Academy Net Debt from 2010 to 2024
| ASO Stock | USD 48.85 0.84 1.75% |
Net Debt | First Reported 2010-12-31 | Previous Quarter 1.3 B | Current Value 1.3 B | Quarterly Volatility 281.5 M |
Check Academy Sports financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Academy Sports' main balance sheet or income statement drivers, such as Tax Provision of 88.1 M, Depreciation And Amortization of 94.4 M or Interest Expense of 62 M, as well as many indicators such as Price To Sales Ratio of 0.24, Dividend Yield of 0.13 or Days Sales Outstanding of 1.06. Academy financial statements analysis is a perfect complement when working with Academy Sports Valuation or Volatility modules.
Academy | Net Debt |
Latest Academy Sports' Net Debt Growth Pattern
Below is the plot of the Net Debt of Academy Sports Outdoors over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Academy Sports' Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Academy Sports' overall financial position and show how it may be relating to other accounts over time.
| Net Debt | 10 Years Trend |
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Net Debt |
| Timeline |
Academy Net Debt Regression Statistics
| Arithmetic Mean | 1,571,372,964 | |
| Geometric Mean | 1,553,039,900 | |
| Coefficient Of Variation | 17.92 | |
| Mean Deviation | 136,941,743 | |
| Median | 1,549,369,000 | |
| Standard Deviation | 281,542,703 | |
| Sample Variance | 79266.3T | |
| Range | 1.2B | |
| R-Value | (0.11) | |
| Mean Square Error | 84312.9T | |
| R-Squared | 0.01 | |
| Significance | 0.69 | |
| Slope | (6,984,663) | |
| Total Sum of Squares | 1109728.1T |
Academy Net Debt History
Other Fundumenentals of Academy Sports Outdoors
Academy Sports Net Debt component correlations
Click cells to compare fundamentals
About Academy Sports Financial Statements
Academy Sports investors utilize fundamental indicators, such as Net Debt, to predict how Academy Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt | 1.3 B | 1.3 B | |
| Net Debt To EBITDA | 1.71 | 7.32 |
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 Stock
Moving against Academy Stock
| 0.74 | GME | GameStop Corp Earnings Call This Week | PairCorr |
| 0.69 | BH | Biglari Holdings | PairCorr |
| 0.65 | JFBR | Jeffs Brands | PairCorr |
| 0.62 | ABG | Asbury Automotive | PairCorr |
| 0.59 | GLBE | Global E Online | PairCorr |
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.Check out the analysis of Academy Sports Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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 6.44 | 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.