Pets Property Plant And Equipment Gross vs Total Current Liabilities 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 Property Plant And Equipment Gross and its Total Current Liabilities 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.

Property Plant And Equipment Gross vs Total Current Liabilities

Property Plant And Equipment Gross vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pets at Home Property Plant And Equipment Gross account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Pets At's Property Plant And Equipment Gross and Total Current Liabilities is 0.83. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Current Liabilities 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 Property Plant And Equipment Gross and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Pets at Home are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant And Equipment Gross i.e., Pets At's Property Plant And Equipment Gross and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Property Plant And Equipment Gross

Total Current Liabilities

Total Current Liabilities is an item on Pets At balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Pets at Home 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.
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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