ChoiceOne Long Term Debt vs Capital Stock Analysis

COFS Stock

USD 30.82 0.69 2.19%

ChoiceOne Financial financial indicator trend analysis is way more than just evaluating ChoiceOne Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChoiceOne Financial is a good investment. Please check the relationship between ChoiceOne Financial Long Term Debt and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Long Term Debt vs Capital Stock

Long Term Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChoiceOne Financial Long Term Debt account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.

The correlation between ChoiceOne Financial's Long Term Debt and Capital Stock is 0.69. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of ChoiceOne Financial Services, assuming nothing else is changed. The correlation between historical values of ChoiceOne Financial's Long Term Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ChoiceOne Financial Services are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Long Term Debt i.e., ChoiceOne Financial's Long Term Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that ChoiceOne Financial has held for over one year. Long-term debt appears on ChoiceOne Financial Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ChoiceOne Financial Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from ChoiceOne Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChoiceOne Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ChoiceOne Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At this time, ChoiceOne Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 441.44 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 164.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	4.0M	7.7M	1.8M	1.7M
Depreciation And Amortization	3.9M	3.8M	3.4M	2.0M

Interest Expense Depreciation And Amortization

ChoiceOne Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Current Liabilities Total	Other Current Assets	Good Will	Other Liab	Accounts Payable
Total Assets		0.82	0.58	0.69	0.93	0.97	0.67	0.95	0.77	0.89	0.39	0.74	0.4	0.97	0.8	-0.77	0.87	0.99	0.45	0.73	0.96	0.42	-0.38	0.98	0.75	0.99
Short Long Term Debt Total	0.82		0.68	0.74	0.6	0.69	0.96	0.9	0.49	0.96	0.71	0.77	-0.13	0.74	0.45	-0.84	0.9	0.86	-0.07	0.96	0.67	0.58	-0.25	0.76	0.58	0.85
Other Current Liab	0.58	0.68		0.96	0.56	0.58	0.54	0.59	0.71	0.75	0.89	0.73	-0.3	0.63	0.23	-0.54	0.4	0.55	-0.23	0.79	0.56	0.58	-0.26	0.62	0.27	0.6
Total Current Liabilities	0.69	0.74	0.96		0.65	0.67	0.6	0.7	0.75	0.83	0.88	0.78	-0.23	0.72	0.33	-0.59	0.52	0.66	-0.14	0.83	0.66	0.62	-0.22	0.71	0.39	0.71
Total Stockholder Equity	0.93	0.6	0.56	0.65		0.98	0.39	0.81	0.88	0.73	0.26	0.65	0.55	0.98	0.81	-0.56	0.65	0.88	0.59	0.53	0.99	0.29	-0.44	0.97	0.68	0.9
Property Plant And Equipment Net	0.97	0.69	0.58	0.67	0.98		0.51	0.88	0.85	0.79	0.31	0.7	0.48	0.98	0.8	-0.65	0.75	0.94	0.55	0.61	0.98	0.39	-0.52	0.98	0.67	0.94
