| PET Stock | | | 23.78 0.73 2.98% |
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 Total Current Liabilities and its Net Tangible Assets 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.
Total Current Liabilities vs Net Tangible Assets
Total Current Liabilities vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Pet Valu Holdings Total Current Liabilities account and
Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Pet Valu's Total Current Liabilities and Net Tangible Assets is 0.92. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Tangible Assets 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 Total Current Liabilities and Net Tangible Assets 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 Pet Valu Holdings are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Liabilities i.e., Pet Valu's Total Current Liabilities and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Pet Valu balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Pet Valu 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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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.
At this time, Pet Valu's
Enterprise Value Over EBITDA is very stable compared to the past year. As of the 27th of February 2025,
Enterprise Value Multiple is likely to grow to 28.92, while
Tax Provision is likely to drop about 23.1
M.
Pet Valu fundamental ratios Correlations
Click cells to compare fundamentals
Pet Valu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pet Valu fundamental ratios Accounts
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.