Primoris Net Debt vs Long Term Investments Analysis
PRIM Stock | USD 46.42 1.01 2.22% |
Primoris Services financial indicator trend analysis is much more than just breaking down Primoris Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Primoris Services is a good investment. Please check the relationship between Primoris Services Net Debt and its Long Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.
Net Debt vs Long Term Investments
Net Debt vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primoris Services Net Debt account and Long Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Primoris Services' Net Debt and Long Term Investments is 0.75. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Primoris Services, assuming nothing else is changed. The correlation between historical values of Primoris Services' Net Debt and Long Term Investments 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 Primoris Services are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Debt i.e., Primoris Services' Net Debt and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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 Investments
Long Term Investments is an item on the asset side of Primoris Services balance sheet that represents investments Primoris Services intends to hold for over a year. Primoris Services long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Primoris Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Primoris Services 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 Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.At this time, Primoris Services' Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Enterprise Value Over EBITDA is likely to grow to 8.20, while Issuance Of Capital Stock is likely to drop about 636.5 K.
2021 | 2022 | 2023 | 2024 (projected) | Income Before Tax | 151.9M | 159.3M | 177.7M | 100.1M | Total Operating Expenses | 230.1M | 281.6M | 328.7M | 345.2M |
Primoris Services fundamental ratios Correlations
Click cells to compare fundamentals
Primoris Services Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Primoris Services fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 2.0B | 2.5B | 3.5B | 3.8B | 4.0B | |
Other Current Liab | 186.4M | 203.6M | 178.0M | 249.0M | 173.6M | 114.0M | |
Total Current Liabilities | 670.4M | 764.4M | 759.1M | 1.1B | 1.3B | 1.4B | |
Total Stockholder Equity | 628.5M | 714.8M | 990.1M | 1.1B | 1.2B | 1.3B | |
Net Debt | 402.2M | 127.7M | 559.0M | 1.0B | 1.1B | 1.2B | |
Retained Earnings | 531.3M | 624.7M | 727.4M | 847.7M | 961.0M | 1.0B | |
Cash | 120.3M | 326.7M | 200.5M | 248.7M | 217.8M | 160.4M | |
Other Assets | 14.6M | 222.0M | 16.4M | 21.8M | 25.1M | 40.0M | |
Cash And Short Term Investments | 120.3M | 326.7M | 200.5M | 248.7M | 217.8M | 169.4M | |
Common Stock Shares Outstanding | 51.1M | 48.6M | 53.2M | 53.8M | 54.2M | 48.4M | |
Liabilities And Stockholders Equity | 1.8B | 2.0B | 2.5B | 3.5B | 3.8B | 4.0B | |
Non Current Liabilities Total | 530.5M | 490.4M | 794.2M | 1.3B | 1.3B | 1.3B | |
Other Current Assets | 387.5M | 356.1M | 509.9M | 176.4M | 135.8M | 121.0M | |
Other Stockholder Equity | 97.1M | 89.1M | 261.9M | 263.8M | 275.8M | 240.5M | |
Total Liab | 1.2B | 1.3B | 1.6B | 2.4B | 2.6B | 2.7B | |
Total Current Assets | 912.7M | 1.1B | 1.2B | 1.7B | 1.9B | 2.0B | |
Short Long Term Debt Total | 522.5M | 454.5M | 759.5M | 1.3B | 1.3B | 1.4B | |
Non Current Assets Total | 917.8M | 854.3M | 1.4B | 1.8B | 1.9B | 2.0B | |
Non Currrent Assets Other | 13.5M | 12.8M | 15.1M | 21.8M | 20.5M | 21.6M | |
Net Receivables | 749.7M | 758.3M | 895.3M | 1.3B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 618.3M | 356.2M | 591.9M | 696.7M | 1.3B | 1.4B | |
Accumulated Other Comprehensive Income | 76K | 958K | 698K | (2.6M) | (788K) | (827.4K) | |
Short Term Debt | 55.7M | 47.7M | 67.2M | 78.1M | 169.3M | 177.8M | |
Intangible Assets | 69.8M | 61.0M | 171.3M | 249.4M | 227.6M | 238.9M | |
Property Plant And Equipment Net | 618.3M | 563.5M | 591.9M | 696.7M | 836.4M | 878.3M | |
Current Deferred Revenue | 192.4M | 267.2M | 240.4M | 275.9M | 363.2M | 381.3M | |
Accounts Payable | 236.0M | 245.9M | 273.5M | 535.0M | 629.0M | 660.4M | |
Net Tangible Assets | 343.6M | 438.6M | 237.1M | (12.4M) | (14.2M) | (13.5M) | |
Long Term Debt | 295.6M | 268.8M | 594.2M | 1.1B | 885.4M | 929.6M | |
Retained Earnings Total Equity | 461.1M | 531.3M | 624.7M | 727.4M | 836.5M | 429.9M | |
Long Term Debt Total | 305.7M | 295.6M | 268.8M | 594.2M | 683.4M | 717.5M | |
Capital Surpluse | 144.0M | 97.1M | 89.1M | 261.9M | 301.2M | 170.3M | |
Deferred Long Term Liab | 8.2M | 17.8M | 13.5M | 38.5M | 44.3M | 46.5M | |
Non Current Liabilities Other | 217.0M | 208.0M | 63.4M | 43.9M | 47.9M | 66.4M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primoris Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Primoris Stock, please use our How to Invest in Primoris Services guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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Is Primoris Services' 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 Primoris Services. If investors know Primoris 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 Primoris Services 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 (0.09) | Dividend Share 0.24 | Earnings Share 2.33 | Revenue Per Share 107.235 | Quarterly Revenue Growth 0.14 |
The market value of Primoris Services is measured differently than its book value, which is the value of Primoris that is recorded on the company's balance sheet. Investors also form their own opinion of Primoris Services' value that differs from its market value or its book value, called intrinsic value, which is Primoris Services' 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 Primoris Services' market value can be influenced by many factors that don't directly affect Primoris Services' 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 Primoris Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primoris Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primoris Services' 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.