Provident Long Term Debt vs Cash And Short Term Investments Analysis

PROV Stock

USD 15.91 0.22 1.36%

Provident Financial financial indicator trend analysis is much more than just breaking down Provident Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Provident Financial is a good investment. Please check the relationship between Provident Financial Long Term Debt and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Financial 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 persons.

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Provident Financial Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Provident Financial's Long Term Debt and Cash And Short Term Investments is -0.45. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Provident Financial Holdings, assuming nothing else is changed. The correlation between historical values of Provident Financial's Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Provident Financial Holdings are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Provident Financial's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.45

Relationship Direction	Negative
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that Provident Financial has held for over one year. Long-term debt appears on Provident Financial 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 Provident Financial 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Provident Financial balance sheet. This account contains Provident Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Provident Financial 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.

Most indicators from Provident Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Provident Financial 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 Provident Financial 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 persons.

At this time, Provident Financial's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 21.13 in 2024, whereas Tax Provision is likely to drop slightly above 3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	9.0M	19.8M	19.3M
Depreciation And Amortization	4.8M	3.2M	3.2M	2.8M

Interest Expense Depreciation And Amortization

Provident Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Total Current Liabilities	Short Term Debt	Other Liab	Accounts Payable	Long Term Debt	Inventory
Total Assets		0.74	0.71	-0.57	0.44	0.82	0.26	0.35	0.28	0.87	0.25	0.35	0.86	-0.54	0.39	-0.76	1.0	0.25	0.11	0.87	0.23	-0.23	-0.36	-0.43	0.13	-0.13
Short Long Term Debt Total	0.74		0.22	-0.03	0.81	0.53	-0.02	0.62	0.54	0.69	-0.07	0.81	0.56	-0.63	0.62	-0.64	0.77	0.6	-0.09	0.57	0.6	0.22	-0.44	-0.28	0.58	-0.39
Total Stockholder Equity	0.71	0.22		-0.81	-0.24	0.59	0.71	-0.03	0.04	0.68	0.74	-0.15	0.68	0.09	0.06	-0.26	0.66	-0.21	0.47	0.68	-0.07	-0.15	0.19	-0.25	-0.35	0.47
Property Plant And Equipment Net	-0.57	-0.03	-0.81		0.21	-0.46	-0.42	0.11	-0.02	-0.64	-0.47	0.29	-0.53	-0.07	-0.01	0.24	-0.53	0.38	-0.32	-0.53	0.13	0.21	-0.04	0.22	0.34	-0.36
Net Debt	0.44	0.81	-0.24	0.21		0.34	-0.6	0.67	0.53	0.42	-0.63	0.78	0.31	-0.8	0.62	-0.65	0.5	0.76	-0.43	0.31	0.61	0.15	-0.7	-0.31	0.69	-0.69
