Fredonia Other Current Assets vs Long Term Debt Analysis

FRED Stock

0.28 0.02 6.67%

Fredonia Mining financial indicator trend analysis is much more than just examining Fredonia Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fredonia Mining is a good investment. Please check the relationship between Fredonia Mining Other Current Assets and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fredonia Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Other Current Assets vs Long Term Debt

Other Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fredonia Mining Other Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Fredonia Mining's Other Current Assets and Long Term Debt is 0.97. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Fredonia Mining, assuming nothing else is changed. The correlation between historical values of Fredonia Mining's Other Current Assets and Long Term Debt 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 Current Assets of Fredonia Mining are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Other Current Assets i.e., Fredonia Mining's Other Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Long Term Debt

Long-term debt is a debt that Fredonia Mining has held for over one year. Long-term debt appears on Fredonia Mining balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Fredonia Mining balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Fredonia Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fredonia Mining 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 Fredonia Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Selling General Administrative is likely to climb to about 1.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Fredonia Mining fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Long Term Debt	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Other Stockholder Equity	Property Plant And Equipment Gross	Short Long Term Debt
Other Current Liab		0.48	0.04	-0.51	0.46	-0.09	-0.12	0.37	0.35	-0.34	-0.65	0.2	0.12	0.04	0.42	0.38	0.04	0.42	-0.64	0.9	0.12	-0.37	0.25	-0.66	0.07	0.42
Total Current Liabilities	0.48		-0.74	0.5	-0.5	0.79	0.75	-0.47	0.74	0.58	0.35	0.31	0.29	-0.11	-0.31	0.72	-0.11	-0.31	0.3	0.19	0.28	0.6	0.67	0.26	-0.19	-0.31
Other Liab	0.04	-0.74		-0.81	0.74	-0.88	-0.86	0.63	-0.58	-0.84	-0.74	-0.32	-0.36	-0.04	0.41	-0.55	-0.04	0.41	-0.71	0.45	-0.34	-0.85	-0.59	-0.73	0.07	0.41
Net Tangible Assets	-0.51	0.5	-0.81		-0.91	0.88	0.87	-0.8	0.44	0.92	0.98	0.2	0.26	-0.03	-0.67	0.4	-0.03	-0.67	0.92	-0.73	0.25	0.96	0.48	0.92	-0.15	-0.67
Retained Earnings	0.46	-0.5	0.74	-0.91		-0.79	-0.79	0.75	-0.21	-0.84	-0.9	0.14	0.09	0.4	0.64	-0.16	0.4	0.64	-0.87	0.62	0.1	-0.88	-0.21	-0.85	0.5	0.64
Accounts Payable	-0.09	0.79	-0.88	0.88	-0.79		1.0	-0.59	0.75	0.95	0.77	0.43	0.46	0.08	-0.4	0.72	0.08	-0.4	0.74	-0.4	0.44	0.95	0.75	0.77	-0.04	-0.4
Net Receivables	-0.12	0.75	-0.86	0.87	-0.79	1.0		-0.54	0.74	0.97	0.77	0.43	0.46	0.09	-0.35	0.7	0.09	-0.35	0.76	-0.43	0.44	0.96	0.73	0.8	-0.03	-0.35
Other Current Assets	0.37	-0.47	0.63	-0.8	0.75	-0.59	-0.54		-0.14	-0.57	-0.81	0.14	0.09	0.33	0.97	-0.1	0.33	0.97	-0.75	0.49	0.11	-0.67	-0.14	-0.6	0.42	0.97
