Roots Long Term Debt Total vs Net Receivables Analysis

ROOT Stock

CAD 2.00 0.03 1.48%

Roots Corp financial indicator trend analysis is much more than just breaking down Roots Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roots Corp is a good investment. Please check the relationship between Roots Corp Long Term Debt Total and its Net Receivables accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roots Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Long Term Debt Total vs Net Receivables

Long Term Debt Total vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roots Corp Long Term Debt Total account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Roots Corp's Long Term Debt Total and Net Receivables is 0.57. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Roots Corp, assuming nothing else is changed. The correlation between historical values of Roots Corp's Long Term Debt Total and Net Receivables 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 Total of Roots Corp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Debt Total i.e., Roots Corp's Long Term Debt Total and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Debt Total

Net Receivables

Most indicators from Roots Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roots Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roots Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Roots Corp's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 4th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.71, while Tax Provision is likely to drop about 774.2 K.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	30.0M	29.3M	29.7M	24.5M
Interest Income	8.8M	8.8M	569K	540.6K

Depreciation And Amortization Interest Income

Roots Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Inventory
Total Assets		0.86	0.04	0.87	-0.74	-0.35	0.71	0.93	0.86	0.78	-0.6	0.55	0.19	0.9	-0.72	-0.36	-0.61	0.19	0.64	-0.8	0.28	-0.36	0.77	0.81	0.74	0.5
Short Long Term Debt Total	0.86		-0.3	0.68	-0.84	-0.63	0.41	0.9	0.62	0.96	-0.91	0.31	0.02	0.89	-0.81	0.02	-0.35	0.02	0.62	-0.75	0.1	-0.13	0.97	0.98	0.49	0.21
Other Current Liab	0.04	-0.3		0.13	0.49	0.52	0.3	-0.11	0.21	-0.42	0.5	0.19	0.47	-0.2	0.06	-0.45	-0.15	0.47	-0.28	0.13	-0.1	0.1	-0.42	-0.35	0.21	0.23
Total Current Liabilities	0.87	0.68	0.13		-0.51	-0.34	0.9	0.91	0.97	0.54	-0.49	0.84	0.45	0.62	-0.8	-0.41	-0.86	0.45	0.53	-0.89	0.32	-0.15	0.56	0.54	0.93	0.63
Total Stockholder Equity	-0.74	-0.84	0.49	-0.51		0.71	-0.36	-0.7	-0.46	-0.81	0.76	-0.26	0.01	-0.78	0.55	-0.08	0.32	0.01	-0.64	0.73	-0.28	0.55	-0.84	-0.84	-0.3	-0.14
Other Liab	-0.35	-0.63	0.52	-0.34	0.71		-0.27	-0.48	-0.19	-0.52	0.67	-0.31	-0.32	-0.29	0.49	-0.53	0.26	-0.32	-0.22	0.69	-0.29	0.2	-0.7	-0.56	-0.15	0.03
Net Tangible Assets	0.71	0.41	0.3	0.9	-0.36	-0.27		0.72	0.9	0.22	-0.15	0.86	0.67	0.37	-0.51	-0.47	-0.96	0.67	0.35	-0.85	0.58	-0.34	0.31	0.25	0.92	0.57
