Freehold Total Current Assets vs Property Plant Equipment Analysis
FRU Stock | CAD 13.06 0.02 0.15% |
Freehold Royalties financial indicator trend analysis is much more than just examining Freehold Royalties latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Freehold Royalties is a good investment. Please check the relationship between Freehold Royalties Total Current Assets and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Freehold Royalties. 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.
Total Current Assets vs Property Plant Equipment
Total Current Assets vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Freehold Royalties Total Current Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Freehold Royalties' Total Current Assets and Property Plant Equipment is 0.47. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Freehold Royalties, assuming nothing else is changed. The correlation between historical values of Freehold Royalties' Total Current Assets and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Freehold Royalties are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Current Assets i.e., Freehold Royalties' Total Current Assets and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.47 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Property Plant Equipment
Most indicators from Freehold Royalties' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Freehold Royalties 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 Freehold Royalties. 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, Freehold Royalties' Tax Provision is very stable compared to the past year. As of the 13th of December 2024, Enterprise Value Over EBITDA is likely to grow to 12.94, while Selling General Administrative is likely to drop about 11.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 118.2M | 281.7M | 305.1M | 320.3M | Total Revenue | 206.2M | 393.0M | 314.6M | 330.3M |
Freehold Royalties fundamental ratios Correlations
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Freehold Royalties Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Freehold Royalties fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 839.9M | 829.9M | 1.1B | 1.2B | 1.1B | 617.8M | |
Short Long Term Debt Total | 110.9M | 94.9M | 147.8M | 158.3M | 124.6M | 87.3M | |
Other Current Liab | 7.8M | 67.5M | 13.1M | 17.9M | 19.9M | 12.7M | |
Total Current Liabilities | 11.7M | 67.9M | 18.4M | 51.4M | 26.1M | 22.9M | |
Total Stockholder Equity | 707.5M | 659.4M | 891.0M | 960.3M | 923.8M | 480.3M | |
Property Plant And Equipment Net | 800.7M | 718.5M | 1.0B | 1.1B | 1.0B | 580.1M | |
Net Debt | 109.7M | 93.9M | 145.6M | 157.8M | 124.6M | 86.8M | |
Retained Earnings | (567.4M) | (616.7M) | (613.2M) | (550.2M) | (581.0M) | (551.9M) | |
Accounts Payable | 3.9M | 179K | 5.2M | 4.0M | 4.7M | 7.7M | |
Cash | 1.2M | 1.0M | 2.2M | 524K | (1.6M) | (1.5M) | |
Non Current Assets Total | 813.8M | 734.8M | 1.0B | 1.1B | 1.1B | 587.0M | |
Cash And Short Term Investments | 1.2M | 1.0M | 2.2M | 524K | (1.6M) | (1.5M) | |
Net Receivables | 24.9M | 16.0M | 46.3M | 57.7M | 43.3M | 24.6M | |
Common Stock Shares Outstanding | 118.7M | 118.7M | 136.9M | 150.8M | 151.2M | 75.9M | |
Liabilities And Stockholders Equity | 839.9M | 829.9M | 1.1B | 1.2B | 1.1B | 617.8M | |
Non Current Liabilities Total | 120.7M | 102.6M | 161.1M | 200.2M | 168.6M | 114.6M | |
Other Stockholder Equity | 3.2M | 3.8M | 4.5M | 10.2M | 9.2M | 8.7M | |
Total Liab | 132.4M | 170.5M | 179.5M | 251.7M | 194.7M | 137.5M | |
Property Plant And Equipment Gross | 800.7M | 718.5M | 2.0B | 2.2B | 2.2B | 2.3B | |
Total Current Assets | 26.1M | 95.1M | 63.2M | 80.1M | 55.4M | 30.7M | |
Accumulated Other Comprehensive Income | (17K) | (40K) | 126K | 10.2M | 4.1M | 4.3M | |
Non Currrent Assets Other | 916.2M | 874.1M | 813.8M | 29.3M | 33.7M | 32.0M | |
Short Term Debt | 90M | 0.0 | 49K | 195K | 236K | 224.2K | |
Common Stock Total Equity | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 1.1B | |
Common Stock | 1.3B | 1.3B | 1.5B | 1.5B | 1.5B | 1.2B | |
Other Liab | 9.8M | 7.9M | 13.5M | 42.2M | 37.9M | 22.5M | |
Net Tangible Assets | 707.5M | 659.4M | 891.0M | 960.3M | 1.1B | 788.3M | |
Long Term Debt | 109M | 93M | 146M | 156.6M | 123.0M | 123.2M | |
Property Plant Equipment | 800.7M | 718.5M | 1.0B | 1.1B | 1.3B | 911.6M | |
Long Term Debt Total | 110.9M | 94.7M | 147.6M | 158.1M | 181.8M | 127.5M | |
Capital Surpluse | 2.1M | 2.6M | 3.2M | 3.8M | 4.5M | 0.0 | |
Net Invested Capital | 816.5M | 752.4M | 1.0B | 1.1B | 1.0B | 1.0B | |
Net Working Capital | 14.4M | 27.2M | 44.8M | 28.7M | 29.3M | 26.1M | |
Capital Stock | 1.3B | 1.3B | 1.5B | 1.5B | 1.5B | 1.5B |
Pair Trading with Freehold Royalties
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 Freehold Royalties 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 Freehold Royalties will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Freehold Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freehold Royalties 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 Freehold Royalties - 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 Freehold Royalties to buy it.
The correlation of Freehold Royalties 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 Freehold Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freehold Royalties 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 Freehold Royalties 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.Other Information on Investing in Freehold Stock
Balance Sheet is a snapshot of the financial position of Freehold Royalties at a specified time, usually calculated after every quarter, six months, or one year. Freehold Royalties Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Freehold Royalties 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 Freehold currently owns. An asset can also be divided into two categories, current and non-current.