First Short Long Term Debt vs Net Tangible Assets Analysis

FCF Stock  USD 13.55  0.01  0.07%   
First Commonwealth financial indicator trend analysis is much more than just examining First Commonwealth latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Commonwealth is a good investment. Please check the relationship between First Commonwealth Short Long Term Debt and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Commonwealth Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Short Long Term Debt vs Net Tangible Assets

Short Long Term Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Commonwealth Short Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between First Commonwealth's Short Long Term Debt and Net Tangible Assets is 0.24. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of First Commonwealth Financial, assuming nothing else is changed. The correlation between historical values of First Commonwealth's Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of First Commonwealth Financial are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., First Commonwealth's Short Long Term Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from First Commonwealth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Commonwealth 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 First Commonwealth Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, First Commonwealth's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
 2021 2022 2023 2024 (projected)
Interest Expense15.3M17.7M31.9M30.3M
Depreciation And Amortization3.5M3.2M18.2M19.1M

First Commonwealth fundamental ratios Correlations

0.060.110.270.980.9-0.050.780.480.340.170.030.150.680.30.781.00.67-0.22-0.030.920.90.410.94-0.60.39
0.060.010.350.02-0.220.980.02-0.50.150.520.330.130.320.130.050.07-0.130.570.980.280.3-0.39-0.23-0.640.48
0.110.010.720.110.00.040.41-0.140.750.67-0.59-0.820.140.760.210.120.44-0.32-0.090.150.11-0.070.150.020.17
0.270.350.720.180.070.340.65-0.140.970.89-0.68-0.640.060.970.080.280.61-0.360.250.240.2-0.120.26-0.10.14
0.980.020.110.180.92-0.090.710.460.270.140.10.180.750.230.870.970.58-0.14-0.080.940.920.410.91-0.60.43
0.9-0.220.00.070.92-0.320.710.590.19-0.1-0.010.230.590.160.720.890.6-0.38-0.310.780.780.560.91-0.40.28
-0.050.980.040.34-0.09-0.32-0.07-0.660.130.530.310.050.260.120.0-0.05-0.220.590.960.190.2-0.53-0.34-0.560.43
0.780.020.410.650.710.71-0.070.40.730.45-0.4-0.220.380.710.430.790.93-0.53-0.110.630.630.310.81-0.330.2
0.48-0.5-0.14-0.140.460.59-0.660.40.0-0.35-0.120.270.09-0.030.180.480.45-0.45-0.520.240.250.880.610.0-0.07
0.340.150.750.970.270.190.130.730.00.83-0.75-0.640.091.00.160.350.72-0.50.030.280.240.010.39-0.020.12
0.170.520.670.890.14-0.10.530.45-0.350.83-0.37-0.540.240.820.210.180.350.060.420.310.28-0.320.08-0.290.29
0.030.33-0.59-0.680.1-0.010.31-0.4-0.12-0.75-0.370.730.47-0.770.260.02-0.530.830.370.250.31-0.09-0.19-0.570.38
0.150.13-0.82-0.640.180.230.05-0.220.27-0.64-0.540.730.34-0.670.150.15-0.280.430.140.220.280.260.01-0.350.39
0.680.320.140.060.750.590.260.380.090.090.240.470.340.050.880.670.210.370.190.890.920.180.46-0.80.83
0.30.130.760.970.230.160.120.71-0.031.00.82-0.77-0.670.050.130.310.69-0.510.010.240.19-0.010.360.030.1
0.780.050.210.080.870.720.00.430.180.160.210.260.150.880.130.760.280.15-0.060.910.890.240.66-0.590.59
1.00.070.120.280.970.89-0.050.790.480.350.180.020.150.670.310.760.68-0.23-0.020.910.890.410.94-0.60.39
0.67-0.130.440.610.580.6-0.220.930.450.720.35-0.53-0.280.210.690.280.68-0.66-0.240.450.440.280.77-0.140.12
-0.220.57-0.32-0.36-0.14-0.380.59-0.53-0.45-0.50.060.830.430.37-0.510.15-0.23-0.660.60.120.16-0.41-0.47-0.520.39
-0.030.98-0.090.25-0.08-0.310.96-0.11-0.520.030.420.370.140.190.01-0.06-0.02-0.240.60.180.18-0.45-0.3-0.590.33
0.920.280.150.240.940.780.190.630.240.280.310.250.220.890.240.910.910.450.120.180.990.240.75-0.790.63
0.90.30.110.20.920.780.20.630.250.240.280.310.280.920.190.890.890.440.160.180.990.260.72-0.820.66
0.41-0.39-0.07-0.120.410.56-0.530.310.880.01-0.32-0.090.260.18-0.010.240.410.28-0.41-0.450.240.260.490.020.07
0.94-0.230.150.260.910.91-0.340.810.610.390.08-0.190.010.460.360.660.940.77-0.47-0.30.750.720.49-0.320.15
-0.6-0.640.02-0.1-0.6-0.4-0.56-0.330.0-0.02-0.29-0.57-0.35-0.80.03-0.59-0.6-0.14-0.52-0.59-0.79-0.820.02-0.32-0.64
0.390.480.170.140.430.280.430.2-0.070.120.290.380.390.830.10.590.390.120.390.330.630.660.070.15-0.64
Click cells to compare fundamentals

