Primis Net Tangible Assets vs Total Liab Analysis

FRST Stock  USD 12.56  0.18  1.45%   
Primis Financial financial indicator trend analysis is much more than just breaking down Primis Financial Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primis Financial Corp is a good investment. Please check the relationship between Primis Financial Net Tangible Assets and its Total Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Tangible Assets vs Total Liab

Net Tangible Assets vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primis Financial Corp Net Tangible Assets account and Total Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between Primis Financial's Net Tangible Assets and Total Liab is 0.27. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Primis Financial Corp, assuming nothing else is changed. The correlation between historical values of Primis Financial's Net Tangible Assets and Total Liab 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 Tangible Assets of Primis Financial Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Tangible Assets i.e., Primis Financial's Net Tangible Assets and Total Liab go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Primis Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primis Financial Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Primis Financial's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 5.5 M in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (42.36).
 2021 2022 2023 2024 (projected)
Gross Profit94.3M115.4M215.4M226.1M
Total Revenue103.9M125.8M135.6M142.4M

Primis Financial fundamental ratios Correlations

0.680.840.880.180.920.440.650.560.830.590.820.850.840.320.980.22-0.030.390.560.971.00.970.570.740.83
0.680.530.770.60.590.240.02-0.090.620.540.390.730.70.610.70.710.350.93-0.080.670.630.70.080.670.79
0.840.530.67-0.070.910.590.560.50.760.640.840.590.620.510.73-0.05-0.350.240.50.780.840.850.310.550.56
0.880.770.670.20.830.50.280.180.670.70.730.970.970.330.90.410.140.560.180.870.860.880.330.90.97
0.180.6-0.070.20.0-0.63-0.01-0.040.26-0.33-0.10.250.180.450.250.780.330.68-0.040.250.130.110.140.080.25
0.920.590.910.830.00.570.520.440.750.70.870.750.810.480.860.16-0.280.30.440.880.930.920.380.660.75
0.440.240.590.5-0.630.570.03-0.030.290.930.490.410.460.040.38-0.26-0.050.08-0.030.340.460.54-0.090.560.46
0.650.020.560.28-0.010.520.030.990.64-0.030.530.320.27-0.070.6-0.3-0.33-0.270.990.630.670.570.760.180.23
0.56-0.090.50.18-0.040.44-0.030.990.58-0.110.460.210.16-0.110.5-0.37-0.38-0.361.00.540.580.480.740.080.12
0.830.620.760.670.260.750.290.640.580.40.620.650.590.320.80.11-0.210.370.580.840.830.80.280.550.64
0.590.540.640.7-0.330.70.93-0.03-0.110.40.550.590.640.240.560.080.070.39-0.110.510.590.7-0.060.720.68
0.820.390.840.73-0.10.870.490.530.460.620.550.670.730.240.78-0.1-0.320.070.470.850.840.760.420.640.66
0.850.730.590.970.250.750.410.320.210.650.590.670.980.280.890.430.230.550.220.840.830.810.370.90.93
0.840.70.620.970.180.810.460.270.160.590.640.730.980.320.880.430.170.510.170.830.830.810.360.880.92
0.320.610.510.330.450.480.04-0.07-0.110.320.240.240.280.320.230.58-0.160.61-0.110.280.30.34-0.150.110.21
0.980.70.730.90.250.860.380.60.50.80.560.780.890.880.230.290.080.430.50.970.970.940.580.810.89
0.220.71-0.050.410.780.16-0.26-0.3-0.370.110.08-0.10.430.430.580.290.470.83-0.370.220.170.22-0.030.270.43
-0.030.35-0.350.140.33-0.28-0.05-0.33-0.38-0.210.07-0.320.230.17-0.160.080.470.51-0.38-0.07-0.07-0.050.140.230.2
0.390.930.240.560.680.30.08-0.27-0.360.370.390.070.550.510.610.430.830.51-0.350.380.330.42-0.140.50.59
0.56-0.080.50.18-0.040.44-0.030.991.00.58-0.110.470.220.17-0.110.5-0.37-0.38-0.350.540.590.480.740.090.12
0.970.670.780.870.250.880.340.630.540.840.510.850.840.830.280.970.22-0.070.380.540.970.910.530.730.85
1.00.630.840.860.130.930.460.670.580.830.590.840.830.830.30.970.17-0.070.330.590.970.960.580.720.82
0.970.70.850.880.110.920.540.570.480.80.70.760.810.810.340.940.22-0.050.420.480.910.960.480.780.84
0.570.080.310.330.140.38-0.090.760.740.28-0.060.420.370.36-0.150.58-0.030.14-0.140.740.530.580.480.250.3
0.740.670.550.90.080.660.560.180.080.550.720.640.90.880.110.810.270.230.50.090.730.720.780.250.9
0.830.790.560.970.250.750.460.230.120.640.680.660.930.920.210.890.430.20.590.120.850.820.840.30.9
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Primis Financial Account Relationship Matchups

