Provident Financial Services Stock Current Ratio

PFS Stock

USD 21.12 0.21 0.98%

Provident Financial Services fundamentals help investors to digest information that contributes to Provident Financial's financial success or failures. It also enables traders to predict the movement of Provident Stock. The fundamental analysis module provides a way to measure Provident Financial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Provident Financial stock.

		Last Reported	Projected for Next Year
	Current Ratio	0.24	0.23

Current Ratio is likely to drop to 0.23 in 2024.

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Provident Financial Services Company Current Ratio Analysis

Provident Financial's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Provident Financial Current Ratio

0.23

Most of Provident Financial's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Provident Financial Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Provident Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Provident Financial is extremely important. It helps to project a fair market value of Provident Stock properly, considering its historical fundamentals such as Current Ratio. Since Provident Financial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Provident Financial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Provident Financial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Retained Earnings	Accounts Payable	Long Term Debt	Good Will	Short Term Investments	Total Liab	Intangible Assets	Property Plant Equipment	Net Debt	Net Receivables	Total Current Assets	Common Stock	Treasury Stock	Short Term Debt	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Earning Assets	Net Invested Capital	Capital Stock
Total Assets		0.98	0.95	0.82	0.42	0.85	0.46	0.23	-0.36	0.61	0.13	0.92	-0.16	0.68	0.63	-0.06	0.93	0.16	-0.36	-0.11	-0.66	0.77	-0.2	-0.12
Total Stockholder Equity	0.98		0.91	0.8	0.5	0.92	0.47	0.19	-0.2	0.59	0.21	0.84	-0.06	0.74	0.53	0.01	0.89	0.2	-0.33	0.02	-0.68	0.65	-0.28	-0.12
Retained Earnings	0.95	0.91		0.81	0.34	0.73	0.35	0.28	-0.43	0.45	0.1	0.94	-0.32	0.59	0.67	-0.21	0.96	0.18	-0.4	-0.19	-0.76	0.84	-0.17	-0.18
Accounts Payable	0.82	0.8	0.81		0.18	0.67	0.12	0.18	-0.61	0.51	-0.01	0.83	-0.46	0.71	0.71	-0.21	0.87	0.08	-0.8	-0.4	-0.64	0.79	-0.02	-0.63
Long Term Debt	0.42	0.5	0.34	0.18		0.69	0.18	0.62	0.48	0.58	0.93	0.25	0.58	0.59	-0.1	0.45	0.23	0.86	0.0	0.33	-0.13	0.02	0.27	0.02
Good Will	0.85	0.92	0.73	0.67	0.69		0.38	0.35	0.09	0.69	0.47	0.67	0.18	0.89	0.21	0.33	0.67	0.33	-0.28	0.05	-0.46	0.46	-0.1	-0.14
Short Term Investments	0.46	0.47	0.35	0.12	0.18	0.38		-0.1	0.11	0.23	-0.06	0.2	0.33	0.03	0.15	-0.01	0.29	-0.14	0.39	0.15	-0.2	0.15	-0.57	0.54
Total Liab	0.23	0.19	0.28	0.18	0.62	0.35	-0.1		0.1	0.44	0.72	0.33	0.29	0.46	-0.15	0.37	0.1	0.65	-0.15	-0.33	-0.03	0.34	0.73	-0.21
Intangible Assets	-0.36	-0.2	-0.43	-0.61	0.48	0.09	0.11	0.1		-0.08	0.57	-0.59	0.81	0.01	-0.8	0.53	-0.55	0.31	0.62	0.54	0.35	-0.68	-0.08	0.46
Property Plant Equipment	0.61	0.59	0.45	0.51	0.58	0.69	0.23	0.44	-0.08		0.43	0.51	0.15	0.67	0.26	0.36	0.43	0.4	-0.36	-0.21	0.08	0.44	0.24	-0.19
Net Debt	0.13	0.21	0.1	-0.01	0.93	0.47	-0.06	0.72	0.57	0.43		0.03	0.57	0.48	-0.32	0.53	-0.04	0.9	0.01	0.25	0.05	-0.15	0.49	-0.07
Net Receivables	0.92	0.84	0.94	0.83	0.25	0.67	0.2	0.33	-0.59	0.51	0.03		-0.41	0.6	0.7	-0.13	0.92	0.11	-0.49	-0.27	-0.67	0.88	0.03	-0.26
Total Current Assets	-0.16	-0.06	-0.32	-0.46	0.58	0.18	0.33	0.29	0.81	0.15	0.57	-0.41		0.04	-0.59	0.48	-0.41	0.39	0.59	0.43	0.29	-0.49	0.0	0.49
Common Stock	0.68	0.74	0.59	0.71	0.59	0.89	0.03	0.46	0.01	0.67	0.48	0.6	0.04		0.09	0.41	0.54	0.33	-0.54	-0.18	-0.35	0.46	0.19	-0.48
Treasury Stock	0.63	0.53	0.67	0.71	-0.1	0.21	0.15	-0.15	-0.8	0.26	-0.32	0.7	-0.59	0.09		-0.62	0.8	0.0	-0.56	-0.17	-0.57	0.66	-0.2	-0.3
Short Term Debt	-0.06	0.01	-0.21	-0.21	0.45	0.33	-0.01	0.37	0.53	0.36	0.53	-0.13	0.48	0.41	-0.62		-0.33	0.22	0.21	0.12	0.37	-0.28	0.33	0.13
Net Tangible Assets	0.93	0.89	0.96	0.87	0.23	0.67	0.29	0.1	-0.55	0.43	-0.04	0.92	-0.41	0.54	0.8	-0.33		0.11	-0.51	-0.15	-0.79	0.82	-0.24	-0.28
Long Term Debt Total	0.16	0.2	0.18	0.08	0.86	0.33	-0.14	0.65	0.31	0.4	0.9	0.11	0.39	0.33	0.0	0.22	0.11		-0.15	0.23	-0.06	-0.03	0.5	-0.18
Capital Surpluse	-0.36	-0.33	-0.4	-0.8	0.0	-0.28	0.39	-0.15	0.62	-0.36	0.01	-0.49	0.59	-0.54	-0.56	0.21	-0.51	-0.15		0.5	0.32	-0.53	-0.31	0.95
Long Term Investments	-0.11	0.02	-0.19	-0.4	0.33	0.05	0.15	-0.33	0.54	-0.21	0.25	-0.27	0.43	-0.18	-0.17	0.12	-0.15	0.23	0.5		-0.04	-0.64	-0.32	0.51
Short Long Term Debt	-0.66	-0.68	-0.76	-0.64	-0.13	-0.46	-0.2	-0.03	0.35	0.08	0.05	-0.67	0.29	-0.35	-0.57	0.37	-0.79	-0.06	0.32	-0.04		-0.54	0.34	0.21
Earning Assets	0.77	0.65	0.84	0.79	0.02	0.46	0.15	0.34	-0.68	0.44	-0.15	0.88	-0.49	0.46	0.66	-0.28	0.82	-0.03	-0.53	-0.64	-0.54		0.04	-0.35
Net Invested Capital	-0.2	-0.28	-0.17	-0.02	0.27	-0.1	-0.57	0.73	-0.08	0.24	0.49	0.03	0.0	0.19	-0.2	0.33	-0.24	0.5	-0.31	-0.32	0.34	0.04		-0.42
Capital Stock	-0.12	-0.12	-0.18	-0.63	0.02	-0.14	0.54	-0.21	0.46	-0.19	-0.07	-0.26	0.49	-0.48	-0.3	0.13	-0.28	-0.18	0.95	0.51	0.21	-0.35	-0.42

