First Net Receivables vs Earning Assets Analysis

FBIZ Stock

USD 50.12 0.39 0.77%

First Business financial indicator trend analysis is much more than just examining First Business Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Business Financial is a good investment. Please check the relationship between First Business Net Receivables and its Earning Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Business Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Business Financial Net Receivables account and Earning Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between First Business' Net Receivables and Earning Assets is -0.27. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Earning Assets in the same time period over historical financial statements of First Business Financial, assuming nothing else is changed. The correlation between historical values of First Business' Net Receivables and Earning 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 Net Receivables of First Business Financial are associated (or correlated) with its Earning Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earning Assets has no effect on the direction of Net Receivables i.e., First Business' Net Receivables and Earning Assets go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Receivables

Earning Assets

Most indicators from First Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Business Financial 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 Business Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, First Business' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value is likely to rise to about 552.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 30.3 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	112.8M	127.9M	89.2M	59.4M
Interest Expense	11.3M	22.9M	34.8M	22.6M

Total Revenue Interest Expense

First Business fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Property Plant And Equipment Net	Accounts Payable	Long Term Debt	Good Will	Short Term Investments
Total Assets		0.99	0.17	0.5	0.4	1.0	0.7	0.62	0.61	0.99	0.7	0.72	0.7	0.26	0.29	0.67	0.75	-0.4	0.78	0.65	0.68	0.92	-0.45	0.73	0.6	0.34
Total Stockholder Equity	0.99		0.27	0.6	0.52	0.98	0.72	0.52	0.63	0.98	0.71	0.65	0.64	0.33	0.37	0.75	0.69	-0.32	0.79	0.73	0.64	0.91	-0.56	0.69	0.67	0.39
Other Assets	0.17	0.27		0.49	0.6	0.16	0.6	-0.51	0.6	0.19	-0.15	-0.42	-0.4	0.39	0.83	0.53	-0.35	0.18	0.2	0.58	0.2	0.15	-0.37	-0.1	0.64	0.37
Common Stock Shares Outstanding	0.5	0.6	0.49		0.95	0.48	0.46	-0.17	0.32	0.44	0.55	0.01	0.02	0.77	0.6	0.79	0.04	0.35	0.34	0.8	0.13	0.34	-0.83	0.09	0.66	0.71
Other Stockholder Equity	0.4	0.52	0.6	0.95		0.39	0.41	-0.26	0.28	0.34	0.47	-0.08	-0.05	0.66	0.63	0.78	-0.03	0.45	0.28	0.8	0.04	0.26	-0.8	0.01	0.78	0.55
Total Liab	1.0	0.98	0.16	0.48	0.39		0.69	0.63	0.61	0.99	0.69	0.73	0.71	0.25	0.29	0.66	0.76	-0.4	0.78	0.64	0.69	0.92	-0.44	0.74	0.59	0.33
