Premier Other Current Liab vs Total Current Assets Analysis

PFD Stock   191.60  3.60  1.91%   
Premier Foods financial indicator trend analysis is much more than just breaking down Premier Foods PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premier Foods PLC is a good investment. Please check the relationship between Premier Foods Other Current Liab and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Foods 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 bureau of economic analysis.

Other Current Liab vs Total Current Assets

Other Current Liab vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premier Foods PLC Other Current Liab account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Premier Foods' Other Current Liab and Total Current Assets is 0.68. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Premier Foods PLC, assuming nothing else is changed. The correlation between historical values of Premier Foods' Other Current Liab and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Premier Foods PLC are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Other Current Liab i.e., Premier Foods' Other Current Liab and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Premier Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premier Foods 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Foods 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 bureau of economic analysis.
At present, Premier Foods' Tax Provision is projected to increase significantly based on the last few years of reporting.
 2020 2021 2022 2023 (projected)
Interest Expense32.2M18M19.8M28.6M
Depreciation And Amortization49.5M46.2M45.5M45.3M

Premier Foods fundamental ratios Correlations

-0.060.430.240.630.34-0.150.460.080.340.180.020.340.57-0.260.4-0.03-0.31-0.070.450.230.07-0.18-0.13-0.06-0.02
-0.060.520.88-0.810.640.98-0.780.810.39-0.15-0.170.39-0.370.790.350.780.610.99-0.130.850.880.9-0.230.980.93
0.430.520.78-0.190.710.49-0.010.50.250.380.170.250.420.430.710.79-0.130.570.490.680.450.480.040.590.65
0.240.880.78-0.550.860.85-0.420.870.360.230.120.36-0.050.760.680.780.210.890.290.940.840.8-0.120.860.95
0.63-0.81-0.19-0.55-0.29-0.830.84-0.56-0.120.180.1-0.120.57-0.79-0.03-0.65-0.62-0.820.35-0.54-0.66-0.780.03-0.79-0.74
0.340.640.710.86-0.290.7-0.280.88-0.070.320.06-0.07-0.020.440.880.530.070.620.430.670.570.75-0.440.650.73
-0.150.980.490.85-0.830.7-0.820.840.18-0.14-0.210.18-0.420.750.390.750.610.96-0.140.760.830.96-0.340.970.91
0.46-0.78-0.01-0.420.84-0.28-0.82-0.53-0.060.580.55-0.060.68-0.470.05-0.46-0.91-0.740.57-0.37-0.6-0.790.45-0.79-0.56
0.080.810.50.87-0.560.880.84-0.530.080.230.110.08-0.410.70.70.540.290.770.240.760.710.88-0.420.770.85
0.340.390.250.36-0.12-0.070.18-0.060.08-0.10.11.00.110.4-0.080.360.170.410.040.620.50.020.430.330.38
0.18-0.150.380.230.180.32-0.140.580.23-0.10.92-0.10.250.320.50.09-0.8-0.110.770.2-0.12-0.050.35-0.190.17
0.02-0.170.170.120.10.06-0.210.550.110.10.920.10.120.420.250.0-0.75-0.120.610.19-0.08-0.170.57-0.250.13
0.340.390.250.36-0.12-0.070.18-0.060.081.0-0.10.10.110.4-0.080.360.170.410.040.620.50.020.430.330.38
0.57-0.370.42-0.050.57-0.02-0.420.68-0.410.110.250.120.11-0.390.20.01-0.6-0.30.48-0.03-0.17-0.50.43-0.3-0.21
-0.260.790.430.76-0.790.440.75-0.470.70.40.320.420.4-0.390.270.690.20.820.070.80.720.690.210.720.88
0.40.350.710.68-0.030.880.390.050.7-0.080.50.25-0.080.20.270.41-0.230.340.740.550.320.47-0.250.380.53
-0.030.780.790.78-0.650.530.75-0.460.540.360.090.00.360.010.690.410.260.810.130.750.590.720.040.840.81
-0.310.61-0.130.21-0.620.070.61-0.910.290.17-0.8-0.750.17-0.60.2-0.230.260.56-0.680.210.460.57-0.470.630.32
-0.070.990.570.89-0.820.620.96-0.740.770.41-0.11-0.120.41-0.30.820.340.810.56-0.110.860.90.87-0.140.980.94
0.45-0.130.490.290.350.43-0.140.570.240.040.770.610.040.480.070.740.13-0.68-0.110.3-0.07-0.060.22-0.120.17
0.230.850.680.94-0.540.670.76-0.370.760.620.20.190.62-0.030.80.550.750.210.860.30.870.660.110.80.94
0.070.880.450.84-0.660.570.83-0.60.710.5-0.12-0.080.5-0.170.720.320.590.460.9-0.070.870.66-0.020.830.87
-0.180.90.480.8-0.780.750.96-0.790.880.02-0.05-0.170.02-0.50.690.470.720.570.87-0.060.660.66-0.470.910.84
-0.13-0.230.04-0.120.03-0.44-0.340.45-0.420.430.350.570.430.430.21-0.250.04-0.47-0.140.220.11-0.02-0.47-0.27-0.02
-0.060.980.590.86-0.790.650.97-0.790.770.33-0.19-0.250.33-0.30.720.380.840.630.98-0.120.80.830.91-0.270.9
-0.020.930.650.95-0.740.730.91-0.560.850.380.170.130.38-0.210.880.530.810.320.940.170.940.870.84-0.020.9
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Premier Foods Account Relationship Matchups

