Four Non Currrent Assets Other vs Net Debt Analysis
| FCPT Stock | USD 24.81 0.40 1.64% |
Four Corners financial indicator trend analysis is much more than just examining Four Corners Property latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Four Corners Property is a good investment. Please check the relationship between Four Corners Non Currrent Assets Other and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Four Corners Property. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Non Currrent Assets Other vs Net Debt
Non Currrent Assets Other vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Four Corners Property Non Currrent Assets Other account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Four Corners' Non Currrent Assets Other and Net Debt is 0.75. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Net Debt in the same time period over historical financial statements of Four Corners Property, assuming nothing else is changed. The correlation between historical values of Four Corners' Non Currrent Assets Other and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Four Corners Property are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Currrent Assets Other i.e., Four Corners' Non Currrent Assets Other and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Four Corners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Four Corners Property 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 Four Corners Property. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. Tax Provision is likely to gain to about 136.5 K in 2024, whereas Selling General Administrative is likely to drop slightly above 14.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 169.8M | 187.4M | 130.9M | 105.1M | Total Revenue | 199.4M | 223.2M | 250.6M | 136.6M |
Four Corners fundamental ratios Correlations
Click cells to compare fundamentals
Four Corners Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Four Corners fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 68.6M | 71.6M | 76.8M | 81.8M | 88.7M | 64.7M | |
| Total Assets | 1.4B | 1.7B | 1.9B | 2.2B | 2.5B | 1.4B | |
| Other Current Liab | 18.3M | 15.9M | 21.5M | 34.7M | (8.3M) | (7.8M) | |
| Total Current Liabilities | 34.6M | 38.2M | 40.9M | 47.2M | 57.3M | 29.1M | |
| Total Stockholder Equity | 721.1M | 841.4M | 961.7M | 1.1B | 1.3B | 704.9M | |
| Other Liab | 14.0M | 27.0M | 27.3M | 21.5M | 24.7M | 22.6M | |
| Net Debt | 669.3M | 748.9M | 876.9M | 974.3M | 1.1B | 605.3M | |
| Accounts Payable | 799K | 376K | 550K | 766K | 1.3M | 832.5K | |
| Cash | 5.1M | 11.1M | 6.3M | 26.3M | 16.3M | 25.2M | |
| Non Current Assets Total | 1.4B | 1.6B | 1.9B | 2.2B | 2.4B | 1.4B | |
| Non Currrent Assets Other | 1.4B | 1.5B | 56.1M | 2.0B | 2.3B | 2.4B | |
| Other Assets | 715K | 1.5B | 12.5M | 1.9B | 2.2B | 2.3B | |
| Cash And Short Term Investments | 5.1M | 11.1M | 6.3M | 26.3M | 16.3M | 25.2M | |
| Liabilities And Stockholders Equity | 1.4B | 1.7B | 1.9B | 2.2B | 2.5B | 1.4B | |
| Non Current Liabilities Total | 684.8M | 785.5M | 898.2M | 1.0B | 1.1B | 659.8M | |
| Inventory | 196K | 2.9M | 252K | 7.8M | 238K | 226.1K | |
| Other Current Assets | 5.1M | 4.3M | 4.4M | 3.4M | (84.4M) | (80.1M) | |
| Other Stockholder Equity | 686.2M | 840.5M | 958.7M | 1.1B | 1.3B | 686.6M | |
| Total Liab | 719.3M | 823.7M | 939.1M | 1.1B | 1.2B | 688.5M | |
| Total Current Assets | 10.7M | 19.3M | 12.3M | 40.1M | 30.5M | 29.6M | |
| Accumulated Other Comprehensive Income | (3.5M) | (25.7M) | (9.8M) | 30.9M | 22.0M | 23.1M | |
| Net Tangible Assets | 679.2M | 745.1M | 857.4M | 1.0B | 1.2B | 661.0M | |
| Retained Earnings | 38.4M | 26.7M | 12.8M | 576K | (26.3M) | (25.0M) | |
| Short Term Debt | 5.0M | 10M | 7.5M | 9K | 50M | 39.2M | |
| Property Plant Equipment | 1.4B | 1.5B | 1.7B | 1.9B | 2.2B | 1.3B | |
| Short Long Term Debt Total | 674.3M | 759.9M | 883.2M | 1.0B | 1.1B | 782.1M | |
| Current Deferred Revenue | 10.5M | 11.9M | 11.3M | 11.7M | 14.3M | 10.5M | |
| Long Term Debt | 669.9M | 772.6M | 885.1M | 995.5M | 1.1B | 782.0M | |
| Net Receivables | 380K | 1.0M | 1.3M | 2.7M | 68.0M | 71.4M | |
| Retained Earnings Total Equity | 38.4M | 26.7M | 12.8M | 576K | 518.4K | 492.5K | |
| Long Term Debt Total | 669.9M | 772.6M | 885.1M | 995.5M | 1.1B | 726.8M | |
| Capital Surpluse | 686.2M | 840.5M | 958.7M | 1.1B | 1.3B | 767.0M | |
| Long Term Investments | 1.5M | 3.5M | 2.6M | 42.8M | 49.2M | 51.7M |
Pair Trading with Four Corners
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 Four Corners 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 Four Corners will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Four Corners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Four Corners 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 Four Corners - 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 Four Corners Property to buy it.
The correlation of Four Corners 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 Four Corners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Four Corners Property 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 Four Corners 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.Additional Tools for Four Stock Analysis
When running Four Corners' price analysis, check to measure Four Corners' 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 Four Corners is operating at the current time. Most of Four Corners' value examination focuses on studying past and present price action to predict the probability of Four Corners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Four Corners' price. Additionally, you may evaluate how the addition of Four Corners to your portfolios can decrease your overall portfolio volatility.