Forum Other Stockholder Equity vs Total Current Assets Analysis

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 Other Stockholder Equity and its Total Current Assets 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.

Other Stockholder Equity vs Total Current Assets

Other Stockholder Equity vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Other Stockholder Equity account and Total Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Forum Energy's Other Stockholder Equity and Total Current Assets is 0.02. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Assets 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 Other Stockholder Equity and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Forum Energy Technologies are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Stockholder Equity i.e., Forum Energy's Other Stockholder Equity and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Stockholder Equity

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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.
 2021 2022 2023 2024 (projected)
Interest Expense32M31.5M18.3M28.0M
Depreciation And Amortization42.2M37.0M34.7M57.6M

Forum Energy fundamental ratios Correlations

-0.25-0.36-0.230.06-0.210.120.0-0.33-0.520.480.02-0.33-0.130.02-0.01-0.43-0.17-0.360.09-0.120.81-0.280.740.01-0.42
-0.250.760.470.510.970.680.390.60.890.330.240.970.180.240.70.940.840.820.830.59-0.240.820.190.93-0.29
-0.360.760.690.530.610.450.120.920.670.25-0.040.770.09-0.040.630.770.740.970.610.27-0.380.96-0.040.67-0.25
-0.230.470.690.810.30.180.480.780.420.25-0.40.460.27-0.40.80.510.380.680.420.62-0.40.79-0.120.5-0.09
0.060.510.530.810.380.230.620.670.370.67-0.50.480.39-0.50.920.490.420.490.570.63-0.120.70.160.59-0.04
-0.210.970.610.30.380.680.390.410.880.280.360.940.180.360.60.910.790.680.790.58-0.190.670.230.9-0.25
0.120.680.450.180.230.680.120.310.390.390.260.57-0.030.260.420.520.790.560.870.320.270.530.540.78-0.52
0.00.390.120.480.620.390.120.180.340.16-0.20.350.85-0.20.540.390.220.120.440.78-0.10.280.030.440.18
-0.330.60.920.780.670.410.310.180.510.33-0.420.610.14-0.420.720.620.560.870.540.3-0.430.91-0.050.51-0.08
-0.520.890.670.420.370.880.390.340.510.010.220.940.20.220.550.970.710.710.530.54-0.580.69-0.040.730.01
0.480.330.250.250.670.280.390.160.330.01-0.270.24-0.07-0.270.620.150.330.230.570.160.420.380.490.46-0.35
0.020.24-0.04-0.4-0.50.360.26-0.2-0.420.22-0.270.21-0.161.0-0.40.170.250.030.06-0.160.2-0.120.060.25-0.38
-0.330.970.770.460.480.940.570.350.610.940.240.210.180.210.670.980.820.820.710.55-0.330.820.090.88-0.24
-0.130.180.090.270.390.18-0.030.850.140.2-0.07-0.160.18-0.160.190.240.150.020.260.41-0.150.13-0.10.190.4
0.020.24-0.04-0.4-0.50.360.26-0.2-0.420.22-0.271.00.21-0.16-0.40.170.250.030.06-0.160.2-0.120.060.25-0.38
-0.010.70.630.80.920.60.420.540.720.550.62-0.40.670.19-0.40.660.530.650.70.76-0.190.80.240.73-0.15
-0.430.940.770.510.490.910.520.390.620.970.150.170.980.240.170.660.820.810.670.58-0.470.810.050.84-0.11
-0.170.840.740.380.420.790.790.220.560.710.330.250.820.150.250.530.820.790.830.34-0.050.770.260.89-0.39
