Pet Capital Lease Obligations vs Net Receivables Analysis
PET Stock | 27.38 0.54 2.01% |
Pet Valu financial indicator trend analysis is much more than just breaking down Pet Valu Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pet Valu Holdings is a good investment. Please check the relationship between Pet Valu Capital Lease Obligations and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pet Valu 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 board of governors.
Capital Lease Obligations vs Net Receivables
Capital Lease Obligations vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pet Valu Holdings Capital Lease Obligations account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pet Valu's Capital Lease Obligations and Net Receivables is 0.96. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Pet Valu Holdings, assuming nothing else is changed. The correlation between historical values of Pet Valu's Capital Lease Obligations and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Pet Valu Holdings are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Lease Obligations i.e., Pet Valu's Capital Lease Obligations and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Capital Lease Obligations
Pet Valu Holdings capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Pet Valu asset purchases. For example, Pet Valu can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Pet Valu control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Net Receivables
Most indicators from Pet Valu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pet Valu 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 Pet Valu 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 board of governors. As of the 2nd of December 2024, Tax Provision is likely to drop to about 23.1 M. In addition to that, Selling General Administrative is likely to drop to about 110.3 M
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 33.7M | 38.1M | 50.7M | 40.9M | Interest Income | 1.4M | 21.6M | 10.9M | 9.5M |
Pet Valu fundamental ratios Correlations
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Pet Valu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Other Information on Investing in Pet Stock
Balance Sheet is a snapshot of the financial position of Pet Valu Holdings at a specified time, usually calculated after every quarter, six months, or one year. Pet Valu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Pet Valu and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Pet currently owns. An asset can also be divided into two categories, current and non-current.