ProPetro Short Long Term Debt vs Total Current Assets Analysis

PUMP Stock

USD 6.58 0.33 4.78%

ProPetro Holding financial indicator trend analysis is much more than just breaking down ProPetro Holding Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ProPetro Holding Corp is a good investment. Please check the relationship between ProPetro Holding Short Long Term Debt and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Short Long Term Debt vs Total Current Assets

Short Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ProPetro Holding Corp Short Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between ProPetro Holding's Short Long Term Debt and Total Current Assets is -0.47. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of ProPetro Holding Corp, assuming nothing else is changed. The correlation between historical values of ProPetro Holding's Short Long Term Debt and Total Current Assets 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 Long Term Debt of ProPetro Holding Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Long Term Debt i.e., ProPetro Holding's Short Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from ProPetro Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ProPetro Holding 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 ProPetro Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

As of 11/02/2024, Tax Provision is likely to grow to about 39.5 M, while Selling General Administrative is likely to drop slightly above 80.4 M.

	2023	2024 (projected)
Depreciation And Amortization	180.9M	119.6M
Interest Income	6.4M	10.1M

Depreciation And Amortization Interest Income

ProPetro Holding 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	Current Deferred Revenue	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	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		-0.71	0.4	0.79	0.98	0.83	0.97	0.99	0.76	-0.71	0.9	0.75	0.49	0.99	-0.4	-0.86	-0.83	0.54	0.84	0.35	0.96	0.87	-0.84	-0.53	0.96	0.06
Short Long Term Debt Total	-0.71		-0.28	-0.57	-0.81	-0.45	-0.79	-0.72	-0.62	0.92	-0.54	-0.63	-0.41	-0.71	0.74	0.83	0.95	-0.44	-0.51	0.04	-0.84	-0.59	0.94	0.96	-0.82	0.22
Other Current Liab	0.4	-0.28		0.66	0.33	0.17	0.34	0.39	0.42	-0.29	0.23	0.4	0.21	0.39	0.07	-0.18	-0.31	0.23	0.4	0.21	0.36	0.11	-0.32	-0.21	0.35	0.21
Total Current Liabilities	0.79	-0.57	0.66		0.72	0.39	0.7	0.72	0.54	-0.58	0.52	0.94	0.43	0.73	-0.04	-0.69	-0.69	0.47	0.94	0.46	0.77	0.47	-0.7	-0.52	0.76	0.14
Total Stockholder Equity	0.98	-0.81	0.33	0.72		0.82	0.99	0.98	0.78	-0.8	0.88	0.7	0.5	0.98	-0.54	-0.9	-0.9	0.54	0.76	0.24	0.98	0.88	-0.9	-0.65	0.98	-0.03
Other Liab	0.83	-0.45	0.17	0.39	0.82		0.85	0.88	0.73	-0.49	0.95	0.34	0.4	0.87	-0.43	-0.55	-0.52	0.43	0.48	0.14	0.73	0.86	-0.52	-0.19	0.72	-0.04
Net Tangible Assets	0.97	-0.79	0.34	0.7	0.99	0.85		0.99	0.78	-0.78	0.89	0.67	0.45	0.99	-0.54	-0.87	-0.88	0.5	0.75	0.2	0.98	0.88	-0.88	-0.62	0.97	-0.03
