Fomento Other Liab vs Short Long Term Debt Total Analysis

FMX Stock  USD 89.39  3.58  4.17%   
Fomento Economico financial indicator trend analysis is much more than just examining Fomento Economico latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fomento Economico is a good investment. Please check the relationship between Fomento Economico Other Liab and its Short Long Term Debt Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Other Liab vs Short Long Term Debt Total

Other Liab vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fomento Economico Other Liab account and Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Fomento Economico's Other Liab and Short Long Term Debt Total is 0.82. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Fomento Economico Mexicano, assuming nothing else is changed. The correlation between historical values of Fomento Economico's Other Liab and Short Long Term Debt 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 Other Liab of Fomento Economico Mexicano are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Liab i.e., Fomento Economico's Other Liab and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Liab

Short Long Term Debt Total

Most indicators from Fomento Economico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fomento Economico 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 Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Fomento Economico's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 13.3 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense16.9B16.3B17.2B18.1B
Depreciation And Amortization28.0B30.5B34.0B35.7B

Fomento Economico fundamental ratios Correlations

0.60.420.30.480.640.48-0.120.370.640.520.440.60.340.440.620.360.450.490.330.060.430.440.480.290.31
0.60.950.820.970.930.96-0.140.670.970.960.670.80.750.860.810.770.960.980.59-0.170.950.870.920.540.85
0.420.950.870.930.810.95-0.170.740.890.930.520.790.710.80.630.821.00.970.5-0.321.00.830.860.410.82
0.30.820.870.910.790.94-0.010.410.810.750.630.510.860.830.40.530.840.890.73-0.150.870.920.880.540.65
0.480.970.930.910.940.990.00.560.960.910.750.690.840.90.740.70.920.990.72-0.140.930.940.960.610.82
0.640.930.810.790.940.91-0.050.450.980.890.840.640.830.90.810.560.80.90.760.10.80.90.930.750.77
0.480.960.950.940.990.91-0.030.560.940.890.720.680.850.890.660.680.930.980.72-0.170.950.950.950.590.79
-0.12-0.14-0.17-0.010.0-0.05-0.03-0.16-0.04-0.280.2-0.380.190.020.03-0.24-0.21-0.040.33-0.19-0.170.140.050.01-0.28
0.370.670.740.410.560.450.56-0.160.570.70.080.830.260.330.560.90.770.650.07-0.380.730.390.44-0.050.64
0.640.970.890.810.960.980.94-0.040.570.940.780.710.810.910.830.660.880.950.7-0.090.880.90.950.630.79
0.520.960.930.750.910.890.89-0.280.70.940.590.820.660.810.790.80.930.930.48-0.140.920.780.860.510.86
0.440.670.520.630.750.840.720.20.080.780.590.20.890.890.660.170.510.670.910.060.510.860.860.820.59
0.60.80.790.510.690.640.68-0.380.830.710.820.20.270.450.670.930.810.750.09-0.130.80.460.540.180.7
0.340.750.710.860.840.830.850.190.260.810.660.890.270.930.490.280.690.790.95-0.130.70.970.930.70.63
0.440.860.80.830.90.90.890.020.330.910.810.890.450.930.670.410.780.870.81-0.170.790.940.980.720.74
0.620.810.630.40.740.810.660.030.560.830.790.660.670.490.670.650.660.740.44-0.040.630.610.720.480.74
0.360.770.820.530.70.560.68-0.240.90.660.80.170.930.280.410.650.830.770.1-0.270.820.470.530.080.72
0.450.961.00.840.920.80.93-0.210.770.880.930.510.810.690.780.660.830.960.48-0.330.990.810.850.380.84
0.490.980.970.890.990.90.98-0.040.650.950.930.670.750.790.870.740.770.960.63-0.240.970.90.940.510.83
0.330.590.50.730.720.760.720.330.070.70.480.910.090.950.810.440.10.480.630.080.480.890.810.760.48
0.06-0.17-0.32-0.15-0.140.1-0.17-0.19-0.38-0.09-0.140.06-0.13-0.13-0.17-0.04-0.27-0.33-0.240.08-0.34-0.15-0.190.41-0.12
0.430.951.00.870.930.80.95-0.170.730.880.920.510.80.70.790.630.820.990.970.48-0.340.820.860.380.82
0.440.870.830.920.940.90.950.140.390.90.780.860.460.970.940.610.470.810.90.89-0.150.820.970.680.71
0.480.920.860.880.960.930.950.050.440.950.860.860.540.930.980.720.530.850.940.81-0.190.860.970.680.78
0.290.540.410.540.610.750.590.01-0.050.630.510.820.180.70.720.480.080.380.510.760.410.380.680.680.53
0.310.850.820.650.820.770.79-0.280.640.790.860.590.70.630.740.740.720.840.830.48-0.120.820.710.780.53
Click cells to compare fundamentals

