First Net Debt vs Total Current Liabilities Analysis

FTHY Stock

USD 15.02 0.03 0.20%

First Trust financial indicator trend analysis is much more than just examining First Trust High latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Trust High is a good investment. Please check the relationship between First Trust Net Debt and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust High. 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Trust High Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between First Trust's Net Debt and Total Current Liabilities is 0.75. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of First Trust High, assuming nothing else is changed. The correlation between historical values of First Trust's Net Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of First Trust High are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., First Trust's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Total Current Liabilities

Total Current Liabilities is an item on First Trust balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of First Trust High 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.

Most indicators from First Trust's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Trust High 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 First Trust High. 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, First Trust's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 12.49 in 2024, whereas Selling General Administrative is likely to drop slightly above 737.1 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	60.2M	51.7M	51.2M	43.5M
Net Interest Income	57.3M	44.7M	42.6M	39.3M

Interest Income Net Interest Income

First Trust fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets	Capital Stock	Common Stock
Total Assets		0.98	-0.85	0.85	0.99	0.98	0.98	0.85	0.89	1.0	-1.0	0.95	0.89	0.81	0.73	0.98	0.72	0.98	1.0	1.0	0.82	-0.74	-0.74
Short Long Term Debt Total	0.98		-0.75	0.75	0.94	1.0	0.93	0.75	0.8	0.98	-0.98	0.87	0.8	0.77	0.65	1.0	0.64	1.0	0.98	0.98	0.78	-0.73	-0.73
Other Current Liab	-0.85	-0.75		-1.0	-0.89	-0.75	-0.93	-1.0	-0.99	-0.85	0.86	-0.84	-0.99	-0.6	-0.54	-0.75	-0.51	-0.78	-0.84	-0.85	-0.63	0.56	0.56
Total Current Liabilities	0.85	0.75	-1.0		0.89	0.75	0.93	1.0	0.99	0.85	-0.86	0.85	0.99	0.61	0.55	0.75	0.52	0.78	0.84	0.85	0.63	-0.57	-0.57
Total Stockholder Equity	0.99	0.94	-0.89	0.89		0.94	0.98	0.89	0.92	0.99	-0.98	0.98	0.92	0.81	0.77	0.94	0.77	0.95	0.99	0.99	0.82	-0.74	-0.74
Net Debt	0.98	1.0	-0.75	0.75	0.94		0.93	0.75	0.8	0.98	-0.98	0.87	0.8	0.77	0.65	1.0	0.64	1.0	0.98	0.98	0.78	-0.73	-0.73
Retained Earnings	0.98	0.93	-0.93	0.93	0.98	0.93		0.93	0.96	0.98	-0.98	0.94	0.96	0.79	0.65	0.93	0.65	0.95	0.98	0.98	0.81	-0.66	-0.66
Accounts Payable	0.85	0.75	-1.0	1.0	0.89	0.75	0.93		0.99	0.85	-0.86	0.85	0.99	0.61	0.55	0.75	0.52	0.78	0.84	0.85	0.63	-0.57	-0.57
Cash	0.89	0.8	-0.99	0.99	0.92	0.8	0.96	0.99		0.89	-0.9	0.87	1.0	0.69	0.53	0.8	0.53	0.83	0.88	0.89	0.71	-0.54	-0.54
Non Current Assets Total	1.0	0.98	-0.85	0.85	0.99	0.98	0.98	0.85	0.89		-1.0	0.95	0.89	0.8	0.73	0.98	0.72	0.98	1.0	1.0	0.81	-0.75	-0.75
Non Currrent Assets Other	-1.0	-0.98	0.86	-0.86	-0.98	-0.98	-0.98	-0.86	-0.9	-1.0		-0.93	-0.9	-0.78	-0.69	-0.98	-0.68	-0.99	-1.0	-1.0	-0.8	0.74	0.74
Other Assets	0.95	0.87	-0.84	0.85	0.98	0.87	0.94	0.85	0.87	0.95	-0.93		0.87	0.83	0.86	0.87	0.87	0.89	0.95	0.95	0.84	-0.74	-0.74
Cash And Short Term Investments	0.89	0.8	-0.99	0.99	0.92	0.8	0.96	0.99	1.0	0.89	-0.9	0.87		0.69	0.53	0.8	0.53	0.83	0.88	0.89	0.71	-0.54	-0.54
Net Receivables	0.81	0.77	-0.6	0.61	0.81	0.77	0.79	0.61	0.69	0.8	-0.78	0.83	0.69		0.57	0.77	0.71	0.78	0.81	0.8	1.0	-0.31	-0.31
Common Stock Shares Outstanding	0.73	0.65	-0.54	0.55	0.77	0.65	0.65	0.55	0.53	0.73	-0.69	0.86	0.53	0.57		0.65	0.97	0.66	0.73	0.73	0.58	-0.85	-0.85
Non Current Liabilities Total	0.98	1.0	-0.75	0.75	0.94	1.0	0.93	0.75	0.8	0.98	-0.98	0.87	0.8	0.77	0.65		0.64	1.0	0.98	0.98	0.78	-0.73	-0.73
Other Stockholder Equity	0.72	0.64	-0.51	0.52	0.77	0.64	0.65	0.52	0.53	0.72	-0.68	0.87	0.53	0.71	0.97	0.64		0.64	0.72	0.72	0.71	-0.72	-0.72
Total Liab	0.98	1.0	-0.78	0.78	0.95	1.0	0.95	0.78	0.83	0.98	-0.99	0.89	0.83	0.78	0.66	1.0	0.64		0.99	0.98	0.79	-0.73	-0.73
Net Invested Capital	1.0	0.98	-0.84	0.84	0.99	0.98	0.98	0.84	0.88	1.0	-1.0	0.95	0.88	0.81	0.73	0.98	0.72	0.99		1.0	0.82	-0.75	-0.75
Long Term Investments	1.0	0.98	-0.85	0.85	0.99	0.98	0.98	0.85	0.89	1.0	-1.0	0.95	0.89	0.8	0.73	0.98	0.72	0.98	1.0		0.81	-0.75	-0.75
Total Current Assets	0.82	0.78	-0.63	0.63	0.82	0.78	0.81	0.63	0.71	0.81	-0.8	0.84	0.71	1.0	0.58	0.78	0.71	0.79	0.82	0.81		-0.33	-0.33
Capital Stock	-0.74	-0.73	0.56	-0.57	-0.74	-0.73	-0.66	-0.57	-0.54	-0.75	0.74	-0.74	-0.54	-0.31	-0.85	-0.73	-0.72	-0.73	-0.75	-0.75	-0.33		1.0
Common Stock	-0.74	-0.73	0.56	-0.57	-0.74	-0.73	-0.66	-0.57	-0.54	-0.75	0.74	-0.74	-0.54	-0.31	-0.85	-0.73	-0.72	-0.73	-0.75	-0.75	-0.33	1.0

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First Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

First Trust fundamental ratios Correlations

First Trust Account Relationship Matchups

High Positive Relationship

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Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Long Term Investments	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total

Long Term Investments	- 1.0	Non Currrent Assets Other
Net Invested Capital	- 1.0	Non Currrent Assets Other
Non Currrent Assets Other	- 1.0	Non Current Assets Total
Accounts Payable	- 1.0	Other Current Liab
Total Current Liabilities	- 1.0	Other Current Liab
Non Currrent Assets Other	- 1.0	Total Assets