Fortescue Cash vs Accounts Payable Analysis

FMG Stock

19.72 0.36 1.86%

Fortescue financial indicator trend analysis is much more than just examining Fortescue latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortescue is a good investment. Please check the relationship between Fortescue Cash and its Accounts Payable accounts. 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.

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortescue Cash account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Fortescue's Cash and Accounts Payable is 0.87. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Fortescue, assuming nothing else is changed. The correlation between historical values of Fortescue's Cash and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Fortescue are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., Fortescue's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Accounts Payable

An accounting item on the balance sheet that represents Fortescue obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Fortescue are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Fortescue's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortescue 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 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.

Selling General Administrative is likely to gain to about 502.3 M in 2025, whereas Tax Provision is likely to drop slightly above 1.9 B in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	271.5M	95M	109.3M	103.8M
Depreciation And Amortization	1.7B	2.1B	2.5B	2.6B

Interest Expense Depreciation And Amortization

Fortescue fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.1	0.59	0.82	0.94	0.98	0.11	-0.35	0.93	0.86	0.87	0.98	0.43	-0.07	0.87	0.69	0.83	-0.23	0.37	0.91	0.42	-0.4	0.68	0.96	0.91	0.51
Short Long Term Debt Total	0.1		0.18	0.05	-0.21	0.2	-0.01	0.8	-0.23	-0.04	-0.05	0.14	-0.29	0.31	-0.05	0.09	0.27	0.22	0.91	0.16	0.23	0.33	0.74	0.0	0.0	0.6
Other Current Liab	0.59	0.18		0.81	0.46	0.61	0.25	-0.03	0.45	0.46	0.44	0.58	0.0	0.48	0.44	0.73	0.47	-0.13	0.35	0.73	0.13	0.33	0.61	0.47	0.55	0.42
Total Current Liabilities	0.82	0.05	0.81		0.74	0.77	0.49	-0.39	0.73	0.7	0.83	0.76	0.26	0.16	0.83	0.76	0.66	-0.16	0.3	0.8	0.54	-0.09	0.63	0.7	0.86	0.51
Total Stockholder Equity	0.94	-0.21	0.46	0.74		0.89	0.04	-0.62	1.0	0.88	0.88	0.91	0.5	-0.22	0.88	0.62	0.71	-0.25	0.06	0.84	0.32	-0.55	0.39	0.96	0.9	0.32
Property Plant And Equipment Net	0.98	0.2	0.61	0.77	0.89		0.05	-0.21	0.87	0.79	0.76	0.99	0.39	0.0	0.76	0.66	0.89	-0.23	0.46	0.89	0.34	-0.31	0.74	0.95	0.82	0.49
Current Deferred Revenue	0.11	-0.01	0.25	0.49	0.04	0.05		-0.24	0.04	-0.13	0.28	0.05	0.11	0.32	0.28	0.03	0.19	0.1	0.13	0.02	0.59	0.28	0.2	-0.02	0.23	-0.03
Net Debt	-0.35	0.8	-0.03	-0.39	-0.62	-0.21	-0.24		-0.64	-0.46	-0.59	-0.26	-0.45	0.4	-0.59	-0.2	-0.08	0.13	0.63	-0.25	-0.19	0.56	0.38	-0.42	-0.52	0.19
Retained Earnings	0.93	-0.23	0.45	0.73	1.0	0.87	0.04	-0.64		0.88	0.88	0.9	0.5	-0.23	0.88	0.61	0.68	-0.25	0.03	0.83	0.31	-0.56	0.36	0.95	0.9	0.3
Accounts Payable	0.86	-0.04	0.46	0.7	0.88	0.79	-0.13	-0.46	0.88		0.87	0.8	0.29	-0.19	0.87	0.68	0.51	-0.25	0.12	0.87	0.38	-0.47	0.43	0.83	0.9	0.53
Cash	0.87	-0.05	0.44	0.83	0.88	0.76	0.28	-0.59	0.88	0.87		0.78	0.33	-0.2	1.0	0.62	0.56	-0.21	0.14	0.8	0.61	-0.5	0.47	0.81	0.99	0.52
Non Current Assets Total	0.98	0.14	0.58	0.76	0.91	0.99	0.05	-0.26	0.9	0.8	0.78		0.47	-0.04	0.78	0.64	0.88	-0.22	0.42	0.87	0.34	-0.36	0.7	0.96	0.83	0.46
Non Currrent Assets Other	0.43	-0.29	0.0	0.26	0.5	0.39	0.11	-0.45	0.5	0.29	0.33	0.47		-0.21	0.33	0.01	0.45	0.13	0.05	0.11	0.25	-0.45	0.08	0.43	0.28	-0.02
Other Assets	-0.07	0.31	0.48	0.16	-0.22	0.0	0.32	0.4	-0.23	-0.19	-0.2	-0.04	-0.21		-0.2	-0.02	-0.08	0.06	0.32	0.14	-0.05	0.89	0.3	-0.17	-0.13	-0.06
Cash And Short Term Investments	0.87	-0.05	0.44	0.83	0.88	0.76	0.28	-0.59	0.88	0.87	1.0	0.78	0.33	-0.2		0.62	0.56	-0.21	0.14	0.8	0.61	-0.5	0.47	0.81	0.99	0.52
Net Receivables	0.69	0.09	0.73	0.76	0.62	0.66	0.03	-0.2	0.61	0.68	0.62	0.64	0.01	-0.02	0.62		0.51	-0.19	0.23	0.75	0.25	-0.18	0.52	0.61	0.72	0.5
Common Stock Total Equity	0.83	0.27	0.47	0.66	0.71	0.89	0.19	-0.08	0.68	0.51	0.56	0.88	0.45	-0.08	0.56	0.51		-0.15	0.54	0.62	0.32	-0.3	0.74	0.81	0.6	0.41
Common Stock Shares Outstanding	-0.23	0.22	-0.13	-0.16	-0.25	-0.23	0.1	0.13	-0.25	-0.25	-0.21	-0.22	0.13	0.06	-0.21	-0.19	-0.15		0.25	-0.26	0.16	0.11	-0.08	-0.25	-0.23	0.18
Non Current Liabilities Total	0.37	0.91	0.35	0.3	0.06	0.46	0.13	0.63	0.03	0.12	0.14	0.42	0.05	0.32	0.14	0.23	0.54	0.25		0.32	0.41	0.24	0.89	0.23	0.2	0.65
Inventory	0.91	0.16	0.73	0.8	0.84	0.89	0.02	-0.25	0.83	0.87	0.8	0.87	0.11	0.14	0.8	0.75	0.62	-0.26	0.32		0.3	-0.15	0.65	0.87	0.88	0.51
Other Current Assets	0.42	0.23	0.13	0.54	0.32	0.34	0.59	-0.19	0.31	0.38	0.61	0.34	0.25	-0.05	0.61	0.25	0.32	0.16	0.41	0.3		-0.17	0.47	0.25	0.56	0.53
Other Stockholder Equity	-0.4	0.33	0.33	-0.09	-0.55	-0.31	0.28	0.56	-0.56	-0.47	-0.5	-0.36	-0.45	0.89	-0.5	-0.18	-0.3	0.11	0.24	-0.15	-0.17		0.13	-0.49	-0.43	-0.15
Total Liab	0.68	0.74	0.61	0.63	0.39	0.74	0.2	0.38	0.36	0.43	0.47	0.7	0.08	0.3	0.47	0.52	0.74	-0.08	0.89	0.65	0.47	0.13		0.54	0.53	0.7
Property Plant And Equipment Gross	0.96	0.0	0.47	0.7	0.96	0.95	-0.02	-0.42	0.95	0.83	0.81	0.96	0.43	-0.17	0.81	0.61	0.81	-0.25	0.23	0.87	0.25	-0.49	0.54		0.85	0.35
Total Current Assets	0.91	0.0	0.55	0.86	0.9	0.82	0.23	-0.52	0.9	0.9	0.99	0.83	0.28	-0.13	0.99	0.72	0.6	-0.23	0.2	0.88	0.56	-0.43	0.53	0.85		0.55
Short Term Debt	0.51	0.6	0.42	0.51	0.32	0.49	-0.03	0.19	0.3	0.53	0.52	0.46	-0.02	-0.06	0.52	0.5	0.41	0.18	0.65	0.51	0.53	-0.15	0.7	0.35	0.55

