Pets Good Will vs Cash And Short Term Investments Analysis

PETS Stock   280.00  1.80  0.65%   
Pets At financial indicator trend analysis is much more than just breaking down Pets at Home prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pets at Home is a good investment. Please check the relationship between Pets At Good Will and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pets at Home. 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.

Good Will vs Cash And Short Term Investments

Good Will vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pets at Home Good Will account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Pets At's Good Will and Cash And Short Term Investments is -0.05. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Pets at Home, assuming nothing else is changed. The correlation between historical values of Pets At's Good Will and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Pets at Home are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Good Will i.e., Pets At's Good Will and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.05
Relationship DirectionNegative 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Pets at Home balance sheet. This account contains Pets At investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Pets at Home fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Pets At's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pets at Home 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 Pets at Home. 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.
Selling General Administrative is likely to drop to about 78.2 M in 2024. Tax Provision is likely to drop to about 23.5 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense14.6M17M17.6M15.2M
Depreciation And Amortization103.9M102.3M104.8M58.3M

Pets At fundamental ratios Correlations

0.690.80.950.890.98-0.310.530.660.130.260.97-0.380.630.110.41-0.140.440.86-0.1-0.860.960.830.580.980.87
0.690.320.520.330.660.230.950.22-0.520.570.56-0.280.37-0.11-0.27-0.080.930.37-0.56-0.520.840.50.570.730.42
0.80.320.840.830.86-0.520.240.670.53-0.270.89-0.610.290.280.61-0.060.090.70.39-0.750.70.610.090.770.82
0.950.520.840.940.95-0.340.370.790.330.110.94-0.340.540.080.51-0.090.260.950.0-0.840.860.830.50.930.88
0.890.330.830.940.87-0.440.160.770.480.040.89-0.290.570.170.58-0.090.060.920.13-0.830.720.770.470.830.91
0.980.660.860.950.87-0.340.520.70.160.130.98-0.430.530.090.48-0.10.410.830.0-0.80.940.80.450.980.87
-0.310.23-0.52-0.34-0.44-0.340.41-0.4-0.50.16-0.390.36-0.48-0.03-0.82-0.260.31-0.3-0.490.44-0.19-0.08-0.04-0.21-0.47
0.530.950.240.370.160.520.410.12-0.550.390.43-0.30.05-0.1-0.43-0.080.920.2-0.52-0.330.70.360.340.60.28
0.660.220.670.790.770.7-0.40.120.35-0.010.64-0.260.34-0.410.480.470.140.760.05-0.620.520.390.350.590.7
0.13-0.520.530.330.480.16-0.5-0.550.35-0.590.27-0.09-0.030.40.58-0.08-0.670.410.68-0.21-0.10.21-0.240.040.34
0.260.57-0.270.110.040.130.160.39-0.01-0.590.030.250.65-0.36-0.360.110.630.15-0.82-0.360.370.170.890.230.04
0.970.560.890.940.890.98-0.390.430.640.270.03-0.460.520.240.56-0.20.280.830.12-0.80.910.820.380.960.89
-0.38-0.28-0.61-0.34-0.29-0.430.36-0.3-0.26-0.090.25-0.460.02-0.08-0.24-0.16-0.23-0.15-0.370.49-0.390.010.17-0.35-0.6
0.630.370.290.540.570.53-0.480.050.34-0.030.650.520.02-0.050.41-0.020.230.57-0.23-0.680.60.520.810.560.51
0.11-0.110.280.080.170.09-0.03-0.1-0.410.4-0.360.24-0.08-0.050.22-0.87-0.370.050.46-0.030.070.42-0.260.150.11
0.41-0.270.610.510.580.48-0.82-0.430.480.58-0.360.56-0.240.410.22-0.05-0.470.490.59-0.370.270.38-0.060.380.51
-0.14-0.08-0.06-0.09-0.09-0.1-0.26-0.080.47-0.080.11-0.2-0.16-0.02-0.87-0.050.2-0.11-0.1-0.03-0.15-0.570.06-0.24-0.01
0.440.930.090.260.060.410.310.920.14-0.670.630.28-0.230.23-0.37-0.470.20.11-0.65-0.330.630.160.510.460.19
0.860.370.70.950.920.83-0.30.20.760.410.150.83-0.150.570.050.49-0.110.11-0.04-0.770.730.820.570.820.82
-0.1-0.560.390.00.130.0-0.49-0.520.050.68-0.820.12-0.37-0.230.460.59-0.1-0.65-0.040.11-0.23-0.1-0.67-0.130.16
-0.86-0.52-0.75-0.84-0.83-0.80.44-0.33-0.62-0.21-0.36-0.80.49-0.68-0.03-0.37-0.03-0.33-0.770.11-0.79-0.62-0.65-0.78-0.86
0.960.840.70.860.720.94-0.190.70.52-0.10.370.91-0.390.60.070.27-0.150.630.73-0.23-0.790.770.590.960.76
0.830.50.610.830.770.8-0.080.360.390.210.170.820.010.520.420.38-0.570.160.82-0.1-0.620.770.490.870.61
0.580.570.090.50.470.45-0.040.340.35-0.240.890.380.170.81-0.26-0.060.060.510.57-0.67-0.650.590.490.520.39
0.980.730.770.930.830.98-0.210.60.590.040.230.96-0.350.560.150.38-0.240.460.82-0.13-0.780.960.870.520.82
0.870.420.820.880.910.87-0.470.280.70.340.040.89-0.60.510.110.51-0.010.190.820.16-0.860.760.610.390.82
Click cells to compare fundamentals

