Forafric Short Term Debt vs Intangible Assets Analysis

AFRI Stock

USD 10.17 0.07 0.69%

Forafric Global financial indicator trend analysis is much more than just examining Forafric Global PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forafric Global PLC is a good investment. Please check the relationship between Forafric Global Short Term Debt and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Short Term Debt vs Intangible Assets

Short Term Debt vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forafric Global PLC Short Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Forafric Global's Short Term Debt and Intangible Assets is 0.96. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Forafric Global PLC, assuming nothing else is changed. The correlation between historical values of Forafric Global's Short Term Debt and Intangible 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 Short Term Debt of Forafric Global PLC are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Term Debt i.e., Forafric Global's Short Term Debt and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Short Term Debt

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Forafric Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forafric Global PLC 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

As of now, Forafric Global's Enterprise Value Over EBITDA is decreasing as compared to previous years. The Forafric Global's current Enterprise Value Multiple is estimated to increase to 64.45, while Tax Provision is forecasted to increase to (100.7 K).

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.2M	6.6M	6.1M	6.1M
Interest Income	543K	34K	37K	35.2K

Depreciation And Amortization Interest Income

Forafric Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		-0.52	-0.63	0.98	0.87	-0.96	0.88	0.91	-0.72	-0.88	0.88	0.93	0.94	0.85	-0.37	0.93	0.96	0.81	-0.2	-0.92	0.92	0.05	0.98	-0.3	0.98	0.99
Short Long Term Debt Total	-0.52		0.88	-0.48	-0.86	0.37	-0.85	-0.43	0.89	0.27	-0.32	-0.48	-0.46	-0.27	-0.02	-0.48	-0.5	-0.58	0.89	0.8	-0.71	0.66	-0.41	0.96	-0.52	-0.54
Other Current Liab	-0.63	0.88		-0.54	-0.87	0.5	-0.86	-0.62	0.84	0.31	-0.37	-0.44	-0.64	-0.28	-0.27	-0.44	-0.58	-0.81	0.86	0.79	-0.88	0.73	-0.53	0.82	-0.6	-0.61
Total Current Liabilities	0.98	-0.48	-0.54		0.84	-0.95	0.85	0.89	-0.68	-0.9	0.93	0.98	0.91	0.88	-0.48	0.98	0.95	0.72	-0.11	-0.91	0.85	0.16	0.98	-0.25	0.97	0.99
Total Stockholder Equity	0.87	-0.86	-0.87	0.84		-0.76	1.0	0.76	-0.92	-0.65	0.66	0.81	0.79	0.63	-0.19	0.81	0.86	0.8	-0.63	-0.99	0.94	-0.35	0.8	-0.72	0.87	0.88
Other Liab	-0.96	0.37	0.5	-0.95	-0.76		-0.78	-0.96	0.66	0.96	-0.92	-0.89	-0.97	-0.94	0.48	-0.89	-0.87	-0.82	0.04	0.83	-0.83	-0.15	-0.93	0.12	-0.91	-0.94
Net Tangible Assets	0.88	-0.85	-0.86	0.85	1.0	-0.78		0.78	-0.94	-0.7	0.69	0.82	0.81	0.68	-0.24	0.82	0.85	0.82	-0.61	-0.99	0.94	-0.33	0.8	-0.7	0.87	0.89
Property Plant And Equipment Net	0.91	-0.43	-0.62	0.89	0.76	-0.96	0.78		-0.66	-0.85	0.9	0.78	1.0	0.84	-0.26	0.78	0.76	0.89	-0.19	-0.8	0.88	-0.06	0.87	-0.19	0.82	0.87
Net Debt	-0.72	0.89	0.84	-0.68	-0.92	0.66	-0.94	-0.66		0.62	-0.5	-0.66	-0.69	-0.61	0.26	-0.66	-0.67	-0.81	0.7	0.9	-0.82	0.46	-0.59	0.78	-0.7	-0.72
Retained Earnings	-0.88	0.27	0.31	-0.9	-0.65	0.96	-0.7	-0.85	0.62		-0.88	-0.89	-0.86	-1.0	0.71	-0.89	-0.8	-0.7	-0.1	0.76	-0.67	-0.32	-0.84	0.03	-0.84	-0.87
Accounts Payable	0.88	-0.32	-0.37	0.93	0.66	-0.92	0.69	0.9	-0.5	-0.88		0.89	0.9	0.88	-0.49	0.89	0.77	0.63	0.05	-0.76	0.71	0.25	0.91	-0.04	0.83	0.89
Cash	0.93	-0.48	-0.44	0.98	0.81	-0.89	0.82	0.78	-0.66	-0.89	0.89		0.81	0.88	-0.62	1.0	0.93	0.59	-0.06	-0.89	0.75	0.26	0.94	-0.26	0.95	0.97
Non Current Assets Total	0.94	-0.46	-0.64	0.91	0.79	-0.97	0.81	1.0	-0.69	-0.86	0.9	0.81		0.85	-0.27	0.81	0.8	0.9	-0.21	-0.84	0.9	-0.06	0.89	-0.22	0.85	0.9
Non Currrent Assets Other	0.85	-0.27	-0.28	0.88	0.63	-0.94	0.68	0.84	-0.61	-1.0	0.88	0.88	0.85		-0.74	0.88	0.76	0.67	0.11	-0.74	0.63	0.33	0.81	-0.02	0.8	0.84
Other Assets	-0.37	-0.02	-0.27	-0.48	-0.19	0.48	-0.24	-0.26	0.26	0.71	-0.49	-0.62	-0.27	-0.74		-0.62	-0.39	-0.05	-0.41	0.33	-0.03	-0.66	-0.37	-0.17	-0.41	-0.43
Cash And Short Term Investments	0.93	-0.48	-0.44	0.98	0.81	-0.89	0.82	0.78	-0.66	-0.89	0.89	1.0	0.81	0.88	-0.62		0.93	0.59	-0.06	-0.89	0.75	0.26	0.94	-0.26	0.95	0.97
Net Receivables	0.96	-0.5	-0.58	0.95	0.86	-0.87	0.85	0.76	-0.67	-0.8	0.77	0.93	0.8	0.76	-0.39	0.93		0.68	-0.18	-0.9	0.86	0.12	0.96	-0.32	0.99	0.97
Good Will	0.81	-0.58	-0.81	0.72	0.8	-0.82	0.82	0.89	-0.81	-0.7	0.63	0.59	0.9	0.67	-0.05	0.59	0.68		-0.48	-0.79	0.91	-0.39	0.69	-0.43	0.72	0.75
Common Stock Shares Outstanding	-0.2	0.89	0.86	-0.11	-0.63	0.04	-0.61	-0.19	0.7	-0.1	0.05	-0.06	-0.21	0.11	-0.41	-0.06	-0.18	-0.48		0.5	-0.54	0.92	-0.07	0.95	-0.19	-0.19
Non Current Liabilities Total	-0.92	0.8	0.79	-0.91	-0.99	0.83	-0.99	-0.8	0.9	0.76	-0.76	-0.89	-0.84	-0.74	0.33	-0.89	-0.9	-0.79	0.5		-0.92	0.21	-0.86	0.63	-0.92	-0.94
Inventory	0.92	-0.71	-0.88	0.85	0.94	-0.83	0.94	0.88	-0.82	-0.67	0.71	0.75	0.9	0.63	-0.03	0.75	0.86	0.91	-0.54	-0.92		-0.35	0.85	-0.55	0.88	0.89
Other Current Assets	0.05	0.66	0.73	0.16	-0.35	-0.15	-0.33	-0.06	0.46	-0.32	0.25	0.26	-0.06	0.33	-0.66	0.26	0.12	-0.39	0.92	0.21	-0.35		0.18	0.76	0.11	0.09
Other Stockholder Equity	0.98	-0.41	-0.53	0.98	0.8	-0.93	0.8	0.87	-0.59	-0.84	0.91	0.94	0.89	0.81	-0.37	0.94	0.96	0.69	-0.07	-0.86	0.85	0.18		-0.19	0.97	0.98
Total Liab	-0.3	0.96	0.82	-0.25	-0.72	0.12	-0.7	-0.19	0.78	0.03	-0.04	-0.26	-0.22	-0.02	-0.17	-0.26	-0.32	-0.43	0.95	0.63	-0.55	0.76	-0.19		-0.32	-0.32
Total Current Assets	0.98	-0.52	-0.6	0.97	0.87	-0.91	0.87	0.82	-0.7	-0.84	0.83	0.95	0.85	0.8	-0.41	0.95	0.99	0.72	-0.19	-0.92	0.88	0.11	0.97	-0.32		0.99
Short Term Debt	0.99	-0.54	-0.61	0.99	0.88	-0.94	0.89	0.87	-0.72	-0.87	0.89	0.97	0.9	0.84	-0.43	0.97	0.97	0.75	-0.19	-0.94	0.89	0.09	0.98	-0.32	0.99

