Prime Good Will vs Total Current Liabilities Analysis

PFOCUS Stock   124.15  2.37  1.87%   
Prime Focus financial indicator trend analysis is much more than just breaking down Prime Focus Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prime Focus Limited is a good investment. Please check the relationship between Prime Focus Good Will and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prime Focus Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prime Focus Limited Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Prime Focus' Good Will and Total Current Liabilities is 0.8. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Prime Focus Limited, assuming nothing else is changed. The correlation between historical values of Prime Focus' Good Will and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Prime Focus Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Good Will i.e., Prime Focus' Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Liabilities

Total Current Liabilities is an item on Prime Focus balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Prime Focus Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Prime Focus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prime Focus Limited 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 Prime Focus Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
At present, Prime Focus' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 17 M, whereas Tax Provision is projected to grow to (933 M).
 2021 2022 2023 2024 (projected)
Gross Profit31.6B43.0B35.7B20.0B
Total Revenue33.7B46.3B39.3B23.9B

Prime Focus fundamental ratios Correlations

0.970.690.7-0.210.830.97-0.750.690.610.840.790.540.760.570.40.930.430.270.990.960.610.5-0.720.610.66
0.970.580.71-0.390.831.0-0.760.560.680.810.810.560.680.510.410.910.40.250.990.950.490.54-0.710.670.56
0.690.580.27-0.020.430.61-0.320.560.150.50.720.50.440.130.490.730.05-0.060.670.70.44-0.14-0.740.090.35
0.70.710.27-0.280.870.68-0.850.710.90.850.490.260.80.630.020.450.250.270.730.550.680.68-0.10.940.65
-0.21-0.39-0.02-0.28-0.22-0.390.440.19-0.37-0.19-0.5-0.48-0.060.0-0.41-0.310.130.04-0.34-0.20.17-0.30.26-0.360.12
0.830.830.430.87-0.220.81-0.770.810.810.950.70.580.810.650.390.70.210.240.840.710.710.62-0.430.740.65
0.971.00.610.68-0.390.81-0.740.560.630.790.830.570.670.490.430.930.40.250.990.960.480.51-0.750.640.56
-0.75-0.76-0.32-0.850.44-0.77-0.74-0.59-0.77-0.86-0.63-0.5-0.89-0.73-0.32-0.62-0.45-0.47-0.8-0.58-0.65-0.710.26-0.79-0.72
0.690.560.560.710.190.810.56-0.590.510.840.510.370.810.620.260.530.220.170.650.550.850.4-0.310.480.73
0.610.680.150.9-0.370.810.63-0.770.510.720.440.340.660.530.080.390.050.150.650.490.520.67-0.070.910.45
0.840.810.50.85-0.190.950.79-0.860.840.720.730.610.940.730.450.730.350.390.850.690.790.59-0.430.680.8
0.790.810.720.49-0.50.70.83-0.630.510.440.730.840.550.390.770.870.070.090.830.740.370.2-0.760.380.35
0.540.560.50.26-0.480.580.57-0.50.370.340.610.840.450.360.970.71-0.070.10.590.450.330.18-0.640.120.27
0.760.680.440.8-0.060.810.67-0.890.810.660.940.550.450.750.30.610.490.50.750.570.840.59-0.280.630.88
0.570.510.130.630.00.650.49-0.730.620.530.730.390.360.750.230.420.480.730.550.380.70.6-0.080.560.79
0.40.410.490.02-0.410.390.43-0.320.260.080.450.770.970.30.230.65-0.090.070.450.340.210.01-0.66-0.130.17
0.930.910.730.45-0.310.70.93-0.620.530.390.730.870.710.610.420.650.370.220.930.930.430.35-0.90.340.52
0.430.40.050.250.130.210.4-0.450.220.050.350.07-0.070.490.48-0.090.370.750.390.390.420.36-0.210.270.69
0.270.25-0.060.270.040.240.25-0.470.170.150.390.090.10.50.730.070.220.750.260.160.50.30.00.270.73
0.990.990.670.73-0.340.840.99-0.80.650.650.850.830.590.750.550.450.930.390.260.940.580.54-0.720.640.63
0.960.950.70.55-0.20.710.96-0.580.550.490.690.740.450.570.380.340.930.390.160.940.430.38-0.820.490.51
0.610.490.440.680.170.710.48-0.650.850.520.790.370.330.840.70.210.430.420.50.580.430.44-0.150.510.88
0.50.54-0.140.68-0.30.620.51-0.710.40.670.590.20.180.590.60.010.350.360.30.540.380.44-0.040.670.52
-0.72-0.71-0.74-0.10.26-0.43-0.750.26-0.31-0.07-0.43-0.76-0.64-0.28-0.08-0.66-0.9-0.210.0-0.72-0.82-0.15-0.040.01-0.24
0.610.670.090.94-0.360.740.64-0.790.480.910.680.380.120.630.56-0.130.340.270.270.640.490.510.670.010.5
0.660.560.350.650.120.650.56-0.720.730.450.80.350.270.880.790.170.520.690.730.630.510.880.52-0.240.5
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Prime Focus Account Relationship Matchups