Pets At Account Relationship Matchups

Pets At fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B1.7B1.8B1.8B1.7B1.5B
Short Long Term Debt Total627.4M508.4M479.9M541.9M426.3M423.8M
Other Current Liab169.4M108M112.8M113.6M119.6M77.4M
Total Current Liabilities286.9M296.6M309.6M353.6M341.2M222.7M
Total Stockholder Equity931M993.7M1.0B1.0B988.5M908.0M
Property Plant And Equipment Net542.3M468.3M449M506.5M477.4M265.3M
Current Deferred Revenue(77.1M)(59.3M)(69.1M)(80M)(600K)(630K)
Net Debt548.3M407M313.9M363.9M369.2M332.6M
Retained Earnings1.2B1.2B1.3B1.3B1.4B889.1M
Accounts Payable110.8M107.1M118.5M155.5M138.2M130.3M
Cash79.1M101.4M166M178M57.1M95.2M
Non Current Assets Total1.6B1.5B1.5B1.5B1.5B1.3B
Non Currrent Assets Other(1.6B)(1.4B)10.1M8.4M20.3M21.3M
Cash And Short Term Investments79.1M101.4M166M178M57.1M91.7M
Good Will981.2M958.4M959M959.2M959.4M1.1B
Liabilities And Stockholders Equity1.8B1.7B1.8B1.8B1.7B1.6B
Non Current Liabilities Total551M433.7M408.3M470.7M354.1M304.0M
Inventory62.8M83.7M84.5M108.6M97.5M67.3M
Other Current Assets57.4M44.3M5.5M5.4M36.4M45.0M
Other Stockholder Equity(1.2B)(1.2B)(1.7B)(1.7B)(631.6M)(600.0M)
Total Liab837.9M730.3M717.9M824.3M695.3M637.0M
Property Plant And Equipment Gross542.3M468.3M890.6M1.0B1.1B1.2B
Total Current Assets199.3M238.8M317.4M340.6M215.8M221.6M
Accumulated Other Comprehensive Income(261.8M)(350M)(368.6M)(373.5M)(372.3M)(353.7M)
Short Term Debt83.8M78.5M78.3M84.5M82M57.0M
Intangible Assets25.2M41.8M28.1M30.3M20.3M14.8M
Net Receivables55.1M50.5M61.4M48.6M24.8M41.4M
Short Term Investments(300K)(200K)(1.6M)2M1.8M1.9M
Other Liab51.5M41.6M5.1M6.7M6.0M5.7M
Net Tangible Assets(86.6M)(97.8M)(75.4M)62.6M72.0M75.6M
Long Term Debt163.3M98.7M96.9M119.3M43.3M41.1M
Short Long Term Debt194.6M124K0.01.2M2.2M2.1M
Property Plant Equipment129.9M123.7M542.3M449M516.4M542.2M
Other Assets19.7M18.1M19.1M11.2M12.9M17.2M
Capital Lease Obligations464.1M409.7M383M421.4M380.8M283.2M
Net Invested Capital1.1B1.1B1.1B1.1B1.0B879.5M
Net Working Capital(87.6M)(57.8M)7.8M(13M)(125.4M)(119.1M)

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