First Capital Expenditures vs Free Cash Flow Analysis

FCAP Stock

USD 32.25 0.24 0.74%

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

To learn how to invest in First Stock, please use our How to Invest in First Capital guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Capital Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between First Capital's Capital Expenditures and Free Cash Flow is -0.32. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of First Capital, assuming nothing else is changed. The correlation between historical values of First Capital's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of First Capital are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., First Capital's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by First Capital to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of First Capital operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

To learn how to invest in First Stock, please use our How to Invest in First Capital guide.As of 12/29/2024, Enterprise Value is likely to grow to about 57.4 M, while Selling General Administrative is likely to drop slightly above 8.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	1.6M	9.0M	4.5M
Depreciation And Amortization	1.1M	1.1M	1.0M	1.1M

Interest Expense Depreciation And Amortization

First Capital fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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	Property Plant And Equipment Gross	Short Term Debt	Accounts Payable	Common Stock Total Equity	Total Current Assets	Common Stock	Other Liab	Long Term Debt	Short Term Investments
Total Assets		-0.22	0.2	0.94	0.83	-0.62	0.81	0.6	0.29	-0.58	-0.19	0.85	0.95	0.79	0.27	0.71	0.2	0.79	-0.25	-0.19	0.79	0.74	0.79	0.05	0.36	0.86
Short Long Term Debt Total	-0.22		0.71	-0.28	-0.19	0.61	0.14	0.45	0.64	0.13	-0.51	0.02	-0.06	-0.06	0.65	-0.33	0.53	0.18	0.63	0.73	0.06	0.07	0.06	-0.29	-0.12	0.07
Total Current Liabilities	0.2	0.71		0.13	0.04	0.36	0.64	0.83	0.97	-0.48	-0.88	0.54	0.39	0.17	0.99	0.05	0.6	0.62	0.64	0.4	0.24	0.19	0.25	-0.12	0.29	0.53
Total Stockholder Equity	0.94	-0.28	0.13		0.88	-0.67	0.74	0.56	0.27	-0.51	-0.15	0.74	0.86	0.81	0.24	0.69	-0.04	0.65	-0.32	-0.24	0.8	0.63	0.8	0.1	0.32	0.75
Property Plant And Equipment Net	0.83	-0.19	0.04	0.88		-0.72	0.66	0.52	0.14	-0.24	0.09	0.67	0.75	0.94	0.12	0.55	0.12	0.57	-0.42	-0.27	0.93	0.76	0.93	-0.13	0.0	0.68
Net Debt	-0.62	0.61	0.36	-0.67	-0.72		-0.32	-0.2	0.26	0.05	-0.4	-0.43	-0.42	-0.58	0.3	-0.56	0.13	-0.24	0.8	0.74	-0.55	-0.51	-0.55	0.07	0.04	-0.37
Retained Earnings	0.81	0.14	0.64	0.74	0.66	-0.32		0.87	0.68	-0.74	-0.58	0.96	0.87	0.74	0.69	0.46	0.46	0.95	0.02	-0.03	0.7	0.61	0.71	0.04	0.43	0.96
Cash	0.6	0.45	0.83	0.56	0.52	-0.2	0.87		0.87	-0.49	-0.66	0.82	0.68	0.58	0.85	0.39	0.57	0.81	0.2	0.07	0.63	0.54	0.64	-0.22	0.27	0.8