Prime Focus fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets50.1B53.6B56.8B67.8B71.3B74.8B
Short Long Term Debt Total34.9B40.2B41.0B48.9B48.6B51.0B
Other Current Liab5.3M3.1B5.6B8.0B8.2B8.6B
Total Current Liabilities25.1B32.5B33.8B16.5B23.4B12.4B
Total Stockholder Equity3.9B2.7B1.1B251.8M5.2B4.1B
Property Plant And Equipment Net14.3B14.4B13.7B15.2B14.3B8.1B
Net Debt31.2B35.4B38.6B47.4B47.2B49.6B
Retained Earnings(8.3B)(8.7B)(10.4B)(9.0B)(5.4B)(5.1B)
Accounts Payable2.0B2.0B2.3B2.3B2.5B1.4B
Cash2.6B3.7B2.4B1.5B1.4B1.1B
Non Current Assets Total33.8B35.9B38.7B44.5B40.1B20.8B
Non Currrent Assets Other2.4B4.4B9.5B15.1B7.0B7.4B
Cash And Short Term Investments2.6B3.8B2.4B15.7B2.9B2.5B
Good Will10.8B10.7B11.0B11.7B11.9B6.4B
Short Term Investments43M114.9M18.4M14.1B1.5B1.5B
Liabilities And Stockholders Equity50.1B53.6B56.8B67.8B71.3B74.8B
Non Current Liabilities Total20.3B17.6B21.1B49.7B40.1B42.1B
Other Current Assets3.7B2.0B2.8B2.4B5.8B6.1B
Total Liab45.4B50.2B54.9B66.3B63.5B66.7B
Total Current Assets16.4B17.7B18.1B23.3B31.2B32.7B
Accumulated Other Comprehensive Income2.8B1.9B2.1B(182.4M)(1.0B)(1.1B)
Current Deferred Revenue7.6B3.9B2.9B2.5B2.3B2.5B
Short Term Debt15.5B23.4B22.6B6.0B10.1B9.3B
Intangible Assets5.1B5.3B5.0B5.2B6.8B4.3B
Net Receivables10.1B12.0B12.9B18.4B22.4B23.5B
Other Liab976M906.8M1.4B5.5B5.0B5.2B
Net Tangible Assets(12.0B)(13.3B)(14.9B)(16.7B)(15.0B)(15.8B)
Other Assets4.0B5.9B9.4B925.9M1.1B1.0B
Long Term Debt11.9B7.0B10.3B34.7B31.5B33.1B
Short Long Term Debt13.8B19.4B20.3B4.1B7.8B9.9B
Property Plant Equipment13.8B14.0B13.2B15.2B17.5B11.5B
Long Term Debt Total19.3B16.7B18.4B42.9B49.3B51.8B
Capital Surpluse9.2B9.2B9.2B9.2B8.3B7.4B
Capital Lease Obligations9.2B11.3B10.4B10.1B9.3B7.9B
Non Current Liabilities Other7.5M5.0M4.5M3.7M2.0M1.9M

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Other Information on Investing in Prime Stock

Balance Sheet is a snapshot of the financial position of Prime Focus Limited at a specified time, usually calculated after every quarter, six months, or one year. Prime Focus Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prime Focus 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 Prime currently owns. An asset can also be divided into two categories, current and non-current.