First Commonwealth Account Relationship Matchups

First Commonwealth fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B9.1B9.5B9.8B11.5B6.4B
Short Long Term Debt Total436.0M350.6M320.6M553.9M833.9M886.7M
Other Current Liab(201.9M)(117.4M)(138.3M)(87.7M)4.1B4.3B
Total Current Liabilities201.9M117.4M138.3M285M4.7B4.9B
Total Stockholder Equity1.1B1.1B1.1B1.1B1.3B675.3M
Property Plant And Equipment Net137.3M125.5M120.8M115.1M121.0M71.5M
Net Debt314.2M(6.0M)(74.8M)399.7M686.9M765.2M
Retained Earnings577.3M596.6M691.3M774.9M881.1M925.2M
Cash121.9M356.6M395.4M154.2M147.0M121.5M
Non Current Assets Total1.7B1.6B2.0B1.7B11.3B11.9B
Non Currrent Assets Other(31.3M)(40.0M)(39.4M)(77.8M)10.6B11.1B
Other Assets5.6B6.2B6.1B7.2B1.00.95
Cash And Short Term Investments1.0B1.2B1.4B916.9M(125.4M)(119.2M)
Common Stock Shares Outstanding98.6M97.8M95.8M93.9M101.8M84.5M
Liabilities And Stockholders Equity8.3B9.1B9.5B9.8B11.5B6.4B
Non Current Liabilities Total234.2M233.3M182.3M285M5.5B5.8B
Other Stockholder Equity358.8M340.9M313.0M301.0M421.3M221.2M
Total Liab7.3B8.0B8.4B8.8B10.2B5.7B
Property Plant And Equipment Gross137.3M125.5M291.1M294.9M312.3M327.9M
Total Current Assets1.0B1.2B1.4B916.9M147.4M140.0M
Short Term Debt201.9M117.4M138.3M372.7M604.4M538.6M
Accumulated Other Comprehensive Income5.6M17.2M(8.8M)(137.7M)(111.8M)(106.2M)
Other Liab65.1M210.2M132.6M59.8M68.7M65.2M
Accounts Payable6.7B7.4B8.0B8.0B9.2B5.3B
Long Term Debt234.2M233.3M182.3M181.2M181.9M270.8M
Short Term Investments919.1M843.5M1.1B789.1M1.0B956.8M
Inventory2.2M1.8M1.0M534K614.1K583.4K
Treasury Stock(130.9M)(134.9M)(153.8M)(183.2M)(164.8M)(156.6M)
Property Plant Equipment139.5M126.7M121.4M115.1M132.4M86.0M
Other Current Assets124.1M357.8M396.0M154.8M147.4M140.0M
Intangible Assets16.4M13.5M11.2M9.2M22.8M24.0M
Net Tangible Assets736.0M751.8M794.9M742.6M853.9M707.5M
Retained Earnings Total Equity511.4M577.3M596.6M691.3M794.9M490.2M
Long Term Debt Total234.2M233.3M182.3M181.2M163.1M142.1M
Capital Surpluse493.7M494.7M496.1M497.4M572.0M471.1M
Long Term Investments6.5B7.1B1.6B1.3B1.5B1.4B
Non Current Liabilities Other48.0M139.5M210.2M132.6M152.5M90.2M

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When determining whether First Commonwealth is a strong investment it is important to analyze First Commonwealth's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Commonwealth's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Commonwealth Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the First Commonwealth information on this page should be used as a complementary analysis to other First Commonwealth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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Is First Commonwealth's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Commonwealth. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Commonwealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.225
Dividend Share
0.505
Earnings Share
1.56
Revenue Per Share
4.6
Quarterly Revenue Growth
0.024
The market value of First Commonwealth is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Commonwealth's value that differs from its market value or its book value, called intrinsic value, which is First Commonwealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Commonwealth's market value can be influenced by many factors that don't directly affect First Commonwealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Commonwealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Commonwealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Commonwealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.