PetIQ Non Current Assets Total vs Short Long Term Debt Analysis

PETQ Stock

USD 22.00 0.65 3.04%

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 Non Current Assets Total and its Short Long Term 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 closely tied with the direction of predictive economic indicators such as signals in estimate.

Non Current Assets Total vs Short Long Term Debt

Non Current Assets Total vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetIQ Inc Non Current Assets Total account and Short Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between PetIQ's Non Current Assets Total and Short Long Term Debt is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Long Term 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 Non Current Assets Total and Short 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 PetIQ Inc are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Non Current Assets Total i.e., PetIQ's Non Current Assets Total and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

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 closely tied with the direction of predictive economic indicators such as signals in estimate.

As of 06/06/2024, 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

Gross Profit Total Revenue

PetIQ fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total
Total Assets		0.87	0.85	0.93	-0.73	-0.91	0.83	0.8	0.21	0.97	0.97	0.98	0.94	0.73	1.0	0.98	0.95	0.95	0.91	0.98	-0.86	0.96	0.97	0.97	0.95	0.98
Other Current Liab	0.87		0.96	0.74	-0.63	-0.9	0.93	0.91	-0.06	0.88	0.9	0.82	0.86	0.7	0.85	0.89	0.87	0.88	0.97	0.84	-0.77	0.86	0.89	0.86	0.87	0.84
Total Current Liabilities	0.85	0.96		0.73	-0.61	-0.84	0.99	0.95	0.0	0.85	0.88	0.78	0.9	0.67	0.84	0.87	0.85	0.9	0.95	0.8	-0.77	0.79	0.86	0.81	0.82	0.8
Total Stockholder Equity	0.93	0.74	0.73		-0.75	-0.77	0.7	0.69	0.48	0.83	0.83	0.96	0.82	0.62	0.95	0.83	0.78	0.81	0.76	0.91	-0.87	0.86	0.83	0.86	0.81	0.96
Other Liab	-0.73	-0.63	-0.61	-0.75		0.53	-0.6	-0.68	-0.49	-0.63	-0.65	-0.72	-0.7	-0.18	-0.76	-0.63	-0.62	-0.69	-0.61	-0.64	0.93	-0.67	-0.61	-0.65	-0.56	-0.71
Net Tangible Assets	-0.91	-0.9	-0.84	-0.77	0.53		-0.79	-0.72	0.1	-0.95	-0.93	-0.9	-0.81	-0.74	-0.88	-0.94	-0.95	-0.84	-0.96	-0.95	0.7	-0.92	-0.96	-0.96	-0.98	-0.91
Accounts Payable	0.83	0.93	0.99	0.7	-0.6	-0.79		0.95	0.02	0.81	0.85	0.74	0.9	0.64	0.82	0.84	0.81	0.88	0.92	0.76	-0.76	0.74	0.82	0.77	0.77	0.77
Cash	0.8	0.91	0.95	0.69	-0.68	-0.72	0.95		0.01	0.79	0.82	0.69	0.88	0.58	0.81	0.81	0.77	0.89	0.87	0.72	-0.81	0.73	0.79	0.73	0.71	0.72
Other Assets	0.21	-0.06	0.0	0.48	-0.49	0.1	0.02	0.01		0.02	0.02	0.32	0.13	-0.11	0.26	0.03	-0.05	0.07	-0.06	0.11	-0.35	0.15	0.01	0.1	-0.01	0.28
Long Term Debt	0.97	0.88	0.85	0.83	-0.63	-0.95	0.81	0.79	0.02		0.99	0.93	0.92	0.77	0.95	1.0	0.98	0.95	0.94	0.96	-0.77	0.97	1.0	0.98	0.99	0.94
Net Receivables	0.97	0.9	0.88	0.83	-0.65	-0.93	0.85	0.82	0.02	0.99		0.92	0.95	0.79	0.95	1.0	0.98	0.97	0.94	0.95	-0.79	0.95	0.99	0.95	0.96	0.93
Good Will	0.98	0.82	0.78	0.96	-0.72	-0.9	0.74	0.69	0.32	0.93	0.92		0.86	0.7	0.97	0.92	0.9	0.86	0.87	0.97	-0.83	0.95	0.93	0.96	0.93	1.0
