Progressive Long Term Debt vs Short Long Term Debt Total Analysis

PGR Stock  USD 212.53  0.66  0.31%   
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 Short Long Term Debt Total 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 Short Long Term Debt Total

Long Term Debt vs Short Long Term Debt Total 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 Short Long Term Debt Total. At this time, the significance of the direction appears to have totally related.
The correlation between Progressive Corp's Long Term Debt and Short Long Term Debt Total is 1.0. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long Term Debt Total 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 Short Long Term Debt Total 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 Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Long Term Debt i.e., Progressive Corp's Long Term Debt and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Short Long Term Debt Total

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 06/09/2024, 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 Revenue47.7B49.6B62.1B65.2B
Interest Expense218.6M243.5M268.4M281.8M

Progressive Corp fundamental ratios Correlations

0.980.990.980.99-0.510.950.941.00.470.98-0.12-0.390.980.620.10.860.380.310.140.540.370.55-0.40.960.98
0.980.971.00.97-0.510.920.940.990.480.96-0.15-0.270.960.520.110.790.280.330.20.580.380.55-0.370.931.0
0.990.970.960.99-0.520.940.940.990.480.97-0.11-0.460.970.680.090.870.430.330.10.510.390.55-0.360.950.97
0.981.00.960.97-0.510.910.940.980.480.96-0.16-0.260.960.510.10.80.270.330.220.580.390.55-0.380.931.0
0.990.970.990.97-0.410.970.90.990.370.97-0.16-0.390.990.620.040.840.310.220.150.460.290.46-0.380.950.98
-0.51-0.51-0.52-0.51-0.41-0.28-0.76-0.51-0.97-0.490.00.2-0.4-0.34-0.54-0.39-0.52-0.94-0.1-0.76-0.94-0.960.19-0.44-0.46
0.950.920.940.910.97-0.280.810.940.260.91-0.2-0.470.980.670.010.780.250.110.120.290.170.34-0.280.910.93
0.940.940.940.940.9-0.760.810.940.70.91-0.15-0.30.890.550.280.780.410.590.210.670.630.75-0.380.870.92
1.00.990.990.980.99-0.510.940.940.470.98-0.12-0.360.980.60.110.850.360.310.160.550.370.55-0.410.960.98
0.470.480.480.480.37-0.970.260.70.470.470.09-0.280.370.390.620.30.580.93-0.040.770.910.97-0.150.450.44
0.980.960.970.960.97-0.490.910.910.980.470.08-0.40.950.60.110.850.450.260.070.580.320.54-0.440.960.97
-0.12-0.15-0.11-0.16-0.160.0-0.2-0.15-0.120.090.08-0.26-0.170.040.14-0.030.56-0.15-0.530.18-0.190.05-0.130.01-0.13
-0.39-0.27-0.46-0.26-0.390.2-0.47-0.3-0.36-0.28-0.4-0.26-0.41-0.94-0.08-0.38-0.76-0.150.60.07-0.13-0.25-0.2-0.46-0.29
0.980.960.970.960.99-0.40.980.890.980.370.95-0.17-0.410.640.080.790.30.210.140.430.270.44-0.360.940.97
0.620.520.680.510.62-0.340.670.550.60.390.60.04-0.940.640.090.570.730.28-0.450.10.280.390.080.670.53
0.10.110.090.10.04-0.540.010.280.110.620.110.14-0.080.080.09-0.110.210.540.190.320.490.550.130.070.08
0.860.790.870.80.84-0.390.780.780.850.30.85-0.03-0.380.790.57-0.110.440.180.110.410.260.43-0.340.820.8
0.380.280.430.270.31-0.520.250.410.360.580.450.56-0.760.30.730.210.440.4-0.640.390.360.54-0.080.470.28
0.310.330.330.330.22-0.940.110.590.310.930.26-0.15-0.150.210.280.540.180.40.070.640.990.90.010.250.28
0.140.20.10.220.15-0.10.120.210.16-0.040.07-0.530.60.14-0.450.190.11-0.640.070.090.130.05-0.25-0.090.18
0.540.580.510.580.46-0.760.290.670.550.770.580.180.070.430.10.320.410.390.640.090.690.82-0.490.510.55
0.370.380.390.390.29-0.940.170.630.370.910.32-0.19-0.130.270.280.490.260.360.990.130.690.92-0.020.30.33
0.550.550.550.550.46-0.960.340.750.550.970.540.05-0.250.440.390.550.430.540.90.050.820.92-0.190.520.52
-0.4-0.37-0.36-0.38-0.380.19-0.28-0.38-0.41-0.15-0.44-0.13-0.2-0.360.080.13-0.34-0.080.01-0.25-0.49-0.02-0.19-0.35-0.38
0.960.930.950.930.95-0.440.910.870.960.450.960.01-0.460.940.670.070.820.470.25-0.090.510.30.52-0.350.94
0.981.00.971.00.98-0.460.930.920.980.440.97-0.13-0.290.970.530.080.80.280.280.180.550.330.52-0.380.94
Click cells to compare fundamentals

