Premium Cash vs Cash And Short Term Investments Analysis
PBH Stock | CAD 79.63 1.66 2.04% |
Premium Brands financial indicator trend analysis is much more than just breaking down Premium Brands Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Premium Brands Holdings is a good investment. Please check the relationship between Premium Brands Cash and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premium Brands 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 board of governors.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Premium Brands Holdings Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between Premium Brands' Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Premium Brands Holdings, assuming nothing else is changed. The correlation between historical values of Premium Brands' Cash and Cash 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 Cash of Premium Brands Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Premium Brands' Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash
Cash refers to the most liquid asset of Premium Brands Holdings, which is listed under current asset account on Premium Brands Holdings balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Premium Brands customers. The amounts must be unrestricted with restricted cash listed in a different Premium Brands account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Premium Brands Holdings balance sheet. This account contains Premium Brands investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Premium Brands Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Premium Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Premium Brands 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 Premium Brands 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 board of governors. At this time, Premium Brands' Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Discontinued Operations is likely to grow to about 866 M, while Tax Provision is likely to drop about 36.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 901.9M | 1.1B | 1.0B | 1.1B | Total Revenue | 4.9B | 6.0B | 6.3B | 6.6B |
Premium Brands fundamental ratios Correlations
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Premium Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Premium Brands fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.9B | 3.5B | 4.4B | 5.1B | 5.2B | 5.4B | |
Short Long Term Debt Total | 1.3B | 1.3B | 1.9B | 2.6B | 2.6B | 2.8B | |
Other Current Liab | 74.6M | 47.2M | 45.8M | 75.5M | 111.1M | 116.7M | |
Total Current Liabilities | 452.5M | 493.8M | 581.2M | 564.8M | 637.9M | 669.8M | |
Total Stockholder Equity | 1.1B | 1.6B | 1.8B | 1.8B | 1.8B | 1.9B | |
Property Plant And Equipment Net | 802.5M | 853.4M | 1.1B | 1.4B | 1.7B | 1.8B | |
Net Debt | 1.3B | 966.7M | 1.9B | 2.5B | 2.6B | 2.7B | |
Retained Earnings | 19.9M | 11.2M | 35.6M | 63.8M | 18.8M | 19.7M | |
Accounts Payable | 285M | 369.3M | 445.5M | 419.4M | 470.9M | 494.4M | |
Cash | 18.4M | 363M | 16.5M | 11.4M | 27.6M | 22.5M | |
Non Current Assets Total | 2.2B | 2.3B | 3.2B | 3.7B | 3.8B | 4.0B | |
Non Currrent Assets Other | 19.1M | 18.4M | 18.8M | 23.7M | 22.7M | 23.8M | |
Cash And Short Term Investments | 18.4M | 363M | 16.5M | 11.4M | 27.6M | 22.5M | |
Net Receivables | 346.5M | 387M | 521.7M | 590.8M | 509.9M | 535.4M | |
Common Stock Shares Outstanding | 36M | 39M | 43.7M | 44.8M | 44.6M | 22.7M | |
Liabilities And Stockholders Equity | 2.9B | 3.5B | 4.4B | 5.1B | 5.2B | 5.4B | |
Non Current Liabilities Total | 1.4B | 1.5B | 2.1B | 2.7B | 2.8B | 2.9B | |
Inventory | 396.2M | 448.8M | 645.2M | 786.1M | 746.7M | 784.0M | |
Other Current Assets | 19.4M | 25.8M | 28.6M | 38M | 43.8M | 46.0M | |
Other Stockholder Equity | 27.7M | 17.1M | 25M | 46.6M | 41.9M | 63.1M | |
Total Liab | 1.9B | 1.9B | 2.6B | 3.3B | 3.4B | 3.6B | |
Property Plant And Equipment Gross | 802.5M | 853.4M | 1.8B | 2.3B | 2.8B | 3.0B | |
Total Current Assets | 780.5M | 1.2B | 1.2B | 1.4B | 1.3B | 1.4B | |
Accumulated Other Comprehensive Income | 27.7M | 17.1M | 25M | 46.6M | 43.8M | 46.0M | |
Short Term Debt | 64.7M | 35.7M | 53.8M | 69.9M | 55.9M | 35.5M | |
Intangible Assets | 490.2M | 517.9M | 526.3M | 558.5M | 540.6M | 567.6M | |
Current Deferred Revenue | 28.2M | 41.6M | 36.1M | 34.4M | 39.6M | 41.5M | |
Good Will | 780.2M | 853.4M | 1.0B | 1.1B | 1.1B | 1.1B | |
Common Stock Total Equity | 482.2M | 753.9M | 1.0B | 1.6B | 1.8B | 1.9B | |
Common Stock | 1.0B | 1.6B | 1.7B | 1.7B | 1.7B | 951.7M | |
Other Liab | 143.2M | 156.1M | 171.4M | 211.5M | 243.2M | 255.4M | |
Net Tangible Assets | (199.2M) | 226.7M | 246.4M | 161.5M | 145.4M | 138.1M | |
Other Assets | 19.1M | 18.4M | 18.8M | 23.7M | 21.3M | 15.1M | |
Long Term Debt | 964.1M | 951.3M | 1.4B | 1.9B | 2.0B | 1.0B | |
Long Term Investments | 64.6M | 74.2M | 568.8M | 538.9M | 453.5M | 476.2M | |
Short Long Term Debt | 49M | 9.5M | 20.9M | 24.5M | 2M | 1.9M | |
Property Plant Equipment | 802.5M | 853.4M | 1.1B | 1.4B | 1.7B | 1.7B | |
Long Term Debt Total | 1.3B | 1.3B | 1.9B | 2.5B | 2.9B | 3.0B |
Pair Trading with Premium Brands
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Premium Brands position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Premium Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Premium Stock
Moving against Premium Stock
The ability to find closely correlated positions to Premium Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Brands when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Premium Brands - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Premium Brands Holdings to buy it.
The correlation of Premium Brands is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Premium Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Brands Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Premium Brands can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Premium Stock
Balance Sheet is a snapshot of the financial position of Premium Brands Holdings at a specified time, usually calculated after every quarter, six months, or one year. Premium Brands Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Premium Brands 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 Premium currently owns. An asset can also be divided into two categories, current and non-current.