Property Plant And Equipment Net	0.99	-0.72	0.39	0.72	0.98	0.88	0.99		0.79	-0.71	0.93	0.67	0.45	1.0	-0.45	-0.83	-0.83	0.49	0.77	0.28	0.96	0.89	-0.84	-0.54	0.96	0.05
Current Deferred Revenue	0.76	-0.62	0.42	0.54	0.78	0.73	0.78	0.79		-0.71	0.76	0.46	0.64	0.76	-0.34	-0.5	-0.63	0.64	0.48	-0.14	0.71	0.51	-0.61	-0.47	0.7	-0.29
Net Debt	-0.71	0.92	-0.29	-0.58	-0.8	-0.49	-0.78	-0.71	-0.71		-0.52	-0.64	-0.72	-0.69	0.71	0.79	0.87	-0.74	-0.49	0.22	-0.79	-0.52	0.82	0.86	-0.79	0.48
Retained Earnings	0.9	-0.54	0.23	0.52	0.88	0.95	0.89	0.93	0.76	-0.52		0.47	0.38	0.92	-0.35	-0.67	-0.63	0.42	0.6	0.3	0.81	0.9	-0.67	-0.32	0.81	0.14
Accounts Payable	0.75	-0.63	0.4	0.94	0.7	0.34	0.67	0.67	0.46	-0.64	0.47		0.45	0.68	-0.15	-0.72	-0.72	0.5	0.92	0.4	0.75	0.46	-0.71	-0.61	0.73	-0.02
Cash	0.49	-0.41	0.21	0.43	0.5	0.4	0.45	0.45	0.64	-0.72	0.38	0.45		0.43	-0.28	-0.43	-0.38	1.0	0.32	-0.3	0.4	0.24	-0.32	-0.34	0.44	-0.6
Non Current Assets Total	0.99	-0.71	0.39	0.73	0.98	0.87	0.99	1.0	0.76	-0.69	0.92	0.68	0.43		-0.45	-0.84	-0.83	0.47	0.79	0.33	0.96	0.9	-0.84	-0.52	0.96	0.08
Non Currrent Assets Other	-0.4	0.74	0.07	-0.04	-0.54	-0.43	-0.54	-0.45	-0.34	0.71	-0.35	-0.15	-0.28	-0.45		0.55	0.63	-0.3	-0.02	0.26	-0.51	-0.52	0.57	0.65	-0.52	0.44
Other Assets	-0.86	0.83	-0.18	-0.69	-0.9	-0.55	-0.87	-0.83	-0.5	0.79	-0.67	-0.72	-0.43	-0.84	0.55		0.93	-0.48	-0.74	-0.32	-0.92	-0.82	0.93	0.76	-0.94	-0.05
Long Term Debt	-0.83	0.95	-0.31	-0.69	-0.9	-0.52	-0.88	-0.83	-0.63	0.87	-0.63	-0.72	-0.38	-0.83	0.63	0.93		-0.42	-0.69	-0.14	-0.94	-0.71	0.99	0.89	-0.94	0.07
Cash And Short Term Investments	0.54	-0.44	0.23	0.47	0.54	0.43	0.5	0.49	0.64	-0.74	0.42	0.5	1.0	0.47	-0.3	-0.48	-0.42		0.37	-0.23	0.44	0.3	-0.37	-0.36	0.49	-0.56
Net Receivables	0.84	-0.51	0.4	0.94	0.76	0.48	0.75	0.77	0.48	-0.49	0.6	0.92	0.32	0.79	-0.02	-0.74	-0.69	0.37		0.56	0.81	0.6	-0.71	-0.44	0.8	0.21
Good Will	0.35	0.04	0.21	0.46	0.24	0.14	0.2	0.28	-0.14	0.22	0.3	0.4	-0.3	0.33	0.26	-0.32	-0.14	-0.23	0.56		0.27	0.43	-0.24	0.08	0.3	0.78
Common Stock Total Equity	0.96	-0.84	0.36	0.77	0.98	0.73	0.98	0.96	0.71	-0.79	0.81	0.75	0.4	0.96	-0.51	-0.92	-0.94	0.44	0.81	0.27		0.84	-0.94	-0.71	0.99	0.03
Common Stock Shares Outstanding	0.87	-0.59	0.11	0.47	0.88	0.86	0.88	0.89	0.51	-0.52	0.9	0.46	0.24	0.9	-0.52	-0.82	-0.71	0.3	0.6	0.43	0.84		-0.74	-0.4	0.86	0.23
Long Term Debt Total	-0.84	0.94	-0.32	-0.7	-0.9	-0.52	-0.88	-0.84	-0.61	0.82	-0.67	-0.71	-0.32	-0.84	0.57	0.93	0.99	-0.37	-0.71	-0.24	-0.94	-0.74		0.88	-0.94	-0.06
Non Current Liabilities Total	-0.53	0.96	-0.21	-0.52	-0.65	-0.19	-0.62	-0.54	-0.47	0.86	-0.32	-0.61	-0.34	-0.52	0.65	0.76	0.89	-0.36	-0.44	0.08	-0.71	-0.4	0.88		-0.69	0.22
Capital Surpluse	0.96	-0.82	0.35	0.76	0.98	0.72	0.97	0.96	0.7	-0.79	0.81	0.73	0.44	0.96	-0.52	-0.94	-0.94	0.49	0.8	0.3	0.99	0.86	-0.94	-0.69		0.05
Inventory	0.06	0.22	0.21	0.14	-0.03	-0.04	-0.03	0.05	-0.29	0.48	0.14	-0.02	-0.6	0.08	0.44	-0.05	0.07	-0.56	0.21	0.78	0.03	0.23	-0.06	0.22	0.05

