Boot Non Currrent Assets Other vs Retained Earnings Analysis

BOOT Stock

USD 128.01 0.69 0.54%

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 Non Currrent Assets Other and its Retained Earnings 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 closely tied with the direction of predictive economic indicators such as signals in persons.

Non Currrent Assets Other vs Retained Earnings

Non Currrent Assets Other vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boot Barn Holdings Non Currrent Assets Other account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Boot Barn's Non Currrent Assets Other and Retained Earnings is 0.94. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings 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 Non Currrent Assets Other and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Boot Barn Holdings are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., Boot Barn's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 closely tied with the direction of predictive economic indicators such as signals in persons.

Selling General Administrative is likely to drop to about 219.1 M in 2024. Tax Provision is likely to drop to about 25.5 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	5.8M	5.9M	2.2M	2.1M
Depreciation And Amortization	27.4M	35.9M	104.7M	110.0M

Interest Expense Depreciation And Amortization

Boot Barn fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.83	0.81	0.83	0.99	0.63	0.99	0.99	0.82	0.98	0.82	0.78	1.0	0.89	-0.49	0.24	0.78	0.96	0.72	0.7	0.88	0.96	0.87	0.85	0.7	0.88
Short Long Term Debt Total	0.83		0.79	0.94	0.77	0.71	0.8	0.81	0.99	0.74	0.87	0.74	0.81	0.62	-0.3	0.29	0.74	0.82	0.84	0.73	0.87	0.79	0.88	0.65	0.72	0.97
Other Current Liab	0.81	0.79		0.92	0.81	0.65	0.8	0.83	0.81	0.79	0.89	0.49	0.78	0.66	-0.12	0.11	0.49	0.71	0.69	0.62	0.83	0.66	0.95	0.67	0.67	0.87
Total Current Liabilities	0.83	0.94	0.92		0.79	0.7	0.81	0.82	0.95	0.76	0.92	0.62	0.8	0.6	-0.22	0.2	0.62	0.78	0.79	0.7	0.88	0.71	0.94	0.66	0.73	0.95
Total Stockholder Equity	0.99	0.77	0.81	0.79		0.57	0.99	0.99	0.77	1.0	0.78	0.73	0.99	0.92	-0.51	0.16	0.73	0.94	0.64	0.65	0.83	0.94	0.87	0.88	0.65	0.84
Other Liab	0.63	0.71	0.65	0.7	0.57		0.54	0.67	0.72	0.52	0.89	0.45	0.61	0.3	-0.3	0.75	0.45	0.6	0.95	0.84	0.81	0.64	0.71	0.42	0.96	0.77
Property Plant And Equipment Net	0.99	0.8	0.8	0.81	0.99	0.54		0.98	0.8	0.99	0.76	0.77	0.99	0.93	-0.49	0.12	0.77	0.95	0.63	0.62	0.84	0.94	0.86	0.87	0.61	0.85
Current Deferred Revenue	0.99	0.81	0.83	0.82	0.99	0.67	0.98		0.81	0.98	0.85	0.75	0.99	0.88	-0.47	0.26	0.75	0.95	0.73	0.71	0.89	0.95	0.88	0.85	0.73	0.87
Net Debt	0.82	0.99	0.81	0.95	0.77	0.72	0.8	0.81		0.74	0.87	0.65	0.81	0.62	-0.35	0.33	0.65	0.78	0.84	0.72	0.86	0.77	0.9	0.7	0.72	0.96
Retained Earnings	0.98	0.74	0.79	0.76	1.0	0.52	0.99	0.98	0.74		0.74	0.71	0.98	0.94	-0.52	0.11	0.71	0.93	0.59	0.59	0.8	0.93	0.85	0.89	0.59	0.81
Accounts Payable	0.82	0.87	0.89	0.92	0.78	0.89	0.76	0.85	0.87	0.74		0.6	0.79	0.54	-0.26	0.45	0.6	0.78	0.92	0.84	0.92	0.75	0.92	0.62	0.92	0.93
Cash	0.78	0.74	0.49	0.62	0.73	0.45	0.77	0.75	0.65	0.71	0.6		0.8	0.65	-0.2	0.11	1.0	0.9	0.61	0.58	0.73	0.84	0.55	0.46	0.51	0.71
Non Current Assets Total	1.0	0.81	0.78	0.8	0.99	0.61	0.99	0.99	0.81	0.98	0.79	0.8		0.9	-0.5	0.24	0.8	0.97	0.7	0.69	0.86	0.98	0.85	0.84	0.68	0.86
Non Currrent Assets Other	0.89	0.62	0.66	0.6	0.92	0.3	0.93	0.88	0.62	0.94	0.54	0.65	0.9		-0.46	-0.02	0.65	0.84	0.39	0.37	0.66	0.86	0.72	0.89	0.36	0.68
Other Assets	-0.49	-0.3	-0.12	-0.22	-0.51	-0.3	-0.49	-0.47	-0.35	-0.52	-0.26	-0.2	-0.5	-0.46		-0.25	-0.2	-0.44	-0.26	-0.42	-0.22	-0.53	-0.37	-0.7	-0.37	-0.34
Long Term Debt	0.24	0.29	0.11	0.2	0.16	0.75	0.12	0.26	0.33	0.11	0.45	0.11	0.24	-0.02	-0.25		0.11	0.21	0.72	0.6	0.41	0.36	0.19	0.09	0.69	0.3
Cash And Short Term Investments	0.78	0.74	0.49	0.62	0.73	0.45	0.77	0.75	0.65	0.71	0.6	1.0	0.8	0.65	-0.2	0.11		0.9	0.61	0.58	0.73	0.84	0.55	0.46	0.51	0.71
Net Receivables	0.96	0.82	0.71	0.78	0.94	0.6	0.95	0.95	0.78	0.93	0.78	0.9	0.97	0.84	-0.44	0.21	0.9		0.71	0.72	0.85	0.96	0.79	0.76	0.69	0.85
Good Will	0.72	0.84	0.69	0.79	0.64	0.95	0.63	0.73	0.84	0.59	0.92	0.61	0.7	0.39	-0.26	0.72	0.61	0.71		0.89	0.87	0.74	0.75	0.45	0.94	0.85
Common Stock Total Equity	0.7	0.73	0.62	0.7	0.65	0.84	0.62	0.71	0.72	0.59	0.84	0.58	0.69	0.37	-0.42	0.6	0.58	0.72	0.89		0.69	0.72	0.71	0.46	0.91	0.77
Common Stock Shares Outstanding	0.88	0.87	0.83	0.88	0.83	0.81	0.84	0.89	0.86	0.8	0.92	0.73	0.86	0.66	-0.22	0.41	0.73	0.85	0.87	0.69		0.84	0.85	0.65	0.82	0.9
Non Current Liabilities Total	0.96	0.79	0.66	0.71	0.94	0.64	0.94	0.95	0.77	0.93	0.75	0.84	0.98	0.86	-0.53	0.36	0.84	0.96	0.74	0.72	0.84		0.76	0.78	0.7	0.83
Inventory	0.87	0.88	0.95	0.94	0.87	0.71	0.86	0.88	0.9	0.85	0.92	0.55	0.85	0.72	-0.37	0.19	0.55	0.79	0.75	0.71	0.85	0.76		0.79	0.75	0.95
Other Current Assets	0.85	0.65	0.67	0.66	0.88	0.42	0.87	0.85	0.7	0.89	0.62	0.46	0.84	0.89	-0.7	0.09	0.46	0.76	0.45	0.46	0.65	0.78	0.79		0.49	0.7
Other Stockholder Equity	0.7	0.72	0.67	0.73	0.65	0.96	0.61	0.73	0.72	0.59	0.92	0.51	0.68	0.36	-0.37	0.69	0.51	0.69	0.94	0.91	0.82	0.7	0.75	0.49		0.79
Total Liab	0.88	0.97	0.87	0.95	0.84	0.77	0.85	0.87	0.96	0.81	0.93	0.71	0.86	0.68	-0.34	0.3	0.71	0.85	0.85	0.77	0.9	0.83	0.95	0.7	0.79

