Phenixfin Cash And Short Term Investments vs Net Debt Analysis

PFX Stock  USD 44.84  0.28  0.62%   
Phenixfin financial indicator trend analysis is much more than just breaking down Phenixfin prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phenixfin is a good investment. Please check the relationship between Phenixfin Cash And Short Term Investments and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phenixfin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For more information on how to buy Phenixfin Stock please use our How to Invest in Phenixfin guide.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phenixfin Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Phenixfin's Cash And Short Term Investments and Net Debt is -0.15. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Phenixfin, assuming nothing else is changed. The correlation between historical values of Phenixfin's Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Phenixfin are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Phenixfin's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Phenixfin balance sheet. This account contains Phenixfin investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Phenixfin fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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.
Most indicators from Phenixfin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phenixfin 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 Phenixfin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
For more information on how to buy Phenixfin Stock please use our How to Invest in Phenixfin guide.Selling General Administrative is likely to drop to about 3.3 M in 2024. Tax Provision is likely to drop to about (60 K) in 2024

Phenixfin fundamental ratios Correlations

1.0-0.091.00.890.171.01.01.01.0-0.140.97-0.08-0.320.460.080.16-0.16-0.17-0.08-0.16-0.63-0.070.10.39-0.12
1.0-0.071.00.880.141.01.01.01.0-0.120.97-0.11-0.330.460.070.15-0.15-0.2-0.11-0.15-0.63-0.10.110.37-0.13
-0.09-0.07-0.07-0.3-0.44-0.07-0.06-0.07-0.070.99-0.23-0.420.58-0.220.04-0.990.98-0.07-0.20.990.35-0.530.46-0.30.04
1.01.0-0.070.880.141.01.01.01.0-0.120.97-0.11-0.330.460.070.14-0.15-0.2-0.11-0.15-0.63-0.10.110.38-0.13
0.890.88-0.30.880.240.880.880.890.88-0.340.9-0.02-0.420.310.060.36-0.36-0.16-0.09-0.37-0.580.12-0.180.12-0.13
0.170.14-0.440.140.240.120.110.120.14-0.490.20.950.310.080.450.48-0.490.770.87-0.48-0.270.85-0.530.570.44
1.01.0-0.071.00.880.121.01.01.0-0.120.97-0.13-0.350.470.060.14-0.15-0.21-0.13-0.14-0.62-0.120.120.37-0.14
1.01.0-0.061.00.880.111.01.01.0-0.110.97-0.13-0.340.460.060.13-0.14-0.21-0.13-0.14-0.62-0.120.130.36-0.14
1.01.0-0.071.00.890.121.01.01.0-0.120.97-0.13-0.340.450.050.14-0.14-0.21-0.13-0.14-0.61-0.110.120.36-0.14
1.01.0-0.071.00.880.141.01.01.0-0.130.97-0.1-0.330.460.070.15-0.15-0.19-0.1-0.15-0.63-0.090.110.38-0.13
-0.14-0.120.99-0.12-0.34-0.49-0.12-0.11-0.12-0.13-0.3-0.460.58-0.240.02-0.991.0-0.13-0.241.00.36-0.550.46-0.35-0.04
0.970.97-0.230.970.90.20.970.970.970.97-0.3-0.04-0.420.480.050.3-0.32-0.18-0.08-0.32-0.68-0.010.040.41-0.13
-0.08-0.11-0.42-0.11-0.020.95-0.13-0.13-0.13-0.1-0.46-0.040.370.040.420.45-0.460.850.93-0.45-0.160.83-0.470.590.52
-0.32-0.330.58-0.33-0.420.31-0.35-0.34-0.34-0.330.58-0.420.37-0.190.39-0.60.590.450.540.590.170.24-0.080.040.16
0.460.46-0.220.460.310.080.470.460.450.46-0.240.480.04-0.190.140.25-0.25-0.120.06-0.25-0.820.00.120.59-0.16
0.080.070.040.070.060.450.060.060.050.070.020.050.420.390.14-0.030.030.440.50.03-0.230.150.050.230.04
0.160.15-0.990.140.360.480.140.130.140.15-0.990.30.45-0.60.25-0.03-0.990.120.23-0.99-0.380.54-0.450.350.04
-0.16-0.150.98-0.15-0.36-0.49-0.15-0.14-0.14-0.151.0-0.32-0.460.59-0.250.03-0.99-0.12-0.231.00.37-0.540.45-0.36-0.04
-0.17-0.2-0.07-0.2-0.160.77-0.21-0.21-0.21-0.19-0.13-0.180.850.45-0.120.440.12-0.120.82-0.120.130.61-0.260.420.83
-0.08-0.11-0.2-0.11-0.090.87-0.13-0.13-0.13-0.1-0.24-0.080.930.540.060.50.23-0.230.82-0.23-0.190.66-0.230.570.45
-0.16-0.150.99-0.15-0.37-0.48-0.14-0.14-0.14-0.151.0-0.32-0.450.59-0.250.03-0.991.0-0.12-0.230.37-0.540.45-0.35-0.04
-0.63-0.630.35-0.63-0.58-0.27-0.62-0.62-0.61-0.630.36-0.68-0.160.17-0.82-0.23-0.380.370.13-0.190.37-0.140.03-0.540.31
-0.07-0.1-0.53-0.10.120.85-0.12-0.12-0.11-0.09-0.55-0.010.830.240.00.150.54-0.540.610.66-0.54-0.14-0.870.330.38
0.10.110.460.11-0.18-0.530.120.130.120.110.460.04-0.47-0.080.120.05-0.450.45-0.26-0.230.450.03-0.870.04-0.17
0.390.37-0.30.380.120.570.370.360.360.38-0.350.410.590.040.590.230.35-0.360.420.57-0.35-0.540.330.040.25
-0.12-0.130.04-0.13-0.130.44-0.14-0.14-0.14-0.13-0.04-0.130.520.16-0.160.040.04-0.040.830.45-0.040.310.38-0.170.25
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Phenixfin Account Relationship Matchups

