Figs Common Stock Total Equity vs Cash Analysis

FIGS Stock  USD 5.14  0.16  3.21%   
Figs financial indicator trend analysis is much more than just examining Figs Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Figs Inc is a good investment. Please check the relationship between Figs Common Stock Total Equity and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Figs Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Common Stock Total Equity vs Cash

Common Stock Total Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Figs Inc Common Stock Total Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Figs' Common Stock Total Equity and Cash is 0.75. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Figs Inc, assuming nothing else is changed. The correlation between historical values of Figs' Common Stock Total Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Figs Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Total Equity i.e., Figs' Common Stock Total Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash

Cash refers to the most liquid asset of Figs Inc, which is listed under current asset account on Figs Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Figs customers. The amounts must be unrestricted with restricted cash listed in a different Figs account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Figs' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Figs Inc 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 Figs Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Tax Provision is likely to gain to about 12.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 104.3 M in 2024.
 2021 2023 2024 (projected)
Depreciation And Amortization1.4M2.9M2.2M
Interest Income1.7M5.5M5.8M

Figs fundamental ratios Correlations

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0.790.490.660.79-0.890.731.00.67-0.410.870.620.60.990.830.70.760.770.910.890.690.750.780.790.791.0
0.940.910.970.94-0.770.950.670.84-0.810.870.980.890.730.920.930.860.870.740.90.690.960.930.960.940.66
0.980.90.970.98-0.70.980.740.76-0.840.950.90.930.80.890.990.950.90.840.850.750.960.960.980.980.74
0.990.850.950.99-0.750.990.770.68-0.830.870.870.930.820.920.950.980.80.90.860.780.930.960.990.990.77
1.00.860.961.0-0.770.990.790.76-0.810.910.890.920.830.940.970.970.870.90.890.790.960.980.991.00.78
1.00.850.951.0-0.751.00.780.73-0.820.910.870.920.830.930.970.980.860.910.860.790.940.980.991.00.78
0.780.490.650.78-0.860.721.00.63-0.420.860.60.610.990.810.70.770.740.920.871.00.660.740.770.780.78
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Figs Account Relationship Matchups

Thematic Opportunities

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Additional Tools for Figs Stock Analysis

When running Figs' price analysis, check to measure Figs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Figs is operating at the current time. Most of Figs' value examination focuses on studying past and present price action to predict the probability of Figs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Figs' price. Additionally, you may evaluate how the addition of Figs to your portfolios can decrease your overall portfolio volatility.