Praxis Common Stock vs Short Term Debt Analysis

PRAX Stock

USD 74.68 0.18 0.24%

Praxis Precision financial indicator trend analysis is much more than just breaking down Praxis Precision Med prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praxis Precision Med is a good investment. Please check the relationship between Praxis Precision Common Stock and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Common Stock vs Short Term Debt

Common Stock vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Praxis Precision Med Common Stock account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Praxis Precision's Common Stock and Short Term Debt is 0.57. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Praxis Precision Medicines, assuming nothing else is changed. The correlation between historical values of Praxis Precision's Common Stock and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Praxis Precision Medicines are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock i.e., Praxis Precision's Common Stock and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

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Common Stock

Short Term Debt

Most indicators from Praxis Precision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praxis Precision Med 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 Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Enterprise Value is likely to rise to about 116.3 M in 2024, despite the fact that Tax Provision is likely to grow to (4.3 K).

	2023	2024 (projected)
Depreciation And Amortization	432K	240.9K
Interest Income	161K	155.8K

Depreciation And Amortization Interest Income

Praxis Precision fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Non Current Liabilities Other
Total Assets		0.87	0.76	1.0	0.74	0.98	0.68	-0.91	-0.48	0.53	0.92	0.62	-0.82	-0.07	1.0	0.75	0.49	0.95	0.81	0.72	0.74	0.98	0.65	1.0	0.47	-0.22
Other Current Liab	0.87		0.97	0.82	0.79	0.86	0.94	-0.62	-0.7	0.84	0.65	0.91	-0.59	-0.5	0.85	0.88	0.6	0.91	0.97	0.85	0.97	0.86	0.91	0.86	0.58	-0.28
Total Current Liabilities	0.76	0.97		0.69	0.75	0.75	0.95	-0.48	-0.73	0.95	0.52	0.93	-0.51	-0.6	0.73	0.86	0.57	0.86	0.99	0.84	1.0	0.75	0.92	0.75	0.55	-0.26
Total Stockholder Equity	1.0	0.82	0.69		0.7	0.97	0.61	-0.93	-0.42	0.45	0.95	0.54	-0.83	0.01	1.0	0.71	0.46	0.92	0.75	0.68	0.68	0.98	0.58	1.0	0.44	-0.2
Other Liab	0.74	0.79	0.75	0.7		0.71	0.83	-0.64	-0.82	0.61	0.68	0.79	-0.69	-0.47	0.73	0.84	0.79	0.86	0.71	0.79	0.75	0.69	0.85	0.73	0.77	-0.54
Net Tangible Assets	0.98	0.86	0.75	0.97	0.71		0.66	-0.9	-0.54	0.55	0.92	0.59	-0.87	-0.14	0.98	0.82	0.56	0.95	0.81	0.81	0.74	1.0	0.65	0.98	0.54	-0.26
Property Plant And Equipment Net	0.68	0.94	0.95	0.61	0.83	0.66		-0.39	-0.79	0.88	0.42	1.0	-0.4	-0.71	0.65	0.86	0.65	0.79	0.91	0.82	0.96	0.65	0.99	0.67	0.63	-0.34
