Propel Net Receivables vs Capital Surpluse Analysis

PRL Stock

36.41 2.12 5.50%

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 Net Receivables and its Capital Surpluse 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.

Net Receivables vs Capital Surpluse

Net Receivables vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Propel Holdings Net Receivables account and Capital Surpluse. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Propel Holdings' Net Receivables and Capital Surpluse is 0.98. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Surpluse 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' Net Receivables and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Propel Holdings are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Receivables i.e., Propel Holdings' Net Receivables and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Capital Surpluse

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.

As of the 3rd of December 2024, Tax Provision is likely to grow to about 10.7 M, 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

Depreciation And Amortization Interest Income

Propel Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.84	-0.99	0.99	0.97	-0.87	0.95	-0.45	0.99	0.88	0.84	0.74	0.92	-0.98	1.0	0.99	0.74	0.99	0.55	0.33	0.98	0.02	-1.0	0.96	0.97	0.99
Short Long Term Debt Total	0.84		-0.86	0.84	0.84	-0.79	0.84	-0.34	0.85	0.57	0.72	0.56	0.92	-0.86	0.86	0.87	0.56	0.79	0.47	0.74	0.87	0.12	-0.87	0.81	0.72	0.83
Other Current Liab	-0.99	-0.86		-1.0	-0.94	0.83	-0.91	0.47	-1.0	-0.89	-0.83	-0.76	-0.92	0.97	-0.99	-1.0	-0.76	-0.99	-0.64	-0.34	-0.99	0.01	0.99	-0.98	-0.97	-1.0
Total Current Liabilities	0.99	0.84	-1.0		0.94	-0.82	0.91	-0.47	1.0	0.91	0.82	0.74	0.9	-0.97	0.99	1.0	0.74	0.99	0.64	0.31	0.99	-0.02	-0.99	0.98	0.98	1.0
Total Stockholder Equity	0.97	0.84	-0.94	0.94		-0.95	1.0	-0.45	0.93	0.77	0.83	0.7	0.92	-0.97	0.97	0.93	0.7	0.96	0.35	0.4	0.94	0.05	-0.97	0.89	0.9	0.93
Other Liab	-0.87	-0.79	0.83	-0.82	-0.95		-0.96	0.61	-0.8	-0.59	-0.66	-0.68	-0.82	0.84	-0.87	-0.83	-0.68	-0.86	-0.22	-0.48	-0.86	0.16	0.88	-0.79	-0.79	-0.81
Net Tangible Assets	0.95	0.84	-0.91	0.91	1.0	-0.96		-0.44	0.9	0.72	0.82	0.67	0.92	-0.95	0.95	0.9	0.67	0.93	0.28	0.44	0.92	0.07	-0.96	0.85	0.86	0.91
Property Plant And Equipment Net	-0.45	-0.34	0.47	-0.47	-0.45	0.61	-0.44		-0.44	-0.4	-0.16	-0.61	-0.25	0.3	-0.45	-0.46	-0.61	-0.48	-0.38	-0.06	-0.51	0.85	0.45	-0.51	-0.53	-0.44
Net Debt	0.99	0.85	-1.0	1.0	0.93	-0.8	0.9	-0.44		0.91	0.82	0.73	0.9	-0.97	0.99	1.0	0.73	0.98	0.66	0.32	0.99	0.01	-0.99	0.98	0.97	1.0
Retained Earnings	0.88	0.57	-0.89	0.91	0.77	-0.59	0.72	-0.4	0.91		0.79	0.74	0.72	-0.84	0.87	0.87	0.74	0.91	0.71	-0.09	0.85	-0.04	-0.86	0.89	0.95	0.92
Accounts Payable	0.84	0.72	-0.83	0.82	0.83	-0.66	0.82	-0.16	0.82	0.79		0.71	0.91	-0.87	0.84	0.79	0.71	0.84	0.3	0.18	0.76	0.35	-0.86	0.73	0.78	0.83
Cash	0.74	0.56	-0.76	0.74	0.7	-0.68	0.67	-0.61	0.73	0.74	0.71		0.71	-0.67	0.73	0.73	1.0	0.77	0.51	-0.02	0.74	-0.29	-0.75	0.76	0.81	0.74
Non Current Assets Total	0.92	0.92	-0.92	0.9	0.92	-0.82	0.92	-0.25	0.9	0.72	0.91	0.71		-0.95	0.93	0.91	0.71	0.89	0.4	0.51	0.9	0.26	-0.94	0.85	0.82	0.9
