Firetail Capital Lease Obligations vs Net Tangible Assets Analysis

FTL Stock

0.08 0 1.23%

Firetail Resources financial indicator trend analysis is much more than just examining Firetail Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Firetail Resources is a good investment. Please check the relationship between Firetail Resources Capital Lease Obligations and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Firetail Resources. 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.

Capital Lease Obligations vs Net Tangible Assets

Capital Lease Obligations vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Firetail Resources Capital Lease Obligations account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Firetail Resources' Capital Lease Obligations and Net Tangible Assets is 0.9. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Firetail Resources, assuming nothing else is changed. The correlation between historical values of Firetail Resources' Capital Lease Obligations and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Firetail Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Capital Lease Obligations i.e., Firetail Resources' Capital Lease Obligations and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

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Capital Lease Obligations

Firetail Resources capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Firetail Resources asset purchases. For example, Firetail Resources can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Firetail Resources control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Firetail Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Firetail Resources 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 Firetail Resources. 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 drop to about 744.9 K in 2024. Issuance Of Capital Stock is likely to drop to about 6.5 M in 2024

	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.4M	991.8K	2.0M	2.1M
Depreciation And Amortization	20.0K	36.0K	431.7K	453.3K

Other Operating Expenses Depreciation And Amortization

Firetail Resources fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Other Current Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Receivables	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		-0.27	0.98	1.0	-0.93	-0.88	0.93	0.91	0.37	0.84	0.93	0.66	0.98	0.93	-0.84	1.0	0.89	0.78	-0.69	0.35	0.81	-0.82	0.49	-0.81	0.62	-0.81
Short Long Term Debt Total	-0.27		-0.31	-0.28	0.44	0.19	-0.42	-0.26	-0.86	-0.25	-0.42	0.37	-0.3	-0.42	0.73	-0.26	-0.65	0.14	0.19	0.76	-0.45	0.47	0.35	0.44	-0.72	0.37
Total Current Liabilities	0.98	-0.31		0.98	-0.86	-0.9	0.87	0.91	0.47	0.83	0.87	0.69	1.0	0.86	-0.87	0.99	0.92	0.82	-0.73	0.32	0.89	-0.9	0.47	-0.89	0.73	-0.88
Total Stockholder Equity	1.0	-0.28	0.98		-0.93	-0.87	0.94	0.9	0.38	0.84	0.94	0.64	0.98	0.94	-0.85	1.0	0.89	0.77	-0.69	0.33	0.8	-0.82	0.47	-0.8	0.62	-0.8
Net Debt	-0.93	0.44	-0.86	-0.93		0.77	-0.99	-0.84	-0.38	-0.81	-0.99	-0.38	-0.86	-0.99	0.86	-0.92	-0.87	-0.54	0.6	-0.11	-0.69	0.68	-0.35	0.68	-0.54	0.68
Retained Earnings	-0.88	0.19	-0.9	-0.87	0.77		-0.73	-0.99	-0.21	-0.72	-0.73	-0.8	-0.9	-0.73	0.74	-0.89	-0.8	-0.91	0.95	-0.49	-0.92	0.89	-0.78	0.93	-0.5	0.95
Cash	0.93	-0.42	0.87	0.94	-0.99	-0.73		0.8	0.4	0.82	1.0	0.37	0.86	1.0	-0.85	0.92	0.86	0.52	-0.53	0.1	0.65	-0.66	0.29	-0.65	0.55	-0.64
Non Current Assets Total	0.91	-0.26	0.91	0.9	-0.84	-0.99	0.8		0.24	0.75	0.8	0.73	0.91	0.79	-0.79	0.91	0.83	0.86	-0.93	0.42	0.91	-0.88	0.73	-0.92	0.51	-0.94
