Primary Retained Earnings vs Total Current Liabilities Analysis
| PHP Stock | | | 91.35 1.95 2.09% |
Primary Health financial indicator trend analysis is much more than just breaking down Primary Health Properties prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primary Health Properties is a good investment. Please check the relationship between Primary Health Retained Earnings and its Total Current Liabilities accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primary Health Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Retained Earnings vs Total Current Liabilities
Retained Earnings vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Primary Health Properties Retained Earnings account and
Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Primary Health's Retained Earnings and Total Current Liabilities is 0.23. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Primary Health Properties, assuming nothing else is changed. The correlation between historical values of Primary Health's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Primary Health Properties are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Primary Health's Retained Earnings and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Total Current Liabilities
Total Current Liabilities is an item on Primary Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Primary Health Properties 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.
Most indicators from Primary Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primary Health Properties 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 Primary Health Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Selling General Administrative is expected to grow to about 13.7
M. The current year's
Tax Provision is expected to grow to about 5.9
MPrimary Health fundamental ratios Correlations
Click cells to compare fundamentals
Primary Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Primary Health fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Primary Stock
Balance Sheet is a snapshot of the
financial position of Primary Health Properties at a specified time, usually calculated after every quarter, six months, or one year. Primary Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Primary Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Primary currently owns. An asset can also be divided into two categories, current and non-current.