Primis Net Debt vs Long Term Debt Analysis

FRST Stock

USD 10.70 0.16 1.52%

Primis Financial financial indicator trend analysis is much more than just breaking down Primis Financial Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primis Financial Corp is a good investment. Please check the relationship between Primis Financial Net Debt and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

Net Debt vs Long Term Debt

Net Debt vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primis Financial Corp Net Debt account and Long Term Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Primis Financial's Net Debt and Long Term Debt is 0.23. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Primis Financial Corp, assuming nothing else is changed. The correlation between historical values of Primis Financial's Net Debt and Long Term Debt 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 Primis Financial Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Debt i.e., Primis Financial's Net Debt and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.23

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Long Term Debt

Long-term debt is a debt that Primis Financial Corp has held for over one year. Long-term debt appears on Primis Financial Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Primis Financial Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Primis Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primis Financial 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Primis Financial's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 5.5 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (37.01).

	2021	2022	2023	2024 (projected)
Interest Expense	19.0M	21.6M	10.1M	13.4M
Depreciation And Amortization	1.4M	1.3M	11.2M	11.7M

Interest Expense Depreciation And Amortization

Primis Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Accounts Payable	Short Term Investments	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net
Total Assets		0.71	0.84	0.88	0.21	0.93	0.44	0.65	0.56	0.83	0.59	0.82	0.85	0.84	0.59	0.98	0.71	-0.03	0.39	0.56	0.97	1.0	0.97	0.57	0.74	0.83
Short Long Term Debt Total	0.71		0.55	0.8	0.61	0.5	0.23	0.08	-0.02	0.65	0.53	0.41	0.77	0.72	0.53	0.73	0.54	0.34	0.92	-0.02	0.7	0.67	0.67	0.13	0.69	0.8
Total Current Liabilities	0.84	0.55		0.67	-0.04	0.91	0.59	0.56	0.5	0.76	0.64	0.84	0.59	0.62	0.73	0.73	0.45	-0.35	0.24	0.5	0.78	0.84	0.85	0.31	0.55	0.56
Total Stockholder Equity	0.88	0.8	0.67		0.22	0.74	0.5	0.28	0.18	0.67	0.7	0.73	0.97	0.97	0.39	0.9	0.5	0.14	0.56	0.18	0.87	0.86	0.84	0.33	0.9	0.97
Net Debt	0.21	0.61	-0.04	0.22		0.02	-0.63	0.04	0.01	0.28	-0.34	-0.08	0.28	0.2	0.41	0.27	0.62	0.31	0.66	0.01	0.28	0.16	0.13	0.17	0.09	0.26
Retained Earnings	0.93	0.5	0.91	0.74	0.02		0.47	0.73	0.66	0.79	0.54	0.86	0.69	0.72	0.69	0.86	0.66	-0.34	0.14	0.67	0.89	0.95	0.94	0.54	0.58	0.66
