PrairieSky Common Stock Shares Outstanding vs Net Debt Analysis

PSK Stock

CAD 25.67 0.12 0.47%

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

Common Stock Shares Outstanding vs Net Debt

Common Stock Shares Outstanding vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PrairieSky Royalty Common Stock Shares Outstanding account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between PrairieSky Royalty's Common Stock Shares Outstanding and Net Debt is 0.42. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Net Debt in the same time period over historical financial statements of PrairieSky Royalty, assuming nothing else is changed. The correlation between historical values of PrairieSky Royalty's Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of PrairieSky Royalty 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 Common Stock Shares Outstanding i.e., PrairieSky Royalty's Common Stock Shares Outstanding and Net Debt go up and down completely randomly.

Correlation Coefficient

0.42

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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 PrairieSky Royalty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PrairieSky Royalty 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 PrairieSky Royalty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, PrairieSky Royalty's Tax Provision is very stable compared to the past year. As of the 4th of May 2024, Enterprise Value Over EBITDA is likely to grow to 18.30, while Selling General Administrative is likely to drop about 30.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	202.6M	490.9M	365.5M	230.6M
Total Revenue	308M	643.3M	513.2M	355.6M

Gross Profit Total Revenue

PrairieSky Royalty fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.56	0.99	0.98	0.99	0.39	0.16	0.16	0.35	0.98	0.83	0.75	0.46	0.99	0.93	0.25	0.97	-0.91	-0.82	0.98	0.75	0.96	0.83	0.66	0.61	0.9
Total Current Liabilities	0.56		0.52	0.62	0.53	0.34	-0.1	-0.1	0.7	0.52	0.56	0.61	0.24	0.53	0.36	0.65	0.57	-0.43	-0.19	0.55	0.52	0.47	0.44	0.45	0.03	0.68
Total Stockholder Equity	0.99	0.52		0.97	0.99	0.28	0.21	0.21	0.29	0.99	0.78	0.66	0.49	0.99	0.92	0.21	0.95	-0.9	-0.86	0.96	0.73	0.97	0.83	0.56	0.66	0.85
Other Liab	0.98	0.62	0.97		0.98	0.39	0.07	0.07	0.43	0.97	0.84	0.75	0.38	0.98	0.9	0.35	0.97	-0.89	-0.77	0.97	0.78	0.96	0.86	0.65	0.61	0.93
Net Tangible Assets	0.99	0.53	0.99	0.98		0.29	0.2	0.2	0.35	0.98	0.79	0.68	0.47	0.99	0.9	0.26	0.96	-0.89	-0.83	0.97	0.74	0.98	0.83	0.58	0.65	0.88
Net Debt	0.39	0.34	0.28	0.39	0.29		-0.48	-0.48	0.28	0.28	0.64	0.86	-0.24	0.33	0.5	0.35	0.52	-0.44	-0.17	0.49	0.53	0.32	0.42	0.92	-0.05	0.65
Cash	0.16	-0.1	0.21	0.07	0.2	-0.48		1.0	0.19	0.17	-0.28	-0.14	0.91	0.12	-0.07	-0.24	0.03	0.14	-0.11	0.04	-0.37	0.07	-0.34	-0.18	0.12	-0.07
