FSPG Short Long Term Debt Total vs Inventory Analysis

000973 Stock   8.19  0.91  10.00%   
FSPG Hi financial indicator trend analysis is much more than just examining FSPG Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FSPG Hi Tech is a good investment. Please check the relationship between FSPG Hi Short Long Term Debt Total and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in FSPG Hi Tech Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Short Long Term Debt Total vs Inventory

Short Long Term Debt Total vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FSPG Hi Tech Short Long Term Debt Total account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between FSPG Hi's Short Long Term Debt Total and Inventory is 0.92. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Inventory in the same time period over historical financial statements of FSPG Hi Tech Co, assuming nothing else is changed. The correlation between historical values of FSPG Hi's Short Long Term Debt Total and Inventory 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 Long Term Debt Total of FSPG Hi Tech Co are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Long Term Debt Total i.e., FSPG Hi's Short Long Term Debt Total and Inventory go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Short Long Term Debt Total

Inventory

Most indicators from FSPG Hi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FSPG Hi Tech 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in FSPG Hi Tech Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 14.5 M, whereas Selling General Administrative is forecasted to decline to about 39 M.
 2021 2022 2023 2024 (projected)
Operating Income256.4M212.7M187.8M163.2M
Total Revenue2.5B2.6B2.2B2.3B

FSPG Hi fundamental ratios Correlations

0.690.590.60.610.86-0.220.310.330.40.630.91-0.810.470.750.470.78-0.130.70.740.930.370.590.670.570.24
0.690.30.780.030.450.470.87-0.370.470.110.58-0.68-0.160.360.50.920.050.840.920.690.680.230.170.780.47
0.590.30.540.130.39-0.260.020.010.490.520.51-0.470.310.090.350.420.50.370.630.58-0.030.50.28-0.020.31
0.60.780.54-0.040.210.230.57-0.320.730.320.4-0.570.040.310.030.760.220.80.850.70.810.0-0.020.440.35
0.610.030.13-0.040.66-0.54-0.270.77-0.230.670.65-0.370.60.690.050.06-0.49-0.010.010.48-0.020.550.910.08-0.15
0.860.450.390.210.66-0.240.180.540.040.390.95-0.790.40.710.560.54-0.210.490.450.650.060.710.770.50.22
-0.220.47-0.260.23-0.54-0.240.81-0.81-0.06-0.72-0.140.04-0.88-0.350.210.220.340.250.33-0.260.34-0.16-0.40.40.49
0.310.870.020.57-0.270.180.81-0.670.29-0.370.31-0.43-0.620.040.490.710.140.660.740.260.560.07-0.10.730.5
0.33-0.370.01-0.320.770.54-0.81-0.67-0.260.570.38-0.150.810.61-0.16-0.22-0.47-0.2-0.380.24-0.240.340.63-0.18-0.36
0.40.470.490.73-0.230.04-0.060.29-0.260.250.12-0.310.150.220.060.680.030.660.620.580.49-0.19-0.250.32-0.15
0.630.110.520.320.670.39-0.72-0.370.570.250.42-0.340.870.51-0.070.22-0.180.150.230.720.130.310.56-0.06-0.11
0.910.580.510.40.650.95-0.140.310.380.120.42-0.850.290.680.560.62-0.130.540.610.710.180.760.790.530.29
-0.81-0.68-0.47-0.57-0.37-0.790.04-0.43-0.15-0.31-0.34-0.85-0.19-0.5-0.44-0.70.07-0.66-0.69-0.66-0.4-0.42-0.52-0.61-0.37
0.47-0.160.310.040.60.4-0.88-0.620.810.150.870.29-0.190.56-0.180.04-0.290.04-0.090.55-0.030.190.44-0.17-0.28
0.750.360.090.310.690.71-0.350.040.610.220.510.68-0.50.560.080.48-0.530.520.280.710.40.350.540.5-0.17
0.470.50.350.030.050.560.210.49-0.160.06-0.070.56-0.44-0.180.080.550.120.340.540.33-0.270.630.360.540.34
0.780.920.420.760.060.540.220.71-0.220.680.220.62-0.70.040.480.55-0.030.910.910.810.580.220.180.780.31
-0.130.050.50.22-0.49-0.210.340.14-0.470.03-0.18-0.130.07-0.29-0.530.12-0.030.020.25-0.11-0.120.03-0.3-0.250.65
0.70.840.370.8-0.010.490.250.66-0.20.660.150.54-0.660.040.520.340.910.020.830.750.680.090.010.710.37
0.740.920.630.850.010.450.330.74-0.380.620.230.61-0.69-0.090.280.540.910.250.830.740.540.330.180.650.47
0.930.690.580.70.480.65-0.260.260.240.580.720.71-0.660.550.710.330.81-0.110.750.740.480.360.470.520.17
0.370.68-0.030.81-0.020.060.340.56-0.240.490.130.18-0.4-0.030.4-0.270.58-0.120.680.540.48-0.3-0.140.510.2
0.590.230.50.00.550.71-0.160.070.34-0.190.310.76-0.420.190.350.630.220.030.090.330.36-0.30.710.120.14
0.670.170.28-0.020.910.77-0.4-0.10.63-0.250.560.79-0.520.440.540.360.18-0.30.010.180.47-0.140.710.210.07
0.570.78-0.020.440.080.50.40.73-0.180.32-0.060.53-0.61-0.170.50.540.78-0.250.710.650.520.510.120.210.24
0.240.470.310.35-0.150.220.490.5-0.36-0.15-0.110.29-0.37-0.28-0.170.340.310.650.370.470.170.20.140.070.24
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FSPG Hi Account Relationship Matchups

