Phreesia Net Borrowings vs Change In Cash Analysis

PHR Stock  USD 25.07  0.52  2.12%   
Phreesia financial indicator trend analysis is much more than just breaking down Phreesia prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phreesia is a good investment. Please check the relationship between Phreesia Net Borrowings and its Change In Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phreesia. 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.
To learn how to invest in Phreesia Stock, please use our How to Invest in Phreesia guide.

Net Borrowings vs Change In Cash

Net Borrowings vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phreesia Net Borrowings account and Change In Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Phreesia's Net Borrowings and Change In Cash is -0.67. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Phreesia, assuming nothing else is changed. The correlation between historical values of Phreesia's Net Borrowings and Change In Cash 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 Borrowings of Phreesia are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Borrowings i.e., Phreesia's Net Borrowings and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change In Cash

Most indicators from Phreesia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phreesia 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 Phreesia. 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.
To learn how to invest in Phreesia Stock, please use our How to Invest in Phreesia guide.As of 12/13/2024, Tax Provision is likely to grow to about 1.6 M, while Selling General Administrative is likely to drop slightly above 53.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.2M1.4M1.9M1.8M
Depreciation And Amortization24.5M28.8M29.5M21.3M

Phreesia fundamental ratios Correlations

-0.830.890.890.98-0.870.970.880.89-0.93-0.810.770.930.80.840.6-0.940.930.890.930.98-0.87-0.910.710.140.91
-0.83-0.82-0.84-0.830.85-0.84-0.63-0.820.720.8-0.72-0.71-0.76-0.61-0.320.94-0.71-0.83-0.82-0.870.970.82-0.32-0.04-0.84
0.89-0.821.00.85-0.780.880.60.99-0.67-0.920.820.660.90.730.24-0.880.660.980.890.94-0.86-0.830.62-0.040.99
0.89-0.841.00.85-0.780.880.590.99-0.67-0.930.860.660.90.740.26-0.880.660.990.90.95-0.87-0.830.57-0.050.99
0.98-0.830.850.85-0.930.980.860.84-0.94-0.780.780.940.750.740.61-0.910.940.860.940.97-0.85-0.960.660.270.86
-0.870.85-0.78-0.78-0.93-0.95-0.7-0.730.810.77-0.75-0.82-0.73-0.5-0.390.88-0.82-0.79-0.93-0.90.860.98-0.49-0.36-0.75
0.97-0.840.880.880.98-0.950.820.86-0.87-0.870.80.890.850.710.46-0.940.890.880.990.97-0.9-0.980.640.220.88
0.88-0.630.60.590.86-0.70.820.62-0.96-0.520.460.970.560.760.74-0.80.970.580.740.78-0.69-0.740.710.260.64
0.89-0.820.990.990.84-0.730.860.62-0.68-0.920.840.670.90.810.3-0.880.670.990.880.94-0.86-0.790.61-0.131.0
-0.930.72-0.67-0.67-0.940.81-0.87-0.96-0.680.57-0.59-0.99-0.55-0.74-0.80.83-0.99-0.67-0.79-0.860.740.84-0.66-0.34-0.7
-0.810.8-0.92-0.93-0.780.77-0.87-0.52-0.920.57-0.88-0.6-0.98-0.7-0.110.86-0.6-0.94-0.92-0.880.870.82-0.490.15-0.92
0.77-0.720.820.860.78-0.750.80.460.84-0.59-0.880.590.770.650.34-0.720.590.910.850.87-0.73-0.820.320.010.85
0.93-0.710.660.660.94-0.820.890.970.67-0.99-0.60.590.60.740.76-0.841.00.670.820.86-0.75-0.850.680.320.7
0.8-0.760.90.90.75-0.730.850.560.9-0.55-0.980.770.60.720.07-0.870.60.890.90.84-0.87-0.770.58-0.220.9
0.84-0.610.730.740.74-0.50.710.760.81-0.74-0.70.650.740.720.62-0.760.740.760.680.77-0.66-0.580.73-0.340.81
0.6-0.320.240.260.61-0.390.460.740.3-0.8-0.110.340.760.070.62-0.40.760.290.350.49-0.27-0.430.460.250.32
-0.940.94-0.88-0.88-0.910.88-0.94-0.8-0.880.830.86-0.72-0.84-0.87-0.76-0.4-0.84-0.87-0.92-0.930.980.88-0.59-0.01-0.9
0.93-0.710.660.660.94-0.820.890.970.67-0.99-0.60.591.00.60.740.76-0.840.670.820.86-0.75-0.850.680.320.7
0.89-0.830.980.990.86-0.790.880.580.99-0.67-0.940.910.670.890.760.29-0.870.670.910.95-0.86-0.840.55-0.070.99
0.93-0.820.890.90.94-0.930.990.740.88-0.79-0.920.850.820.90.680.35-0.920.820.910.96-0.89-0.970.590.170.89
0.98-0.870.940.950.97-0.90.970.780.94-0.86-0.880.870.860.840.770.49-0.930.860.950.96-0.9-0.940.60.150.95
-0.870.97-0.86-0.87-0.850.86-0.9-0.69-0.860.740.87-0.73-0.75-0.87-0.66-0.270.98-0.75-0.86-0.89-0.90.86-0.43-0.01-0.88
-0.910.82-0.83-0.83-0.960.98-0.98-0.74-0.790.840.82-0.82-0.85-0.77-0.58-0.430.88-0.85-0.84-0.97-0.940.86-0.53-0.35-0.81
0.71-0.320.620.570.66-0.490.640.710.61-0.66-0.490.320.680.580.730.46-0.590.680.550.590.6-0.43-0.53-0.090.6
0.14-0.04-0.04-0.050.27-0.360.220.26-0.13-0.340.150.010.32-0.22-0.340.25-0.010.32-0.070.170.15-0.01-0.35-0.09-0.1
0.91-0.840.990.990.86-0.750.880.641.0-0.7-0.920.850.70.90.810.32-0.90.70.990.890.95-0.88-0.810.6-0.1
Click cells to compare fundamentals

