Parkit Total Current Liabilities vs Net Receivables Analysis

PKT Stock  CAD 0.62  0.02  3.33%   
Parkit Enterprise financial indicator trend analysis is much more than just breaking down Parkit Enterprise prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parkit Enterprise is a good investment. Please check the relationship between Parkit Enterprise Total Current Liabilities and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parkit Enterprise. 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 Current Liabilities vs Net Receivables

Total Current Liabilities vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parkit Enterprise Total Current Liabilities account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Parkit Enterprise's Total Current Liabilities and Net Receivables is -0.21. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Parkit Enterprise, assuming nothing else is changed. The correlation between historical values of Parkit Enterprise's Total Current Liabilities and Net Receivables 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 Current Liabilities of Parkit Enterprise are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Current Liabilities i.e., Parkit Enterprise's Total Current Liabilities and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Parkit Enterprise balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Parkit Enterprise are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Receivables

Most indicators from Parkit Enterprise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parkit Enterprise 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 Parkit Enterprise. 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, Parkit Enterprise's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 291.85 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense750.5K2.1M7.5M7.8M
Depreciation And Amortization2.0M4.6M5.3M5.5M

Parkit Enterprise fundamental ratios Correlations

-0.4-0.050.94-0.030.88-0.530.761.00.960.280.960.130.82-0.470.930.84-0.630.910.93-0.330.970.92-0.390.980.99
-0.40.5-0.490.66-0.22-0.24-0.46-0.4-0.47-0.19-0.47-0.06-0.170.26-0.26-0.430.03-0.36-0.290.42-0.47-0.270.62-0.45-0.41
-0.050.5-0.180.790.11-0.66-0.19-0.05-0.14-0.21-0.120.180.40.240.08-0.1-0.15-0.050.050.91-0.150.110.59-0.1-0.08
0.94-0.49-0.18-0.240.68-0.370.910.930.980.550.990.170.66-0.520.760.95-0.510.790.76-0.430.990.87-0.480.990.95
-0.030.660.79-0.240.24-0.78-0.32-0.02-0.18-0.34-0.170.040.30.360.19-0.23-0.24-0.020.140.66-0.170.10.58-0.11-0.08
0.88-0.220.110.680.24-0.630.390.90.73-0.160.720.050.88-0.310.990.51-0.680.910.99-0.140.760.8-0.20.780.84
-0.53-0.24-0.66-0.37-0.78-0.63-0.28-0.53-0.43-0.01-0.44-0.2-0.72-0.12-0.63-0.380.53-0.48-0.59-0.39-0.41-0.65-0.21-0.48-0.48
0.76-0.46-0.190.91-0.320.39-0.280.730.90.80.880.20.43-0.510.490.99-0.320.540.5-0.390.850.73-0.440.850.78
1.0-0.4-0.050.93-0.020.9-0.530.730.950.240.950.130.83-0.460.940.82-0.640.920.95-0.330.960.91-0.380.970.99
0.96-0.47-0.140.98-0.180.73-0.430.90.950.490.970.160.67-0.530.80.94-0.550.790.81-0.40.980.86-0.440.990.95
0.28-0.19-0.210.55-0.34-0.16-0.010.80.240.490.50.15-0.03-0.31-0.050.730.040.06-0.05-0.330.450.36-0.240.430.35
0.96-0.47-0.120.99-0.170.72-0.440.880.950.970.50.190.71-0.460.790.93-0.550.830.8-0.390.990.9-0.470.990.97
0.13-0.060.180.170.040.05-0.20.20.130.160.150.190.150.120.070.2-0.650.210.04-0.060.170.0-0.530.130.12
0.82-0.170.40.660.30.88-0.720.430.830.67-0.030.710.15-0.240.890.57-0.590.870.880.150.710.87-0.050.740.81
-0.470.260.24-0.520.36-0.31-0.12-0.51-0.46-0.53-0.31-0.460.12-0.24-0.35-0.510.05-0.34-0.370.3-0.48-0.370.19-0.49-0.52
0.93-0.260.080.760.190.99-0.630.490.940.8-0.050.790.070.89-0.350.61-0.680.931.0-0.190.820.85-0.240.850.9
0.84-0.43-0.10.95-0.230.51-0.380.990.820.940.730.930.20.57-0.510.61-0.40.650.61-0.340.90.83-0.40.910.86
-0.630.03-0.15-0.51-0.24-0.680.53-0.32-0.64-0.550.04-0.55-0.65-0.590.05-0.68-0.4-0.7-0.650.21-0.57-0.440.47-0.56-0.58
0.91-0.36-0.050.79-0.020.91-0.480.540.920.790.060.830.210.87-0.340.930.65-0.70.93-0.340.840.85-0.440.840.9
0.93-0.290.050.760.140.99-0.590.50.950.81-0.050.80.040.88-0.371.00.61-0.650.93-0.210.830.85-0.250.850.9
-0.330.420.91-0.430.66-0.14-0.39-0.39-0.33-0.4-0.33-0.39-0.060.150.3-0.19-0.340.21-0.34-0.21-0.41-0.140.73-0.36-0.34
0.97-0.47-0.150.99-0.170.76-0.410.850.960.980.450.990.170.71-0.480.820.9-0.570.840.83-0.410.88-0.460.990.98
0.92-0.270.110.870.10.8-0.650.730.910.860.360.90.00.87-0.370.850.83-0.440.850.85-0.140.88-0.160.910.92
-0.390.620.59-0.480.58-0.2-0.21-0.44-0.38-0.44-0.24-0.47-0.53-0.050.19-0.24-0.40.47-0.44-0.250.73-0.46-0.16-0.41-0.38
0.98-0.45-0.10.99-0.110.78-0.480.850.970.990.430.990.130.74-0.490.850.91-0.560.840.85-0.360.990.91-0.410.98
0.99-0.41-0.080.95-0.080.84-0.480.780.990.950.350.970.120.81-0.520.90.86-0.580.90.9-0.340.980.92-0.380.98
Click cells to compare fundamentals

