Primaris Property Plant Equipment vs Net Debt Analysis

PMZ-UN Stock

16.12 0.06 0.37%

Primaris Retail financial indicator trend analysis is much more than just breaking down Primaris Retail RE prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primaris Retail RE is a good investment. Please check the relationship between Primaris Retail Property Plant Equipment and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primaris Retail RE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Property Plant Equipment vs Net Debt

Property Plant Equipment vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primaris Retail RE Property Plant Equipment account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Primaris Retail's Property Plant Equipment and Net Debt is 0.43. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Net Debt in the same time period over historical financial statements of Primaris Retail RE, assuming nothing else is changed. The correlation between historical values of Primaris Retail's Property Plant Equipment and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Primaris Retail RE are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant Equipment i.e., Primaris Retail's Property Plant Equipment and Net Debt go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Property Plant Equipment

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Primaris Retail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primaris Retail RE 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 Primaris Retail RE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, Primaris Retail's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 15.87, whereas Selling General Administrative is forecasted to decline to about 15.2 M.

	2021	2022	2023	2024 (projected)
Gross Profit	141.6M	211.8M	233.6M	179.9M
Total Revenue	254.0M	380.1M	411.0M	291.5M

Gross Profit Total Revenue

Primaris Retail fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Other Liab	Net Tangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.41	0.19	0.06	0.95	0.49	0.39	0.41	-0.17	0.67	1.0	-0.13	0.67	0.23	0.75	0.76	0.17	0.34	0.91	0.35	0.08	-0.27	-0.03	0.42	0.36	0.42
Short Long Term Debt Total	0.41		0.06	-0.29	0.33	0.3	1.0	0.5	-0.3	0.36	0.4	0.03	0.36	0.04	0.23	0.51	0.37	-0.01	0.45	0.3	-0.17	-0.41	-0.26	0.41	0.35	0.45
Other Current Liab	0.19	0.06		-0.11	0.12	0.66	0.05	0.27	-0.31	0.1	0.21	-0.62	0.1	-0.43	0.29	0.27	0.05	-0.19	0.26	-0.15	-0.5	0.15	-0.25	-0.32	-0.35	-0.28
Total Current Liabilities	0.06	-0.29	-0.11		0.18	-0.26	-0.29	-0.02	0.6	-0.42	0.08	-0.27	-0.42	0.42	0.61	-0.52	-0.54	-0.61	-0.11	-0.25	0.74	0.21	0.04	-0.3	-0.24	-0.34
Total Stockholder Equity	0.95	0.33	0.12	0.18		0.27	0.31	0.31	-0.28	0.42	0.95	-0.07	0.42	0.42	0.78	0.55	-0.01	0.18	0.73	0.24	0.34	-0.2	0.12	0.52	0.5	0.49
Property Plant And Equipment Net	0.49	0.3	0.66	-0.26	0.27		0.28	0.23	-0.07	0.59	0.49	-0.62	0.59	-0.69	0.37	0.71	0.41	0.22	0.69	0.08	-0.62	0.03	-0.2	-0.25	-0.39	-0.18