Short Long Term Debt Total	0.7	0.72	0.6	0.46	0.41	0.69		0.07	0.98	0.73	0.13	0.15	0.12	0.29	0.73	0.75	0.23	-0.42	0.55	0.75	0.79	0.69	-0.33	0.44	0.64	0.42
Total Current Liabilities	0.62	0.52	-0.51	-0.17	-0.26	0.63	0.07		0.04	0.61	0.52	0.96	0.94	-0.39	-0.44	0.04	0.94	-0.43	0.51	-0.02	0.44	0.59	0.13	0.65	0.02	-0.28
Net Debt	0.61	0.63	0.6	0.32	0.28	0.61	0.98	0.04		0.66	-0.04	0.09	0.06	0.18	0.73	0.65	0.18	-0.47	0.48	0.66	0.76	0.62	-0.2	0.42	0.54	0.34
Retained Earnings	0.99	0.98	0.19	0.44	0.34	0.99	0.73	0.61	0.66		0.65	0.72	0.7	0.2	0.29	0.66	0.75	-0.48	0.81	0.64	0.72	0.94	-0.44	0.75	0.59	0.29
Cash	0.7	0.71	-0.15	0.55	0.47	0.69	0.13	0.52	-0.04	0.65		0.67	0.7	0.38	-0.1	0.4	0.64	0.0	0.58	0.37	0.23	0.62	-0.63	0.41	0.4	0.27
Non Current Assets Total	0.72	0.65	-0.42	0.01	-0.08	0.73	0.15	0.96	0.09	0.72	0.67		0.99	-0.28	-0.34	0.18	0.99	-0.44	0.6	0.12	0.46	0.69	-0.14	0.71	0.16	-0.21
Non Currrent Assets Other	0.7	0.64	-0.4	0.02	-0.05	0.71	0.12	0.94	0.06	0.7	0.7	0.99		-0.3	-0.35	0.19	0.98	-0.4	0.62	0.13	0.42	0.68	-0.17	0.68	0.2	-0.26
Cash And Short Term Investments	0.26	0.33	0.39	0.77	0.66	0.25	0.29	-0.39	0.18	0.2	0.38	-0.28	-0.3		0.47	0.39	-0.28	0.29	0.08	0.43	0.03	0.13	-0.59	-0.08	0.24	0.95
Net Receivables	0.29	0.37	0.83	0.6	0.63	0.29	0.73	-0.44	0.73	0.29	-0.1	-0.34	-0.35	0.47		0.67	-0.26	0.04	0.12	0.72	0.28	0.28	-0.42	-0.12	0.61	0.51
Common Stock Total Equity	0.67	0.75	0.53	0.79	0.78	0.66	0.75	0.04	0.65	0.66	0.4	0.18	0.19	0.39	0.67		0.24	0.03	0.59	0.99	0.45	0.59	-0.59	0.31	0.87	0.4
Non Current Liabilities Total	0.75	0.69	-0.35	0.04	-0.03	0.76	0.23	0.94	0.18	0.75	0.64	0.99	0.98	-0.28	-0.26	0.24		-0.47	0.62	0.18	0.5	0.71	-0.17	0.75	0.22	-0.2
Total Current Assets	-0.4	-0.32	0.18	0.35	0.45	-0.4	-0.42	-0.43	-0.47	-0.48	0.0	-0.44	-0.4	0.29	0.04	0.03	-0.47		-0.19	0.07	-0.6	-0.6	-0.1	-0.57	0.07	0.11
Short Term Debt	0.78	0.79	0.2	0.34	0.28	0.78	0.55	0.51	0.48	0.81	0.58	0.6	0.62	0.08	0.12	0.59	0.62	-0.19		0.57	0.6	0.65	-0.34	0.69	0.52	0.09
Common Stock	0.65	0.73	0.58	0.8	0.8	0.64	0.75	-0.02	0.66	0.64	0.37	0.12	0.13	0.43	0.72	0.99	0.18	0.07	0.57		0.41	0.56	-0.6	0.28	0.87	0.43
Other Liab	0.68	0.64	0.2	0.13	0.04	0.69	0.79	0.44	0.76	0.72	0.23	0.46	0.42	0.03	0.28	0.45	0.5	-0.6	0.6	0.41		0.67	-0.08	0.6	0.34	0.2
Property Plant And Equipment Net	0.92	0.91	0.15	0.34	0.26	0.92	0.69	0.59	0.62	0.94	0.62	0.69	0.68	0.13	0.28	0.59	0.71	-0.6	0.65	0.56	0.67		-0.37	0.63	0.57	0.21
Accounts Payable	-0.45	-0.56	-0.37	-0.83	-0.8	-0.44	-0.33	0.13	-0.2	-0.44	-0.63	-0.14	-0.17	-0.59	-0.42	-0.59	-0.17	-0.1	-0.34	-0.6	-0.08	-0.37		-0.2	-0.56	-0.48
Long Term Debt	0.73	0.69	-0.1	0.09	0.01	0.74	0.44	0.65	0.42	0.75	0.41	0.71	0.68	-0.08	-0.12	0.31	0.75	-0.57	0.69	0.28	0.6	0.63	-0.2		0.27	0.07
Good Will	0.6	0.67	0.64	0.66	0.78	0.59	0.64	0.02	0.54	0.59	0.4	0.16	0.2	0.24	0.61	0.87	0.22	0.07	0.52	0.87	0.34	0.57	-0.56	0.27		0.17
Short Term Investments	0.34	0.39	0.37	0.71	0.55	0.33	0.42	-0.28	0.34	0.29	0.27	-0.21	-0.26	0.95	0.51	0.4	-0.2	0.11	0.09	0.43	0.2	0.21	-0.48	0.07	0.17

