Academy Total Liabilities vs Total Debt Analysis

ASO
 Stock
  

USD 43.06  1.67  3.73%   

Academy Sports financial indicator trend analysis is way more than just evaluating Academy Sports And prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Academy Sports And is a good investment. Please check the relationship between Academy Sports Total Liabilities and its Total Debt accounts. Please continue to Trending Equities.

Total Liabilities vs Total Debt

Total Liabilities vs Total Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Academy Sports And Total Liabilities account and Total Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Academy Sports' Total Liabilities and Total Debt is 0.81. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Total Debt in the same time period over historical financial statements of Academy Sports And, assuming nothing else is changed. The correlation between historical values of Academy Sports' Total Liabilities and Total 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 Liabilities of Academy Sports And are associated (or correlated) with its Total Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Debt has no effect on the direction of Total Liabilities i.e., Academy Sports' Total Liabilities and Total Debt go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Liabilities

Deferred Income Tax is recorded on Academy Sports And balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Academy Sports books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Total Debt

Total Debt of Academy Sports And is a combination of both Academy Sports short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Academy Sports And includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.
Most indicators from Academy Sports fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Academy Sports And 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. Please continue to Trending Equities.Academy Sports Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 1.45 Billion. Net Cash Flow Business Acquisitions and Disposals is expected to rise to about 10.1 M this year, although the value of Issuance Purchase of Equity Shares is projected to rise to (80 M).
 2010 2020 2022 (projected)
Cost of Revenue3.4 B4.42 B4.41 B
Consolidated Income120.04 M671.38 M515.87 M

Academy Sports fundamental ratios Correlations

0.95-0.50.96-0.93-0.95-0.930.930.720.86-0.550.99-0.920.99-0.730.97-0.71
0.95-0.751.0-1.0-1.0-1.01.00.450.98-0.790.98-1.00.98-0.911.0-0.45
-0.5-0.75-0.730.780.750.78-0.780.25-0.871.0-0.610.8-0.610.96-0.71-0.25
0.961.0-0.73-1.0-1.0-1.01.00.490.97-0.760.99-0.990.99-0.91.0-0.48
-0.93-1.00.78-1.01.01.0-1.0-0.42-0.990.81-0.971.0-0.970.93-0.990.41
-0.95-1.00.75-1.01.01.0-1.0-0.46-0.980.78-0.981.0-0.980.91-1.00.45
-0.93-1.00.78-1.01.01.0-1.0-0.42-0.990.81-0.971.0-0.970.93-0.990.41
0.931.0-0.781.0-1.0-1.0-1.00.410.99-0.810.97-1.00.97-0.930.99-0.41
0.720.450.250.49-0.42-0.46-0.420.410.260.190.62-0.390.62-0.040.51-1.0
0.860.98-0.870.97-0.99-0.98-0.990.990.26-0.90.92-0.990.92-0.980.96-0.26
-0.55-0.791.0-0.760.810.780.81-0.810.19-0.9-0.650.83-0.650.97-0.74-0.2
0.990.98-0.610.99-0.97-0.98-0.970.970.620.92-0.65-0.961.0-0.810.99-0.61
-0.92-1.00.8-0.991.01.01.0-1.0-0.39-0.990.83-0.96-0.960.94-0.990.38
0.990.98-0.610.99-0.97-0.98-0.970.970.620.92-0.651.0-0.96-0.810.99-0.62
-0.73-0.910.96-0.90.930.910.93-0.93-0.04-0.980.97-0.810.94-0.81-0.880.04
0.971.0-0.711.0-0.99-1.0-0.990.990.510.96-0.740.99-0.990.99-0.88-0.51
-0.71-0.45-0.25-0.480.410.450.41-0.41-1.0-0.26-0.2-0.610.38-0.620.04-0.51
Click cells to compare fundamentals

Academy Sports Account Relationship Matchups

Academy Sports Investors Sentiment

The influence of Academy Sports' 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 Academy. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Academy Sports 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, Academy Sports' short interest history, or implied volatility extrapolated from Academy Sports options trading.

Pair Trading with Academy Sports

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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.

Moving together with Academy Sports

0.81DKSDicks Sporting Goods Normal TradingPairCorr

Moving against Academy Sports

0.55KIRKKirklands Normal TradingPairCorr
The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports And to buy it.
The correlation of Academy Sports is a statistical measure of how it moves in relation to other equities. 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports And 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 Academy Sports 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 CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Academy Sports And information on this page should be used as a complementary analysis to other Academy Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Academy Sports And price analysis, check to measure Academy Sports' 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 Academy Sports is operating at the current time. Most of Academy Sports' value examination focuses on studying past and present price action to predict the probability of Academy Sports' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Academy Sports' price. Additionally, you may evaluate how the addition of Academy Sports to your portfolios can decrease your overall portfolio volatility.
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Is Academy Sports' 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 Academy Sports. If investors know Academy 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 Academy Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Academy Sports And is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine Academy Sports value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.