Fortress Interest Expense vs Operating Income Analysis
FTAIP Stock | USD 25.04 0.01 0.04% |
Fortress Transportation financial indicator trend analysis is much more than just examining Fortress Transportation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortress Transportation is a good investment. Please check the relationship between Fortress Transportation Interest Expense and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Transportation and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Interest Expense vs Operating Income
Interest Expense vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortress Transportation Interest Expense account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fortress Transportation's Interest Expense and Operating Income is 0.75. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Fortress Transportation and, assuming nothing else is changed. The correlation between historical values of Fortress Transportation's Interest Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Fortress Transportation and are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Expense i.e., Fortress Transportation's Interest Expense and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Operating Income
Operating Income is the amount of profit realized from Fortress Transportation operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Fortress Transportation and is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Fortress Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortress Transportation 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 Fortress Transportation and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Fortress Transportation's Issuance Of Capital Stock is relatively stable compared to the past year. As of 06/19/2024, Enterprise Value is likely to grow to about 7.4 B, while Selling General Administrative is likely to drop slightly above 13.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 171.0M | 169.2M | 162.3M | 170.5M | Depreciation And Amortization | 229.7M | 230.4M | 185.0M | 133.0M |
Fortress Transportation fundamental ratios Correlations
Click cells to compare fundamentals
Fortress Transportation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortress Transportation fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.2B | 3.4B | 4.9B | 2.4B | 3.0B | 2.4B | |
Short Long Term Debt Total | 1.5B | 2.0B | 3.3B | 2.2B | 2.5B | 1.3B | |
Other Current Liab | (12.6M) | (22.2M) | (96.7M) | (70.4M) | 6.4M | 6.7M | |
Total Current Liabilities | 144.9M | 113.2M | 202.7M | 86.5M | 112.9M | 88.3M | |
Total Stockholder Equity | 1.3B | 1.1B | 1.1B | 18.9M | 175.3M | 166.6M | |
Property Plant And Equipment Net | 2.5B | 2.7B | 3.5B | 1.9B | 2.1B | 1.8B | |
Net Debt | 1.2B | 1.8B | 3.1B | 2.1B | 2.4B | 1.2B | |
Accounts Payable | 121.5M | 110.4M | 198.8M | 86.5M | 106.5M | 82.4M | |
Cash | 226.5M | 121.7M | 188.1M | 33.6M | 90.9M | 119.4M | |
Non Current Assets Total | 2.9B | 3.1B | 4.2B | 2.3B | 2.5B | 2.1B | |
Non Currrent Assets Other | 99.0M | 177.9M | 263.6M | 270.0M | 117.4M | 113.4M | |
Cash And Short Term Investments | 226.5M | 121.7M | 188.1M | 33.6M | 90.9M | 121.1M | |
Net Receivables | 57.8M | 98.6M | 182.8M | 99.4M | 115.2M | 93.5M | |
Common Stock Shares Outstanding | 86.0M | 86.0M | 89.9M | 99.4M | 100.4M | 84.7M | |
Liabilities And Stockholders Equity | 3.2B | 3.4B | 4.9B | 2.4B | 3.0B | 2.4B | |
Non Current Liabilities Total | 1.8B | 2.2B | 3.5B | 2.3B | 2.7B | 1.5B | |
Inventory | 15.2M | 58.3M | 107.1M | (8.6M) | 316.6M | 332.5M | |
Other Current Assets | 805K | (18.6M) | 144.9M | 28.1M | (1.0) | (0.95) | |
Other Stockholder Equity | 1.1B | 1.1B | 1.4B | 343.4M | 257.0M | 244.1M | |
Total Liab | 1.9B | 2.3B | 3.7B | 2.4B | 2.8B | 1.6B | |
Total Current Assets | 300.3M | 260.0M | 622.9M | 152.5M | 522.7M | 323.7M | |
Accumulated Other Comprehensive Income | 0.0 | 372K | (26.2M) | (156.4M) | (1.0M) | (1.1M) | |
Common Stock | 849K | 856K | 992K | 997K | 1.0M | 951.9K | |
Short Term Debt | 36.0M | 25M | 100.5M | 70.4M | 63.4M | 75.7M | |
Intangible Assets | 27.7M | 18.8M | 98.7M | 42.0M | 50.6M | 49.7M | |
Retained Earnings | 190.5M | (28.2M) | (132.4M) | (325.6M) | (81.8M) | (85.9M) | |
Other Liab | 41.1M | 23.4M | 96.3M | 36.5M | 32.8M | 42.0M | |
Net Tangible Assets | 1.1B | 928.6M | 763.2M | (30.0M) | (27.0M) | (25.7M) | |
Other Assets | 1.7B | 1.7B | 2.0B | 2.1B | 1.0 | 0.95 | |
Long Term Debt | 1.4B | 1.9B | 3.2B | 2.2B | 2.5B | 2.3B | |
Net Invested Capital | 2.7B | 3.0B | 4.3B | 2.2B | 2.7B | 3.1B | |
Long Term Investments | 180.6M | 146.5M | 77.3M | 22.0M | 22.7M | 21.6M | |
Capital Stock | 930K | 947K | 1.1M | 1.1M | 1.2M | 1.1M | |
Non Current Liabilities Other | 295.3M | 208.7M | 243.3M | 148.0M | 158.6M | 171.9M | |
Net Working Capital | 155.4M | 146.9M | 420.2M | 66.1M | 230.2M | 201.6M |
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