Kroger Total Current Assets vs Long Term Debt Analysis
KR Stock | USD 55.08 0.41 0.74% |
Kroger financial indicator trend analysis is infinitely more than just investigating Kroger Company recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kroger Company is a good investment. Please check the relationship between Kroger Total Current Assets and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Current Assets vs Long Term Debt
Total Current Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kroger Company Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Kroger's Total Current Assets and Long Term Debt is 0.64. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Kroger Company, assuming nothing else is changed. The correlation between historical values of Kroger's Total Current Assets and Long Term Debt 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 Kroger Company are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Kroger's Total Current Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
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.Long Term Debt
Long-term debt is a debt that Kroger Company has held for over one year. Long-term debt appears on Kroger Company 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 Kroger Company 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.Most indicators from Kroger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kroger Company 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Kroger's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 04/29/2024, Enterprise Value Over EBITDA is likely to grow to 6.35, while Tax Provision is likely to drop slightly above 484.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 571M | 535M | 441M | 537.6M | Depreciation And Amortization | 3.4B | 3.6B | 3.8B | 3.9B |
Kroger fundamental ratios Correlations
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Kroger Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kroger fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 45.2B | 48.6B | 49.1B | 49.5B | 50.5B | 53.0B | |
Short Long Term Debt Total | 21.2B | 20.6B | 20.4B | 20.4B | 19.2B | 9.7B | |
Other Current Liab | 4.1B | 5.7B | 8.0B | 8.1B | 4.8B | 2.9B | |
Total Current Liabilities | 14.1B | 15.4B | 16.3B | 16.6B | 16.1B | 8.1B | |
Total Stockholder Equity | 8.6B | 9.6B | 9.4B | 10.0B | 11.6B | 12.2B | |
Property Plant And Equipment Net | 28.6B | 29.2B | 30.5B | 31.4B | 31.9B | 33.5B | |
Net Debt | 20.8B | 18.9B | 18.6B | 19.6B | 17.4B | 9.3B | |
Retained Earnings | 21.0B | 23.0B | 24.1B | 25.6B | 26.9B | 28.3B | |
Cash | 399M | 1.7B | 1.8B | 828M | 1.9B | 2.0B | |
Non Current Assets Total | 34.3B | 36.2B | 36.9B | 37.0B | 37.6B | 39.4B | |
Non Currrent Assets Other | 1.5B | 2.9B | 2.4B | (301M) | 71M | 67.5M | |
Cash And Short Term Investments | 1.6B | 2.8B | 2.9B | 2.1B | 3.1B | 3.3B | |
Net Receivables | 1.7B | 1.8B | 1.8B | 2.2B | 2.1B | 2.2B | |
Common Stock Shares Outstanding | 805M | 781M | 754M | 727M | 725M | 1.2B | |
Liabilities And Stockholders Equity | 45.2B | 48.6B | 49.1B | 49.5B | 50.5B | 53.0B | |
Non Current Liabilities Total | 22.5B | 23.7B | 23.3B | 22.9B | 22.8B | 24.0B | |
Inventory | 7.1B | 7.1B | 6.8B | 7.6B | 7.1B | 4.5B | |
Other Current Assets | 522M | 876M | 660M | 735M | 609M | 570.6M | |
Other Stockholder Equity | (13.7B) | (14.8B) | (16.1B) | (16.9B) | (16.8B) | (15.9B) | |
Total Liab | 36.6B | 39.1B | 39.7B | 39.5B | 38.9B | 40.8B | |
Total Current Assets | 10.9B | 12.5B | 12.2B | 12.6B | 12.9B | 6.9B | |
Short Term Debt | 2.5B | 1.6B | 1.2B | 1.5B | 868M | 987.5M | |
Accounts Payable | 6.3B | 6.7B | 7.1B | 7.1B | 10.4B | 10.9B | |
Property Plant And Equipment Gross | 28.7B | 29.2B | 30.5B | 31.4B | 63.4B | 66.6B | |
Accumulated Other Comprehensive Income | (640M) | (630M) | (467M) | (632M) | (489M) | (513.5M) | |
Good Will | 2.9B | 3.1B | 3.1B | 2.9B | 3.4B | 2.5B | |
Other Liab | 3.8B | 4.7B | 4.1B | 3.9B | 4.5B | 3.0B | |
Other Assets | 1.5B | 2.9B | 2.4B | 1.8B | 2.0B | 2.1B | |
Long Term Debt | 11.3B | 12.5B | 12.8B | 12.6B | 10.2B | 10.1B | |
Treasury Stock | (16.6B) | (17.0B) | (18.2B) | (19.7B) | (17.7B) | (16.9B) | |
Intangible Assets | 1.1B | 997M | 942M | 899M | 809.1M | 1.4B | |
Property Plant Equipment | 21.9B | 29.2B | 30.5B | 31.4B | 36.1B | 18.2B | |
Current Deferred Revenue | 1.6B | 1.6B | 1.2B | 1.4B | 1.6B | 1.7B | |
Short Term Investments | 1.2B | 1.1B | 1.1B | 1.2B | 1.2B | 896.2M | |
Net Tangible Assets | 4.5B | 5.5B | 5.4B | 6.2B | 7.2B | 4.2B | |
Long Term Debt Total | 12.1B | 12.5B | 12.8B | 12.1B | 13.9B | 11.5B |
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Is Kroger'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 Kroger. If investors know Kroger 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 Kroger 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 (0.88) | Dividend Share 1.13 | Earnings Share 2.96 | Revenue Per Share 208.968 | Quarterly Revenue Growth (0.01) |
The market value of Kroger Company is measured differently than its book value, which is the value of Kroger that is recorded on the company's balance sheet. Investors also form their own opinion of Kroger's value that differs from its market value or its book value, called intrinsic value, which is Kroger'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 Kroger's market value can be influenced by many factors that don't directly affect Kroger'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 Kroger's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kroger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kroger'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.