Click cells to compare fundamentals

Forafric Global Account Relationship Matchups

Currently Active Assets on Macroaxis

ESRT	Empire State Realty
C	Citigroup
C	Citigroup
GOOG	Alphabet Inc Class C
DD	Dupont De Nemours

When determining whether Forafric Global PLC is a strong investment it is important to analyze Forafric Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forafric Global's future performance. For an informed investment choice regarding Forafric Stock, refer to the following important reports:

How To Invest In Forafric

Details

Is Forafric Stock a good investment?

Details

What is Forafric Global's Net Worth?

Details

Largest Packaged Foods & Meats Companies

View

Largest Food, Beverage & Tobacco Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Packaged Foods & Meats 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 Forafric Global. If investors know Forafric 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 Forafric Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.47)

Revenue Per Share

11.365

Quarterly Revenue Growth

0.186

Return On Assets

0.0023

Return On Equity

(0.34)

The market value of Forafric Global PLC is measured differently than its book value, which is the value of Forafric that is recorded on the company's balance sheet. Investors also form their own opinion of Forafric Global's value that differs from its market value or its book value, called intrinsic value, which is Forafric Global'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 Forafric Global's market value can be influenced by many factors that don't directly affect Forafric Global'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 Forafric Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forafric Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forafric Global'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Forafric Short Term Debt vs Intangible Assets Analysis

Short Term Debt vs Intangible Assets

Short Term Debt vs Intangible Assets Correlation Analysis

Correlation Coefficient

Short Term Debt

Intangible Assets

Forafric Global fundamental ratios Correlations

Forafric Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Receivables

Non Currrent Assets Other	- 1.0	Retained Earnings
Non Current Liabilities Total	- 0.99	Net Tangible Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Non Current Assets Total	- 0.97	Other Liab
Property Plant And Equipment Net	- 0.96	Other Liab
Other Liab	- 0.96	Total Assets