Boot Total Current Assets vs Deferred Long Term Liab Analysis
BOOT Stock | USD 106.86 3.11 3.00% |
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 Total Current Assets and its Deferred Long Term Liab 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.
Total Current Assets vs Deferred Long Term Liab
Total Current Assets vs Deferred Long Term Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boot Barn Holdings Total Current Assets account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Boot Barn's Total Current Assets and Deferred Long Term Liab is 0.96. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Deferred Long Term Liab 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 Total Current Assets and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Boot Barn Holdings are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Current Assets i.e., Boot Barn's Total Current Assets and Deferred Long Term Liab go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.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
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 | 1.7B | 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 |
Boot Barn Investors Sentiment
The influence of Boot Barn's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Boot. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Boot Barn's public news can be used to forecast risks associated with an investment in Boot. The trend in average sentiment can be used to explain how an investor holding Boot can time the market purely based on public headlines and social activities around Boot Barn Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boot Barn's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boot Barn's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Boot Barn's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Boot Barn.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boot Barn in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boot Barn's short interest history, or implied volatility extrapolated from Boot Barn options trading.
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
0.9 | DIT | AMCON Distributing | PairCorr |
0.82 | HD | Home Depot Earnings Call Today | PairCorr |
0.82 | DRI | Darden Restaurants Financial Report 27th of June 2024 | PairCorr |
0.74 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary 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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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.