Progressive Long Term Debt vs Retained Earnings Analysis

PGR Stock

USD 263.44 6.42 2.50%

Progressive Corp financial indicator trend analysis is much more than just breaking down Progressive Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progressive Corp is a good investment. Please check the relationship between Progressive Corp Long Term Debt and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Progressive Corp Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Progressive Corp's Long Term Debt and Retained Earnings is 0.98. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Progressive Corp, assuming nothing else is changed. The correlation between historical values of Progressive Corp's Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Progressive Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Progressive Corp's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Progressive Corp has held for over one year. Long-term debt appears on Progressive Corp 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 Progressive Corp 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Progressive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progressive Corp 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 Progressive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.At this time, Progressive Corp's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Tax Provision is likely to grow to about 794.6 M, while Sales General And Administrative To Revenue is likely to drop 0.

	2021	2022	2023	2024 (projected)
Total Revenue	47.7B	49.6B	62.1B	65.2B
Interest Expense	218.6M	243.5M	268.4M	281.8M

Total Revenue Interest Expense

Progressive Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Total Current Assets	Cash	Cash And Short Term Investments	Short Term Investments	Common Stock	Other Current Liab	Total Current Liabilities	Common Stock Total Equity	Property Plant And Equipment Gross	Other Liab	Accounts Payable	Long Term Debt
Total Assets		0.93	0.99	0.98	0.99	-0.51	0.95	0.94	1.0	0.47	0.33	0.25	0.26	0.98	0.62	0.1	0.38	0.38	0.31	-0.6	0.54	0.37	0.55	-0.4	0.96	0.98
Short Long Term Debt Total	0.93		0.94	0.87	0.93	-0.48	0.89	0.86	0.93	0.48	0.49	0.26	0.01	0.92	0.75	0.17	0.53	0.53	0.32	-0.64	0.49	0.35	0.52	-0.37	0.91	0.88
Total Stockholder Equity	0.99	0.94		0.96	0.99	-0.52	0.94	0.94	0.99	0.48	0.34	0.25	0.21	0.97	0.68	0.09	0.43	0.43	0.33	-0.6	0.51	0.39	0.55	-0.36	0.95	0.97
Net Debt	0.98	0.87	0.96		0.97	-0.51	0.91	0.94	0.98	0.48	0.29	0.22	0.35	0.96	0.51	0.1	0.27	0.27	0.33	-0.57	0.58	0.39	0.55	-0.38	0.93	1.0
Retained Earnings	0.99	0.93	0.99	0.97		-0.41	0.97	0.9	0.99	0.37	0.29	0.23	0.28	0.99	0.62	0.04	0.31	0.31	0.22	-0.65	0.46	0.29	0.46	-0.38	0.95	0.98
Common Stock Shares Outstanding	-0.51	-0.48	-0.52	-0.51	-0.41		-0.28	-0.76	-0.51	-0.97	-0.48	-0.02	0.08	-0.4	-0.34	-0.54	-0.53	-0.52	-0.94	-0.01	-0.76	-0.94	-0.96	0.19	-0.44	-0.46
