Palatin Net Debt vs Retained Earnings Analysis
| PTN Stock | USD 1.13 0.06 5.61% |
Palatin Technologies financial indicator trend analysis is much more than just breaking down Palatin Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palatin Technologies is a good investment. Please check the relationship between Palatin Technologies Net Debt and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.
Net Debt vs Retained Earnings
Net Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palatin Technologies Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Palatin Technologies' Net Debt and Retained Earnings is 0.12. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Palatin Technologies, assuming nothing else is changed. The correlation between historical values of Palatin Technologies' Net Debt and Retained Earnings 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 Palatin Technologies are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Palatin Technologies' Net Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.12 |
| 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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Palatin Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palatin Technologies 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 Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.Palatin Technologies reported last year Tax Provision of (4.67 Million). As of the 29th of November 2024, Enterprise Value is likely to grow to about 35.2 M, while Selling General Administrative is likely to drop about 7.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 29.7K | 20.0K | 17.1K | 16.3K | Depreciation And Amortization | 126.7K | 288.3K | 339.1K | 512.3K |
Palatin Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Palatin Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palatin Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 85.1M | 67.3M | 36.1M | 17.9M | 10.7M | 10.2M | |
| Short Long Term Debt Total | 1.3M | 1.3M | 1.2M | 1.1M | 590.3K | 560.8K | |
| Other Current Liab | 2.9M | 9.2M | 12.2M | 9.9M | 4.7M | 4.9M | |
| Total Current Liabilities | 3.9M | 10.5M | 16.3M | 15.1M | 9.7M | 8.9M | |
| Total Stockholder Equity | 80.2M | 49.7M | 16.3M | 134.1K | (111.5K) | (105.9K) | |
| Property Plant And Equipment Net | 1.4M | 1.3M | 1.4M | 1.6M | 915.7K | 1.5M | |
| Net Debt | (81.6M) | (58.9M) | (28.8M) | (6.9M) | (8.9M) | (9.4M) | |
| Retained Earnings | (318.2M) | (351.8M) | (388.0M) | (415.5M) | (441.8M) | (419.7M) | |
| Accounts Payable | 715.7K | 640.7K | 3.2M | 4.3M | 4.1M | 4.3M | |
| Cash | 82.9M | 60.1M | 29.9M | 8.0M | 9.5M | 9.1M | |
| Non Current Assets Total | 1.5M | 1.4M | 1.5M | 1.6M | 972.6K | 1.9M | |
| Cash And Short Term Investments | 82.9M | 60.1M | 29.9M | 11.0M | 9.5M | 9.1M | |
| Common Stock Total Equity | 2.0M | 2.3M | 2.3M | 2.3M | 2.6M | 2.8M | |
| Common Stock Shares Outstanding | 9.4M | 9.5M | 9.5M | 10.9M | 14.7M | 15.4M | |
| Liabilities And Stockholders Equity | 85.1M | 67.3M | 36.1M | 17.9M | 10.7M | 10.2M | |
| Non Current Liabilities Total | 953.3K | 7.1M | 3.5M | 2.7M | 1.2M | 1.1M | |
| Other Current Assets | 609.9K | 3.1M | 1.9M | 1.9M | 242.3K | 230.2K | |
| Other Stockholder Equity | 396.1M | 399.1M | 404.2M | 415.6M | 441.5M | 249.2M | |
| Total Liab | 4.9M | 17.6M | 19.8M | 17.8M | 10.9M | 12.8M | |
| Property Plant And Equipment Gross | 1.4M | 1.3M | 1.4M | 4.5M | 4.2M | 4.4M | |
| Total Current Assets | 83.6M | 65.9M | 34.6M | 16.3M | 9.8M | 9.3M | |
| Short Term Debt | 312.8K | 703.7K | 944.1K | 920.9K | 853.1K | 1.2M | |
| Common Stock | 2.3M | 2.3M | 92.7K | 116.6K | 179.3K | 170.3K | |
| Accumulated Other Comprehensive Income | (2.3M) | (2.4M) | 0.0 | (116.6K) | (179.3K) | (188.3K) | |
| Property Plant Equipment | 1.4M | 1.3M | 1.4M | 1.6M | 1.4M | 1.7M | |
| Current Deferred Revenue | 500M | 2.8M | 5.8M | 4.2M | 4.8M | 4.6M | |
| Net Tangible Assets | 80.2M | 49.7M | 16.3M | 134.0K | 154.1K | 146.4K | |
| Capital Surpluse | 396.1M | 399.1M | 404.2M | 415.6M | 477.9M | 380.5M |
Pair Trading with Palatin Technologies
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 Palatin Technologies 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 Palatin Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Palatin Stock
| 0.64 | BHC | Bausch Health Companies | PairCorr |
| 0.63 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.56 | HCM | HUTCHMED DRC | PairCorr |
| 0.54 | GANX | Gain Therapeutics | PairCorr |
| 0.5 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies 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 Palatin Technologies - 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 Palatin Technologies to buy it.
The correlation of Palatin Technologies 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 Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies 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 Palatin Technologies 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 Palatin Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Palatin Stock, please use our How to Invest in Palatin Technologies guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Biotechnology 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 Palatin Technologies. If investors know Palatin 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 Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.98) | Revenue Per Share 0.306 | Quarterly Revenue Growth (0.80) | Return On Assets (1.32) | Return On Equity (6.23) |
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' 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 Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' 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 Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palatin Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' 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.