Profound Net Debt vs Short Long Term Debt Total Analysis
PRN Stock | CAD 10.70 0.14 1.29% |
Profound Medical financial indicator trend analysis is much more than just breaking down Profound Medical Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Profound Medical Corp is a good investment. Please check the relationship between Profound Medical Net Debt and its Short Long Term Debt Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. 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.
Net Debt vs Short Long Term Debt Total
Net Debt vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Profound Medical Corp Net Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Profound Medical's Net Debt and Short Long Term Debt Total is 0.19. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Profound Medical Corp, assuming nothing else is changed. The correlation between historical values of Profound Medical's Net Debt and Short Long Term Debt Total 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 Debt of Profound Medical Corp are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Debt i.e., Profound Medical's Net Debt and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.Short Long Term Debt Total
Most indicators from Profound Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Profound Medical Corp 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 Profound Medical Corp. 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, Profound Medical's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 206.9 M, while Selling General Administrative is likely to drop about 6.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 303K | 174K | 770K | 718.0K | Depreciation And Amortization | 2.4M | 2.1M | 1.5M | 1.4M |
Profound Medical fundamental ratios Correlations
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Profound Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Profound Medical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 29.9M | 104.6M | 86.8M | 64.4M | 43.9M | 46.2M | |
Short Long Term Debt Total | 13.0M | 1.7M | 1.4M | 8.2M | 7.9M | 6.9M | |
Other Current Liab | 530.0K | 757K | 248K | 919K | 1.1M | 703.0K | |
Total Current Liabilities | 8.2M | 4.8M | 4.2M | 4.2M | 6.4M | 5.1M | |
Total Stockholder Equity | 14.3M | 97.4M | 80.6M | 52.0M | 31.2M | 36.2M | |
Property Plant And Equipment Net | 2.2M | 2.3M | 1.9M | 1.7M | 1.5M | 1.4M | |
Current Deferred Revenue | 501.2K | 358K | 477K | 471K | 721K | 384.1K | |
Net Debt | (3.8M) | (82.2M) | (65.8M) | (38.3M) | (18.3M) | (19.2M) | |
Retained Earnings | (100.3M) | (130.0M) | (160.7M) | (189.4M) | (217.9M) | (207.0M) | |
Accounts Payable | 3.0M | 3.4M | 3.2M | 2.0M | 3.3M | 2.7M | |
Cash | 14.7M | 83.9M | 67.2M | 46.5M | 26.2M | 32.4M | |
Non Current Assets Total | 7.2M | 6.9M | 9.7M | 2.4M | 2.0M | 1.9M | |
Cash And Short Term Investments | 14.7M | 83.9M | 67.2M | 46.5M | 26.2M | 33.2M | |
Net Receivables | 3.3M | 7.4M | 1.4M | 6.3M | 7.3M | 3.7M | |
Common Stock Total Equity | 98.4M | 120.9M | 130.3M | 211.5M | 243.3M | 255.4M | |
Common Stock Shares Outstanding | 11.1M | 17.3M | 20.5M | 20.8M | 21.2M | 12.5M | |
Liabilities And Stockholders Equity | 29.9M | 104.6M | 86.8M | 64.4M | 43.9M | 46.2M | |
Non Current Liabilities Total | 7.4M | 2.4M | 2.0M | 8.2M | 6.4M | 5.2M | |
Inventory | 3.6M | 5.3M | 7.4M | 7.9M | 7.0M | 3.9M | |
Other Current Assets | 1.0M | 1.1M | 1.1M | 1.2M | 1.4M | 1.5M | |
Other Stockholder Equity | 15.0M | 11.3M | 17.0M | 18.7M | 19.7M | 11.3M | |
Total Liab | 15.6M | 7.3M | 6.2M | 12.4M | 12.7M | 10.1M | |
Property Plant And Equipment Gross | 2.9M | 2.3M | 1.9M | 1.7M | 4.8M | 5.0M | |
Total Current Assets | 22.7M | 97.7M | 77.1M | 62.0M | 41.9M | 41.4M | |
Accumulated Other Comprehensive Income | (89.7K) | 4.6M | 4.7M | 16.8M | 12.0M | 12.6M | |
Short Term Debt | 4.1M | 312K | 250K | 762K | 2.4M | 1.7M | |
Intangible Assets | 2.4M | 1.9M | 1.4M | 680K | 490K | 465.5K | |
Common Stock | 99.7M | 211.5M | 219.6M | 205.8M | 217.4M | 135.6M | |
Other Liab | 654K | 1.1M | 875K | 764K | 878.6K | 1.1M | |
Net Tangible Assets | 9.3M | 92.8M | 76.5M | 51.3M | 59.0M | 38.9M | |
Long Term Debt | 10.6M | 6.7M | 0.0 | 6.7M | 5M | 5.3M | |
Long Term Debt Total | 8.8M | 1.4M | 1.1M | 7.5M | 8.6M | 5.4M | |
Capital Surpluse | 19.6M | 11.3M | 17.0M | 18.7M | 21.5M | 13.0M | |
Short Long Term Debt | 4.7M | 1.3M | 5.1M | 523K | 2.1M | 2.7M | |
Property Plant Equipment | 2.2M | 2.3M | 1.9M | 1.7M | 2.0M | 1.7M | |
Net Invested Capital | 23.4M | 97.4M | 80.6M | 59.2M | 38.3M | 53.8M |
Pair Trading with Profound Medical
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 Profound Medical 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 Profound Medical will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical 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 Profound Medical - 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 Profound Medical Corp to buy it.
The correlation of Profound Medical 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 Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical Corp 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 Profound Medical 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. 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. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.