Forsys Income Before Tax vs Ebitda Analysis

FSY Stock

CAD 0.65 0.03 4.41%

Forsys Metals financial indicator trend analysis is much more than just examining Forsys Metals Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forsys Metals Corp is a good investment. Please check the relationship between Forsys Metals Income Before Tax and its Ebitda accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forsys Metals Corp. 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.

Income Before Tax vs Ebitda

Income Before Tax vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forsys Metals Corp Income Before Tax account and Ebitda. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Forsys Metals' Income Before Tax and Ebitda is 0.97. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of Forsys Metals Corp, assuming nothing else is changed. The correlation between historical values of Forsys Metals' Income Before Tax and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Forsys Metals Corp are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Forsys Metals' Income Before Tax and Ebitda go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Forsys Metals income statement and is an important metric when analyzing Forsys Metals Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Ebitda

Most indicators from Forsys Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forsys Metals Corp 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 Forsys Metals Corp. 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, Forsys Metals' Selling General Administrative is very stable compared to the past year. As of the 13th of December 2024, Sales General And Administrative To Revenue is likely to grow to 69.75, while Tax Provision is likely to drop about 54 K.

	2021	2022	2023	2024 (projected)
Interest Income	4.9K	145.2K	601.3K	631.4K
Net Interest Income	4.9K	145.2K	601.3K	631.4K

