Big Lots Debt Current vs Current Assets Analysis

BIG
 Stock
  

USD 26.30  0.09  0.34%   

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

Debt Current vs Current Assets

Debt Current vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Big Lots Debt Current account and Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Big Lots' Debt Current and Current Assets is 0.92. Overlapping area represents the amount of variation of Debt Current that can explain the historical movement of Current Assets in the same time period over historical financial statements of Big Lots, assuming nothing else is changed. The correlation between historical values of Big Lots' Debt Current and 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 Debt Current of Big Lots are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Debt Current i.e., Big Lots' Debt Current and Current Assets go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Debt Current

The current portion of Total Debt; reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Current Assets

Current assets of Big Lots include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Big Lots. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
Most indicators from Big Lots fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Big Lots 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 Lots Enterprise Value over EBITDA is projected to slightly decrease based on the last few years of reporting. The past year's Enterprise Value over EBITDA was at 4.55
 2010 2014 2020 2022 (projected)
Consolidated Income125.3 M242.46 M177.78 M153.71 M
Direct Expenses3.24 B3.21 B3.75 B3.62 B

Big Lots fundamental ratios Correlations

1.00.610.980.48-0.310.440.940.440.90.41.00.550.740.481.00.49-0.24-0.47
1.00.640.960.51-0.350.470.950.480.880.381.00.580.770.521.00.52-0.28-0.44
0.610.640.420.99-0.930.980.510.980.2-0.210.611.00.980.990.640.99-0.920.41
0.980.960.420.28-0.090.230.920.240.970.490.980.350.580.280.960.29-0.02-0.65
0.480.510.990.28-0.971.00.381.00.05-0.30.481.00.941.00.511.0-0.970.55
-0.31-0.35-0.93-0.09-0.97-0.97-0.27-0.970.140.32-0.31-0.95-0.86-0.97-0.35-0.970.99-0.67
0.440.470.980.231.0-0.970.341.00.0-0.340.440.990.931.00.471.0-0.980.59
0.940.950.510.920.38-0.270.340.340.850.570.940.450.660.380.950.39-0.17-0.53
0.440.480.980.241.0-0.971.00.340.01-0.330.440.990.931.00.481.0-0.970.58
0.90.880.20.970.050.140.00.850.010.560.90.130.370.050.880.060.21-0.8
0.40.38-0.210.49-0.30.32-0.340.57-0.330.560.4-0.25-0.07-0.310.38-0.30.42-0.71
1.01.00.610.980.48-0.310.440.940.440.90.40.550.740.481.00.49-0.24-0.47
0.550.581.00.351.0-0.950.990.450.990.13-0.250.550.971.00.581.0-0.940.48
0.740.770.980.580.94-0.860.930.660.930.37-0.070.740.970.940.770.95-0.830.24
0.480.520.990.281.0-0.971.00.381.00.05-0.310.481.00.940.521.0-0.970.55
1.01.00.640.960.51-0.350.470.950.480.880.381.00.580.770.520.52-0.28-0.44
0.490.520.990.291.0-0.971.00.391.00.06-0.30.491.00.951.00.52-0.960.54
-0.24-0.28-0.92-0.02-0.970.99-0.98-0.17-0.970.210.42-0.24-0.94-0.83-0.97-0.28-0.96-0.74
-0.47-0.440.41-0.650.55-0.670.59-0.530.58-0.8-0.71-0.470.480.240.55-0.440.54-0.74
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Big Lots Account Relationship Matchups

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Our tools can tell you how much better you can do entering a position in Big Lots without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Big Lots

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

Moving against Big Lots

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The ability to find closely correlated positions to Big Lots 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 Lots 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 Lots - 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 Lots to buy it.
The correlation of Big Lots 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 Lots moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Big Lots 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 Lots 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 Lots information on this page should be used as a complementary analysis to other Big Lots' 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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Is Big Lots' 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 Lots. If investors know Big Lots 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 Lots 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
-0.37
Market Capitalization
763.1 M
Quarterly Revenue Growth YOY
-0.15
Return On Assets
0.017
Return On Equity
0.0642
The market value of Big Lots is measured differently than its book value, which is the value of Big Lots that is recorded on the company's balance sheet. Investors also form their own opinion of Big Lots' value that differs from its market value or its book value, called intrinsic value, which is Big Lots' 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 Lots' market value can be influenced by many factors that don't directly affect Big Lots' 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 Lots' value and its price as these two are different measures arrived at by different means. Investors typically determine Big Lots value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Big Lots' 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.