| PRQ Stock | | | CAD 1.39 0.03 2.11% |
Petrus Resources financial indicator trend analysis is much more than just breaking down Petrus Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Petrus Resources is a good investment. Please check the relationship between Petrus Resources Total Liab and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petrus Resources. 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.
Total Liab vs Retained Earnings
Total Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Petrus Resources Total Liab account and
Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Petrus Resources' Total Liab and Retained Earnings is -0.6. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Petrus Resources, assuming nothing else is changed. The correlation between historical values of Petrus Resources' Total Liab and Retained Earnings 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 Liab of Petrus Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Liab i.e., Petrus Resources' Total Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.6 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Petrus Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Petrus Resources 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 Petrus Resources. 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, Petrus Resources'
Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of November 2024,
Enterprise Value Over EBITDA is likely to grow to 2.63, while
Selling General Administrative is likely to drop about 4.1
M.
Petrus Resources fundamental ratios Correlations
Click cells to compare fundamentals
Petrus Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Petrus Resources fundamental ratios Accounts
Other Information on Investing in Petrus Stock
Balance Sheet is a snapshot of the
financial position of Petrus Resources at a specified time, usually calculated after every quarter, six months, or one year. Petrus Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Petrus Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Petrus currently owns. An asset can also be divided into two categories, current and non-current.