Interest Income Net Interest Income

Forsys Metals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock Total Equity
Total Assets		0.31	-0.37	-0.09	0.98	0.97	0.33	-0.02	0.43	0.35	0.02	0.96	0.98	0.02	0.3	-0.24	0.31	0.65	-0.35	-0.16	-0.1	-0.09	0.97	0.04	0.11	0.78
Short Long Term Debt Total	0.31		0.32	0.36	0.26	0.2	0.9	-0.33	-0.71	0.12	0.28	0.21	0.25	0.28	-0.01	0.77	1.0	0.13	-0.98	0.27	0.21	0.36	0.21	0.29	-0.33	0.31
Other Current Liab	-0.37	0.32		0.6	-0.43	-0.51	0.17	-0.64	-0.59	-0.34	0.59	-0.52	-0.43	0.6	-0.08	0.72	0.32	-0.39	-0.24	0.57	0.18	0.6	-0.51	0.6	-0.48	-0.53
Total Current Liabilities	-0.09	0.36	0.6		-0.2	-0.28	0.1	-0.72	-0.36	-0.08	0.62	-0.29	-0.2	0.64	0.11	0.62	0.36	-0.15	-0.22	0.87	0.21	1.0	-0.27	0.67	-0.75	-0.39
Total Stockholder Equity	0.98	0.26	-0.43	-0.2		0.99	0.35	0.04	0.46	0.36	0.0	0.99	0.99	-0.01	0.28	-0.32	0.26	0.68	-0.32	-0.27	-0.12	-0.2	0.99	-0.01	0.26	0.83
Property Plant And Equipment Net	0.97	0.2	-0.51	-0.28	0.99		0.31	0.18	0.5	0.33	-0.14	1.0	0.98	-0.15	0.25	-0.38	0.2	0.63	-0.27	-0.33	-0.21	-0.28	1.0	-0.15	0.3	0.85
Current Deferred Revenue	0.33	0.9	0.17	0.1	0.35	0.31		-0.19	-0.64	0.17	0.25	0.32	0.32	0.24	-0.05	0.58	0.9	0.24	-0.95	-0.01	0.18	0.1	0.31	0.21	0.05	0.5
Net Debt	-0.02	-0.33	-0.64	-0.72	0.04	0.18	-0.19		0.31	-0.16	-0.97	0.19	0.09	-0.98	-0.16	-0.46	-0.33	-0.2	0.26	-0.57	-0.59	-0.72	0.18	-0.99	0.42	0.25
Retained Earnings	0.43	-0.71	-0.59	-0.36	0.46	0.5	-0.64	0.31		0.16	-0.28	0.49	0.47	-0.28	0.23	-0.9	-0.71	0.34	0.69	-0.28	-0.26	-0.36	0.5	-0.28	0.3	0.23
Accounts Payable	0.35	0.12	-0.34	-0.08	0.36	0.33	0.17	-0.16	0.16		0.19	0.33	0.3	0.18	0.26	-0.3	0.12	0.78	-0.15	-0.15	0.55	-0.08	0.33	0.19	0.16	0.42
Cash	0.02	0.28	0.59	0.62	0.0	-0.14	0.25	-0.97	-0.28	0.19		-0.15	-0.06	1.0	0.15	0.38	0.28	0.26	-0.24	0.46	0.6	0.62	-0.13	0.99	-0.25	-0.18
Non Current Assets Total	0.96	0.21	-0.52	-0.29	0.99	1.0	0.32	0.19	0.49	0.33	-0.15		0.98	-0.15	0.25	-0.38	0.21	0.64	-0.28	-0.34	-0.21	-0.29	1.0	-0.15	0.32	0.85
Non Currrent Assets Other	0.98	0.25	-0.43	-0.2	0.99	0.98	0.32	0.09	0.47	0.3	-0.06	0.98		-0.07	0.22	-0.31	0.25	0.66	-0.31	-0.24	-0.14	-0.2	0.98	-0.06	0.22	0.78
Cash And Short Term Investments	0.02	0.28	0.6	0.64	-0.01	-0.15	0.24	-0.98	-0.28	0.18	1.0	-0.15	-0.07		0.15	0.39	0.28	0.25	-0.24	0.47	0.6	0.64	-0.14	1.0	-0.27	-0.19
Net Receivables	0.3	-0.01	-0.08	0.11	0.28	0.25	-0.05	-0.16	0.23	0.26	0.15	0.25	0.22	0.15		-0.12	-0.01	0.2	0.04	0.18	-0.1	0.11	0.25	0.22	-0.14	0.08
Common Stock Shares Outstanding	-0.24	0.77	0.72	0.62	-0.32	-0.38	0.58	-0.46	-0.9	-0.3	0.38	-0.38	-0.31	0.39	-0.12		0.77	-0.38	-0.69	0.58	0.13	0.62	-0.37	0.4	-0.6	-0.29
Short Term Investments	0.31	1.0	0.32	0.36	0.26	0.2	0.9	-0.33	-0.71	0.12	0.28	0.21	0.25	0.28	-0.01	0.77		0.13	-0.98	0.27	0.21	0.36	0.21	0.29	-0.33	0.31
Non Current Liabilities Total	0.65	0.13	-0.39	-0.15	0.68	0.63	0.24	-0.2	0.34	0.78	0.26	0.64	0.66	0.25	0.2	-0.38	0.13		-0.2	-0.28	0.43	-0.15	0.63	0.24	0.31	0.56
Inventory	-0.35	-0.98	-0.24	-0.22	-0.32	-0.27	-0.95	0.26	0.69	-0.15	-0.24	-0.28	-0.31	-0.24	0.04	-0.69	-0.98	-0.2		-0.09	-0.2	-0.22	-0.28	-0.24	0.15	-0.43
Other Current Assets	-0.16	0.27	0.57	0.87	-0.27	-0.33	-0.01	-0.57	-0.28	-0.15	0.46	-0.34	-0.24	0.47	0.18	0.58	0.27	-0.28	-0.09		0.14	0.87	-0.32	0.52	-0.92	-0.54
Other Stockholder Equity	-0.1	0.21	0.18	0.21	-0.12	-0.21	0.18	-0.59	-0.26	0.55	0.6	-0.21	-0.14	0.6	-0.1	0.13	0.21	0.43	-0.2	0.14		0.21	-0.21	0.59	-0.11	-0.09
Total Liab	-0.09	0.36	0.6	1.0	-0.2	-0.28	0.1	-0.72	-0.36	-0.08	0.62	-0.29	-0.2	0.64	0.11	0.62	0.36	-0.15	-0.22	0.87	0.21		-0.27	0.67	-0.75	-0.39
Property Plant And Equipment Gross	0.97	0.21	-0.51	-0.27	0.99	1.0	0.31	0.18	0.5	0.33	-0.13	1.0	0.98	-0.14	0.25	-0.37	0.21	0.63	-0.28	-0.32	-0.21	-0.27		-0.14	0.3	0.85
Total Current Assets	0.04	0.29	0.6	0.67	-0.01	-0.15	0.21	-0.99	-0.28	0.19	0.99	-0.15	-0.06	1.0	0.22	0.4	0.29	0.24	-0.24	0.52	0.59	0.67	-0.14		-0.34	-0.21
Intangible Assets	0.11	-0.33	-0.48	-0.75	0.26	0.3	0.05	0.42	0.3	0.16	-0.25	0.32	0.22	-0.27	-0.14	-0.6	-0.33	0.31	0.15	-0.92	-0.11	-0.75	0.3	-0.34		0.5
Common Stock Total Equity	0.78	0.31	-0.53	-0.39	0.83	0.85	0.5	0.25	0.23	0.42	-0.18	0.85	0.78	-0.19	0.08	-0.29	0.31	0.56	-0.43	-0.54	-0.09	-0.39	0.85	-0.21	0.5

