Boot Long Term Debt Total vs Total Stockholder Equity Analysis
BOOT Stock | USD 107.03 0.17 0.16% |
Boot Barn financial indicator trend analysis is way more than just evaluating Boot Barn Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boot Barn Holdings is a good investment. Please check the relationship between Boot Barn Long Term Debt Total and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Long Term Debt Total vs Total Stockholder Equity
Long Term Debt Total vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boot Barn Holdings Long Term Debt Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Boot Barn's Long Term Debt Total and Total Stockholder Equity is 0.01. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Boot Barn Holdings, assuming nothing else is changed. The correlation between historical values of Boot Barn's Long Term Debt Total and Total Stockholder Equity 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 Total of Boot Barn Holdings are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Long Term Debt Total i.e., Boot Barn's Long Term Debt Total and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt Total
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.Most indicators from Boot Barn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boot Barn 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Boot Barn's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 66.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.17 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.8M | 5.9M | 5.3M | 9.1M | Depreciation And Amortization | 27.4M | 35.9M | 41.3M | 26.4M |
Boot Barn fundamental ratios Correlations
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Boot Barn Account Relationship Matchups
Boot Barn fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 924.7M | 933.6M | 1.2B | 1.5B | 1.7B | 1.8B | |
Short Long Term Debt Total | 434.6M | 331.0M | 306.3M | 447.7M | 514.9M | 270.4M | |
Other Current Liab | 41.5M | 63.2M | 114.9M | 100.7M | 115.8M | 121.6M | |
Total Current Liabilities | 312.6M | 221.7M | 336.5M | 374.8M | 431.1M | 452.6M | |
Total Stockholder Equity | 321.7M | 394.9M | 599.7M | 776.5M | 892.9M | 937.6M | |
Other Liab | 35.0M | 20.4M | 25.4M | 29.1M | 33.5M | 22.1M | |
Property Plant And Equipment Net | 279.8M | 297.3M | 396.4M | 583.8M | 671.3M | 704.9M | |
Current Deferred Revenue | 11.1M | 14.4M | 18.5M | 22.3M | 25.6M | 26.9M | |
Net Debt | 365.1M | 257.9M | 285.6M | 429.5M | 494.0M | 247.7M | |
Retained Earnings | 153.6M | 213.0M | 405.5M | 576.0M | 662.4M | 695.6M | |
Accounts Payable | 95.3M | 104.6M | 131.4M | 134.2M | 154.4M | 90.8M | |
Cash | 69.6M | 73.1M | 20.7M | 18.2M | 20.9M | 22.6M | |
Non Current Assets Total | 540.1M | 559.1M | 658.0M | 848.2M | 975.4M | 1.0B | |
Non Currrent Assets Other | 1.7M | 3.5M | 3.3M | 6.2M | 7.1M | 7.5M | |
Other Assets | 1.4M | 1.7M | 3.5M | 3.3M | 3.8M | 2.2M | |
Long Term Debt | 183.2M | 174.3M | 109.0M | 109.8M | 126.2M | 146.5M | |
Cash And Short Term Investments | 69.6M | 73.1M | 20.7M | 18.2M | 20.9M | 22.6M | |
Net Receivables | 12.1M | 12.8M | 9.7M | 13.1M | 15.1M | 7.6M | |
Common Stock Shares Outstanding | 29.2M | 29.5M | 30.4M | 30.4M | 34.9M | 30.2M | |
Liabilities And Stockholders Equity | 924.7M | 933.6M | 1.2B | 1.5B | 1.7B | 1.8B | |
Non Current Liabilities Total | 290.4M | 317.0M | 263.7M | 366.1M | 421.0M | 245.0M | |
Inventory | 288.7M | 275.8M | 474.3M | 589.5M | 677.9M | 711.8M | |
Other Current Assets | 2.0M | 2.9M | 6.7M | 48.3M | 55.6M | 58.4M | |
Other Stockholder Equity | 168.0M | 181.9M | 194.2M | 200.4M | 230.5M | 181.6M | |
Total Liab | 603.0M | 538.7M | 600.2M | 740.9M | 852.1M | 453.0M | |
Property Plant And Equipment Gross | 279.8M | 297.3M | 396.4M | 583.8M | 671.3M | 704.9M | |
Total Current Assets | 384.7M | 374.5M | 541.8M | 669.2M | 769.5M | 808.0M | |
Short Term Debt | 164.7M | 39.4M | 71.7M | 117.6M | 135.3M | 142.0M | |
Intangible Assets | 61.0M | 60.9M | 60.8M | 60.8M | 69.9M | 67.4M | |
Property Plant Equipment | 109.6M | 110.4M | 155.2M | 257.1M | 295.7M | 310.5M | |
Net Tangible Assets | 63.2M | 136.5M | 341.4M | 518.2M | 595.9M | 625.7M | |
Deferred Long Term Liab | 19.8M | 22.0M | 26.9M | 33.3M | 38.2M | 40.2M | |
Retained Earnings Total Equity | 153.6M | 213.0M | 405.5M | 576.0M | 662.4M | 695.6M | |
Long Term Debt Total | 190.5M | 181.0M | 109.0M | 109.8M | 98.8M | 121.4M | |
Capital Surpluse | 169.2M | 183.8M | 199.1M | 210.0M | 241.5M | 180.7M | |
Treasury Stock | (668K) | (1.2M) | (2.0M) | (4.9M) | (4.4M) | (4.2M) | |
Capital Lease Obligations | 195.7M | 221.2M | 277.7M | 381.7M | 438.9M | 460.9M |
Pair Trading with Boot Barn
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 Boot Barn 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 Boot Barn will appreciate offsetting losses from the drop in the long position's value.Moving against Boot Stock
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0.72 | PRTS | CarPartsCom | PairCorr |
The ability to find closely correlated positions to Boot Barn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boot Barn 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 Boot Barn - 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 Boot Barn Holdings to buy it.
The correlation of Boot Barn 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 Boot Barn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boot Barn 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 Boot Barn 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boot Barn Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is Boot Barn'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 Boot Barn. If investors know Boot 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 Boot Barn 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 0.04 | Earnings Share 5.37 | Revenue Per Share 56.712 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0874 |
The market value of Boot Barn Holdings is measured differently than its book value, which is the value of Boot that is recorded on the company's balance sheet. Investors also form their own opinion of Boot Barn's value that differs from its market value or its book value, called intrinsic value, which is Boot Barn'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 Boot Barn's market value can be influenced by many factors that don't directly affect Boot Barn'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 Boot Barn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boot Barn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boot Barn'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.