Fortescue Short Term Debt vs Cash Analysis

FMG Stock

18.30 0.08 0.44%

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 Short Term Debt and its Cash 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.

Short Term Debt vs Cash

Short Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortescue Short Term Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Fortescue's Short Term Debt and Cash is 0.5. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Fortescue, assuming nothing else is changed. The correlation between historical values of Fortescue's Short Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Fortescue are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Debt i.e., Fortescue's Short Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.5

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Short Term Debt

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 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	95M	90.3M
Depreciation And Amortization	1.5B	1.7B	2.1B	2.3B

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		0.14	0.54	0.81	0.92	0.97	0.24	-0.31	0.91	0.82	0.85	0.98	0.51	-0.03	0.85	0.41	0.85	-0.36	0.42	0.88	0.73	-0.34	0.67	0.95	0.89	0.49
Short Long Term Debt Total	0.14		0.2	0.07	-0.23	0.25	-0.01	0.82	-0.26	-0.04	-0.04	0.18	-0.29	0.32	-0.04	0.24	0.26	0.24	0.91	0.2	-0.03	0.35	0.78	0.02	0.01	0.62
Other Current Liab	0.54	0.2		0.79	0.38	0.56	0.34	0.02	0.36	0.38	0.37	0.53	0.01	0.53	0.37	0.62	0.43	-0.17	0.37	0.7	0.3	0.42	0.59	0.39	0.49	0.4
Total Current Liabilities	0.81	0.07	0.79		0.71	0.74	0.59	-0.35	0.69	0.66	0.8	0.73	0.28	0.2	0.8	0.64	0.63	-0.2	0.32	0.78	0.58	-0.02	0.61	0.65	0.85	0.5
Total Stockholder Equity	0.92	-0.23	0.38	0.71		0.85	0.17	-0.62	1.0	0.84	0.86	0.88	0.59	-0.21	0.86	0.27	0.73	-0.44	0.05	0.79	0.75	-0.53	0.33	0.95	0.87	0.25
Property Plant And Equipment Net	0.97	0.25	0.56	0.74	0.85		0.18	-0.14	0.83	0.72	0.71	0.99	0.46	0.05	0.71	0.37	0.92	-0.35	0.53	0.86	0.68	-0.24	0.75	0.94	0.78	0.47
Current Deferred Revenue	0.24	-0.01	0.34	0.59	0.17	0.18		-0.28	0.16	-0.04	0.39	0.17	0.12	0.31	0.39	0.29	0.21	0.22	0.15	0.15	0.07	0.24	0.26	0.1	0.36	0.03
Net Debt	-0.31	0.82	0.02	-0.35	-0.62	-0.14	-0.28		-0.64	-0.44	-0.57	-0.21	-0.45	0.39	-0.57	-0.01	-0.07	0.24	0.66	-0.19	-0.37	0.55	0.44	-0.39	-0.5	0.26
Retained Earnings	0.91	-0.26	0.36	0.69	1.0	0.83	0.16	-0.64		0.84	0.86	0.86	0.59	-0.22	0.86	0.25	0.7	-0.45	0.02	0.78	0.75	-0.54	0.3	0.94	0.87	0.22
Accounts Payable	0.82	-0.04	0.38	0.66	0.84	0.72	-0.04	-0.44	0.84		0.84	0.73	0.34	-0.17	0.84	0.34	0.5	-0.44	0.12	0.82	0.79	-0.43	0.37	0.78	0.88	0.51
Cash	0.85	-0.04	0.37	0.8	0.86	0.71	0.39	-0.57	0.86	0.84		0.73	0.37	-0.18	1.0	0.38	0.55	-0.33	0.15	0.76	0.77	-0.46	0.42	0.77	0.99	0.5
