Frontline Historical Balance Sheet
FRO Stock | USD 19.58 0.05 0.26% |
Trend analysis of Frontline balance sheet accounts such as Other Current Liabilities of 81.8 M or Total Current Liabilities of 319 M provides information on Frontline's total assets, liabilities, and equity, which is the actual value of Frontline to its prevalent stockholders. By breaking down trends over time using Frontline 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 Frontline 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 Frontline is a good buy for the upcoming year.
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About Frontline Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Frontline at a specified time, usually calculated after every quarter, six months, or one year. Frontline Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Frontline 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 Frontline currently owns. An asset can also be divided into two categories, current and non-current.
Frontline Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Frontline assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Frontline books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Frontline balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Frontline 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.Short Term Investments
Short Term Investments is an item under the current assets section of Frontline balance sheet. It contains any investments Frontline undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Frontline can easily liquidate in the marketplace.Most accounts from Frontline's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Frontline 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 Frontline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.At this time, Frontline's Common Stock Shares Outstanding is very stable compared to the past year. As of the 22nd of November 2024, Inventory is likely to grow to about 257.5 M, while Total Assets are likely to drop about 3 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.4B | 2.4B | 3.5B | 1.9B | Total Assets | 4.1B | 4.8B | 5.9B | 3.0B |
Frontline balance sheet Correlations
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Frontline Account Relationship Matchups
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Frontline balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.7B | 3.9B | 4.1B | 4.8B | 5.9B | 3.0B | |
Short Long Term Debt Total | 2.1B | 2.2B | 2.4B | 2.4B | 3.5B | 1.9B | |
Other Current Liab | 102.8M | 93.4M | 114.9M | 104.8M | 138.2M | 81.8M | |
Total Current Liabilities | 848.1M | 281.4M | 292.7M | 391.7M | 409.1M | 319.0M | |
Total Stockholder Equity | 1.5B | 1.6B | 1.7B | 2.3B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 3.1B | 3.4B | 3.7B | 3.7B | 4.6B | 2.4B | |
Net Debt | 1.9B | 2.0B | 2.3B | 2.1B | 3.2B | 1.8B | |
Retained Earnings | (174.8M) | 8.0M | (3.1M) | 436.2M | 446.0M | 468.3M | |
Accounts Payable | 13.0M | 7.9M | 2.3M | 8.0M | 7.8M | 10.6M | |
Cash | 174.2M | 174.7M | 113.1M | 254.5M | 308.3M | 323.7M | |
Non Current Assets Total | 3.2B | 3.5B | 3.8B | 3.9B | 5.2B | 5.4B | |
Non Currrent Assets Other | 9.4M | 7.2M | 12.7M | 56.9M | 355.5M | 373.3M | |
Cash And Short Term Investments | 175.3M | 177.4M | 115.5M | 490.8M | 315.8M | 158.7M | |
Net Receivables | 104.3M | 84.9M | 83.9M | 237.1M | 143.9M | 80.2M | |
Common Stock Shares Outstanding | 179.3M | 197.8M | 199.0M | 214.0M | 222.6M | 233.8M | |
Liabilities And Stockholders Equity | 3.7B | 3.9B | 4.1B | 4.8B | 5.9B | 3.0B | |
Non Current Liabilities Total | 1.3B | 2.0B | 2.2B | 2.1B | 3.2B | 1.7B | |
Inventory | 138.0M | 92.6M | 119.3M | 80.8M | 245.2M | 257.5M | |
Other Current Assets | 260.1M | 23.5M | 14.0M | 46.0M | 23.0M | 21.9M | |
Other Stockholder Equity | 1.5B | 1.4B | 1.5B | 1.6B | 1.9B | 1.9B | |
Total Liab | 2.2B | 2.3B | 2.5B | 2.5B | 3.6B | 2.0B | |
Property Plant And Equipment Gross | 3.1B | 3.4B | 3.7B | 3.7B | 5.6B | 5.9B | |
Total Current Assets | 448.5M | 378.3M | 332.7M | 881.1M | 727.9M | 485.6M | |
Accumulated Other Comprehensive Income | 330K | 200K | 228K | 454K | 415K | 435.8K | |
Short Term Debt | 727.3M | 179.4M | 207.4M | 278.9M | 263.1M | 221.9M | |
Short Term Investments | 1.1M | 2.6M | 2.4M | 236.3M | 7.4M | 7.1M | |
Common Stock | 196.9M | 197.7M | 203.5M | 222.6M | 256.0M | 208.4M | |
Current Deferred Revenue | 304K | 5.0M | 5.7M | 3.1M | 2.8M | 2.7M | |
Net Tangible Assets | 1.4B | 1.5B | 1.5B | 2.2B | 2.5B | 1.5B | |
Other Assets | 75.4M | 8.6M | 14.1M | 2.9M | 1.0 | 0.95 | |
Long Term Debt | 1.3B | 2.0B | 2.1B | 2.1B | 3.2B | 1.6B | |
Long Term Investments | 15.7M | 1.3M | 555K | 16.3M | 12.4M | 20.1M | |
Short Long Term Debt | 439.0M | 167.1M | 189.3M | 258.4M | 262.0M | 231.1M | |
Property Plant Equipment | 3.1B | 3.4B | 3.7B | 3.7B | 4.3B | 2.8B | |
Other Liab | 1.1M | 3.7M | 992K | 2.1M | 1.8M | 1.8M | |
Long Term Debt Total | 1.7B | 1.3B | 2.0B | 2.2B | 2.5B | 1.6B | |
Capital Surpluse | 1.3B | 1.5B | 1.4B | 1.5B | 1.7B | 1.3B |
Pair Trading with Frontline
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 Frontline 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 Frontline will appreciate offsetting losses from the drop in the long position's value.Moving together with Frontline Stock
Moving against Frontline Stock
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0.65 | KMI | Kinder Morgan Aggressive Push | PairCorr |
0.63 | OKE | ONEOK Inc | PairCorr |
0.61 | ENLC | EnLink Midstream LLC | PairCorr |
0.59 | ET | Energy Transfer LP Aggressive Push | PairCorr |
The ability to find closely correlated positions to Frontline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Frontline 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 Frontline - 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 Frontline to buy it.
The correlation of Frontline 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 Frontline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frontline 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 Frontline 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frontline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Frontline Stock, please use our How to Invest in Frontline guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Frontline. If investors know Frontline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Frontline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 1.91 | Earnings Share 2.67 | Revenue Per Share 8.654 | Quarterly Revenue Growth 0.084 |
The market value of Frontline is measured differently than its book value, which is the value of Frontline that is recorded on the company's balance sheet. Investors also form their own opinion of Frontline's value that differs from its market value or its book value, called intrinsic value, which is Frontline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Frontline's market value can be influenced by many factors that don't directly affect Frontline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Frontline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Frontline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Frontline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.