Progress Net Debt vs Cash And Short Term Investments Analysis

PRGS Stock

USD 68.73 1.62 2.41%

Progress Software financial indicator trend analysis is much more than just breaking down Progress Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Progress Software is a good investment. Please check the relationship between Progress Software Net Debt 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 Progress Software. 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.

For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.

Net Debt vs Cash And Short Term Investments

Net Debt 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 Progress Software Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Progress Software's Net Debt and Cash And Short Term Investments is -0.47. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Progress Software, assuming nothing else is changed. The correlation between historical values of Progress Software's Net Debt 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 Net Debt of Progress Software 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 Net Debt i.e., Progress Software's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Progress Software balance sheet. This account contains Progress Software investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Progress Software 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 Progress Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Progress Software 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 Progress Software. 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.

For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.At this time, Progress Software's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 13.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 23.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	15.8M	30.8M	35.4M	37.2M
Depreciation And Amortization	81.7M	103.1M	118.6M	124.6M

Interest Expense Depreciation And Amortization

Progress Software fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Investments
Total Assets		0.96	-0.19	0.98	0.38	0.15	0.84	-0.04	0.11	0.98	0.22	0.07	0.99	-0.31	0.93	0.03	0.88	0.9	0.96	0.74	0.47	0.39	0.93	-0.43	-0.54	0.71
Short Long Term Debt Total	0.96		-0.34	0.92	0.15	-0.08	0.94	-0.24	-0.1	0.98	0.14	-0.16	0.98	-0.5	0.99	-0.06	0.85	0.97	0.99	0.61	0.26	0.31	0.97	-0.64	-0.33	0.78
Other Current Liab	-0.19	-0.34		-0.12	0.2	0.49	-0.33	0.28	0.08	-0.22	0.39	0.25	-0.19	0.28	-0.34	-0.22	-0.2	-0.41	-0.29	0.05	0.01	-0.08	-0.28	0.53	-0.48	-0.48
Total Current Liabilities	0.98	0.92	-0.12		0.39	0.18	0.8	-0.08	0.13	0.96	0.29	0.1	0.97	-0.26	0.9	0.11	0.86	0.86	0.94	0.7	0.49	0.35	0.9	-0.35	-0.62	0.64
Total Stockholder Equity	0.38	0.15	0.2	0.39		0.81	-0.16	0.77	0.81	0.21	0.22	0.8	0.3	0.62	0.04	0.37	0.45	0.04	0.12	0.64	0.91	0.67	0.08	0.49	-0.76	0.02
Property Plant And Equipment Net	0.15	-0.08	0.49	0.18	0.81		-0.32	0.73	0.68	0.0	0.35	0.72	0.1	0.69	-0.17	0.32	0.19	-0.09	-0.09	0.43	0.67	0.62	-0.1	0.49	-0.69	-0.3