Net Debt	-0.91	-0.62	-0.48	-0.93	-0.64	-0.9	-0.39		0.31	-0.26	-0.99	-0.3	0.93	-0.21	-0.92	-0.62	-0.38	-0.85	-0.56	-0.59	-0.46	-0.91	-0.38	-0.91	-0.36	0.13
Retained Earnings	-0.48	-0.7	-0.73	-0.42	-0.82	-0.54	-0.79	0.31		-0.72	-0.38	-0.77	0.53	0.81	-0.46	-0.87	-0.95	-0.69	-0.68	-0.88	-0.74	-0.52	-0.85	-0.47	-0.94	0.75
Accounts Payable	0.53	0.84	0.95	0.45	0.61	0.55	0.88	-0.26	-0.72		0.29	0.87	-0.35	-0.69	0.51	0.77	0.5	0.7	0.92	0.77	0.95	0.55	0.84	0.53	0.48	-0.22
Cash	0.92	0.65	0.52	0.95	0.68	0.92	0.42	-0.99	-0.38	0.29		0.34	-0.95	0.16	0.93	0.64	0.46	0.87	0.59	0.62	0.5	0.92	0.42	0.93	0.43	-0.23
Non Current Assets Total	0.62	0.91	0.93	0.54	0.79	0.59	1.0	-0.3	-0.77	0.87	0.34		-0.31	-0.75	0.59	0.82	0.62	0.73	0.88	0.78	0.95	0.58	0.98	0.61	0.6	-0.34
Non Currrent Assets Other	-0.82	-0.59	-0.51	-0.83	-0.69	-0.87	-0.4	0.93	0.53	-0.35	-0.95	-0.31		-0.02	-0.83	-0.71	-0.6	-0.86	-0.56	-0.72	-0.49	-0.86	-0.42	-0.82	-0.57	0.36
Other Assets	-0.07	-0.5	-0.6	0.01	-0.47	-0.14	-0.71	-0.21	0.81	-0.69	0.16	-0.75	-0.02		-0.05	-0.62	-0.68	-0.29	-0.51	-0.64	-0.63	-0.12	-0.76	-0.06	-0.69	0.53
Cash And Short Term Investments	1.0	0.85	0.73	1.0	0.73	0.98	0.65	-0.92	-0.46	0.51	0.93	0.59	-0.83	-0.05		0.74	0.48	0.94	0.79	0.71	0.72	0.98	0.63	1.0	0.46	-0.21
Common Stock Total Equity	0.75	0.88	0.86	0.71	0.84	0.82	0.86	-0.62	-0.87	0.77	0.64	0.82	-0.71	-0.62	0.74		0.79	0.9	0.84	0.99	0.86	0.8	0.9	0.75	0.78	-0.42
Common Stock Shares Outstanding	0.49	0.6	0.57	0.46	0.79	0.56	0.65	-0.38	-0.95	0.5	0.46	0.62	-0.6	-0.68	0.48	0.79		0.65	0.53	0.81	0.58	0.53	0.72	0.49	1.0	-0.88
Non Current Liabilities Total	0.95	0.91	0.86	0.92	0.86	0.95	0.79	-0.85	-0.69	0.7	0.87	0.73	-0.86	-0.29	0.94	0.9	0.65		0.88	0.88	0.85	0.95	0.79	0.94	0.62	-0.32
Other Current Assets	0.81	0.97	0.99	0.75	0.71	0.81	0.91	-0.56	-0.68	0.92	0.59	0.88	-0.56	-0.51	0.79	0.84	0.53	0.88		0.83	0.98	0.81	0.86	0.8	0.51	-0.21
Other Stockholder Equity	0.72	0.85	0.84	0.68	0.79	0.81	0.82	-0.59	-0.88	0.77	0.62	0.78	-0.72	-0.64	0.71	0.99	0.81	0.88	0.83		0.85	0.79	0.87	0.72	0.79	-0.45
Total Liab	0.74	0.97	1.0	0.68	0.75	0.74	0.96	-0.46	-0.74	0.95	0.5	0.95	-0.49	-0.63	0.72	0.86	0.58	0.85	0.98	0.85		0.74	0.93	0.73	0.56	-0.27
Net Invested Capital	0.98	0.86	0.75	0.98	0.69	1.0	0.65	-0.91	-0.52	0.55	0.92	0.58	-0.86	-0.12	0.98	0.8	0.53	0.95	0.81	0.79	0.74		0.64	0.98	0.51	-0.23
Property Plant And Equipment Gross	0.65	0.91	0.92	0.58	0.85	0.65	0.99	-0.38	-0.85	0.84	0.42	0.98	-0.42	-0.76	0.63	0.9	0.72	0.79	0.86	0.87	0.93	0.64		0.64	0.71	-0.41
Total Current Assets	1.0	0.86	0.75	1.0	0.73	0.98	0.67	-0.91	-0.47	0.53	0.93	0.61	-0.82	-0.06	1.0	0.75	0.49	0.94	0.8	0.72	0.73	0.98	0.64		0.46	-0.21
Capital Stock	0.47	0.58	0.55	0.44	0.77	0.54	0.63	-0.36	-0.94	0.48	0.43	0.6	-0.57	-0.69	0.46	0.78	1.0	0.62	0.51	0.79	0.56	0.51	0.71	0.46		-0.89
Non Current Liabilities Other	-0.22	-0.28	-0.26	-0.2	-0.54	-0.26	-0.34	0.13	0.75	-0.22	-0.23	-0.34	0.36	0.53	-0.21	-0.42	-0.88	-0.32	-0.21	-0.45	-0.27	-0.23	-0.41	-0.21	-0.89

