Big 5 Total Liabilities vs Total Debt Analysis

BGFV
 Stock
  

USD 11.01  0.20  1.78%   

Big 5 financial indicator trend analysis is way more than just evaluating Big 5 Sporting prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Big 5 Sporting is a good investment. Please check the relationship between Big 5 Total Liabilities and its Total Debt accounts. 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 Big 5 Sporting Total Liabilities account and Total Debt. At this time, the significance of the direction appears to have totally related.
The correlation between Big 5's Total Liabilities and Total Debt is 0.99. 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 Big 5 Sporting, assuming nothing else is changed. The correlation between historical values of Big 5's 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 Big 5 Sporting 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., Big 5's Total Liabilities and Total Debt go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liabilities

Deferred Income Tax is recorded on Big 5 Sporting 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 Big 5 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; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Total Debt

Total Debt of Big 5 Sporting is a combination of both Big 5 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 Big 5 Sporting 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 Big 5 fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big 5 Sporting 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. Continue to Trending Equities.Big 5 Selling General and Administrative Expense is fairly stable at the moment as compared to the past year. Big 5 reported Selling General and Administrative Expense of 299.81 Million in 2021. Issuance Repayment of Debt Securities is likely to climb to about 19.8 M in 2022, whereas Issuance Purchase of Equity Shares is likely to drop (6.9 M) in 2022.
 2012 2017 2018 2022 (projected)
Consolidated Income16.89 M1.1 M102.39 M54.47 M
Direct Expenses696.78 M686.3 M725.99 M743.31 M

Big 5 fundamental ratios Correlations

-0.690.86-0.120.12-0.21-0.21-0.29-0.23-0.32-0.60.09-0.241.0-0.190.07-0.330.86-0.22-0.69-0.01
-0.69-0.40.720.550.780.770.80.780.810.010.57-0.28-0.690.750.580.81-0.40.781.0-0.5
0.86-0.40.230.410.150.150.010.12-0.04-0.880.5-0.220.860.130.45-0.071.00.14-0.4-0.16
-0.120.720.230.971.01.00.970.990.95-0.620.94-0.42-0.120.990.970.950.231.00.72-0.88
0.120.550.410.970.940.940.910.940.89-0.740.94-0.490.120.950.970.880.410.940.55-0.91
-0.210.780.151.00.941.00.981.00.96-0.560.92-0.38-0.210.990.950.950.151.00.78-0.86
-0.210.770.151.00.941.00.981.00.97-0.560.92-0.38-0.211.00.950.960.151.00.77-0.87
-0.290.80.010.970.910.980.980.991.0-0.430.83-0.39-0.290.990.881.00.010.990.8-0.91
-0.230.780.120.990.941.01.00.990.98-0.540.91-0.38-0.231.00.940.970.121.00.78-0.88
-0.320.81-0.040.950.890.960.971.00.98-0.380.8-0.39-0.320.980.851.0-0.040.970.81-0.91
-0.60.01-0.88-0.62-0.74-0.56-0.56-0.43-0.54-0.38-0.80.4-0.6-0.54-0.78-0.36-0.88-0.540.010.52
0.090.570.50.940.940.920.920.830.910.8-0.8-0.380.090.90.990.780.50.910.57-0.74
-0.24-0.28-0.22-0.42-0.49-0.38-0.38-0.39-0.38-0.390.4-0.38-0.24-0.42-0.41-0.4-0.22-0.39-0.280.43
1.0-0.690.86-0.120.12-0.21-0.21-0.29-0.23-0.32-0.60.09-0.24-0.190.07-0.330.86-0.22-0.69-0.01
-0.190.750.130.990.950.991.00.991.00.98-0.540.9-0.42-0.190.940.980.131.00.75-0.91
0.070.580.450.970.970.950.950.880.940.85-0.780.99-0.410.070.940.840.450.940.58-0.81
-0.330.81-0.070.950.880.950.961.00.971.0-0.360.78-0.4-0.330.980.84-0.070.970.81-0.91
0.86-0.41.00.230.410.150.150.010.12-0.04-0.880.5-0.220.860.130.45-0.070.14-0.4-0.16
-0.220.780.141.00.941.01.00.991.00.97-0.540.91-0.39-0.221.00.940.970.140.78-0.88
-0.691.0-0.40.720.550.780.770.80.780.810.010.57-0.28-0.690.750.580.81-0.40.78-0.5
-0.01-0.5-0.16-0.88-0.91-0.86-0.87-0.91-0.88-0.910.52-0.740.43-0.01-0.91-0.81-0.91-0.16-0.88-0.5
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Big 5 Account Relationship Matchups

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Pair Trading with Big 5

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 Big 5 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 Big 5 will appreciate offsetting losses from the drop in the long position's value.

Big 5 Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Big 5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big 5 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 Big 5 - 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 Big 5 Sporting to buy it.
The correlation of Big 5 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 Big 5 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big 5 Sporting 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 Big 5 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
Continue to Trending Equities. Note that the Big 5 Sporting information on this page should be used as a complementary analysis to other Big 5's 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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Is Big 5'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 Big 5. If investors know Big 5 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 Big 5 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 YOY
-0.57
Market Capitalization
245.8 M
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.1
Return On Equity
0.35
The market value of Big 5 Sporting is measured differently than its book value, which is the value of Big 5 that is recorded on the company's balance sheet. Investors also form their own opinion of Big 5's value that differs from its market value or its book value, called intrinsic value, which is Big 5'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 Big 5's market value can be influenced by many factors that don't directly affect Big 5'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 Big 5's value and its price as these two are different measures arrived at by different means. Investors typically determine Big 5 value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Big 5'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.