| PREM Stock | | | 0.05 0.01 17.20% |
Premier African financial indicator trend analysis is much more than just breaking down Premier African Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premier African Minerals is a good investment. Please check the relationship between Premier African Net Receivables and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier African Minerals. 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 Receivables vs Total Current Liabilities
Net Receivables vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Premier African Minerals Net Receivables account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Premier African's Net Receivables and Total Current Liabilities is -0.36. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Premier African Minerals, assuming nothing else is changed. The correlation between historical values of Premier African's Net Receivables and Total Current Liabilities 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 Receivables of Premier African Minerals are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Receivables i.e., Premier African's Net Receivables and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Receivables
Total Current Liabilities
Total Current Liabilities is an item on Premier African balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Premier African Minerals 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.
Most indicators from Premier African's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premier African Minerals 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 African Minerals. 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 African's
Selling General Administrative is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 19.7
M in 2024, despite the fact that
Discontinued Operations is likely to grow to (116.3
K).
Premier African fundamental ratios Correlations
Click cells to compare fundamentals
Premier African Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Premier African fundamental ratios Accounts
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Additional Tools for Premier Stock Analysis
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measure Premier African'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 Premier African is operating at the current time. Most of Premier African's value examination focuses on studying past and present price action to
predict the probability of Premier African's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier African's price. Additionally, you may evaluate how the addition of Premier African to your portfolios can decrease your overall portfolio volatility.