Net Debt	0.39	1.0	0.05	-0.29	0.31	0.28		0.48	-0.3	0.34	0.38	0.02	0.34	0.04	0.22	0.49	0.34	-0.02	0.42	0.27	-0.15	-0.39	-0.24	0.4	0.34	0.43
Retained Earnings	0.41	0.5	0.27	-0.02	0.31	0.23	0.48		0.01	0.47	0.39	0.24	0.47	0.25	0.35	0.42	0.53	-0.08	0.48	0.76	-0.22	-0.83	-0.8	0.33	0.31	0.4
Accounts Payable	-0.17	-0.3	-0.31	0.6	-0.28	-0.07	-0.3	0.01		0.04	-0.17	-0.11	0.04	0.02	0.11	-0.24	-0.14	-0.13	0.01	-0.01	0.15	0.04	-0.31	-0.53	-0.56	-0.51
Cash	0.67	0.36	0.1	-0.42	0.42	0.59	0.34	0.47	0.04		0.65	0.09	1.0	-0.13	0.15	0.94	0.59	0.76	0.88	0.61	-0.54	-0.47	-0.36	0.23	0.14	0.29
Non Current Assets Total	1.0	0.4	0.21	0.08	0.95	0.49	0.38	0.39	-0.17	0.65		-0.16	0.65	0.23	0.76	0.74	0.14	0.33	0.9	0.32	0.09	-0.23	0.0	0.39	0.34	0.39
Non Currrent Assets Other	-0.13	0.03	-0.62	-0.27	-0.07	-0.62	0.02	0.24	-0.11	0.09	-0.16		0.09	0.5	-0.42	-0.05	0.37	0.28	-0.18	0.65	0.13	-0.69	-0.17	0.72	0.74	0.73
Cash And Short Term Investments	0.67	0.36	0.1	-0.42	0.42	0.59	0.34	0.47	0.04	1.0	0.65	0.09		-0.13	0.15	0.94	0.59	0.76	0.88	0.61	-0.54	-0.47	-0.36	0.23	0.14	0.29
Net Receivables	0.23	0.04	-0.43	0.42	0.42	-0.69	0.04	0.25	0.02	-0.13	0.23	0.5	-0.13		0.24	-0.22	-0.37	-0.12	-0.04	0.19	0.69	-0.29	-0.03	0.49	0.63	0.42
Common Stock Shares Outstanding	0.75	0.23	0.29	0.61	0.78	0.37	0.22	0.35	0.11	0.15	0.76	-0.42	0.15	0.24		0.23	-0.12	-0.31	0.58	0.06	0.43	-0.05	-0.03	0.07	0.05	0.06
Non Current Liabilities Total	0.76	0.51	0.27	-0.52	0.55	0.71	0.49	0.42	-0.24	0.94	0.74	-0.05	0.94	-0.22	0.23		0.56	0.69	0.91	0.49	-0.54	-0.37	-0.21	0.31	0.21	0.36
Other Current Assets	0.17	0.37	0.05	-0.54	-0.01	0.41	0.34	0.53	-0.14	0.59	0.14	0.37	0.59	-0.37	-0.12	0.56		0.38	0.39	0.82	-0.56	-0.73	-0.37	0.37	0.25	0.48
Other Stockholder Equity	0.34	-0.01	-0.19	-0.61	0.18	0.22	-0.02	-0.08	-0.13	0.76	0.33	0.28	0.76	-0.12	-0.31	0.69	0.38		0.5	0.35	-0.45	-0.16	0.13	0.25	0.22	0.26
Total Liab	0.91	0.45	0.26	-0.11	0.73	0.69	0.42	0.48	0.01	0.88	0.9	-0.18	0.88	-0.04	0.58	0.91	0.39	0.5		0.44	-0.27	-0.33	-0.23	0.22	0.12	0.26
Total Current Assets	0.35	0.3	-0.15	-0.25	0.24	0.08	0.27	0.76	-0.01	0.61	0.32	0.65	0.61	0.19	0.06	0.49	0.82	0.35	0.44		-0.22	-0.96	-0.53	0.6	0.54	0.68
Short Term Debt	0.08	-0.17	-0.5	0.74	0.34	-0.62	-0.15	-0.22	0.15	-0.54	0.09	0.13	-0.54	0.69	0.43	-0.54	-0.56	-0.45	-0.27	-0.22		0.15	0.42	0.23	0.32	0.14
Current Deferred Revenue	-0.27	-0.41	0.15	0.21	-0.2	0.03	-0.39	-0.83	0.04	-0.47	-0.23	-0.69	-0.47	-0.29	-0.05	-0.37	-0.73	-0.16	-0.33	-0.96	0.15		0.63	-0.64	-0.59	-0.71
Other Liab	-0.03	-0.26	-0.25	0.04	0.12	-0.2	-0.24	-0.8	-0.31	-0.36	0.0	-0.17	-0.36	-0.03	-0.03	-0.21	-0.37	0.13	-0.23	-0.53	0.42	0.63		0.01	0.09	-0.07
Net Tangible Assets	0.42	0.41	-0.32	-0.3	0.52	-0.25	0.4	0.33	-0.53	0.23	0.39	0.72	0.23	0.49	0.07	0.31	0.37	0.25	0.22	0.6	0.23	-0.64	0.01		0.96	0.99
Common Stock	0.36	0.35	-0.35	-0.24	0.5	-0.39	0.34	0.31	-0.56	0.14	0.34	0.74	0.14	0.63	0.05	0.21	0.25	0.22	0.12	0.54	0.32	-0.59	0.09	0.96		0.94
Property Plant Equipment	0.42	0.45	-0.28	-0.34	0.49	-0.18	0.43	0.4	-0.51	0.29	0.39	0.73	0.29	0.42	0.06	0.36	0.48	0.26	0.26	0.68	0.14	-0.71	-0.07	0.99	0.94

