| BGFV Stock | | | USD 1.77 0.07 4.12% |
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 Assets and its Net Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
Total Assets vs Net Debt
Total Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Big 5 Sporting Total Assets account and
Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Big 5's Total Assets and Net Debt is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net 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 Assets and Net 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 Assets of Big 5 Sporting are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Big 5's Total Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Big 5 assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Big 5 Sporting books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Net Debt
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.
Most indicators from Big 5's 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. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Big 5 Sporting. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
At this time, Big 5's
Selling General Administrative is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to climb to 52.13 in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.21 in 2024.
Big 5 fundamental ratios Correlations
Click cells to compare fundamentals
Big 5 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Big 5 fundamental ratios Accounts
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Additional Tools for Big Stock Analysis
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