Forestar Total Current Assets vs Cash And Short Term Investments Analysis
FOR Stock | USD 31.40 0.51 1.60% |
Forestar financial indicator trend analysis is much more than just examining Forestar Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forestar Group is a good investment. Please check the relationship between Forestar Total Current Assets and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Total Current Assets vs Cash And Short Term Investments
Total Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forestar Group Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Forestar's Total Current Assets and Cash And Short Term Investments is 0.86. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Forestar Group, assuming nothing else is changed. The correlation between historical values of Forestar's Total Current Assets and Cash And Short Term Investments 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 Current Assets of Forestar Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Forestar's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Forestar Group balance sheet. This account contains Forestar investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Forestar Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Forestar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forestar Group 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 Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, Forestar's Selling General Administrative is relatively stable compared to the past year. As of 06/19/2024, Discontinued Operations is likely to grow to about 8.7 M, though Enterprise Value Over EBITDA is likely to grow to (14.53).
Forestar fundamental ratios Correlations
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Forestar Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forestar fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Short Long Term Debt Total | 641.1M | 704.5M | 706M | 695M | 799.3M | 839.2M | |
Total Stockholder Equity | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 1.7B | |
Net Debt | 246.8M | 550.9M | 441.2M | 79M | 90.9M | 179.5M | |
Non Current Assets Total | 1.3B | 1.9B | 2.1B | 1.9B | 2.1B | 2.2B | |
Non Currrent Assets Other | 1.3B | 1.9B | 2.1B | 1.8B | 2.1B | 2.2B | |
Other Assets | 1M | 2.1B | 2.1B | 1.8B | 2.1B | 2.2B | |
Common Stock Shares Outstanding | 48.1M | 49.0M | 49.8M | 50.1M | 57.6M | 43.8M | |
Liabilities And Stockholders Equity | 1.7B | 2.1B | 2.3B | 2.5B | 2.8B | 3.0B | |
Non Current Liabilities Total | 745.1M | 877.2M | 879.1M | 867.1M | 997.2M | 1.0B | |
Other Stockholder Equity | 605.8M | 636.2M | 640.6M | 644.2M | 740.8M | 531.4M | |
Total Liab | 868.1M | 1.1B | 1.1B | 1.1B | 1.3B | 1.3B | |
Other Current Liab | 10.5M | 1.3M | 137.1M | 165.3M | 190.1M | 199.6M | |
Other Liab | 124M | 172.7M | 173.1M | 189.9M | 218.4M | 229.3M | |
Accounts Payable | 29.2M | 47.4M | 72.2M | 68.4M | 78.7M | 82.6M | |
Cash | 394.3M | 153.6M | 264.8M | 616M | 708.4M | 743.8M | |
Long Term Debt | 641.1M | 704.5M | 706M | 695M | 799.3M | 839.2M | |
Inventory | (10.4M) | (26.9M) | (40.3M) | 1.0 | 0.9 | 0.86 | |
Other Current Assets | 10.4M | 25.8M | 28.9M | (641.7M) | (577.5M) | (548.7M) | |
Property Plant Equipment | 4.7M | 2.9M | 5.7M | 1.8B | 2.1B | 2.2B | |
Total Current Liabilities | 123M | 208.6M | 264.6M | 233.7M | 268.8M | 282.2M | |
Property Plant And Equipment Net | 1.1M | 2.9M | 5.7M | 5.9M | 5.3M | 5.0M | |
Cash And Short Term Investments | 394.3M | 153.6M | 264.8M | 616M | 708.4M | 743.8M | |
Net Receivables | 6.3M | 1.1M | 11.4M | 25.7M | 29.6M | 16.4M | |
Property Plant And Equipment Gross | 3.7M | 10.7M | 14.8M | 14.9M | 13.4M | 12.7M | |
Total Current Assets | 400.6M | 153.6M | 264.8M | 616M | 708.4M | 396.6M | |
Retained Earnings | 218.9M | 329.1M | 507.9M | 674.8M | 776.0M | 814.8M | |
Common Stock | 48.1M | 49.6M | 49.8M | 49.9M | 57.4M | 45.5M | |
Net Tangible Assets | 870.9M | 1.0B | 1.2B | 1.4B | 1.6B | 847.8M | |
Long Term Debt Total | 641.1M | 704.5M | 706M | 695M | 799.3M | 459.4M |
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