Forte Net Debt vs Common Stock Analysis

FBRX Stock

USD 16.08 0.08 0.50%

Forte Biosciences financial indicator trend analysis is much more than just examining Forte Biosciences latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forte Biosciences is a good investment. Please check the relationship between Forte Biosciences Net Debt and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forte Biosciences. 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.

For more information on how to buy Forte Stock please use our How to Invest in Forte Biosciences guide.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forte Biosciences Net Debt account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Forte Biosciences' Net Debt and Common Stock is -0.26. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Forte Biosciences, assuming nothing else is changed. The correlation between historical values of Forte Biosciences' Net Debt and Common Stock 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 Forte Biosciences are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Forte Biosciences' Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Common Stock

Most indicators from Forte Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forte Biosciences 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 Forte Biosciences. 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.

For more information on how to buy Forte Stock please use our How to Invest in Forte Biosciences guide.Selling General Administrative is likely to drop to about 7.6 M in 2024. Tax Provision is likely to drop to 855.00 in 2024

	2023	2024 (projected)
Depreciation And Amortization	9K	8.6K
Interest Income	1.1M	1.3M

Depreciation And Amortization Interest Income

Forte Biosciences fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.52	0.55	0.64	0.83	0.7	-0.06	-0.74	0.57	0.33	0.69	-0.04	0.32	-0.38	1.0	0.92	-0.24	0.83	-0.38	0.45	-0.15	0.84	0.74	0.6	0.7	1.0
Short Long Term Debt Total	0.52		0.79	0.59	0.03	0.67	0.62	-0.56	0.56	-0.34	0.9	0.71	0.87	-0.32	0.49	0.32	0.31	0.68	-0.32	0.9	-0.63	0.56	0.7	0.91	0.67	0.49
Other Current Liab	0.55	0.79		0.93	0.13	0.77	0.35	-0.81	0.74	-0.09	0.84	0.38	0.62	-0.45	0.52	0.25	0.18	0.47	-0.45	0.58	-0.29	0.65	0.75	0.82	0.77	0.52
Total Current Liabilities	0.64	0.59	0.93		0.31	0.75	0.2	-0.84	0.75	0.04	0.7	0.09	0.4	-0.58	0.62	0.35	0.13	0.49	-0.58	0.41	-0.13	0.71	0.68	0.72	0.75	0.62
Total Stockholder Equity	0.83	0.03	0.13	0.31		0.35	-0.49	-0.53	0.24	0.6	0.25	-0.44	-0.15	-0.22	0.85	0.88	-0.62	0.54	-0.22	-0.08	0.17	0.62	0.46	0.06	0.35	0.85
Property Plant And Equipment Net	0.7	0.67	0.77	0.75	0.35		0.06	-0.77	0.97	0.23	0.88	0.13	0.32	-0.04	0.68	0.54	0.21	0.48	-0.04	0.62	0.09	0.53	0.76	0.77	1.0	0.68
Net Debt	-0.06	0.62	0.35	0.2	-0.49	0.06		-0.06	0.04	-0.93	0.29	0.66	0.77	-0.4	-0.09	-0.18	0.74	0.42	-0.4	0.67	-0.79	0.25	0.21	0.6	0.06	-0.08
