Praxis Net Debt vs Asset Turnover Analysis

PRAX Stock  USD 71.00  4.13  5.50%   
Praxis Precision financial indicator trend analysis is much more than just breaking down Praxis Precision Med prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praxis Precision Med is a good investment. Please check the relationship between Praxis Precision Net Debt and its Asset Turnover accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Praxis Precision Med Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Praxis Precision's Net Debt and Asset Turnover is 0.13. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Praxis Precision Medicines, assuming nothing else is changed. The correlation between historical values of Praxis Precision's Net Debt and Asset Turnover 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 Debt of Praxis Precision Medicines are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Praxis Precision's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Praxis Precision's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praxis Precision Med 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 Praxis Precision Medicines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Enterprise Value is likely to rise to about 116.3 M in 2024, despite the fact that Tax Provision is likely to grow to (4.3 K).
 2023 2024 (projected)
Depreciation And Amortization432K240.9K
Interest Income161K155.8K

Praxis Precision fundamental ratios Correlations

0.870.761.00.740.980.68-0.91-0.480.530.920.62-0.82-0.071.00.750.490.950.810.720.740.980.651.00.47-0.22
0.870.970.820.790.860.94-0.62-0.70.840.650.91-0.59-0.50.850.880.60.910.970.850.970.860.910.860.58-0.28
0.760.970.690.750.750.95-0.48-0.730.950.520.93-0.51-0.60.730.860.570.860.990.841.00.750.920.750.55-0.26
1.00.820.690.70.970.61-0.93-0.420.450.950.54-0.830.011.00.710.460.920.750.680.680.980.581.00.44-0.2
0.740.790.750.70.710.83-0.64-0.820.610.680.79-0.69-0.470.730.840.790.860.710.790.750.690.850.730.77-0.54
0.980.860.750.970.710.66-0.9-0.540.550.920.59-0.87-0.140.980.820.560.950.810.810.741.00.650.980.54-0.26
0.680.940.950.610.830.66-0.39-0.790.880.421.0-0.4-0.710.650.860.650.790.910.820.960.650.990.670.63-0.34
-0.91-0.62-0.48-0.93-0.64-0.9-0.390.31-0.26-0.99-0.30.93-0.21-0.92-0.62-0.38-0.85-0.56-0.59-0.46-0.91-0.38-0.91-0.360.13
-0.48-0.7-0.73-0.42-0.82-0.54-0.790.31-0.72-0.38-0.770.530.81-0.46-0.87-0.95-0.69-0.68-0.88-0.74-0.52-0.85-0.47-0.940.75
0.530.840.950.450.610.550.88-0.26-0.720.290.87-0.35-0.690.510.770.50.70.920.770.950.550.840.530.48-0.22
0.920.650.520.950.680.920.42-0.99-0.380.290.34-0.950.160.930.640.460.870.590.620.50.920.420.930.43-0.23
0.620.910.930.540.790.591.0-0.3-0.770.870.34-0.31-0.750.590.820.620.730.880.780.950.580.980.610.6-0.34
-0.82-0.59-0.51-0.83-0.69-0.87-0.40.930.53-0.35-0.95-0.31-0.02-0.83-0.71-0.6-0.86-0.56-0.72-0.49-0.86-0.42-0.82-0.570.36
-0.07-0.5-0.60.01-0.47-0.14-0.71-0.210.81-0.690.16-0.75-0.02-0.05-0.62-0.68-0.29-0.51-0.64-0.63-0.12-0.76-0.06-0.690.53
1.00.850.731.00.730.980.65-0.92-0.460.510.930.59-0.83-0.050.740.480.940.790.710.720.980.631.00.46-0.21
0.750.880.860.710.840.820.86-0.62-0.870.770.640.82-0.71-0.620.740.790.90.840.990.860.80.90.750.78-0.42
0.490.60.570.460.790.560.65-0.38-0.950.50.460.62-0.6-0.680.480.790.650.530.810.580.530.720.491.0-0.88
0.950.910.860.920.860.950.79-0.85-0.690.70.870.73-0.86-0.290.940.90.650.880.880.850.950.790.940.62-0.32
0.810.970.990.750.710.810.91-0.56-0.680.920.590.88-0.56-0.510.790.840.530.880.830.980.810.860.80.51-0.21
0.720.850.840.680.790.810.82-0.59-0.880.770.620.78-0.72-0.640.710.990.810.880.830.850.790.870.720.79-0.45
0.740.971.00.680.750.740.96-0.46-0.740.950.50.95-0.49-0.630.720.860.580.850.980.850.740.930.730.56-0.27
0.980.860.750.980.691.00.65-0.91-0.520.550.920.58-0.86-0.120.980.80.530.950.810.790.740.640.980.51-0.23
0.650.910.920.580.850.650.99-0.38-0.850.840.420.98-0.42-0.760.630.90.720.790.860.870.930.640.640.71-0.41
1.00.860.751.00.730.980.67-0.91-0.470.530.930.61-0.82-0.061.00.750.490.940.80.720.730.980.640.46-0.21
0.470.580.550.440.770.540.63-0.36-0.940.480.430.6-0.57-0.690.460.781.00.620.510.790.560.510.710.46-0.89
-0.22-0.28-0.26-0.2-0.54-0.26-0.340.130.75-0.22-0.23-0.340.360.53-0.21-0.42-0.88-0.32-0.21-0.45-0.27-0.23-0.41-0.21-0.89
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Praxis Precision Account Relationship Matchups