Non Current Liabilities Total	0.95	0.89	0.94	0.91	0.97	-0.28		0.81	0.94	0.26	0.25	0.16	0.22	0.98	0.67	0.01	0.25	0.25	0.11	-0.68	0.29	0.17	0.34	-0.28	0.91	0.93
Other Stockholder Equity	0.94	0.86	0.94	0.94	0.9	-0.76	0.81		0.94	0.7	0.38	0.15	0.23	0.89	0.55	0.28	0.41	0.41	0.59	-0.42	0.67	0.63	0.75	-0.38	0.87	0.92
Total Liab	1.0	0.93	0.99	0.98	0.99	-0.51	0.94	0.94		0.47	0.32	0.25	0.28	0.98	0.6	0.11	0.36	0.36	0.31	-0.6	0.55	0.37	0.55	-0.41	0.96	0.98
Property Plant And Equipment Net	0.47	0.48	0.48	0.48	0.37	-0.97	0.26	0.7	0.47		0.61	0.05	-0.23	0.37	0.39	0.62	0.59	0.58	0.93	-0.05	0.77	0.91	0.97	-0.15	0.45	0.44
Non Current Assets Total	0.33	0.49	0.34	0.29	0.29	-0.48	0.25	0.38	0.32	0.61		0.34	-0.7	0.32	0.55	0.42	0.77	0.77	0.38	-0.42	0.44	0.32	0.5	-0.13	0.42	0.31
Non Currrent Assets Other	0.25	0.26	0.25	0.22	0.23	-0.02	0.16	0.15	0.25	0.05	0.34		-0.03	0.19	0.1	-0.01	0.46	0.46	-0.22	-0.25	0.29	-0.2	0.09	-0.32	0.33	0.25
Other Assets	0.26	0.01	0.21	0.35	0.28	0.08	0.22	0.23	0.28	-0.23	-0.7	-0.03		0.24	-0.47	-0.25	-0.62	-0.62	-0.15	0.13	0.16	-0.06	-0.09	-0.34	0.14	0.32
Net Receivables	0.98	0.92	0.97	0.96	0.99	-0.4	0.98	0.89	0.98	0.37	0.32	0.19	0.24		0.64	0.08	0.3	0.3	0.21	-0.65	0.43	0.27	0.44	-0.36	0.94	0.97
Total Current Assets	0.62	0.75	0.68	0.51	0.62	-0.34	0.67	0.55	0.6	0.39	0.55	0.1	-0.47	0.64		0.09	0.73	0.73	0.28	-0.6	0.1	0.28	0.39	0.08	0.67	0.53
Cash	0.1	0.17	0.09	0.1	0.04	-0.54	0.01	0.28	0.11	0.62	0.42	-0.01	-0.25	0.08	0.09		0.22	0.21	0.54	0.33	0.32	0.49	0.55	0.13	0.07	0.08
Cash And Short Term Investments	0.38	0.53	0.43	0.27	0.31	-0.53	0.25	0.41	0.36	0.59	0.77	0.46	-0.62	0.3	0.73	0.22		1.0	0.4	-0.38	0.4	0.37	0.54	-0.08	0.47	0.28
Short Term Investments	0.38	0.53	0.43	0.27	0.31	-0.52	0.25	0.41	0.36	0.58	0.77	0.46	-0.62	0.3	0.73	0.21	1.0		0.4	-0.39	0.39	0.36	0.54	-0.08	0.47	0.28
Common Stock	0.31	0.32	0.33	0.33	0.22	-0.94	0.11	0.59	0.31	0.93	0.38	-0.22	-0.15	0.21	0.28	0.54	0.4	0.4		0.13	0.64	0.99	0.9	0.01	0.25	0.28
Other Current Liab	-0.6	-0.64	-0.6	-0.57	-0.65	-0.01	-0.68	-0.42	-0.6	-0.05	-0.42	-0.25	0.13	-0.65	-0.6	0.33	-0.38	-0.39	0.13		-0.16	0.1	-0.08	0.12	-0.76	-0.62
Total Current Liabilities	0.54	0.49	0.51	0.58	0.46	-0.76	0.29	0.67	0.55	0.77	0.44	0.29	0.16	0.43	0.1	0.32	0.4	0.39	0.64	-0.16		0.69	0.82	-0.49	0.51	0.55
Common Stock Total Equity	0.37	0.35	0.39	0.39	0.29	-0.94	0.17	0.63	0.37	0.91	0.32	-0.2	-0.06	0.27	0.28	0.49	0.37	0.36	0.99	0.1	0.69		0.92	-0.02	0.3	0.33
Property Plant And Equipment Gross	0.55	0.52	0.55	0.55	0.46	-0.96	0.34	0.75	0.55	0.97	0.5	0.09	-0.09	0.44	0.39	0.55	0.54	0.54	0.9	-0.08	0.82	0.92		-0.19	0.52	0.52
Other Liab	-0.4	-0.37	-0.36	-0.38	-0.38	0.19	-0.28	-0.38	-0.41	-0.15	-0.13	-0.32	-0.34	-0.36	0.08	0.13	-0.08	-0.08	0.01	0.12	-0.49	-0.02	-0.19		-0.35	-0.38
Accounts Payable	0.96	0.91	0.95	0.93	0.95	-0.44	0.91	0.87	0.96	0.45	0.42	0.33	0.14	0.94	0.67	0.07	0.47	0.47	0.25	-0.76	0.51	0.3	0.52	-0.35		0.94
Long Term Debt	0.98	0.88	0.97	1.0	0.98	-0.46	0.93	0.92	0.98	0.44	0.31	0.25	0.32	0.97	0.53	0.08	0.28	0.28	0.28	-0.62	0.55	0.33	0.52	-0.38	0.94

