Primega Other Current Liab vs Total Assets Analysis

PGHL Stock   13.80  5.30  27.75%   
Primega Group financial indicator trend analysis is much more than just breaking down Primega Group Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primega Group Holdings is a good investment. Please check the relationship between Primega Group Other Current Liab and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Other Current Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primega Group Holdings Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Primega Group's Other Current Liab and Total Assets is 0.82. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Primega Group Holdings, assuming nothing else is changed. The correlation between historical values of Primega Group's Other Current Liab and Total 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 Other Current Liab of Primega Group Holdings are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., Primega Group's Other Current Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Other Current Liab

Total Assets

Total assets refers to the total amount of Primega Group assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Primega Group Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Primega Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primega Group Holdings 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 Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
The value of Tax Provision is estimated to slide to about 228.4 K. The value of Selling General Administrative is expected to slide to about 709.5 K
 2021 2022 2023 2024 (projected)
Interest Expense116.0K190.6K210.7K144.4K
Depreciation And Amortization586.8K1.1M1.5M884.2K

Primega Group fundamental ratios Correlations

1.00.821.01.00.991.01.00.970.930.990.930.99-0.620.991.0-0.621.01.01.01.0-0.620.940.99-0.62-0.26
1.00.861.00.990.981.00.990.980.930.980.930.99-0.611.00.99-0.611.01.00.991.0-0.610.950.97-0.61-0.3
0.820.860.810.790.750.850.790.80.860.760.860.83-0.520.890.8-0.520.840.830.810.86-0.520.850.73-0.52-0.31
1.01.00.810.990.991.00.990.990.90.990.90.99-0.610.991.0-0.611.01.00.991.0-0.610.940.99-0.61-0.3
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0.990.980.750.990.990.980.990.980.881.00.880.98-0.610.971.0-0.610.990.990.990.98-0.610.921.0-0.61-0.27
1.01.00.851.00.980.980.980.990.910.980.911.0-0.61.00.99-0.61.00.990.991.0-0.60.950.98-0.6-0.33
1.00.990.790.991.00.990.980.960.931.00.930.98-0.620.981.0-0.620.991.01.00.99-0.620.930.99-0.62-0.19
0.970.980.80.990.960.980.990.960.830.970.831.0-0.540.970.98-0.540.980.970.960.97-0.540.910.98-0.54-0.46
0.930.930.860.90.930.880.910.930.830.911.00.88-0.670.940.91-0.670.920.940.940.93-0.670.910.86-0.670.05
0.990.980.760.991.01.00.981.00.970.910.910.98-0.620.981.0-0.620.990.991.00.99-0.620.930.99-0.62-0.22
0.930.930.860.90.930.880.910.930.831.00.910.88-0.670.940.91-0.670.920.940.940.93-0.670.910.86-0.670.05
0.990.990.830.990.980.981.00.981.00.880.980.88-0.570.990.99-0.570.990.990.980.99-0.570.930.98-0.57-0.39
-0.62-0.61-0.52-0.61-0.62-0.61-0.6-0.62-0.54-0.67-0.62-0.67-0.57-0.61-0.631.0-0.61-0.61-0.63-0.611.0-0.82-0.61.0-0.16
0.991.00.890.990.980.971.00.980.970.940.980.940.99-0.610.99-0.611.00.990.991.0-0.610.950.96-0.61-0.28
1.00.990.81.01.01.00.991.00.980.911.00.910.99-0.630.99-0.631.01.01.00.99-0.630.940.99-0.63-0.25
-0.62-0.61-0.52-0.61-0.62-0.61-0.6-0.62-0.54-0.67-0.62-0.67-0.571.0-0.61-0.63-0.61-0.61-0.63-0.611.0-0.82-0.61.0-0.16
1.01.00.841.00.990.991.00.990.980.920.990.920.99-0.611.01.0-0.611.00.991.0-0.610.950.98-0.61-0.29
1.01.00.831.01.00.990.991.00.970.940.990.940.99-0.610.991.0-0.611.01.01.0-0.610.940.98-0.61-0.23
1.00.990.810.991.00.990.991.00.960.941.00.940.98-0.630.991.0-0.630.991.00.99-0.630.940.98-0.63-0.19
1.01.00.861.00.990.981.00.990.970.930.990.930.99-0.611.00.99-0.611.01.00.99-0.610.950.97-0.61-0.28
-0.62-0.61-0.52-0.61-0.62-0.61-0.6-0.62-0.54-0.67-0.62-0.67-0.571.0-0.61-0.631.0-0.61-0.61-0.63-0.61-0.82-0.61.0-0.16
0.940.950.850.940.930.920.950.930.910.910.930.910.93-0.820.950.94-0.820.950.940.940.95-0.820.91-0.82-0.2
0.990.970.730.990.991.00.980.990.980.860.990.860.98-0.60.960.99-0.60.980.980.980.97-0.60.91-0.6-0.32
-0.62-0.61-0.52-0.61-0.62-0.61-0.6-0.62-0.54-0.67-0.62-0.67-0.571.0-0.61-0.631.0-0.61-0.61-0.63-0.611.0-0.82-0.6-0.16
-0.26-0.3-0.31-0.3-0.19-0.27-0.33-0.19-0.460.05-0.220.05-0.39-0.16-0.28-0.25-0.16-0.29-0.23-0.19-0.28-0.16-0.2-0.32-0.16
Click cells to compare fundamentals

Primega Group Account Relationship Matchups

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When determining whether Primega Group Holdings is a strong investment it is important to analyze Primega Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primega Group's future performance. For an informed investment choice regarding Primega Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primega Group. If investors know Primega will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primega Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primega Group's market value can be influenced by many factors that don't directly affect Primega Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.