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Praxis Precision Account Relationship Matchups

Praxis Precision fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	47.7M	303.2M	292.7M	115.1M	87.9M	158.9M
Other Current Liab	3.5M	10.9M	22.5M	14.8M	8.9M	11.4M
Total Current Liabilities	6.8M	15.7M	37.6M	35.5M	15.7M	21.4M
Total Stockholder Equity	40.1M	287.5M	250.8M	76.1M	69.7M	135.5M
Net Tangible Assets	(81.0M)	287.5M	250.8M	76.1M	87.5M	108.3M
Property Plant And Equipment Net	1.6M	836K	4.9M	3.9M	2.7M	2.5M
Net Debt	(43.4M)	(295.8M)	(134.4M)	(57.1M)	(78.8M)	(82.7M)
Retained Earnings	(81.0M)	(149.6M)	(316.6M)	(530.6M)	(653.9M)	(621.2M)
Accounts Payable	2.7M	4.1M	10.8M	14.7M	5.8M	7.6M
Cash	44.8M	296.6M	138.7M	61.6M	81.3M	117.5M
Non Current Assets Total	2.2M	851K	5.3M	4.3M	3.1M	3.0M
Non Currrent Assets Other	620K	15K	472K	416K	374.4K	338.5K
Other Assets	620K	769K	472K	416K	374.4K	460.3K
Cash And Short Term Investments	44.8M	296.6M	275.9M	100.5M	81.3M	149.8M
Common Stock Shares Outstanding	1.1M	2.6M	2.8M	3.1M	6.6M	6.9M
Liabilities And Stockholders Equity	47.7M	303.2M	292.7M	115.1M	87.9M	158.9M
Non Current Liabilities Total	763K	4.9M	4.3M	3.5M	2.5M	2.9M
Capital Lease Obligations	1.5M	763K	4.3M	3.5M	2.5M	2.3M
Other Current Assets	681K	5.7M	11.5M	10.4M	3.6M	6.1M
Other Stockholder Equity	(121.1M)	437.0M	567.6M	606.9M	723.6M	406.0M
Total Liab	7.6M	15.7M	41.9M	39.0M	18.3M	23.4M
Net Invested Capital	(81.0M)	287.5M	250.8M	76.1M	69.7M	103.0M
Property Plant And Equipment Gross	1.6M	836K	4.9M	3.9M	3.7M	2.7M
Total Current Assets	45.5M	302.3M	287.4M	110.8M	84.9M	155.8M
Accumulated Other Comprehensive Income	(38K)	(303.2M)	(176K)	(173K)	(155.7K)	(163.5K)
Net Working Capital	38.7M	286.6M	249.0M	76.5M	69.1M	134.5M
Property Plant Equipment	1.6M	836K	4.9M	971K	1.1M	1.8M

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Praxis Common Stock vs Short Term Debt Analysis

Common Stock vs Short Term Debt

Common Stock vs Short Term Debt Correlation Analysis

Correlation Coefficient

Common Stock

Short Term Debt

Praxis Precision fundamental ratios Correlations

Praxis Precision Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Praxis Precision fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity

Cash	- 0.99	Net Debt
Non Currrent Assets Other	- 0.95	Cash
Common Stock Shares Outstanding	- 0.95	Retained Earnings
Capital Stock	- 0.94	Retained Earnings
Net Debt	- 0.93	Total Stockholder Equity
Cash And Short Term Investments	- 0.92	Net Debt