Click cells to compare fundamentals

Fortescue Account Relationship Matchups

Fortescue fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	29.1B	29.1B	28.9B	30.1B	34.6B	36.3B
Short Long Term Debt Total	4.3B	6.1B	5.3B	5.4B	6.2B	3.7B
Other Current Liab	1.2B	1.0B	1.2B	1.5B	1.7B	1.8B
Total Current Liabilities	3.9B	2.4B	2.5B	2.7B	3.1B	3.2B
Total Stockholder Equity	17.7B	17.3B	17.9B	19.6B	22.5B	23.6B
Property Plant And Equipment Net	18.7B	19.9B	20.1B	21.7B	24.9B	26.2B
Current Deferred Revenue	1.5B	284.0M	70.8M	65M	74.8M	71.0M
Net Debt	(2.7B)	878.9M	1.0B	497M	571.6M	543.0M
Retained Earnings	16.6B	16.2B	16.7B	18.3B	21.0B	22.1B
Accounts Payable	1.0B	951.9M	981.7M	1.0B	1.2B	1.3B
Cash	6.9B	5.2B	4.3B	4.9B	5.6B	5.9B
Non Current Assets Total	20.1B	22.2B	22.9B	22.9B	26.3B	27.6B
Non Currrent Assets Other	656.0M	1.2B	1.3B	461M	530.2M	267.8M
Cash And Short Term Investments	6.9B	5.2B	4.3B	4.9B	5.6B	5.9B
Net Receivables	568M	467.9M	518.8M	654M	752.1M	789.7M
Common Stock Shares Outstanding	3.1B	3.1B	3.1B	3.1B	3.5B	2.1B
Liabilities And Stockholders Equity	29.1B	29.1B	28.9B	30.1B	34.6B	36.3B
Non Current Liabilities Total	7.5B	9.3B	8.5B	7.8B	9.0B	5.9B
Inventory	1.2B	1.1B	1.2B	1.5B	1.8B	1.8B
Other Current Assets	249M	123.0M	88.8M	81M	93.2M	50.6M
Other Stockholder Equity	(104.7M)	(90M)	(142.0M)	(150.6M)	(135.6M)	(128.8M)
Total Liab	11.4B	11.7B	11.0B	10.5B	12.1B	12.7B
Property Plant And Equipment Gross	30.6B	33.3B	35.3B	38.1B	43.8B	46.0B
Total Current Assets	9.0B	6.9B	6.1B	7.2B	8.2B	8.7B
Accumulated Other Comprehensive Income	46.0M	109.0M	169.6M	175M	201.3M	211.3M
Short Term Debt	167M	173.0M	164.6M	192M	220.8M	132.6M
Intangible Assets	10.0M	257.0M	298.3M	193M	222.0M	233.0M
Common Stock	1.2B	1.2B	1.2B	1.1B	1.2B	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	3.4B	5.3B	4.5B	4.5B	5.2B	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	38M	66M	59M	60M	54M	51.3M
Long Term Debt Total	4.9B	4.1B	5.9B	5.2B	4.6B	4.3B

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC