PGNY Stock | | | USD 15.44 0.47 3.14% |
Progyny financial indicator trend analysis is much more than just breaking down Progyny prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progyny is a good investment. Please check the relationship between Progyny Non Current Assets Total and its Long Term Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progyny. 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.
For more information on how to buy Progyny Stock please use our
How to Invest in Progyny guide.
Non Current Assets Total vs Long Term Debt
Non Current Assets Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Progyny Non Current Assets Total account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Progyny's Non Current Assets Total and Long Term Debt is -0.43. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Progyny, assuming nothing else is changed. The correlation between historical values of Progyny's Non Current Assets Total and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Progyny are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Progyny's Non Current Assets Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.43 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Long Term Debt
Long-term debt is a debt that Progyny has held for over one year. Long-term debt appears on Progyny balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Progyny balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Progyny's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progyny 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 Progyny. 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.
For more information on how to buy Progyny Stock please use our
How to Invest in Progyny guide.At this time, Progyny's
Tax Provision is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 59
M in 2024.
Progyny fundamental ratios Correlations
Click cells to compare fundamentals
Progyny Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progyny fundamental ratios Accounts
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Additional Tools for Progyny Stock Analysis
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