Palomar Non Current Assets Total vs Long Term Debt Analysis

PLMR Stock

USD 87.01 0.84 0.97%

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 Non Current Assets Total and its Long Term Debt 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 closely tied 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.

Non Current Assets Total vs Long Term Debt

Non Current Assets Total vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Non Current Assets Total account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Palomar Holdings' Non Current Assets Total and Long Term Debt is 0.56. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Long Term Debt 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' Non Current Assets Total and Long Term 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 Non Current Assets Total of Palomar Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Palomar Holdings' Non Current Assets Total and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Long Term Debt

Long-term debt is a debt that Palomar Holdings has held for over one year. Long-term debt appears on Palomar Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Palomar Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 closely tied 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 06/07/2024, 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

Depreciation And Amortization Interest Income

Palomar Holdings fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Long Term Debt Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Total Current Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total
Total Assets		-0.71	0.39	0.96	0.96	0.84	0.8	0.98	0.57	0.59	0.84	0.87	0.59	0.97	0.16	0.95	0.99	0.98	0.86	0.89	-0.94	0.45	0.72	-0.87	-0.65	0.56
Other Current Liab	-0.71		0.29	-0.59	-0.62	-0.32	-0.33	-0.75	-0.18	-0.2	-0.34	-0.51	-0.2	-0.61	0.49	-0.68	-0.75	-0.59	-0.75	-0.57	0.55	-0.08	-0.3	0.31	0.71	0.09
Total Current Liabilities	0.39	0.29		0.45	0.39	0.8	0.8	0.32	0.73	0.75	0.8	0.53	0.75	0.4	0.81	0.36	0.35	0.49	0.14	0.33	-0.52	0.6	0.76	-0.7	0.18	0.9
Total Stockholder Equity	0.96	-0.59	0.45		1.0	0.84	0.75	0.94	0.45	0.47	0.83	0.87	0.47	1.0	0.36	0.98	0.91	0.99	0.89	0.93	-0.94	0.31	0.63	-0.87	-0.71	0.68
Net Tangible Assets	0.96	-0.62	0.39	1.0		0.81	0.72	0.95	0.41	0.43	0.79	0.85	0.42	1.0	0.32	0.98	0.91	0.98	0.9	0.93	-0.93	0.28	0.59	-0.85	-0.75	0.64
Retained Earnings	0.84	-0.32	0.8	0.84	0.81		0.97	0.81	0.79	0.81	0.99	0.84	0.8	0.81	0.54	0.8	0.81	0.87	0.64	0.7	-0.89	0.57	0.9	-0.91	-0.34	0.85
Accounts Payable	0.8	-0.33	0.8	0.75	0.72	0.97		0.75	0.9	0.92	0.98	0.79	0.91	0.72	0.42	0.72	0.8	0.82	0.53	0.62	-0.81	0.72	0.97	-0.85	-0.19	0.77
Cash	0.98	-0.75	0.32	0.94	0.95	0.81	0.75		0.52	0.53	0.8	0.82	0.52	0.95	0.12	0.94	0.97	0.94	0.87	0.83	-0.92	0.35	0.67	-0.82	-0.74	0.5
Other Assets	0.57	-0.18	0.73	0.45	0.41	0.79	0.9	0.52		0.98	0.81	0.51	0.98	0.43	0.21	0.4	0.62	0.56	0.17	0.29	-0.53	0.88	0.97	-0.66	0.15	0.52
Long Term Debt	0.59	-0.2	0.75	0.47	0.43	0.81	0.92	0.53	0.98		0.84	0.58	1.0	0.45	0.23	0.43	0.64	0.58	0.21	0.34	-0.58	0.89	0.97	-0.69	0.15	0.56
Net Receivables	0.84	-0.34	0.8	0.83	0.79	0.99	0.98	0.8	0.81	0.84		0.86	0.84	0.8	0.5	0.8	0.82	0.87	0.64	0.72	-0.89	0.62	0.92	-0.91	-0.3	0.84
Common Stock Shares Outstanding	0.87	-0.51	0.53	0.87	0.85	0.84	0.79	0.82	0.51	0.58	0.86		0.57	0.85	0.35	0.85	0.84	0.85	0.84	0.92	-0.91	0.3	0.68	-0.85	-0.55	0.7
