Palomar Accounts Payable vs Capital Stock Analysis
PLMR Stock | USD 87.10 1.80 2.11% |
Palomar Holdings financial indicator trend analysis is much more than just breaking down Palomar Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Palomar Holdings is a good investment. Please check the relationship between Palomar Holdings Accounts Payable and its Capital Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Palomar Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.
Accounts Payable vs Capital Stock
Accounts Payable vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Accounts Payable account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Palomar Holdings' Accounts Payable and Capital Stock is 0.83. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Palomar Holdings, assuming nothing else is changed. The correlation between historical values of Palomar Holdings' Accounts Payable and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Palomar Holdings are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Accounts Payable i.e., Palomar Holdings' Accounts Payable and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents Palomar Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Palomar Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Most indicators from Palomar Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Palomar Holdings 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 Palomar Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Palomar Stock, please use our How to Invest in Palomar Holdings guide.As of 05/17/2024, Tax Provision is likely to grow to about 24.2 M, while Enterprise Value Over EBITDA is likely to drop 7.10.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 3.5M | 5.7M | 4.5M | 4.7M | Interest Income | 9.6M | 14.4M | 21.6M | 22.7M |
Palomar Holdings fundamental ratios Correlations
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Palomar Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Palomar Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 395.5M | 729.1M | 925.7M | 1.3B | 1.2B | 698.4M | |
Other Current Liab | (24.9M) | (43.0M) | (58.7M) | (200.7M) | 23.1M | 24.3M | |
Total Current Liabilities | 24.9M | 43.0M | 58.7M | 10.3M | 254.5M | 267.2M | |
Total Stockholder Equity | 218.6M | 363.7M | 394.2M | 384.8M | 471.3M | 285.3M | |
Net Tangible Assets | 217.8M | 352.2M | 384.7M | 376.5M | 433.0M | 247.8M | |
Retained Earnings | 33.9M | 40.0M | 70.0M | 87.7M | 144.6M | 151.9M | |
Accounts Payable | 24.9M | 43.0M | 58.7M | 164.3M | 224.1M | 235.3M | |
Cash | 33.1M | 33.5M | 50.3M | 68.1M | 51.9M | 36.7M | |
Other Assets | (149.4M) | (290.6M) | (278.5M) | 696.2M | 800.6M | 840.6M | |
Net Receivables | 53.5M | 153.6M | 245.3M | 348.3M | 538.8M | 565.7M | |
Common Stock Shares Outstanding | 21.8M | 25.6M | 26.1M | 25.8M | 25.3M | 26.5M | |
Capital Surpluse | 180.0M | 310.5M | 318.9M | 333.6M | 383.6M | 211.9M | |
Other Current Assets | 80.3M | 96.5M | 162.7M | (348.3M) | 319.1M | 335.1M | |
Other Stockholder Equity | 180.0M | 310.5M | 318.9M | 333.6M | 350.6M | 227.5M | |
Total Liab | 176.9M | 365.4M | 531.6M | 914.1M | 694.2M | 413.1M | |
Long Term Investments | 239.5M | 424.9M | 465.9M | 553.6M | 689.6M | 377.6M | |
Total Current Assets | 303.8M | 585.1M | 728.3M | 583.2M | 319.1M | 392.3M | |
Property Plant Equipment | 845K | 739K | 527K | 603K | 542.7K | 618.1K | |
Other Liab | 2.0M | 5.4M | 3.9M | 53.5M | 61.6M | 64.6M | |
Property Plant And Equipment Net | 845K | 739K | 527K | 603K | 373K | 555.5K | |
Net Debt | (33.1M) | (33.5M) | (48.1M) | (31.7M) | 748K | 785.4K | |
Non Current Assets Total | 241.1M | 434.6M | 476.0M | 19.5M | 846.3M | 888.6M | |
Non Currrent Assets Other | (4.6M) | (8.6M) | (15.2M) | (553.6M) | 820.9M | 861.9M | |
Cash And Short Term Investments | 250.3M | 431.5M | 483.0M | 583.2M | 695.3M | 422.4M | |
Short Term Investments | 217.2M | 398.0M | 432.7M | 515.1M | 643.8M | 382.0M | |
Liabilities And Stockholders Equity | 395.5M | 729.1M | 925.7M | 1.3B | 1.7B | 860.6M | |
Non Current Liabilities Total | 2.0M | 5.4M | 3.9M | 911.4M | 439.7M | 461.7M | |
Net Invested Capital | 218.6M | 363.7M | 394.2M | 421.2M | 523.9M | 334.3M | |
Accumulated Other Comprehensive Income | 4.7M | 13.2M | 5.3M | (36.5M) | (24.0M) | (22.8M) |
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Is Palomar Holdings' 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 Palomar Holdings. If investors know Palomar 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 Palomar Holdings 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 0.529 | Earnings Share 3.49 | Revenue Per Share 16.344 | Quarterly Revenue Growth 0.329 | Return On Assets 0.0447 |
The market value of Palomar Holdings is measured differently than its book value, which is the value of Palomar that is recorded on the company's balance sheet. Investors also form their own opinion of Palomar Holdings' value that differs from its market value or its book value, called intrinsic value, which is Palomar Holdings' 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 Palomar Holdings' market value can be influenced by many factors that don't directly affect Palomar Holdings' 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 Palomar Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Palomar Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palomar Holdings' 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.