Parsons Net Debt vs Net Receivables Analysis
| PSN Stock | USD 95.91 0.05 0.05% |
Parsons Corp financial indicator trend analysis is much more than just breaking down Parsons Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Parsons Corp is a good investment. Please check the relationship between Parsons Corp Net Debt and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons 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 state. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.
Net Debt vs Net Receivables
Net Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Parsons Corp Net Debt account and Net Receivables. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Parsons Corp's Net Debt and Net Receivables is 0.87. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Parsons Corp, assuming nothing else is changed. The correlation between historical values of Parsons Corp's Net Debt and Net Receivables 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 Parsons Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Parsons Corp's Net Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.Net Receivables
Most indicators from Parsons Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Parsons 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 Parsons 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 state. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.As of the 29th of November 2024, Tax Provision is likely to grow to about 56.7 M, while Selling General Administrative is likely to drop about 34.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 852.8M | 946.7M | 1.2B | 884.8M | Total Revenue | 3.7B | 4.2B | 5.4B | 4.1B |
Parsons Corp fundamental ratios Correlations
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Parsons Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Parsons Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 92.8M | 101.2M | 112.1M | 113.5M | 115.1M | 106.5M | |
| Total Assets | 3.5B | 3.9B | 3.8B | 4.2B | 4.8B | 3.5B | |
| Other Current Liab | 647.1M | 649.3M | 597.3M | 628.4M | 801.4M | 645.6M | |
| Total Current Liabilities | 1.1B | 1.2B | 1.0B | 1.1B | 1.4B | 1.1B | |
| Total Stockholder Equity | 1.6B | 1.8B | 1.9B | 2.0B | 2.3B | 1.6B | |
| Other Liab | 191.1M | 166.4M | 119.8M | 136.8M | 123.1M | 117.0M | |
| Net Tangible Assets | 322.6M | 305.8M | 280.3M | 127.6M | 146.7M | 154.1M | |
| Retained Earnings | (218.0M) | (120.6M) | (53.5M) | 43.1M | 203.7M | 213.9M | |
| Accounts Payable | 216.6M | 225.7M | 196.3M | 201.4M | 242.8M | 208.5M | |
| Cash | 182.7M | 483.6M | 342.6M | 262.5M | 272.9M | 304.9M | |
| Other Assets | 189.5M | 186.2M | 176.1M | 199.9M | 229.8M | 132.1M | |
| Long Term Debt | 249.4M | 540.0M | 591.9M | 743.6M | 746.0M | 488.0M | |
| Good Will | 1.0B | 1.3B | 1.4B | 1.7B | 1.8B | 1.2B | |
| Common Stock Total Equity | 146.4M | 146.6M | 146.3M | 146.1M | 168.1M | 92.0M | |
| Inventory | 12.7M | 3.6M | 1.3M | 1.0 | 1.15 | 1.09 | |
| Other Current Assets | 84.5M | 84.4M | 112.2M | 105.9M | 191.4M | 96.5M | |
| Other Stockholder Equity | 1.7B | 1.8B | 1.8B | 1.9B | 2.0B | 1.5B | |
| Total Liab | 1.8B | 2.1B | 1.9B | 2.1B | 2.4B | 1.8B | |
| Long Term Investments | 68.6M | 69.0M | 110.7M | 107.4M | 128.2M | 85.1M | |
| Total Current Assets | 1.5B | 1.8B | 1.6B | 1.7B | 2.1B | 1.6B | |
| Accumulated Other Comprehensive Income | (14.3M) | (13.9M) | (9.6M) | (17.8M) | (14.9M) | (15.7M) | |
| Treasury Stock | (934.2M) | (899.3M) | (867.4M) | (844.9M) | (760.4M) | (798.5M) | |
| Short Term Debt | 50.0M | 105.6M | 57.7M | 60.9M | 72.2M | 67.6M | |
| Intangible Assets | 259.9M | 246.0M | 207.8M | 254.1M | 275.6M | 198.1M | |
| Common Stock | 146.4M | 146.6M | 146.3M | 146.1M | 146.3M | 100.6M | |
| Property Plant Equipment | 358.5M | 121.0M | 104.2M | 96.1M | 110.5M | 135.0M | |
| Short Long Term Debt Total | 503.0M | 826.6M | 796.7M | 914.2M | 927.2M | 753.1M | |
| Property Plant And Equipment Net | 356.2M | 331.4M | 286.9M | 251.1M | 258.2M | 261.4M | |
| Current Deferred Revenue | 230.7M | 201.9M | 171.7M | 213.1M | 301.1M | 231.3M | |
| Net Debt | 320.3M | 343.0M | 454.1M | 651.6M | 654.2M | 381.8M | |
| Non Current Assets Total | 1.9B | 2.1B | 2.2B | 2.5B | 2.7B | 2.1B | |
| Non Currrent Assets Other | 61.5M | 56.0M | 46.1M | 66.1M | 71.8M | 59.2M | |
| Cash And Short Term Investments | 182.7M | 483.6M | 342.6M | 262.5M | 272.9M | 253.4M | |
| Net Receivables | 1.2B | 1.3B | 1.2B | 1.4B | 1.7B | 1.4B | |
| Long Term Debt Total | 250.6M | 540.0M | 591.9M | 743.6M | 855.1M | 514.4M | |
| Liabilities And Stockholders Equity | 3.5B | 3.9B | 3.8B | 4.2B | 4.8B | 3.9B |
Pair Trading with Parsons Corp
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 Parsons Corp 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 Parsons Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Parsons Stock
Moving against Parsons Stock
The ability to find closely correlated positions to Parsons Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parsons Corp 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 Parsons Corp - 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 Parsons Corp to buy it.
The correlation of Parsons Corp 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 Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons 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 Parsons Corp 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 Parsons 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 state. To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Aerospace & Defense 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 Parsons Corp. If investors know Parsons 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 Parsons Corp 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 0.554 | Earnings Share 0.7 | Revenue Per Share 61.431 | Quarterly Revenue Growth 0.276 | Return On Assets 0.0589 |
The market value of Parsons Corp is measured differently than its book value, which is the value of Parsons that is recorded on the company's balance sheet. Investors also form their own opinion of Parsons Corp's value that differs from its market value or its book value, called intrinsic value, which is Parsons Corp'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 Parsons Corp's market value can be influenced by many factors that don't directly affect Parsons Corp'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 Parsons Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parsons Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parsons Corp'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.