Fineotex Inventory vs Non Current Liabilities Total Analysis

FCL Stock   352.65  0.65  0.18%   
Fineotex Chemical financial indicator trend analysis is much more than just examining Fineotex Chemical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fineotex Chemical is a good investment. Please check the relationship between Fineotex Chemical Inventory and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fineotex Chemical Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Inventory vs Non Current Liabilities Total

Inventory vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fineotex Chemical Inventory account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Fineotex Chemical's Inventory and Non Current Liabilities Total is 0.49. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Fineotex Chemical Limited, assuming nothing else is changed. The correlation between historical values of Fineotex Chemical's Inventory and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Fineotex Chemical Limited are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Inventory i.e., Fineotex Chemical's Inventory and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Non Current Liabilities Total

Most indicators from Fineotex Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fineotex Chemical 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 Fineotex Chemical Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Fineotex Chemical's Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Gross Profit1.3B1.8B2.2B2.3B
Total Revenue3.7B5.2B5.7B6.0B

Fineotex Chemical fundamental ratios Correlations

0.520.981.0-0.730.670.980.130.850.320.69-0.030.980.980.460.470.990.980.60.930.79-0.220.040.990.960.67
0.520.580.51-0.440.480.46-0.10.670.270.770.380.610.56-0.020.60.540.470.870.480.15-0.05-0.160.510.550.22
0.980.580.98-0.770.70.930.120.860.330.760.021.01.00.430.410.980.980.620.940.75-0.230.090.970.980.59
1.00.510.98-0.710.660.990.130.850.310.66-0.050.970.980.470.470.990.970.580.920.79-0.220.030.990.950.68
-0.73-0.44-0.77-0.71-0.96-0.620.18-0.62-0.39-0.720.06-0.76-0.8-0.48-0.33-0.69-0.76-0.31-0.84-0.460.24-0.21-0.68-0.74-0.55
0.670.480.70.66-0.960.57-0.180.590.440.72-0.040.70.740.520.520.630.70.340.790.4-0.180.20.620.650.63
0.980.460.930.99-0.620.570.180.820.280.57-0.050.930.930.470.480.970.930.570.850.81-0.19-0.040.980.910.7
0.13-0.10.120.130.18-0.180.180.230.26-0.020.180.120.080.240.130.130.040.15-0.020.250.65-0.110.110.090.03
0.850.670.860.85-0.620.590.820.230.370.690.140.870.860.230.490.860.770.780.720.60.02-0.240.840.830.49
0.320.270.330.31-0.390.440.280.260.370.23-0.030.330.340.730.40.20.270.270.330.41-0.110.110.210.170.32
0.690.770.760.66-0.720.720.57-0.020.690.230.330.780.760.110.530.70.690.720.750.21-0.120.150.660.760.33
-0.030.380.02-0.050.06-0.04-0.050.180.14-0.030.330.04-0.02-0.260.110.03-0.140.33-0.04-0.120.26-0.44-0.040.04-0.05
0.980.611.00.97-0.760.70.930.120.870.330.780.040.990.40.440.980.970.660.940.73-0.220.070.970.980.57
0.980.561.00.98-0.80.740.930.080.860.340.76-0.020.990.440.440.970.980.60.960.73-0.250.110.970.980.61
0.46-0.020.430.47-0.480.520.470.240.230.730.11-0.260.40.440.30.360.48-0.060.480.65-0.230.430.390.310.53
0.470.60.410.47-0.330.520.480.130.490.40.530.110.440.440.30.410.380.60.410.160.14-0.080.440.320.62
0.990.540.980.99-0.690.630.970.130.860.20.70.030.980.970.360.410.970.610.910.76-0.190.00.990.980.62
0.980.470.980.97-0.760.70.930.040.770.270.69-0.140.970.980.480.380.970.490.950.77-0.310.20.970.960.64
0.60.870.620.58-0.310.340.570.150.780.270.720.330.660.6-0.060.60.610.490.490.20.01-0.30.590.610.13
0.930.480.940.92-0.840.790.85-0.020.720.330.75-0.040.940.960.480.410.910.950.490.66-0.320.190.910.930.6
0.790.150.750.79-0.460.40.810.250.60.410.21-0.120.730.730.650.160.760.770.20.66-0.220.020.770.70.65
-0.22-0.05-0.23-0.220.24-0.18-0.190.650.02-0.11-0.120.26-0.22-0.25-0.230.14-0.19-0.310.01-0.32-0.22-0.34-0.22-0.220.0
0.04-0.160.090.03-0.210.2-0.04-0.11-0.240.110.15-0.440.070.110.43-0.080.00.2-0.30.190.02-0.340.010.07-0.04
0.990.510.970.99-0.680.620.980.110.840.210.66-0.040.970.970.390.440.990.970.590.910.77-0.220.010.960.66
0.960.550.980.95-0.740.650.910.090.830.170.760.040.980.980.310.320.980.960.610.930.7-0.220.070.960.51
0.670.220.590.68-0.550.630.70.030.490.320.33-0.050.570.610.530.620.620.640.130.60.650.0-0.040.660.51
Click cells to compare fundamentals

