Ross Long Term Debt vs Total Current Assets Analysis
ROST Stock | USD 133.48 1.39 1.03% |
Ross Stores financial indicator trend analysis is much more than just breaking down Ross Stores prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ross Stores is a good investment. Please check the relationship between Ross Stores 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 Ross Stores. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.
Long Term Debt vs Total Current Assets
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 Ross Stores Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ross Stores' Long Term Debt and Total Current Assets is 0.93. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ross Stores, assuming nothing else is changed. The correlation between historical values of Ross Stores' 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 Long Term Debt of Ross Stores 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 Long Term Debt i.e., Ross Stores' Long Term Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Ross Stores has held for over one year. Long-term debt appears on Ross Stores 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 Ross Stores 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.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 Ross Stores' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ross Stores 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 Ross Stores. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.Selling General Administrative is likely to gain to about 3.4 B in 2024, whereas Tax Provision is likely to drop slightly above 476 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.2B | 4.7B | 5.6B | 5.9B | Total Revenue | 18.9B | 18.7B | 20.4B | 21.4B |
Ross Stores fundamental ratios Correlations
Click cells to compare fundamentals
Ross Stores Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ross Stores fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.3B | 12.7B | 13.6B | 13.4B | 14.3B | 15.0B | |
Short Long Term Debt Total | 3.5B | 5.7B | 5.6B | 5.7B | 5.7B | 6.0B | |
Other Current Liab | 841.0M | 1.0B | 1.2B | 970.3M | 1.2B | 1.3B | |
Total Current Liabilities | 2.7B | 4.0B | 4.2B | 3.6B | 4.2B | 4.4B | |
Total Stockholder Equity | 3.4B | 3.3B | 4.1B | 4.3B | 4.9B | 5.1B | |
Property Plant And Equipment Net | 5.7B | 5.8B | 5.9B | 6.3B | 6.7B | 7.0B | |
Net Debt | 2.1B | 913.5M | 699.8M | 1.2B | 860.8M | 903.8M | |
Retained Earnings | 2.3B | 2.2B | 2.9B | 3.0B | 3.5B | 3.7B | |
Cash | 1.4B | 4.8B | 4.9B | 4.6B | 4.9B | 5.1B | |
Non Current Assets Total | 5.9B | 6.0B | 6.2B | 6.5B | 6.9B | 7.2B | |
Non Currrent Assets Other | (149.5B) | (121.6B) | (137.4B) | (216.8B) | 194.7M | 204.5M | |
Cash And Short Term Investments | 1.4B | 4.8B | 4.9B | 4.6B | 4.9B | 5.1B | |
Net Receivables | 102.2M | 115.1M | 119.2M | 145.7M | 130.8M | 137.3M | |
Common Stock Shares Outstanding | 361.2M | 354.6M | 353.7M | 345.2M | 337.4M | 477.1M | |
Liabilities And Stockholders Equity | 9.3B | 12.7B | 13.6B | 13.4B | 14.3B | 15.0B | |
Non Current Liabilities Total | 3.3B | 5.5B | 5.4B | 5.5B | 5.2B | 5.5B | |
Inventory | 1.8B | 1.5B | 2.3B | 2.0B | 2.2B | 2.3B | |
Other Current Assets | 147.0M | 249.1M | 169.3M | 183.7M | 188.2M | 197.6M | |
Other Stockholder Equity | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | |
Total Liab | 6.0B | 9.4B | 9.6B | 9.1B | 9.4B | 9.9B | |
Total Current Assets | 3.4B | 6.7B | 7.5B | 6.9B | 7.4B | 7.8B | |
Accounts Payable | 1.3B | 2.3B | 2.4B | 2.0B | 2.0B | 2.1B | |
Common Stock | 3.6M | 3.6M | 3.5M | 3.4M | 3.4M | 2.2M | |
Current Deferred Revenue | 85.8B | 124.3B | 149.7B | 76.4M | 87.8M | 83.4M | |
Other Liab | 363.8M | 390.4M | 373.7M | 441.2M | 507.3M | 443.3M | |
Net Tangible Assets | 3.4B | 3.3B | 4.1B | 6.9B | 7.9B | 4.6B | |
Other Assets | 208.3M | 230.1M | 241.3M | 232.1M | 266.9M | 243.4M | |
Long Term Debt | 312.9M | 2.4B | 2.5B | 2.5B | 2.2B | 1.9B | |
Net Invested Capital | 3.7B | 5.8B | 6.5B | 2.5B | 7.3B | 5.4B | |
Capital Stock | 3.6M | 3.6M | 3.5M | 3.4M | 3.4M | 2.8M | |
Non Current Liabilities Other | 6.7M | 7.2M | 6.8M | 224.1M | 10.8M | 10.2M | |
Net Working Capital | 730.9M | 2.7B | 3.3B | 3.3B | 3.2B | 2.7B | |
Property Plant Equipment | 5.7B | 5.8B | 5.9B | 3.2B | 3.7B | 5.1B |
Currently Active Assets on Macroaxis
When determining whether Ross Stores is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ross Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ross Stores Stock. Highlighted below are key reports to facilitate an investment decision about Ross Stores Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ross Stores. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Ross Stock please use our How to Invest in Ross Stores guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Ross Stock analysis
When running Ross Stores' price analysis, check to measure Ross Stores' 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 Ross Stores is operating at the current time. Most of Ross Stores' value examination focuses on studying past and present price action to predict the probability of Ross Stores' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ross Stores' price. Additionally, you may evaluate how the addition of Ross Stores to your portfolios can decrease your overall portfolio volatility.
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Transaction History View history of all your transactions and understand their impact on performance | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
Stocks Directory Find actively traded stocks across global markets | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device |
Is Ross Stores' 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 Ross Stores. If investors know Ross 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 Ross Stores 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 0.401 | Dividend Share 1.34 | Earnings Share 5.57 | Revenue Per Share 60.793 | Quarterly Revenue Growth 0.155 |
The market value of Ross Stores is measured differently than its book value, which is the value of Ross that is recorded on the company's balance sheet. Investors also form their own opinion of Ross Stores' value that differs from its market value or its book value, called intrinsic value, which is Ross Stores' 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 Ross Stores' market value can be influenced by many factors that don't directly affect Ross Stores' 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 Ross Stores' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ross Stores is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ross Stores' 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.