Platinum Common Stock vs Net Debt Analysis

PAI Stock   0.97  0.01  1.02%   
Platinum Asia financial indicator trend analysis is much more than just breaking down Platinum Asia Investments prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Platinum Asia Investments is a good investment. Please check the relationship between Platinum Asia Common Stock and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Asia Investments. 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.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Platinum Asia Investments Common Stock account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Platinum Asia's Common Stock and Net Debt is -0.07. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of Platinum Asia Investments, assuming nothing else is changed. The correlation between historical values of Platinum Asia's Common Stock 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 Common Stock of Platinum Asia Investments 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 Common Stock i.e., Platinum Asia's Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock

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 Platinum Asia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Platinum Asia Investments 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Platinum Asia Investments. 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.
At this time, Platinum Asia's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 6.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 297 K in 2024.

Platinum Asia fundamental ratios Correlations

0.990.96-0.220.360.52-0.69-0.580.050.150.680.81-0.10.44-0.270.91-0.710.120.870.91-0.930.340.080.25-0.130.22
0.990.98-0.260.340.52-0.68-0.65-0.010.050.720.86-0.050.39-0.230.89-0.680.120.860.88-0.90.320.090.24-0.190.24
0.960.98-0.210.30.44-0.71-0.620.060.00.70.86-0.070.34-0.150.89-0.690.160.860.86-0.860.290.130.27-0.260.38
-0.22-0.26-0.210.06-0.340.180.240.330.22-0.12-0.34-0.120.070.24-0.15-0.38-0.08-0.18-0.070.18-0.090.51-0.150.260.42
0.360.340.30.06-0.12-0.35-0.13-0.250.250.410.220.010.260.220.35-0.450.240.250.45-0.50.02-0.280.230.18-0.07
0.520.520.44-0.34-0.12-0.11-0.52-0.350.120.50.520.070.6-0.870.18-0.150.060.150.17-0.270.12-0.210.150.33-0.38
-0.69-0.68-0.710.18-0.35-0.110.23-0.01-0.06-0.29-0.47-0.11-0.45-0.01-0.770.65-0.71-0.78-0.750.70.030.13-0.780.49-0.52
-0.58-0.65-0.620.24-0.13-0.520.230.560.58-0.9-0.92-0.28-0.070.03-0.310.21-0.02-0.31-0.30.3-0.13-0.08-0.060.13-0.11
0.05-0.010.060.33-0.25-0.35-0.010.560.47-0.5-0.33-0.44-0.210.090.34-0.25-0.390.350.29-0.240.280.56-0.35-0.180.36
0.150.050.00.220.250.12-0.060.580.47-0.27-0.4-0.490.57-0.470.19-0.3-0.040.10.28-0.360.24-0.190.030.57-0.27
0.680.720.7-0.120.410.5-0.29-0.9-0.5-0.270.870.010.28-0.060.39-0.40.070.330.44-0.470.13-0.090.120.140.08
0.810.860.86-0.340.220.52-0.47-0.92-0.33-0.40.870.210.15-0.070.62-0.40.070.610.58-0.590.240.110.14-0.260.21
-0.1-0.05-0.07-0.120.010.07-0.11-0.28-0.44-0.490.010.21-0.010.09-0.110.130.33-0.05-0.210.21-0.110.190.21-0.38-0.07
0.440.390.340.070.260.6-0.45-0.07-0.210.570.280.15-0.01-0.670.24-0.450.540.170.32-0.380.03-0.40.610.47-0.14
-0.27-0.23-0.150.240.22-0.87-0.010.030.09-0.47-0.06-0.070.09-0.67-0.020.06-0.050.01-0.020.14-0.070.28-0.14-0.470.51
0.910.890.89-0.150.350.18-0.77-0.310.340.190.390.62-0.110.24-0.02-0.720.10.990.98-0.960.370.240.22-0.380.4
-0.71-0.68-0.69-0.38-0.45-0.150.650.21-0.25-0.3-0.4-0.40.13-0.450.06-0.72-0.29-0.68-0.780.720.12-0.29-0.340.11-0.5
0.120.120.16-0.080.240.06-0.71-0.02-0.39-0.040.070.070.330.54-0.050.1-0.290.120.11-0.08-0.48-0.470.98-0.240.29
0.870.860.86-0.180.250.15-0.78-0.310.350.10.330.61-0.050.170.010.99-0.680.120.95-0.910.350.290.22-0.50.45
0.910.880.86-0.070.450.17-0.75-0.30.290.280.440.58-0.210.32-0.020.98-0.780.110.95-0.980.340.160.23-0.250.36
-0.93-0.9-0.860.18-0.5-0.270.70.3-0.24-0.36-0.47-0.590.21-0.380.14-0.960.72-0.08-0.91-0.98-0.38-0.06-0.20.14-0.19
0.340.320.29-0.090.020.120.03-0.130.280.240.130.24-0.110.03-0.070.370.12-0.480.350.34-0.380.19-0.390.16-0.1
0.080.090.130.51-0.28-0.210.13-0.080.56-0.19-0.090.110.19-0.40.280.24-0.29-0.470.290.16-0.060.19-0.52-0.360.44
0.250.240.27-0.150.230.15-0.78-0.06-0.350.030.120.140.210.61-0.140.22-0.340.980.220.23-0.2-0.39-0.52-0.210.29
-0.13-0.19-0.260.260.180.330.490.13-0.180.570.14-0.26-0.380.47-0.47-0.380.11-0.24-0.5-0.250.140.16-0.36-0.21-0.58
0.220.240.380.42-0.07-0.38-0.52-0.110.36-0.270.080.21-0.07-0.140.510.4-0.50.290.450.36-0.19-0.10.440.29-0.58
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Platinum Asia Account Relationship Matchups

