Fortune Total Liab vs Other Stockholder Equity Analysis

0IRN Stock   75.77  1.01  1.32%   
Fortune Brands financial indicator trend analysis is much more than just examining Fortune Brands Home latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortune Brands Home is a good investment. Please check the relationship between Fortune Brands Total Liab and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Fortune Brands Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Liab vs Other Stockholder Equity

Total Liab vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortune Brands Home Total Liab account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fortune Brands' Total Liab and Other Stockholder Equity is 0.6. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Fortune Brands Home, assuming nothing else is changed. The correlation between historical values of Fortune Brands' Total Liab and Other Stockholder Equity 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 Fortune Brands Home are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Liab i.e., Fortune Brands' Total Liab and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

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

Other Stockholder Equity

Most indicators from Fortune Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortune Brands Home 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Fortune Brands Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to drop to about 191.9 M in 2024. Discontinued Operations is likely to drop to about 129 M in 2024
 2020 2021 2023 2024 (projected)
Interest Income75.7M84.4M97.1M80.8M
Tax Provision168.8M232.7M267.6M191.9M

Fortune Brands fundamental ratios Correlations

0.960.640.890.85-0.750.10.970.590.950.390.960.95-0.151.00.920.990.510.690.980.98-0.840.970.930.76
0.960.560.860.74-0.62-0.050.950.750.880.351.00.880.070.970.870.950.450.560.970.93-0.890.970.850.85
0.640.560.740.6-0.30.740.760.520.630.930.560.63-0.130.60.460.550.970.380.610.76-0.550.550.520.16
0.890.860.740.58-0.550.140.940.630.770.570.860.77-0.090.890.770.860.690.480.930.91-0.920.830.850.67
0.850.740.60.58-0.780.360.770.350.920.330.740.92-0.380.830.840.830.410.810.750.85-0.450.830.790.47
-0.75-0.62-0.3-0.55-0.780.01-0.61-0.03-0.710.06-0.62-0.710.68-0.76-0.8-0.8-0.1-0.93-0.69-0.70.45-0.75-0.83-0.44
0.1-0.050.740.140.360.010.210.010.240.78-0.050.24-0.230.03-0.040.00.740.160.010.250.11-0.02-0.01-0.42
0.970.950.760.940.77-0.610.210.690.920.560.950.92-0.040.960.840.940.670.580.970.99-0.90.910.860.74
0.590.750.520.630.35-0.030.010.690.510.50.750.510.460.620.520.530.560.120.640.62-0.710.650.470.69
0.950.880.630.770.92-0.710.240.920.510.40.881.0-0.160.930.870.930.490.70.90.95-0.720.880.850.7
0.390.350.930.570.330.060.780.560.50.40.350.40.140.350.160.270.970.020.390.53-0.40.290.22-0.01
0.961.00.560.860.74-0.62-0.050.950.750.880.350.880.070.970.870.950.450.560.970.93-0.890.970.850.85
0.950.880.630.770.92-0.710.240.920.511.00.40.88-0.160.930.870.930.490.70.90.95-0.720.880.850.7
-0.150.07-0.13-0.09-0.380.68-0.23-0.040.46-0.160.140.07-0.16-0.16-0.34-0.190.0-0.7-0.07-0.15-0.17-0.15-0.40.22
1.00.970.60.890.83-0.760.030.960.620.930.350.970.93-0.160.940.990.470.690.990.97-0.840.980.950.79
0.920.870.460.770.84-0.8-0.040.840.520.870.160.870.87-0.340.940.920.320.760.890.88-0.680.940.980.77
0.990.950.550.860.83-0.80.00.940.530.930.270.950.93-0.190.990.920.40.720.980.96-0.830.960.930.79
0.510.450.970.690.41-0.10.740.670.560.490.970.450.490.00.470.320.40.20.50.64-0.510.420.380.1
0.690.560.380.480.81-0.930.160.580.120.70.020.560.7-0.70.690.760.720.20.60.67-0.380.70.760.37
0.980.970.610.930.75-0.690.010.970.640.90.390.970.9-0.070.990.890.980.50.60.97-0.910.950.910.81
0.980.930.760.910.85-0.70.250.990.620.950.530.930.95-0.150.970.880.960.640.670.97-0.840.930.90.7
-0.84-0.89-0.55-0.92-0.450.450.11-0.9-0.71-0.72-0.4-0.89-0.72-0.17-0.84-0.68-0.83-0.51-0.38-0.91-0.84-0.79-0.73-0.82
0.970.970.550.830.83-0.75-0.020.910.650.880.290.970.88-0.150.980.940.960.420.70.950.93-0.790.930.78
0.930.850.520.850.79-0.83-0.010.860.470.850.220.850.85-0.40.950.980.930.380.760.910.9-0.730.930.73
0.760.850.160.670.47-0.44-0.420.740.690.7-0.010.850.70.220.790.770.790.10.370.810.7-0.820.780.73
Click cells to compare fundamentals

Fortune Brands Account Relationship Matchups

Fortune Brands fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.0B6.3B7.4B7.9B9.1B7.3B
Short Long Term Debt Total1.8B1.8B2.6B2.3B2.7B2.2B
Other Current Liab75.3M113.4M636M208.2M239.4M222.4M
Total Current Liabilities1.4B1.3B2.0B1.5B1.8B1.6B
Total Stockholder Equity2.2B2.4B2.8B3.1B3.5B2.9B
Other Liab529.8M525.4M481.7M319.6M287.6M378.1M
Net Tangible Assets(832.5M)(1.0B)557.8M(554.6M)(637.8M)(669.7M)
Retained Earnings1.8B2.2B2.8B2.3B2.7B2.1B
Accounts Payable460M620.5M561M421.6M484.8M541.0M
Cash262.9M387.9M419.1M471.5M542.2M410.2M
Other Assets115M244M1.9B112.9M129.8M123.3M
Long Term Debt1.8B1.8B2.6B2.3B2.7B2.2B
Cash And Short Term Investments262.9M387.9M419.1M471.5M542.2M410.2M
Net Receivables624.8M734.9M580.4M521.8M469.6M478.5M
Good Will2.1B2.1B2.4B2.5B2.8B2.4B
Inventory718.6M867.2M889.5M1.0B1.2B872.0M
Other Current Assets166.9M187.3M849M190.2M218.7M313.2M
Other Stockholder Equity(72.6M)(55.1M)(24.6M)37.4M43.0M45.2M
Total Liab3.8B3.9B4.6B4.9B5.6B4.4B
Total Current Assets1.9B2.2B2.7B2.5B2.8B2.3B
Intangible Assets1.2B1.2B1.4B1.4B1.6B1.4B
Property Plant Equipment989.8M1.1B801.5M902.6M1.0B978.1M

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