Inventory	0.94	0.86	0.9	0.82	-0.7	-0.81	0.9	0.88	0.13	0.92	0.95	0.86		0.69	0.94	0.95	0.92	0.99	0.88	0.88	-0.83	0.86	0.91	0.86	0.86	0.87
Other Current Assets	0.73	0.7	0.67	0.62	-0.18	-0.74	0.64	0.58	-0.11	0.77	0.79	0.7	0.69		0.7	0.78	0.72	0.73	0.72	0.72	-0.43	0.77	0.79	0.73	0.79	0.7
Other Stockholder Equity	1.0	0.85	0.84	0.95	-0.76	-0.88	0.82	0.81	0.26	0.95	0.95	0.97	0.94	0.7		0.95	0.93	0.95	0.89	0.97	-0.9	0.94	0.94	0.95	0.92	0.98
Total Liab	0.98	0.89	0.87	0.83	-0.63	-0.94	0.84	0.81	0.03	1.0	1.0	0.92	0.95	0.78	0.95		0.98	0.97	0.94	0.96	-0.78	0.96	0.99	0.97	0.98	0.93
Short Long Term Debt	0.95	0.87	0.85	0.78	-0.62	-0.95	0.81	0.77	-0.05	0.98	0.98	0.9	0.92	0.72	0.93	0.98		0.94	0.94	0.96	-0.75	0.93	0.98	0.96	0.97	0.91
Total Current Assets	0.95	0.88	0.9	0.81	-0.69	-0.84	0.88	0.89	0.07	0.95	0.97	0.86	0.99	0.73	0.95	0.97	0.94		0.9	0.9	-0.83	0.9	0.94	0.89	0.89	0.87
Short Term Debt	0.91	0.97	0.95	0.76	-0.61	-0.96	0.92	0.87	-0.06	0.94	0.94	0.87	0.88	0.72	0.89	0.94	0.94	0.9		0.9	-0.76	0.9	0.95	0.93	0.94	0.89
Intangible Assets	0.98	0.84	0.8	0.91	-0.64	-0.95	0.76	0.72	0.11	0.96	0.95	0.97	0.88	0.72	0.97	0.96	0.96	0.9	0.9		-0.81	0.93	0.96	0.97	0.96	0.98
Common Stock	-0.86	-0.77	-0.77	-0.87	0.93	0.7	-0.76	-0.81	-0.35	-0.77	-0.79	-0.83	-0.83	-0.43	-0.9	-0.78	-0.75	-0.83	-0.76	-0.81		-0.77	-0.76	-0.79	-0.71	-0.84
Property Plant Equipment	0.96	0.86	0.79	0.86	-0.67	-0.92	0.74	0.73	0.15	0.97	0.95	0.95	0.86	0.77	0.94	0.96	0.93	0.9	0.9	0.93	-0.77		0.97	0.98	0.97	0.95
Short Long Term Debt Total	0.97	0.89	0.86	0.83	-0.61	-0.96	0.82	0.79	0.01	1.0	0.99	0.93	0.91	0.79	0.94	0.99	0.98	0.94	0.95	0.96	-0.76	0.97		0.98	0.99	0.94
Property Plant And Equipment Net	0.97	0.86	0.81	0.86	-0.65	-0.96	0.77	0.73	0.1	0.98	0.95	0.96	0.86	0.73	0.95	0.97	0.96	0.89	0.93	0.97	-0.79	0.98	0.98		0.99	0.97
Net Debt	0.95	0.87	0.82	0.81	-0.56	-0.98	0.77	0.71	-0.01	0.99	0.96	0.93	0.86	0.79	0.92	0.98	0.97	0.89	0.94	0.96	-0.71	0.97	0.99	0.99		0.94
Non Current Assets Total	0.98	0.84	0.8	0.96	-0.71	-0.91	0.77	0.72	0.28	0.94	0.93	1.0	0.87	0.7	0.98	0.93	0.91	0.87	0.89	0.98	-0.84	0.95	0.94	0.97	0.94

Click cells to compare fundamentals

PetIQ Account Relationship Matchups

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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PetIQ Non Current Assets Total vs Short Long Term Debt Analysis

Non Current Assets Total vs Short Long Term Debt

Non Current Assets Total vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Short Long Term Debt

PetIQ fundamental ratios Correlations

PetIQ Account Relationship Matchups

High Positive Relationship

High Negative Relationship

PetIQ fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for PetIQ Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Long Term Debt
Short Long Term Debt Total	+ 1.0	Long Term Debt
Total Liab	+ 1.0	Net Receivables
Non Current Assets Total	+ 1.0	Good Will
Accounts Payable	+ 0.99	Total Current Liabilities

Net Debt	- 0.98	Net Tangible Assets
Property Plant And Equipment Net	- 0.96	Net Tangible Assets
Short Long Term Debt Total	- 0.96	Net Tangible Assets
Short Term Debt	- 0.96	Net Tangible Assets
Intangible Assets	- 0.95	Net Tangible Assets
Short Long Term Debt	- 0.95	Net Tangible Assets