Fortescue Historical Balance Sheet

FMG Stock   18.31  0.20  1.10%   
Trend analysis of Fortescue balance sheet accounts such as Other Current Liabilities of 1.5 B or Total Current Liabilities of 2.8 B provides information on Fortescue's total assets, liabilities, and equity, which is the actual value of Fortescue to its prevalent stockholders. By breaking down trends over time using Fortescue balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Fortescue latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortescue is a good buy for the upcoming year.

Fortescue Inventory

1.6 Billion

  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortescue. 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.

About Fortescue Balance Sheet Analysis

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

Fortescue Balance Sheet Chart

At this time, Fortescue's Non Current Assets Total are comparatively stable compared to the past year. Cash And Short Term Investments is likely to gain to about 5.1 B in 2024, whereas Net Debt is likely to drop slightly above 472.1 M in 2024.

Total Assets

Total assets refers to the total amount of Fortescue 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 Fortescue 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.

Total Current Liabilities

Total Current Liabilities is an item on Fortescue balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortescue are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Cash

Cash refers to the most liquid asset of Fortescue, which is listed under current asset account on Fortescue balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fortescue customers. The amounts must be unrestricted with restricted cash listed in a different Fortescue 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 accounts from Fortescue's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Fortescue current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Fortescue. 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.
At this time, Fortescue's Non Current Assets Total are comparatively stable compared to the past year. Cash And Short Term Investments is likely to gain to about 5.1 B in 2024, whereas Net Debt is likely to drop slightly above 472.1 M in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total6.1B5.3B5.4B3.7B
Total Assets29.1B28.9B30.1B31.6B

Fortescue balance sheet Correlations

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0.140.110.07-0.230.25-0.010.82-0.26-0.05-0.040.18-0.290.32-0.040.220.260.240.910.2-0.290.30.780.020.010.58
0.670.110.860.550.680.3-0.110.520.480.50.660.170.270.50.690.61-0.240.330.710.36-0.20.590.540.590.44
0.810.070.860.710.740.59-0.350.690.660.80.730.280.20.80.660.63-0.20.320.780.55-0.370.610.650.850.51
0.92-0.230.550.710.850.17-0.621.00.840.860.880.59-0.210.860.270.73-0.440.050.790.84-0.860.330.950.870.26
0.970.250.680.740.850.18-0.140.830.720.710.990.460.050.710.370.92-0.350.530.860.65-0.590.750.940.780.46
0.24-0.010.30.590.170.18-0.280.16-0.040.390.170.120.310.390.340.210.220.150.150.080.190.260.10.360.04
-0.310.82-0.11-0.35-0.62-0.14-0.28-0.64-0.45-0.57-0.21-0.450.39-0.57-0.03-0.070.240.66-0.19-0.60.630.44-0.39-0.50.22
0.91-0.260.520.691.00.830.16-0.640.840.860.860.59-0.220.860.260.7-0.450.020.780.85-0.870.30.940.870.24
0.81-0.050.480.660.840.72-0.04-0.450.840.840.730.35-0.180.840.320.5-0.440.110.820.8-0.860.360.780.870.51
0.85-0.040.50.80.860.710.39-0.570.860.840.730.37-0.181.00.390.55-0.330.150.760.75-0.750.420.770.990.51
0.980.180.660.730.880.990.17-0.210.860.730.730.550.010.730.360.91-0.330.480.830.65-0.640.70.950.780.43
0.51-0.290.170.280.590.460.12-0.450.590.350.370.55-0.210.370.130.450.140.050.140.18-0.550.10.520.320.01
-0.030.320.270.2-0.210.050.310.39-0.22-0.18-0.180.01-0.21-0.180.11-0.070.110.330.23-0.220.50.33-0.14-0.1-0.06
0.85-0.040.50.80.860.710.39-0.570.860.841.00.730.37-0.180.390.55-0.330.150.760.75-0.750.420.770.990.51
0.410.220.690.660.270.370.34-0.030.260.320.390.360.130.110.390.310.190.370.40.03-0.10.480.240.460.48
0.850.260.610.630.730.920.21-0.070.70.50.550.910.45-0.070.550.31-0.280.520.630.54-0.430.690.850.590.39
-0.360.24-0.24-0.2-0.44-0.350.220.24-0.45-0.44-0.33-0.330.140.11-0.330.19-0.280.24-0.47-0.60.4-0.03-0.44-0.360.06
0.420.910.330.320.050.530.150.660.020.110.150.480.050.330.150.370.520.240.37-0.150.140.930.270.210.63
0.880.20.710.780.790.860.15-0.190.780.820.760.830.140.230.760.40.63-0.470.370.73-0.570.640.820.850.46
0.72-0.290.360.550.840.650.08-0.60.850.80.750.650.18-0.220.750.030.54-0.6-0.150.73-0.750.130.780.770.17
-0.70.3-0.2-0.37-0.86-0.590.190.63-0.87-0.86-0.75-0.64-0.550.5-0.75-0.1-0.430.40.14-0.57-0.75-0.06-0.78-0.73-0.23
0.670.780.590.610.330.750.260.440.30.360.420.70.10.330.420.480.69-0.030.930.640.13-0.060.50.490.68
0.950.020.540.650.950.940.1-0.390.940.780.770.950.52-0.140.770.240.85-0.440.270.820.78-0.780.50.810.3
0.890.010.590.850.870.780.36-0.50.870.870.990.780.32-0.10.990.460.59-0.360.210.850.77-0.730.490.810.54
0.490.580.440.510.260.460.040.220.240.510.510.430.01-0.060.510.480.390.060.630.460.17-0.230.680.30.54
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Fortescue Account Relationship Matchups

