Fortescue Historical Balance Sheet

FMG Stock   20.45  1.20  6.23%   
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.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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.
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

0.140.540.810.920.970.24-0.310.910.820.850.980.51-0.030.850.620.85-0.360.420.880.5-0.340.670.950.890.49
0.140.20.07-0.230.25-0.010.82-0.26-0.04-0.040.18-0.290.32-0.040.110.260.240.910.20.230.350.780.020.010.62
0.540.20.790.380.560.340.020.360.380.370.530.010.530.370.70.43-0.170.370.70.150.420.590.390.490.4
0.810.070.790.710.740.59-0.350.690.660.80.730.290.20.80.730.63-0.20.320.780.59-0.020.610.650.850.5
0.92-0.230.380.710.850.17-0.621.00.840.860.880.6-0.210.860.540.73-0.440.050.790.38-0.530.330.950.870.25
0.970.250.560.740.850.18-0.140.830.720.710.990.470.050.710.580.92-0.350.530.860.41-0.240.750.940.780.47
0.24-0.010.340.590.170.18-0.280.16-0.040.390.170.120.310.390.120.210.220.150.150.60.240.260.10.360.03
-0.310.820.02-0.35-0.62-0.14-0.28-0.64-0.44-0.57-0.21-0.450.39-0.57-0.15-0.070.240.66-0.19-0.180.550.44-0.39-0.50.26
0.91-0.260.360.691.00.830.16-0.640.840.860.860.59-0.220.860.530.7-0.450.020.780.37-0.540.30.940.870.22
0.82-0.040.380.660.840.72-0.04-0.440.840.840.730.34-0.170.840.610.5-0.440.120.820.45-0.430.370.780.880.51
0.85-0.040.370.80.860.710.39-0.570.860.840.730.37-0.181.00.550.55-0.330.150.760.67-0.460.420.770.990.5
0.980.180.530.730.880.990.17-0.210.860.730.730.560.010.730.560.91-0.330.480.830.41-0.30.70.950.780.43
0.51-0.290.010.290.60.470.12-0.450.590.340.370.56-0.210.370.030.450.140.050.140.25-0.460.10.530.32-0.02
-0.030.320.530.2-0.210.050.310.39-0.22-0.17-0.180.01-0.21-0.180.01-0.070.110.330.23-0.050.890.33-0.14-0.1-0.03
0.85-0.040.370.80.860.710.39-0.570.860.841.00.730.37-0.180.550.55-0.330.150.760.67-0.460.420.770.990.5
0.620.110.70.730.540.580.12-0.150.530.610.550.560.030.010.550.48-0.30.250.70.28-0.110.480.520.660.47
0.850.260.430.630.730.920.21-0.070.70.50.550.910.45-0.070.550.48-0.280.520.630.31-0.290.690.850.590.39
-0.360.24-0.17-0.2-0.44-0.350.220.24-0.45-0.44-0.33-0.330.140.11-0.33-0.3-0.280.24-0.470.170.23-0.03-0.44-0.360.05
0.420.910.370.320.050.530.150.660.020.120.150.480.050.330.150.250.520.240.370.410.260.930.270.210.66
0.880.20.70.780.790.860.15-0.190.780.820.760.830.140.230.760.70.63-0.470.370.37-0.050.640.820.850.48
0.50.230.150.590.380.410.6-0.180.370.450.670.410.25-0.050.670.280.310.170.410.37-0.170.50.310.640.55
-0.340.350.42-0.02-0.53-0.240.240.55-0.54-0.43-0.46-0.3-0.460.89-0.46-0.11-0.290.230.26-0.05-0.170.19-0.46-0.39-0.1
0.670.780.590.610.330.750.260.440.30.370.420.70.10.330.420.480.69-0.030.930.640.50.190.50.490.71
0.950.020.390.650.950.940.1-0.390.940.780.770.950.53-0.140.770.520.85-0.440.270.820.31-0.460.50.810.29
0.890.010.490.850.870.780.36-0.50.870.880.990.780.32-0.10.990.660.59-0.360.210.850.64-0.390.490.810.53
0.490.620.40.50.250.470.030.260.220.510.50.43-0.02-0.030.50.470.390.050.660.480.55-0.10.710.290.53
Click cells to compare fundamentals

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 Payable281M1.0B951.9M981.7M1.0B1.1B
Cash4.9B6.9B5.2B4.3B4.9B5.1B
Non Current Assets Total17.9B20.1B22.2B22.9B22.9B24.0B
Non Currrent Assets Other649.1M656.0M1.2B1.3B461M267.8M
Cash And Short Term Investments4.9B6.9B5.2B4.3B4.9B5.1B
Net Receivables475M568M467.9M518.8M654M686.7M
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 Assets139M249M123.0M88.8M81M50.6M
Other Stockholder Equity(104.7M)(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 Debt186M167M173.0M164.6M192M132.6M
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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Fortescue Stock Analysis

When running Fortescue's price analysis, check to measure Fortescue's 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 Fortescue is operating at the current time. Most of Fortescue's value examination focuses on studying past and present price action to predict the probability of Fortescue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortescue's price. Additionally, you may evaluate how the addition of Fortescue to your portfolios can decrease your overall portfolio volatility.