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Provident Current Ratio Historical Pattern

Today, most investors in Provident Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Provident Financial's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Provident Financial current ratio as a starting point in their analysis.

Provident Financial Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Provident Financial

Current Ratio Over Time

Provident Price To Sales Ratio

Price To Sales Ratio

2.84

At this time, Provident Financial's Price To Sales Ratio is comparatively stable compared to the past year.

Provident Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of Provident Financial from analyzing Provident Financial's financial statements. These drivers represent accounts that assess Provident Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Provident Financial's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.6B	1.2B	1.9B	1.6B	1.3B	975.3M
Enterprise Value	2.5B	1.9B	1.8B	2.8B	2.6B	1.8B

Provident Financial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Provident Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Provident Financial's managers, analysts, and investors.

Environmental

Governance

Social

Provident Fundamentals

	Return On Equity	0.0445
	Return On Asset	0.005
	Profit Margin	0.18 %
	Operating Margin	0.48 %
	Current Valuation	5.23 B
	Shares Outstanding	130.49 M
	Shares Owned By Insiders	2.80 %
	Shares Owned By Institutions	69.34 %
	Number Of Shares Shorted	2.83 M
	Price To Earning	12.34 X
	Price To Book	1.06 X
	Price To Sales	5.29 X
	Revenue	451.38 M
	Gross Profit	496.95 M
	EBITDA	2.95 M
	Net Income	128.4 M
	Cash And Equivalents	381.36 M
	Cash Per Share	5.13 X
	Total Debt	1.46 B
	Debt To Equity	0.30 %
	Book Value Per Share	20.09 X
	Cash Flow From Operations	173.4 M
	Short Ratio	4.66 X
	Earnings Per Share	1.01 X
	Price To Earnings To Growth	1.84 X
	Target Price	23.0
	Number Of Employees	1.11 K
	Beta	1.02
	Market Capitalization	2.78 B
	Total Asset	14.21 B
	Retained Earnings	974.54 M
	Annual Yield	0.04 %
	Five Year Return	4.16 %
	Net Asset	14.21 B
	Last Dividend Paid	0.96

About Provident Financial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Provident Financial Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Provident Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Provident Financial Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Provident Stock Analysis

When running Provident Financial's price analysis, check to measure Provident Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.

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