Net Debt	0.84	0.94	-0.33	0.8	-0.16	-0.32		-0.51	-0.42	0.93	0.12	-0.47	0.87	-0.74	0.97	-0.24	0.66	0.94	0.95	0.41	-0.06	0.02	0.96	-0.79	-0.13	0.72
Retained Earnings	-0.04	-0.24	0.28	-0.08	0.77	0.73	-0.51		0.73	-0.19	-0.1	0.77	-0.1	0.79	-0.36	0.24	0.11	-0.33	-0.3	0.52	0.61	0.6	-0.29	0.62	-0.34	-0.14
Cash	0.11	-0.1	0.08	0.13	0.81	0.68	-0.42	0.73		-0.09	0.13	0.97	0.02	0.76	-0.2	0.53	0.22	-0.2	-0.12	0.32	0.91	0.53	-0.24	0.61	-0.54	-0.06
Non Current Assets Total	0.98	0.98	-0.22	0.96	0.21	0.0	0.93	-0.19	-0.09		0.2	-0.13	0.99	-0.47	0.98	-0.08	0.83	0.94	0.99	0.66	0.28	0.27	0.98	-0.57	-0.43	0.73
Non Currrent Assets Other	0.22	0.14	0.39	0.29	0.22	0.35	0.12	-0.1	0.13	0.2		0.11	0.21	0.04	0.16	0.28	0.05	0.12	0.19	-0.03	0.21	0.03	0.14	0.13	-0.45	-0.24
Cash And Short Term Investments	0.07	-0.16	0.25	0.1	0.8	0.72	-0.47	0.77	0.97	-0.13	0.11		-0.02	0.79	-0.25	0.43	0.18	-0.27	-0.17	0.35	0.86	0.48	-0.28	0.69	-0.6	-0.11
Net Receivables	0.99	0.98	-0.19	0.97	0.3	0.1	0.87	-0.1	0.02	0.99	0.21	-0.02		-0.37	0.95	-0.01	0.88	0.93	0.97	0.72	0.39	0.4	0.95	-0.5	-0.49	0.72
Common Stock Shares Outstanding	-0.31	-0.5	0.28	-0.26	0.62	0.69	-0.74	0.79	0.76	-0.47	0.04	0.79	-0.37		-0.6	0.61	-0.13	-0.56	-0.53	0.13	0.57	0.49	-0.58	0.84	-0.29	-0.41
Non Current Liabilities Total	0.93	0.99	-0.34	0.9	0.04	-0.17	0.97	-0.36	-0.2	0.98	0.16	-0.25	0.95	-0.6		-0.13	0.77	0.96	0.99	0.52	0.16	0.16	0.98	-0.69	-0.28	0.77
Inventory	0.03	-0.06	-0.22	0.11	0.37	0.32	-0.24	0.24	0.53	-0.08	0.28	0.43	-0.01	0.61	-0.13		0.08	-0.08	-0.07	0.06	0.5	0.43	-0.16	0.45	-0.14	-0.15
Other Current Assets	0.88	0.85	-0.2	0.86	0.45	0.19	0.66	0.11	0.22	0.83	0.05	0.18	0.88	-0.13	0.77	0.08		0.77	0.81	0.72	0.54	0.65	0.76	-0.32	-0.54	0.57
Other Stockholder Equity	0.9	0.97	-0.41	0.86	0.04	-0.09	0.94	-0.33	-0.2	0.94	0.12	-0.27	0.93	-0.56	0.96	-0.08	0.77		0.96	0.48	0.16	0.28	0.96	-0.76	-0.24	0.7
Total Liab	0.96	0.99	-0.29	0.94	0.12	-0.09	0.95	-0.3	-0.12	0.99	0.19	-0.17	0.97	-0.53	0.99	-0.07	0.81	0.96		0.58	0.24	0.21	0.98	-0.62	-0.37	0.75
Property Plant And Equipment Gross	0.74	0.61	0.05	0.7	0.64	0.43	0.41	0.52	0.32	0.66	-0.03	0.35	0.72	0.13	0.52	0.06	0.72	0.48	0.58		0.56	0.58	0.6	0.02	-0.53	0.54
Total Current Assets	0.47	0.26	0.01	0.49	0.91	0.67	-0.06	0.61	0.91	0.28	0.21	0.86	0.39	0.57	0.16	0.5	0.54	0.16	0.24	0.56		0.64	0.13	0.41	-0.74	0.17
Short Term Debt	0.39	0.31	-0.08	0.35	0.67	0.62	0.02	0.6	0.53	0.27	0.03	0.48	0.4	0.49	0.16	0.43	0.65	0.28	0.21	0.58	0.64		0.18	0.11	-0.39	0.1
Intangible Assets	0.93	0.97	-0.28	0.9	0.08	-0.1	0.96	-0.29	-0.24	0.98	0.14	-0.28	0.95	-0.58	0.98	-0.16	0.76	0.96	0.98	0.6	0.13	0.18		-0.67	-0.3	0.71
Accounts Payable	-0.43	-0.64	0.53	-0.35	0.49	0.49	-0.79	0.62	0.61	-0.57	0.13	0.69	-0.5	0.84	-0.69	0.45	-0.32	-0.76	-0.62	0.02	0.41	0.11	-0.67		-0.31	-0.53
Common Stock Total Equity	-0.54	-0.33	-0.48	-0.62	-0.76	-0.69	-0.13	-0.34	-0.54	-0.43	-0.45	-0.6	-0.49	-0.29	-0.28	-0.14	-0.54	-0.24	-0.37	-0.53	-0.74	-0.39	-0.3	-0.31		-0.04
Short Term Investments	0.71	0.78	-0.48	0.64	0.02	-0.3	0.72	-0.14	-0.06	0.73	-0.24	-0.11	0.72	-0.41	0.77	-0.15	0.57	0.7	0.75	0.54	0.17	0.1	0.71	-0.53	-0.04

