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 Current Liabilities and its Cash 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 Current Liabilities vs Cash
Total Current Liabilities vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Forum Energy Technologies Total Current Liabilities account and
Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Forum Energy's Total Current Liabilities and Cash is -0.5. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash 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 Current Liabilities and Cash 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 Current Liabilities of Forum Energy Technologies are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Forum Energy's Total Current Liabilities and Cash go up and down completely randomly.
Correlation Coefficient | -0.5 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Forum Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Forum Energy Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Cash
Cash refers to the most liquid asset of Forum Energy Technologies, which is listed under current asset account on Forum Energy Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Forum Energy customers. The amounts must be unrestricted with restricted cash listed in a different Forum Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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.