Fortescue Other Stockholder Equity vs Property Plant And Equipment Gross Analysis
FMG Stock | 18.31 0.20 1.10% |
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 Other Stockholder Equity and its Property Plant And Equipment Gross 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.
Other Stockholder Equity vs Property Plant And Equipment Gross
Other Stockholder Equity vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortescue Other Stockholder Equity account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have pay attention.
The correlation between Fortescue's Other Stockholder Equity and Property Plant And Equipment Gross is -0.78. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Fortescue, assuming nothing else is changed. The correlation between historical values of Fortescue's Other Stockholder Equity and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Fortescue are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Other Stockholder Equity i.e., Fortescue's Other Stockholder Equity and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Stockholder Equity
Property Plant And Equipment Gross
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 436.8 M in 2024, whereas Tax Provision is likely to drop slightly above 1.9 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 165.0M | 271.5M | 73M | 69.4M | Depreciation And Amortization | 1.5B | 1.7B | 2.1B | 2.3B |
Fortescue fundamental ratios Correlations
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Fortescue Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortescue fundamental ratios 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 | 282.8M | 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 | 443M | 267.2M | |
Cash And Short Term Investments | 4.9B | 6.9B | 5.2B | 4.3B | 4.9B | 5.1B | |
Net Receivables | 546.5M | 568M | 467.9M | 518.8M | 429M | 230.3M | |
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 | 71.5M | 249M | 123.0M | 88.8M | 306M | 321.3M | |
Other Stockholder Equity | (28.2M) | (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 | 187.2M | 167M | 173.0M | 164.6M | 192M | 129.6M | |
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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