Platinum Asia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets432.1M498.7M397.2M384.8M383.1M370.8M
Total Stockholder Equity418.8M471.4M395.6M383.4M382.2M359.4M
Net Tangible Assets393.3M418.8M471.4M395.6M455.0M347.1M
Accounts Payable462K2.4M648K372K427.8K406.4K
Cash24.0M95.5M64.7M31.9M18.1M17.2M
Other Assets(405.6M)(401.9M)(318.9M)(342.1M)(362.1M)(344.0M)
Net Receivables389K1.1M853K1.0M2.0M1.4M
Total Liab13.3M27.3M1.5M1.4M910K864.5K
Long Term Investments405.6M401.9M324.6M346.0M360.4M331.4M
Common Stock352.1M354.3M357.1M358.8M358.6M298.1M
Other Current Liab1.7M(648K)1.5M1.4M910K1.3M
Total Current Liabilities4.1M9.6M1.5M1.4M1.4M1.4M
Net Debt(24.0M)(95.5M)(64.7M)(31.2M)(18.1M)(19.1M)
Non Current Assets Total405.6M401.9M324.6M346.0M363.9M354.6M
Non Currrent Assets Other(405.6M)(401.9M)(5.7M)(3.9M)(362.1M)(344.0M)
Cash And Short Term Investments405.6M401.4M324.1M345.7M360.4M318.4M
Common Stock Shares Outstanding363.0M364.7M367.1M369.1M369.9M384.5M
Short Term Investments405.6M401.4M324.1M345.6M342.2M378.6M
Liabilities And Stockholders Equity432.1M498.7M397.2M384.8M383.1M441.1M
Inventory(405.6M)(401.4M)(324.1M)(345.6M)(311.1M)(326.6M)
Other Current Assets26.1M96.2M66.5M34.2M19.2M18.2M
Other Stockholder Equity(410.8M)(463.5M)(387.7M)(375.5M)1.01.05
Total Current Assets432.1M498.7M391.5M380.9M381.3M350.0M
Accumulated Other Comprehensive Income75.9M126.3M95.2M86.9M7.9M7.5M
Other Liab2.7M9.2M17.7M31K27.9K26.5K
Non Current Liabilities Total9.2M26.6M31K707K910K864.5K
Capital Stock352.1M354.3M357.1M358.8M358.6M390.8M

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