Primech Total Stockholder Equity vs Non Current Liabilities Total Analysis
| PMEC Stock | 0.76 0.01 1.33% |
Primech Holdings financial indicator trend analysis is much more than just breaking down Primech Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primech Holdings is a good investment. Please check the relationship between Primech Holdings Total Stockholder Equity and its Non Current Liabilities Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primech Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Total Stockholder Equity vs Non Current Liabilities Total
Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primech Holdings Total Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Primech Holdings' Total Stockholder Equity and Non Current Liabilities Total is -0.2. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Primech Holdings Ltd, assuming nothing else is changed. The correlation between historical values of Primech Holdings' Total Stockholder Equity and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Primech Holdings Ltd are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., Primech Holdings' Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | -0.2 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Non Current Liabilities Total
Most indicators from Primech Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primech Holdings 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 Primech Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. The current year's Tax Provision is expected to grow to about (468.4 K). In addition to that, Selling General Administrative is expected to decline to about 8.7 M
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 369.2K | 723.3K | 1.1M | 588.5K | Depreciation And Amortization | 3.1M | 3.7M | 3.9M | 3.3M |
Primech Holdings fundamental ratios Correlations
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Primech Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Primech Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Primech Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Primech Holdings Ltd Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Primech Holdings Ltd Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primech Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primech Holdings. If investors know Primech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primech Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 2.138 | Quarterly Revenue Growth 0.028 | Return On Assets (0.07) | Return On Equity (0.27) |
The market value of Primech Holdings is measured differently than its book value, which is the value of Primech that is recorded on the company's balance sheet. Investors also form their own opinion of Primech Holdings' value that differs from its market value or its book value, called intrinsic value, which is Primech Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primech Holdings' market value can be influenced by many factors that don't directly affect Primech Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primech Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primech Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primech Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.