First Cash vs Non Current Liabilities Total Analysis

FTHY Stock  USD 14.73  0.09  0.61%   
First Trust financial indicator trend analysis is much more than just examining First Trust High latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Trust High is a good investment. Please check the relationship between First Trust Cash and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Cash vs Non Current Liabilities Total

Cash vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Cash account and Non Current Liabilities Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between First Trust's Cash and Non Current Liabilities Total is 0.8. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of First Trust High, assuming nothing else is changed. The correlation between historical values of First Trust's Cash and Non Current Liabilities Total 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 First Trust High are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash i.e., First Trust's Cash and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Cash

Cash refers to the most liquid asset of First Trust High, which is listed under current asset account on First Trust High balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from First Trust customers. The amounts must be unrestricted with restricted cash listed in a different First Trust 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.

Non Current Liabilities Total

Most indicators from First Trust's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Trust High 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 First Trust High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
At this time, First Trust's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 870.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 737.1 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Income60.2M51.7M51.2M43.5M
Net Interest Income57.3M44.7M42.6M39.3M

First Trust fundamental ratios Correlations

0.98-0.850.850.990.950.980.850.891.0-1.00.950.890.810.730.980.760.720.981.01.00.82-0.74-0.740.72
0.98-0.750.750.940.940.930.750.80.98-0.980.870.80.770.651.00.720.641.00.980.980.78-0.73-0.730.64
-0.85-0.75-1.0-0.89-0.72-0.93-1.0-0.99-0.850.86-0.84-0.99-0.6-0.54-0.75-0.57-0.51-0.78-0.84-0.85-0.630.560.56-0.53
0.850.75-1.00.890.720.931.00.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.990.94-0.890.890.940.980.890.920.99-0.980.980.920.810.770.940.770.770.950.990.990.82-0.74-0.740.76
0.950.94-0.720.720.940.890.720.750.95-0.940.930.750.70.860.940.910.820.940.960.950.71-0.89-0.890.85
0.980.93-0.930.930.980.890.930.960.98-0.980.940.960.790.650.930.670.650.950.980.980.81-0.66-0.660.64
0.850.75-1.01.00.890.720.930.990.85-0.860.850.990.610.550.750.570.520.780.840.850.63-0.57-0.570.54
0.890.8-0.990.990.920.750.960.990.89-0.90.871.00.690.530.80.540.530.830.880.890.71-0.54-0.540.52
1.00.98-0.850.850.990.950.980.850.89-1.00.950.890.80.730.980.760.720.981.01.00.81-0.75-0.750.72
-1.0-0.980.86-0.86-0.98-0.94-0.98-0.86-0.9-1.0-0.93-0.9-0.78-0.69-0.98-0.74-0.68-0.99-1.0-1.0-0.80.740.74-0.68
0.950.87-0.840.850.980.930.940.850.870.95-0.930.870.830.860.870.80.870.890.950.950.84-0.74-0.740.85
0.890.8-0.990.990.920.750.960.991.00.89-0.90.870.690.530.80.540.530.830.880.890.71-0.54-0.540.52
0.810.77-0.60.610.810.70.790.610.690.8-0.780.830.690.570.770.410.710.780.810.81.0-0.31-0.310.57
0.730.65-0.540.550.770.860.650.550.530.73-0.690.860.530.570.650.930.970.660.730.730.58-0.85-0.851.0
0.981.0-0.750.750.940.940.930.750.80.98-0.980.870.80.770.650.720.641.00.980.980.78-0.73-0.730.64
0.760.72-0.570.570.770.910.670.570.540.76-0.740.80.540.410.930.720.830.730.760.760.42-0.98-0.980.93
0.720.64-0.510.520.770.820.650.520.530.72-0.680.870.530.710.970.640.830.640.720.720.71-0.72-0.720.97
0.981.0-0.780.780.950.940.950.780.830.98-0.990.890.830.780.661.00.730.640.990.980.79-0.73-0.730.65
1.00.98-0.840.840.990.960.980.840.881.0-1.00.950.880.810.730.980.760.720.991.00.82-0.75-0.750.72
1.00.98-0.850.850.990.950.980.850.891.0-1.00.950.890.80.730.980.760.720.981.00.81-0.75-0.750.72
0.820.78-0.630.630.820.710.810.630.710.81-0.80.840.711.00.580.780.420.710.790.820.81-0.33-0.330.57
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
-0.74-0.730.56-0.57-0.74-0.89-0.66-0.57-0.54-0.750.74-0.74-0.54-0.31-0.85-0.73-0.98-0.72-0.73-0.75-0.75-0.331.0-0.85
0.720.64-0.530.540.760.850.640.540.520.72-0.680.850.520.571.00.640.930.970.650.720.720.57-0.85-0.85
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First Trust Account Relationship Matchups

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