FET Stock | | | USD 14.02 0.02 0.14% |
Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Accounts Payable and its Short Term Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Accounts Payable vs Short Term Debt
Accounts Payable vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Forum Energy Technologies Accounts Payable account and
Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Forum Energy's Accounts Payable and Short Term Debt is -0.35. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Accounts Payable and Short Term 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 Accounts Payable of Forum Energy Technologies are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accounts Payable i.e., Forum Energy's Accounts Payable and Short Term Debt go up and down completely randomly.
Correlation Coefficient | -0.35 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Forum Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Forum Energy Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Short Term Debt
Most indicators from Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Forum Energy Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, Forum Energy's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 6.85 in 2024, whereas
Selling General Administrative is likely to drop slightly above 180
M in 2024.
Forum Energy fundamental ratios Correlations
Click cells to compare fundamentals
Forum Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forum Energy fundamental ratios Accounts
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Additional Tools for Forum Stock Analysis
When running Forum Energy's price analysis, check to
measure Forum Energy's 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 Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to
predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.