FSPG Hi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B3.9B4.0B4.5B4.6B4.4B
Short Long Term Debt Total928.2M736.1M667.6M787.1M604.5M574.3M
Other Current Liab131.8M4.0M2.7M144.2M201.3M215.6M
Total Current Liabilities1.2B732.7M719.3M757.1M754.4M716.7M
Total Stockholder Equity2.4B2.4B2.5B2.6B2.8B1.8B
Property Plant And Equipment Net1.4B1.4B1.3B1.3B1.5B1.6B
Current Deferred Revenue144.2M160.3M157.3M27.7M26.1M24.8M
Net Debt548.4M318.1M244.6M(182.4M)(229.9M)(218.4M)
Retained Earnings831.8M865.1M953.4M1.0B1.2B1.3B
Accounts Payable193.2M195.2M202.2M190.3M221.7M312.8M
Cash379.8M418.0M423.0M969.5M834.4M487.3M
Non Current Assets Total2.8B2.5B2.4B2.4B2.6B2.6B
Non Currrent Assets Other19.5M95.3M185.7M139.0M61.4M58.3M
Cash And Short Term Investments385.5M501.0M599.6M1.1B1.0B1.1B
Net Receivables447.6M426.0M487.8M546.9M467.3M548.7M
Liabilities And Stockholders Equity4.1B3.9B4.0B4.5B4.6B4.4B
Non Current Liabilities Total344.7M493.8M442.9M520.2M365.1M600.8M
Inventory444.8M426.6M430.2M520.7M467.8M674.9M
Other Current Assets22.2M16.1M14.0M9.5M34.1M57.3M
Other Stockholder Equity529.1M533.3M298.8M298.8M298.4M447.9M
Total Liab1.5B1.2B1.2B1.3B1.1B1.1B
Total Current Assets1.3B1.4B1.5B2.2B2.0B1.8B
Short Term Debt715.1M373.2M357.0M394.9M305.3M290.0M
Intangible Assets251.7M240.9M245.5M238.0M202.5M217.0M
Other Liab134.9M131.5M130.9M132.2M152.0M176.0M
Long Term Debt213.1M362.9M306.0M388.3M297.1M524.9M
Property Plant Equipment1.4B1.4B1.3B1.3B1.2B1.3B
Short Term Investments5.7M83.0M176.6M130.1M210.5M221.0M
Good Will42.1M34.9M27.3M22.9M26.4M24.1M
Net Tangible Assets2.1B2.1B2.2B2.4B2.7B2.2B
Short Long Term Debt433.6M347.6M274.7M332.9M184.5M359.2M
Deferred Long Term Liab6.3M5.7M4.2M969.8K872.8K829.2K
Net Invested Capital3.0B3.1B3.1B3.4B3.3B3.5B
Net Working Capital115.7M637.0M812.4M1.4B1.3B689.6M

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Other Information on Investing in FSPG Stock

Balance Sheet is a snapshot of the financial position of FSPG Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. FSPG Hi Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of FSPG Hi and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which FSPG currently owns. An asset can also be divided into two categories, current and non-current.