ChoiceOne Net Invested Capital vs Net Debt Analysis

COFS Stock

USD 37.52 0.16 0.43%

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 Net Invested Capital and its Net Debt 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.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChoiceOne Financial Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ChoiceOne Financial's Net Invested Capital and Net Debt is 0.9. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt 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 Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of ChoiceOne Financial Services are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., ChoiceOne Financial's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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. Sales General And Administrative To Revenue is likely to gain to 0.70 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	33.1M	34.7M
Depreciation And Amortization	3.9M	3.8M	12.4M	13.1M

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	-0.16	0.68	0.93	0.97	0.67	0.95	0.78	0.89	0.25	0.74	0.88	0.97	0.8	-0.77	0.87	0.99	0.45	0.47	0.96	0.62	-0.38	0.98	0.75	0.99
Short Long Term Debt Total	0.82		-0.47	0.72	0.6	0.69	0.96	0.9	0.49	0.96	0.59	0.77	0.53	0.74	0.45	-0.84	0.89	0.86	-0.07	0.38	0.67	0.89	-0.25	0.76	0.58	0.85
Other Current Liab	-0.16	-0.47		0.11	0.15	0.05	-0.66	-0.3	0.42	-0.35	-0.05	-0.02	-0.05	0.03	0.0	0.31	-0.58	-0.26	0.18	-0.23	0.07	-0.34	-0.22	-0.01	-0.26	-0.2
Total Current Liabilities	0.68	0.72	0.11		0.66	0.67	0.56	0.69	0.77	0.81	0.83	0.78	0.41	0.72	0.34	-0.58	0.5	0.65	-0.12	-0.08	0.66	0.85	-0.23	0.72	0.38	0.71
Total Stockholder Equity	0.93	0.6	0.15	0.66		0.98	0.39	0.81	0.88	0.73	0.16	0.65	0.9	0.98	0.81	-0.56	0.65	0.88	0.59	0.4	0.99	0.45	-0.44	0.97	0.68	0.9
Property Plant And Equipment Net	0.97	0.69	0.05	0.67	0.98		0.51	0.88	0.85	0.79	0.2	0.7	0.89	0.98	0.8	-0.65	0.75	0.94	0.55	0.45	0.98	0.53	-0.52	0.98	0.67	0.94
Net Debt	0.67	0.96	-0.66	0.56	0.39	0.51		0.79	0.24	0.89	0.55	0.62	0.39	0.55	0.3	-0.79	0.87	0.75	-0.18	0.36	0.48	0.86	-0.15	0.58	0.5	0.71
Retained Earnings	0.95	0.9	-0.3	0.69	0.81	0.88	0.79		0.66	0.92	0.35	0.75	0.76	0.88	0.69	-0.88	0.91	0.97	0.3	0.43	0.85	0.73	-0.37	0.9	0.65	0.96
Cash	0.78	0.49	0.42	0.77	0.88	0.85	0.24	0.66		0.61	0.34	0.78	0.64	0.87	0.65	-0.48	0.41	0.7	0.33	0.2	0.88	0.43	-0.41	0.86	0.5	0.75
Non Current Assets Total	0.89	0.96	-0.35	0.81	0.73	0.79	0.89	0.92	0.61		0.6	0.76	0.66	0.83	0.55	-0.8	0.88	0.91	0.07	0.29	0.77	0.9	-0.25	0.85	0.64	0.92
Non Currrent Assets Other	0.25	0.59	-0.05	0.83	0.16	0.2	0.55	0.35	0.34	0.6		0.56	-0.09	0.27	-0.14	-0.38	0.24	0.26	-0.61	-0.34	0.18	0.85	-0.02	0.27	0.03	0.31
Other Assets	0.74	0.77	-0.02	0.78	0.65	0.7	0.62	0.75	0.78	0.76	0.56		0.37	0.78	0.46	-0.72	0.57	0.72	-0.14	0.21	0.74	0.65	-0.31	0.78	0.51	0.75