Non Currrent Assets Other	0.37	-0.86	0.47	0.38	-0.38	-0.21	0.4	0.24		0.38	0.4	-0.15	0.45	0.4	-0.75	0.38	0.72	0.04	-0.12	-0.62	0.53	-0.59	-0.42	-0.51	0.93	-0.43
Other Assets	0.84	-0.25	0.83	0.84	-0.81	-0.72	0.82	0.75	0.38		0.82	0.48	0.83	0.82	-0.69	0.84	0.78	0.6	-0.56	0.19	0.68	-0.69	0.34	-0.68	0.56	-0.67
Cash And Short Term Investments	0.93	-0.42	0.87	0.94	-0.99	-0.73	1.0	0.8	0.4	0.82		0.37	0.86	1.0	-0.85	0.92	0.86	0.52	-0.53	0.1	0.65	-0.66	0.29	-0.65	0.55	-0.64
Common Stock Shares Outstanding	0.66	0.37	0.69	0.64	-0.38	-0.8	0.37	0.73	-0.15	0.48	0.37		0.71	0.36	-0.3	0.68	0.4	0.97	-0.73	0.86	0.65	-0.64	0.83	-0.66	0.21	-0.71
Total Liab	0.98	-0.3	1.0	0.98	-0.86	-0.9	0.86	0.91	0.45	0.83	0.86	0.71		0.86	-0.86	0.99	0.91	0.83	-0.74	0.34	0.88	-0.9	0.49	-0.88	0.71	-0.88
Total Current Assets	0.93	-0.42	0.86	0.94	-0.99	-0.73	1.0	0.79	0.4	0.82	1.0	0.36	0.86		-0.85	0.92	0.86	0.52	-0.53	0.1	0.65	-0.65	0.29	-0.64	0.55	-0.63
Short Term Debt	-0.84	0.73	-0.87	-0.85	0.86	0.74	-0.85	-0.79	-0.75	-0.69	-0.85	-0.3	-0.86	-0.85		-0.84	-0.99	-0.51	0.62	0.15	-0.85	0.87	-0.17	0.84	-0.86	0.81
Common Stock	1.0	-0.26	0.99	1.0	-0.92	-0.89	0.92	0.91	0.38	0.84	0.92	0.68	0.99	0.92	-0.84		0.89	0.8	-0.7	0.36	0.82	-0.83	0.49	-0.82	0.63	-0.82
Accounts Payable	0.89	-0.65	0.92	0.89	-0.87	-0.8	0.86	0.83	0.72	0.78	0.86	0.4	0.91	0.86	-0.99	0.89		0.6	-0.67	-0.06	0.89	-0.91	0.24	-0.88	0.87	-0.85
Other Current Liab	0.78	0.14	0.82	0.77	-0.54	-0.91	0.52	0.86	0.04	0.6	0.52	0.97	0.83	0.52	-0.51	0.8	0.6		-0.85	0.73	0.82	-0.8	0.82	-0.82	0.39	-0.86
Net Tangible Assets	-0.69	0.19	-0.73	-0.69	0.6	0.95	-0.53	-0.93	-0.12	-0.56	-0.53	-0.73	-0.74	-0.53	0.62	-0.7	-0.67	-0.85		-0.45	-0.89	0.84	-0.84	0.9	-0.38	0.93
Property Plant And Equipment Net	0.35	0.76	0.32	0.33	-0.11	-0.49	0.1	0.42	-0.62	0.19	0.1	0.86	0.34	0.1	0.15	0.36	-0.06	0.73	-0.45		0.21	-0.17	0.81	-0.22	-0.3	-0.3
Current Deferred Revenue	0.81	-0.45	0.89	0.8	-0.69	-0.92	0.65	0.91	0.53	0.68	0.65	0.65	0.88	0.65	-0.85	0.82	0.89	0.82	-0.89	0.21		-0.99	0.55	-1.0	0.76	-0.99
Net Receivables	-0.82	0.47	-0.9	-0.82	0.68	0.89	-0.66	-0.88	-0.59	-0.69	-0.66	-0.64	-0.9	-0.65	0.87	-0.83	-0.91	-0.8	0.84	-0.17	-0.99		-0.48	0.99	-0.81	0.98
Non Current Liabilities Total	0.49	0.35	0.47	0.47	-0.35	-0.78	0.29	0.73	-0.42	0.34	0.29	0.83	0.49	0.29	-0.17	0.49	0.24	0.82	-0.84	0.81	0.55	-0.48		-0.57	-0.12	-0.64
Capital Lease Obligations	-0.81	0.44	-0.89	-0.8	0.68	0.93	-0.65	-0.92	-0.51	-0.68	-0.65	-0.66	-0.88	-0.64	0.84	-0.82	-0.88	-0.82	0.9	-0.22	-1.0	0.99	-0.57		-0.74	1.0
Inventory	0.62	-0.72	0.73	0.62	-0.54	-0.5	0.55	0.51	0.93	0.56	0.55	0.21	0.71	0.55	-0.86	0.63	0.87	0.39	-0.38	-0.3	0.76	-0.81	-0.12	-0.74		-0.68
Other Current Assets	-0.81	0.37	-0.88	-0.8	0.68	0.95	-0.64	-0.94	-0.43	-0.67	-0.64	-0.71	-0.88	-0.63	0.81	-0.82	-0.85	-0.86	0.93	-0.3	-0.99	0.98	-0.64	1.0	-0.68

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Firetail Capital Lease Obligations vs Net Tangible Assets Analysis

Capital Lease Obligations vs Net Tangible Assets

Capital Lease Obligations vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Net Tangible Assets

Firetail Resources fundamental ratios Correlations

Firetail Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Firetail Stock Analysis

COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Capital Lease Obligations	- 1.0	Current Deferred Revenue
Other Current Assets	- 0.99	Current Deferred Revenue
Net Receivables	- 0.99	Current Deferred Revenue
Accounts Payable	- 0.99	Short Term Debt
Non Current Assets Total	- 0.99	Retained Earnings
Total Current Assets	- 0.99	Net Debt