Forafric Long Term Debt vs Retained Earnings Analysis

AFRIW Stock

USD 1.40 0.03 2.10%

Forafric Global financial indicator trend analysis is much more than just examining Forafric Global PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forafric Global PLC is a good investment. Please check the relationship between Forafric Global Long Term Debt and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Forafric Global PLC. 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.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forafric Global PLC Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Forafric Global's Long Term Debt and Retained Earnings is -0.31. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Forafric Global PLC, assuming nothing else is changed. The correlation between historical values of Forafric Global's Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Forafric Global PLC are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Forafric Global's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Debt

Long-term debt is a debt that Forafric Global PLC has held for over one year. Long-term debt appears on Forafric Global PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Forafric Global PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Forafric Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forafric Global PLC 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 Forafric Global PLC. 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.

Tax Provision is likely to climb to about (100.7 K) in 2024. Selling General Administrative is likely to drop to about 25.8 M in 2024

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	5.8M	6.6M	6.1M	6.3M
Interest Income	543K	34K	37K	35.2K

Depreciation And Amortization Interest Income

Forafric Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		-0.52	-0.16	0.98	0.87	0.91	-0.72	-0.88	0.88	0.93	0.94	0.85	-0.92	0.93	0.96	0.81	-0.2	-0.92	0.93	-0.59	0.9	-0.3	0.98	0.99	0.97	0.29
Short Long Term Debt Total	-0.52		0.81	-0.48	-0.86	-0.43	0.89	0.27	-0.32	-0.48	-0.46	-0.27	0.8	-0.48	-0.5	-0.58	0.89	0.8	-0.7	0.89	-0.83	0.96	-0.52	-0.54	-0.38	-0.81
Other Current Liab	-0.16	0.81		-0.05	-0.56	-0.2	0.61	-0.17	0.09	0.03	-0.21	0.19	0.47	0.03	-0.14	-0.5	0.98	0.42	-0.48	0.88	-0.5	0.88	-0.12	-0.12	-0.05	-0.97
Total Current Liabilities	0.98	-0.48	-0.05		0.84	0.89	-0.68	-0.9	0.93	0.98	0.91	0.88	-0.89	0.98	0.94	0.72	-0.11	-0.91	0.88	-0.49	0.88	-0.25	0.97	0.99	0.97	0.19
Total Stockholder Equity	0.87	-0.86	-0.56	0.84		0.76	-0.92	-0.65	0.66	0.81	0.79	0.63	-0.99	0.81	0.86	0.8	-0.63	-0.99	0.94	-0.86	0.99	-0.72	0.87	0.88	0.77	0.64
Property Plant And Equipment Net	0.91	-0.43	-0.2	0.89	0.76		-0.66	-0.85	0.9	0.78	1.0	0.84	-0.83	0.78	0.78	0.89	-0.19	-0.8	0.91	-0.54	0.79	-0.19	0.82	0.87	0.91	0.3
Net Debt	-0.72	0.89	0.61	-0.68	-0.92	-0.66		0.62	-0.5	-0.66	-0.69	-0.61	0.92	-0.66	-0.67	-0.81	0.7	0.9	-0.82	0.84	-0.89	0.78	-0.7	-0.72	-0.55	-0.61
Retained Earnings	-0.88	0.27	-0.17	-0.9	-0.65	-0.85	0.62		-0.88	-0.89	-0.86	-1.0	0.75	-0.89	-0.79	-0.7	-0.1	0.76	-0.72	0.26	-0.69	0.03	-0.84	-0.87	-0.83	0.1
Accounts Payable	0.88	-0.32	0.09	0.93	0.66	0.9	-0.5	-0.88		0.89	0.9	0.88	-0.74	0.89	0.77	0.63	0.05	-0.76	0.78	-0.29	0.73	-0.04	0.83	0.89	0.93	0.04
