Forum Total Liab vs Net Tangible Assets Analysis

FET Stock

USD 18.24 0.22 1.22%

Forum Energy financial indicator trend analysis is much more than just examining Forum Energy Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forum Energy Technologies is a good investment. Please check the relationship between Forum Energy Total Liab and its Net Tangible Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Total Liab vs Net Tangible Assets

Total Liab vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forum Energy Technologies Total Liab account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Forum Energy's Total Liab and Net Tangible Assets is 0.44. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Forum Energy Technologies, assuming nothing else is changed. The correlation between historical values of Forum Energy's Total Liab 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 Total Liab of Forum Energy Technologies 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 Total Liab i.e., Forum Energy's Total Liab and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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 Forum Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forum Energy Technologies 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 Forum Energy Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Forum Energy's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 6.85 in 2024, whereas Selling General Administrative is likely to drop slightly above 180 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	32M	31.5M	18.3M	28.0M
Depreciation And Amortization	42.2M	37.1M	34.7M	59.3M

Interest Expense Depreciation And Amortization

Forum Energy fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		-0.25	-0.36	-0.23	0.06	-0.21	0.12	0.0	-0.33	-0.52	0.48	0.02	-0.33	-0.13	0.02	-0.01	-0.43	-0.17	-0.36	0.09	-0.12	0.81	-0.28	0.74	0.01	-0.42
Total Assets	-0.25		0.76	0.47	0.51	0.97	0.68	0.39	0.6	0.89	0.33	0.24	0.97	0.18	0.24	0.7	0.94	0.84	0.82	0.83	0.59	-0.24	0.82	0.19	0.93	-0.29
Short Long Term Debt Total	-0.36	0.76		0.69	0.53	0.61	0.45	0.12	0.92	0.67	0.25	-0.04	0.77	0.09	-0.04	0.63	0.77	0.74	0.97	0.61	0.27	-0.38	0.96	-0.04	0.67	-0.25
Other Current Liab	-0.23	0.47	0.69		0.81	0.3	0.18	0.48	0.78	0.42	0.25	-0.4	0.46	0.27	-0.4	0.8	0.51	0.38	0.68	0.42	0.62	-0.4	0.79	-0.12	0.5	-0.09
Total Current Liabilities	0.06	0.51	0.53	0.81		0.38	0.23	0.62	0.67	0.37	0.67	-0.5	0.48	0.39	-0.5	0.92	0.49	0.42	0.49	0.57	0.63	-0.12	0.7	0.16	0.59	-0.04
Total Stockholder Equity	-0.21	0.97	0.61	0.3	0.38		0.68	0.39	0.41	0.88	0.28	0.36	0.94	0.18	0.36	0.6	0.91	0.79	0.68	0.79	0.58	-0.19	0.67	0.23	0.9	-0.25
Property Plant And Equipment Net	0.12	0.68	0.45	0.18	0.23	0.68		0.12	0.31	0.39	0.39	0.26	0.57	-0.03	0.26	0.42	0.52	0.79	0.56	0.87	0.32	0.27	0.53	0.54	0.78	-0.52