Retained Earnings	0.82	0.53	0.59	-0.46	0.34		0.1	0.08	-0.01	0.67	0.12	0.07	0.97	-0.63	0.08	-0.87	0.82	0.06	0.27	0.97	-0.15	-0.42	-0.55	-0.68	0.07	-0.33
Cash	0.26	-0.02	0.71	-0.42	-0.6	0.1		-0.26	-0.12	0.22	0.99	-0.2	0.22	0.5	-0.16	0.24	0.2	-0.46	0.6	0.22	-0.18	0.03	0.6	0.15	-0.4	0.66
Non Current Assets Total	0.35	0.62	-0.03	0.11	0.67	0.08	-0.26		0.95	0.36	-0.29	0.83	0.16	-0.53	0.98	-0.39	0.38	0.74	-0.3	0.17	0.92	0.17	-0.32	-0.2	0.7	-0.32
Non Currrent Assets Other	0.28	0.54	0.04	-0.02	0.53	-0.01	-0.12	0.95		0.4	-0.14	0.77	0.1	-0.35	0.98	-0.24	0.3	0.56	-0.2	0.11	0.92	0.25	-0.17	-0.12	0.68	-0.16
Other Assets	0.87	0.69	0.68	-0.64	0.42	0.67	0.22	0.36	0.4		0.22	0.36	0.79	-0.31	0.45	-0.55	0.86	0.16	-0.05	0.79	0.36	0.03	-0.17	-0.17	0.29	0.08
Cash And Short Term Investments	0.25	-0.07	0.74	-0.47	-0.63	0.12	0.99	-0.29	-0.14	0.22		-0.27	0.23	0.5	-0.19	0.23	0.19	-0.5	0.66	0.23	-0.23	-0.01	0.58	0.09	-0.45	0.66
Net Receivables	0.35	0.81	-0.15	0.29	0.78	0.07	-0.2	0.83	0.77	0.36	-0.27		0.15	-0.51	0.81	-0.35	0.39	0.74	-0.36	0.15	0.86	0.44	-0.29	-0.02	0.73	-0.37
Common Stock Total Equity	0.86	0.56	0.68	-0.53	0.31	0.97	0.22	0.16	0.1	0.79	0.23	0.15		-0.54	0.19	-0.8	0.86	0.03	0.22	1.0	-0.04	-0.35	-0.42	-0.55	0.14	-0.18
Common Stock Shares Outstanding	-0.54	-0.63	0.09	-0.07	-0.8	-0.63	0.5	-0.53	-0.35	-0.31	0.5	-0.51	-0.54		-0.46	0.92	-0.59	-0.55	0.13	-0.54	-0.27	0.35	0.91	0.7	-0.48	0.86
Non Current Liabilities Total	0.39	0.62	0.06	-0.01	0.62	0.08	-0.16	0.98	0.98	0.45	-0.19	0.81	0.19	-0.46		-0.35	0.41	0.64	-0.23	0.2	0.93	0.19	-0.26	-0.17	0.7	-0.24
Other Stockholder Equity	-0.76	-0.64	-0.26	0.24	-0.65	-0.87	0.24	-0.39	-0.24	-0.55	0.23	-0.35	-0.8	0.92	-0.35		-0.79	-0.35	-0.03	-0.81	-0.11	0.45	0.82	0.75	-0.31	0.67
Total Liab	1.0	0.77	0.66	-0.53	0.5	0.82	0.2	0.38	0.3	0.86	0.19	0.39	0.86	-0.59	0.41	-0.79		0.29	0.07	0.86	0.26	-0.23	-0.41	-0.43	0.18	-0.19
Property Plant And Equipment Gross	0.25	0.6	-0.21	0.38	0.76	0.06	-0.46	0.74	0.56	0.16	-0.5	0.74	0.03	-0.55	0.64	-0.35	0.29		-0.43	0.03	0.71	0.27	-0.34	-0.16	0.44	-0.39
Total Current Assets	0.11	-0.09	0.47	-0.32	-0.43	0.27	0.6	-0.3	-0.2	-0.05	0.66	-0.36	0.22	0.13	-0.23	-0.03	0.07	-0.43		0.21	-0.4	-0.24	0.06	-0.5	-0.39	0.14
Common Stock	0.87	0.57	0.68	-0.53	0.31	0.97	0.22	0.17	0.11	0.79	0.23	0.15	1.0	-0.54	0.2	-0.81	0.86	0.03	0.21		-0.03	-0.35	-0.42	-0.55	0.15	-0.18
Total Current Liabilities	0.23	0.6	-0.07	0.13	0.61	-0.15	-0.18	0.92	0.92	0.36	-0.23	0.86	-0.04	-0.27	0.93	-0.11	0.26	0.71	-0.4	-0.03		0.46	-0.05	0.12	0.66	-0.1
Short Term Debt	-0.23	0.22	-0.15	0.21	0.15	-0.42	0.03	0.17	0.25	0.03	-0.01	0.44	-0.35	0.35	0.19	0.45	-0.23	0.27	-0.24	-0.35	0.46		0.36	0.47	0.16	0.26
Other Liab	-0.36	-0.44	0.19	-0.04	-0.7	-0.55	0.6	-0.32	-0.17	-0.17	0.58	-0.29	-0.42	0.91	-0.26	0.82	-0.41	-0.34	0.06	-0.42	-0.05	0.36		0.72	-0.41	0.93
Accounts Payable	-0.43	-0.28	-0.25	0.22	-0.31	-0.68	0.15	-0.2	-0.12	-0.17	0.09	-0.02	-0.55	0.7	-0.17	0.75	-0.43	-0.16	-0.5	-0.55	0.12	0.47	0.72		0.0	0.58
Long Term Debt	0.13	0.58	-0.35	0.34	0.69	0.07	-0.4	0.7	0.68	0.29	-0.45	0.73	0.14	-0.48	0.7	-0.31	0.18	0.44	-0.39	0.15	0.66	0.16	-0.41	0.0		-0.49
Inventory	-0.13	-0.39	0.47	-0.36	-0.69	-0.33	0.66	-0.32	-0.16	0.08	0.66	-0.37	-0.18	0.86	-0.24	0.67	-0.19	-0.39	0.14	-0.18	-0.1	0.26	0.93	0.58	-0.49

