Forestar Historical Balance Sheet
FOR Stock | USD 30.77 1.71 5.88% |
Trend analysis of Forestar Group balance sheet accounts such as Total Stockholder Equity of 1.7 B or Net Debt of 182.6 M provides information on Forestar's total assets, liabilities, and equity, which is the actual value of Forestar Group to its prevalent stockholders. By breaking down trends over time using Forestar 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 Forestar Group 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 Forestar Group is a good buy for the upcoming year.
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About Forestar Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Forestar Group at a specified time, usually calculated after every quarter, six months, or one year. Forestar Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Forestar 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 Forestar currently owns. An asset can also be divided into two categories, current and non-current.
Forestar Balance Sheet Chart
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Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash
Cash refers to the most liquid asset of Forestar Group, which is listed under current asset account on Forestar Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Forestar customers. The amounts must be unrestricted with restricted cash listed in a different Forestar 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.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most accounts from Forestar's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Forestar Group 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 Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Forestar's Other Current Liabilities is relatively stable compared to the past year. As of 11/26/2024, Other Liabilities is likely to grow to about 229.3 M, while Net Debt is likely to drop slightly above 182.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 741.1M | 830.5M | 706.4M | 391.1M | Total Assets | 2.3B | 2.5B | 2.8B | 3.0B |
Forestar balance sheet Correlations
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Forestar Account Relationship Matchups
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Forestar balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Short Long Term Debt Total | 714.9M | 759.9M | 741.1M | 830.5M | 706.4M | 391.1M | |
Total Stockholder Equity | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 1.7B | |
Net Debt | 246.8M | 550.9M | 441.2M | 79M | 225.2M | 182.6M | |
Non Current Assets Total | 1.3B | 1.9B | 2.1B | 1.9B | 2.3B | 2.4B | |
Non Currrent Assets Other | 1.3B | 1.9B | 2.1B | 1.8B | (7.1M) | (6.7M) | |
Other Assets | 1M | 2.1B | 2.1B | 1.8B | 2.8B | 3.0B | |
Common Stock Shares Outstanding | 48.1M | 49.0M | 49.8M | 50.1M | 50.8M | 44.4M | |
Liabilities And Stockholders Equity | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Non Current Liabilities Total | 745.1M | 877.2M | 879.1M | 867.1M | 789.8M | 434.1M | |
Other Stockholder Equity | 386.9M | 636.2M | (1.1B) | 644.2M | 665.2M | 698.5M | |
Total Liab | 868.1M | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | |
Other Current Liab | 10.5M | 1.3M | 137.1M | 165.3M | 190.1M | 199.6M | |
Other Liab | 124M | 172.7M | 173.1M | 189.9M | 218.4M | 229.3M | |
Accounts Payable | 29.2M | 47.4M | 72.2M | 68.4M | 85.9M | 90.2M | |
Cash | 394.3M | 153.6M | 264.8M | 616M | 481.2M | 505.3M | |
Long Term Debt | 641.1M | 704.5M | 706M | 695M | 706.4M | 381.5M | |
Inventory | (10.4M) | (26.9M) | (40.3M) | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 10.4M | 25.8M | 28.9M | (641.7M) | (481.2M) | (457.1M) | |
Property Plant Equipment | 4.7M | 2.9M | 5.7M | 1.8B | 2.1B | 2.2B | |
Total Current Liabilities | 123M | 208.6M | 264.6M | 233.7M | 455.2M | 478.0M | |
Property Plant And Equipment Net | 1.1M | 2.9M | 5.7M | 5.9M | 7.1M | 6.7M | |
Cash And Short Term Investments | 394.3M | 153.6M | 264.8M | 616M | 481.2M | 505.3M | |
Net Receivables | 6.3M | 1.1M | 11.4M | 25.7M | 28.4M | 17.2M | |
Property Plant And Equipment Gross | 3.7M | 10.7M | 14.8M | 14.9M | 20.5M | 19.5M | |
Total Current Assets | 400.6M | 153.6M | 264.8M | 616M | 555.1M | 407.9M | |
Retained Earnings | 218.9M | 329.1M | 507.9M | 674.8M | 878.2M | 922.1M | |
Common Stock | 48.1M | 49.6M | 49.8M | 49.9M | 50.7M | 46.1M | |
Net Tangible Assets | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 847.8M | |
Long Term Debt Total | 641.1M | 704.5M | 706M | 695M | 799.3M | 459.4M |
Pair Trading with Forestar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Forestar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Forestar will appreciate offsetting losses from the drop in the long position's value.Moving together with Forestar Stock
Moving against Forestar Stock
The ability to find closely correlated positions to Forestar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forestar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Forestar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Forestar Group to buy it.
The correlation of Forestar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Forestar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forestar Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Forestar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Forestar Stock Analysis
When running Forestar's price analysis, check to measure Forestar'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 Forestar is operating at the current time. Most of Forestar's value examination focuses on studying past and present price action to predict the probability of Forestar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forestar's price. Additionally, you may evaluate how the addition of Forestar to your portfolios can decrease your overall portfolio volatility.