Fomento Economico Account Relationship Matchups

Fomento Economico fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets637.5B684.8B737.5B798.8B805.8B846.1B
Short Long Term Debt Total172.6B247.0B246.9B280.6B232.9B244.5B
Other Current Liab112.0B100.7B122.8B143.4B162.6B170.8B
Total Current Liabilities136.5B118.4B136.7B176.9B186.3B195.6B
Total Stockholder Equity325.8B237.7B262.6B262.6B379.1B398.1B
Property Plant And Equipment Net167.2B167.9B172.1B218.0B227.3B238.6B
Current Deferred Revenue(75.8B)(73.1B)(91.4B)9.7B8.7B9.1B
Net Debt46.4B76.3B87.1B103.9B67.8B39.1B
Retained Earnings229.8B215.6B238.3B251.2B304.7B319.9B
Accounts Payable76.7B75.2B93.4B78.4B81.5B85.6B
Cash65.6B44.0B32.1B39.6B165.1B173.4B
Non Current Assets Total465.0B483.6B506.8B572.2B449.6B246.6B
Non Currrent Assets Other53.7B62.0B69.2B60.2B196.0B205.8B
Cash And Short Term Investments77.9B109.0B121.8B83.5B191.8B201.4B
Net Receivables29.6B23.8B28.6B37.1B38.9B40.8B
Good Will47.9B48.0B57.4B85.7B45.5B24.4B
Liabilities And Stockholders Equity711.3B684.8B737.5B798.8B805.8B846.1B
Non Current Liabilities Total175.3B259.1B266.0B286.1B240.4B252.4B
Inventory41.0B44.0B50.9B62.2B58.2B61.1B
Other Current Assets24.0B2.9B2.7B11.7B67.3B70.7B
Other Stockholder Equity91.9B973.0M3.1B(9.6B)18.0B21.9B
Total Liab311.8B447.1B474.9B536.2B426.7B448.0B
Property Plant And Equipment Gross167.2B167.9B172.1B218.0B338.5B355.4B
Total Current Assets172.6B201.3B230.7B226.4B356.2B374.0B
Accumulated Other Comprehensive Income685M(843M)3.1B(9.6B)(21.7B)(20.7B)
Short Term Debt23.6B15.6B2.0B1.9B23.6B24.8B
Other Liab26.2B27.8B31.1B29.5B33.9B35.6B
Other Assets39.3B27.9B49.6B52.9B60.8B63.9B
Long Term Debt95.7B179.9B185.9B173.4B128.4B134.8B
Intangible Assets98.7B107.5B100.8B105.1B98.5B74.1B
Property Plant Equipment167.2B167.9B172.1B218.0B250.7B263.2B
Short Term Investments12.4B1.3B24.4B51M26.7B28.1B
Net Tangible Assets104.5B81.5B176.7B71.1B81.7B83.4B
Long Term Investments97.5B98.3B107.3B103.7B35.3B33.6B
Short Long Term Debt16.2B8.8B4.6B16.3B8.5B12.1B
Long Term Debt Total149.0B231.4B241.0B254.6B292.8B162.8B
Capital Surpluse18.2B17.8B17.9B17.7B20.4B21.8B

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