Cash	0.44	0.23	0.59	0.5	-0.63	0.47		0.03	-0.03	0.29	0.93	0.49	0.41	0.46	0.02	0.38	-0.24	-0.05	0.08	-0.03	0.34	0.46	0.5	-0.09	0.56	0.46
Non Current Assets Total	0.65	0.08	0.56	0.28	0.04	0.73	0.03		0.99	0.64	-0.03	0.53	0.32	0.27	0.46	0.6	0.71	-0.33	-0.27	0.99	0.63	0.67	0.66	0.76	0.18	0.23
Non Currrent Assets Other	0.56	-0.02	0.5	0.18	0.01	0.66	-0.03	0.99		0.58	-0.11	0.46	0.21	0.16	0.43	0.5	0.66	-0.37	-0.36	1.0	0.54	0.58	0.58	0.74	0.08	0.12
Other Assets	0.83	0.65	0.76	0.67	0.28	0.79	0.29	0.64	0.58		0.4	0.62	0.65	0.59	0.6	0.8	0.65	-0.2	0.37	0.58	0.84	0.83	0.83	0.28	0.55	0.64
Cash And Short Term Investments	0.59	0.53	0.64	0.7	-0.34	0.54	0.93	-0.03	-0.11	0.4		0.55	0.59	0.64	0.16	0.56	-0.05	0.07	0.39	-0.11	0.51	0.59	0.64	-0.06	0.72	0.68
Net Receivables	0.82	0.41	0.84	0.73	-0.08	0.86	0.49	0.53	0.46	0.62	0.55		0.67	0.73	0.46	0.78	0.37	-0.32	0.07	0.47	0.85	0.84	0.77	0.42	0.64	0.66
Common Stock Total Equity	0.85	0.77	0.59	0.97	0.28	0.69	0.41	0.32	0.21	0.65	0.59	0.67		0.98	0.36	0.89	0.55	0.23	0.55	0.22	0.84	0.83	0.78	0.37	0.9	0.93
Common Stock Shares Outstanding	0.84	0.72	0.62	0.97	0.2	0.72	0.46	0.27	0.16	0.59	0.64	0.73	0.98		0.38	0.88	0.5	0.17	0.51	0.17	0.83	0.83	0.78	0.36	0.88	0.92
Non Current Liabilities Total	0.59	0.53	0.73	0.39	0.41	0.69	0.02	0.46	0.43	0.6	0.16	0.46	0.36	0.38		0.48	0.68	-0.34	0.37	0.43	0.54	0.58	0.58	0.25	0.15	0.25
Other Stockholder Equity	0.98	0.73	0.73	0.9	0.27	0.86	0.38	0.6	0.5	0.8	0.56	0.78	0.89	0.88	0.48		0.72	0.08	0.43	0.5	0.97	0.97	0.95	0.58	0.81	0.89
Total Liab	0.71	0.54	0.45	0.5	0.62	0.66	-0.24	0.71	0.66	0.65	-0.05	0.37	0.55	0.5	0.68	0.72		0.01	0.33	0.67	0.69	0.7	0.68	0.69	0.3	0.46
Total Current Assets	-0.03	0.34	-0.35	0.14	0.31	-0.34	-0.05	-0.33	-0.37	-0.2	0.07	-0.32	0.23	0.17	-0.34	0.08	0.01		0.51	-0.37	-0.06	-0.07	-0.1	0.14	0.23	0.2
Short Term Debt	0.39	0.92	0.24	0.56	0.66	0.14	0.08	-0.27	-0.36	0.37	0.39	0.07	0.55	0.51	0.37	0.43	0.33	0.51		-0.35	0.38	0.33	0.34	-0.14	0.5	0.59
Common Stock	0.56	-0.02	0.5	0.18	0.01	0.67	-0.03	0.99	1.0	0.58	-0.11	0.47	0.22	0.17	0.43	0.5	0.67	-0.37	-0.35		0.54	0.59	0.58	0.74	0.09	0.12
Other Liab	0.97	0.7	0.78	0.87	0.28	0.89	0.34	0.63	0.54	0.84	0.51	0.85	0.84	0.83	0.54	0.97	0.69	-0.06	0.38	0.54		0.97	0.92	0.53	0.73	0.85
Accounts Payable	1.0	0.67	0.84	0.86	0.16	0.95	0.46	0.67	0.58	0.83	0.59	0.84	0.83	0.83	0.58	0.97	0.7	-0.07	0.33	0.59	0.97		0.97	0.58	0.72	0.82
Short Term Investments	0.97	0.67	0.85	0.84	0.13	0.94	0.5	0.66	0.58	0.83	0.64	0.77	0.78	0.78	0.58	0.95	0.68	-0.1	0.34	0.58	0.92	0.97		0.55	0.73	0.8
Intangible Assets	0.57	0.13	0.31	0.33	0.17	0.54	-0.09	0.76	0.74	0.28	-0.06	0.42	0.37	0.36	0.25	0.58	0.69	0.14	-0.14	0.74	0.53	0.58	0.55		0.25	0.3
Property Plant Equipment	0.74	0.69	0.55	0.9	0.09	0.58	0.56	0.18	0.08	0.55	0.72	0.64	0.9	0.88	0.15	0.81	0.3	0.23	0.5	0.09	0.73	0.72	0.73	0.25		0.9
Property Plant And Equipment Net	0.83	0.8	0.56	0.97	0.26	0.66	0.46	0.23	0.12	0.64	0.68	0.66	0.93	0.92	0.25	0.89	0.46	0.2	0.59	0.12	0.85	0.82	0.8	0.3	0.9

