| FVI Stock | | | CAD 6.97 0.01 0.14% |
Fortuna Silver financial indicator trend analysis is much more than just examining Fortuna Silver Mines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortuna Silver Mines is a good investment. Please check the relationship between Fortuna Silver Cash and its Total Current Liabilities accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Fortuna Silver Mines Cash account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fortuna Silver's Cash and Total Current Liabilities is 0.62. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Fortuna Silver Mines, assuming nothing else is changed. The correlation between historical values of Fortuna Silver's Cash and Total Current Liabilities 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 Fortuna Silver Mines are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Fortuna Silver's Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Fortuna Silver Mines, which is listed under current asset account on Fortuna Silver Mines balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Fortuna Silver customers. The amounts must be unrestricted with restricted cash listed in a different Fortuna Silver 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.
Total Current Liabilities
Total Current Liabilities is an item on Fortuna Silver balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortuna Silver Mines 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.
Most indicators from Fortuna Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortuna Silver Mines 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 Fortuna Silver Mines. 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.
At this time, Fortuna Silver's
Selling General Administrative is very stable compared to the past year. As of the 24th of November 2024,
Enterprise Value Over EBITDA is likely to grow to 5.80, while
Tax Provision is likely to drop about 31.5
M.
Fortuna Silver fundamental ratios Correlations
Click cells to compare fundamentals
Fortuna Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortuna Silver fundamental ratios Accounts
When determining whether Fortuna Silver Mines is a strong investment it is important to analyze Fortuna Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortuna Silver's
future performance.
For an informed investment choice regarding Fortuna Stock, refer to the following important reports: Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. 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.
You can also try the
Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Please note, there is a significant difference between Fortuna Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortuna Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortuna Silver'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.