Parsons Net Debt from 2010 to 2024
| PSN Stock | USD 99.05 0.34 0.34% |
Net Debt | First Reported 2018-12-31 | Previous Quarter 878.7 M | Current Value 839.4 M | Quarterly Volatility 231.7 M |
Check Parsons Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Parsons Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 72.6 M, Interest Expense of 21.5 M or Selling General Administrative of 34.3 M, as well as many indicators such as Price To Sales Ratio of 0.74, Dividend Yield of 0.011 or PTB Ratio of 2.68. Parsons financial statements analysis is a perfect complement when working with Parsons Corp Valuation or Volatility modules.
Parsons | Net Debt |
Latest Parsons Corp's Net Debt Growth Pattern
Below is the plot of the Net Debt of Parsons Corp over the last few years. It is 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. Parsons Corp's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Parsons Corp's overall financial position and show how it may be relating to other accounts over time.
| Net Debt | 10 Years Trend |
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Net Debt |
| Timeline |
Parsons Net Debt Regression Statistics
| Arithmetic Mean | 96,062,142 | |
| Geometric Mean | 273,257,448 | |
| Coefficient Of Variation | 355.61 | |
| Mean Deviation | 311,273,751 | |
| Median | (195,757,000) | |
| Standard Deviation | 341,608,240 | |
| Sample Variance | 116696.2T | |
| Range | 850M | |
| R-Value | 0.89 | |
| Mean Square Error | 26236.2T | |
| R-Squared | 0.79 | |
| Slope | 67,946,296 | |
| Total Sum of Squares | 1633746.7T |
Parsons Net Debt History
Other Fundumenentals of Parsons Corp
Parsons Corp Net Debt component correlations
| 0.87 | 0.95 | 0.79 | 0.83 | -0.82 | 0.29 | ||
| 0.87 | 0.87 | 0.91 | 0.97 | -0.77 | 0.35 | ||
| 0.95 | 0.87 | 0.87 | 0.89 | -0.7 | 0.55 | ||
| 0.79 | 0.91 | 0.87 | 0.93 | -0.56 | 0.64 | ||
| 0.83 | 0.97 | 0.89 | 0.93 | -0.66 | 0.53 | ||
| -0.82 | -0.77 | -0.7 | -0.56 | -0.66 | 0.14 | ||
| 0.29 | 0.35 | 0.55 | 0.64 | 0.53 | 0.14 |
Click cells to compare fundamentals
About Parsons Corp Financial Statements
Parsons Corp investors utilize fundamental indicators, such as Net Debt, to predict how Parsons Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt | 654.2 M | 381.8 M | |
| Net Debt To EBITDA | 1.57 | 0.85 |
Pair Trading with Parsons Corp
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 Parsons Corp 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 Parsons Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Parsons Stock
Moving against Parsons Stock
The ability to find closely correlated positions to Parsons Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parsons Corp 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 Parsons Corp - 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 Parsons Corp to buy it.
The correlation of Parsons Corp 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 Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp 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 Parsons Corp 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.Check out the analysis of Parsons Corp Correlation against competitors. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parsons Corp. If investors know Parsons will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parsons Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.554 | Earnings Share 0.7 | Revenue Per Share 61.431 | Quarterly Revenue Growth 0.276 | Return On Assets 0.0589 |
The market value of Parsons Corp is measured differently than its book value, which is the value of Parsons that is recorded on the company's balance sheet. Investors also form their own opinion of Parsons Corp's value that differs from its market value or its book value, called intrinsic value, which is Parsons Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parsons Corp's market value can be influenced by many factors that don't directly affect Parsons Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parsons Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parsons Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parsons Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.