20.970.110.010.690.190.330.640.38-0.210.520.330.630.60.37-0.150.16-0.07
0.41-0.140.030.330.32-0.1-0.390.280.310.34-0.020.480.20.430.530.55-0.040.440.540.540.50.320.24-0.28-0.39
0.34-0.14-0.050.320.29-0.180.79-0.410.28-0.470.640.570.18-0.050.23-0.19-0.050.420.030.370.520.23-0.670.88-0.17
0.470.03-0.050.47-0.610.96-0.05-0.190.440.26-0.370.17-0.6-0.590.420.080.44-0.44-0.560.23-0.02-0.62-0.3-0.110.36
0.970.330.320.470.380.30.140.250.990.01-0.060.60.140.330.590.28-0.260.50.290.450.50.37-0.180.20.07
0.390.320.29-0.610.38-0.740.110.370.41-0.180.320.380.830.930.130.27-0.620.860.910.240.51.00.240.24-0.38
0.28-0.1-0.180.960.3-0.74-0.15-0.160.290.24-0.48-0.09-0.74-0.680.22-0.010.44-0.58-0.690.01-0.28-0.73-0.32-0.160.53
0.19-0.390.79-0.050.140.11-0.15-0.40.12-0.380.620.410.12-0.110.04-0.23-0.140.23-0.160.340.360.06-0.450.52-0.2
0.20.28-0.41-0.190.250.37-0.16-0.40.290.47-0.36-0.160.180.58-0.220.12-0.590.40.36-0.07-0.080.450.33-0.35-0.04
0.970.310.280.440.990.410.290.120.290.02-0.120.570.150.360.550.33-0.330.510.320.420.470.4-0.160.170.09
0.110.34-0.470.260.01-0.180.24-0.380.470.02-0.21-0.03-0.010.05-0.080.080.08-0.15-0.020.36-0.02-0.130.42-0.58-0.26
0.01-0.020.64-0.37-0.060.32-0.480.62-0.36-0.12-0.210.460.520.120.06-0.370.030.370.120.420.550.270.020.45-0.55
0.690.480.570.170.60.38-0.090.41-0.160.57-0.030.460.390.250.670.3-0.020.560.380.760.960.32-0.10.26-0.58
0.190.20.18-0.60.140.83-0.740.120.180.15-0.010.520.390.770.030.11-0.280.570.780.320.550.810.540.09-0.66
0.330.43-0.05-0.590.330.93-0.68-0.110.580.360.050.120.250.770.080.38-0.660.80.930.210.390.950.48-0.1-0.38
0.640.530.230.420.590.130.220.04-0.220.55-0.080.060.670.030.080.40.160.290.230.560.640.09-0.120.05-0.12
0.380.55-0.190.080.280.27-0.01-0.230.120.330.08-0.370.30.110.380.4-0.120.310.520.430.290.270.11-0.32-0.13
-0.21-0.04-0.050.44-0.26-0.620.44-0.14-0.59-0.330.080.03-0.02-0.28-0.660.16-0.12-0.64-0.470.1-0.07-0.65-0.07-0.020.0
0.520.440.42-0.440.50.86-0.580.230.40.51-0.150.370.560.570.80.290.31-0.640.760.410.660.850.00.3-0.38
0.330.540.03-0.560.290.91-0.69-0.160.360.32-0.020.120.380.780.930.230.52-0.470.760.280.510.910.41-0.03-0.46
0.630.540.370.230.450.240.010.34-0.070.420.360.420.760.320.210.560.430.10.410.280.760.210.010.02-0.58
0.60.50.52-0.020.50.5-0.280.36-0.080.47-0.020.550.960.550.390.640.29-0.070.660.510.760.450.040.23-0.7
0.370.320.23-0.620.371.0-0.730.060.450.4-0.130.270.320.810.950.090.27-0.650.850.910.210.450.270.2-0.36
-0.150.24-0.67-0.3-0.180.24-0.32-0.450.33-0.160.420.02-0.10.540.48-0.120.11-0.070.00.410.010.040.27-0.72-0.39
0.16-0.280.88-0.110.20.24-0.160.52-0.350.17-0.580.450.260.09-0.10.05-0.32-0.020.3-0.030.020.230.2-0.720.1
-0.07-0.39-0.170.360.07-0.380.53-0.2-0.040.09-0.26-0.55-0.58-0.66-0.38-0.12-0.130.0-0.38-0.46-0.58-0.7-0.36-0.390.1
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Farm Pride Account Relationship Matchups

Farm Pride fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets92.1M72.0M58.7M55.9M60.8M56.3M
Other Current Liab3.8M3.7M6.7M4.9M4.3M2.5M
Total Current Liabilities19.7M16.5M18.9M19.7M22.7M18.8M
Total Stockholder Equity41.1M29.1M9.4M5.1M2.8M2.7M
Property Plant And Equipment Net63.7M43.0M36.0M28.5M35.2M31.9M
Net Debt31.1M28.8M32.7M32.6M41.6M43.7M
Retained Earnings11.5M(433K)(20.2M)(29.3M)(31.7M)(30.1M)
Accounts Payable11.5M8.8M7.7M11.3M10.3M11.4M
Cash4.4M1.3M2.2M2.0M1.7M1.1M
Non Current Assets Total67.0M48.8M36.0M28.5M35.2M33.6M
Cash And Short Term Investments4.4M1.3M2.2M2.0M1.7M1.6M
Net Receivables7.4M6.1M7.9M8.6M12.0M9.1M
Liabilities And Stockholders Equity92.1M72.0M58.7M55.9M60.8M56.3M
Non Current Liabilities Total31.3M26.4M30.5M31.2M35.3M37.0M
Inventory12.4M12.1M10.7M14.2M11.2M8.6M
Other Current Assets812K3.6M1.9M2.6M677K1.1M
Other Stockholder Equity(41.1M)(29.1M)(9.4M)(5.0M)(4.5M)(4.3M)
Total Liab51.0M42.9M49.4M50.9M58.0M30.9M
Property Plant And Equipment Gross60.6M92.1M97.0M94.7M97.1M101.9M
Total Current Assets25.1M23.2M22.7M27.4M25.6M22.3M
Accumulated Other Comprehensive Income(35.4M)0.0(49.1M)71K187K196.4K
Short Long Term Debt Total35.5M30.1M34.8M34.5M43.3M45.4M
Current Deferred Revenue(4.4M)(4.0M)(4.5M)(3.5M)5.6M5.9M
Short Term Debt4.4M4.0M4.5M3.5M8.1M4.9M
Long Term Debt19.4M18.7M11.6M15.6M12.7M9.6M
Property Plant Equipment60.6M42.6M35.6M28.5M32.8M33.1M
Non Currrent Assets Other3.1M(1.0)(36.0M)(28.5M)433K454.7K
Other Assets1.3M2.7M6.4M1.0403K0.0
Net Tangible Assets41.1M29.1M9.4M5.1M4.5M4.3M
Long Term Debt Total31.1M26.2M30.3M31.1M35.7M37.5M
Capital Lease Obligations16.0M11.4M23.2M18.7M26.2M27.5M
Net Invested Capital60.6M47.9M20.9M20.9M19.9M33.4M

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