Firetail Change To Netincome vs Free Cash Flow 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 Change To Netincome and its Free Cash Flow 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.

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Firetail Resources Change To Netincome account and Free Cash Flow. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Firetail Resources' Change To Netincome and Free Cash Flow is 0.91. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Free Cash Flow 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' Change To Netincome and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Firetail Resources are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Netincome i.e., Firetail Resources' Change To Netincome and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Change To Netincome

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

Click cells to compare fundamentals

Firetail Resources Account Relationship Matchups

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Firetail Stock Analysis

When running Firetail Resources' price analysis, check to measure Firetail Resources' 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 Firetail Resources is operating at the current time. Most of Firetail Resources' value examination focuses on studying past and present price action to predict the probability of Firetail Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firetail Resources' price. Additionally, you may evaluate how the addition of Firetail Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Firetail Change To Netincome vs Free Cash Flow Analysis

Change To Netincome vs Free Cash Flow

Change To Netincome vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Netincome

Free Cash Flow

Firetail Resources fundamental ratios Correlations

Firetail Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Firetail Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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