Fjordland Capital Lease Obligations vs Common Stock Shares Outstanding Analysis

FEX Stock  CAD 0.01  0.00  0.00%   
Fjordland Exploration financial indicator trend analysis is much more than just examining Fjordland Exploration latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fjordland Exploration is a good investment. Please check the relationship between Fjordland Exploration Capital Lease Obligations and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fjordland Exploration. 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.

Capital Lease Obligations vs Common Stock Shares Outstanding

Capital Lease Obligations vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fjordland Exploration Capital Lease Obligations account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fjordland Exploration's Capital Lease Obligations and Common Stock Shares Outstanding is 0.52. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Fjordland Exploration, assuming nothing else is changed. The correlation between historical values of Fjordland Exploration's Capital Lease Obligations and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Fjordland Exploration are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Capital Lease Obligations i.e., Fjordland Exploration's Capital Lease Obligations and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Capital Lease Obligations

Fjordland Exploration capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Fjordland Exploration asset purchases. For example, Fjordland Exploration can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Fjordland Exploration control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Fjordland Exploration's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fjordland Exploration 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 Fjordland Exploration. 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.
Selling General Administrative is likely to climb to about 420.8 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Fjordland Exploration fundamental ratios Correlations

-0.590.141.00.91-0.870.710.820.050.440.840.190.80.940.860.730.730.970.820.80.67-0.220.720.790.580.79
-0.59-0.17-0.58-0.620.65-0.35-0.38-0.23-0.05-0.47-0.19-0.37-0.61-0.63-0.85-0.85-0.59-0.45-0.44-0.340.31-0.46-0.48-0.32-0.48
0.14-0.170.10.010.060.680.290.090.3-0.160.990.3-0.02-0.02-0.01-0.010.05-0.320.20.550.610.070.210.060.21
1.0-0.580.10.91-0.870.680.810.050.430.850.150.80.950.860.740.740.970.840.790.65-0.240.720.780.570.78
0.91-0.620.010.91-0.970.570.69-0.050.370.770.050.680.930.980.690.690.940.770.830.67-0.350.830.840.590.84
-0.870.650.06-0.87-0.97-0.45-0.660.18-0.18-0.810.01-0.64-0.89-0.96-0.75-0.75-0.9-0.83-0.76-0.570.4-0.76-0.79-0.65-0.79
0.71-0.350.680.680.57-0.450.760.320.720.410.710.780.50.490.320.320.610.230.50.690.280.370.530.380.53
0.82-0.380.290.810.69-0.660.760.230.620.840.31.00.630.550.550.550.660.60.460.480.280.350.410.250.41
0.05-0.230.090.05-0.050.180.320.230.630.060.060.27-0.09-0.150.090.09-0.08-0.23-0.34-0.260.17-0.33-0.35-0.33-0.35
0.44-0.050.30.430.37-0.180.720.620.630.290.270.660.30.250.10.10.320.00.210.310.330.180.14-0.140.14
0.84-0.47-0.160.850.77-0.810.410.840.060.29-0.120.810.780.680.710.710.750.890.50.29-0.160.450.450.430.45
0.19-0.190.990.150.050.010.710.30.060.27-0.120.310.020.030.030.030.11-0.260.230.570.540.10.260.170.26
0.8-0.370.30.80.68-0.640.781.00.270.660.810.310.620.540.520.520.640.560.450.470.30.340.390.230.39
0.94-0.61-0.020.950.93-0.890.50.63-0.090.30.780.020.620.910.760.760.970.840.890.67-0.390.870.850.540.85
0.86-0.63-0.020.860.98-0.960.490.55-0.150.250.680.030.540.910.660.660.930.740.850.68-0.460.880.890.650.89
0.73-0.85-0.010.740.69-0.750.320.550.090.10.710.030.520.760.661.00.70.70.50.29-0.350.480.480.390.48
0.73-0.85-0.010.740.69-0.750.320.550.090.10.710.030.520.760.661.00.70.70.50.29-0.350.480.480.390.48
0.97-0.590.050.970.94-0.90.610.66-0.080.320.750.110.640.970.930.70.70.830.870.71-0.40.830.890.670.89
0.82-0.45-0.320.840.77-0.830.230.6-0.230.00.89-0.260.560.840.740.70.70.830.640.35-0.440.590.620.570.62
0.8-0.440.20.790.83-0.760.50.46-0.340.210.50.230.450.890.850.50.50.870.640.9-0.240.970.960.520.96
0.67-0.340.550.650.67-0.570.690.48-0.260.310.290.570.470.670.680.290.290.710.350.90.10.820.880.420.88
-0.220.310.61-0.24-0.350.40.280.280.170.33-0.160.540.3-0.39-0.46-0.35-0.35-0.4-0.44-0.240.1-0.34-0.36-0.55-0.36
0.72-0.460.070.720.83-0.760.370.35-0.330.180.450.10.340.870.880.480.480.830.590.970.82-0.340.930.460.93
0.79-0.480.210.780.84-0.790.530.41-0.350.140.450.260.390.850.890.480.480.890.620.960.88-0.360.930.671.0
0.58-0.320.060.570.59-0.650.380.25-0.33-0.140.430.170.230.540.650.390.390.670.570.520.42-0.550.460.670.67
0.79-0.480.210.780.84-0.790.530.41-0.350.140.450.260.390.850.890.480.480.890.620.960.88-0.360.931.00.67
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Fjordland Exploration Account Relationship Matchups

Fjordland Exploration fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4M2.4M4.5M5.0M4.3M2.6M
Total Current Liabilities42.1K66.2K282.9K279.5K91.2K133.0K
Total Stockholder Equity2.3M2.3M4.2M4.7M4.2M2.4M
Net Tangible Assets2.3M2.3M4.2M4.7M5.4M5.7M
Retained Earnings(17.1M)(17.4M)(18.2M)(18.2M)(18.5M)(19.4M)
Accounts Payable1.3K4.1K179.6K213.8K36.5K70.7K
Cash686.0K310.7K1.7M894.6K435.1K638.4K
Other Assets184.2K99.8K15.2K17.5K15.7K15.0K
Net Receivables38.2K4.4K84.8K46.3K53.2K47.8K
Other Stockholder Equity757.2K792.6K1.1M639.8K735.7K656.4K
Total Liab42.1K94.0K282.9K307.2K91.2K137.0K
Total Current Assets724.4K315.3K1.8M948.0K463.1K688.3K
Common Stock18.7M18.9M21.4M22.3M25.7M19.7M
Property Plant Equipment1.6M2.0M2.7M4.1M4.7M4.9M
Non Current Assets Total1.7M2.0M2.7M4.1M3.8M2.5M
Common Stock Shares Outstanding47.8M50.1M75.3M82.9M95.4M68.2M
Net Invested Capital2.3M2.3M4.2M4.7M4.2M3.6M
Net Working Capital682.2K249.0K1.5M668.5K371.9K601.5K
Capital Stock18.7M18.9M21.4M22.3M25.7M22.4M

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