Premier Long Term Debt vs Cash Analysis

PHA Stock

CAD 0.14 0.01 6.67%

Premier Health financial indicator trend analysis is much more than just breaking down Premier Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premier Health is a good investment. Please check the relationship between Premier Health Long Term Debt and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Health of. 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.

Long Term Debt vs Cash

Long Term Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premier Health Long Term Debt account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Premier Health's Long Term Debt and Cash is 0.67. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Premier Health of, assuming nothing else is changed. The correlation between historical values of Premier Health's Long Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Premier Health of are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., Premier Health's Long Term Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that Premier Health has held for over one year. Long-term debt appears on Premier Health of balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Premier Health of balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash

Cash refers to the most liquid asset of Premier Health, which is listed under current asset account on Premier Health of balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Premier Health customers. The amounts must be unrestricted with restricted cash listed in a different Premier Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Premier Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premier Health 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 Health of. 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, Premier Health's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 1.1 M in 2024.

	2023	2024 (projected)
Tax Provision	1.3M	1.1M
Interest Income	2.1K	1.9K

Tax Provision Interest Income

Premier Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Capital Stock	Property Plant And Equipment Net	Net Debt	Other Assets	Long Term Debt	Good Will	Capital Lease Obligations	Other Stockholder Equity	Property Plant And Equipment Gross
Total Assets		0.69	0.99	0.98	-0.95	0.6	0.95	0.7	0.99	0.89	-0.65	1.0	1.0	1.0	1.0	0.99	0.89	0.99	0.92	0.93	0.96	0.96	0.97	0.89	0.95	0.92
Other Current Liab	0.69		0.73	0.71	-0.74	0.74	0.47	0.95	0.62	0.68	-0.45	0.68	0.69	0.68	0.64	0.68	0.67	0.68	0.49	0.63	0.72	0.7	0.76	0.33	0.72	0.51
Total Current Liabilities	0.99	0.73		0.96	-0.96	0.6	0.94	0.72	0.99	0.87	-0.69	0.99	0.99	1.0	0.99	0.97	0.85	0.97	0.89	0.93	0.94	0.95	0.96	0.88	0.95	0.9
Total Stockholder Equity	0.98	0.71	0.96		-0.91	0.71	0.89	0.77	0.95	0.92	-0.66	0.97	0.99	0.97	0.96	1.0	0.93	1.0	0.9	0.9	0.96	0.93	0.97	0.82	0.94	0.88
Net Tangible Assets	-0.95	-0.74	-0.96	-0.91		-0.49	-0.9	-0.67	-0.95	-0.79	0.58	-0.96	-0.95	-0.96	-0.95	-0.93	-0.83	-0.93	-0.89	-0.95	-0.94	-0.97	-0.96	-0.85	-0.95	-0.9
Retained Earnings	0.6	0.74	0.6	0.71	-0.49		0.35	0.89	0.49	0.68	-0.66	0.55	0.61	0.55	0.53	0.66	0.67	0.66	0.4	0.41	0.62	0.5	0.61	0.23	0.54	0.37
Accounts Payable	0.95	0.47	0.94	0.89	-0.9	0.35		0.46	0.98	0.79	-0.6	0.96	0.94	0.96	0.97	0.92	0.76	0.92	0.92	0.92	0.86	0.91	0.88	0.98	0.88	0.92
Cash	0.7	0.95	0.72	0.77	-0.67	0.89	0.46		0.61	0.76	-0.51	0.67	0.71	0.67	0.64	0.72	0.74	0.72	0.49	0.58	0.73	0.67	0.75	0.31	0.7	0.49
Net Receivables	0.99	0.62	0.99	0.95	-0.95	0.49	0.98	0.61		0.84	-0.64	1.0	0.99	1.0	1.0	0.97	0.83	0.97	0.92	0.94	0.92	0.95	0.94	0.94	0.94	0.93
Common Stock Shares Outstanding	0.89	0.68	0.87	0.92	-0.79	0.68	0.79	0.76	0.84		-0.68	0.87	0.89	0.87	0.86	0.9	0.95	0.9	0.87	0.87	0.93	0.89	0.91	0.7	0.91	0.86
Other Current Assets	-0.65	-0.45	-0.69	-0.66	0.58	-0.66	-0.6	-0.51	-0.64	-0.68		-0.63	-0.65	-0.65	-0.63	-0.65	-0.59	-0.66	-0.58	-0.57	-0.61	-0.58	-0.61	-0.54	-0.59	-0.57
Total Liab	1.0	0.68	0.99	0.97	-0.96	0.55	0.96	0.67	1.0	0.87	-0.63		1.0	1.0	1.0	0.98	0.86	0.98	0.92	0.94	0.94	0.96	0.96	0.91	0.95	0.92
Net Invested Capital	1.0	0.69	0.99	0.99	-0.95	0.61	0.94	0.71	0.99	0.89	-0.65	1.0		1.0	0.99	0.99	0.89	0.99	0.92	0.93	0.96	0.95	0.97	0.89	0.95	0.92
Total Current Assets	1.0	0.68	1.0	0.97	-0.96	0.55	0.96	0.67	1.0	0.87	-0.65	1.0	1.0		1.0	0.98	0.86	0.98	0.91	0.94	0.94	0.96	0.96	0.91	0.95	0.92
Net Working Capital	1.0	0.64	0.99	0.96	-0.95	0.53	0.97	0.64	1.0	0.86	-0.63	1.0	0.99	1.0		0.98	0.85	0.98	0.93	0.94	0.94	0.95	0.96	0.93	0.95	0.93
Common Stock	0.99	0.68	0.97	1.0	-0.93	0.66	0.92	0.72	0.97	0.9	-0.65	0.98	0.99	0.98	0.98		0.92	1.0	0.92	0.91	0.96	0.94	0.97	0.86	0.95	0.91
Property Plant Equipment	0.89	0.67	0.85	0.93	-0.83	0.67	0.76	0.74	0.83	0.95	-0.59	0.86	0.89	0.86	0.85	0.92		0.92	0.91	0.89	0.97	0.92	0.95	0.7	0.94	0.9
Capital Stock	0.99	0.68	0.97	1.0	-0.93	0.66	0.92	0.72	0.97	0.9	-0.66	0.98	0.99	0.98	0.98	1.0	0.92		0.92	0.91	0.96	0.94	0.97	0.86	0.95	0.91
Property Plant And Equipment Net	0.92	0.49	0.89	0.9	-0.89	0.4	0.92	0.49	0.92	0.87	-0.58	0.92	0.92	0.91	0.93	0.92	0.91	0.92		0.97	0.95	0.96	0.93	0.9	0.96	1.0
Net Debt	0.93	0.63	0.93	0.9	-0.95	0.41	0.92	0.58	0.94	0.87	-0.57	0.94	0.93	0.94	0.94	0.91	0.89	0.91	0.97		0.96	0.99	0.96	0.88	0.99	0.99
Other Assets	0.96	0.72	0.94	0.96	-0.94	0.62	0.86	0.73	0.92	0.93	-0.61	0.94	0.96	0.94	0.94	0.96	0.97	0.96	0.95	0.96		0.98	0.99	0.8	0.99	0.95
Long Term Debt	0.96	0.7	0.95	0.93	-0.97	0.5	0.91	0.67	0.95	0.89	-0.58	0.96	0.95	0.96	0.95	0.94	0.92	0.94	0.96	0.99	0.98		0.99	0.85	1.0	0.97
Good Will	0.97	0.76	0.96	0.97	-0.96	0.61	0.88	0.75	0.94	0.91	-0.61	0.96	0.97	0.96	0.96	0.97	0.95	0.97	0.93	0.96	0.99	0.99		0.81	0.99	0.94
Capital Lease Obligations	0.89	0.33	0.88	0.82	-0.85	0.23	0.98	0.31	0.94	0.7	-0.54	0.91	0.89	0.91	0.93	0.86	0.7	0.86	0.9	0.88	0.8	0.85	0.81		0.83	0.9
Other Stockholder Equity	0.95	0.72	0.95	0.94	-0.95	0.54	0.88	0.7	0.94	0.91	-0.59	0.95	0.95	0.95	0.95	0.95	0.94	0.95	0.96	0.99	0.99	1.0	0.99	0.83		0.96
Property Plant And Equipment Gross	0.92	0.51	0.9	0.88	-0.9	0.37	0.92	0.49	0.93	0.86	-0.57	0.92	0.92	0.92	0.93	0.91	0.9	0.91	1.0	0.99	0.95	0.97	0.94	0.9	0.96

