Propel Cash And Short Term Investments vs Long Term Debt Analysis
| PRL Stock | 39.66 2.70 7.31% |
Propel Holdings financial indicator trend analysis is much more than just breaking down Propel Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Propel Holdings is a good investment. Please check the relationship between Propel Holdings Cash And Short Term Investments and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Propel Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash And Short Term Investments vs Long Term Debt
Cash And Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Propel Holdings Cash And Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Propel Holdings' Cash And Short Term Investments and Long Term Debt is 0.73. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Propel Holdings, assuming nothing else is changed. The correlation between historical values of Propel Holdings' Cash And Short Term Investments and 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 Cash And Short Term Investments of Propel Holdings are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Propel Holdings' Cash And Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Propel Holdings balance sheet. This account contains Propel Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Propel Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Long Term Debt
Long-term debt is a debt that Propel Holdings has held for over one year. Long-term debt appears on Propel Holdings 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 Propel Holdings 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.Most indicators from Propel Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Propel Holdings 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 Propel Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Propel Holdings' Tax Provision is very stable compared to the past year. As of the 8th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.23, while Selling General Administrative is likely to drop about 27.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.9M | 3.4M | 4.2M | 2.9M | Interest Income | 19.1M | 16.5M | 14.7M | 11.1M |
Propel Holdings fundamental ratios Correlations
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Propel Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Propel Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 51.2M | 79.1M | 149.5M | 256.7M | 344.3M | 361.5M | |
| Short Long Term Debt Total | 33.1M | 74.8M | 91.7M | 295.1M | 201.5M | 131.3M | |
| Other Current Liab | (21.8M) | (40.8M) | (49.6M) | (151.2M) | (203.5M) | (193.3M) | |
| Total Current Liabilities | 21.8M | 40.8M | 49.6M | 151.2M | 203.5M | 213.7M | |
| Total Stockholder Equity | 3.6M | 8.4M | 75.3M | 81.6M | 101.5M | 106.6M | |
| Property Plant And Equipment Net | 4.2M | 3.5M | 3.0M | 2.6M | 2.2M | 2.4M | |
| Net Debt | 26.9M | 47.6M | 42.8M | 143.9M | 187.8M | 197.2M | |
| Retained Earnings | (1.2M) | 3.5M | (4.0M) | 1.0M | 18.7M | 19.6M | |
| Accounts Payable | 2.0M | 2.7M | 2.7M | 2.3M | 4.3M | 2.8M | |
| Cash | 6.2M | 5.2M | 7.2M | 7.7M | 13.8M | 8.6M | |
| Non Current Assets Total | 8.8M | 8.6M | 10.9M | 14.1M | 15.7M | 11.8M | |
| Non Currrent Assets Other | (8.8M) | (8.6M) | (10.9M) | (14.1M) | (15.7M) | (16.4M) | |
| Other Assets | 31.3M | 58.2M | 115.0M | 208.9M | 272.1M | 285.7M | |
| Long Term Debt | 29.2M | 33.7M | 42.2M | 144.3M | 165.9M | 174.2M | |
| Cash And Short Term Investments | 6.2M | 5.2M | 7.2M | 7.7M | 13.8M | 8.6M | |
| Net Receivables | 4.8M | 7.1M | 16.4M | 26.0M | 42.8M | 44.9M | |
| Liabilities And Stockholders Equity | 51.2M | 79.1M | 149.5M | 256.7M | 344.3M | 361.5M | |
| Non Current Liabilities Total | 14.4M | 15.9M | 49.6M | 151.2M | 4.3M | 4.1M | |
| Capital Surpluse | 69.8K | 64.8K | 419.7K | 1.7M | 1.9M | 2.0M | |
| Capital Lease Obligations | 3.9M | 3.5M | 3.2M | 2.7M | 2.3M | 2.4M | |
| Inventory | (32.9M) | (59.2M) | (121.0M) | (219.8M) | (289.8M) | (275.3M) | |
| Other Current Assets | 32.9M | 8.2M | 16.3M | 219.8M | 289.8M | 304.3M | |
| Other Stockholder Equity | 69.8K | 64.8K | 419.6K | 1.7M | 3.7M | 3.8M | |
| Total Liab | 47.5M | 70.6M | 74.2M | 175.0M | 242.7M | 254.9M | |
| Deferred Long Term Liab | 885.8K | 2.9M | 2.7M | 2.8M | 3.2M | 2.1M | |
| Net Invested Capital | 32.8M | 57.7M | 122.2M | 230.5M | 300.7M | 315.7M | |
| Short Long Term Debt | 19.8M | 38.1M | 46.9M | 148.9M | 199.2M | 209.1M | |
| Total Current Assets | 11.0M | 12.3M | 23.6M | 33.7M | 56.5M | 59.4M | |
| Short Term Debt | 19.8M | 38.1M | 46.9M | 148.9M | 199.2M | 209.1M | |
| Intangible Assets | 4.6M | 5.1M | 7.9M | 11.5M | 13.4M | 8.4M | |
| Common Stock | 4.7M | 4.9M | 79.0M | 79.0M | 79.0M | 46.0M | |
| Property Plant Equipment | 4.2M | 3.5M | 3.0M | 2.6M | 2.4M | 2.6M |
Pair Trading with Propel Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Propel Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Propel Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Propel Stock
The ability to find closely correlated positions to Propel Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Propel Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Propel Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Propel Holdings to buy it.
The correlation of Propel Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Propel Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Propel Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Propel Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Propel Stock
Balance Sheet is a snapshot of the financial position of Propel Holdings at a specified time, usually calculated after every quarter, six months, or one year. Propel Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Propel Holdings 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 Propel currently owns. An asset can also be divided into two categories, current and non-current.