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Progress Software Account Relationship Matchups

Progress Software fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.4B	1.4B	1.6B	1.8B	1.9B
Short Long Term Debt Total	416.5M	591.4M	640.6M	747.1M	859.2M	902.1M
Other Current Liab	52.0M	19.5M	17.4M	20.8M	23.9M	46.6M
Total Current Liabilities	262.5M	322.9M	318.0M	352.1M	404.9M	425.2M
Total Stockholder Equity	346.0M	412.5M	394.0M	459.7M	528.7M	339.4M
Property Plant And Equipment Net	60.5M	39.6M	32.5M	33.9M	39.0M	41.5M
Net Debt	318.5M	435.9M	384.3M	620.1M	713.2M	748.8M
Retained Earnings	39.8M	57.8M	61.9M	120.9M	139.0M	164.3M
Cash	98.0M	155.4M	256.3M	127.0M	146.0M	127.8M
Non Current Assets Total	802.8M	1.0B	985.4M	1.3B	1.5B	1.5B
Non Currrent Assets Other	20.8M	10.3M	8.4M	8.3M	9.5M	8.1M
Cash And Short Term Investments	106.0M	157.4M	251.8M	127.0M	146.0M	175.5M
Net Receivables	109.0M	125.6M	127.0M	155.8M	179.2M	188.1M
Common Stock Shares Outstanding	45.3M	44.6M	44.2M	44.7M	40.2M	44.4M
Liabilities And Stockholders Equity	1.0B	1.4B	1.4B	1.6B	1.8B	1.9B
Non Current Liabilities Total	433.2M	628.1M	695.0M	791.0M	909.6M	955.1M
Other Current Assets	24.0M	54.8M	42.8M	48.0M	55.2M	60.7M
Other Stockholder Equity	305.8M	354.2M	331.7M	370.6M	426.2M	447.5M
Total Liab	695.8M	951.0M	1.0B	1.1B	1.3B	1.4B
Property Plant And Equipment Gross	29.8M	39.6M	32.5M	79.1M	91.0M	95.5M
Total Current Assets	238.9M	337.8M	421.5M	330.8M	380.4M	288.8M
Accumulated Other Comprehensive Income	(32.8M)	(32.4M)	(35.2M)	(32.2M)	(28.9M)	(30.4M)
Short Term Debt	32.3M	41.6M	21.2M	33.3M	38.3M	40.3M
Intangible Assets	212.7M	287.2M	217.4M	354.3M	407.4M	427.8M
Accounts Payable	10.0M	9.7M	9.3M	12.4M	14.2M	13.5M
Common Stock Total Equity	450K	442K	441K	433K	389.7K	370.2K
Short Term Investments	19.4M	8.0M	2.0M	256.3M	230.6M	242.2M
Common Stock	306.2M	354.7M	332.1M	438K	503.7K	478.5K
Other Assets	34.6M	68.6M	27.8M	60.1M	69.1M	72.6M
Property Plant Equipment	29.8M	29.8M	39.6M	14.9M	13.4M	12.8M
Current Deferred Revenue	166.4M	205.0M	227.7M	236.1M	271.5M	145.3M
Good Will	491.7M	671.2M	671.0M	832.1M	956.9M	1.0B
Other Liab	24.0M	42M	70.5M	68.1M	78.3M	82.2M
Long Term Debt	364.3M	534.5M	611.8M	710.9M	817.5M	858.4M
Net Tangible Assets	(201.9M)	187.1M	(545.8M)	251.0M	225.9M	237.2M
Long Term Debt Total	284.0M	364.3M	534.5M	611.8M	703.6M	738.8M

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