OFS Depreciation vs Free Cash Flow Analysis

OFS Stock  USD 8.61  0.03  0.35%   
OFS Capital financial indicator trend analysis is much more than just breaking down OFS Capital Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether OFS Capital Corp is a good investment. Please check the relationship between OFS Capital Depreciation and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Capital 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 census.
For more information on how to buy OFS Stock please use our How to Invest in OFS Capital guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of OFS Capital Corp Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between OFS Capital's Depreciation and Free Cash Flow is -0.04. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of OFS Capital Corp, assuming nothing else is changed. The correlation between historical values of OFS Capital's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of OFS Capital Corp are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., OFS Capital's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Depreciation

Depreciation indicates how much of OFS Capital Corp value has been used up. For tax purposes OFS Capital can deduct the cost of the tangible assets it purchases as business expenses. However, OFS Capital Corp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from OFS Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into OFS Capital 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in OFS Capital 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 census.
For more information on how to buy OFS Stock please use our How to Invest in OFS Capital guide.At this time, OFS Capital's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 10.78 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
 2021 2022 2023 2024 (projected)
Net Interest Income24.9M29.2M35.7M31.4M
Interest Income42.4M46.3M55.3M41.8M

OFS Capital fundamental ratios Correlations

0.950.68-0.190.870.950.70.440.85-0.23-0.30.360.450.870.910.990.420.03-0.590.86-0.09-0.26-0.30.810.390.61
0.950.66-0.210.710.960.780.320.85-0.13-0.350.240.40.920.810.980.310.05-0.340.91-0.06-0.18-0.410.860.310.63
0.680.66-0.390.690.560.380.590.79-0.31-0.650.520.080.680.660.640.53-0.05-0.440.63-0.29-0.68-0.140.680.530.42
-0.19-0.21-0.39-0.25-0.12-0.18-0.23-0.320.280.35-0.19-0.16-0.18-0.22-0.16-0.190.090.06-0.30.190.230.01-0.17-0.26-0.1
0.870.710.69-0.250.710.450.660.73-0.45-0.310.590.470.720.890.780.64-0.14-0.760.61-0.17-0.390.00.690.420.44
0.950.960.56-0.120.710.730.170.8-0.06-0.220.090.390.80.80.980.160.14-0.470.88-0.02-0.14-0.40.730.290.57
0.70.780.38-0.180.450.730.140.740.02-0.430.150.40.710.510.750.240.32-0.060.740.22-0.15-0.290.590.430.75
0.440.320.59-0.230.660.170.140.38-0.5-0.310.980.230.520.620.340.97-0.36-0.420.27-0.27-0.40.070.60.40.41
0.850.850.79-0.320.730.80.740.38-0.13-0.750.30.180.860.770.840.360.07-0.380.76-0.06-0.42-0.230.810.330.51
-0.23-0.13-0.310.28-0.45-0.060.02-0.5-0.130.1-0.54-0.61-0.15-0.34-0.15-0.60.20.27-0.110.490.15-0.25-0.22-0.2-0.39
-0.3-0.35-0.650.35-0.31-0.22-0.43-0.31-0.750.1-0.270.18-0.53-0.31-0.29-0.3-0.030.01-0.30.120.470.05-0.52-0.14-0.23
0.360.240.52-0.190.590.090.150.980.3-0.54-0.270.240.440.550.260.99-0.28-0.380.22-0.3-0.40.070.520.430.48
0.450.40.08-0.160.470.390.40.230.18-0.610.180.240.240.270.420.380.0-0.080.270.140.140.360.180.30.45
0.870.920.68-0.180.720.80.710.520.86-0.15-0.530.440.240.840.870.48-0.14-0.310.81-0.12-0.24-0.410.970.220.58
0.910.810.66-0.220.890.80.510.620.77-0.34-0.310.550.270.840.860.56-0.13-0.730.78-0.33-0.3-0.390.850.30.57
0.990.980.64-0.160.780.980.750.340.84-0.15-0.290.260.420.870.860.330.08-0.50.89-0.06-0.2-0.380.810.350.63
0.420.310.53-0.190.640.160.240.970.36-0.6-0.30.990.380.480.560.33-0.24-0.350.26-0.25-0.380.130.550.460.55
0.030.05-0.050.09-0.140.140.32-0.360.070.2-0.03-0.280.0-0.14-0.130.08-0.240.050.3-0.1-0.29-0.08-0.160.160.33
-0.59-0.34-0.440.06-0.76-0.47-0.06-0.42-0.380.270.01-0.38-0.08-0.31-0.73-0.5-0.350.05-0.350.380.30.19-0.32-0.25-0.2
0.860.910.63-0.30.610.880.740.270.76-0.11-0.30.220.270.810.780.890.260.3-0.35-0.24-0.37-0.520.780.410.71
-0.09-0.06-0.290.19-0.17-0.020.22-0.27-0.060.490.12-0.30.14-0.12-0.33-0.06-0.25-0.10.38-0.240.160.45-0.270.19-0.27
-0.26-0.18-0.680.23-0.39-0.14-0.15-0.4-0.420.150.47-0.40.14-0.24-0.3-0.2-0.38-0.290.3-0.370.16-0.15-0.22-0.65-0.22
-0.3-0.41-0.140.010.0-0.4-0.290.07-0.23-0.250.050.070.36-0.41-0.39-0.380.13-0.080.19-0.520.45-0.15-0.430.15-0.38
0.810.860.68-0.170.690.730.590.60.81-0.22-0.520.520.180.970.850.810.55-0.16-0.320.78-0.27-0.22-0.430.150.58
0.390.310.53-0.260.420.290.430.40.33-0.2-0.140.430.30.220.30.350.460.16-0.250.410.19-0.650.150.150.52
0.610.630.42-0.10.440.570.750.410.51-0.39-0.230.480.450.580.570.630.550.33-0.20.71-0.27-0.22-0.380.580.52
Click cells to compare fundamentals