Cash And Short Term Investments	0.16	-0.1	0.21	0.07	0.2	-0.48	1.0		0.19	0.17	-0.28	-0.14	0.91	0.12	-0.07	-0.24	0.03	0.14	-0.11	0.04	-0.37	0.07	-0.34	-0.18	0.12	-0.07
Net Receivables	0.35	0.7	0.29	0.43	0.35	0.28	0.19	0.19		0.3	0.24	0.52	0.46	0.3	0.11	0.71	0.34	-0.04	0.15	0.32	0.16	0.22	0.08	0.43	-0.16	0.54
Good Will	0.98	0.52	0.99	0.97	0.98	0.28	0.17	0.17	0.3		0.81	0.65	0.46	0.99	0.92	0.21	0.93	-0.91	-0.85	0.94	0.74	0.97	0.84	0.55	0.65	0.83
Other Stockholder Equity	0.83	0.56	0.78	0.84	0.79	0.64	-0.28	-0.28	0.24	0.81		0.8	0.02	0.84	0.86	0.26	0.85	-0.92	-0.72	0.85	0.85	0.83	0.84	0.73	0.33	0.85
Total Liab	0.75	0.61	0.66	0.75	0.68	0.86	-0.14	-0.14	0.52	0.65	0.8		0.18	0.69	0.73	0.4	0.82	-0.67	-0.42	0.8	0.65	0.65	0.59	0.98	0.19	0.91
Total Current Assets	0.46	0.24	0.49	0.38	0.47	-0.24	0.91	0.91	0.46	0.46	0.02	0.18		0.41	0.2	0.02	0.32	-0.12	-0.26	0.33	-0.08	0.33	-0.06	0.09	0.21	0.25
Common Stock	0.99	0.53	0.99	0.98	0.99	0.33	0.12	0.12	0.3	0.99	0.84	0.69	0.41		0.93	0.23	0.96	-0.93	-0.86	0.97	0.78	0.98	0.87	0.59	0.64	0.87
Property Plant Equipment	0.93	0.36	0.92	0.9	0.9	0.5	-0.07	-0.07	0.11	0.92	0.86	0.73	0.2	0.93		0.09	0.92	-0.95	-0.85	0.93	0.8	0.92	0.91	0.68	0.63	0.82
Other Current Liab	0.25	0.65	0.21	0.35	0.26	0.35	-0.24	-0.24	0.71	0.21	0.26	0.4	0.02	0.23	0.09		0.34	-0.14	0.03	0.32	0.41	0.24	0.28	0.34	0.01	0.51
Property Plant And Equipment Net	0.97	0.57	0.95	0.97	0.96	0.52	0.03	0.03	0.34	0.93	0.85	0.82	0.32	0.96	0.92	0.34		-0.91	-0.8	1.0	0.8	0.96	0.85	0.75	0.58	0.96
Retained Earnings	-0.91	-0.43	-0.9	-0.89	-0.89	-0.44	0.14	0.14	-0.04	-0.91	-0.92	-0.67	-0.12	-0.93	-0.95	-0.14	-0.91		0.91	-0.92	-0.87	-0.95	-0.93	-0.6	-0.58	-0.81
Accounts Payable	-0.82	-0.19	-0.86	-0.77	-0.83	-0.17	-0.11	-0.11	0.15	-0.85	-0.72	-0.42	-0.26	-0.86	-0.85	0.03	-0.8	0.91		-0.81	-0.77	-0.89	-0.78	-0.37	-0.66	-0.61
Non Current Assets Total	0.98	0.55	0.96	0.97	0.97	0.49	0.04	0.04	0.32	0.94	0.85	0.8	0.33	0.97	0.93	0.32	1.0	-0.92	-0.81		0.8	0.97	0.86	0.72	0.6	0.94
Non Currrent Assets Other	0.75	0.52	0.73	0.78	0.74	0.53	-0.37	-0.37	0.16	0.74	0.85	0.65	-0.08	0.78	0.8	0.41	0.8	-0.87	-0.77	0.8		0.8	0.88	0.59	0.39	0.78
Common Stock Total Equity	0.96	0.47	0.97	0.96	0.98	0.32	0.07	0.07	0.22	0.97	0.83	0.65	0.33	0.98	0.92	0.24	0.96	-0.95	-0.89	0.97	0.8		0.89	0.56	0.67	0.86
Common Stock Shares Outstanding	0.83	0.44	0.83	0.86	0.83	0.42	-0.34	-0.34	0.08	0.84	0.84	0.59	-0.06	0.87	0.91	0.28	0.85	-0.93	-0.78	0.86	0.88	0.89		0.53	0.63	0.77
Non Current Liabilities Total	0.66	0.45	0.56	0.65	0.58	0.92	-0.18	-0.18	0.43	0.55	0.73	0.98	0.09	0.59	0.68	0.34	0.75	-0.6	-0.37	0.72	0.59	0.56	0.53		0.15	0.85
Other Current Assets	0.61	0.03	0.66	0.61	0.65	-0.05	0.12	0.12	-0.16	0.65	0.33	0.19	0.21	0.64	0.63	0.01	0.58	-0.58	-0.66	0.6	0.39	0.67	0.63	0.15		0.42
Property Plant And Equipment Gross	0.9	0.68	0.85	0.93	0.88	0.65	-0.07	-0.07	0.54	0.83	0.85	0.91	0.25	0.87	0.82	0.51	0.96	-0.81	-0.61	0.94	0.78	0.86	0.77	0.85	0.42