-0.360.820.970.680.490.680.560.120.870.710.230.030.820.020.030.650.810.790.670.35-0.340.97-0.030.75-0.38
0.090.830.610.420.570.790.870.440.540.530.570.060.710.260.060.70.670.830.670.510.130.720.460.9-0.39
-0.120.590.270.620.630.580.320.780.30.540.16-0.160.550.41-0.160.760.580.340.350.51-0.230.470.090.620.03
0.81-0.24-0.38-0.4-0.12-0.190.27-0.1-0.43-0.580.420.2-0.33-0.150.2-0.19-0.47-0.05-0.340.13-0.23-0.310.490.02-0.57
-0.280.820.960.790.70.670.530.280.910.690.38-0.120.820.13-0.120.80.810.770.970.720.47-0.310.020.79-0.33
0.740.19-0.04-0.120.160.230.540.03-0.05-0.040.490.060.09-0.10.060.240.050.26-0.030.460.090.490.020.36-0.24
0.010.930.670.50.590.90.780.440.510.730.460.250.880.190.250.730.840.890.750.90.620.020.790.36-0.46
-0.42-0.29-0.25-0.09-0.04-0.25-0.520.18-0.080.01-0.35-0.38-0.240.4-0.38-0.15-0.11-0.39-0.38-0.390.03-0.57-0.33-0.24-0.46
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Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding5.5M5.6M5.6M6.0M10.2M5.4M
Total Assets1.2B889.9M791.3M831.3M821.1M1.2B
Short Long Term Debt Total399.6M294.7M233.3M239.9M201.4M303.8M
Other Current Liab86.7M67.6M58.4M76.7M53.3M63.8M
Total Current Liabilities196.9M124.9M175.7M210.5M204.3M158.9M
Total Stockholder Equity486M406.2M329.1M307.1M412.6M655.0M
Property Plant And Equipment Net203.5M145.2M119.4M116.8M134.3M165.1M
Current Deferred Revenue10.8M9.7M17.0M14.7M14.8M13.0M
Net Debt341.7M166.1M186.4M188.9M155.2M247.2M
Retained Earnings(503.4M)(601.7M)(684.3M)(680.6M)(699.5M)(664.5M)
Accounts Payable98.7M46.4M99.4M118.3M125.9M106.9M
Cash57.9M128.6M46.9M51M46.2M77.9M
Non Current Assets Total494.1M399.7M344.6M318.4M291.5M276.9M
Non Currrent Assets Other18.3M14.1M7.8M9.9M6.3M6.0M
Cash And Short Term Investments57.9M128.6M46.9M51M46.2M77.9M
Net Receivables216.1M154.2M80.6M123.9M161.9M138.8M
Good Will272.3M(44K)(5K)19K17.1K16.2K
Common Stock Total Equity1.2M1.2M60K61K70.2K66.6K
Liabilities And Stockholders Equity1.2B889.9M791.3M831.3M821.1M1.2B
Non Current Liabilities Total477.1M358.8M286.5M313.7M204.1M350.7M
Inventory414.6M251.7M241.7M269.8M299.6M380.4M
Other Current Assets39.2M29.3M34.2M37.9M21.9M20.8M
Other Stockholder Equity1.1B1.1B1.1B1.1B1.2B935.1M
Total Liab674M483.7M462.2M524.2M408.4M509.6M
Property Plant And Equipment Gross203.5M145.2M119.4M116.8M291.1M177.8M
Total Current Assets665.9M490.2M446.7M512.9M529.6M505.0M
Accumulated Other Comprehensive Income(108.9M)(100.4M)(101.0M)(127.5M)(115.2M)(109.5M)
Short Term Debt1.2M700K1.3M900K10.4M10.9M
Intangible Assets272.3M240.4M217.4M191.5M168.0M263.4M
Common Stock1.2M60K61K62K109K103.6K
Other Liab28.3M65.4M54.1M13.7M15.7M14.9M
Other Assets18.3M45.6M7.8M10.1M11.6M16.9M
Long Term Debt398.9M293.4M232.4M239.1M129.6M123.1M
Treasury Stock(134.4M)(134.5M)(134.5M)(135.6M)(122.0M)(128.1M)
Property Plant Equipment203.5M145.2M119.4M116.8M134.3M172.4M
Net Tangible Assets213.7M165.8M111.7M115.6M104.0M181.3M
Retained Earnings Total Equity63.7M(503.4M)(601.7M)(684.3M)(615.9M)(585.1M)
Long Term Debt Total398.9M293.4M232.4M239.1M215.2M314.3M

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