Non Current Assets Total	0.29	0.64	0.97	0.27	0.14	0.26	0.68	0.87		-0.51	-0.87	0.61	0.44	0.25	0.98	0.17	0.51	0.66	0.57	0.33	0.31	0.23	0.31	-0.04	0.34	0.6
Non Currrent Assets Other	-0.58	0.13	-0.48	-0.51	-0.24	0.05	-0.74	-0.49	-0.51		0.69	-0.68	-0.66	-0.28	-0.56	-0.38	-0.06	-0.72	-0.14	-0.05	-0.19	-0.07	-0.19	-0.34	-0.76	-0.69
Other Assets	-0.19	-0.51	-0.88	-0.15	0.09	-0.4	-0.58	-0.66	-0.87	0.69		-0.46	-0.36	-0.01	-0.92	-0.03	-0.25	-0.58	-0.6	-0.41	-0.04	0.09	-0.05	-0.12	-0.58	-0.46
Cash And Short Term Investments	0.85	0.02	0.54	0.74	0.67	-0.43	0.96	0.82	0.61	-0.68	-0.46		0.86	0.72	0.58	0.6	0.49	0.95	-0.04	-0.21	0.68	0.67	0.68	0.03	0.42	0.99
Net Receivables	0.95	-0.06	0.39	0.86	0.75	-0.42	0.87	0.68	0.44	-0.66	-0.36	0.86		0.75	0.45	0.65	0.36	0.82	-0.03	-0.02	0.76	0.69	0.76	-0.06	0.43	0.87
Common Stock Shares Outstanding	0.79	-0.06	0.17	0.81	0.94	-0.58	0.74	0.58	0.25	-0.28	-0.01	0.72	0.75		0.24	0.37	0.27	0.65	-0.29	-0.18	0.94	0.8	0.95	-0.05	-0.07	0.74
Non Current Liabilities Total	0.27	0.65	0.99	0.24	0.12	0.3	0.69	0.85	0.98	-0.56	-0.92	0.58	0.45	0.24		0.11	0.49	0.66	0.6	0.38	0.29	0.17	0.29	-0.07	0.39	0.58
Other Stockholder Equity	0.71	-0.33	0.05	0.69	0.55	-0.56	0.46	0.39	0.17	-0.38	-0.03	0.6	0.65	0.37	0.11		0.09	0.45	-0.28	-0.31	0.36	0.38	0.36	-0.16	0.53	0.58
Total Liab	0.2	0.53	0.6	-0.04	0.12	0.13	0.46	0.57	0.51	-0.06	-0.25	0.49	0.36	0.27	0.49	0.09		0.5	0.34	0.16	0.35	0.56	0.35	-0.43	-0.15	0.47
Property Plant And Equipment Gross	0.79	0.18	0.62	0.65	0.57	-0.24	0.95	0.81	0.66	-0.72	-0.58	0.95	0.82	0.65	0.66	0.45	0.5		0.07	0.02	0.63	0.63	0.63	0.15	0.43	0.97
Short Term Debt	-0.25	0.63	0.64	-0.32	-0.42	0.8	0.02	0.2	0.57	-0.14	-0.6	-0.04	-0.03	-0.29	0.6	-0.28	0.34	0.07		0.56	-0.21	-0.21	-0.2	-0.12	0.15	-0.04
Accounts Payable	-0.19	0.73	0.4	-0.24	-0.27	0.74	-0.03	0.07	0.33	-0.05	-0.41	-0.21	-0.02	-0.18	0.38	-0.31	0.16	0.02	0.56		-0.1	-0.15	-0.1	-0.07	0.08	-0.09
Common Stock Total Equity	0.79	0.06	0.24	0.8	0.93	-0.55	0.7	0.63	0.31	-0.19	-0.04	0.68	0.76	0.94	0.29	0.36	0.35	0.63	-0.21	-0.1		0.89	1.0	-0.14	-0.16	0.7
Total Current Assets	0.74	0.07	0.19	0.63	0.76	-0.51	0.61	0.54	0.23	-0.07	0.09	0.67	0.69	0.8	0.17	0.38	0.56	0.63	-0.21	-0.15	0.89		0.89	-0.08	-0.28	0.68
Common Stock	0.79	0.06	0.25	0.8	0.93	-0.55	0.71	0.64	0.31	-0.19	-0.05	0.68	0.76	0.95	0.29	0.36	0.35	0.63	-0.2	-0.1	1.0	0.89		-0.14	-0.16	0.7
Other Liab	0.05	-0.29	-0.12	0.1	-0.13	0.07	0.04	-0.22	-0.04	-0.34	-0.12	0.03	-0.06	-0.05	-0.07	-0.16	-0.43	0.15	-0.12	-0.07	-0.14	-0.08	-0.14		0.12	0.08
Long Term Debt	0.36	-0.12	0.29	0.32	0.0	0.04	0.43	0.27	0.34	-0.76	-0.58	0.42	0.43	-0.07	0.39	0.53	-0.15	0.43	0.15	0.08	-0.16	-0.28	-0.16	0.12		0.43
Short Term Investments	0.86	0.07	0.53	0.75	0.68	-0.37	0.96	0.8	0.6	-0.69	-0.46	0.99	0.87	0.74	0.58	0.58	0.47	0.97	-0.04	-0.09	0.7	0.68	0.7	0.08	0.43

