| FLY Stock | | | CAD 0.34 0.01 3.03% |
FLYHT Aerospace financial indicator trend analysis is much more than just examining FLYHT Aerospace Solutions latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FLYHT Aerospace Solutions is a good investment. Please check the relationship between FLYHT Aerospace Cash And Short Term Investments and its Other Liab accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FLYHT Aerospace Solutions. 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.
Cash And Short Term Investments vs Other Liab
Cash And Short Term Investments vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
FLYHT Aerospace Solutions Cash And Short Term Investments account and
Other Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between FLYHT Aerospace's Cash And Short Term Investments and Other Liab is -0.34. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Liab in the same time period over historical financial statements of FLYHT Aerospace Solutions, assuming nothing else is changed. The correlation between historical values of FLYHT Aerospace's Cash And Short Term Investments and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of FLYHT Aerospace Solutions are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Cash And Short Term Investments i.e., FLYHT Aerospace's Cash And Short Term Investments and Other Liab go up and down completely randomly.
Correlation Coefficient | -0.34 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of FLYHT Aerospace Solutions balance sheet. This account contains FLYHT Aerospace investments that will expire within one year. These investments include stocks and bonds that can be liquidated by FLYHT Aerospace Solutions fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Other Liab
Most indicators from FLYHT Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FLYHT Aerospace Solutions 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 FLYHT Aerospace Solutions. 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 this time, FLYHT Aerospace's
Tax Provision is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 46.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 5
M in 2024.
FLYHT Aerospace fundamental ratios Correlations
Click cells to compare fundamentals
FLYHT Aerospace Account Relationship Matchups
High Positive Relationship
High Negative Relationship
FLYHT Aerospace fundamental ratios Accounts
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Additional Tools for FLYHT Stock Analysis
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measure FLYHT Aerospace'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 FLYHT Aerospace is operating at the current time. Most of FLYHT Aerospace's value examination focuses on studying past and present price action to
predict the probability of FLYHT Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLYHT Aerospace's price. Additionally, you may evaluate how the addition of FLYHT Aerospace to your portfolios can decrease your overall portfolio volatility.