Patriot Total Current Liabilities vs Total Assets Analysis

PNBK Stock

USD 1.09 0.04 3.54%

Patriot National financial indicator trend analysis is much more than just breaking down Patriot National Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patriot National Bancorp is a good investment. Please check the relationship between Patriot National Total Current Liabilities and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot National Bancorp. 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 labor statistics.

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patriot National Bancorp Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Patriot National's Total Current Liabilities and Total Assets is -0.29. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Patriot National Bancorp, assuming nothing else is changed. The correlation between historical values of Patriot National's Total Current Liabilities and Total 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 Total Current Liabilities of Patriot National Bancorp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Patriot National's Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Patriot National balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Patriot National Bancorp 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.

Total Assets

Total assets refers to the total amount of Patriot National assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Patriot National Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Patriot National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patriot National Bancorp 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 Patriot National Bancorp. 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 labor statistics.

Enterprise Value is expected to rise to about 154.8 M this year, although the value of Selling General Administrative will most likely fall to about 10.9 M.

	2022	2023	2024	2025 (projected)
Interest Expense	10.8M	30.5M	35.0M	36.8M
Depreciation And Amortization	1.3M	1.2M	1.4M	890.0K

Interest Expense Depreciation And Amortization

Patriot National fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Net Receivables	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Good Will	Common Stock Total Equity	Short Term Investments	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.87	0.54	0.78	0.87	-0.26	0.14	-0.22	-0.22	0.31	0.18	0.81	0.69	-0.4	0.64	-0.31	0.19	0.74	-0.27	0.63	0.77	-0.01	0.74	-0.04	-0.06	0.88
Short Long Term Debt Total	0.87		0.39	0.8	0.95	-0.19	0.32	-0.27	-0.26	0.41	0.1	0.7	0.69	-0.27	0.7	-0.41	-0.04	0.59	-0.44	0.6	0.7	-0.26	0.58	-0.22	-0.18	0.85
Total Stockholder Equity	0.54	0.39		0.67	0.26	-0.42	0.51	-0.25	-0.25	0.21	0.77	0.74	-0.14	0.17	0.12	-0.21	0.1	0.12	0.25	-0.06	-0.03	0.14	0.12	-0.05	0.06	0.45
Property Plant And Equipment Net	0.78	0.8	0.67		0.8	-0.01	0.2	-0.32	-0.32	0.5	0.35	0.61	0.38	-0.3	0.37	-0.5	0.12	0.53	-0.4	0.4	0.37	0.19	0.53	-0.42	-0.11	0.9
Net Debt	0.87	0.95	0.26	0.8		-0.04	0.01	-0.23	-0.22	0.43	-0.09	0.58	0.77	-0.5	0.61	-0.44	0.03	0.75	-0.55	0.72	0.78	-0.12	0.75	-0.24	-0.23	0.91
Retained Earnings	-0.26	-0.19	-0.42	-0.01	-0.04		-0.46	-0.51	-0.51	0.52	-0.36	-0.72	-0.08	-0.44	-0.26	-0.52	0.2	0.11	-0.62	0.13	-0.07	0.56	0.12	-0.27	0.11	0.03