Fortescue balance sheet Accounts

201920202021202220232024 (projected)
Total Assets24.3B29.1B29.1B28.9B30.1B31.6B
Short Long Term Debt Total5.1B4.3B6.1B5.3B5.4B3.7B
Other Current Liab1.3B1.2B1.0B1.2B1.5B1.5B
Total Current Liabilities2.8B3.9B2.4B2.5B2.7B2.8B
Total Stockholder Equity13.3B17.7B17.3B17.9B19.6B20.5B
Property Plant And Equipment Net16.6B18.7B19.9B20.1B21.7B22.8B
Current Deferred Revenue1.0B1.5B284.0M70.8M65M61.8M
Net Debt259.6M(2.7B)878.9M1.0B497M472.2M
Retained Earnings12.1B16.6B16.2B16.7B18.3B19.2B
Accounts Payable282.8M1.0B951.9M981.7M1.0B1.1B
Cash4.9B6.9B5.2B4.3B4.9B5.1B
Non Current Assets Total17.9B20.1B22.2B22.9B22.9B24.0B
Non Currrent Assets Other649.1M656.0M1.2B1.3B443M267.2M
Cash And Short Term Investments4.9B6.9B5.2B4.3B4.9B5.1B
Net Receivables546.5M568M467.9M518.8M429M230.3M
Common Stock Shares Outstanding3.1B3.1B3.1B3.1B3.1B2.1B
Liabilities And Stockholders Equity24.3B29.1B29.1B28.9B30.1B31.6B
Non Current Liabilities Total8.1B7.5B9.3B8.5B7.8B5.9B
Inventory833.3M1.2B1.1B1.2B1.5B1.6B
Other Current Assets71.5M249M123.0M88.8M306M321.3M
Other Stockholder Equity(28.2M)(90M)(142.0M)(150.6M)(135.6M)(128.8M)
Total Liab10.9B11.4B11.7B11.0B10.5B11.1B
Property Plant And Equipment Gross24.9B30.6B33.3B35.3B38.1B40.0B
Total Current Assets6.3B9.0B6.9B6.1B7.2B7.5B
Accumulated Other Comprehensive Income62.4M46.0M109.0M169.6M175M183.8M
Short Term Debt187.2M167M173.0M164.6M192M129.6M
Intangible Assets7.0M10.0M257.0M298.3M193M202.7M
Common Stock1.2B1.2B1.2B1.2B1.1B638.3M
Property Plant Equipment17.1B19.4B20.7B21.0B24.1B25.3B
Short Term Investments1.8B1.5B31.4M169.0M194.3M307.6M
Long Term Debt4.2B3.4B5.3B4.5B4.5B5.3B
Other Liab2.6B2.4B2.7B2.6B3.0B1.8B
Net Tangible Assets13.2B17.7B17.1B17.7B20.3B13.1B
Short Long Term Debt59.7M38M66M59M60M57M
Long Term Debt Total4.9B4.1B5.9B5.2B4.6B4.3B

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