Pan Total Current Liabilities vs Short Term Investments Analysis

PAAS Stock  USD 23.94  0.82  3.55%   
Pan American financial indicator trend analysis is much more than just breaking down Pan American Silver prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pan American Silver is a good investment. Please check the relationship between Pan American Total Current Liabilities and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pan American Silver. 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.

Total Current Liabilities vs Short Term Investments

Total Current Liabilities vs Short Term Investments Correlation Analysis

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

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

Total Current Liabilities is an item on Pan American balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Pan American Silver 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Pan American balance sheet. It contains any investments Pan American Silver undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Pan American Silver can easily liquidate in the marketplace.
Most indicators from Pan American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pan American Silver 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 Pan American Silver. 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.
At this time, Pan American's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 64.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 133 K in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue1.3B1.4B2.1B2.2B
Other Operating Expenses1.3B1.6B2.3B2.4B

Pan American fundamental ratios Correlations

0.950.820.960.940.940.72-0.670.710.660.940.90.420.90.920.970.9-0.20.940.91-0.230.840.870.170.830.83
0.950.870.960.991.00.74-0.460.620.81.00.940.560.810.970.950.93-0.10.980.95-0.150.920.750.060.790.91
0.820.870.910.870.850.59-0.360.260.670.860.860.430.680.820.920.75-0.190.850.85-0.190.740.680.050.820.71
0.960.960.910.940.960.74-0.570.560.690.960.950.420.810.930.990.93-0.090.960.91-0.270.870.860.180.890.85
0.940.990.870.940.980.67-0.390.60.840.990.920.630.820.940.940.92-0.090.960.97-0.070.870.730.080.770.86
0.941.00.850.960.980.78-0.480.640.781.00.940.520.780.990.950.94-0.110.990.92-0.20.940.750.050.790.93
0.720.740.590.740.670.78-0.640.670.310.770.810.020.550.860.710.71-0.160.840.53-0.450.920.65-0.030.680.92
-0.67-0.46-0.36-0.57-0.39-0.48-0.64-0.66-0.02-0.48-0.460.29-0.55-0.54-0.59-0.450.47-0.55-0.320.62-0.52-0.72-0.11-0.51-0.52
0.710.620.260.560.60.640.67-0.660.350.630.580.220.760.660.570.6-0.160.650.56-0.110.680.570.080.420.68
0.660.80.670.690.840.780.31-0.020.350.780.650.870.560.720.680.730.130.720.870.160.650.36-0.130.40.64
0.941.00.860.960.991.00.77-0.480.630.780.940.520.790.980.950.93-0.120.990.93-0.20.930.760.060.80.93
0.90.940.860.950.920.940.81-0.460.580.650.940.410.780.930.930.89-0.030.950.87-0.20.910.790.230.90.89
0.420.560.430.420.630.520.020.290.220.870.520.410.460.430.40.470.350.430.740.620.370.04-0.170.130.35
0.90.810.680.810.820.780.55-0.550.760.560.790.780.460.740.840.71-0.160.770.860.030.670.730.150.690.65
0.920.970.820.930.940.990.86-0.540.660.720.980.930.430.740.920.91-0.131.00.86-0.290.980.74-0.010.770.98
0.970.950.920.990.940.950.71-0.590.570.680.950.930.40.840.920.88-0.210.950.91-0.280.840.860.180.890.83
0.90.930.750.930.920.940.71-0.450.60.730.930.890.470.710.910.880.110.930.85-0.220.860.810.230.80.86
-0.2-0.1-0.19-0.09-0.09-0.11-0.160.47-0.160.13-0.12-0.030.35-0.16-0.13-0.210.11-0.12-0.010.49-0.07-0.190.06-0.12-0.08
0.940.980.850.960.960.990.84-0.550.650.720.990.950.430.771.00.950.93-0.120.88-0.290.960.780.030.810.96
0.910.950.850.910.970.920.53-0.320.560.870.930.870.740.860.860.910.85-0.010.880.090.780.660.060.70.76
-0.23-0.15-0.19-0.27-0.07-0.2-0.450.62-0.110.16-0.2-0.20.620.03-0.29-0.28-0.220.49-0.290.09-0.3-0.5-0.15-0.37-0.32
0.840.920.740.870.870.940.92-0.520.680.650.930.910.370.670.980.840.86-0.070.960.78-0.30.66-0.080.711.0
0.870.750.680.860.730.750.65-0.720.570.360.760.790.040.730.740.860.81-0.190.780.66-0.50.660.510.920.66
0.170.060.050.180.080.05-0.03-0.110.08-0.130.060.23-0.170.15-0.010.180.230.060.030.06-0.15-0.080.510.51-0.08
0.830.790.820.890.770.790.68-0.510.420.40.80.90.130.690.770.890.8-0.120.810.7-0.370.710.920.510.7
0.830.910.710.850.860.930.92-0.520.680.640.930.890.350.650.980.830.86-0.080.960.76-0.321.00.66-0.080.7
Click cells to compare fundamentals