Cash	0.14	0.32	0.51	0.2	0.01	-0.46		-0.18	-0.18	0.02	0.63	0.48	-0.15	0.62	0.33	-0.01	-0.19	-0.37	0.25	-0.27	-0.15	-0.41	-0.38	-0.01	0.11	0.0
Non Current Assets Total	-0.22	-0.27	-0.25	-0.32	-0.23	-0.51	-0.18		1.0	-0.85	-0.07	0.05	0.1	0.27	-0.03	0.85	-0.1	-0.23	0.33	-0.22	-0.16	-0.28	-0.23	-0.11	-0.22	-0.3
Non Currrent Assets Other	-0.22	-0.26	-0.25	-0.32	-0.22	-0.51	-0.18	1.0		-0.85	-0.07	0.05	0.1	0.27	-0.03	0.85	-0.1	-0.22	0.32	-0.22	-0.15	-0.28	-0.22	-0.12	-0.23	-0.3
Other Assets	0.31	0.41	0.21	0.5	0.43	0.52	0.02	-0.85	-0.85		-0.1	-0.02	0.09	-0.37	0.1	-1.0	0.1	0.33	-0.56	0.33	0.21	0.28	0.33	0.13	0.24	0.48
Cash And Short Term Investments	0.18	0.1	0.77	0.35	-0.09	-0.36	0.63	-0.07	-0.07	-0.1		0.49	-0.33	0.3	-0.12	0.1	0.04	-0.1	0.24	-0.16	-0.22	0.12	-0.1	-0.24	-0.09	0.16
Common Stock Shares Outstanding	0.81	0.7	0.74	0.61	0.58	-0.72	0.48	0.05	0.05	-0.02	0.49		0.41	0.07	0.56	0.02	0.05	0.36	0.18	0.29	0.45	-0.3	0.35	0.07	-0.11	0.59
Non Current Liabilities Total	0.69	0.69	-0.14	0.38	0.77	-0.08	-0.15	0.1	0.1	0.09	-0.33	0.41		-0.48	0.77	-0.09	0.36	0.67	-0.56	0.77	0.83	-0.25	0.67	-0.09	-0.24	0.65
Other Stockholder Equity	-0.4	-0.27	0.17	-0.3	-0.5	-0.44	0.62	0.27	0.27	-0.37	0.3	0.07	-0.48		0.07	0.37	-0.31	-0.89	0.56	-0.78	-0.66	-0.41	-0.89	0.15	0.3	-0.6
Total Liab	0.64	0.7	0.12	0.37	0.61	-0.26	0.33	-0.03	-0.03	0.1	-0.12	0.56	0.77	0.07		-0.1	0.25	0.21	-0.28	0.41	0.57	-0.42	0.21	0.04	0.11	0.46
Total Current Assets	-0.31	-0.41	-0.21	-0.5	-0.44	-0.52	-0.01	0.85	0.85	-1.0	0.1	0.02	-0.09	0.37	-0.1		-0.1	-0.33	0.56	-0.33	-0.21	-0.28	-0.33	-0.12	-0.24	-0.48
Net Receivables	0.19	-0.04	0.1	0.12	0.03	0.2	-0.19	-0.1	-0.1	0.1	0.04	0.05	0.36	-0.31	0.25	-0.1		0.28	-0.29	0.32	0.12	0.28	0.28	-0.01	-0.11	0.23
Common Stock	0.74	0.59	0.12	0.53	0.75	0.11	-0.37	-0.23	-0.22	0.33	-0.1	0.36	0.67	-0.89	0.21	-0.33	0.28		-0.49	0.84	0.82	0.23	1.0	-0.1	-0.33	0.8
Other Liab	-0.27	-0.44	0.25	-0.4	-0.55	-0.62	0.25	0.33	0.32	-0.56	0.24	0.18	-0.56	0.56	-0.28	0.56	-0.29	-0.49		-0.66	-0.44	-0.16	-0.49	0.35	0.17	-0.56
Accounts Payable	0.63	0.6	-0.06	0.4	0.72	0.13	-0.27	-0.22	-0.22	0.33	-0.16	0.29	0.77	-0.78	0.41	-0.33	0.32	0.84	-0.66		0.88	0.03	0.84	-0.1	-0.32	0.75
Long Term Debt	0.77	0.7	-0.03	0.37	0.78	-0.07	-0.15	-0.16	-0.15	0.21	-0.22	0.45	0.83	-0.66	0.57	-0.21	0.12	0.82	-0.44	0.88		-0.13	0.82	0.07	-0.17	0.71
Good Will	-0.01	-0.26	0.14	0.19	-0.12	0.56	-0.41	-0.28	-0.28	0.28	0.12	-0.3	-0.25	-0.41	-0.42	-0.28	0.28	0.23	-0.16	0.03	-0.13		0.23	-0.17	0.39	0.15
Common Stock Total Equity	0.74	0.58	0.12	0.53	0.75	0.12	-0.38	-0.23	-0.22	0.33	-0.1	0.35	0.67	-0.89	0.21	-0.33	0.28	1.0	-0.49	0.84	0.82	0.23		-0.1	-0.33	0.8
Short Term Investments	-0.04	-0.22	-0.05	-0.42	-0.24	-0.27	-0.01	-0.11	-0.12	0.13	-0.24	0.07	-0.09	0.15	0.04	-0.12	-0.01	-0.1	0.35	-0.1	0.07	-0.17	-0.1		0.48	-0.31
Other Current Assets	-0.06	-0.18	0.06	-0.11	-0.23	0.11	0.11	-0.22	-0.23	0.24	-0.09	-0.11	-0.24	0.3	0.11	-0.24	-0.11	-0.33	0.17	-0.32	-0.17	0.39	-0.33	0.48		-0.21
Property Plant And Equipment Gross	0.88	0.85	0.45	0.9	0.91	0.03	0.0	-0.3	-0.3	0.48	0.16	0.59	0.65	-0.6	0.46	-0.48	0.23	0.8	-0.56	0.75	0.71	0.15	0.8	-0.31	-0.21

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Patriot National Account Relationship Matchups

