Foresight Short Term Investments vs Property Plant Equipment Analysis

FRSX Stock  USD 0.61  0.03  4.69%   
Foresight Autonomous financial indicator trend analysis is much more than just examining Foresight Autonomous latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foresight Autonomous is a good investment. Please check the relationship between Foresight Autonomous Short Term Investments and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foresight Autonomous Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Short Term Investments vs Property Plant Equipment

Short Term Investments vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foresight Autonomous Short Term Investments account and Property Plant Equipment. At this time, the significance of the direction appears to have very week relationship.
The correlation between Foresight Autonomous' Short Term Investments and Property Plant Equipment is 0.25. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Foresight Autonomous Holdings, assuming nothing else is changed. The correlation between historical values of Foresight Autonomous' Short Term Investments and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Foresight Autonomous Holdings are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Short Term Investments i.e., Foresight Autonomous' Short Term Investments and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of Foresight Autonomous balance sheet. It contains any investments Foresight Autonomous Holdings undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Foresight Autonomous can easily liquidate in the marketplace.

Property Plant Equipment

Most indicators from Foresight Autonomous' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foresight Autonomous 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 Foresight Autonomous Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Foresight Autonomous' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 0.1 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.9 M in 2024.
 2023 2024 (projected)
Minority Interest66.6K59.2K
Reconciled Depreciation263K225.8K

Foresight Autonomous fundamental ratios Correlations

-0.9-0.91-0.67-0.84-0.96-0.78-0.6-0.83-0.81-0.69-0.9-0.9-0.90.630.86-0.67-0.4-0.67-0.86-0.22-0.140.1-0.02-0.93-0.68
-0.90.970.840.870.920.760.690.910.930.840.950.960.94-0.77-0.710.80.620.820.860.50.030.020.290.950.83
-0.910.970.750.770.90.690.670.880.840.760.880.930.95-0.72-0.730.760.490.750.870.40.16-0.10.130.970.76
-0.670.840.750.820.830.760.70.860.831.00.830.850.77-0.87-0.550.880.710.980.620.73-0.120.160.480.680.98
-0.840.870.770.820.90.860.680.880.930.810.970.890.8-0.6-0.750.630.690.760.840.58-0.270.30.430.80.77
-0.960.920.90.830.90.820.690.880.850.840.930.910.86-0.77-0.870.80.460.830.80.410.030.020.110.880.84
-0.780.760.690.760.860.820.620.820.890.720.860.790.71-0.53-0.660.560.610.670.740.51-0.240.270.380.710.68
-0.60.690.670.70.680.690.620.90.640.720.680.730.69-0.57-0.580.60.370.730.640.64-0.480.550.110.650.74
-0.830.910.880.860.880.880.820.90.890.860.910.950.91-0.7-0.670.740.630.840.860.64-0.260.320.310.870.85
-0.810.930.840.830.930.850.890.640.890.810.970.920.86-0.64-0.610.670.780.750.860.6-0.190.220.530.860.76
-0.690.840.761.00.810.840.720.720.860.810.820.860.79-0.88-0.580.90.670.990.630.7-0.10.140.430.690.99
-0.90.950.880.830.970.930.860.680.910.970.820.950.9-0.67-0.740.70.690.780.890.53-0.140.180.40.90.79
-0.90.960.930.850.890.910.790.730.950.920.860.950.98-0.72-0.670.760.690.820.910.53-0.030.090.360.940.83
-0.90.940.950.770.80.860.710.690.910.860.790.90.98-0.67-0.650.710.640.750.920.460.1-0.040.280.970.76
0.63-0.77-0.72-0.87-0.6-0.77-0.53-0.57-0.7-0.64-0.88-0.67-0.72-0.670.48-1.0-0.38-0.92-0.4-0.38-0.10.07-0.13-0.62-0.92
0.86-0.71-0.73-0.55-0.75-0.87-0.66-0.58-0.67-0.61-0.58-0.74-0.67-0.650.48-0.52-0.14-0.58-0.68-0.27-0.080.030.17-0.74-0.59
-0.670.80.760.880.630.80.560.60.740.670.90.70.760.71-1.0-0.520.40.930.450.390.1-0.080.130.660.93
-0.40.620.490.710.690.460.610.370.630.780.670.690.690.64-0.38-0.140.40.580.650.73-0.20.220.920.520.58
-0.670.820.750.980.760.830.670.730.840.750.990.780.820.75-0.92-0.580.930.580.560.67-0.080.120.330.671.0
-0.860.860.870.620.840.80.740.640.860.860.630.890.910.92-0.4-0.680.450.650.560.48-0.040.10.340.910.57
-0.220.50.40.730.580.410.510.640.640.60.70.530.530.46-0.38-0.270.390.730.670.48-0.430.480.680.350.67
-0.140.030.16-0.12-0.270.03-0.24-0.48-0.26-0.19-0.1-0.14-0.030.1-0.1-0.080.1-0.2-0.08-0.04-0.43-1.0-0.30.12-0.08
0.10.02-0.10.160.30.020.270.550.320.220.140.180.09-0.040.070.03-0.080.220.120.10.48-1.00.3-0.070.12
-0.020.290.130.480.430.110.380.110.310.530.430.40.360.28-0.130.170.130.920.330.340.68-0.30.30.160.33
-0.930.950.970.680.80.880.710.650.870.860.690.90.940.97-0.62-0.740.660.520.670.910.350.12-0.070.160.68
-0.680.830.760.980.770.840.680.740.850.760.990.790.830.76-0.92-0.590.930.581.00.570.67-0.080.120.330.68
Click cells to compare fundamentals