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First Business Account Relationship Matchups

First Business fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.6B	2.7B	3.0B	3.5B	3.7B
Total Stockholder Equity	194.2M	206.2M	232.4M	260.6M	289.6M	304.1M
Other Assets	1.6B	2.0B	2.1B	2.4B	25.9M	24.6M
Common Stock Shares Outstanding	8.5M	8.4M	8.3M	8.3M	8.1M	7.3M
Liabilities And Stockholders Equity	2.1B	2.6B	2.7B	3.0B	3.5B	3.7B
Other Stockholder Equity	66.3M	66.6M	63.8M	60.4M	60.5M	48.5M
Total Liab	1.9B	2.4B	2.4B	2.7B	3.2B	3.4B
Short Long Term Debt Total	337.0M	435.6M	418.9M	467.0M	339.9M	173.8M
Total Current Liabilities	35.3M	70.5M	15.3M	19.4M	2.6B	2.7B
Net Debt	269.9M	378.7M	361.8M	364.3M	200.4M	112.4M
Retained Earnings	129.1M	140.4M	170.0M	203.5M	230.7M	242.3M
Cash	67.1M	56.9M	57.1M	102.7M	139.5M	146.5M
Non Current Assets Total	227.5M	230.1M	244.3M	278.1M	3.3B	3.5B
Non Currrent Assets Other	(227.5M)	(230.1M)	(244.3M)	29.3M	3.3B	3.5B
Cash And Short Term Investments	240.2M	240.8M	262.8M	314.7M	139.5M	170.9M
Net Receivables	76.4M	111.2M	55.1M	75.3M	13.3M	12.6M
Non Current Liabilities Total	337.0M	435.6M	418.9M	19.4M	3.2B	3.4B
Total Current Assets	316.6M	352.0M	317.9M	336.3M	139.5M	132.5M
Accumulated Other Comprehensive Income	(1.3M)	(933K)	(1.5M)	(15.3M)	(13.7M)	(13.0M)
Short Term Debt	37M	136.5M	11.5M	122.0M	140.3M	147.4M
Other Liab	11.5M	14.0M	14.3M	15.3M	17.6M	12.1M
Property Plant And Equipment Net	9.8M	7.8M	6.6M	12.0M	12.7M	13.4M
Accounts Payable	35.3M	15.6M	15.3M	19.4M	17.4M	16.6M
Long Term Debt	10.0M	65.0M	413.5M	61.4M	330.9M	347.5M
Short Term Investments	173.1M	183.9M	205.7M	212.0M	107.2M	122.2M
Inventory	2.9M	34K	164K	95K	4.3M	4.5M
Other Current Assets	1.6B	2.1B	2.1B	2.2B	(17.5M)	(16.7M)
Property Plant And Equipment Gross	9.5M	7.8M	6.6M	12.0M	21.5M	22.6M
Treasury Stock	(14.9M)	(16.6M)	(22.0M)	(27.2M)	(24.4M)	(23.2M)
Intangible Assets	1.2M	1.3M	1.6M	1.5M	1.3M	1.3M
Property Plant Equipment	2.6M	2.0M	6.6M	4.3M	5.0M	2.6M
Other Current Liab	(35.3M)	(15.6M)	(15.3M)	(19.4M)	2.6B	2.7B
Net Tangible Assets	182.2M	194.1M	220.2M	236.5M	272.0M	169.1M
Retained Earnings Total Equity	129.1M	140.4M	170.0M	203.5M	234.0M	245.7M
Long Term Debt Total	10.0M	65.0M	38.4M	61.4M	70.6M	74.2M
Capital Surpluse	81.2M	83.1M	85.8M	87.5M	100.6M	78.9M
Long Term Investments	1.9B	2.4B	225.4M	2.7B	356.2M	338.4M

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First Net Receivables vs Earning Assets Analysis

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Earning Assets

First Business fundamental ratios Correlations

First Business Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Business fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Liab
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Non Current Assets Total

Accounts Payable	- 0.83	Common Stock Shares Outstanding
Accounts Payable	- 0.8	Other Stockholder Equity
Accounts Payable	- 0.63	Cash
Accounts Payable	- 0.6	Common Stock
Property Plant And Equipment Net	- 0.6	Total Current Assets
Other Liab	- 0.6	Total Current Assets