First Accounts Payable vs Total Current Liabilities Analysis
FBMS Stock | USD 25.35 0.43 1.73% |
First Bancshares, financial indicator trend analysis is much more than just examining First Bancshares, latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Bancshares, is a good investment. Please check the relationship between First Bancshares, Accounts Payable and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The First Bancshares,. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Bancshares, Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.
The correlation between First Bancshares,'s Accounts Payable and Total Current Liabilities is 0.99. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of The First Bancshares,, assuming nothing else is changed. The correlation between historical values of First Bancshares,'s Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of The First Bancshares, are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., First Bancshares,'s Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents First Bancshares, obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of First Bancshares, are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Current Liabilities
Total Current Liabilities is an item on First Bancshares, balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of The First Bancshares, are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from First Bancshares,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Bancshares, 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 The First Bancshares,. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, First Bancshares,'s Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 119.32 in 2024, whereas Tax Provision is likely to drop slightly above 12 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 194.3M | 207.3M | 381.4M | 400.5M | Total Revenue | 194.3M | 207.3M | 381.4M | 400.5M |
First Bancshares, fundamental ratios Correlations
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First Bancshares, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Bancshares, fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.9B | 5.2B | 6.1B | 6.5B | 8.0B | 8.4B | |
Short Long Term Debt Total | 295.0M | 259.2M | 144.7M | 284.9M | 521.7M | 547.8M | |
Total Stockholder Equity | 543.7M | 644.8M | 676.2M | 646.7M | 949.0M | 996.5M | |
Property Plant And Equipment Net | 105.0M | 123.5M | 132.4M | 153.1M | 182.2M | 191.3M | |
Net Debt | 126.1M | (303.3M) | (775.0M) | 139.5M | 166.5M | 174.9M | |
Retained Earnings | 110.5M | 154.2M | 206.2M | 252.6M | 300.2M | 315.2M | |
Cash | 168.9M | 562.6M | 919.7M | 145.3M | 355.1M | 372.9M | |
Non Current Assets Total | 1.1B | 1.4B | 2.1B | 2.3B | 7.6B | 8.0B | |
Non Currrent Assets Other | (16.1M) | (20.5M) | (17.6M) | (128.4M) | 6.9B | 7.2B | |
Other Assets | 1.9B | 2.2B | 1.3B | 2.7B | 3.1B | 3.3B | |
Cash And Short Term Investments | 934.0M | 1.6B | 2.7B | 1.4B | (355.1M) | (337.4M) | |
Net Receivables | 14.8M | 26.3M | 23.3M | 27.7M | 33.3M | 35.0M | |
Common Stock Total Equity | 19.0M | 21.6M | 21.7M | 25.3M | 29.1M | 30.5M | |
Common Stock Shares Outstanding | 17.2M | 20.8M | 21.2M | 22.2M | 31.6M | 33.1M | |
Liabilities And Stockholders Equity | 3.9B | 5.2B | 6.1B | 6.5B | 8.0B | 8.4B | |
Non Current Liabilities Total | 295.0M | 259.2M | 144.7M | 13.1M | 309.6M | 325.1M | |
Other Stockholder Equity | 404.1M | 443.2M | 440.3M | 517.7M | 734.1M | 770.8M | |
Total Liab | 3.4B | 4.5B | 5.4B | 5.8B | 7.1B | 7.4B | |
Property Plant And Equipment Gross | 105.0M | 123.5M | 132.4M | 153.1M | 225.9M | 237.2M | |
Total Current Assets | 948.8M | 1.6B | 2.7B | 1.4B | 396.8M | 659.0M | |
Accumulated Other Comprehensive Income | 10.1M | 25.8M | 8.0M | (149.0M) | (117.6M) | (111.7M) | |
Common Stock | 19.0M | 21.6M | 21.7M | 25.3M | 32.3M | 34.0M | |
Other Current Liab | (2.5M) | (10.4M) | (8.0M) | (13.1M) | 6.4B | 6.7B | |
Total Current Liabilities | 2.5M | 10.4M | 8.0M | 13.1M | 6.8B | 7.1B | |
Accounts Payable | 2.5M | 2.1M | 1.7M | 3.3M | 22.7M | 23.8M | |
Short Term Debt | 214.3M | 8.3M | 6.3M | 9.7M | 391.4M | 410.9M | |
Other Liab | 17.6M | 33.4M | 29.7M | 19.6M | 22.6M | 23.7M | |
Long Term Debt | 295.0M | 259.2M | 144.7M | 275.1M | 123.4M | 88.1M | |
Short Term Investments | 765.1M | 1.0B | 1.8B | 1.3B | 1.0B | 1.1B | |
Inventory | (191.0M) | (594.7M) | (945.5M) | (177.9M) | 321.8M | 337.9M | |
Treasury Stock | (5.7M) | (13.8M) | (18.9M) | (41.1M) | (37.0M) | (35.1M) | |
Property Plant Equipment | 105.0M | 123.5M | 132.4M | 153.1M | 176.0M | 184.8M | |
Good Will | 158.6M | 156.9M | 156.7M | 180.3M | 272.5M | 286.1M | |
Other Current Assets | 191.0M | 594.7M | 945.5M | 177.9M | 396.8M | 565.8M | |
Intangible Assets | 30.3M | 30.8M | 29.5M | 34.6M | 341.3M | 358.4M | |
Net Tangible Assets | 385.1M | 487.9M | 490.0M | 466.4M | 536.4M | 563.2M | |
Retained Earnings Total Equity | 110.5M | 154.2M | 206.2M | 252.6M | 290.5M | 305.0M | |
Long Term Debt Total | 295.0M | 259.2M | 144.7M | 145.0M | 166.8M | 91.4M | |
Capital Surpluse | 409.8M | 456.9M | 459.2M | 558.8M | 642.7M | 674.8M |
Pair Trading with First Bancshares,
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 First Bancshares, 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 First Bancshares, will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
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The ability to find closely correlated positions to First Bancshares, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Bancshares, 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 First Bancshares, - 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 The First Bancshares, to buy it.
The correlation of First Bancshares, 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 First Bancshares, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Bancshares, 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 First Bancshares, 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The First Bancshares,. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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Is First Bancshares,'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 Bancshares,. 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 Bancshares, 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 0.251 | Dividend Share 0.97 | Earnings Share 2.52 | Revenue Per Share 9.072 | Quarterly Revenue Growth 0.052 |
The market value of First Bancshares, 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 Bancshares,'s value that differs from its market value or its book value, called intrinsic value, which is First Bancshares,'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 Bancshares,'s market value can be influenced by many factors that don't directly affect First Bancshares,'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 Bancshares,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancshares, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancshares,'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.