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Primaris Retail Account Relationship Matchups

Primaris Retail fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.1B	3.2B	3.2B	3.9B	2.5B
Short Long Term Debt Total	804.3M	301.4M	558.4M	1.0B	1.5B	927.7M
Other Current Liab	284.4M	3.0M	(188.1M)	72.6M	59.5M	51.0M
Total Current Liabilities	482.6M	812.6M	586.1M	556.8M	189.6M	264.1M
Total Stockholder Equity	1.6B	1.0B	2.2B	2.1B	2.1B	1.3B
Property Plant And Equipment Net	2.7B	2.1B	8.1M	10.4M	3.5B	2.0B
Net Debt	796.3M	286.4M	552.8M	996.6M	1.4B	889.1M
Accounts Payable	25.5M	501.1M	66.8M	34.1M	40.9M	76.0M
Cash	8.0M	15.0M	5.6M	11.0M	44.3M	29.9M
Non Current Assets Total	2.7B	2.1B	3.2B	3.1B	3.7B	2.5B
Cash And Short Term Investments	8.0M	15.0M	5.6M	11.0M	44.3M	29.9M
Net Receivables	7.4M	10.8M	38.0M	59.5M	8.0M	14.7M
Liabilities And Stockholders Equity	2.7B	2.1B	3.2B	3.2B	3.9B	2.5B
Non Current Liabilities Total	674.2M	320.6M	470.4M	557.4M	1.6B	982.7M
Other Current Assets	9.0M	(25.8M)	(28.0M)	(62.2M)	147.1M	154.5M
Total Liab	1.2B	1.1B	1.1B	1.1B	1.8B	1.2B
Total Current Assets	24.5M	31.3M	43.7M	83.2M	199.4M	209.4M
Short Term Debt	172.7M	308.5M	707.4M	450.1M	89.3M	84.8M
Other Liab	42.6M	29.2M	64.5M	27.2M	24.5M	32.9M
Net Tangible Assets	1.6B	1.0B	2.2B	2.1B	2.4B	1.9B
Common Stock	1.6B	1.0B	2.2B	2.2B	2.1B	2.0B
Property Plant Equipment	2.7B	2.1B	3.2B	3.1B	3.6B	3.0B

Pair Trading with Primaris Retail

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

The ability to find closely correlated positions to Primaris Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primaris Retail 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 Primaris Retail - 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 Primaris Retail RE to buy it.

The correlation of Primaris Retail 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 Primaris Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primaris Retail RE 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 Primaris Retail 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 Correlation Correlation Matching

Other Information on Investing in Primaris Stock

Balance Sheet is a snapshot of the financial position of Primaris Retail RE at a specified time, usually calculated after every quarter, six months, or one year. Primaris Retail Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Primaris Retail 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 Primaris currently owns. An asset can also be divided into two categories, current and non-current.

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Primaris Property Plant Equipment vs Net Debt Analysis

Property Plant Equipment vs Net Debt

Property Plant Equipment vs Net Debt Correlation Analysis

Correlation Coefficient

Property Plant Equipment

Net Debt

Primaris Retail fundamental ratios Correlations

Primaris Retail Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primaris Retail fundamental ratios Accounts

Pair Trading with Primaris Retail

Other Information on Investing in Primaris Stock

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant Equipment	+ 0.99	Net Tangible Assets
Common Stock	+ 0.96	Net Tangible Assets
Total Stockholder Equity	+ 0.95	Total Assets

Current Deferred Revenue	- 0.96	Total Current Assets
Current Deferred Revenue	- 0.83	Retained Earnings
Other Liab	- 0.8	Retained Earnings
Current Deferred Revenue	- 0.73	Other Current Assets
Property Plant Equipment	- 0.71	Current Deferred Revenue
Current Deferred Revenue	- 0.69	Non Currrent Assets Other