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Premier Health Account Relationship Matchups

Premier Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7M	39.1M	57.1M	56.7M	65.2M	68.5M
Other Current Liab	313.5K	1.1M	5.2M	1.1M	1.3M	1.2M
Total Current Liabilities	3.4M	6.6M	12.6M	11.3M	13.0M	13.6M
Total Stockholder Equity	3.9M	17.3M	18.5M	16.4M	18.9M	19.8M
Net Tangible Assets	147.5K	2.6M	(2.4M)	(8.8M)	(7.9M)	(7.5M)
Retained Earnings	1.5M	3.0M	2.9M	1.0M	1.2M	1.8M
Accounts Payable	624.8K	1.1M	1.9M	3.7M	4.2M	4.5M
Cash	1.2M	2.7M	5.1M	1.1M	1.3M	1.7M
Non Current Assets Total	3.4M	24.6M	31.7M	30.6M	35.2M	37.0M
Net Receivables	4.0M	10.8M	19.3M	23.0M	26.4M	27.8M
Common Stock Shares Outstanding	39.0M	53.9M	56.1M	55.4M	63.7M	34.3M
Non Current Liabilities Total	1.4M	15.2M	26.1M	29.0M	33.3M	35.0M
Other Current Assets	142.9K	154.2K	146.9K	156.7K	141.1K	134.1K
Total Liab	4.9M	21.8M	38.6M	40.3M	46.3M	48.6M
Net Invested Capital	6.4M	28.5M	40.3M	39.9M	45.9M	48.2M
Total Current Assets	5.4M	14.6M	25.4M	26.1M	30.0M	31.5M
Net Working Capital	2.0M	8.0M	12.8M	14.8M	17.0M	17.8M
Property Plant Equipment	1.7M	2.0M	4.7M	4.2M	4.8M	2.9M
Capital Stock	1.9M	13.5M	14.4M	14.3M	16.4M	17.2M

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