Academy Long Term Debt vs Other Assets Analysis

ASO Stock  USD 45.79  0.53  1.17%   
Academy Sports financial indicator trend analysis is way more than just evaluating Academy Sports Outdoors prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Academy Sports Outdoors is a good investment. Please check the relationship between Academy Sports Long Term Debt and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Long Term Debt vs Other Assets

Long Term Debt vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Academy Sports Outdoors Long Term Debt account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Academy Sports' Long Term Debt and Other Assets is 0.77. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Other Assets in the same time period over historical financial statements of Academy Sports Outdoors, assuming nothing else is changed. The correlation between historical values of Academy Sports' Long Term Debt and Other 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 Academy Sports Outdoors are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Long Term Debt i.e., Academy Sports' Long Term Debt and Other Assets go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Academy Sports Outdoors has held for over one year. Long-term debt appears on Academy Sports Outdoors 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 Academy Sports Outdoors 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.

Other Assets

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 Outdoors 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
At this time, Academy Sports' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 21st of November 2024, Enterprise Value Over EBITDA is likely to grow to 10.72, while Tax Provision is likely to drop about 88.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense49.0M46.4M46.1M62.0M
Depreciation And Amortization99.7M106.7M110.9M94.4M

Academy Sports fundamental ratios Correlations

-0.120.480.590.05-0.17-0.28-0.36-0.02-0.310.410.070.04-0.08-0.590.380.180.04-0.260.810.51-0.58-0.57-0.150.07-0.39
-0.120.43-0.760.870.880.520.920.980.9-0.020.810.920.99-0.29-0.74-0.930.920.68-0.540.530.350.330.90.90.89
0.480.430.190.230.05-0.40.070.580.040.870.150.230.54-0.40.02-0.130.23-0.240.20.99-0.34-0.410.090.66-0.02
0.59-0.760.19-0.65-0.87-0.81-0.92-0.65-0.910.51-0.63-0.7-0.68-0.190.710.87-0.7-0.730.740.09-0.65-0.73-0.86-0.46-0.94
0.050.870.23-0.650.850.560.790.830.79-0.250.990.960.83-0.58-0.66-0.90.960.73-0.360.350.170.120.850.820.82
-0.170.880.05-0.870.850.860.940.810.97-0.410.820.930.81-0.11-0.75-0.990.930.84-0.480.20.440.611.00.620.95
-0.280.52-0.4-0.810.560.860.760.40.82-0.750.580.670.40.18-0.57-0.790.670.8-0.36-0.250.530.790.840.140.79
-0.360.920.07-0.920.790.940.760.830.99-0.350.750.870.85-0.07-0.77-0.950.870.8-0.660.180.640.590.950.680.99
-0.020.980.58-0.650.830.810.40.830.810.150.760.871.0-0.32-0.67-0.870.870.56-0.450.660.210.230.830.930.8
-0.310.90.04-0.910.790.970.820.990.81-0.390.740.880.83-0.04-0.77-0.970.880.83-0.60.170.610.640.980.630.98
0.41-0.020.870.51-0.25-0.41-0.75-0.350.15-0.39-0.31-0.270.13-0.170.370.34-0.27-0.650.330.78-0.44-0.56-0.380.28-0.45
0.070.810.15-0.630.990.820.580.750.760.74-0.310.930.76-0.6-0.62-0.870.930.72-0.310.280.140.090.820.760.79
0.040.920.23-0.70.960.930.670.870.870.88-0.270.930.87-0.45-0.76-0.951.00.83-0.390.370.260.30.940.790.88
-0.080.990.54-0.680.830.810.40.851.00.830.130.760.87-0.3-0.7-0.870.870.58-0.510.630.240.250.830.940.82
-0.59-0.29-0.4-0.19-0.58-0.110.18-0.07-0.32-0.04-0.17-0.6-0.45-0.30.020.19-0.45-0.12-0.27-0.440.270.69-0.14-0.56-0.07
0.38-0.740.020.71-0.66-0.75-0.57-0.77-0.67-0.770.37-0.62-0.76-0.70.020.77-0.76-0.90.78-0.05-0.25-0.55-0.74-0.57-0.82
0.18-0.93-0.130.87-0.9-0.99-0.79-0.95-0.87-0.970.34-0.87-0.95-0.870.190.77-0.95-0.820.52-0.27-0.41-0.52-0.99-0.72-0.96
0.040.920.23-0.70.960.930.670.870.870.88-0.270.931.00.87-0.45-0.76-0.950.83-0.390.370.260.30.940.790.88
-0.260.68-0.24-0.730.730.840.80.80.560.83-0.650.720.830.58-0.12-0.9-0.820.83-0.6-0.120.370.590.830.420.85
0.81-0.540.20.74-0.36-0.48-0.36-0.66-0.45-0.60.33-0.31-0.39-0.51-0.270.780.52-0.39-0.60.2-0.52-0.54-0.47-0.39-0.69
0.510.530.990.090.350.2-0.250.180.660.170.780.280.370.63-0.44-0.05-0.270.37-0.120.2-0.29-0.330.240.710.1
-0.580.35-0.34-0.650.170.440.530.640.210.61-0.440.140.260.240.27-0.25-0.410.260.37-0.52-0.290.550.470.080.59
-0.570.33-0.41-0.730.120.610.790.590.230.64-0.560.090.30.250.69-0.55-0.520.30.59-0.54-0.330.550.58-0.10.61
-0.150.90.09-0.860.851.00.840.950.830.98-0.380.820.940.83-0.14-0.74-0.990.940.83-0.470.240.470.580.650.96
0.070.90.66-0.460.820.620.140.680.930.630.280.760.790.94-0.56-0.57-0.720.790.42-0.390.710.08-0.10.650.65
-0.390.89-0.02-0.940.820.950.790.990.80.98-0.450.790.880.82-0.07-0.82-0.960.880.85-0.690.10.590.610.960.65
Click cells to compare fundamentals

