Forafric Net Debt vs Total Current Liabilities Analysis
| AFRI Stock | USD 10.18 0.02 0.20% |
Forafric Global financial indicator trend analysis is much more than just examining Forafric Global PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forafric Global PLC is a good investment. Please check the relationship between Forafric Global Net Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forafric Global PLC Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Forafric Global's Net Debt and Total Current Liabilities is -0.68. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Forafric Global PLC, assuming nothing else is changed. The correlation between historical values of Forafric Global's Net Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Forafric Global PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Forafric Global's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Current Liabilities
Total Current Liabilities is an item on Forafric Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Forafric Global PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Forafric Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forafric Global PLC 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 Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. As of now, Forafric Global's Enterprise Value Over EBITDA is decreasing as compared to previous years. The Forafric Global's current Enterprise Value Multiple is estimated to increase to 64.45, while Tax Provision is forecasted to increase to (100.7 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 5.2M | 6.6M | 6.1M | 6.1M | Interest Income | 543K | 34K | 37K | 35.2K |
Forafric Global fundamental ratios Correlations
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Forafric Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When determining whether Forafric Global PLC is a strong investment it is important to analyze Forafric Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forafric Global's future performance. For an informed investment choice regarding Forafric Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forafric Global. If investors know Forafric will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forafric Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.47) | Revenue Per Share 11.365 | Quarterly Revenue Growth 0.186 | Return On Assets 0.0023 | Return On Equity (0.34) |
The market value of Forafric Global PLC is measured differently than its book value, which is the value of Forafric that is recorded on the company's balance sheet. Investors also form their own opinion of Forafric Global's value that differs from its market value or its book value, called intrinsic value, which is Forafric Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forafric Global's market value can be influenced by many factors that don't directly affect Forafric Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forafric Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forafric Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forafric Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.