First Short Term Investments vs Cash Analysis
FCF Stock | USD 13.89 0.05 0.36% |
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 Term Investments and its Cash 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 Term Investments vs Cash
Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Commonwealth Short Term Investments account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between First Commonwealth's Short Term Investments and Cash is -0.07. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash 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 Term Investments and Cash 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 Term Investments of First Commonwealth Financial are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., First Commonwealth's Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Investments
Short Term Investments is an item under the current assets section of First Commonwealth balance sheet. It contains any investments First Commonwealth Financial undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that First Commonwealth can easily liquidate in the marketplace.Cash
Cash refers to the most liquid asset of First Commonwealth, which is listed under current asset account on First Commonwealth Financial balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from First Commonwealth customers. The amounts must be unrestricted with restricted cash listed in a different First Commonwealth account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 Expense | 15.3M | 17.7M | 31.9M | 30.3M | Depreciation And Amortization | 3.5M | 3.2M | 18.2M | 19.1M |
First Commonwealth fundamental ratios Correlations
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First Commonwealth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Commonwealth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.3B | 9.1B | 9.5B | 9.8B | 11.5B | 6.4B | |
Short Long Term Debt Total | 436.0M | 350.6M | 320.6M | 553.9M | 833.9M | 886.7M | |
Other Current Liab | (201.9M) | (117.4M) | (138.3M) | (87.7M) | 4.1B | 4.3B | |
Total Current Liabilities | 201.9M | 117.4M | 138.3M | 285M | 4.7B | 4.9B | |
Total Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 675.3M | |
Property Plant And Equipment Net | 137.3M | 125.5M | 120.8M | 115.1M | 121.0M | 71.5M | |
Net Debt | 314.2M | (6.0M) | (74.8M) | 399.7M | 686.9M | 765.2M | |
Retained Earnings | 577.3M | 596.6M | 691.3M | 774.9M | 881.1M | 925.2M | |
Cash | 121.9M | 356.6M | 395.4M | 154.2M | 147.0M | 121.5M | |
Non Current Assets Total | 1.7B | 1.6B | 2.0B | 1.7B | 11.3B | 11.9B | |
Non Currrent Assets Other | (31.3M) | (40.0M) | (39.4M) | (77.8M) | 10.6B | 11.1B | |
Other Assets | 5.6B | 6.2B | 6.1B | 7.2B | 1.0 | 0.95 | |
Cash And Short Term Investments | 1.0B | 1.2B | 1.4B | 916.9M | (125.4M) | (119.2M) | |
Common Stock Shares Outstanding | 98.6M | 97.8M | 95.8M | 93.9M | 101.8M | 84.5M | |
Liabilities And Stockholders Equity | 8.3B | 9.1B | 9.5B | 9.8B | 11.5B | 6.4B | |
Non Current Liabilities Total | 234.2M | 233.3M | 182.3M | 285M | 5.5B | 5.8B | |
Other Stockholder Equity | 358.8M | 340.9M | 313.0M | 301.0M | 421.3M | 221.0M | |
Total Liab | 7.3B | 8.0B | 8.4B | 8.8B | 10.2B | 5.7B | |
Property Plant And Equipment Gross | 137.3M | 125.5M | 291.1M | 294.9M | 312.3M | 327.9M | |
Total Current Assets | 1.0B | 1.2B | 1.4B | 916.9M | 147.4M | 140.0M | |
Short Term Debt | 201.9M | 117.4M | 138.3M | 372.7M | 604.4M | 538.6M | |
Accumulated Other Comprehensive Income | 5.6M | 17.2M | (8.8M) | (137.7M) | (111.8M) | (106.2M) | |
Other Liab | 65.1M | 210.2M | 132.6M | 59.8M | 68.7M | 65.2M | |
Accounts Payable | 6.7B | 7.4B | 8.0B | 8.0B | 9.2B | 5.3B | |
Long Term Debt | 234.2M | 233.3M | 182.3M | 181.2M | 181.9M | 270.8M | |
Short Term Investments | 919.1M | 843.5M | 1.1B | 789.1M | 1.0B | 956.8M | |
Inventory | 2.2M | 1.8M | 1.0M | 534K | 614.1K | 583.4K | |
Treasury Stock | (130.9M) | (134.9M) | (153.8M) | (183.2M) | (164.8M) | (156.6M) | |
Property Plant Equipment | 139.5M | 126.7M | 121.4M | 115.1M | 132.4M | 86.0M | |
Other Current Assets | 124.1M | 357.8M | 396.0M | 154.8M | 147.4M | 140.0M | |
Intangible Assets | 16.4M | 13.5M | 11.2M | 9.2M | 22.8M | 24.0M | |
Net Tangible Assets | 736.0M | 751.8M | 794.9M | 742.6M | 853.9M | 707.5M | |
Retained Earnings Total Equity | 511.4M | 577.3M | 596.6M | 691.3M | 794.9M | 490.2M | |
Long Term Debt Total | 234.2M | 233.3M | 182.3M | 181.2M | 163.1M | 142.1M | |
Capital Surpluse | 493.7M | 494.7M | 496.1M | 497.4M | 572.0M | 471.1M | |
Long Term Investments | 6.5B | 7.1B | 1.6B | 1.3B | 1.5B | 1.4B | |
Non Current Liabilities Other | 48.0M | 139.5M | 210.2M | 132.6M | 152.5M | 90.2M |
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Try AI Portfolio ArchitectCheck 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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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 0.227 | Dividend Share 0.505 | Earnings Share 1.61 | 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.