Fineotex Chemical Account Relationship Matchups

Fineotex Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.7B3.4B4.2B5.5B5.8B
Other Current Liab16.0M84.6M72.3M103.3M113.8M119.5M
Total Current Liabilities313.2M497.4M680.7M627.2M894.1M938.8M
Total Stockholder Equity1.7B2.1B2.6B3.5B4.5B4.7B
Net Debt(143.4M)(196.8M)(289.3M)(302.9M)(175.5M)(184.3M)
Cash173.8M231.6M308.4M375.7M227.5M153.1M
Non Current Assets Total924.6M1.0B1.1B2.0B2.6B2.8B
Non Currrent Assets Other159.5M53.3M43.3M45.0M264.6M277.8M
Cash And Short Term Investments258.8M279.3M308.4M611.9M732.0M768.6M
Liabilities And Stockholders Equity2.1B2.7B3.4B4.2B5.5B5.8B
Other Current Assets2K262.7M298.6M255.3M237.2M249.0M
Other Stockholder Equity118.0M(1.5B)(1.6B)80.6M81.7M85.8M
Total Liab318.7M509.9M701.0M659.0M945.9M993.2M
Total Current Assets1.2B1.6B2.3B2.2B2.9B3.0B
Short Long Term Debt Total30.4M34.8M19.1M72.8M51.9M30.5M
Property Plant And Equipment Net313.1M540.7M739.6M891.6M1.3B1.4B
Net Receivables684.3M886.7M1.1B1.0B1.4B1.5B
Non Current Liabilities Total5.5M12.5M20.2M31.9M51.8M54.4M
Inventory210.9M287.5M595.9M472.9M501.1M526.1M
Accumulated Other Comprehensive Income(34.5M)2.6M12.7M39.0M(134.2M)(127.5M)
Short Term Investments85.0M47.8M1K236.2M117.0M107.4M
Current Deferred Revenue33.1M80.7M57.2M(6.1M)2.4M2.3M
Retained Earnings1.4B1.8B2.3B3.1B4.3B4.5B
Accounts Payable233.8M368.4M587.7M473.6M728.0M764.4M
Short Term Debt30.4M41.6M19.1M72.8M51.9M33.3M
Net Tangible Assets1.6B2.0B2.6B3.4B3.9B4.1B
Other Assets164.9M225.6M221.8M45.0M3K2.9K
Short Long Term Debt30.4M34.1M18.8M72.8M51.9M35.8M
Property Plant Equipment313.1M540.7M739.6M891.6M1.0B1.1B
Other Liab5.5M12.5M20.2M31.9M36.6M38.5M
Cash And Equivalents5.5M107.5M72.2M290.1M333.7M350.3M
Net Invested Capital1.7B2.1B2.6B3.6B4.5B2.8B
Net Working Capital840.7M1.2B1.6B1.6B2.0B1.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Fineotex Stock

Balance Sheet is a snapshot of the financial position of Fineotex Chemical at a specified time, usually calculated after every quarter, six months, or one year. Fineotex Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fineotex Chemical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Fineotex currently owns. An asset can also be divided into two categories, current and non-current.