PrairieSky Accounts Payable vs Total Liab Analysis
PSK Stock | CAD 28.99 0.20 0.69% |
PrairieSky Royalty financial indicator trend analysis is much more than just breaking down PrairieSky Royalty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PrairieSky Royalty is a good investment. Please check the relationship between PrairieSky Royalty Accounts Payable and its Total Liab accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrairieSky Royalty. 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.
Accounts Payable vs Total Liab
Accounts Payable vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PrairieSky Royalty Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have very week relationship.
The correlation between PrairieSky Royalty's Accounts Payable and Total Liab is 0.23. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of PrairieSky Royalty, assuming nothing else is changed. The correlation between historical values of PrairieSky Royalty's Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of PrairieSky Royalty are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., PrairieSky Royalty's Accounts Payable and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents PrairieSky Royalty 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 PrairieSky Royalty 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from PrairieSky Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PrairieSky Royalty 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 PrairieSky Royalty. 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, PrairieSky Royalty's Tax Provision is very stable compared to the past year. As of the 16th of December 2024, Enterprise Value Over EBITDA is likely to grow to 18.25, while Selling General Administrative is likely to drop about 28.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 202.6M | 490.9M | 365.5M | 228.9M | Total Revenue | 308M | 643.3M | 513.2M | 345.1M |
PrairieSky Royalty fundamental ratios Correlations
Click cells to compare fundamentals
PrairieSky Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PrairieSky Royalty fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.7B | 2.6B | 3.5B | 3.4B | 3.3B | 2.6B | |
Other Current Liab | 23.2M | 20.6M | 35.8M | 82.2M | 89.2M | 93.7M | |
Total Current Liabilities | 41M | 69.7M | 44.5M | 177.6M | 96.4M | 61.1M | |
Total Stockholder Equity | 2.5B | 2.3B | 2.6B | 2.8B | 2.8B | 2.3B | |
Property Plant And Equipment Net | 2.1B | 1.9B | 2.8B | 2.7B | 2.6B | 2.0B | |
Accounts Payable | 1.1M | 1.3M | 1.6M | 2.1M | 2.6M | 2.2M | |
Non Current Assets Total | 2.7B | 2.6B | 3.5B | 3.3B | 3.2B | 2.6B | |
Non Currrent Assets Other | 2.9B | 2.8B | 2.7B | 1.6B | 1.8B | 1.2B | |
Net Receivables | 37.3M | 27.2M | 52.4M | 80.3M | 61.6M | 51.5M | |
Liabilities And Stockholders Equity | 2.7B | 2.6B | 3.5B | 3.4B | 3.3B | 2.6B | |
Total Liab | 233.8M | 266.2M | 915.8M | 647.1M | 541.3M | 348.8M | |
Total Current Assets | 37.9M | 27.7M | 52.9M | 80.8M | 62.3M | 57.5M | |
Common Stock | 3.3B | 3.2B | 3.4B | 3.4B | 3.9B | 2.9B | |
Other Liab | 190.6M | 194.9M | 227M | 251.1M | 288.8M | 199.0M | |
Net Tangible Assets | 1.9B | 1.7B | 2.0B | 2.1B | 2.5B | 1.8B | |
Net Debt | 12.9M | 47.3M | 646.6M | 220.1M | 188.1M | 197.5M | |
Cash | (2.8M) | (2.2M) | (1.6M) | (900K) | (810K) | (769.5K) | |
Cash And Short Term Investments | (2.8M) | (2.2M) | (1.6M) | (900K) | (810K) | (769.5K) | |
Other Stockholder Equity | 4.8M | 6.6M | 7.7M | 8.2M | 6.3M | 6M | |
Property Plant Equipment | 2.1B | 1.9B | 2.8B | 1.7B | 2.0B | 1.9B | |
Retained Earnings | (814.5M) | (869.1M) | (816.4M) | (642.2M) | (643.8M) | (676.0M) | |
Common Stock Total Equity | 3.3B | 3.3B | 3.3B | 3.2B | 3.7B | 3.2B | |
Common Stock Shares Outstanding | 234M | 230.1M | 223.8M | 239.1M | 239M | 239.7M | |
Non Current Liabilities Total | 192.8M | 196.5M | 871.3M | 469.5M | 444.9M | 339.0M | |
Property Plant And Equipment Gross | 2.1B | 1.9B | 3.7B | 3.8B | 3.8B | 2.7B | |
Capital Surpluse | 6.6M | 7.7M | 8.2M | 6.3M | 7.2M | 5.7M | |
Intangible Assets | 682.5M | 623.5M | 1.0B | 1.0B | 1.2B | 879.0M | |
Long Term Debt Total | 2.2M | 1.6M | 644.3M | 218.4M | 251.2M | 136.2M | |
Short Term Debt | 7.9M | 43.5M | 700K | 800K | 100K | 95K | |
Net Invested Capital | 2.5B | 2.4B | 3.2B | 3.0B | 3.0B | 3.0B | |
Net Working Capital | (3.1M) | (42M) | 8.4M | (96.8M) | (34.1M) | (32.4M) | |
Short Long Term Debt Total | 10.1M | 45.1M | 645M | 219.2M | 188.1M | 204.1M | |
Capital Stock | 3.3B | 3.2B | 3.4B | 3.4B | 3.9B | 3.7B |
Pair Trading with PrairieSky Royalty
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 PrairieSky Royalty 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 PrairieSky Royalty will appreciate offsetting losses from the drop in the long position's value.Moving together with PrairieSky Stock
Moving against PrairieSky Stock
0.81 | ARA | Aclara Resources | PairCorr |
0.63 | RCI-A | Rogers Communications | PairCorr |
0.57 | CCL-A | CCL Industries | PairCorr |
0.46 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to PrairieSky Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PrairieSky Royalty 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 PrairieSky Royalty - 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 PrairieSky Royalty to buy it.
The correlation of PrairieSky Royalty 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 PrairieSky Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PrairieSky Royalty 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 PrairieSky Royalty 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 PrairieSky Stock
Balance Sheet is a snapshot of the financial position of PrairieSky Royalty at a specified time, usually calculated after every quarter, six months, or one year. PrairieSky Royalty Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of PrairieSky Royalty 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 PrairieSky currently owns. An asset can also be divided into two categories, current and non-current.