Click cells to compare fundamentals

Primis Financial Account Relationship Matchups

Primis Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	3.1B	3.4B	3.6B	3.9B	4.1B
Short Long Term Debt Total	186.8M	223.6M	201.5M	426.1M	160.7M	127.2M
Total Current Liabilities	121.6M	1.9B	2.3B	2.7B	2.0B	2.1B
Total Stockholder Equity	377.2M	390.6M	411.9M	394.4M	397.3M	205.2M
Net Debt	154.9M	27.4M	(328.6M)	348.2M	83.1M	61.4M
Retained Earnings	69.5M	78.0M	99.4M	107.3M	123.4M	129.5M
Cash	31.9M	196.2M	530.2M	77.9M	77.6M	65.8M
Non Current Assets Total	385.6M	339.6M	440.0M	388.3M	3.8B	4.0B
Non Currrent Assets Other	(11.8M)	(14.6M)	(9.6M)	(18.3M)	3.6B	3.8B
Other Assets	2.1B	2.4B	2.2B	2.9B	3.3B	3.5B
Cash And Short Term Investments	196.7M	349.4M	801.5M	314.2M	77.6M	128.6M
Common Stock Total Equity	241K	243K	245K	246K	282.9K	151.5K
Common Stock Shares Outstanding	24.3M	24.4M	24.6M	24.7M	24.7M	15.4M
Liabilities And Stockholders Equity	2.7B	3.1B	3.4B	3.6B	3.9B	4.1B
Non Current Liabilities Total	186.8M	223.6M	201.5M	3.2B	1.4B	1.5B
Other Stockholder Equity	306.8M	308.9M	311.1M	312.7M	359.6M	377.6M
Total Liab	2.3B	223.6M	201.5M	3.2B	3.5B	3.6B
Total Current Assets	196.7M	369.4M	813.4M	314.2M	84.3M	80.1M
Short Term Debt	121.6M	118.6M	110.0M	333.6M	3.0M	2.9M
Common Stock	241K	243K	245K	246K	397.3M	417.2M
Other Liab	20.5M	25.9M	18.1M	22.2M	25.6M	26.8M
Accounts Payable	2.1B	2.4B	2.8B	2.7B	3.1B	3.3B
Short Term Investments	164.8M	153.2M	271.3M	236.3M	271.8M	285.4M
Intangible Assets	7.2M	5.8M	4.5M	3.3M	95.4M	100.2M
Property Plant Equipment	31.2M	37.8M	42.0M	28.4M	32.6M	19.2M
Property Plant And Equipment Net	39.2M	37.8M	36.3M	30.6M	31.3M	18.8M
Other Current Assets	38.2M	219.3M	543.2M	94.8M	84.3M	80.1M
Property Plant And Equipment Gross	39.2M	37.8M	54.6M	30.6M	35.2M	19.1M
Accumulated Other Comprehensive Income	783K	3.5M	1.1M	(25.9M)	(23.3M)	(22.1M)
Long Term Debt	56.7M	215.3M	95.0M	420.3M	483.4M	507.5M
Inventory	5.1M	(46.4M)	(219.3M)	(543.2M)	(488.9M)	(464.4M)
Other Current Liab	(121.6M)	1.8B	2.2B	2.3B	2.0B	1.4B
Net Tangible Assets	268.1M	282.8M	305.5M	286.5M	329.5M	201.2M
Retained Earnings Total Equity	69.5M	78.0M	99.4M	107.3M	123.4M	129.5M
Capital Surpluse	306.8M	308.9M	311.1M	312.7M	359.6M	225.0M
Long Term Investments	2.3B	194.0M	2.3B	249.8M	287.3M	272.9M
Non Current Liabilities Other	41.9M	50.2M	37.2M	34.4M	39.6M	36.5M

Pair Trading with Primis Financial

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 Primis Financial 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 Primis Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Primis Stock

0.82	TECTP	Tectonic Financial	Pair Corr
0.65	CFG-PD	Citizens Financial	Pair Corr
0.42	BY	Byline Bancorp Financial Report 25th of July 2024	Pair Corr

The ability to find closely correlated positions to Primis Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primis Financial 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 Primis Financial - 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 Primis Financial Corp to buy it.

The correlation of Primis Financial 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 Primis Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primis Financial 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 Primis Financial 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.

Pair Correlation Correlation Matching

When determining whether Primis Financial Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Primis Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Primis Financial Corp Stock. Highlighted below are key reports to facilitate an investment decision about Primis Financial Corp Stock:

How To Invest In Primis

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Is Primis Stock a good investment?

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What is Primis Financial's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Primis Financial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Primis Stock analysis

When running Primis Financial's price analysis, check to measure Primis Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Primis Financial is operating at the current time. Most of Primis Financial's value examination focuses on studying past and present price action to predict the probability of Primis Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primis Financial's price. Additionally, you may evaluate how the addition of Primis Financial to your portfolios can decrease your overall portfolio volatility.

	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Equity Valuation Check real value of public entities based on technical and fundamental data

Is Primis Financial's industry 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 Primis Financial. If investors know Primis 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 Primis Financial 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

1.627

Dividend Share

0.4

Revenue Per Share

5.504

Quarterly Revenue Growth

0.089

Return On Assets

0.0021

The market value of Primis Financial Corp is measured differently than its book value, which is the value of Primis that is recorded on the company's balance sheet. Investors also form their own opinion of Primis Financial's value that differs from its market value or its book value, called intrinsic value, which is Primis Financial'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 Primis Financial's market value can be influenced by many factors that don't directly affect Primis Financial'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 Primis Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primis Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primis Financial'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.

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Primis Net Debt vs Long Term Debt Analysis

Net Debt vs Long Term Debt

Net Debt vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Debt

Long Term Debt

Primis Financial fundamental ratios Correlations

Primis Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Primis Financial fundamental ratios Accounts

Pair Trading with Primis Financial

Moving against Primis Stock

Complementary Tools for Primis Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Common Stock	+ 1.0	Non Currrent Assets Other
Non Currrent Assets Other	+ 0.99	Non Current Assets Total
Common Stock	+ 0.99	Non Current Assets Total
Other Stockholder Equity	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Common Stock Total Equity

Cash	- 0.63	Net Debt
Common Stock	- 0.37	Total Current Assets
Total Current Assets	- 0.37	Non Currrent Assets Other
Short Term Debt	- 0.36	Non Currrent Assets Other
Common Stock	- 0.35	Short Term Debt
Total Current Assets	- 0.35	Total Current Liabilities