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 Direction | Negative |
Relationship Strength | Insignificant |
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
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Platinum Asia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Platinum Asia fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 432.1M | 498.7M | 397.2M | 384.8M | 383.1M | 370.8M | |
Total Stockholder Equity | 418.8M | 471.4M | 395.6M | 383.4M | 382.2M | 359.4M | |
Net Tangible Assets | 393.3M | 418.8M | 471.4M | 395.6M | 455.0M | 347.1M | |
Accounts Payable | 462K | 2.4M | 648K | 372K | 427.8K | 406.4K | |
Cash | 24.0M | 95.5M | 64.7M | 31.9M | 18.1M | 17.2M | |
Other Assets | (405.6M) | (401.9M) | (318.9M) | (342.1M) | (362.1M) | (344.0M) | |
Net Receivables | 389K | 1.1M | 853K | 1.0M | 2.0M | 1.4M | |
Total Liab | 13.3M | 27.3M | 1.5M | 1.4M | 910K | 864.5K | |
Long Term Investments | 405.6M | 401.9M | 324.6M | 346.0M | 360.4M | 331.4M | |
Common Stock | 352.1M | 354.3M | 357.1M | 358.8M | 358.6M | 298.1M | |
Other Current Liab | 1.7M | (648K) | 1.5M | 1.4M | 910K | 1.3M | |
Total Current Liabilities | 4.1M | 9.6M | 1.5M | 1.4M | 1.4M | 1.4M | |
Net Debt | (24.0M) | (95.5M) | (64.7M) | (31.2M) | (18.1M) | (19.1M) | |
Non Current Assets Total | 405.6M | 401.9M | 324.6M | 346.0M | 363.9M | 354.6M | |
Non Currrent Assets Other | (405.6M) | (401.9M) | (5.7M) | (3.9M) | (362.1M) | (344.0M) | |
Cash And Short Term Investments | 405.6M | 401.4M | 324.1M | 345.7M | 360.4M | 318.4M | |
Common Stock Shares Outstanding | 363.0M | 364.7M | 367.1M | 369.1M | 369.9M | 384.5M | |
Short Term Investments | 405.6M | 401.4M | 324.1M | 345.6M | 342.2M | 378.6M | |
Liabilities And Stockholders Equity | 432.1M | 498.7M | 397.2M | 384.8M | 383.1M | 441.1M | |
Inventory | (405.6M) | (401.4M) | (324.1M) | (345.6M) | (311.1M) | (326.6M) | |
Other Current Assets | 26.1M | 96.2M | 66.5M | 34.2M | 19.2M | 18.2M | |
Other Stockholder Equity | (410.8M) | (463.5M) | (387.7M) | (375.5M) | 1.0 | 1.05 | |
Total Current Assets | 432.1M | 498.7M | 391.5M | 380.9M | 381.3M | 350.0M | |
Accumulated Other Comprehensive Income | 75.9M | 126.3M | 95.2M | 86.9M | 7.9M | 7.5M | |
Other Liab | 2.7M | 9.2M | 17.7M | 31K | 27.9K | 26.5K | |
Non Current Liabilities Total | 9.2M | 26.6M | 31K | 707K | 910K | 864.5K | |
Capital Stock | 352.1M | 354.3M | 357.1M | 358.8M | 358.6M | 390.8M |
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When running Platinum Asia's price analysis, check to measure Platinum Asia's 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 Platinum Asia is operating at the current time. Most of Platinum Asia's value examination focuses on studying past and present price action to predict the probability of Platinum Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Platinum Asia's price. Additionally, you may evaluate how the addition of Platinum Asia to your portfolios can decrease your overall portfolio volatility.