Patriot National fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	880.7M	948.5M	1.0B	1.1B	1.3B	1.3B
Short Long Term Debt Total	120.8M	120.7M	115.2M	201.1M	231.3M	242.8M
Total Stockholder Equity	63.2M	67.3M	59.6M	44.4M	51.0M	44.9M
Property Plant And Equipment Net	33.4M	31.5M	30.6M	29.9M	34.4M	36.1M
Net Debt	86.2M	73.7M	76.7M	148.6M	170.9M	179.4M
Retained Earnings	(42.6M)	(37.5M)	(31.3M)	(47.0M)	(42.3M)	(40.2M)
Cash	34.6M	47.0M	38.5M	52.5M	60.4M	41.7M
Non Current Assets Total	88.6M	131.7M	47.5M	1.0B	1.2B	800.0M
Non Currrent Assets Other	(11.5M)	(12.1M)	(89.0M)	870.5M	1.0B	1.1B
Other Assets	701.6M	669.6M	60.9M	22.6M	20.3M	21.4M
Cash And Short Term Investments	83.9M	141.4M	89.7M	52.5M	60.4M	59.2M
Common Stock Shares Outstanding	3.9M	4.0M	3.9M	4.0M	4.6M	4.8M
Liabilities And Stockholders Equity	880.7M	948.5M	1.0B	1.1B	1.3B	1.3B
Non Current Liabilities Total	120.8M	120.7M	983.8M	1.0B	1.2B	1.3B
Other Stockholder Equity	(42.6M)	(1.6M)	(15.6M)	(1.0)	(1.15)	(1.09)
Total Liab	120.8M	120.7M	983.8M	1.0B	1.2B	1.3B
Total Current Assets	90.5M	147.2M	935.0M	52.5M	60.4M	57.4M
Net Receivables	6.6M	5.8M	845.3M	7.2M	8.3M	7.9M
Accumulated Other Comprehensive Income	(518K)	(1.6M)	(15.6M)	(15.3M)	(13.7M)	(13.0M)
Common Stock	106.3M	106.5M	106.6M	106.7M	122.7M	128.8M
Other Liab	3.7M	3.8M	1.1M	886K	1.0M	968.0K
Accounts Payable	8.7M	685.7M	748.6M	860.4M	989.5M	1.0B
Long Term Debt	120.8M	120.7M	115.2M	201.1M	231.3M	242.8M
Short Term Investments	49.3M	94.3M	84.5M	89.2M	80.3M	76.3M
Other Current Assets	43.2M	52.9M	45.8M	76.6M	68.9M	65.5M
Property Plant And Equipment Gross	49.2M	47.3M	47.7M	48.0M	55.2M	58.0M
Intangible Assets	343K	296K	249K	203K	182.7K	173.6K
Property Plant Equipment	34.6M	33.4M	31.5M	32.9M	37.8M	39.7M
Total Current Liabilities	172.0M	239.8M	326.0M	4.5M	4.1M	3.9M
Short Term Debt	12.8M	12.7M	55.8M	171.8M	197.6M	207.5M
Inventory	(43.2M)	(52.9M)	792.2M	(59.7M)	(68.7M)	(65.3M)
Other Current Liab	159.2M	227.1M	270.2M	4.5M	4.1M	3.9M
Net Tangible Assets	65.3M	61.8M	65.9M	58.2M	67.0M	65.0M
Long Term Investments	53.7M	98.8M	89.0M	93.6M	107.7M	113.1M

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When determining whether Patriot National Bancorp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Patriot Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Patriot National Bancorp Stock. Highlighted below are key reports to facilitate an investment decision about Patriot National Bancorp Stock:

How To Invest In Patriot

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Is Patriot Stock a good investment?

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What is Patriot National's Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot National Bancorp. 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 labor statistics.

You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Is Regional Banks 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 Patriot National. If investors know Patriot 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 Patriot National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.48)

Earnings Share

(7.40)

Revenue Per Share

6.871

Quarterly Revenue Growth

1.025

Return On Assets

(0.03)

The market value of Patriot National Bancorp is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot National's value that differs from its market value or its book value, called intrinsic value, which is Patriot National's 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 Patriot National's market value can be influenced by many factors that don't directly affect Patriot National's 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 Patriot National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot National's 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.

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Patriot Total Current Liabilities vs Total Assets Analysis

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Total Assets

Patriot National fundamental ratios Correlations

Patriot National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patriot National fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 1.0	Non Current Assets Total
Common Stock Total Equity	+ 1.0	Common Stock
Net Debt	+ 0.95	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 0.91	Net Debt
Property Plant And Equipment Gross	+ 0.9	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.88	Total Assets

Total Current Assets	- 1.0	Other Assets
Common Stock Total Equity	- 0.89	Other Stockholder Equity
Common Stock	- 0.89	Other Stockholder Equity
Other Assets	- 0.85	Non Currrent Assets Other
Other Assets	- 0.85	Non Current Assets Total
Accounts Payable	- 0.78	Other Stockholder Equity