Progressive Corp Account Relationship Matchups

Progressive Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets54.9B64.1B71.1B70.2B84.3B88.5B
Short Long Term Debt Total4.4B5.4B4.9B6.5B7.1B7.4B
Total Stockholder Equity13.7B17.0B18.2B15.9B20.3B21.3B
Net Debt4.2B5.3B4.7B6.3B7.0B7.3B
Retained Earnings10.7B13.4B15.3B15.7B18.8B19.7B
Common Stock Shares Outstanding586.7M587.2M587.6M587.1M587.5M620.5M
Liabilities And Stockholders Equity54.9B64.1B71.1B70.2B84.3B88.5B
Non Current Liabilities Total21.6B24.1B27.4B29.8B34.4B36.2B
Other Stockholder Equity1.6B1.7B1.8B1.9B2.0B2.1B
Total Liab41.2B47.1B52.9B54.3B64.0B67.3B
Property Plant And Equipment Net1.2B1.1B1.1B1.2B1.1B780.9M
Non Current Assets Total41.1B49.3B53.2B50.6B60.5B63.5B
Non Currrent Assets Other(70.3M)(86.9M)(65.1)(6.7B)(8.7B)(9.2B)
Other Assets(32.0B)(39.4B)(41.3B)1.00.90.95
Net Receivables10.9B12.2B14.4B16.2B17.1B17.9B
Total Current Assets45.8B54.2B59.2B19.7B23.9B25.0B
Cash226.2M76.5M187.1M220.9M99.6M92.9M
Cash And Short Term Investments35.1B42.1B45.0B9.0B62.3B65.4B
Short Term Investments34.9B42.0B44.8B8.7B11.4B10.2B
Accumulated Other Comprehensive Income341.7M931.7M40.7M(2.8B)(1.6B)(1.5B)
Common Stock584.6M585.2M584.4M584.9M585.3M446.3M
Other Current Liab(6.5B)(5.0B)(6.0B)19.0B29.6B31.1B
Total Current Liabilities16.3B19.6B21.2B24.5B29.6B15.1B
Common Stock Total Equity583.2M584.6M585.2M584.4M672.1M445.3M
Property Plant And Equipment Gross1.1B1.1B1.2B1.1B1.3B834.7M
Other Liab5.9M9.5B8.0B297.8M268.0M254.6M
Accounts Payable6.0B5.0B6.0B5.5B6.4B6.7B
Long Term Debt4.4B5.4B4.9B6.4B6.9B7.2B
Property Plant Equipment1.2B1.1B1.3B1.2B1.3B1.0B
Retained Earnings Total Equity8.4B10.7B13.4B15.3B17.6B18.5B
Inventory(9.9B)(19.5B)(16.4B)(25.2B)(79.3B)(75.3B)
Intangible Assets228.3M171.4M117.3M314.2M1.7B1.8B
Net Tangible Assets12.7B15.9B17.7B15.1B17.3B10.6B
Long Term Debt Total4.4B5.4B4.9B6.4B7.3B3.8B
Capital Surpluse1.6B1.7B1.8B1.9B2.2B1.5B
Long Term Investments39.4B47.7B51.5B53.5B66.0B69.3B
Non Current Liabilities Other26.1B30.5B34.0B41.9B48.2B50.6B
Other Current Assets9.7B19.4B16.3B19.7B23.9B25.0B

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Additional Tools for Progressive Stock Analysis

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