Retained Earnings	-0.74	-0.56	-0.81	-0.84	-0.53	-0.77	-0.06		-0.73	-0.13	-0.7	0.11	-0.27	0.32	-0.72	-0.6	0.08	-0.53	0.32	-0.31	0.0	-0.73	-0.9	-0.57	-0.78	-0.73
Accounts Payable	0.57	0.56	0.74	0.75	0.24	0.97	0.04	-0.73		0.21	0.78	0.05	0.19	0.0	0.55	0.39	0.3	0.32	0.0	0.52	0.22	0.46	0.67	0.7	0.97	0.55
Cash	0.33	-0.34	-0.09	0.04	0.6	0.23	-0.93	-0.13	0.21		0.04	-0.49	-0.54	0.31	0.35	0.37	-0.7	-0.18	0.31	-0.38	0.68	-0.02	0.02	-0.28	0.23	0.35
Non Current Assets Total	0.69	0.9	0.84	0.7	0.25	0.88	0.29	-0.7	0.78	0.04		0.52	0.68	-0.14	0.66	0.48	0.15	0.62	-0.14	0.8	-0.31	0.65	0.79	0.89	0.88	0.67
Non Currrent Assets Other	-0.04	0.71	0.38	0.09	-0.44	0.13	0.66	0.11	0.05	-0.49	0.52		0.84	-0.13	-0.07	-0.25	0.35	0.26	-0.13	0.72	-0.74	0.15	0.08	0.58	0.13	-0.06
Other Assets	0.32	0.87	0.62	0.4	-0.15	0.32	0.77	-0.27	0.19	-0.54	0.68	0.84		-0.42	0.29	0.13	0.34	0.64	-0.42	0.84	-0.87	0.51	0.49	0.81	0.31	0.3
Long Term Debt	-0.38	-0.32	-0.45	-0.58	-0.22	-0.04	-0.4	0.32	0.0	0.31	-0.14	-0.13	-0.42		-0.38	-0.18	-0.04	-0.56	1.0	-0.19	0.58	-0.57	-0.15	-0.38	-0.04	-0.39
Cash And Short Term Investments	1.0	0.49	0.52	0.62	0.85	0.68	-0.09	-0.72	0.55	0.35	0.66	-0.07	0.29	-0.38		0.93	-0.26	0.82	-0.38	0.42	-0.13	0.83	0.73	0.57	0.68	1.0
Common Stock Total Equity	0.92	0.32	0.25	0.35	0.88	0.54	-0.18	-0.6	0.39	0.37	0.48	-0.25	0.13	-0.18	0.93		-0.3	0.78	-0.18	0.31	-0.03	0.67	0.68	0.37	0.54	0.93
Common Stock Shares Outstanding	-0.24	0.31	0.18	0.13	-0.62	0.21	0.74	0.08	0.3	-0.7	0.15	0.35	0.34	-0.04	-0.26	-0.3		0.08	-0.04	0.54	-0.24	-0.07	0.02	0.48	0.21	-0.25
Short Term Investments	0.83	0.68	0.47	0.49	0.54	0.48	0.42	-0.53	0.32	-0.18	0.62	0.26	0.64	-0.56	0.82	0.78	0.08		-0.56	0.69	-0.61	0.79	0.66	0.72	0.48	0.83
Long Term Debt Total	-0.38	-0.32	-0.45	-0.58	-0.22	-0.04	-0.4	0.32	0.0	0.31	-0.14	-0.13	-0.42	1.0	-0.38	-0.18	-0.04	-0.56		-0.19	0.58	-0.57	-0.15	-0.38	-0.04	-0.39
Non Current Liabilities Total	0.45	0.9	0.58	0.41	-0.08	0.62	0.67	-0.31	0.52	-0.38	0.8	0.72	0.84	-0.19	0.42	0.31	0.54	0.69	-0.19		-0.61	0.44	0.54	0.93	0.62	0.42
Capital Surpluse	-0.15	-0.63	-0.29	-0.13	0.17	0.09	-0.79	0.0	0.22	0.68	-0.31	-0.74	-0.87	0.58	-0.13	-0.03	-0.24	-0.61	0.58	-0.61		-0.38	-0.18	-0.51	0.09	-0.13
Other Current Assets	0.84	0.56	0.65	0.71	0.62	0.53	0.25	-0.73	0.46	-0.02	0.65	0.15	0.51	-0.57	0.83	0.67	-0.07	0.79	-0.57	0.44	-0.38		0.72	0.63	0.53	0.84
Other Stockholder Equity	0.74	0.7	0.75	0.68	0.46	0.76	0.21	-0.9	0.67	0.02	0.79	0.08	0.49	-0.15	0.73	0.68	0.02	0.66	-0.15	0.54	-0.18	0.72		0.69	0.76	0.73
Total Liab	0.6	0.91	0.82	0.72	0.06	0.77	0.6	-0.57	0.7	-0.28	0.89	0.58	0.81	-0.38	0.57	0.37	0.48	0.72	-0.38	0.93	-0.51	0.63	0.69		0.77	0.57
Property Plant And Equipment Gross	0.7	0.67	0.77	0.75	0.35	1.0	0.06	-0.78	0.97	0.23	0.88	0.13	0.31	-0.04	0.68	0.54	0.21	0.48	-0.04	0.62	0.09	0.53	0.76	0.77		0.68
Total Current Assets	1.0	0.49	0.52	0.62	0.85	0.68	-0.08	-0.73	0.55	0.35	0.67	-0.06	0.3	-0.39	1.0	0.93	-0.25	0.83	-0.39	0.42	-0.13	0.84	0.73	0.57	0.68

