Fennec Gross Profit Margin vs Total Assets Analysis
FENC Stock | USD 6.04 0.38 6.71% |
Fennec Pharmaceuticals financial indicator trend analysis is much more than just examining Fennec Pharmaceuticals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fennec Pharmaceuticals is a good investment. Please check the relationship between Fennec Pharmaceuticals Gross Profit Margin and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fennec Pharmaceuticals. 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. For information on how to trade Fennec Stock refer to our How to Trade Fennec Stock guide.
Gross Profit Margin vs Total Assets
Gross Profit Margin vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fennec Pharmaceuticals Gross Profit Margin account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Fennec Pharmaceuticals' Gross Profit Margin and Total Assets is -0.31. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Total Assets in the same time period over historical financial statements of Fennec Pharmaceuticals, assuming nothing else is changed. The correlation between historical values of Fennec Pharmaceuticals' Gross Profit Margin and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Fennec Pharmaceuticals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Gross Profit Margin i.e., Fennec Pharmaceuticals' Gross Profit Margin and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit Margin
Total Assets
Total assets refers to the total amount of Fennec Pharmaceuticals assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fennec Pharmaceuticals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Fennec Pharmaceuticals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fennec Pharmaceuticals 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 Fennec Pharmaceuticals. 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. For information on how to trade Fennec Stock refer to our How to Trade Fennec Stock guide.At present, Fennec Pharmaceuticals' Enterprise Value is projected to increase significantly based on the last few years of reporting.
Fennec Pharmaceuticals fundamental ratios Correlations
Click cells to compare fundamentals
Fennec Pharmaceuticals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fennec Pharmaceuticals fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.1M | 31.4M | 22.4M | 26.9M | 26.9M | 16.1M | |
Other Current Liab | 659K | 776K | 877K | 2.2M | 3.8M | 2.1M | |
Total Current Liabilities | 2.3M | 2.3M | 1.7M | 4.6M | 7.6M | 7.9M | |
Total Stockholder Equity | 11.9M | 29.1M | 15.8M | (2.6M) | (11.6M) | (11.0M) | |
Net Tangible Assets | 11.9M | 29.1M | 15.8M | (2.6M) | (3.0M) | (2.8M) | |
Net Debt | (13.7M) | (30.3M) | (16.1M) | 1.1M | 17.7M | 18.6M | |
Retained Earnings | (144.0M) | (162.1M) | (179.5M) | (203.2M) | (219.2M) | (208.3M) | |
Accounts Payable | 1.6M | 1.6M | 777K | 2.4M | 3.8M | 4.0M | |
Cash | 13.7M | 30.3M | 21.1M | 23.8M | 13.3M | 11.0M | |
Other Assets | 262K | 1.1M | 27K | 211K | (0.3) | (0.28) | |
Cash And Short Term Investments | 13.7M | 30.3M | 21.1M | 23.8M | 13.3M | 11.7M | |
Retained Earnings Total Equity | (131.3M) | (144.0M) | (162.1M) | (179.5M) | (161.5M) | (153.5M) | |
Common Stock Shares Outstanding | 19.9M | 23.7M | 26.0M | 26.3M | 26.6M | 27.9M | |
Liabilities And Stockholders Equity | 14.1M | 31.4M | 22.4M | 26.9M | 26.9M | 16.1M | |
Non Current Liabilities Total | 1.6M | 1.6M | 5.0M | 24.9M | 30.9M | 32.5M | |
Other Current Assets | 234K | 1.1M | 253K | 833K | 2.6M | 2.7M | |
Other Stockholder Equity | 48.3M | 49.2M | 53.2M | 56.8M | 62.1M | 38.1M | |
Total Liab | 2.3M | 2.3M | 6.6M | 29.5M | 38.5M | 40.4M | |
Total Current Assets | 13.9M | 31.4M | 22.4M | 26.7M | 26.9M | 28.2M | |
Capital Surpluse | 44.9M | 48.3M | 49.2M | 53.2M | 61.2M | 49.4M | |
Net Invested Capital | 11.9M | 29.1M | 20.8M | 22.3M | 19.3M | 17.3M | |
Net Working Capital | 11.6M | 29.1M | 20.7M | 22.1M | 19.3M | 17.2M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fennec Pharmaceuticals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fennec Pharmaceuticals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fennec Pharmaceuticals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fennec Pharmaceuticals Stock:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fennec Pharmaceuticals. 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. For information on how to trade Fennec Stock refer to our How to Trade Fennec Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Biotechnology 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 Fennec Pharmaceuticals. If investors know Fennec 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 Fennec Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.04) | Revenue Per Share 1.814 | Quarterly Revenue Growth 0.07 | Return On Assets 0.027 | Return On Equity (10.06) |
The market value of Fennec Pharmaceuticals is measured differently than its book value, which is the value of Fennec that is recorded on the company's balance sheet. Investors also form their own opinion of Fennec Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' market value can be influenced by many factors that don't directly affect Fennec Pharmaceuticals' 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 Fennec Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fennec Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fennec Pharmaceuticals' 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.