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Forsys Metals Account Relationship Matchups

Forsys Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.8M	14.2M	24.9M	27.3M	24.3M	48.2M
Total Current Liabilities	102.6K	142.8K	78.8K	2.2M	2.0M	2.2M
Total Stockholder Equity	14.7M	14.0M	24.8M	25.2M	22.2M	21.1M
Property Plant And Equipment Net	11.4M	10.7M	9.9M	10.3M	11.4M	10.8M
Net Debt	(712.7K)	(877.0K)	(12.6M)	(16.9M)	(12.4M)	(11.8M)
Retained Earnings	(179.7M)	(180.5M)	(184.3M)	(182.4M)	(182.1M)	(173.0M)
Accounts Payable	102.6K	142.8K	78.8K	102.7K	125.4K	119.2K
Cash	712.7K	877.0K	12.6M	16.9M	12.4M	6.3M
Non Current Assets Total	14.1M	13.3M	12.3M	10.3M	11.4M	10.8M
Cash And Short Term Investments	712.7K	877.0K	12.6M	16.9M	12.4M	7.0M
Net Receivables	10.5K	26.0K	31.6K	63.0K	352.4K	267.7K
Common Stock Shares Outstanding	156.9M	166.3M	185.4M	195.2M	224.4M	235.7M
Liabilities And Stockholders Equity	14.8M	14.2M	24.9M	27.3M	24.3M	48.2M
Other Current Assets	17.4K	20.5K	17.4K	58.3K	152.8K	124.8K
Total Liab	102.6K	142.8K	78.8K	2.2M	2.0M	2.2M
Property Plant And Equipment Gross	15.6M	12.0M	11.4M	10.7M	12.3M	11.7M
Total Current Assets	740.6K	923.5K	12.6M	17.0M	12.9M	9.1M
Accumulated Other Comprehensive Income	(16.2M)	(17.1M)	(18.2M)	(19.8M)	(21.1M)	(20.0M)
Net Tangible Assets	15.6M	14.7M	14.0M	24.8M	22.3M	39.1M
Property Plant Equipment	11.4M	10.7M	9.9M	10.3M	9.3M	8.8M
Cash And Equivalents	712.7K	877.0K	12.6M	16.9M	19.5M	20.4M
Net Invested Capital	14.7M	14.0M	24.8M	25.2M	22.2M	20.8M
Net Working Capital	638.1K	780.7K	12.5M	14.9M	10.9M	6.3M

Pair Trading with Forsys Metals

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 Forsys Metals 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 Forsys Metals will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Forsys Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forsys Metals 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 Forsys Metals - 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 Forsys Metals Corp to buy it.

The correlation of Forsys Metals 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 Forsys Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forsys Metals Corp 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 Forsys Metals 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.

Pair Correlation Correlation Matching

Other Information on Investing in Forsys Stock

Balance Sheet is a snapshot of the financial position of Forsys Metals Corp at a specified time, usually calculated after every quarter, six months, or one year. Forsys Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Forsys 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 Forsys currently owns. An asset can also be divided into two categories, current and non-current.

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Forsys Income Before Tax vs Ebitda Analysis

Income Before Tax vs Ebitda

Income Before Tax vs Ebitda Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebitda

Forsys Metals fundamental ratios Correlations

Forsys Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forsys Metals fundamental ratios Accounts

Pair Trading with Forsys Metals

Other Information on Investing in Forsys Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Investments	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Total Current Assets	- 0.99	Net Debt
Inventory	- 0.98	Short Term Investments
Cash And Short Term Investments	- 0.98	Net Debt
Inventory	- 0.98	Short Long Term Debt Total
Cash	- 0.97	Net Debt
Inventory	- 0.95	Current Deferred Revenue