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PrairieSky Royalty Account Relationship Matchups

PrairieSky Royalty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.6B	3.5B	3.4B	3.3B	2.8B
Total Current Liabilities	41M	69.7M	44.5M	177.6M	96.4M	65.3M
Total Stockholder Equity	2.5B	2.3B	2.6B	2.8B	2.8B	2.4B
Other Liab	190.6M	194.9M	227M	251.1M	288.8M	199.0M
Net Tangible Assets	1.9B	1.7B	2.0B	2.1B	2.5B	1.8B
Net Debt	12.9M	47.3M	646.6M	220.1M	188M	197.4M
Cash	(2.8M)	(2.2M)	(1.6M)	(900K)	(810K)	(769.5K)
Cash And Short Term Investments	(2.8M)	(2.2M)	(1.6M)	(900K)	(810K)	(769.5K)
Net Receivables	37.3M	27.2M	52.4M	80.3M	92.3M	51.2M
Liabilities And Stockholders Equity	2.7B	2.6B	3.5B	3.4B	3.9B	2.7B
Other Stockholder Equity	6.6M	7.7M	8.2M	6.3M	7.2M	4.6M
Total Liab	233.8M	266.2M	915.8M	647.1M	541.3M	377.3M
Total Current Assets	37.9M	27.7M	52.9M	80.8M	62.3M	60.2M
Common Stock	3.3B	3.2B	3.4B	3.4B	3.9B	3.0B
Property Plant Equipment	2.1B	1.9B	2.8B	1.7B	2.0B	1.9B
Other Current Liab	31.8M	24.6M	41.7M	173.9M	200.0M	210.0M
Property Plant And Equipment Net	2.1B	1.9B	2.8B	2.7B	2.6B	2.3B
Retained Earnings	(814.5M)	(869.1M)	(816.4M)	(642.2M)	(643.8M)	(676.0M)
Accounts Payable	1.1M	1.3M	1.6M	2.1M	2.6M	1.8M
Non Current Assets Total	2.7B	2.6B	3.5B	3.3B	3.2B	3.0B
Common Stock Total Equity	3.3B	3.3B	3.3B	3.2B	3.7B	3.2B
Common Stock Shares Outstanding	235.4M	234M	230.1M	223.8M	239M	238.0M
Non Current Liabilities Total	192.8M	196.5M	871.3M	469.5M	444.9M	339.0M
Property Plant And Equipment Gross	2.1B	1.9B	3.7B	3.8B	3.8B	2.7B
Accumulated Other Comprehensive Income	(450.3M)	(590.2M)	(713.4M)	(817.9M)	(736.1M)	(772.9M)
Capital Surpluse	6.6M	7.7M	8.2M	6.3M	7.2M	5.7M
Intangible Assets	682.5M	623.5M	1.0B	1.0B	1.2B	920.9M
Long Term Debt Total	2.2M	1.6M	644.3M	218.4M	251.2M	136.2M
Short Term Debt	7.9M	43.5M	700K	800K	920K	874K
Net Invested Capital	2.5B	2.4B	3.2B	3.0B	3.0B	3.0B
Net Working Capital	(3.1M)	(42M)	8.4M	(96.8M)	(34.1M)	(32.4M)
Short Long Term Debt Total	10.1M	45.1M	645M	219.2M	252.1M	203.5M
Capital Stock	3.3B	3.2B	3.4B	3.4B	3.9B	3.7B

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 PrairieSky Royalty 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, PrairieSky Royalty's short interest history, or implied volatility extrapolated from PrairieSky Royalty options trading.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrairieSky Royalty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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PrairieSky Common Stock Shares Outstanding vs Net Debt Analysis

Common Stock Shares Outstanding vs Net Debt

Common Stock Shares Outstanding vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock Shares Outstanding

Net Debt

PrairieSky Royalty fundamental ratios Correlations

PrairieSky Royalty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PrairieSky Royalty fundamental ratios Accounts

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Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for PrairieSky Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity

Common Stock Total Equity	- 0.95	Retained Earnings
Retained Earnings	- 0.95	Property Plant Equipment
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Retained Earnings	- 0.93	Common Stock
Non Current Assets Total	- 0.92	Retained Earnings
Retained Earnings	- 0.92	Other Stockholder Equity