First Free Cash Flow vs Other Non Cash Items Analysis
| HELI Stock | 0.04 0.01 12.50% |
First Helium financial indicator trend analysis is much more than just examining First Helium latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Helium is a good investment. Please check the relationship between First Helium Free Cash Flow and its Other Non Cash Items accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Helium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Free Cash Flow vs Other Non Cash Items
Free Cash Flow vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Helium Free Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have weak relationship.
The correlation between First Helium's Free Cash Flow and Other Non Cash Items is 0.34. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of First Helium, assuming nothing else is changed. The correlation between historical values of First Helium's Free Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of First Helium are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Free Cash Flow i.e., First Helium's Free Cash Flow and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.34 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Other Non Cash Items
Most indicators from First Helium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Helium 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Helium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, First Helium's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 1.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 M in 2024.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 18.9K | 17.0K | 16.1K | Interest Income | 41.0K | 294.0 | 279.3 |
First Helium fundamental ratios Correlations
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First Helium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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When running First Helium's price analysis, check to measure First Helium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Helium is operating at the current time. Most of First Helium's value examination focuses on studying past and present price action to predict the probability of First Helium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Helium's price. Additionally, you may evaluate how the addition of First Helium to your portfolios can decrease your overall portfolio volatility.