Click cells to compare fundamentals

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	1.8B	1.9B
Short Long Term Debt Total	434.6M	331.0M	306.3M	447.7M	466.8M	290.6M
Other Current Liab	41.5M	63.2M	114.9M	100.7M	90.1M	53.4M
Total Current Liabilities	312.6M	221.7M	336.5M	374.8M	312.8M	219.3M
Total Stockholder Equity	321.7M	394.9M	599.7M	776.5M	943.6M	990.8M
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	714.2M	749.9M
Current Deferred Revenue	11.1M	14.4M	18.5M	22.3M	26.4M	27.7M
Net Debt	365.1M	257.9M	285.6M	429.5M	390.9M	262.9M
Retained Earnings	153.6M	213.0M	405.5M	576.0M	723.0M	759.2M
Accounts Payable	95.3M	104.6M	131.4M	134.2M	132.9M	95.4M
Cash	69.6M	73.1M	20.7M	18.2M	75.8M	79.6M
Non Current Assets Total	540.1M	559.1M	658.0M	848.2M	1.1B	1.2B
Non Currrent Assets Other	1.7M	3.5M	3.3M	6.2M	7.3M	7.6M
Other Assets	1.7M	3.5M	3.3M	1.0	0.9	0.86
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	75.8M	79.6M
Net Receivables	12.1M	12.8M	9.7M	13.1M	20.2M	21.2M
Common Stock Shares Outstanding	29.2M	29.5M	30.4M	30.4M	30.6M	30.5M
Liabilities And Stockholders Equity	924.7M	933.6M	1.2B	1.5B	1.8B	1.9B
Non Current Liabilities Total	290.4M	317.0M	263.7M	366.1M	579.6M	608.5M
Inventory	288.7M	275.8M	474.3M	589.5M	599.1M	306.6M
Other Current Assets	2.0M	2.9M	6.7M	48.3M	32.8M	34.4M
Other Stockholder Equity	168.0M	181.9M	194.2M	200.4M	220.6M	186.7M
Total Liab	603.0M	538.7M	600.2M	740.9M	892.4M	497.0M
Property Plant And Equipment Gross	279.8M	297.3M	396.4M	583.8M	900.3M	945.3M
Total Current Assets	384.7M	374.5M	541.8M	669.2M	727.9M	364.8M
Short Term Debt	164.7M	39.4M	71.7M	117.6M	63.5M	57.9M
Intangible Assets	61.0M	60.9M	60.8M	60.8M	58.7M	67.2M
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	466.8M	490.1M

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 together with Boot Stock

0.66

ABG

Asbury Automotive

Pair Corr

Moving against Boot Stock

0.93	DIT	AMCON Distributing	Pair Corr
0.9	EYE	National Vision Holdings	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.81	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.77	HVT	Haverty Furniture	Pair Corr

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.

Pair Correlation Correlation Matching

Additional Tools for Boot Stock Analysis

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

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