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Progressive Corp Account Relationship Matchups

Progressive Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	54.9B	64.1B	71.1B	70.2B	84.3B	88.5B
Short Long Term Debt Total	4.9B	5.9B	9.8B	6.5B	6.9B	7.2B
Total Stockholder Equity	13.7B	17.0B	18.2B	15.9B	20.3B	21.3B
Net Debt	4.2B	5.3B	4.7B	6.3B	7.0B	7.3B
Retained Earnings	10.7B	13.4B	15.3B	15.7B	18.8B	19.7B
Common Stock Shares Outstanding	586.7M	587.2M	587.6M	587.1M	587.5M	620.5M
Liabilities And Stockholders Equity	54.9B	64.1B	71.1B	70.2B	84.3B	88.5B
Non Current Liabilities Total	21.6B	24.1B	27.4B	29.8B	34.4B	36.2B
Other Stockholder Equity	1.6B	1.7B	1.8B	1.9B	2.0B	2.1B
Total Liab	41.2B	47.1B	52.9B	54.3B	64.0B	67.3B
Property Plant And Equipment Net	1.2B	1.1B	1.1B	1.2B	1.1B	780.9M
Non Current Assets Total	41.1B	49.3B	53.2B	50.6B	65.6M	62.3M
Non Currrent Assets Other	(70.3M)	(86.9M)	(65.1)	(6.7B)	(1.2B)	(1.3B)
Other Assets	(32.0B)	(39.4B)	(41.3B)	1.0	60.4B	63.4B
Net Receivables	10.9B	12.2B	14.4B	16.2B	17.1B	17.9B
Total Current Assets	45.8B	54.2B	59.2B	19.7B	23.9B	25.0B
Cash	226.2M	76.5M	187.1M	220.9M	99.6M	92.9M
Cash And Short Term Investments	35.1B	42.1B	45.0B	9.0B	11.5B	10.3B
Short Term Investments	34.9B	42.0B	44.8B	8.7B	11.4B	10.2B
Accumulated Other Comprehensive Income	341.7M	931.7M	40.7M	(2.8B)	(1.6B)	(1.5B)
Common Stock	584.6M	585.2M	584.4M	584.9M	585.3M	446.3M
Other Current Liab	(6.5B)	(5.0B)	(6.0B)	(5.5B)	(311.8M)	(296.2M)
Total Current Liabilities	16.3B	19.6B	21.2B	24.5B	29.6B	15.1B
Common Stock Total Equity	583.2M	584.6M	585.2M	584.4M	672.1M	445.3M
Property Plant And Equipment Gross	1.1B	1.1B	1.2B	1.1B	1.3B	834.7M
Other Liab	5.9M	9.5B	8.0B	297.8M	268.0M	254.6M
Accounts Payable	6.0B	5.0B	6.0B	5.5B	6.4B	6.7B
Long Term Debt	4.4B	5.4B	4.9B	6.4B	6.9B	7.2B
Property Plant Equipment	1.2B	1.1B	1.3B	1.2B	1.3B	1.0B
Retained Earnings Total Equity	8.4B	10.7B	13.4B	15.3B	17.6B	18.5B
Inventory	(9.9B)	(19.5B)	(16.4B)	(25.2B)	(79.3B)	(75.3B)
Intangible Assets	228.3M	171.4M	117.3M	314.2M	1.7B	1.8B
Net Tangible Assets	12.7B	15.9B	17.7B	15.1B	17.3B	10.6B
Long Term Debt Total	4.4B	5.4B	4.9B	6.4B	7.3B	3.8B
Capital Surpluse	1.6B	1.7B	1.8B	1.9B	2.2B	1.5B
Long Term Investments	39.4B	47.7B	51.5B	53.5B	66.0B	69.3B
Non Current Liabilities Other	26.1B	30.5B	34.0B	41.9B	48.2B	50.6B
Other Current Assets	9.7B	19.4B	16.3B	295.5M	249.8M	262.3M

Pair Trading with Progressive Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Progressive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Progressive Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Progressive Stock

0.68

AFG

American Financial

Pair Corr

The ability to find closely correlated positions to Progressive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progressive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Progressive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Progressive Corp to buy it.

The correlation of Progressive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Progressive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progressive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Progressive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Progressive Stock Analysis

When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.

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