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ProPetro Holding Account Relationship Matchups

ProPetro Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.1B	1.1B	1.3B	1.5B	1.1B
Short Long Term Debt Total	167.4M	799K	466K	33.2M	148.6M	82.0M
Other Current Liab	3.2M	24.7M	20.8M	39.0M	56.4M	41.0M
Total Current Liabilities	233.0M	104.2M	173.8M	284.2M	271.1M	236.3M
Total Stockholder Equity	969.3M	870.8M	826.3M	954.0M	998.4M	748.0M
Other Liab	103.0M	75.3M	61.1M	65.3M	75.1M	54.3M
Net Tangible Assets	959.9M	870.8M	826.3M	874.1M	1.0B	664.0M
Property Plant And Equipment Net	1.0B	881.2M	808.9M	925.9M	1.1B	818.5M
Net Debt	18.4M	(68.0M)	(111.5M)	(55.7M)	115.2M	121.0M
Retained Earnings	142.6M	35.6M	(18.6M)	(16.6M)	69.0M	72.5M
Accounts Payable	193.1M	79.2M	152.6M	234.3M	161.4M	178.8M
Cash	149.0M	68.8M	111.9M	88.9M	33.4M	31.7M
Non Current Assets Total	1.1B	883.0M	810.2M	1.0B	1.2B	846.2M
Non Currrent Assets Other	2.6M	(73.5M)	(59.8M)	(64.1M)	2.1M	2.2M
Other Assets	2.6M	2.5M	1.3M	1.2M	1.0M	2.1M
Long Term Debt	57.2M	70M	130M	30M	45M	83.3M
Cash And Short Term Investments	149.0M	68.8M	111.9M	99.1M	41.1M	39.0M
Net Receivables	212.2M	84.2M	128.1M	215.9M	237.0M	181.6M
Common Stock Shares Outstanding	103.8M	100.8M	102.7M	106.9M	113.4M	104.8M
Long Term Debt Total	57.2M	70M	130M	30M	27M	25.7M
Liabilities And Stockholders Equity	1.4B	1.1B	1.1B	1.3B	1.5B	1.1B
Non Current Liabilities Total	233.8M	75.8M	61.1M	97.6M	210.8M	114.9M
Capital Surpluse	826.6M	835.1M	844.8M	970.5M	1.1B	763.6M
Inventory	2.4M	2.7M	3.9M	5.0M	17.7M	18.6M
Other Current Assets	1.1M	782K	297K	38K	15.0M	15.7M
Other Stockholder Equity	826.6M	835.1M	844.8M	970.5M	929.2M	873.7M
Total Liab	466.8M	180.0M	234.9M	381.8M	481.9M	394.2M
Property Plant And Equipment Gross	1.0B	881.2M	808.9M	922.7M	1.7B	896.9M
Total Current Assets	375.6M	167.7M	251.1M	328.8M	310.8M	296.0M
Property Plant Equipment	1.0B	880.5M	808.9M	922.7M	1.1B	770.0M
Non Current Liabilities Other	799K	465K	97K	2.3M	3.2M	3.3M
Retained Earnings Total Equity	142.6M	35.6M	(18.6M)	(16.6M)	(19.1M)	(20.0M)

Pair Trading with ProPetro Holding

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 ProPetro Holding 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 ProPetro Holding will appreciate offsetting losses from the drop in the long position's value.

Moving against ProPetro Stock

0.32

NESR

National Energy Services

Pair Corr

The ability to find closely correlated positions to ProPetro Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProPetro Holding 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 ProPetro Holding - 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 ProPetro Holding Corp to buy it.

The correlation of ProPetro Holding 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 ProPetro Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProPetro Holding Corp 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 ProPetro Holding 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

Additional Tools for ProPetro Stock Analysis

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

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