Current Deferred Revenue	0.0	0.39	0.12	0.48	0.62	0.39	0.12		0.18	0.34	0.16	-0.2	0.35	0.85	-0.2	0.54	0.39	0.22	0.12	0.44	0.78	-0.1	0.28	0.03	0.44	0.18
Net Debt	-0.33	0.6	0.92	0.78	0.67	0.41	0.31	0.18		0.51	0.33	-0.42	0.61	0.14	-0.42	0.72	0.62	0.56	0.87	0.54	0.3	-0.43	0.91	-0.05	0.51	-0.08
Retained Earnings	-0.52	0.89	0.67	0.42	0.37	0.88	0.39	0.34	0.51		0.01	0.22	0.94	0.2	0.22	0.55	0.97	0.71	0.71	0.53	0.54	-0.58	0.69	-0.04	0.73	0.01
Accounts Payable	0.48	0.33	0.25	0.25	0.67	0.28	0.39	0.16	0.33	0.01		-0.27	0.24	-0.07	-0.27	0.62	0.15	0.33	0.23	0.57	0.16	0.42	0.38	0.49	0.46	-0.35
Cash	0.02	0.24	-0.04	-0.4	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27		0.21	-0.16	1.0	-0.4	0.17	0.25	0.03	0.06	-0.16	0.2	-0.12	0.06	0.25	-0.38
Non Current Assets Total	-0.33	0.97	0.77	0.46	0.48	0.94	0.57	0.35	0.61	0.94	0.24	0.21		0.18	0.21	0.67	0.98	0.82	0.82	0.71	0.55	-0.33	0.82	0.09	0.88	-0.24
Non Currrent Assets Other	-0.13	0.18	0.09	0.27	0.39	0.18	-0.03	0.85	0.14	0.2	-0.07	-0.16	0.18		-0.16	0.19	0.24	0.15	0.02	0.26	0.41	-0.15	0.13	-0.1	0.19	0.4
Cash And Short Term Investments	0.02	0.24	-0.04	-0.4	-0.5	0.36	0.26	-0.2	-0.42	0.22	-0.27	1.0	0.21	-0.16		-0.4	0.17	0.25	0.03	0.06	-0.16	0.2	-0.12	0.06	0.25	-0.38
Net Receivables	-0.01	0.7	0.63	0.8	0.92	0.6	0.42	0.54	0.72	0.55	0.62	-0.4	0.67	0.19	-0.4		0.66	0.53	0.65	0.7	0.76	-0.19	0.8	0.24	0.73	-0.15
Good Will	-0.43	0.94	0.77	0.51	0.49	0.91	0.52	0.39	0.62	0.97	0.15	0.17	0.98	0.24	0.17	0.66		0.82	0.81	0.67	0.58	-0.47	0.81	0.05	0.84	-0.11
Common Stock Total Equity	-0.17	0.84	0.74	0.38	0.42	0.79	0.79	0.22	0.56	0.71	0.33	0.25	0.82	0.15	0.25	0.53	0.82		0.79	0.83	0.34	-0.05	0.77	0.26	0.89	-0.39
Non Current Liabilities Total	-0.36	0.82	0.97	0.68	0.49	0.68	0.56	0.12	0.87	0.71	0.23	0.03	0.82	0.02	0.03	0.65	0.81	0.79		0.67	0.35	-0.34	0.97	-0.03	0.75	-0.38
Inventory	0.09	0.83	0.61	0.42	0.57	0.79	0.87	0.44	0.54	0.53	0.57	0.06	0.71	0.26	0.06	0.7	0.67	0.83	0.67		0.51	0.13	0.72	0.46	0.9	-0.39
Other Current Assets	-0.12	0.59	0.27	0.62	0.63	0.58	0.32	0.78	0.3	0.54	0.16	-0.16	0.55	0.41	-0.16	0.76	0.58	0.34	0.35	0.51		-0.23	0.47	0.09	0.62	0.03
Other Stockholder Equity	0.81	-0.24	-0.38	-0.4	-0.12	-0.19	0.27	-0.1	-0.43	-0.58	0.42	0.2	-0.33	-0.15	0.2	-0.19	-0.47	-0.05	-0.34	0.13	-0.23		-0.31	0.49	0.02	-0.57
Total Liab	-0.28	0.82	0.96	0.79	0.7	0.67	0.53	0.28	0.91	0.69	0.38	-0.12	0.82	0.13	-0.12	0.8	0.81	0.77	0.97	0.72	0.47	-0.31		0.02	0.79	-0.33
Property Plant And Equipment Gross	0.74	0.19	-0.04	-0.12	0.16	0.23	0.54	0.03	-0.05	-0.04	0.49	0.06	0.09	-0.1	0.06	0.24	0.05	0.26	-0.03	0.46	0.09	0.49	0.02		0.36	-0.24
Total Current Assets	0.01	0.93	0.67	0.5	0.59	0.9	0.78	0.44	0.51	0.73	0.46	0.25	0.88	0.19	0.25	0.73	0.84	0.89	0.75	0.9	0.62	0.02	0.79	0.36		-0.46
Short Term Debt	-0.42	-0.29	-0.25	-0.09	-0.04	-0.25	-0.52	0.18	-0.08	0.01	-0.35	-0.38	-0.24	0.4	-0.38	-0.15	-0.11	-0.39	-0.38	-0.39	0.03	-0.57	-0.33	-0.24	-0.46

