Premier Net Working Capital vs Other Assets Analysis

PHA Stock

CAD 0.16 0.02 11.11%

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 Working Capital and its Other 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 Working Capital vs Other Assets

Net Working Capital vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premier Health Net Working Capital account and Other Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Premier Health's Net Working Capital and Other Assets is -0.19. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Other 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 Working Capital and Other 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 Working Capital of Premier Health of are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Net Working Capital i.e., Premier Health's Net Working Capital and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Other Assets

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 Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 137.65 in 2025, whereas Selling General Administrative is likely to drop slightly above 373.6 K in 2025.

	2024	2025 (projected)
Tax Provision	243.9K	231.7K
Interest Income	2.1K	1.9K

Tax Provision Interest Income

Premier Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment	Capital Stock	Property Plant And Equipment Net	Net Debt	Other Assets	Long Term Debt	Good Will	Capital Lease Obligations	Other Stockholder Equity	Property Plant And Equipment Gross
Total Assets		0.6	0.89	0.63	-0.94	-0.73	0.94	0.65	0.99	0.87	-0.64	0.98	1.0	1.0	-0.45	0.98	0.86	0.91	0.89	0.95	0.93	0.94	0.95	0.88	0.94	0.94
Other Current Liab	0.6		0.31	0.77	-0.71	-0.07	0.54	0.95	0.53	0.67	-0.46	0.51	0.61	0.57	0.18	0.67	0.66	0.7	0.54	0.4	0.7	0.68	0.74	0.34	0.69	0.53
Total Current Liabilities	0.89	0.31		0.22	-0.75	-0.95	0.77	0.34	0.93	0.64	-0.51	0.95	0.88	0.92	-0.8	0.78	0.6	0.67	0.63	0.98	0.7	0.75	0.73	0.79	0.73	0.76
Total Stockholder Equity	0.63	0.77	0.22		-0.68	0.05	0.68	0.85	0.53	0.79	-0.55	0.49	0.65	0.57	0.38	0.78	0.8	0.8	0.8	0.37	0.77	0.69	0.78	0.46	0.72	0.67
Net Tangible Assets	-0.94	-0.71	-0.75	-0.68		0.6	-0.93	-0.67	-0.92	-0.82	0.59	-0.9	-0.94	-0.93	0.26	-0.93	-0.85	-0.91	-0.9	-0.85	-0.95	-0.97	-0.97	-0.87	-0.96	-0.94
Retained Earnings	-0.73	-0.07	-0.95	0.05	0.6		-0.61	-0.08	-0.8	-0.44	0.33	-0.84	-0.72	-0.78	0.92	-0.58	-0.42	-0.49	-0.45	-0.9	-0.52	-0.6	-0.54	-0.73	-0.57	-0.62
Accounts Payable	0.94	0.54	0.77	0.68	-0.93	-0.61		0.55	0.94	0.87	-0.63	0.91	0.94	0.94	-0.27	0.93	0.83	0.89	0.95	0.87	0.91	0.94	0.93	0.92	0.92	0.97
Cash	0.65	0.95	0.34	0.85	-0.67	-0.08	0.55		0.55	0.77	-0.54	0.54	0.66	0.6	0.16	0.74	0.75	0.76	0.59	0.42	0.74	0.68	0.77	0.36	0.71	0.55
Net Receivables	0.99	0.53	0.93	0.53	-0.92	-0.8	0.94	0.55		0.82	-0.63	1.0	0.99	1.0	-0.53	0.94	0.8	0.86	0.85	0.98	0.89	0.92	0.91	0.9	0.91	0.93
Common Stock Shares Outstanding	0.87	0.67	0.64	0.79	-0.82	-0.44	0.87	0.77	0.82		-0.7	0.8	0.88	0.84	-0.14	0.92	0.95	0.96	0.87	0.72	0.94	0.91	0.92	0.8	0.92	0.89
Other Current Assets	-0.64	-0.46	-0.51	-0.55	0.59	0.33	-0.63	-0.54	-0.63	-0.7		-0.6	-0.65	-0.64	0.16	-0.67	-0.61	-0.65	-0.61	-0.55	-0.62	-0.6	-0.63	-0.53	-0.61	-0.6
Total Liab	0.98	0.51	0.95	0.49	-0.9	-0.84	0.91	0.54	1.0	0.8	-0.6		0.98	0.99	-0.59	0.92	0.78	0.84	0.82	0.99	0.87	0.9	0.89	0.88	0.89	0.9
Net Invested Capital	1.0	0.61	0.88	0.65	-0.94	-0.72	0.94	0.66	0.99	0.88	-0.65	0.98		0.99	-0.43	0.98	0.87	0.92	0.89	0.94	0.93	0.94	0.96	0.87	0.94	0.94
Total Current Assets	1.0	0.57	0.92	0.57	-0.93	-0.78	0.94	0.6	1.0	0.84	-0.64	0.99	0.99		-0.5	0.95	0.82	0.88	0.86	0.97	0.9	0.93	0.93	0.88	0.92	0.93
Net Working Capital	-0.45	0.18	-0.8	0.38	0.26	0.92	-0.27	0.16	-0.53	-0.14	0.16	-0.59	-0.43	-0.5		-0.27	-0.11	-0.16	-0.09	-0.68	-0.19	-0.27	-0.21	-0.43	-0.24	-0.29
Common Stock	0.98	0.67	0.78	0.78	-0.93	-0.58	0.93	0.74	0.94	0.92	-0.67	0.92	0.98	0.95	-0.27		0.93	0.96	0.94	0.87	0.96	0.94	0.98	0.84	0.95	0.94
Property Plant Equipment	0.86	0.66	0.6	0.8	-0.85	-0.42	0.83	0.75	0.8	0.95	-0.61	0.78	0.87	0.82	-0.11	0.93		0.99	0.9	0.7	0.97	0.92	0.95	0.82	0.95	0.91
Capital Stock	0.91	0.7	0.67	0.8	-0.91	-0.49	0.89	0.76	0.86	0.96	-0.65	0.84	0.92	0.88	-0.16	0.96	0.99		0.93	0.77	1.0	0.97	0.98	0.85	0.98	0.94
Property Plant And Equipment Net	0.89	0.54	0.63	0.8	-0.9	-0.45	0.95	0.59	0.85	0.87	-0.61	0.82	0.89	0.86	-0.09	0.94	0.9	0.93		0.76	0.93	0.92	0.93	0.88	0.92	0.96
Net Debt	0.95	0.4	0.98	0.37	-0.85	-0.9	0.87	0.42	0.98	0.72	-0.55	0.99	0.94	0.97	-0.68	0.87	0.7	0.77	0.76		0.8	0.85	0.83	0.87	0.83	0.86
Other Assets	0.93	0.7	0.7	0.77	-0.95	-0.52	0.91	0.74	0.89	0.94	-0.62	0.87	0.93	0.9	-0.19	0.96	0.97	1.0	0.93	0.8		0.98	0.99	0.88	0.99	0.96
Long Term Debt	0.94	0.68	0.75	0.69	-0.97	-0.6	0.94	0.68	0.92	0.91	-0.6	0.9	0.94	0.93	-0.27	0.94	0.92	0.97	0.92	0.85	0.98		0.98	0.92	1.0	0.97
Good Will	0.95	0.74	0.73	0.78	-0.97	-0.54	0.93	0.77	0.91	0.92	-0.63	0.89	0.96	0.93	-0.21	0.98	0.95	0.98	0.93	0.83	0.99	0.98		0.86	0.99	0.95
Capital Lease Obligations	0.88	0.34	0.79	0.46	-0.87	-0.73	0.92	0.36	0.9	0.8	-0.53	0.88	0.87	0.88	-0.43	0.84	0.82	0.85	0.88	0.87	0.88	0.92	0.86		0.9	0.96
Other Stockholder Equity	0.94	0.69	0.73	0.72	-0.96	-0.57	0.92	0.71	0.91	0.92	-0.61	0.89	0.94	0.92	-0.24	0.95	0.95	0.98	0.92	0.83	0.99	1.0	0.99	0.9		0.97
Property Plant And Equipment Gross	0.94	0.53	0.76	0.67	-0.94	-0.62	0.97	0.55	0.93	0.89	-0.6	0.9	0.94	0.93	-0.29	0.94	0.91	0.94	0.96	0.86	0.96	0.97	0.95	0.96	0.97