Total Current Assets	0.35	0.74	-0.58	0.44	-0.21	0.75	0.74	-0.14		0.59	0.29	0.85	0.84	0.55	0.02	1.0	0.55	0.02	0.2	0.06	0.83	0.56	0.99	0.29	0.46	0.02
Common Stock	-0.34	0.58	-0.84	0.92	-0.84	0.95	0.97	-0.57	0.59		0.87	0.34	0.39	0.07	-0.39	0.55	0.07	-0.39	0.88	-0.63	0.38	0.99	0.61	0.92	-0.04	-0.39
Property Plant Equipment	-0.65	0.35	-0.74	0.98	-0.9	0.77	0.77	-0.81	0.29	0.87		0.11	0.18	-0.06	-0.7	0.24	-0.06	-0.7	0.95	-0.83	0.17	0.92	0.34	0.94	-0.16	-0.7
Total Assets	0.2	0.31	-0.32	0.2	0.14	0.43	0.43	0.14	0.85	0.34	0.11		1.0	0.9	0.26	0.87	0.9	0.26	0.02	-0.05	1.0	0.3	0.9	0.17	0.86	0.26
Total Stockholder Equity	0.12	0.29	-0.36	0.26	0.09	0.46	0.46	0.09	0.84	0.39	0.18	1.0		0.91	0.22	0.85	0.91	0.22	0.09	-0.13	1.0	0.35	0.89	0.24	0.86	0.22
Property Plant And Equipment Net	0.04	-0.11	-0.04	-0.03	0.4	0.08	0.09	0.33	0.55	0.07	-0.06	0.9	0.91		0.41	0.58	1.0	0.41	-0.13	-0.12	0.92	0.03	0.63	0.04	0.99	0.41
Net Debt	0.42	-0.31	0.41	-0.67	0.64	-0.4	-0.35	0.97	0.02	-0.39	-0.7	0.26	0.22	0.41		0.06	0.41	1.0	-0.65	0.43	0.24	-0.51	0.03	-0.47	0.47	1.0
Cash	0.38	0.72	-0.55	0.4	-0.16	0.72	0.7	-0.1	1.0	0.55	0.24	0.87	0.85	0.58	0.06		0.58	0.06	0.16	0.09	0.85	0.52	0.99	0.25	0.5	0.06
Non Current Assets Total	0.04	-0.11	-0.04	-0.03	0.4	0.08	0.09	0.33	0.55	0.07	-0.06	0.9	0.91	1.0	0.41	0.58		0.41	-0.13	-0.12	0.92	0.03	0.63	0.04	0.99	0.41
Long Term Debt	0.42	-0.31	0.41	-0.67	0.64	-0.4	-0.35	0.97	0.02	-0.39	-0.7	0.26	0.22	0.41	1.0	0.06	0.41		-0.65	0.43	0.24	-0.51	0.03	-0.47	0.47	1.0
Common Stock Shares Outstanding	-0.64	0.3	-0.71	0.92	-0.87	0.74	0.76	-0.75	0.2	0.88	0.95	0.02	0.09	-0.13	-0.65	0.16	-0.13	-0.65		-0.83	0.08	0.9	0.25	0.96	-0.23	-0.65
Total Liab	0.9	0.19	0.45	-0.73	0.62	-0.4	-0.43	0.49	0.06	-0.63	-0.83	-0.05	-0.13	-0.12	0.43	0.09	-0.12	0.43	-0.83		-0.12	-0.65	-0.05	-0.88	-0.05	0.43
Net Invested Capital	0.12	0.28	-0.34	0.25	0.1	0.44	0.44	0.11	0.83	0.38	0.17	1.0	1.0	0.92	0.24	0.85	0.92	0.24	0.08	-0.12		0.34	0.89	0.23	0.86	0.24
Capital Stock	-0.37	0.6	-0.85	0.96	-0.88	0.95	0.96	-0.67	0.56	0.99	0.92	0.3	0.35	0.03	-0.51	0.52	0.03	-0.51	0.9	-0.65	0.34		0.59	0.92	-0.09	-0.51
Net Working Capital	0.25	0.67	-0.59	0.48	-0.21	0.75	0.73	-0.14	0.99	0.61	0.34	0.9	0.89	0.63	0.03	0.99	0.63	0.03	0.25	-0.05	0.89	0.59		0.36	0.55	0.03
Other Stockholder Equity	-0.66	0.26	-0.73	0.92	-0.85	0.77	0.8	-0.6	0.29	0.92	0.94	0.17	0.24	0.04	-0.47	0.25	0.04	-0.47	0.96	-0.88	0.23	0.92	0.36		-0.06	-0.47
Property Plant And Equipment Gross	0.07	-0.19	0.07	-0.15	0.5	-0.04	-0.03	0.42	0.46	-0.04	-0.16	0.86	0.86	0.99	0.47	0.5	0.99	0.47	-0.23	-0.05	0.86	-0.09	0.55	-0.06		0.47
Short Long Term Debt	0.42	-0.31	0.41	-0.67	0.64	-0.4	-0.35	0.97	0.02	-0.39	-0.7	0.26	0.22	0.41	1.0	0.06	0.41	1.0	-0.65	0.43	0.24	-0.51	0.03	-0.47	0.47

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Fredonia Mining Account Relationship Matchups

Fredonia Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	578.8K	1.3M	454.0K	571.6K	657.4K	704.8K
Retained Earnings	(4.0M)	(7.2M)	(6.4M)	(14.9M)	(13.4M)	(12.8M)
Accounts Payable	115.4K	514.6K	429.0K	411.1K	472.8K	342.6K
Total Current Assets	12.9K	3.6M	2.8M	418.9K	481.8K	457.7K

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