Phenixfin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets306.1M225.1M218.9M239.7M215.7M204.9M
Short Long Term Debt Total151.0M77.4M78.0M84.3M75.8M72.0M
Total Current Liabilities2.9M1.4M2.5M421.7M379.5M398.5M
Net Debt94.4M8.0M55.2M78.3M70.4M66.9M
Cash56.5M69.4M22.8M6.0M5.4M5.1M
Non Current Assets Total246.7M151.6M218.9M226.5M203.8M193.6M
Liabilities And Stockholders Equity306.1M225.1M218.9M239.7M215.7M204.9M
Total Liab155.5M81.4M98.0M93.0M83.7M79.5M
Total Current Assets57.3M72.1M1.4M7.0B8.0B8.4B
Total Stockholder Equity150.6M143.7M120.8M146.7M132.0M125.4M
Current Deferred Revenue10.5K1.3M325.6K421.7M379.5M398.5M
Retained Earnings(521.8M)(545.2M)(554.6M)(548.1M)(493.3M)(468.6M)
Non Currrent Assets Other(246.7M)(613.5K)25.4M(449.8K)(404.8K)(425.1K)
Other Assets2.1M1.4M(1.4M)(6.9B)(6.3B)(5.9B)
Cash And Short Term Investments56.5M69.4M22.8M6.0B6.9B7.2B
Net Receivables744K2.6M1.4M5.5M5.0M5.9M
Non Current Liabilities Total151.0M77.4M98.0M92.6B106.5B111.8B
Other Stockholder Equity672.4M688.9M675.4M694.8M799.0M623.2M
Common Stock3K2.5K2.1K2.1K1.9K1.8K
Other Current Liab(74.0M)(1.4M)(78.3M)(8.0M)(9.2M)(9.7M)
Accounts Payable2.9M1.4M2.5M7.9M7.1M7.5M
Short Term Debt74.0M84K78.0M156.4K140.7K133.7K
Other Liab103.6K10.5K34.0327.9K295.1K240.8K
Net Tangible Assets216.4M150.6M143.7M120.8M108.8M188.4M
Net Invested Capital301.6M221.1M198.8M231.0M207.9M354.2M
Long Term Investments246.7M151.6M193.0M226.5M203.8M309.4M
Capital Stock2.7K2.5K2.1K2.1K1.9K1.8K
Other Current Assets(57.3M)(72.1M)(24.2M)(11.5M)(13.2M)(13.9M)

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