Click cells to compare fundamentals

Premier Health Account Relationship Matchups

Premier Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	39.1M	57.1M	56.7M	73.7M	84.8M	89.0M
Other Current Liab	313.5K	1.1M	5.2M	1.1M	1.3M	1.2M
Total Current Liabilities	6.6M	12.6M	11.3M	56.8M	65.3M	68.5M
Total Stockholder Equity	17.3M	18.5M	16.4M	4.1M	4.7M	8.3M
Net Tangible Assets	147.5K	2.6M	(2.4M)	(8.8M)	(7.9M)	(7.5M)
Retained Earnings	3.0M	2.9M	1.0M	(11.5M)	(10.3M)	(9.8M)
Accounts Payable	1.1M	1.9M	3.7M	2.5M	2.9M	3.0M
Cash	2.7M	5.1M	1.1M	1.5M	1.7M	1.7M
Non Current Assets Total	24.6M	31.7M	30.6M	38.0M	43.7M	45.9M
Net Receivables	10.8M	19.3M	23.0M	31.1M	35.7M	37.5M
Common Stock Shares Outstanding	53.9M	56.1M	55.4M	55.5M	63.8M	37.6M
Non Current Liabilities Total	15.2M	26.1M	29.0M	12.9M	14.8M	11.6M
Other Current Assets	142.9K	154.2K	146.9K	156.7K	141.1K	134.1K
Total Liab	21.8M	38.6M	40.3M	69.6M	80.1M	84.1M
Net Invested Capital	28.5M	40.3M	39.9M	50.2M	57.8M	60.7M
Total Current Assets	14.6M	25.4M	26.1M	35.7M	41.0M	43.1M
Net Working Capital	8.0M	12.8M	14.8M	(21.1M)	(19.0M)	(18.0M)
Property Plant Equipment	1.7M	2.0M	4.7M	4.2M	4.8M	2.9M
Capital Stock	13.5M	14.4M	14.3M	14.3M	16.5M	9.3M
Property Plant And Equipment Net	4.7M	4.2M	6.6M	4.4M	5.1M	4.8M
Net Debt	8.5M	16.7M	22.3M	44.7M	51.4M	53.9M
Good Will	10.1M	15.4M	13.9M	13.5M	15.5M	11.9M
Capital Lease Obligations	1.1M	998.6K	3.8M	3.7M	4.3M	2.2M
Property Plant And Equipment Gross	6.2M	6.6M	10.1M	8.7M	10.0M	7.6M
Short Long Term Debt	329.0K	576.5K	516K	46.2M	53.1M	55.7M
Intangible Assets	9.6M	11.9M	10.1M	20.2M	23.2M	24.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC