Better Debt Current vs Total Debt Analysis

BTTR
 Stock
  

USD 1.93  0.02  1.03%   

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

Debt Current vs Total Debt

Debt Current vs Total Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Better Choice Debt Current account and Total Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Better Choice's Debt Current and Total Debt is 0.88. Overlapping area represents the amount of variation of Debt Current that can explain the historical movement of Total Debt in the same time period over historical financial statements of Better Choice, assuming nothing else is changed. The correlation between historical values of Better Choice's Debt Current 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 Debt Current of Better Choice 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 Debt Current i.e., Better Choice's Debt Current and Total Debt go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Debt Current

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

Total Debt

Total Debt of Better Choice is a combination of both Better Choice 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 Better Choice 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 Better Choice fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Better Choice 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.Better Choice Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Better Choice reported last year Selling General and Administrative Expense of 28.51 Million. As of 07/06/2022, Issuance Purchase of Equity Shares is likely to grow to about 43.4 M, while Net Cash Flow Business Acquisitions and Disposals is likely to drop (19.5 M).
 2019 2020 2021 2022 (projected)
Interest Expense670 K9.25 M3.22 M3.47 M
Gross Profit5.86 M16.11 M15.37 M12.39 M

Better Choice fundamental ratios Correlations

0.960.960.850.670.39-0.360.970.62-0.880.920.620.55-0.360.930.690.98
0.960.840.960.450.18-0.550.880.79-0.950.810.410.33-0.550.90.50.9
0.960.840.660.840.58-0.130.990.38-0.730.960.790.73-0.130.880.840.98
0.850.960.660.18-0.08-0.70.710.91-0.960.620.150.08-0.70.780.250.75
0.670.450.840.180.880.310.79-0.15-0.270.870.940.930.310.680.930.75
0.390.180.58-0.080.880.270.51-0.30.090.70.720.730.270.520.910.5
-0.36-0.55-0.13-0.70.310.27-0.21-0.90.5-0.150.480.551.0-0.330.04-0.3
0.970.880.990.710.790.51-0.210.45-0.770.950.740.67-0.210.880.790.99
0.620.790.380.91-0.15-0.3-0.90.45-0.810.33-0.23-0.31-0.90.520.030.52
-0.88-0.95-0.73-0.96-0.270.090.5-0.77-0.81-0.63-0.31-0.230.5-0.75-0.27-0.78
0.920.810.960.620.870.7-0.150.950.33-0.630.790.74-0.150.940.880.96
0.620.410.790.150.940.720.480.74-0.23-0.310.790.990.480.620.770.68
0.550.330.730.080.930.730.550.67-0.31-0.230.740.990.550.570.730.61
-0.36-0.55-0.13-0.70.310.271.0-0.21-0.90.5-0.150.480.55-0.330.04-0.3
0.930.90.880.780.680.52-0.330.880.52-0.750.940.620.57-0.330.70.9
0.690.50.840.250.930.910.040.790.03-0.270.880.770.730.040.70.79
0.980.90.980.750.750.5-0.30.990.52-0.780.960.680.61-0.30.90.79
Click cells to compare fundamentals

Better Choice Account Relationship Matchups

Be your own money manager

Our tools can tell you how much better you can do entering a position in Better Choice without increasing your portfolio risk or giving up 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 Better Choice

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

Better Choice Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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 Better Choice information on this page should be used as a complementary analysis to other Better Choice'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Better Choice'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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
63.1 M
Quarterly Revenue Growth YOY
0.57
Return On Assets
-0.16
Return On Equity
1.11
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine Better Choice value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.