Foraco Short Term Debt vs Retained Earnings Analysis

FAR Stock

CAD 2.11 0.04 1.86%

Foraco International financial indicator trend analysis is much more than just examining Foraco International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foraco International is a good investment. Please check the relationship between Foraco International Short Term Debt and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foraco International SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Term Debt vs Retained Earnings

Short Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foraco International Short Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Foraco International's Short Term Debt and Retained Earnings is 0.15. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Foraco International SA, assuming nothing else is changed. The correlation between historical values of Foraco International's Short Term Debt and Retained Earnings 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 Debt of Foraco International SA are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Short Term Debt i.e., Foraco International's Short Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Foraco International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foraco International 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 Foraco International SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of the 28th of November 2024, Tax Provision is likely to grow to about 13.3 M, while Selling General Administrative is likely to drop about 21 M.

	2021	2022	2023	2024 (projected)
Gross Profit	46.8M	71.3M	93.9M	98.6M
Total Revenue	269.7M	330.6M	370.1M	201.4M

Gross Profit Total Revenue

Foraco International fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.46	0.72	0.0	0.34	0.05	0.08	0.09	0.63	0.03	0.31	0.42	0.38	-0.07	0.33	0.42	0.3	0.52	0.56	0.65	0.4	0.38	0.72	0.08	0.52	0.04
Total Assets	0.46		0.5	0.39	0.74	0.84	0.9	0.71	0.31	0.58	0.16	0.79	0.97	0.38	0.41	0.79	0.56	0.89	0.34	0.89	0.55	0.71	0.76	0.9	0.84	0.53
Short Long Term Debt Total	0.72	0.5		-0.08	0.13	0.02	0.16	0.19	0.97	-0.11	-0.11	0.26	0.55	0.32	0.6	0.26	0.03	0.73	0.87	0.42	0.3	0.43	0.88	0.16	0.3	0.07
Other Current Liab	0.0	0.39	-0.08		0.26	0.38	0.4	0.39	-0.19	0.43	0.47	0.4	0.29	-0.14	-0.25	0.4	0.62	0.19	0.02	0.48	0.26	0.05	0.18	0.4	0.51	0.0
Total Current Liabilities	0.34	0.74	0.13	0.26		0.73	0.73	0.45	-0.03	0.5	0.23	0.61	0.67	0.24	0.13	0.61	0.58	0.56	-0.2	0.72	0.28	0.55	0.42	0.73	0.71	0.82
Total Stockholder Equity	0.05	0.84	0.02	0.38	0.73		0.96	0.68	-0.16	0.58	0.01	0.64	0.83	0.43	0.29	0.64	0.45	0.66	-0.16	0.67	0.34	0.71	0.29	0.96	0.66	0.66
Property Plant And Equipment Net	0.08	0.9	0.16	0.4	0.73	0.96		0.8	-0.03	0.69	0.07	0.71	0.89	0.43	0.31	0.71	0.52	0.71	0.02	0.72	0.4	0.68	0.45	1.0	0.73	0.62
