PetIQ Intangible Assets vs Net Debt Analysis
PETQ Stock | USD 19.97 0.16 0.81% |
PetIQ financial indicator trend analysis is much more than just breaking down PetIQ Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PetIQ Inc is a good investment. Please check the relationship between PetIQ Intangible Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PetIQ Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Intangible Assets vs Net Debt
Intangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetIQ Inc Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between PetIQ's Intangible Assets and Net Debt is 0.96. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of PetIQ Inc, assuming nothing else is changed. The correlation between historical values of PetIQ's Intangible Assets and Net 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 Intangible Assets of PetIQ Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Intangible Assets i.e., PetIQ's Intangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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.Most indicators from PetIQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PetIQ Inc 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 PetIQ Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. As of 05/21/2024, Selling General Administrative is likely to drop to about 102 M. In addition to that, Tax Provision is likely to drop to about 1.7 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 186.4M | 209.7M | 252.7M | 265.4M | Total Revenue | 932.5M | 921.5M | 1.1B | 638.9M |
PetIQ fundamental ratios Correlations
Click cells to compare fundamentals
PetIQ Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PetIQ fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 672.7M | 771.6M | 819.6M | 818.9M | 868.2M | 531.5M | |
Other Current Liab | 13.0M | 20.3M | 28.2M | 21.1M | 34.1M | 35.8M | |
Total Current Liabilities | 73.0M | 101.1M | 98.1M | 149.5M | 189.5M | 199.0M | |
Total Stockholder Equity | 283.1M | 262.4M | 252.8M | 209.9M | 221.2M | 181.2M | |
Other Liab | 117K | 1.4M | 459K | 1.0M | 922.5K | 991.5K | |
Net Tangible Assets | (67.9M) | (181.8M) | (168.9M) | (145.9M) | (131.3M) | (124.7M) | |
Accounts Payable | 51.5M | 68.1M | 55.1M | 113.0M | 139.3M | 146.2M | |
Cash | 27.3M | 33.5M | 79.4M | 101.3M | 116.4M | 122.2M | |
Other Assets | 63.0M | 22.0K | 2.0M | 1.4M | 1.6M | 1.5M | |
Long Term Debt | 251.4M | 356.0M | 448.5M | 443.3M | 437.8M | 234.6M | |
Net Receivables | 71.4M | 102.8M | 113.9M | 118.0M | 142.5M | 72.6M | |
Good Will | 231.0M | 231.2M | 231.1M | 183.3M | 199.4M | 134.4M | |
Inventory | 79.7M | 97.8M | 96.4M | 142.6M | 159.3M | 88.4M | |
Other Current Assets | 7.1M | 8.3M | 8.9M | 8.2M | 12.6M | 6.6M | |
Other Stockholder Equity | 300.1M | 356.4M | 368.0M | 374.9M | 383.5M | 233.0M | |
Total Liab | 344.4M | 477.6M | 564.4M | 607.1M | 645.2M | 325.4M | |
Short Long Term Debt | 3.8M | 7.8M | 8.4M | 8.8M | 8.6M | 4.6M | |
Total Current Assets | 185.4M | 242.3M | 298.7M | 370.1M | 430.8M | 220.5M | |
Short Term Debt | 8.4M | 12.7M | 14.9M | 15.3M | 16.2M | 17.0M | |
Intangible Assets | 120.0M | 213M | 190.7M | 172.5M | 159.7M | 106.0M | |
Property Plant Equipment | 73.3M | 63.1M | 97.1M | 73.4M | 84.4M | 47.5M | |
Short Long Term Debt Total | 279.7M | 387.8M | 480.7M | 471.9M | 468.3M | 278.5M | |
Property Plant And Equipment Net | 73.3M | 83.3M | 97.1M | 91.6M | 76.2M | 59.9M | |
Net Debt | 252.5M | 354.3M | 401.3M | 370.7M | 351.9M | 221.5M | |
Non Current Assets Total | 487.3M | 529.3M | 520.9M | 448.8M | 437.4M | 342.2M | |
Non Currrent Assets Other | 3.2M | 1.9M | 2.0M | 1.4M | 2.1M | 2.4M | |
Cash And Short Term Investments | 27.3M | 33.5M | 79.4M | 101.3M | 116.4M | 122.2M | |
Common Stock Shares Outstanding | 22.7M | 24.6M | 28.2M | 29.2M | 29.5M | 23.1M | |
Long Term Debt Total | 254.7M | 356.0M | 448.5M | 443.3M | 509.8M | 535.3M | |
Liabilities And Stockholders Equity | 672.7M | 771.6M | 819.6M | 818.9M | 868.2M | 571.2M | |
Non Current Liabilities Total | 271.4M | 376.5M | 466.3M | 457.6M | 455.7M | 271.1M | |
Property Plant And Equipment Gross | 73.3M | 83.3M | 97.1M | 91.6M | 130.6M | 66.5M | |
Accumulated Other Comprehensive Income | (1.1M) | (686K) | (684K) | (2.2M) | (1.7M) | (1.8M) | |
Capital Lease Obligations | 24.5M | 24.0M | 23.8M | 19.9M | 21.9M | 16.1M | |
Non Current Liabilities Other | 117K | 20.5M | 17.8M | 14.3M | 3.6M | 3.4M | |
Noncontrolling Interest In Consolidated Entity | 45.2M | 31.6M | 2.4M | 1.9M | 1.7M | 1.6M | |
Retained Earnings | (15.9M) | (93.4M) | (114.5M) | (162.7M) | (160.6M) | (152.6M) | |
Retained Earnings Total Equity | (15.9M) | (93.4M) | (114.5M) | (162.7M) | (146.5M) | (139.1M) |
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Is PetIQ's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PetIQ. If investors know PetIQ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PetIQ listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.478 | Earnings Share 0.23 | Revenue Per Share 38.387 | Quarterly Revenue Growth 0.062 | Return On Assets 0.0428 |
The market value of PetIQ Inc is measured differently than its book value, which is the value of PetIQ that is recorded on the company's balance sheet. Investors also form their own opinion of PetIQ's value that differs from its market value or its book value, called intrinsic value, which is PetIQ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PetIQ's market value can be influenced by many factors that don't directly affect PetIQ's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PetIQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if PetIQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PetIQ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.