| FPR Stock | | | 3.16 0.01 0.32% |
FleetPartners financial indicator trend analysis is much more than just examining FleetPartners Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FleetPartners Group is a good investment. Please check the relationship between FleetPartners Cash and its Total Current Liabilities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FleetPartners 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 board of governors.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
FleetPartners Group Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between FleetPartners' Cash and Total Current Liabilities is 0.35. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of FleetPartners Group, assuming nothing else is changed. The correlation between historical values of FleetPartners' Cash and Total Current Liabilities 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 FleetPartners Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., FleetPartners' Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of FleetPartners Group, which is listed under current asset account on FleetPartners Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from FleetPartners customers. The amounts must be unrestricted with restricted cash listed in a different FleetPartners 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 Liabilities
Total Current Liabilities is an item on FleetPartners balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of FleetPartners Group 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 indicators from FleetPartners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FleetPartners Group 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 FleetPartners 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 board of governors.
Selling General Administrative is likely to gain to about 74.5
M in 2024, whereas
Tax Provision is likely to drop slightly above 32.4
M in 2024.
FleetPartners fundamental ratios Correlations
Click cells to compare fundamentals
FleetPartners Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FleetPartners fundamental ratios Accounts
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Additional Tools for FleetPartners Stock Analysis
When running FleetPartners' price analysis, check to
measure FleetPartners' 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 FleetPartners is operating at the current time. Most of FleetPartners' value examination focuses on studying past and present price action to
predict the probability of FleetPartners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FleetPartners' price. Additionally, you may evaluate how the addition of FleetPartners to your portfolios can decrease your overall portfolio volatility.