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.
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.
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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
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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 Total | 6.1B | 5.3B | 5.4B | 3.7B | Total Assets | 29.1B | 28.9B | 30.1B | 31.6B |
Fortescue balance sheet Correlations
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Fortescue Account Relationship Matchups
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Fortescue balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 24.3B | 29.1B | 29.1B | 28.9B | 30.1B | 31.6B | |
Short Long Term Debt Total | 5.1B | 4.3B | 6.1B | 5.3B | 5.4B | 3.7B | |
Other Current Liab | 1.3B | 1.2B | 1.0B | 1.2B | 1.5B | 1.5B | |
Total Current Liabilities | 2.8B | 3.9B | 2.4B | 2.5B | 2.7B | 2.8B | |
Total Stockholder Equity | 13.3B | 17.7B | 17.3B | 17.9B | 19.6B | 20.5B | |
Property Plant And Equipment Net | 16.6B | 18.7B | 19.9B | 20.1B | 21.7B | 22.8B | |
Current Deferred Revenue | 1.0B | 1.5B | 284.0M | 70.8M | 65M | 61.8M | |
Net Debt | 259.6M | (2.7B) | 878.9M | 1.0B | 497M | 472.2M | |
Retained Earnings | 12.1B | 16.6B | 16.2B | 16.7B | 18.3B | 19.2B | |
Accounts Payable | 281M | 1.0B | 951.9M | 981.7M | 1.0B | 1.1B | |
Cash | 4.9B | 6.9B | 5.2B | 4.3B | 4.9B | 5.1B | |
Non Current Assets Total | 17.9B | 20.1B | 22.2B | 22.9B | 22.9B | 24.0B | |
Non Currrent Assets Other | 649.1M | 656.0M | 1.2B | 1.3B | 461M | 267.8M | |
Cash And Short Term Investments | 4.9B | 6.9B | 5.2B | 4.3B | 4.9B | 5.1B | |
Net Receivables | 475M | 568M | 467.9M | 518.8M | 654M | 686.7M | |
Common Stock Shares Outstanding | 3.1B | 3.1B | 3.1B | 3.1B | 3.1B | 2.1B | |
Liabilities And Stockholders Equity | 24.3B | 29.1B | 29.1B | 28.9B | 30.1B | 31.6B | |
Non Current Liabilities Total | 8.1B | 7.5B | 9.3B | 8.5B | 7.8B | 5.9B | |
Inventory | 833.3M | 1.2B | 1.1B | 1.2B | 1.5B | 1.6B | |
Other Current Assets | 139M | 249M | 123.0M | 88.8M | 81M | 50.6M | |
Other Stockholder Equity | (104.7M) | (90M) | (142.0M) | (150.6M) | (135.6M) | (128.8M) | |
Total Liab | 10.9B | 11.4B | 11.7B | 11.0B | 10.5B | 11.1B | |
Property Plant And Equipment Gross | 24.9B | 30.6B | 33.3B | 35.3B | 38.1B | 40.0B | |
Total Current Assets | 6.3B | 9.0B | 6.9B | 6.1B | 7.2B | 7.5B | |
Accumulated Other Comprehensive Income | 62.4M | 46.0M | 109.0M | 169.6M | 175M | 183.8M | |
Short Term Debt | 186M | 167M | 173.0M | 164.6M | 192M | 132.6M | |
Intangible Assets | 7.0M | 10.0M | 257.0M | 298.3M | 193M | 202.7M | |
Common Stock | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B | 638.3M | |
Property Plant Equipment | 17.1B | 19.4B | 20.7B | 21.0B | 24.1B | 25.3B | |
Short Term Investments | 1.8B | 1.5B | 31.4M | 169.0M | 194.3M | 307.6M | |
Long Term Debt | 4.2B | 3.4B | 5.3B | 4.5B | 4.5B | 5.3B | |
Other Liab | 2.6B | 2.4B | 2.7B | 2.6B | 3.0B | 1.8B | |
Net Tangible Assets | 13.2B | 17.7B | 17.1B | 17.7B | 20.3B | 13.1B | |
Short Long Term Debt | 59.7M | 38M | 66M | 59M | 60M | 57M | |
Long Term Debt Total | 4.9B | 4.1B | 5.9B | 5.2B | 4.6B | 4.3B |
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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.