Non Current Assets Total	0.98	0.18	0.53	0.73	0.88	0.99	0.17	-0.21	0.86	0.73	0.73		0.55	0.01	0.73	0.36	0.91	-0.33	0.48	0.83	0.65	-0.3	0.7	0.95	0.78	0.43
Non Currrent Assets Other	0.51	-0.29	0.01	0.28	0.59	0.46	0.12	-0.45	0.59	0.34	0.37	0.55		-0.21	0.37	0.12	0.45	0.14	0.05	0.14	0.01	-0.46	0.1	0.52	0.32	-0.02
Other Assets	-0.03	0.32	0.53	0.2	-0.21	0.05	0.31	0.39	-0.22	-0.17	-0.18	0.01	-0.21		-0.18	0.09	-0.07	0.11	0.33	0.23	-0.15	0.89	0.33	-0.14	-0.1	-0.03
Cash And Short Term Investments	0.85	-0.04	0.37	0.8	0.86	0.71	0.39	-0.57	0.86	0.84	1.0	0.73	0.37	-0.18		0.38	0.55	-0.33	0.15	0.76	0.77	-0.46	0.42	0.77	0.99	0.5
Net Receivables	0.41	0.24	0.62	0.64	0.27	0.37	0.29	-0.01	0.25	0.34	0.38	0.36	0.12	0.09	0.38		0.3	0.18	0.38	0.41	0.13	0.05	0.48	0.25	0.46	0.48
Common Stock Total Equity	0.85	0.26	0.43	0.63	0.73	0.92	0.21	-0.07	0.7	0.5	0.55	0.91	0.45	-0.07	0.55	0.3		-0.28	0.52	0.63	0.54	-0.29	0.69	0.85	0.59	0.39
Common Stock Shares Outstanding	-0.36	0.24	-0.17	-0.2	-0.44	-0.35	0.22	0.24	-0.45	-0.44	-0.33	-0.33	0.14	0.11	-0.33	0.18	-0.28		0.24	-0.47	-0.59	0.23	-0.03	-0.44	-0.36	0.05
Non Current Liabilities Total	0.42	0.91	0.37	0.32	0.05	0.53	0.15	0.66	0.02	0.12	0.15	0.48	0.05	0.33	0.15	0.38	0.52	0.24		0.37	0.08	0.26	0.93	0.27	0.21	0.66
Inventory	0.88	0.2	0.7	0.78	0.79	0.86	0.15	-0.19	0.78	0.82	0.76	0.83	0.14	0.23	0.76	0.41	0.63	-0.47	0.37		0.79	-0.05	0.64	0.82	0.85	0.48
Other Current Assets	0.73	-0.03	0.3	0.58	0.75	0.68	0.07	-0.37	0.75	0.79	0.77	0.65	0.01	-0.15	0.77	0.13	0.54	-0.59	0.08	0.79		-0.38	0.35	0.71	0.8	0.42
Other Stockholder Equity	-0.34	0.35	0.42	-0.02	-0.53	-0.24	0.24	0.55	-0.54	-0.43	-0.46	-0.3	-0.46	0.89	-0.46	0.05	-0.29	0.23	0.26	-0.05	-0.38		0.19	-0.46	-0.39	-0.1
Total Liab	0.67	0.78	0.59	0.61	0.33	0.75	0.26	0.44	0.3	0.37	0.42	0.7	0.1	0.33	0.42	0.48	0.69	-0.03	0.93	0.64	0.35	0.19		0.5	0.49	0.71
Property Plant And Equipment Gross	0.95	0.02	0.39	0.65	0.95	0.94	0.1	-0.39	0.94	0.78	0.77	0.95	0.52	-0.14	0.77	0.25	0.85	-0.44	0.27	0.82	0.71	-0.46	0.5		0.81	0.29
Total Current Assets	0.89	0.01	0.49	0.85	0.87	0.78	0.36	-0.5	0.87	0.88	0.99	0.78	0.32	-0.1	0.99	0.46	0.59	-0.36	0.21	0.85	0.8	-0.39	0.49	0.81		0.53
Short Term Debt	0.49	0.62	0.4	0.5	0.25	0.47	0.03	0.26	0.22	0.51	0.5	0.43	-0.02	-0.03	0.5	0.48	0.39	0.05	0.66	0.48	0.42	-0.1	0.71	0.29	0.53

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Fortescue Account Relationship Matchups

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	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	443M	267.2M
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	429M	230.1M
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	306M	321.3M
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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