Forum Total Assets vs Non Current Assets Total 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 Total Assets and its Non Current Assets Total 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.

Total Assets vs Non Current Assets Total

Total Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Total Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Forum Energy's Total Assets and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total 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 Total Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Forum Energy Technologies are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Assets i.e., Forum Energy's Total Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Forum Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Forum Energy Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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
Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

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.