Premier Net Invested Capital vs Other Current Assets Analysis

PHA Stock  CAD 0.14  0.01  7.69%   
Premier Health financial indicator trend analysis is much more than just breaking down Premier Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premier Health is a good investment. Please check the relationship between Premier Health Net Invested Capital and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premier Health of. 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 Invested Capital vs Other Current Assets

Net Invested Capital vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premier Health Net Invested Capital account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Premier Health's Net Invested Capital and Other Current Assets is -0.65. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Premier Health of, assuming nothing else is changed. The correlation between historical values of Premier Health's Net Invested Capital and Other Current Assets 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 Invested Capital of Premier Health of are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Invested Capital i.e., Premier Health's Net Invested Capital and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Premier Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premier Health 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 Health of. 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 Health's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2024, whereas Tax Provision is likely to drop slightly above 1.1 M in 2024.
 2023 2024 (projected)
Tax Provision1.3M1.1M
Interest Income2.1K1.9K

Premier Health fundamental ratios Correlations

0.690.990.98-0.950.60.950.70.990.89-0.651.01.01.01.00.990.890.990.920.930.960.960.970.890.950.92
0.690.730.71-0.740.740.470.950.620.68-0.450.680.690.680.640.680.670.680.490.630.720.70.760.330.720.51
0.990.730.96-0.960.60.940.720.990.87-0.690.990.991.00.990.970.850.970.890.930.940.950.960.880.950.9
0.980.710.96-0.910.710.890.770.950.92-0.660.970.990.970.961.00.931.00.90.90.960.930.970.820.940.88
-0.95-0.74-0.96-0.91-0.49-0.9-0.67-0.95-0.790.58-0.96-0.95-0.96-0.95-0.93-0.83-0.93-0.89-0.95-0.94-0.97-0.96-0.85-0.95-0.9
0.60.740.60.71-0.490.350.890.490.68-0.660.550.610.550.530.660.670.660.40.410.620.50.610.230.540.37
0.950.470.940.89-0.90.350.460.980.79-0.60.960.940.960.970.920.760.920.920.920.860.910.880.980.880.92
0.70.950.720.77-0.670.890.460.610.76-0.510.670.710.670.640.720.740.720.490.580.730.670.750.310.70.49
0.990.620.990.95-0.950.490.980.610.84-0.641.00.991.01.00.970.830.970.920.940.920.950.940.940.940.93
0.890.680.870.92-0.790.680.790.760.84-0.680.870.890.870.860.90.950.90.870.870.930.890.910.70.910.86
-0.65-0.45-0.69-0.660.58-0.66-0.6-0.51-0.64-0.68-0.63-0.65-0.65-0.63-0.65-0.59-0.66-0.58-0.57-0.61-0.58-0.61-0.54-0.59-0.57
1.00.680.990.97-0.960.550.960.671.00.87-0.631.01.01.00.980.860.980.920.940.940.960.960.910.950.92
1.00.690.990.99-0.950.610.940.710.990.89-0.651.01.00.990.990.890.990.920.930.960.950.970.890.950.92
1.00.681.00.97-0.960.550.960.671.00.87-0.651.01.01.00.980.860.980.910.940.940.960.960.910.950.92
1.00.640.990.96-0.950.530.970.641.00.86-0.631.00.991.00.980.850.980.930.940.940.950.960.930.950.93
0.990.680.971.0-0.930.660.920.720.970.9-0.650.980.990.980.980.921.00.920.910.960.940.970.860.950.91
0.890.670.850.93-0.830.670.760.740.830.95-0.590.860.890.860.850.920.920.910.890.970.920.950.70.940.9
0.990.680.971.0-0.930.660.920.720.970.9-0.660.980.990.980.981.00.920.920.910.960.940.970.860.950.91
0.920.490.890.9-0.890.40.920.490.920.87-0.580.920.920.910.930.920.910.920.970.950.960.930.90.961.0
0.930.630.930.9-0.950.410.920.580.940.87-0.570.940.930.940.940.910.890.910.970.960.990.960.880.990.99
0.960.720.940.96-0.940.620.860.730.920.93-0.610.940.960.940.940.960.970.960.950.960.980.990.80.990.95
0.960.70.950.93-0.970.50.910.670.950.89-0.580.960.950.960.950.940.920.940.960.990.980.990.851.00.97
0.970.760.960.97-0.960.610.880.750.940.91-0.610.960.970.960.960.970.950.970.930.960.990.990.810.990.94
0.890.330.880.82-0.850.230.980.310.940.7-0.540.910.890.910.930.860.70.860.90.880.80.850.810.830.9
0.950.720.950.94-0.950.540.880.70.940.91-0.590.950.950.950.950.950.940.950.960.990.991.00.990.830.96
0.920.510.90.88-0.90.370.920.490.930.86-0.570.920.920.920.930.910.90.911.00.990.950.970.940.90.96
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Premier Health Account Relationship Matchups

Premier Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.7M39.1M57.1M56.7M65.2M68.5M
Other Current Liab313.5K1.1M5.2M1.1M1.3M1.2M
Total Current Liabilities3.4M6.6M12.6M11.3M13.0M13.6M
Total Stockholder Equity3.9M17.3M18.5M16.4M18.9M19.8M
Net Tangible Assets147.5K2.6M(2.4M)(8.8M)(7.9M)(7.5M)
Retained Earnings1.5M3.0M2.9M1.0M1.2M1.8M
Accounts Payable624.8K1.1M1.9M3.7M4.2M4.5M
Cash1.2M2.7M5.1M1.1M1.3M1.7M
Non Current Assets Total3.4M24.6M31.7M30.6M35.2M37.0M
Net Receivables4.0M10.8M19.3M23.0M26.4M27.8M
Common Stock Shares Outstanding39.0M53.9M56.1M55.4M63.7M34.3M
Non Current Liabilities Total1.4M15.2M26.1M29.0M33.3M35.0M
Other Current Assets142.9K154.2K146.9K156.7K141.1K134.1K
Total Liab4.9M21.8M38.6M40.3M46.3M48.6M
Net Invested Capital6.4M28.5M40.3M39.9M45.9M48.2M
Total Current Assets5.4M14.6M25.4M26.1M30.0M31.5M
Net Working Capital2.0M8.0M12.8M14.8M17.0M17.8M
Property Plant Equipment1.7M2.0M4.7M4.2M4.8M2.9M
Capital Stock1.9M13.5M14.4M14.3M16.4M17.2M

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Additional Tools for Premier Stock Analysis

When running Premier Health's price analysis, check to measure Premier Health'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 Health is operating at the current time. Most of Premier Health's value examination focuses on studying past and present price action to predict the probability of Premier Health'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 Health's price. Additionally, you may evaluate how the addition of Premier Health to your portfolios can decrease your overall portfolio volatility.