Current Deferred Revenue	0.09	0.71	0.19	0.39	0.45	0.68	0.8		0.02	0.77	0.25	0.64	0.65	0.33	0.39	0.64	0.66	0.45	0.21	0.63	0.26	0.5	0.46	0.8	0.68	0.23
Net Debt	0.63	0.31	0.97	-0.19	-0.03	-0.16	-0.03	0.02		-0.31	-0.24	0.0	0.4	0.37	0.63	0.0	-0.13	0.62	0.83	0.21	0.19	0.37	0.75	-0.03	0.06	0.01
Retained Earnings	0.03	0.58	-0.11	0.43	0.5	0.58	0.69	0.77	-0.31		0.58	0.71	0.43	-0.09	-0.14	0.71	0.74	0.21	0.0	0.63	0.49	0.14	0.31	0.69	0.75	0.15
Accounts Payable	0.31	0.16	-0.11	0.47	0.23	0.01	0.07	0.25	-0.24	0.58		0.46	-0.08	-0.47	-0.37	0.46	0.79	-0.17	0.12	0.54	0.45	-0.25	0.24	0.07	0.64	-0.33
Cash	0.42	0.79	0.26	0.4	0.61	0.64	0.71	0.64	0.0	0.71	0.46		0.64	-0.16	-0.01	1.0	0.62	0.51	0.25	0.86	0.45	0.27	0.6	0.71	0.91	0.23
Non Current Assets Total	0.38	0.97	0.55	0.29	0.67	0.83	0.89	0.65	0.4	0.43	-0.08	0.64		0.54	0.52	0.64	0.37	0.95	0.34	0.75	0.46	0.79	0.72	0.89	0.68	0.61
Non Currrent Assets Other	-0.07	0.38	0.32	-0.14	0.24	0.43	0.43	0.33	0.37	-0.09	-0.47	-0.16	0.54		0.81	-0.16	-0.02	0.54	0.11	0.08	0.02	0.71	0.25	0.43	-0.02	0.49
Other Assets	0.33	0.41	0.6	-0.25	0.13	0.29	0.31	0.39	0.63	-0.14	-0.37	-0.01	0.52	0.81		-0.01	-0.02	0.59	0.42	0.23	0.07	0.75	0.47	0.31	0.09	0.26
Cash And Short Term Investments	0.42	0.79	0.26	0.4	0.61	0.64	0.71	0.64	0.0	0.71	0.46	1.0	0.64	-0.16	-0.01		0.62	0.51	0.25	0.86	0.45	0.27	0.6	0.71	0.91	0.23
Net Receivables	0.3	0.56	0.03	0.62	0.58	0.45	0.52	0.66	-0.13	0.74	0.79	0.62	0.37	-0.02	-0.02	0.62		0.22	0.1	0.77	0.4	0.17	0.44	0.52	0.83	0.09
Good Will	0.52	0.89	0.73	0.19	0.56	0.66	0.71	0.45	0.62	0.21	-0.17	0.51	0.95	0.54	0.59	0.51	0.22		0.49	0.68	0.48	0.77	0.79	0.71	0.56	0.54
Non Current Liabilities Total	0.56	0.34	0.87	0.02	-0.2	-0.16	0.02	0.21	0.83	0.0	0.12	0.25	0.34	0.11	0.42	0.25	0.1	0.49		0.35	0.42	0.12	0.81	0.02	0.28	-0.36
Inventory	0.65	0.89	0.42	0.48	0.72	0.67	0.72	0.63	0.21	0.63	0.54	0.86	0.75	0.08	0.23	0.86	0.77	0.68	0.35		0.62	0.51	0.75	0.72	0.97	0.3
Other Current Assets	0.4	0.55	0.3	0.26	0.28	0.34	0.4	0.26	0.19	0.49	0.45	0.45	0.46	0.02	0.07	0.45	0.4	0.48	0.42	0.62		0.23	0.55	0.4	0.6	-0.03
Other Stockholder Equity	0.38	0.71	0.43	0.05	0.55	0.71	0.68	0.5	0.37	0.14	-0.25	0.27	0.79	0.71	0.75	0.27	0.17	0.77	0.12	0.51	0.23		0.44	0.68	0.38	0.61
Total Liab	0.72	0.76	0.88	0.18	0.42	0.29	0.45	0.46	0.75	0.31	0.24	0.6	0.72	0.25	0.47	0.6	0.44	0.79	0.81	0.75	0.55	0.44		0.45	0.68	0.16
Property Plant And Equipment Gross	0.08	0.9	0.16	0.4	0.73	0.96	1.0	0.8	-0.03	0.69	0.07	0.71	0.89	0.43	0.31	0.71	0.52	0.71	0.02	0.72	0.4	0.68	0.45		0.73	0.62
Total Current Assets	0.52	0.84	0.3	0.51	0.71	0.66	0.73	0.68	0.06	0.75	0.64	0.91	0.68	-0.02	0.09	0.91	0.83	0.56	0.28	0.97	0.6	0.38	0.68	0.73		0.25
Short Term Debt	0.04	0.53	0.07	0.0	0.82	0.66	0.62	0.23	0.01	0.15	-0.33	0.23	0.61	0.49	0.26	0.23	0.09	0.54	-0.36	0.3	-0.03	0.61	0.16	0.62	0.25

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Foraco International Account Relationship Matchups

