Progressive Return on Average Assets vs Shareholders Equity Analysis
PGR Stock | USD 215.76 2.04 0.95% |
Trend analysis of Progressive Corp balance sheet accounts such as Retained Earnings of 19.7 B, Common Stock Shares Outstanding of 620.5 M, Liabilities And Stockholders Equity of 88.5 B or Non Current Liabilities Total of 36.2 B provides information on Progressive Corp's total assets, liabilities, and equity, which is the actual value of Progressive Corp to its prevalent stockholders. By breaking down trends over time using Progressive Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Progressive Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Progressive Corp at a specified time, usually calculated after every quarter, six months, or one year. Progressive Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Progressive Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Progressive currently owns. An asset can also be divided into two categories, current and non-current.
Progressive Corp Balance Sheet Chart
Progressive Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Progressive Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Progressive Corp's Non Current Liabilities Total is relatively stable compared to the past year. As of 05/12/2024, Other Stockholder Equity is likely to grow to about 2.1 B, while Non Currrent Assets Other are likely to drop (9.2 B). Add Fundamental
Total Assets
Total assets refers to the total amount of Progressive Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Progressive Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.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 tightly coupled 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 05/12/2024, 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 Revenue | 47.7B | 49.6B | 62.1B | 65.2B | Interest Expense | 218.6M | 243.5M | 268.4M | 281.8M |
Progressive Corp fundamental ratios Correlations
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Progressive Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Progressive Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Short Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.5B | 7.1B | 7.4B | |
Total Stockholder Equity | 13.7B | 17.0B | 18.2B | 15.9B | 20.3B | 21.3B | |
Net Debt | 4.2B | 5.3B | 4.7B | 6.3B | 7.0B | 7.3B | |
Retained Earnings | 10.7B | 13.4B | 15.3B | 15.7B | 18.8B | 19.7B | |
Common Stock Shares Outstanding | 586.7M | 587.2M | 587.6M | 587.1M | 587.5M | 620.5M | |
Liabilities And Stockholders Equity | 54.9B | 64.1B | 71.1B | 70.2B | 84.3B | 88.5B | |
Non Current Liabilities Total | 21.6B | 24.1B | 27.4B | 29.8B | 34.4B | 36.2B | |
Other Stockholder Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Total Liab | 41.2B | 47.1B | 52.9B | 54.3B | 64.0B | 67.3B | |
Property Plant And Equipment Net | 1.2B | 1.1B | 1.1B | 1.2B | 1.1B | 780.9M | |
Non Current Assets Total | 41.1B | 49.3B | 53.2B | 50.6B | 60.5B | 63.5B | |
Non Currrent Assets Other | (70.3M) | (86.9M) | (65.1) | (6.7B) | (8.7B) | (9.2B) | |
Other Assets | (32.0B) | (39.4B) | (41.3B) | 1.0 | 0.9 | 0.95 | |
Net Receivables | 10.9B | 12.2B | 14.4B | 16.2B | 17.1B | 17.9B | |
Total Current Assets | 45.8B | 54.2B | 59.2B | 19.7B | 23.9B | 25.0B | |
Cash | 226.2M | 76.5M | 187.1M | 220.9M | 99.6M | 92.9M | |
Cash And Short Term Investments | 35.1B | 42.1B | 45.0B | 9.0B | 62.3B | 65.4B | |
Short Term Investments | 34.9B | 42.0B | 44.8B | 8.7B | 11.4B | 10.2B | |
Accumulated Other Comprehensive Income | 341.7M | 931.7M | 40.7M | (2.8B) | (1.6B) | (1.5B) | |
Common Stock | 584.6M | 585.2M | 584.4M | 584.9M | 585.3M | 446.3M | |
Other Current Liab | (6.5B) | (5.0B) | (6.0B) | 19.0B | 29.6B | 31.1B | |
Total Current Liabilities | 16.3B | 19.6B | 21.2B | 24.5B | 29.6B | 15.1B | |
Common Stock Total Equity | 583.2M | 584.6M | 585.2M | 584.4M | 672.1M | 445.3M | |
Property Plant And Equipment Gross | 1.1B | 1.1B | 1.2B | 1.1B | 1.3B | 834.7M | |
Other Liab | 5.9M | 9.5B | 8.0B | 297.8M | 268.0M | 254.6M | |
Accounts Payable | 6.0B | 5.0B | 6.0B | 5.5B | 6.4B | 6.7B | |
Long Term Debt | 4.4B | 5.4B | 4.9B | 6.4B | 6.9B | 7.2B | |
Property Plant Equipment | 1.2B | 1.1B | 1.3B | 1.2B | 1.3B | 1.0B | |
Retained Earnings Total Equity | 8.4B | 10.7B | 13.4B | 15.3B | 17.6B | 18.5B | |
Inventory | (9.9B) | (19.5B) | (16.4B) | (25.2B) | (79.3B) | (75.3B) | |
Intangible Assets | 228.3M | 171.4M | 117.3M | 314.2M | 1.7B | 1.8B | |
Net Tangible Assets | 12.7B | 15.9B | 17.7B | 15.1B | 17.3B | 10.6B | |
Long Term Debt Total | 4.4B | 5.4B | 4.9B | 6.4B | 7.3B | 3.8B | |
Capital Surpluse | 1.6B | 1.7B | 1.8B | 1.9B | 2.2B | 1.5B | |
Long Term Investments | 39.4B | 47.7B | 51.5B | 53.5B | 66.0B | 69.3B | |
Non Current Liabilities Other | 26.1B | 30.5B | 34.0B | 41.9B | 48.2B | 50.6B | |
Other Current Assets | 9.7B | 19.4B | 16.3B | 19.7B | 23.9B | 25.0B |
Progressive Corp Investors Sentiment
The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with an investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Progressive Corp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.
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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 tightly coupled 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.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp'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 Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp'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 Progressive Corp. If investors know Progressive 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 Progressive Corp 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 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp'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 Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp'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 Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp'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.