Net Debt	0.67	0.96	0.54	0.6	0.39	0.51		0.79	0.24	0.89	0.67	0.62	-0.24	0.55	0.3	-0.79	0.87	0.75	-0.18	0.93	0.48	0.57	-0.15	0.58	0.5	0.71
Retained Earnings	0.95	0.9	0.59	0.7	0.81	0.88	0.79		0.66	0.92	0.48	0.75	0.23	0.88	0.69	-0.88	0.91	0.97	0.3	0.8	0.85	0.54	-0.37	0.9	0.65	0.96
Cash	0.77	0.49	0.71	0.75	0.88	0.85	0.24	0.66		0.61	0.39	0.78	0.3	0.87	0.65	-0.48	0.41	0.7	0.33	0.48	0.88	0.23	-0.41	0.86	0.5	0.75
Non Current Assets Total	0.89	0.96	0.75	0.83	0.73	0.79	0.89	0.92	0.61		0.72	0.76	-0.01	0.83	0.55	-0.8	0.89	0.91	0.06	0.95	0.77	0.61	-0.24	0.85	0.63	0.92
Non Currrent Assets Other	0.39	0.71	0.89	0.88	0.26	0.31	0.67	0.48	0.39	0.72		0.63	-0.62	0.38	-0.03	-0.49	0.4	0.4	-0.54	0.84	0.29	0.64	-0.05	0.39	0.15	0.44
Other Assets	0.74	0.77	0.73	0.78	0.65	0.7	0.62	0.75	0.78	0.76	0.63		-0.14	0.78	0.46	-0.72	0.57	0.72	-0.14	0.73	0.74	0.28	-0.31	0.78	0.51	0.75
Cash And Short Term Investments	0.4	-0.13	-0.3	-0.23	0.55	0.48	-0.24	0.23	0.3	-0.01	-0.62	-0.14		0.41	0.66	0.0	0.2	0.35	0.97	-0.27	0.49	-0.28	-0.25	0.41	0.39	0.34
Common Stock Total Equity	0.97	0.74	0.63	0.72	0.98	0.98	0.55	0.88	0.87	0.83	0.38	0.78	0.41		0.78	-0.69	0.75	0.94	0.45	0.67	0.99	0.36	-0.41	1.0	0.73	0.96
Common Stock Shares Outstanding	0.8	0.45	0.23	0.33	0.81	0.8	0.3	0.69	0.65	0.55	-0.03	0.46	0.66	0.78		-0.52	0.62	0.76	0.67	0.31	0.81	0.09	-0.27	0.79	0.83	0.78
Other Stockholder Equity	-0.77	-0.84	-0.54	-0.59	-0.56	-0.65	-0.79	-0.88	-0.48	-0.8	-0.49	-0.72	0.0	-0.69	-0.52		-0.78	-0.79	-0.07	-0.74	-0.65	-0.49	0.15	-0.71	-0.58	-0.8
Total Liab	0.87	0.9	0.4	0.52	0.65	0.75	0.87	0.91	0.41	0.89	0.4	0.57	0.2	0.75	0.62	-0.78		0.92	0.28	0.79	0.72	0.55	-0.22	0.77	0.71	0.89
Property Plant And Equipment Gross	0.99	0.86	0.55	0.66	0.88	0.94	0.75	0.97	0.7	0.91	0.4	0.72	0.35	0.94	0.76	-0.79	0.92		0.42	0.77	0.92	0.47	-0.39	0.95	0.74	0.99
Total Current Assets	0.45	-0.07	-0.23	-0.14	0.59	0.55	-0.18	0.3	0.33	0.06	-0.54	-0.14	0.97	0.45	0.67	-0.07	0.28	0.42		-0.2	0.53	-0.05	-0.29	0.45	0.4	0.39
Short Term Debt	0.73	0.96	0.79	0.83	0.53	0.61	0.93	0.8	0.48	0.95	0.84	0.73	-0.27	0.67	0.31	-0.74	0.79	0.77	-0.2		0.59	0.63	-0.22	0.68	0.49	0.76
Common Stock	0.96	0.67	0.56	0.66	0.99	0.98	0.48	0.85	0.88	0.77	0.29	0.74	0.49	0.99	0.81	-0.65	0.72	0.92	0.53	0.59		0.3	-0.42	0.99	0.73	0.94
Non Current Liabilities Total	0.42	0.58	0.58	0.62	0.29	0.39	0.57	0.54	0.23	0.61	0.64	0.28	-0.28	0.36	0.09	-0.49	0.55	0.47	-0.05	0.63	0.3		-0.17	0.35	0.16	0.44
Other Current Assets	-0.38	-0.25	-0.26	-0.22	-0.44	-0.52	-0.15	-0.37	-0.41	-0.24	-0.05	-0.31	-0.25	-0.41	-0.27	0.15	-0.22	-0.39	-0.29	-0.22	-0.42	-0.17		-0.39	0.07	-0.29
Good Will	0.98	0.76	0.62	0.71	0.97	0.98	0.58	0.9	0.86	0.85	0.39	0.78	0.41	1.0	0.79	-0.71	0.77	0.95	0.45	0.68	0.99	0.35	-0.39		0.74	0.97
Other Liab	0.75	0.58	0.27	0.39	0.68	0.67	0.5	0.65	0.5	0.63	0.15	0.51	0.39	0.73	0.83	-0.58	0.71	0.74	0.4	0.49	0.73	0.16	0.07	0.74		0.77
Accounts Payable	0.99	0.85	0.6	0.71	0.9	0.94	0.71	0.96	0.75	0.92	0.44	0.75	0.34	0.96	0.78	-0.8	0.89	0.99	0.39	0.76	0.94	0.44	-0.29	0.97	0.77

