Prime Historical Balance Sheet
PDV Stock | CAD 8.63 0.03 0.35% |
Trend analysis of Prime Dividend Corp balance sheet accounts such as Cash And Short Term Investments of 14.7 M, Net Receivables of 32.3 K, Common Stock Total Equity of 34.4 M or Common Stock Shares Outstanding of 989.1 K provides information on Prime Dividend's total assets, liabilities, and equity, which is the actual value of Prime Dividend Corp to its prevalent stockholders. By breaking down trends over time using Prime Dividend balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Prime Dividend Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Prime Dividend Corp is a good buy for the upcoming year.
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About Prime Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Prime Dividend Corp at a specified time, usually calculated after every quarter, six months, or one year. Prime Dividend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prime Dividend 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 Prime currently owns. An asset can also be divided into two categories, current and non-current.
Prime Dividend Balance Sheet Chart
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Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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.Cash
Cash refers to the most liquid asset of Prime Dividend Corp, which is listed under current asset account on Prime Dividend Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Prime Dividend customers. The amounts must be unrestricted with restricted cash listed in a different Prime Dividend account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most accounts from Prime Dividend's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Prime Dividend Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Prime Dividend 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, Prime Dividend's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 3rd of December 2024, Total Liabilities is likely to grow to about 11.3 M, while Total Stockholder Equity is likely to drop about 3.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 4.9M | 3.7M | 3.4M | 3.2M | Total Assets | 13.6M | 12.6M | 11.4M | 22.7M |
Prime Dividend balance sheet Correlations
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Prime Dividend Account Relationship Matchups
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Prime Dividend balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.8M | 15.5M | 13.6M | 12.6M | 11.4M | 22.7M | |
Total Stockholder Equity | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
Net Debt | 8.4M | 8.2M | 7.8M | (1.1M) | (1.2M) | (1.2M) | |
Cash | 946.7K | 300.2K | 751.3K | 1.1M | 977.8K | 1.9M | |
Cash And Short Term Investments | 946.7K | 300.2K | 751.3K | 12.6M | 11.3M | 14.7M | |
Net Receivables | 33.4K | 31.8K | 23.0K | 37.7K | 34.0K | 32.3K | |
Common Stock Shares Outstanding | 941.6K | 893.2K | 939.2K | 621.3K | 559.2K | 989.1K | |
Short Term Investments | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 20.7M | |
Liabilities And Stockholders Equity | 14.8M | 15.5M | 13.6M | 12.6M | 11.4M | 22.7M | |
Total Liab | 75.1K | 93.8K | 8.7M | 8.9M | 8.0M | 11.3M | |
Total Current Assets | 980.1K | 332.0K | 774.3K | 12.6M | 11.4M | 14.8M | |
Common Stock | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
Other Current Liab | (75.1K) | (93.8K) | (95.5K) | 127.5K | 114.8K | 120.5K | |
Accounts Payable | 75.1K | 93.8K | 95.5K | 294.8K | 339.0K | 302.6K | |
Other Stockholder Equity | 5.2M | 6.8M | 4.9M | 3.7M | 3.4M | 3.2M | |
Total Current Liabilities | 75.1K | 93.8K | 95.5K | 422.3K | 380.1K | 287.3K | |
Non Current Assets Total | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 14.8M | |
Non Currrent Assets Other | (13.9M) | (15.2M) | (12.8M) | (11.5M) | (13.2M) | (13.9M) | |
Net Tangible Assets | 7.0M | 5.2M | 6.8M | 4.9M | 4.4M | 6.2M | |
Current Deferred Revenue | (9.3M) | (8.4M) | (8.4M) | (8.2M) | (9.5M) | (10.0M) | |
Long Term Investments | 13.9M | 15.2M | 12.8M | 11.5M | 10.4M | 12.9M |
Pair Trading with Prime Dividend
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prime Dividend position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prime Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Prime Stock
0.69 | CEF | Sprott Physical Gold | PairCorr |
0.71 | PHYS | Sprott Physical Gold | PairCorr |
0.7 | EVT | Economic Investment Trust | PairCorr |
The ability to find closely correlated positions to Prime Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Dividend when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prime Dividend - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prime Dividend Corp to buy it.
The correlation of Prime Dividend is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prime Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Dividend Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prime Dividend can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Prime Stock
Balance Sheet is a snapshot of the financial position of Prime Dividend Corp at a specified time, usually calculated after every quarter, six months, or one year. Prime Dividend Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Prime Dividend 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 Prime currently owns. An asset can also be divided into two categories, current and non-current.