Pets Other Non Cash Items vs Depreciation 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 Other Non Cash Items and its Depreciation 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.

Other Non Cash Items vs Depreciation

Other Non Cash Items vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pets at Home Other Non Cash Items account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Pets At's Other Non Cash Items and Depreciation is -0.33. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Depreciation 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 Other Non Cash Items and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Pets at Home are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Other Non Cash Items i.e., Pets At's Other Non Cash Items and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.33
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Non Cash Items

Depreciation

Depreciation indicates how much of Pets at Home value has been used up. For tax purposes Pets At can deduct the cost of the tangible assets it purchases as business expenses. However, Pets at Home must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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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