Academy Sports Account Relationship Matchups

Academy Sports fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding90.4M91.1M94.3M83.9M77.5M68.7M
Total Assets4.3B4.4B4.6B4.6B4.7B4.7B
Short Long Term Debt Total2.7B2.0B1.8B1.8B1.7B1.6B
Other Current Liab141.2M78.5M91.0M7.1M(5.9M)(5.6M)
Total Current Liabilities750.6M1.2B1.1B1.0B879.9M1.0B
Total Stockholder Equity(8.1M)1.1B1.5B1.6B2.0B1.1B
Other Liab20.0M173.8M229.6M271.8M312.5M183.9M
Net Tangible Assets(450.7M)(326.9M)27.8M188.7M217.0M227.8M
Property Plant And Equipment Net1.6B1.5B1.4B1.5B1.6B1.5B
Current Deferred Revenue70.2M76.8M88.7M92.6M96.7M90.3M
Net Debt2.5B1.6B1.4B1.4B1.3B1.3B
Accounts Payable428.8M791.4M737.8M686.5M541.1M663.2M
Cash149.4M377.6M486.0M337.1M347.9M325.2M
Non Current Assets Total3.0B3.0B2.9B2.9B3.0B3.1B
Non Currrent Assets Other15.8M8.6M4.7M17.6M35.2M19.0M
Other Assets15.8M8.6M4.7M17.6M1.00.95
Long Term Debt1.4B781.5M683.6M584.5M484.6M735.9M
Cash And Short Term Investments149.4M377.6M486.0M337.1M347.9M325.2M
Net Receivables14.0M17.3M19.7M16.5M19.4M18.8M
Liabilities And Stockholders Equity3.3B4.4B4.6B4.6B4.7B4.4B
Non Current Liabilities Total2.6B2.1B2.0B1.9B1.8B1.6B
Capital Lease Obligations1.2B1.2B1.2B1.2B1.2B1.1B
Inventory1.1B990.0M1.2B1.3B1.2B1.3B
Other Current Assets24.5M30.1M38.2M49.5M83.5M48.7M
Other Stockholder Equity8.1M127.2M198.0M216.2M242.1M143.6M
Total Liab3.3B3.3B3.1B3.0B2.7B3.3B
Deferred Long Term Liab3.4M138.7M217.2M259.0M297.9M312.8M
Net Invested Capital2.5B1.9B2.2B2.2B2.4B1.8B
Property Plant And Equipment Gross1.6B1.5B1.4B1.5B2.8B1.7B
Total Current Assets1.3B1.4B1.7B1.7B1.6B1.7B
Non Current Liabilities Other19.2M1.2B1.1B1.1B11.6M11.0M
Net Working Capital538.8M247.9M588.6M648.0M765.0M618.0M
Short Term Debt110.4M164.7M169.2M221.2M238.7M178.3M
Common Stock996.3M911K870K767K743K705.9K
Property Plant Equipment1.6B378.3M345.8M351.4M316.3M505.4M

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 against Academy Stock

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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 Outdoors to buy it.
The correlation of Academy Sports is a statistical measure of how it moves in relation to other instruments. 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 Outdoors 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
When determining whether Academy Sports Outdoors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Academy Sports' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Academy Sports Outdoors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Academy Sports Outdoors Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Other Specialty Retail space 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.
Quarterly Earnings Growth
(0.03)
Dividend Share
0.42
Earnings Share
6.33
Revenue Per Share
82.956
Quarterly Revenue Growth
(0.02)
The market value of Academy Sports Outdoors 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 if Academy Sports is a good investment 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.