| PTE Stock | | | CAD 0.01 0.00 0.00% |
Pioneering Technology financial indicator trend analysis is much more than just breaking down Pioneering Technology prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pioneering Technology is a good investment. Please check the relationship between Pioneering Technology Long Term Debt and its Net Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pioneering Technology Corp. 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.
Long Term Debt vs Net Debt
Long Term Debt vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pioneering Technology Long Term Debt account and
Net Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Pioneering Technology's Long Term Debt and Net Debt is 0.38. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Pioneering Technology Corp, assuming nothing else is changed. The correlation between historical values of Pioneering Technology's Long Term Debt and Net 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 Long Term Debt of Pioneering Technology Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt i.e., Pioneering Technology's Long Term Debt and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.38 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Pioneering Technology has held for over one year. Long-term debt appears on Pioneering Technology Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Pioneering Technology Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Pioneering Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pioneering Technology 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 Pioneering Technology Corp. 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, Pioneering Technology's
Selling General Administrative is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to climb to 0.42 in 2024, despite the fact that
Enterprise Value Over EBITDA is likely to grow to
(0.03).
Pioneering Technology fundamental ratios Correlations
Click cells to compare fundamentals
Pioneering Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pioneering Technology fundamental ratios Accounts
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Additional Tools for Pioneering Stock Analysis
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