Click cells to compare fundamentals

Forum Energy Account Relationship Matchups

Forum Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	5.5M	5.6M	5.6M	6.0M	10.2M	5.4M
Total Assets	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Short Long Term Debt Total	399.6M	294.7M	233.3M	239.9M	201.4M	303.8M
Other Current Liab	86.7M	67.6M	58.4M	76.7M	53.3M	63.8M
Total Current Liabilities	196.9M	124.9M	175.7M	210.5M	204.3M	158.9M
Total Stockholder Equity	486M	406.2M	329.1M	307.1M	412.6M	655.0M
Property Plant And Equipment Net	203.5M	145.2M	119.4M	116.8M	134.3M	165.1M
Current Deferred Revenue	10.8M	9.7M	17.0M	14.7M	14.8M	13.0M
Net Debt	341.7M	166.1M	186.4M	188.9M	155.2M	247.2M
Retained Earnings	(503.4M)	(601.7M)	(684.3M)	(680.6M)	(699.5M)	(664.5M)
Accounts Payable	98.7M	46.4M	99.4M	118.3M	125.9M	106.9M
Cash	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Non Current Assets Total	494.1M	399.7M	344.6M	318.4M	291.5M	276.9M
Non Currrent Assets Other	18.3M	14.1M	7.8M	9.9M	6.3M	6.0M
Cash And Short Term Investments	57.9M	128.6M	46.9M	51M	46.2M	77.9M
Net Receivables	216.1M	154.2M	80.6M	123.9M	161.9M	138.8M
Good Will	272.3M	(44K)	(5K)	19K	17.1K	16.2K
Common Stock Total Equity	1.2M	1.2M	60K	61K	70.2K	66.6K
Liabilities And Stockholders Equity	1.2B	889.9M	791.3M	831.3M	821.1M	1.2B
Non Current Liabilities Total	477.1M	358.8M	286.5M	313.7M	204.1M	350.7M
Inventory	414.6M	251.7M	241.7M	269.8M	299.6M	380.4M
Other Current Assets	39.2M	29.3M	34.2M	37.9M	21.9M	20.8M
Other Stockholder Equity	1.1B	1.1B	1.1B	1.1B	1.2B	935.1M
Total Liab	674M	483.7M	462.2M	524.2M	408.4M	509.6M
Property Plant And Equipment Gross	203.5M	145.2M	119.4M	116.8M	291.1M	177.8M
Total Current Assets	665.9M	490.2M	446.7M	512.9M	529.6M	505.0M
Accumulated Other Comprehensive Income	(108.9M)	(100.4M)	(101.0M)	(127.5M)	(115.2M)	(109.5M)
Short Term Debt	1.2M	700K	1.3M	900K	10.4M	10.9M
Intangible Assets	272.3M	240.4M	217.4M	191.5M	168.0M	263.4M
Common Stock	1.2M	60K	61K	62K	109K	103.6K
Other Liab	28.3M	65.4M	54.1M	13.7M	15.7M	14.9M
Other Assets	18.3M	45.6M	7.8M	10.1M	11.6M	16.9M
Long Term Debt	398.9M	293.4M	232.4M	239.1M	129.6M	123.1M
Treasury Stock	(134.4M)	(134.5M)	(134.5M)	(135.6M)	(122.0M)	(128.1M)
Property Plant Equipment	203.5M	145.2M	119.4M	116.8M	134.3M	172.4M
Net Tangible Assets	213.7M	165.8M	111.7M	115.6M	104.0M	181.3M
Retained Earnings Total Equity	63.7M	(503.4M)	(601.7M)	(684.3M)	(615.9M)	(585.1M)
Long Term Debt Total	398.9M	293.4M	232.4M	239.1M	215.2M	314.3M

Pair Trading with Forum Energy

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 Forum Energy 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 Forum Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Forum Stock

0.56

VTOL

Bristow Group

Pair Corr

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

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

When determining whether Forum Energy Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Forum Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Forum Energy Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Forum Energy Technologies Stock:

How To Invest In Forum

Details

Is Forum Stock a good investment?

Details

What is Forum Energy's Net Worth?

Details

Largest Oil & Gas Equipment & Services Companies

View

Largest Energy Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Forum Stock analysis

When running Forum Energy's price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.

	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance

Is Forum Energy'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 Forum Energy. If investors know Forum 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 Forum Energy 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

(0.58)

Earnings Share

(2.36)

Revenue Per Share

70.194

Quarterly Revenue Growth

0.071

Return On Assets

0.0175

The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy'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 Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy'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 Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forum Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Forum Total Liab vs Net Tangible Assets Analysis

Total Liab vs Net Tangible Assets

Total Liab vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Total Liab

Net Tangible Assets

Forum Energy fundamental ratios Correlations

Forum Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Forum Energy fundamental ratios Accounts

Pair Trading with Forum Energy

Moving against Forum Stock

Complementary Tools for Forum Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 0.98	Non Current Assets Total
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Good Will	+ 0.97	Retained Earnings

Other Stockholder Equity	- 0.58	Retained Earnings
Short Term Debt	- 0.57	Other Stockholder Equity
Short Term Debt	- 0.52	Property Plant And Equipment Net
Retained Earnings	- 0.52	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.5	Total Current Liabilities
Cash	- 0.5	Total Current Liabilities