Primis Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.1B3.4B3.6B3.9B4.1B
Short Long Term Debt Total186.8M233.9M205.0M428.9M115.9M125.7M
Total Current Liabilities121.6M1.9B2.3B2.7B2.0B2.1B
Total Stockholder Equity377.2M390.6M411.9M394.4M397.3M205.2M
Net Debt154.9M27.4M(328.6M)348.2M38.4M59.0M
Retained Earnings69.5M78.0M99.4M107.3M84.1M88.4M
Cash31.9M196.2M530.2M77.9M77.6M65.8M
Non Current Assets Total385.6M339.6M440.0M388.3M3.8B4.0B
Non Currrent Assets Other(11.8M)(14.6M)(9.6M)(18.3M)3.6B3.8B
Other Assets2.1B2.4B2.2B2.9B3.3B3.5B
Cash And Short Term Investments196.7M349.4M801.5M314.2M77.6M128.6M
Common Stock Total Equity241K243K245K246K282.9K151.5K
Common Stock Shares Outstanding24.3M24.4M24.6M24.7M24.7M15.4M
Liabilities And Stockholders Equity2.7B3.1B3.4B3.6B534.7M508.0M
Non Current Liabilities Total186.8M223.6M201.5M3.2B115.9M110.1M
Other Stockholder Equity306.8M308.9M311.1M312.7M359.6M377.6M
Total Liab2.3B223.6M201.5M3.2B115.9M110.1M
Total Current Assets196.7M369.4M813.4M314.2M77.6M73.7M
Short Term Debt121.6M118.6M110.0M333.6M3.0M2.9M
Common Stock241K243K245K246K397.3M417.2M
Other Liab20.5M25.9M18.1M22.2M25.6M26.8M
Accounts Payable2.1B2.4B2.8B2.7B3.1B3.3B
Short Term Investments164.8M153.2M271.3M236.3M228.4M239.8M
Intangible Assets7.2M5.8M4.5M3.3M95.4M100.2M
Property Plant Equipment31.2M37.8M42.0M28.4M32.6M19.2M
Property Plant And Equipment Net39.2M37.8M36.3M30.6M31.3M18.8M
Other Current Assets38.2M219.3M543.2M94.8M84.3M80.1M
Property Plant And Equipment Gross39.2M37.8M54.6M30.6M48.8M51.2M
Accumulated Other Comprehensive Income783K3.5M1.1M(25.9M)(23.3M)(22.1M)
Long Term Debt56.7M215.3M95.0M420.3M146.0M82.6M
Inventory5.1M(46.4M)(219.3M)(543.2M)(488.9M)(464.4M)
Other Current Liab(121.6M)1.8B2.2B2.3B2.0B1.4B
Net Tangible Assets268.1M282.8M305.5M286.5M329.5M201.2M
Retained Earnings Total Equity69.5M78.0M99.4M107.3M123.4M129.5M
Capital Surpluse306.8M308.9M311.1M312.7M359.6M225.0M
Long Term Investments2.3B194.0M2.3B249.8M240.1M228.1M
Non Current Liabilities Other41.9M50.2M37.2M34.4M39.6M36.5M

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