Click cells to compare fundamentals

ChoiceOne Financial Account Relationship Matchups

ChoiceOne Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.9B	2.4B	2.4B	2.6B	2.7B
Short Long Term Debt Total	33.2M	12.4M	85.0M	135.3M	236.2M	248.0M
Other Current Liab	375.7M	787.3M	1.1B	(50M)	1.8B	1.9B
Total Current Liabilities	385.5M	820.3M	1.1B	50M	2.0B	2.1B
Total Stockholder Equity	190.3M	227.3M	221.7M	168.9M	195.6M	205.4M
Property Plant And Equipment Net	23.9M	29.9M	29.9M	28.2M	29.8M	31.2M
Net Debt	(25.4M)	(67.1M)	53.1M	91.3M	180.8M	189.8M
Retained Earnings	28.1M	37.5M	52.3M	68.4M	73.7M	77.4M
Cash	58.6M	79.5M	31.9M	43.9M	55.4M	58.2M
Non Current Assets Total	430.1M	681.4M	1.2B	1.1B	2.5B	2.7B
Non Currrent Assets Other	(2.4M)	(5.6M)	(1.2B)	(1.1B)	2.4B	2.5B
Other Assets	555.6M	584.1M	25.9M	731.3M	841.0M	883.0M
Cash And Short Term Investments	398.2M	654.3M	1.1B	590.8M	(55.4M)	(52.7M)
Common Stock Total Equity	162.6M	178.8M	171.9M	172.3M	198.1M	208.0M
Common Stock Shares Outstanding	4.5M	7.5M	7.7M	7.5M	7.6M	3.9M
Liabilities And Stockholders Equity	1.4B	1.9B	2.4B	2.4B	2.6B	2.7B
Other Stockholder Equity	(1.8M)	24K	(2.6M)	(71.8M)	(64.6M)	(61.4M)
Total Liab	33.2M	12.4M	2.1B	2.2B	2.4B	2.5B
Property Plant And Equipment Gross	24.3M	29.5M	46.2M	46.4M	50.7M	53.2M
Total Current Assets	398.2M	654.3M	1.1B	590.8M	55.6M	52.8M
Short Term Debt	9.8M	33.0M	3.4M	50M	200.3M	210.3M
Common Stock	162.6M	178.8M	171.9M	172.3M	173.5M	182.2M
Non Current Liabilities Total	33.2M	12.4M	85.0M	50M	438.3M	460.2M
Accumulated Other Comprehensive Income	1.5M	11.0M	(2.6M)	(71.8M)	(51.6M)	(49.0M)
Other Current Assets	60.5M	79.8M	32.1M	43.9M	55.6M	52.8M
Other Liab	3.0M	5.7M	5.5M	7.7M	8.9M	4.8M
Accounts Payable	1.2B	1.7B	2.1B	2.1B	2.4B	2.6B
Long Term Debt	33.2M	12.4M	85.0M	85.3M	205.5M	215.8M
Short Term Investments	339.6M	574.8M	1.1B	546.9M	514.6M	305.2M
Inventory	102K	929K	266K	194K	174.6K	165.9K
Intangible Assets	6.0M	5.3M	4.0M	2.8M	1.9M	2.7M
Property Plant Equipment	24.3M	29.9M	29.9M	28.2M	32.5M	18.5M
Net Tangible Assets	133.3M	161.5M	157.8M	106.1M	122.0M	98.8M
Retained Earnings Total Equity	28.1M	37.5M	52.3M	68.4M	78.7M	82.6M
Long Term Investments	342.4M	585.7M	1.1B	972.8M	930.1M	506.0M
Non Current Liabilities Other	39.4M	14.4M	57.7M	63.8M	73.3M	77.0M
Short Long Term Debt	7.1M	36K	37K	50M	30M	22.2M

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