Foresight Autonomous Account Relationship Matchups

Foresight Autonomous fundamental ratios Accounts

201920202021202220232024 (projected)
Retained Earnings(49.4M)(64.7M)(79.8M)(101.5M)(119.9M)(113.9M)
Other Stockholder Equity65.7M111.7M128.2M129.8M135.3M68.3M
Common Stock Shares Outstanding5.0M7.3M10.7M10.8M11.0M6.3M
Total Stockholder Equity16.3M47.0M48.4M28.3M15.4M25.4M
Net Tangible Assets23.6M16.3M47.0M48.4M55.7M58.4M
Non Current Liabilities Total1.0M853K2.1M1.5M1.2M1.2M
Total Liab3.0M2.9M4.8M4.1M3.3M2.9M
Total Assets19.3M50.0M53.5M32.9M19.3M32.1M
Other Current Liab1.1M1.2M1.3M1.3M1.5M1.1M
Total Current Liabilities2.0M2.0M2.7M2.6M2.2M2.0M
Property Plant And Equipment Net1.9M1.5M3.1M2.8M2.3M1.7M
Net Debt(3.4M)(37.5M)(25.3M)(17.2M)(14.0M)(14.7M)
Accounts Payable498K391K253K315K136K129.2K
Cash4.8M38.8M28.1M19.2M15.6M16.9M
Non Current Assets Total8.6M5.6M7.1M5.6M2.3M2.1M
Non Currrent Assets Other8.4M(8.6M)(7.1M)(5.6M)(1.0)(1.05)
Cash And Short Term Investments10.1M44.0M45.6M26.4M16.1M25.6M
Net Receivables613K204K660K842K692K532.6K
Short Term Investments5.3M5.2M17.5M7.2M474K450.3K
Liabilities And Stockholders Equity19.3M50.0M53.5M32.9M19.3M32.1M
Inventory(5.8M)(557K)114K(278K)1.01.05
Other Current Assets5.8M197K775K944K246K233.7K
Long Term Investments7.6M6.7M4.1M4.0M2.8M0.0
Property Plant And Equipment Gross1.9M1.5M3.1M2.8M3.6M1.9M
Total Current Assets10.7M44.4M46.4M27.3M17.0M26.2M
Property Plant Equipment787K1.9M1.5M3.1M3.6M3.7M
Net Invested Capital16.3M47.0M48.4M28.3M15.4M14.6M
Net Working Capital8.7M42.4M43.7M24.7M14.9M27.2M

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