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Provident Financial Account Relationship Matchups

Provident Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B
Short Long Term Debt Total	141.0M	101.0M	85M	235.0M	238.5M	180.4M
Total Stockholder Equity	124.0M	127.3M	128.7M	129.7M	129.9M	132.2M
Property Plant And Equipment Net	10.3M	9.4M	8.8M	9.2M	9.3M	7.1M
Net Debt	25.0M	30.7M	61.6M	169.2M	187.1M	132.8M
Retained Earnings	194.3M	197.7M	202.7M	207.3M	209.9M	154.9M
Cash	116.0M	70.3M	23.4M	65.8M	51.4M	65.4M
Non Current Assets Total	133.6M	236.3M	197.2M	165.7M	1.2B	1.3B
Non Currrent Assets Other	(7.2M)	(236.3M)	(197.2M)	(165.7M)	1.1B	1.1B
Other Assets	919.2M	870.5M	960.7M	1.1B	1.3B	1.1B
Cash And Short Term Investments	120.8M	73.9M	26.1M	68.0M	51.4M	69.1M
Net Receivables	3.3M	3.0M	3.0M	3.7M	4.3M	4.1M
Common Stock Shares Outstanding	7.6M	7.5M	7.4M	7.2M	7.0M	6.7M
Liabilities And Stockholders Equity	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B
Non Current Liabilities Total	101.1M	141.0M	101.0M	85M	1.1B	1.2B
Other Stockholder Equity	(70.7M)	(70.7M)	(74.2M)	(77.7M)	(80.2M)	(76.1M)
Total Liab	1.1B	1.1B	1.1B	1.2B	1.1B	1.2B
Property Plant And Equipment Gross	10.3M	9.4M	23.3M	23.8M	24.0M	25.2M
Total Current Assets	124.0M	76.9M	29.1M	71.7M	51.4M	48.8M
Accumulated Other Comprehensive Income	104K	72K	2K	(38K)	(3K)	(3.2K)
Total Current Liabilities	18.8M	17.4M	17.9M	167.7M	521.1M	547.1M
Short Term Debt	30.8M	21.9M	35.8M	150.0M	145.5M	74.9M
Other Liab	184K	125K	174K	270K	243K	230.9K
Accounts Payable	18.8M	17.4M	17.9M	17.7M	15.9M	15.1M
Long Term Debt	101.1M	141.0M	101.0M	85M	238.5M	137.6M
Inventory	(119.3M)	(73.3M)	(26.4M)	(69.6M)	(55.7M)	(52.9M)
Treasury Stock	(166.2M)	(168.7M)	(173.0M)	(177.2M)	(159.5M)	(167.5M)
Property Plant Equipment	10.3M	9.4M	8.8M	9.2M	10.6M	8.1M
Short Term Investments	4.7M	3.6M	2.7M	2.2M	1.8M	1.8M
Other Current Liab	(18.8M)	(12.9M)	64K	(17.7M)	375.6M	394.4M
Net Tangible Assets	124.0M	127.3M	128.7M	129.7M	116.7M	106.9M
Retained Earnings Total Equity	194.3M	197.7M	202.7M	207.3M	238.4M	208.5M
Capital Surpluse	95.6M	98.0M	98.8M	99.5M	114.4M	102.4M
Long Term Investments	123.3M	226.9M	188.4M	156.5M	131.9M	125.3M
Other Current Assets	119.3M	73.3M	26.4M	69.6M	55.7M	71.9M

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