Patriot Total Assets vs Accounts Payable Analysis
PNBK Stock | USD 2.62 0.06 2.24% |
Patriot National financial indicator trend analysis is much more than just breaking down Patriot National Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patriot National Bancorp is a good investment. Please check the relationship between Patriot National Total Assets and its Accounts Payable accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patriot National Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Total Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patriot National Bancorp Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Patriot National's Total Assets and Accounts Payable is 0.33. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Patriot National Bancorp, assuming nothing else is changed. The correlation between historical values of Patriot National's Total Assets and Accounts Payable 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 Assets of Patriot National Bancorp are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., Patriot National's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Patriot National assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Patriot National Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Patriot National obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Patriot National Bancorp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Patriot National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patriot National Bancorp 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 Patriot National Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. Enterprise Value is expected to rise to about 172 M this year, although the value of Selling General Administrative will most likely fall to about 10.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 7.1M | 10.8M | 30.5M | 32.0M | Depreciation And Amortization | 1.4M | 1.3M | 1.4M | 893.9K |
Patriot National fundamental ratios Correlations
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Patriot National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patriot National fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 979.8M | 880.7M | 948.5M | 1.0B | 1.1B | 622.4M | |
Short Long Term Debt Total | 130.9M | 120.8M | 120.7M | 115.2M | 201.1M | 211.2M | |
Total Stockholder Equity | 67.0M | 63.2M | 67.3M | 59.6M | 44.4M | 44.9M | |
Property Plant And Equipment Net | 34.6M | 33.4M | 31.5M | 30.6M | 31.6M | 33.2M | |
Net Debt | 91.5M | 86.2M | 73.7M | 76.7M | 148.6M | 156.0M | |
Retained Earnings | (38.8M) | (42.6M) | (37.5M) | (31.3M) | (47.0M) | (44.7M) | |
Cash | 39.4M | 34.6M | 47.0M | 38.5M | 52.5M | 41.7M | |
Non Current Assets Total | 89.1M | 88.6M | 131.7M | 47.5M | 1.0B | 800.0M | |
Non Currrent Assets Other | (11.1M) | (11.5M) | (12.1M) | (89.0M) | 868.8M | 912.2M | |
Other Assets | 799.4M | 701.6M | 669.6M | 60.9M | 22.6M | 23.7M | |
Cash And Short Term Investments | 87.7M | 83.9M | 141.4M | 89.7M | 52.5M | 59.2M | |
Common Stock Shares Outstanding | 3.9M | 3.9M | 4.0M | 3.9M | 4.0M | 2.1M | |
Liabilities And Stockholders Equity | 979.8M | 880.7M | 948.5M | 1.0B | 1.1B | 622.4M | |
Non Current Liabilities Total | 130.9M | 120.8M | 120.7M | 983.8M | 1.0B | 1.1B | |
Other Stockholder Equity | 13.9M | (42.6M) | (1.6M) | (15.6M) | (1.0) | (0.95) | |
Total Liab | 130.9M | 120.8M | 120.7M | 983.8M | 1.0B | 1.1B | |
Total Current Assets | 91.3M | 90.5M | 147.2M | 935.0M | 52.5M | 49.9M | |
Net Receivables | 3.6M | 6.6M | 5.8M | 845.3M | 7.2M | 6.9M | |
Accumulated Other Comprehensive Income | (403K) | (518K) | (1.6M) | (15.6M) | (15.3M) | (14.5M) | |
Common Stock | 106.2M | 106.3M | 106.5M | 106.6M | 106.7M | 112.0M | |
Other Liab | 3.7M | 3.8M | 1.1M | 886K | 1.0M | 968.0K | |
Accounts Payable | 8.7M | 685.7M | 748.6M | 860.4M | 989.5M | 1.0B | |
Long Term Debt | 30.9M | 120.8M | 120.7M | 115.2M | 201.1M | 211.2M | |
Short Term Investments | 48.3M | 49.3M | 94.3M | 84.5M | 89.2M | 84.7M | |
Other Current Assets | 45.4M | 43.2M | 52.9M | 45.8M | 76.6M | 72.8M | |
Property Plant And Equipment Gross | 34.6M | 49.2M | 47.3M | 47.7M | 48.0M | 50.4M | |
Intangible Assets | 623K | 343K | 296K | 249K | 203K | 377.3K | |
Property Plant Equipment | 34.6M | 33.4M | 31.5M | 32.9M | 37.8M | 39.7M | |
Total Current Liabilities | 100.8M | 172.0M | 239.8M | 326.0M | 283.1M | 195.9M | |
Short Term Debt | 10.7M | 12.8M | 12.7M | 55.8M | 171.8M | 180.4M | |
Inventory | (45.4M) | (43.2M) | (52.9M) | 792.2M | (59.7M) | (56.7M) | |
Other Current Liab | 90.1M | 159.2M | 227.1M | 270.2M | 111.3M | 189.4M | |
Net Tangible Assets | 65.3M | 61.8M | 65.9M | 58.2M | 67.0M | 65.0M | |
Retained Earnings Total Equity | (38.8M) | (35.8M) | (38.8M) | (42.6M) | (49.0M) | (51.4M) | |
Long Term Debt Total | 21.4M | 31.0M | 30.9M | 30.8M | 27.7M | 23.4M | |
Long Term Investments | 70.4M | 53.7M | 98.8M | 89.0M | 93.6M | 53.8M |
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patriot National. If investors know Patriot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patriot National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share (7.40) | Revenue Per Share 6.099 | Quarterly Revenue Growth (0.45) | Return On Assets (0.01) |
The market value of Patriot National Bancorp is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot National's value that differs from its market value or its book value, called intrinsic value, which is Patriot National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patriot National's market value can be influenced by many factors that don't directly affect Patriot National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patriot National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.