OFS Capital Account Relationship Matchups

OFS Capital fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets538.2M483.8M569.0M520.7M469.8M388.5M
Short Long Term Debt Total352.5M309.2M344.8M331.8M299.7M248.8M
Other Current Liab(13.8M)(11.6M)(12.5M)(3.9M)(3.7M)(3.9M)
Total Current Liabilities13.8M11.6M12.5M104.7K15.0M16.4M
Total Stockholder Equity166.6M159.0M203.7M180.4M162.0M159.7M
Net Debt339.0M271.5M301.8M316.8M254.4M186.0M
Accounts Payable13.8M11.6M12.5M3.9M3.7M3.5M
Cash13.4M37.7M43.0M14.9M45.3M27.5M
Non Current Assets Total516.9M442.3M507.1M500.6M421.4M289.8M
Non Currrent Assets Other(1.3M)(1.4M)(569.0M)(477K)(420.4M)(399.3M)
Other Assets4.5M2.5M2.5M19.6M834K792.3K
Cash And Short Term Investments13.4M37.7M43.0M515.5K45.3M26.4M
Net Receivables3.3M1.3M16.4M2.2M2.2M3.6M
Common Stock Shares Outstanding13.4M13.4M13.4M13.4M13.4M12.4M
Liabilities And Stockholders Equity538.2M483.8M569.0M520.7M469.8M388.5M
Other Stockholder Equity187.3M187.1M185.1M184.8M212.6M163.9M
Total Liab371.6M324.9M365.3M340.3M307.8M228.8M
Total Current Assets16.8M39.0M59.4M517.7K47.6M29.0M
Short Term Debt352.5M32.1M100M104.7K90.5M80.1M
Other Liab587K338K1.4M244K219.6K208.6K
Long Term Debt164.8M242.8M352.5M227.1M261.1M198.6M
Retained Earnings(20.8M)(28.3M)18.5M(4.6M)(23.0M)(21.8M)
Non Current Liabilities Total352.5M309.2M344.8M235.6K299.7M225.8M
Intangible Assets1.5M1.3M1.4M477K69K65.6K
Net Tangible Assets165.3M157.8M203.7M180.4M207.5M180.9M
Deferred Long Term Liab180K1.6M1.0M671K603.9K920.4K
Long Term Investments516.9M442.3M507.1M500.6M420.3M405.7M
Long Term Debt Total164.8M254.8M352.5M227.1M261.1M238.7M
Capital Surpluse187.4M187.5M187.3M184.8M212.6M186.2M
Net Invested Capital519.1M468.1M548.6M512.2M461.7M517.4M

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Additional Tools for OFS Stock Analysis

When running OFS Capital's price analysis, check to measure OFS Capital'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 OFS Capital is operating at the current time. Most of OFS Capital's value examination focuses on studying past and present price action to predict the probability of OFS Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OFS Capital's price. Additionally, you may evaluate how the addition of OFS Capital to your portfolios can decrease your overall portfolio volatility.