Palomar Total Current Liabilities vs Total Liab Analysis
PLMR Stock | USD 84.84 0.16 0.19% |
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 Total Current Liabilities and its Total Liab 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.
Total Current Liabilities vs Total Liab
Total Current Liabilities vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Palomar Holdings Total Current Liabilities account and Total Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Palomar Holdings' Total Current Liabilities and Total Liab is 0.35. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Liab 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' Total Current Liabilities and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Palomar Holdings are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Liabilities i.e., Palomar Holdings' Total Current Liabilities and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Palomar Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Palomar Holdings are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 06/01/2024, 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.