Cash	0.93	-0.48	0.03	0.98	0.81	0.78	-0.66	-0.89	0.89		0.81	0.88	-0.86	1.0	0.92	0.59	-0.06	-0.89	0.79	-0.4	0.85	-0.26	0.95	0.97	0.9	0.09
Non Current Assets Total	0.94	-0.46	-0.21	0.91	0.79	1.0	-0.69	-0.86	0.9	0.81		0.85	-0.86	0.81	0.81	0.9	-0.21	-0.84	0.93	-0.57	0.82	-0.22	0.85	0.9	0.93	0.32
Non Currrent Assets Other	0.85	-0.27	0.19	0.88	0.63	0.84	-0.61	-1.0	0.88	0.88	0.85		-0.73	0.88	0.74	0.67	0.11	-0.74	0.69	-0.23	0.66	-0.02	0.8	0.85	0.81	-0.13
Other Assets	-0.92	0.8	0.47	-0.89	-0.99	-0.83	0.92	0.75	-0.74	-0.86	-0.86	-0.73		-0.86	-0.89	-0.84	0.54	0.99	-0.96	0.81	-0.99	0.63	-0.91	-0.92	-0.83	-0.55
Cash And Short Term Investments	0.93	-0.48	0.03	0.98	0.81	0.78	-0.66	-0.89	0.89	1.0	0.81	0.88	-0.86		0.92	0.59	-0.06	-0.89	0.79	-0.4	0.85	-0.26	0.95	0.97	0.9	0.09
Net Receivables	0.96	-0.5	-0.14	0.94	0.86	0.78	-0.67	-0.79	0.77	0.92	0.81	0.74	-0.89	0.92		0.7	-0.2	-0.9	0.87	-0.58	0.88	-0.33	0.99	0.97	0.92	0.29
Good Will	0.81	-0.58	-0.5	0.72	0.8	0.89	-0.81	-0.7	0.63	0.59	0.9	0.67	-0.84	0.59	0.7		-0.48	-0.79	0.91	-0.77	0.79	-0.43	0.72	0.74	0.72	0.55
Common Stock Shares Outstanding	-0.2	0.89	0.98	-0.11	-0.63	-0.19	0.7	-0.1	0.05	-0.06	-0.21	0.11	0.54	-0.06	-0.2	-0.48		0.5	-0.49	0.89	-0.57	0.95	-0.19	-0.19	-0.06	-0.94
Non Current Liabilities Total	-0.92	0.8	0.42	-0.91	-0.99	-0.8	0.9	0.76	-0.76	-0.89	-0.84	-0.74	0.99	-0.89	-0.9	-0.79	0.5		-0.94	0.77	-0.99	0.63	-0.92	-0.94	-0.83	-0.51
Inventory	0.93	-0.7	-0.48	0.88	0.94	0.91	-0.82	-0.72	0.78	0.79	0.93	0.69	-0.96	0.79	0.87	0.91	-0.49	-0.94		-0.81	0.95	-0.52	0.89	0.91	0.89	0.6
Other Current Assets	-0.59	0.89	0.88	-0.49	-0.86	-0.54	0.84	0.26	-0.29	-0.4	-0.57	-0.23	0.81	-0.4	-0.58	-0.77	0.89	0.77	-0.81		-0.82	0.86	-0.57	-0.56	-0.46	-0.92
Other Stockholder Equity	0.9	-0.83	-0.5	0.88	0.99	0.79	-0.89	-0.69	0.73	0.85	0.82	0.66	-0.99	0.85	0.88	0.79	-0.57	-0.99	0.95	-0.82		-0.67	0.9	0.91	0.82	0.6
Total Liab	-0.3	0.96	0.88	-0.25	-0.72	-0.19	0.78	0.03	-0.04	-0.26	-0.22	-0.02	0.63	-0.26	-0.33	-0.43	0.95	0.63	-0.52	0.86	-0.67		-0.32	-0.32	-0.14	-0.85
Total Current Assets	0.98	-0.52	-0.12	0.97	0.87	0.82	-0.7	-0.84	0.83	0.95	0.85	0.8	-0.91	0.95	0.99	0.72	-0.19	-0.92	0.89	-0.57	0.9	-0.32		0.99	0.94	0.27
Short Term Debt	0.99	-0.54	-0.12	0.99	0.88	0.87	-0.72	-0.87	0.89	0.97	0.9	0.85	-0.92	0.97	0.97	0.74	-0.19	-0.94	0.91	-0.56	0.91	-0.32	0.99		0.96	0.26
Intangible Assets	0.97	-0.38	-0.05	0.97	0.77	0.91	-0.55	-0.83	0.93	0.9	0.93	0.81	-0.83	0.9	0.92	0.72	-0.06	-0.83	0.89	-0.46	0.82	-0.14	0.94	0.96		0.21
Common Stock	0.29	-0.81	-0.97	0.19	0.64	0.3	-0.61	0.1	0.04	0.09	0.32	-0.13	-0.55	0.09	0.29	0.55	-0.94	-0.51	0.6	-0.92	0.6	-0.85	0.27	0.26	0.21

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Forafric Long Term Debt vs Retained Earnings Analysis

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Long Term Debt

Retained Earnings

Forafric Global fundamental ratios Correlations

Forafric Global Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Total Stockholder Equity
Non Current Liabilities Total	+ 0.99	Other Assets

Non Currrent Assets Other	- 1.0	Retained Earnings
Other Stockholder Equity	- 0.99	Non Current Liabilities Total
Other Stockholder Equity	- 0.99	Other Assets
Non Current Liabilities Total	- 0.99	Total Stockholder Equity
Other Assets	- 0.99	Total Stockholder Equity
Common Stock	- 0.97	Other Current Liab