Praxis Precision fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets47.7M303.2M292.7M115.1M87.9M158.9M
Other Current Liab3.5M10.9M22.5M14.8M8.9M11.4M
Total Current Liabilities6.8M15.7M37.6M35.5M15.7M21.4M
Total Stockholder Equity40.1M287.5M250.8M76.1M69.7M135.5M
Net Tangible Assets(81.0M)287.5M250.8M76.1M87.5M108.3M
Property Plant And Equipment Net1.6M836K4.9M3.9M2.7M2.5M
Net Debt(43.4M)(295.8M)(134.4M)(57.1M)(78.8M)(82.7M)
Retained Earnings(81.0M)(149.6M)(316.6M)(530.6M)(653.9M)(621.2M)
Accounts Payable2.7M4.1M10.8M14.7M5.8M7.6M
Cash44.8M296.6M138.7M61.6M81.3M117.5M
Non Current Assets Total2.2M851K5.3M4.3M3.1M3.0M
Non Currrent Assets Other620K15K472K416K374.4K338.5K
Other Assets620K769K472K416K374.4K460.3K
Cash And Short Term Investments44.8M296.6M275.9M100.5M81.3M149.8M
Common Stock Shares Outstanding1.1M2.6M2.8M3.1M6.6M6.9M
Liabilities And Stockholders Equity47.7M303.2M292.7M115.1M87.9M158.9M
Non Current Liabilities Total763K4.9M4.3M3.5M2.5M2.9M
Capital Lease Obligations1.5M763K4.3M3.5M2.5M2.3M
Other Current Assets681K5.7M11.5M10.4M3.6M6.1M
Other Stockholder Equity(121.1M)437.0M567.6M606.9M723.6M406.0M
Total Liab7.6M15.7M41.9M39.0M18.3M23.4M
Net Invested Capital(81.0M)287.5M250.8M76.1M69.7M103.0M
Property Plant And Equipment Gross1.6M836K4.9M3.9M3.7M2.7M
Total Current Assets45.5M302.3M287.4M110.8M84.9M155.8M
Accumulated Other Comprehensive Income(38K)(303.2M)(176K)(173K)(155.7K)(163.5K)
Net Working Capital38.7M286.6M249.0M76.5M69.1M134.5M
Property Plant Equipment1.6M836K4.9M971K1.1M1.8M

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