Long Term Debt Total	0.59	-0.2	0.75	0.47	0.42	0.8	0.91	0.52	0.98	1.0	0.84	0.57		0.44	0.23	0.43	0.64	0.58	0.21	0.33	-0.58	0.89	0.97	-0.69	0.16	0.56
Capital Surpluse	0.97	-0.61	0.4	1.0	1.0	0.81	0.72	0.95	0.43	0.45	0.8	0.85	0.44		0.31	0.98	0.92	0.98	0.88	0.94	-0.92	0.31	0.61	-0.86	-0.73	0.63
Other Current Assets	0.16	0.49	0.81	0.36	0.32	0.54	0.42	0.12	0.21	0.23	0.5	0.35	0.23	0.31		0.28	0.05	0.32	0.16	0.29	-0.38	0.08	0.29	-0.51	-0.01	0.88
Other Stockholder Equity	0.95	-0.68	0.36	0.98	0.98	0.8	0.72	0.94	0.4	0.43	0.8	0.85	0.43	0.98	0.28		0.91	0.96	0.93	0.92	-0.92	0.25	0.59	-0.8	-0.75	0.63
Total Liab	0.99	-0.75	0.35	0.91	0.91	0.81	0.8	0.97	0.62	0.64	0.82	0.84	0.64	0.92	0.05	0.91		0.95	0.81	0.83	-0.9	0.51	0.75	-0.84	-0.6	0.47
Long Term Investments	0.98	-0.59	0.49	0.99	0.98	0.87	0.82	0.94	0.56	0.58	0.87	0.85	0.58	0.98	0.32	0.96	0.95		0.83	0.9	-0.94	0.46	0.72	-0.9	-0.61	0.67
Total Current Assets	0.86	-0.75	0.14	0.89	0.9	0.64	0.53	0.87	0.17	0.21	0.64	0.84	0.21	0.88	0.16	0.93	0.81	0.83		0.9	-0.86	-0.05	0.38	-0.66	-0.88	0.48
Intangible Assets	0.89	-0.57	0.33	0.93	0.93	0.7	0.62	0.83	0.29	0.34	0.72	0.92	0.33	0.94	0.29	0.92	0.83	0.9	0.9		-0.87	0.17	0.49	-0.78	-0.7	0.6
Property Plant Equipment	-0.94	0.55	-0.52	-0.94	-0.93	-0.89	-0.81	-0.92	-0.53	-0.58	-0.89	-0.91	-0.58	-0.92	-0.38	-0.92	-0.9	-0.94	-0.86	-0.87		-0.37	-0.7	0.94	0.62	-0.71
Short Long Term Debt Total	0.45	-0.08	0.6	0.31	0.28	0.57	0.72	0.35	0.88	0.89	0.62	0.3	0.89	0.31	0.08	0.25	0.51	0.46	-0.05	0.17	-0.37		0.82	-0.55	0.35	0.34
Other Liab	0.72	-0.3	0.76	0.63	0.59	0.9	0.97	0.67	0.97	0.97	0.92	0.68	0.97	0.61	0.29	0.59	0.75	0.72	0.38	0.49	-0.7	0.82		-0.77	-0.03	0.64
Property Plant And Equipment Net	-0.87	0.31	-0.7	-0.87	-0.85	-0.91	-0.85	-0.82	-0.66	-0.69	-0.91	-0.85	-0.69	-0.86	-0.51	-0.8	-0.84	-0.9	-0.66	-0.78	0.94	-0.55	-0.77		0.41	-0.78
Net Debt	-0.65	0.71	0.18	-0.71	-0.75	-0.34	-0.19	-0.74	0.15	0.15	-0.3	-0.55	0.16	-0.73	-0.01	-0.75	-0.6	-0.61	-0.88	-0.7	0.62	0.35	-0.03	0.41		-0.18
Non Current Assets Total	0.56	0.09	0.9	0.68	0.64	0.85	0.77	0.5	0.52	0.56	0.84	0.7	0.56	0.63	0.88	0.63	0.47	0.67	0.48	0.6	-0.71	0.34	0.64	-0.78	-0.18

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Palomar Holdings Account Relationship Matchups

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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Palomar Non Current Assets Total vs Long Term Debt Analysis

Non Current Assets Total vs Long Term Debt

Non Current Assets Total vs Long Term Debt Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Long Term Debt

Palomar Holdings fundamental ratios Correlations

Palomar Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Palomar Holdings fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Palomar Stock Analysis

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Net Tangible Assets	+ 1.0	Total Stockholder Equity
Capital Surpluse	+ 1.0	Total Stockholder Equity
Capital Surpluse	+ 1.0	Net Tangible Assets
Long Term Debt Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Total Assets
Long Term Investments	+ 0.99	Total Stockholder Equity

Property Plant Equipment	- 0.94	Long Term Investments
Property Plant Equipment	- 0.94	Total Stockholder Equity
Property Plant Equipment	- 0.94	Total Assets
Property Plant Equipment	- 0.93	Net Tangible Assets
Property Plant Equipment	- 0.92	Other Stockholder Equity
Property Plant Equipment	- 0.92	Capital Surpluse