Primoris Other Liab vs Other Assets 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 Other Liab and its Other Assets 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.
Other Liab vs Other Assets
Other Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Primoris Services Other Liab account and Other Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Primoris Services' Other Liab and Other Assets is 0.36. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Other Assets 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' Other Liab and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Primoris Services are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Other Liab i.e., Primoris Services' Other Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Liab
Other Assets
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Primoris Services in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Primoris Services' short interest history, or implied volatility extrapolated from Primoris Services options trading.
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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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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.