PetIQ Short Term Debt vs Common Stock Analysis

PETQ Stock

USD 19.81 0.20 1.02%

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 Short Term Debt and its Common Stock 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.

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PetIQ Inc Short Term Debt account and Common Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between PetIQ's Short Term Debt and Common Stock is -0.76. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock 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 Short Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of PetIQ Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., PetIQ's Short Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.76

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Short Term Debt

Common Stock

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 05/17/2024, 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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When determining whether PetIQ Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PetIQ Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Petiq Inc Stock. Highlighted below are key reports to facilitate an investment decision about Petiq Inc Stock:

How To Invest In PetIQ

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Is PetIQ Stock a good investment?

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What is PetIQ's Net Worth?

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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.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running PetIQ's price analysis, check to measure PetIQ'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 PetIQ is operating at the current time. Most of PetIQ's value examination focuses on studying past and present price action to predict the probability of PetIQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PetIQ's price. Additionally, you may evaluate how the addition of PetIQ to your portfolios can decrease your overall portfolio volatility.

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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.

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PetIQ Short Term Debt vs Common Stock Analysis

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Short Term Debt

Common Stock

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!

Complementary 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