Premier Foods fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B3.0B2.3B2.5B2.4B2.3B
Short Long Term Debt Total497.7M607.5M336.9M339.3M338.7M337.9M
Other Current Liab95.3M98M126.2M112.6M121M133.6M
Total Current Liabilities249.3M344.4M263.7M258.7M272.3M278.3M
Total Stockholder Equity962.8M1.7B1.2B1.5B1.4B1.3B
Property Plant And Equipment Net186M194M192.1M190.9M185.9M190.4M
Net Debt469.9M429.6M332.7M285M274.3M235.6M
Retained Earnings(872.7M)(156.6M)755.1M1.1B970.9M898.8M
Accounts Payable149.1M154M126.1M137.4M141.1M141.6M
Cash27.8M177.9M4.2M54.3M64.4M102.3M
Non Current Assets Total1.2B1.2B2.1B2.3B2.1B2.0B
Non Currrent Assets Other(1.2B)(1.2B)934.7M1.1B960.1M810M
Cash And Short Term Investments27.8M177.9M4.2M54.3M64.4M102.3M
Common Stock Shares Outstanding841.5M854.5M868.5M875.8M880.7M883.5M
Liabilities And Stockholders Equity2.2B3.0B2.3B2.5B2.4B2.3B
Non Current Liabilities Total497.7M501M827.6M767.9M727.6M726.8M
Inventory76.4M77.8M68M78.1M93.7M98.9M
Other Current Assets22.8M15.1M17.7M18.7M104.7M35.2M
Other Stockholder Equity1.4B1.4B(8.7M)(7.8M)(355.1M)341.2M
Total Liab1.3B1.3B1.1B1.0B999.9M1.0B
Property Plant And Equipment Gross186M194M192.1M466.8M478.2M496.4M
Total Current Assets194.8M335.9M156.5M231.3M262.8M316.9M
Intangible Assets366.4M341.3M317.2M293.5M294.4M289.6M
Long Term Debt497.7M501M315.2M323.2M324.4M325.7M
Net Receivables66.4M64M51.5M68.8M67.9M80.5M
Common Stock Total Equity84.1M84.5M84.8M85.5M27.6M47.5M
Common Stock84.5M84.8M85.5M86.3M86.8M86.9M
Net Invested Capital2.3B1.5B1.8B1.7B1.7B1.9B

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Other Information on Investing in Premier Stock

Balance Sheet is a snapshot of the financial position of Premier Foods PLC at a specified time, usually calculated after every quarter, six months, or one year. Premier Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Premier Foods and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Premier currently owns. An asset can also be divided into two categories, current and non-current.