Phreesia Account Relationship Matchups

Phreesia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets158.8M326.7M494.5M370.1M370.3M288.6M
Short Long Term Debt Total23.9M14.3M15.8M9.2M12.0M14.9M
Other Current Liab21.6M33.1M43.2M42.9M68.0M37.6M
Total Current Liabilities35.4M55.0M68.4M79.0M110.1M63.0M
Total Stockholder Equity101.9M263.3M417.3M287.8M251.4M148.2M
Net Tangible Assets91.7M241.8M353.2M254.1M292.2M306.8M
Property Plant And Equipment Net14.5M29.3M37.0M22.2M17.2M23.2M
Current Deferred Revenue5.4M10.8M16.5M17.7M24.1M13.5M
Net Debt(66.5M)(204.5M)(298.0M)(167.5M)(75.5M)(79.3M)
Retained Earnings(284.5M)(311.8M)(429.9M)(606.1M)(743.0M)(705.8M)
Accounts Payable6.0M4.4M5.1M10.8M8.5M6.5M
Cash90.3M218.8M313.8M176.7M87.5M141.3M
Non Current Assets Total27.2M54.4M108.1M107.6M174.6M183.4M
Non Currrent Assets Other180K1.7M6.6M5.0M3.9M3.3M
Other Assets2.5M3.6M7.1M5.1M1.00.95
Long Term Debt19.4M6.5M139K2.7M2.0M1.9M
Cash And Short Term Investments90.3M218.8M313.8M176.7M87.5M141.3M
Net Receivables22.0M29.1M40.3M51.4M64.9M37.1M
Good Will250K8.3M33.6M33.7M75.8M79.6M
Common Stock Total Equity19.9K366K449K542K623.3K654.5K
Common Stock Shares Outstanding20.3M39.5M49.9M52.4M54.6M34.6M
Long Term Debt Total21.5M6.5M7.4M2.7M2.5M2.3M
Liabilities And Stockholders Equity158.8M326.7M494.5M370.1M370.3M288.6M
Non Current Liabilities Total21.5M8.4M8.8M3.2M8.8M8.3M
Capital Surpluse386.4M579.6M860.7M927.0M1.1B1.1B
Capital Lease Obligations4.4M3.0M15.8M1.3M8.8M6.3M
Inventory6.9M8.9M1.6M1.1M768K729.6K
Other Current Assets12.4M22.7M30.6M33.3M42.5M26.2M
Other Stockholder Equity386.0M574.6M846.7M893.4M993.8M588.1M
Total Liab56.9M63.4M77.2M82.2M118.9M102.1M
Deferred Long Term Liab1.6M1.2M3.8M2.7M3.1M2.2M
Net Invested Capital121.3M274.6M417.3M295.7M254.6M162.4M
Property Plant And Equipment Gross14.5M29.3M90.3M82.1M94.0M53.1M
Short Long Term Debt2.3M4.9M5.8M5.2M1.1M1.0M
Total Current Assets131.5M272.3M386.3M262.4M195.7M207.0M
Treasury Stock(399K)(5.0M)(14.0M)(33.6M)(30.2M)(28.7M)
Cash And Equivalents90.3M218.8M313.8M176.7M203.2M148.8M
Net Working Capital96.2M217.3M317.9M183.4M85.6M144.0M

Pair Trading with Phreesia

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 Phreesia 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 Phreesia will appreciate offsetting losses from the drop in the long position's value.

Moving against Phreesia Stock

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The ability to find closely correlated positions to Phreesia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phreesia 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 Phreesia - 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 Phreesia to buy it.
The correlation of Phreesia 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 Phreesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phreesia 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 Phreesia 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.
Pair CorrelationCorrelation Matching

Additional Tools for Phreesia Stock Analysis

When running Phreesia's price analysis, check to measure Phreesia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phreesia is operating at the current time. Most of Phreesia's value examination focuses on studying past and present price action to predict the probability of Phreesia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phreesia's price. Additionally, you may evaluate how the addition of Phreesia to your portfolios can decrease your overall portfolio volatility.