Parkit Enterprise Account Relationship Matchups

Parkit Enterprise fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.7M60.3M177.6M239.6M324.5M340.8M
Other Current Liab16.6K184.2K4.3K73.6K66.3K63.0K
Total Current Liabilities75.0K728.2K2.2M4.0M4.9M3.6M
Total Stockholder Equity20.6M33.7M158.3M158.2M149.2M156.6M
Net Debt(768.4K)16.2M(4.7M)56.9M157.9M165.8M
Retained Earnings(2.9M)(9.8M)(13.7M)(19.1M)(24.0M)(22.8M)
Cash768.4K9.1M21.8M19.5M10.6M11.1M
Non Current Assets Total19.7M50.8M154.6M214.9M309.5M325.0M
Cash And Short Term Investments768.4K9.1M21.8M19.5M22.4M23.5M
Net Receivables189.7K297.2K1.1M924.9K28.8K27.4K
Common Stock Shares Outstanding34.5M34.9M215.6M237.3M227.9M239.3M
Liabilities And Stockholders Equity20.7M60.3M177.6M239.6M275.6M289.4M
Other Current Assets52.0K133.7K140.1K3M3.5M3.6M
Other Stockholder Equity27.1K34.7K3.2M4.4M3.9M3.7M
Total Liab75.0K26.7M19.3M81.5M175.3M184.1M
Total Current Assets972.3K9.5M23.0M24.7M15.0M15.8M
Non Current Liabilities Total58.4K25.9M17.1M77.5M170.4M178.9M
Accumulated Other Comprehensive Income467.0K472.4K27.1K34.7K31.2K29.7K
Net Tangible Assets20.6M15.3M158.3M158.2M181.9M191.0M
Accounts Payable58.4K297.4K1.6M3.7M3.0M3.1M
Common Stock23.5M43.4M168.9M172.9M198.8M208.8M
Other Assets1.3M1.3M14.4M1.8M2.1M3.2M
Long Term Investments18.5M13.4M13.2M11.8M10.2M14.7M
Non Currrent Assets Other1.3M37.5M141.4M203.2M233.6M245.3M
Net Invested Capital20.6M15.3M175.5M234.5M317.6M333.5M
Net Working Capital897.3K609.3K20.8M20.7M10.1M8.7M

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