| FME Stock | | | 0.95 0.00 0.00% |
Future Metals financial indicator trend analysis is much more than just examining Future Metals NL latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Metals NL is a good investment. Please check the relationship between Future Metals Capital Lease Obligations and its Net Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Metals NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Capital Lease Obligations vs Net Debt
Capital Lease Obligations vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Future Metals NL Capital Lease Obligations account and
Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Future Metals' Capital Lease Obligations and Net Debt is -0.44. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Debt in the same time period over historical financial statements of Future Metals NL, assuming nothing else is changed. The correlation between historical values of Future Metals' Capital Lease Obligations and Net Debt 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 Lease Obligations of Future Metals NL are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Capital Lease Obligations i.e., Future Metals' Capital Lease Obligations and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Capital Lease Obligations
Future Metals NL capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Future Metals asset purchases. For example, Future Metals can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Future Metals control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Future Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Metals NL 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 Future Metals NL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Issuance Of Capital Stock is expected to grow to about 7.1
M, whereas
Selling General Administrative is forecasted to decline to about 185.8
K.
Future Metals fundamental ratios Correlations
Click cells to compare fundamentals
Future Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Future Metals fundamental ratios Accounts
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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 Future Stock
Balance Sheet is a snapshot of the
financial position of Future Metals NL at a specified time, usually calculated after every quarter, six months, or one year. Future Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Future Metals 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 Future currently owns. An asset can also be divided into two categories, current and non-current.