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Forte Biosciences Account Relationship Matchups

Forte Biosciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.7M	61.2M	43.3M	42.0M	39.0M	43.2M
Other Current Liab	343.2K	1.0M	812K	2.0M	2.2M	4.0M
Total Current Liabilities	1.9M	2.3M	1.8M	3.2M	3.7M	6.0M
Total Stockholder Equity	(4.8M)	59.0M	41.5M	38.8M	35.3M	42.2M
Property Plant And Equipment Net	4.0M	150.6K	97K	0.0	109K	103.6K
Net Debt	1.8M	(58.8M)	(42.0M)	(41.1M)	(12.0M)	(12.6M)
Retained Earnings	(5.0M)	(51.5M)	(73.2M)	(87.0M)	(118.5M)	(124.4M)
Accounts Payable	1.6M	1.2M	946K	1.2M	1.4M	1.3M
Cash	6.9M	58.8M	42.0M	41.1M	12.0M	11.4M
Non Current Assets Total	150.6K	1.3M	786K	486K	653K	620.4K
Other Assets	227K	1.4M	0.0	1.0	0.9	0.86
Cash And Short Term Investments	6.9M	58.8M	42.0M	41.1M	37.1M	41.0M
Common Stock Total Equity	20K	23K	1K	13K	11.7K	9.9K
Common Stock Shares Outstanding	2.1M	294.4K	558.7K	695.3K	1.3M	862.0K
Short Term Investments	52.8M	55.3M	12.8M	25.2M	22.6M	29.7M
Liabilities And Stockholders Equity	7.7M	61.2M	43.3M	42.0M	39.0M	43.2M
Non Current Liabilities Total	28.4M	10.5M	1.2M	946K	1.2M	0.0
Other Current Assets	53.2K	1.1M	476K	411K	1.2M	831.3K
Other Stockholder Equity	(10.3M)	49.2M	71.4M	125.8M	153.8M	96.1M
Total Liab	12.4M	2.3M	1.8M	3.2M	3.7M	3.5M
Property Plant And Equipment Gross	4.0M	150.6K	97K	0.0	118K	112.1K
Total Current Assets	7.5M	59.9M	42.5M	41.5M	38.3M	41.8M
Accumulated Other Comprehensive Income	10K	(61.2M)	(43.3M)	4K	3.6K	3.8K
Common Stock	23K	1K	13K	21K	36K	37.8K
Property Plant Equipment	1.2M	4.0M	152K	97K	87.3K	82.9K
Net Tangible Assets	(4.8M)	59.0M	41.5M	38.8M	44.6M	29.4M

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Forte Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Forte Biosciences fundamental ratios Correlations

Forte Biosciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forte Biosciences fundamental ratios Accounts

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Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Long Term Debt Total	+ 1.0	Long Term Debt
Total Current Assets	+ 1.0	Cash And Short Term Investments
Accounts Payable	+ 0.97	Property Plant And Equipment Net

Cash	- 0.93	Net Debt
Other Stockholder Equity	- 0.9	Retained Earnings
Capital Surpluse	- 0.87	Other Assets
Retained Earnings	- 0.84	Total Current Liabilities
Retained Earnings	- 0.81	Other Current Liab
Capital Surpluse	- 0.79	Net Debt