| PKT Stock | | | CAD 0.67 0.01 1.52% |
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Net Debt and its Cash accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. 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.
Net Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Parkit Enterprise Net Debt account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Parkit Enterprise's Net Debt and Cash is 0.39. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Net 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 Net Debt of Parkit Enterprise 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 Net Debt i.e., Parkit Enterprise's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
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.
Cash
Cash refers to the most liquid asset of Parkit Enterprise, which is listed under current asset account on Parkit Enterprise balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Parkit Enterprise customers. The amounts must be unrestricted with restricted cash listed in a different Parkit Enterprise 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 Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. 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, Parkit Enterprise's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas
Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Parkit Enterprise fundamental ratios Correlations
Click cells to compare fundamentals
Parkit Enterprise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parkit Enterprise fundamental ratios Accounts
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Additional Tools for Parkit Stock Analysis
When running Parkit Enterprise's price analysis, check to
measure Parkit Enterprise'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 Parkit Enterprise is operating at the current time. Most of Parkit Enterprise's value examination focuses on studying past and present price action to
predict the probability of Parkit Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parkit Enterprise's price. Additionally, you may evaluate how the addition of Parkit Enterprise to your portfolios can decrease your overall portfolio volatility.