Non Currrent Assets Other	-0.98	-0.86	0.97	-0.97	-0.97	0.84	-0.95	0.3	-0.97	-0.84	-0.87	-0.67	-0.95		-0.99	-0.97	-0.67	-0.97	-0.48	-0.4	-0.96	-0.19	0.98	-0.93	-0.92	-0.97
Other Assets	1.0	0.86	-0.99	0.99	0.97	-0.87	0.95	-0.45	0.99	0.87	0.84	0.73	0.93	-0.99		0.99	0.73	0.99	0.54	0.35	0.98	0.03	-1.0	0.96	0.96	0.99
Long Term Debt	0.99	0.87	-1.0	1.0	0.93	-0.83	0.9	-0.46	1.0	0.87	0.79	0.73	0.91	-0.97	0.99		0.73	0.98	0.66	0.38	1.0	-0.02	-0.98	0.99	0.96	0.99
Cash And Short Term Investments	0.74	0.56	-0.76	0.74	0.7	-0.68	0.67	-0.61	0.73	0.74	0.71	1.0	0.71	-0.67	0.73	0.73		0.77	0.51	-0.02	0.74	-0.29	-0.75	0.76	0.81	0.74
Net Receivables	0.99	0.79	-0.99	0.99	0.96	-0.86	0.93	-0.48	0.98	0.91	0.84	0.77	0.89	-0.97	0.99	0.98	0.77		0.56	0.24	0.98	-0.03	-0.99	0.96	0.98	0.99
Common Stock Shares Outstanding	0.55	0.47	-0.64	0.64	0.35	-0.22	0.28	-0.38	0.66	0.71	0.3	0.51	0.4	-0.48	0.54	0.66	0.51	0.56		0.03	0.64	-0.3	-0.54	0.74	0.67	0.64
Non Current Liabilities Total	0.33	0.74	-0.34	0.31	0.4	-0.48	0.44	-0.06	0.32	-0.09	0.18	-0.02	0.51	-0.4	0.35	0.38	-0.02	0.24	0.03		0.39	0.18	-0.37	0.29	0.13	0.28
Capital Surpluse	0.98	0.87	-0.99	0.99	0.94	-0.86	0.92	-0.51	0.99	0.85	0.76	0.74	0.9	-0.96	0.98	1.0	0.74	0.98	0.64	0.39		-0.08	-0.98	0.99	0.96	0.98
Capital Lease Obligations	0.02	0.12	0.01	-0.02	0.05	0.16	0.07	0.85	0.01	-0.04	0.35	-0.29	0.26	-0.19	0.03	-0.02	-0.29	-0.03	-0.3	0.18	-0.08		-0.03	-0.12	-0.12	0.01
Inventory	-1.0	-0.87	0.99	-0.99	-0.97	0.88	-0.96	0.45	-0.99	-0.86	-0.86	-0.75	-0.94	0.98	-1.0	-0.98	-0.75	-0.99	-0.54	-0.37	-0.98	-0.03		-0.96	-0.95	-0.99
Other Current Assets	0.96	0.81	-0.98	0.98	0.89	-0.79	0.85	-0.51	0.98	0.89	0.73	0.76	0.85	-0.93	0.96	0.99	0.76	0.96	0.74	0.29	0.99	-0.12	-0.96		0.98	0.98
Other Stockholder Equity	0.97	0.72	-0.97	0.98	0.9	-0.79	0.86	-0.53	0.97	0.95	0.78	0.81	0.82	-0.92	0.96	0.96	0.81	0.98	0.67	0.13	0.96	-0.12	-0.95	0.98		0.98
Total Liab	0.99	0.83	-1.0	1.0	0.93	-0.81	0.91	-0.44	1.0	0.92	0.83	0.74	0.9	-0.97	0.99	0.99	0.74	0.99	0.64	0.28	0.98	0.01	-0.99	0.98	0.98

Click cells to compare fundamentals

Propel Holdings Account Relationship Matchups

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

0.86	FFH	Fairfax Financial	Pair Corr
0.75	FFH-PM	Fairfax Financial	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Propel Net Receivables vs Capital Surpluse Analysis

Net Receivables vs Capital Surpluse

Net Receivables vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Net Receivables

Capital Surpluse

Propel Holdings fundamental ratios Correlations

Propel Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Propel Holdings fundamental ratios Accounts

Pair Trading with Propel Holdings

Moving together with Propel Stock

Other Information on Investing in Propel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Current Liabilities
Long Term Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Long Term Debt	+ 1.0	Net Debt

Inventory	- 1.0	Other Assets
Total Liab	- 1.0	Other Current Liab
Long Term Debt	- 1.0	Other Current Liab
Net Debt	- 1.0	Other Current Liab
Total Current Liabilities	- 1.0	Other Current Liab
Inventory	- 1.0	Total Assets