Cash And Short Term Investments	0.88	0.53	-0.05	0.41	0.9	0.89	0.39	0.76	0.64	0.66	-0.09	0.37		0.85	0.84	-0.5	0.71	0.86	0.77	0.53	0.87	0.31	-0.36	0.86	0.69	0.85
Common Stock Total Equity	0.97	0.74	0.03	0.72	0.98	0.98	0.55	0.88	0.87	0.83	0.27	0.78	0.85		0.78	-0.69	0.75	0.94	0.45	0.43	0.99	0.57	-0.41	1.0	0.73	0.96
Common Stock Shares Outstanding	0.8	0.45	0.0	0.34	0.81	0.8	0.3	0.69	0.65	0.55	-0.14	0.46	0.84	0.78		-0.52	0.62	0.76	0.67	0.47	0.81	0.2	-0.27	0.79	0.83	0.78
Other Stockholder Equity	-0.77	-0.84	0.31	-0.58	-0.56	-0.65	-0.79	-0.88	-0.48	-0.8	-0.38	-0.72	-0.5	-0.69	-0.52		-0.78	-0.79	-0.07	-0.34	-0.65	-0.68	0.15	-0.71	-0.58	-0.8
Total Liab	0.87	0.89	-0.58	0.5	0.65	0.75	0.87	0.91	0.41	0.88	0.24	0.57	0.71	0.75	0.62	-0.78		0.92	0.29	0.53	0.72	0.7	-0.22	0.77	0.71	0.89
Property Plant And Equipment Gross	0.99	0.86	-0.26	0.65	0.88	0.94	0.75	0.97	0.7	0.91	0.26	0.72	0.86	0.94	0.76	-0.79	0.92		0.42	0.52	0.92	0.67	-0.39	0.95	0.74	0.99
Total Current Assets	0.45	-0.07	0.18	-0.12	0.59	0.55	-0.18	0.3	0.33	0.07	-0.61	-0.14	0.77	0.45	0.67	-0.07	0.29	0.42		0.45	0.53	-0.27	-0.29	0.45	0.4	0.39
Short Term Debt	0.47	0.38	-0.23	-0.08	0.4	0.45	0.36	0.43	0.2	0.29	-0.34	0.21	0.53	0.43	0.47	-0.34	0.53	0.52	0.45		0.45	0.01	-0.43	0.43	0.51	0.43
Common Stock	0.96	0.67	0.07	0.66	0.99	0.98	0.48	0.85	0.88	0.77	0.18	0.74	0.87	0.99	0.81	-0.65	0.72	0.92	0.53	0.45		0.48	-0.42	0.99	0.73	0.94
Non Current Liabilities Total	0.62	0.89	-0.34	0.85	0.45	0.53	0.86	0.73	0.43	0.9	0.85	0.65	0.31	0.57	0.2	-0.68	0.7	0.67	-0.27	0.01	0.48		-0.15	0.58	0.36	0.67
Other Current Assets	-0.38	-0.25	-0.22	-0.23	-0.44	-0.52	-0.15	-0.37	-0.41	-0.25	-0.02	-0.31	-0.36	-0.41	-0.27	0.15	-0.22	-0.39	-0.29	-0.43	-0.42	-0.15		-0.39	0.07	-0.29
Good Will	0.98	0.76	-0.01	0.72	0.97	0.98	0.58	0.9	0.86	0.85	0.27	0.78	0.86	1.0	0.79	-0.71	0.77	0.95	0.45	0.43	0.99	0.58	-0.39		0.74	0.97
Other Liab	0.75	0.58	-0.26	0.38	0.68	0.67	0.5	0.65	0.5	0.64	0.03	0.51	0.69	0.73	0.83	-0.58	0.71	0.74	0.4	0.51	0.73	0.36	0.07	0.74		0.77
Accounts Payable	0.99	0.85	-0.2	0.71	0.9	0.94	0.71	0.96	0.75	0.92	0.31	0.75	0.85	0.96	0.78	-0.8	0.89	0.99	0.39	0.43	0.94	0.67	-0.29	0.97	0.77

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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	235.5M	247.3M
Other Current Liab	375.7M	787.3M	1.1B	(50M)	(30M)	(28.5M)
Total Current Liabilities	385.5M	820.3M	1.1B	50M	1.8B	1.9B
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	180.1M	189.1M
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	2.6B
Non Currrent Assets Other	(2.4M)	(5.6M)	(1.2B)	(1.1B)	1.5B	1.6B
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	569.7M	598.2M
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	55.4M	52.7M
Short Term Debt	9.8M	33.0M	3.4M	50M	30M	19.0M
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	2.4B	2.5B
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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