Pan American Account Relationship Matchups

Pan American fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding201.6M210.3M210.4M210.5M326.5M342.9M
Total Assets3.5B3.4B3.5B3.2B7.2B7.6B
Other Current Liab32.1M181.9M208.1M218.4M301M316.1M
Total Current Liabilities271.7M361.8M387.7M380.8M624.2M655.4M
Total Stockholder Equity2.5B2.6B2.6B2.2B4.8B5.0B
Property Plant And Equipment Net2.5B2.4B2.3B2.2B5.7B6.0B
Net Debt195.6M(133.5M)(237.7M)119.8M402M422.1M
Retained Earnings(754.7M)(623.0M)(598.0M)(1.0B)(1.3B)(1.2B)
Accounts Payable225.3M80.3M77.5M88.8M198.2M208.1M
Cash120.6M167.1M283.6M107.0M399.6M419.6M
Non Current Assets Total2.7B2.6B2.5B2.4B5.8B6.1B
Non Currrent Assets Other42.1M28.4M35.5M35.9M67.6M71.0M
Cash And Short Term Investments238.3M279.1M335.3M142.3M440.9M462.9M
Net Receivables186.0M149.8M148.4M176.6M200.9M210.9M
Liabilities And Stockholders Equity3.5B3.4B3.5B3.2B7.2B7.6B
Non Current Liabilities Total722.2M466.3M494.9M666.0M1.8B1.9B
Inventory346.5M406.2M500.5M471.6M711.6M747.2M
Other Current Assets16.8M21.9M17.0M13.9M36.6M38.4M
Other Stockholder Equity94.3M93.4M126.4K93.3M94M89.3M
Total Liab993.8M828.0M882.6M1.0B2.4B2.6B
Total Current Assets788.9M856.9M1.0B804.4M1.4B1.5B
Accumulated Other Comprehensive Income(2.7B)93.4M93.2M(3.0M)(30.3M)(31.8M)
Short Term Investments117.8M111.9M51.7M35.3M41.3M39.2M
Short Long Term Debt Total316.2M33.6M45.9M226.8M801.6M841.7M
Other Liab399.4M424.8M442.3M445.7M512.6M538.2M
Other Assets80.5M87.6M91.4M91.7M105.5M110.8M
Short Term Debt14.2M12.8M10.7M27.3M52.4M55.0M
Common Stock3.1B3.1B3.1B3.1B6.0B6.3B
Property Plant Equipment2.5B2.4B2.3B2.2B2.6B2.7B
Common Stock Total Equity2.3B2.3B3.1B3.1B3.6B2.7B
Net Tangible Assets2.5B2.6B2.6B2.2B2.5B2.1B
Long Term Investments70.6M84.3M71.6M78.7M123.3M0.0

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Additional Tools for Pan Stock Analysis

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