Fidelis Other Current Assets vs Capital Lease Obligations Analysis
| FIHL Stock | 19.65 0.08 0.41% |
Fidelis Insurance financial indicator trend analysis is much more than just examining Fidelis Insurance latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fidelis Insurance is a good investment. Please check the relationship between Fidelis Insurance Other Current Assets and its Capital Lease Obligations accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelis Insurance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Other Current Assets vs Capital Lease Obligations
Other Current Assets vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fidelis Insurance Other Current Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fidelis Insurance's Other Current Assets and Capital Lease Obligations is 0.96. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Fidelis Insurance Holdings, assuming nothing else is changed. The correlation between historical values of Fidelis Insurance's Other Current Assets and Capital Lease Obligations 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 Current Assets of Fidelis Insurance Holdings are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Other Current Assets i.e., Fidelis Insurance's Other Current Assets and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Capital Lease Obligations
Fidelis Insurance capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Fidelis Insurance asset purchases. For example, Fidelis Insurance can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Fidelis Insurance control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Fidelis Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fidelis Insurance 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 Fidelis Insurance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, Fidelis Insurance's Tax Provision is quite stable compared to the past year. Enterprise Value is expected to rise to about 972.5 M this year, although the value of Selling General Administrative will most likely fall to about 54.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 4.5M | 3.9M | 300K | 285K | Interest Income | 24M | 44M | 123.5M | 129.7M |
Fidelis Insurance fundamental ratios Correlations
Click cells to compare fundamentals
Fidelis Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelis Insurance Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fidelis Insurance. If investors know Fidelis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fidelis Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.188 | Earnings Share 3.83 | Revenue Per Share 19.694 | Quarterly Revenue Growth 0.276 | Return On Assets 0.0261 |
The market value of Fidelis Insurance is measured differently than its book value, which is the value of Fidelis that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelis Insurance's value that differs from its market value or its book value, called intrinsic value, which is Fidelis Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelis Insurance's market value can be influenced by many factors that don't directly affect Fidelis Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelis Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelis Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelis Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.