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First Capital Account Relationship Matchups

First Capital fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	827.5M	1.0B	1.2B	1.2B	1.2B	628.4M
Total Current Liabilities	210K	153K	97K	123K	795.5M	835.3M
Total Stockholder Equity	98.8M	110.6M	113.8M	85.2M	105.2M	65.6M
Property Plant And Equipment Net	16.4M	16.0M	15.2M	14.7M	14.4M	12.1M
Net Debt	(28.8M)	(41.5M)	(32.2M)	(32.7M)	(5.6M)	(5.3M)
Retained Earnings	65.3M	72.2M	80.1M	88.5M	97.1M	102.0M
Cash	28.8M	41.6M	32.3M	32.7M	69.3M	72.7M
Non Current Assets Total	278.3M	306.6M	471.5M	21.5M	1.6B	1.6B
Non Currrent Assets Other	(278.3M)	(306.6M)	(471.5M)	(467.8M)	(465.4M)	(442.1M)
Other Assets	262.8M	382.5M	202.1M	594.7M	(959.5M)	(911.5M)
Cash And Short Term Investments	283.4M	325.1M	479.6M	530.9M	506.5M	531.9M
Net Receivables	3.1M	3.4M	3.4M	4.3M	4.8M	2.6M
Common Stock Shares Outstanding	3.3M	3.3M	3.3M	3.4M	3.3M	3.2M
Liabilities And Stockholders Equity	827.5M	1.0B	1.2B	1.2B	1.2B	628.4M
Non Current Liabilities Total	41.2M	36.4M	31.5M	123K	235.5M	247.3M
Other Stockholder Equity	31.4M	31.6M	33.0M	32.9M	32.4M	23.8M
Total Liab	210K	153K	97K	1.1B	1.1B	1.1B
Property Plant And Equipment Gross	16.4M	16.0M	28.8M	29.0M	29.3M	30.7M
Accounts Payable	210K	153K	97K	123K	1.2M	637.6K
Total Current Assets	286.5M	328.5M	483.0M	535.2M	553.9M	364.1M
Accumulated Other Comprehensive Income	2.1M	6.8M	1.7M	(35.7M)	(24.3M)	(23.1M)
Other Liab	1.9M	496K	7.2M	996K	896.4K	1.7M
Short Term Investments	254.6M	283.5M	447.3M	460.8M	437.3M	459.1M
Inventory	(61.1M)	(185.7M)	(180.8M)	(74.3M)	33.9M	35.6M
Property Plant Equipment	16.4M	16.0M	15.2M	14.7M	16.9M	12.9M
Treasury Stock	(8.4M)	(8.5M)	(8.7M)	(8.7M)	(7.8M)	(8.2M)
Other Current Assets	61.1M	185.7M	180.8M	74.3M	47.4M	45.0M
Intangible Assets	819K	672K	526K	379K	232K	220.4K
Other Current Liab	(210K)	(153K)	(97K)	1.0B	794.3M	834.0M
Net Tangible Assets	91.5M	103.5M	113.8M	78.3M	90.1M	79.4M
Retained Earnings Total Equity	65.3M	72.2M	80.1M	88.5M	101.7M	59.6M
Capital Surpluse	40.2M	40.7M	41.7M	41.6M	47.9M	38.7M
Long Term Investments	725.2M	283.5M	933.0M	461.6M	444.3M	496.0M

Pair Trading with First Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.7

Nu Holdings

Pair Corr

Moving against First Stock

0.86	EBTC	Enterprise Bancorp	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.71	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.69	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.63	AX	Axos Financial	Pair Corr

The ability to find closely correlated positions to First Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Capital to buy it.

The correlation of First Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Capital's price analysis, check to measure First Capital'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 First Capital is operating at the current time. Most of First Capital's value examination focuses on studying past and present price action to predict the probability of First Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Capital's price. Additionally, you may evaluate how the addition of First Capital to your portfolios can decrease your overall portfolio volatility.

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