Foraco International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	92.2M	92.0M	96.7M	100.9M	100.5M	85.5M
Total Assets	230.3M	227.8M	228.8M	249.5M	279.7M	247.8M
Short Long Term Debt Total	149.1M	162.6M	109.7M	105.6M	99.5M	96.1M
Other Current Liab	1.0M	(4.2M)	1.2M	795K	25.4M	26.7M
Total Current Liabilities	52.9M	48.0M	64.4M	83.1M	95.3M	71.7M
Total Stockholder Equity	31.0M	12.9M	56.0M	65.2M	85.9M	68.1M
Property Plant And Equipment Net	35.2M	36.1M	39.7M	39.5M	51.5M	57.5M
Current Deferred Revenue	2.5M	4.3M	3.0M	1.5M	2.6M	2.3M
Net Debt	133.0M	141.7M	85.7M	76.2M	65.2M	73.1M
Retained Earnings	64.4M	64.7M	107.7M	62.7M	108.1M	113.5M
Accounts Payable	20.3M	17.7M	26.4M	28.7M	34.5M	24.4M
Cash	16.1M	21.0M	23.9M	29.4M	34.3M	23.0M
Non Current Assets Total	140.0M	136.3M	124.4M	123.4M	137.5M	144.7M
Non Currrent Assets Other	1.0M	757K	418K	471K	294K	279.3K
Other Assets	28.7M	30.6M	20.8M	18.8M	1K	950.0
Cash And Short Term Investments	16.1M	21.0M	23.9M	29.4M	34.3M	23.0M
Net Receivables	31.2M	37.3M	32.2M	42.4M	51.6M	37.8M
Good Will	75.9M	69.5M	63.5M	64.1M	65.6M	67.1M
Liabilities And Stockholders Equity	230.3M	227.8M	228.8M	249.5M	279.7M	247.8M
Non Current Liabilities Total	140.7M	162.0M	101.8M	90.9M	86.4M	76.9M
Inventory	32.9M	31.4M	37.1M	44.0M	45.6M	35.2M
Other Current Assets	10.3M	1.8M	13.8M	12.0M	10.8M	6.6M
Other Stockholder Equity	151.6M	101.8M	122.0M	105.2M	83.4M	109.0M
Total Liab	193.7M	210.0M	166.3M	174.1M	181.7M	148.6M
Property Plant And Equipment Gross	35.2M	36.1M	39.7M	39.5M	51.5M	57.5M
Total Current Assets	90.4M	91.4M	104.4M	126.1M	142.3M	103.0M
Accumulated Other Comprehensive Income	(122.3M)	(144.6M)	(68.5M)	(42.6M)	(35.8M)	(37.6M)
Short Term Debt	12.2M	4.7M	10.9M	17.5M	16.3M	27.1M
Intangible Assets	28K	30K	333K	471K	507K	532.4K
Other Liab	3.9M	4.1M	3.1M	2.9M	2.6M	4.1M
Net Tangible Assets	(45.0M)	(56.6M)	(7.9M)	661K	594.9K	624.6K
Long Term Debt	134.0M	154.0M	94.1M	84.3M	77.2M	105.6M
Short Long Term Debt	9.1M	2.8M	9.4M	14.9M	12.6M	12.0M
Property Plant Equipment	35.2M	36.1M	39.7M	39.5M	35.6M	40.1M
Long Term Debt Total	136.9M	157.9M	98.8M	88.0M	101.3M	121.5M
Capital Lease Obligations	4.2M	5.8M	6.3M	6.5M	9.7M	10.2M
Cash And Equivalents	3.2M	21.0M	4.8M	5.4M	6.2M	9.6M

Pair Trading with Foraco International

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Foraco International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Foraco International will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Foraco International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foraco International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Foraco International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Foraco International SA to buy it.

The correlation of Foraco International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Foraco International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foraco International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Foraco International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Foraco Stock

Balance Sheet is a snapshot of the financial position of Foraco International at a specified time, usually calculated after every quarter, six months, or one year. Foraco International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Foraco International 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 Foraco currently owns. An asset can also be divided into two categories, current and non-current.

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Foraco Short Term Debt vs Retained Earnings Analysis

Short Term Debt vs Retained Earnings

Short Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Short Term Debt

Retained Earnings

Foraco International fundamental ratios Correlations

Foraco International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Foraco International fundamental ratios Accounts

Pair Trading with Foraco International

Other Information on Investing in Foraco Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total
Total Current Assets	+ 0.97	Inventory
Property Plant And Equipment Net	+ 0.96	Total Stockholder Equity

Non Currrent Assets Other	- 0.47	Accounts Payable
Other Assets	- 0.37	Accounts Payable
Short Term Debt	- 0.36	Non Current Liabilities Total
Short Term Debt	- 0.33	Accounts Payable
Retained Earnings	- 0.31	Net Debt
Other Stockholder Equity	- 0.25	Accounts Payable