Property Plant And Equipment Net	0.93	0.9	-0.11	0.91	-0.7	-0.48	0.72		0.88	0.82	-0.75	0.57	0.21	0.83	-0.83	-0.28	-0.69	0.21	0.66	-0.88	0.31	-0.13	0.84	0.81	0.81	0.38
Current Deferred Revenue	0.86	0.62	0.21	0.97	-0.46	-0.19	0.9	0.88		0.5	-0.41	0.76	0.38	0.64	-0.73	-0.55	-0.87	0.38	0.6	-0.82	0.33	-0.18	0.49	0.5	0.94	0.58
Net Debt	0.78	0.96	-0.42	0.54	-0.81	-0.52	0.22	0.82	0.5		-0.92	0.14	-0.25	0.92	-0.72	0.07	-0.17	-0.25	0.7	-0.59	0.0	-0.1	0.95	0.98	0.36	0.16
Retained Earnings	-0.6	-0.91	0.5	-0.49	0.76	0.67	-0.15	-0.75	-0.41	-0.92		-0.15	0.14	-0.72	0.81	-0.22	0.15	0.14	-0.59	0.59	0.11	-0.12	-0.91	-0.9	-0.27	-0.02
Accounts Payable	0.55	0.31	0.19	0.84	-0.26	-0.31	0.86	0.57	0.76	0.14	-0.15		0.64	0.17	-0.59	-0.22	-0.81	0.64	0.19	-0.75	0.26	-0.15	0.18	0.14	0.76	0.79
Cash	0.19	0.02	0.47	0.45	0.01	-0.32	0.67	0.21	0.38	-0.25	0.14	0.64		-0.22	-0.24	-0.19	-0.61	1.0	-0.36	-0.51	0.39	-0.12	-0.02	-0.14	0.43	0.18
Non Current Assets Total	0.9	0.89	-0.2	0.62	-0.78	-0.29	0.37	0.83	0.64	0.92	-0.72	0.17	-0.22		-0.61	-0.25	-0.3	-0.22	0.75	-0.58	0.14	-0.32	0.84	0.92	0.49	0.25
Non Currrent Assets Other	-0.72	-0.81	0.06	-0.8	0.55	0.49	-0.51	-0.83	-0.73	-0.72	0.81	-0.59	-0.24	-0.61		0.05	0.46	-0.24	-0.48	0.72	0.18	-0.23	-0.7	-0.72	-0.59	-0.41
Other Assets	-0.36	0.02	-0.45	-0.41	-0.08	-0.53	-0.47	-0.28	-0.55	0.07	-0.22	-0.22	-0.19	-0.25	0.05		0.51	-0.19	-0.1	0.13	-0.25	0.18	0.12	0.04	-0.54	-0.15
Long Term Debt	-0.61	-0.35	-0.15	-0.86	0.32	0.26	-0.96	-0.69	-0.87	-0.17	0.15	-0.81	-0.61	-0.3	0.46	0.51		-0.61	-0.36	0.82	-0.64	0.28	-0.27	-0.17	-0.93	-0.46
Cash And Short Term Investments	0.19	0.02	0.47	0.45	0.01	-0.32	0.67	0.21	0.38	-0.25	0.14	0.64	1.0	-0.22	-0.24	-0.19	-0.61		-0.36	-0.51	0.39	-0.12	-0.02	-0.14	0.43	0.18
Net Receivables	0.64	0.62	-0.28	0.53	-0.64	-0.22	0.35	0.66	0.6	0.7	-0.59	0.19	-0.36	0.75	-0.48	-0.1	-0.36	-0.36		-0.52	0.14	-0.25	0.57	0.61	0.48	0.28
Good Will	-0.8	-0.75	0.13	-0.89	0.73	0.69	-0.85	-0.88	-0.82	-0.59	0.59	-0.75	-0.51	-0.58	0.72	0.13	0.82	-0.51	-0.52		-0.52	0.33	-0.7	-0.61	-0.79	-0.41
Common Stock Total Equity	0.28	0.1	-0.1	0.32	-0.28	-0.29	0.58	0.31	0.33	0.0	0.11	0.26	0.39	0.14	0.18	-0.25	-0.64	0.39	0.14	-0.52		-0.61	0.19	0.02	0.5	-0.02
Common Stock Shares Outstanding	-0.36	-0.13	0.1	-0.15	0.55	0.2	-0.34	-0.13	-0.18	-0.1	-0.12	-0.15	-0.12	-0.32	-0.23	0.18	0.28	-0.12	-0.25	0.33	-0.61		-0.15	-0.16	-0.11	-0.16
Long Term Debt Total	0.77	0.97	-0.42	0.56	-0.84	-0.7	0.31	0.84	0.49	0.95	-0.91	0.18	-0.02	0.84	-0.7	0.12	-0.27	-0.02	0.57	-0.7	0.19	-0.15		0.97	0.39	0.04
Non Current Liabilities Total	0.81	0.98	-0.35	0.54	-0.84	-0.56	0.25	0.81	0.5	0.98	-0.9	0.14	-0.14	0.92	-0.72	0.04	-0.17	-0.14	0.61	-0.61	0.02	-0.16	0.97		0.33	0.11
Capital Surpluse	0.74	0.49	0.21	0.93	-0.3	-0.15	0.92	0.81	0.94	0.36	-0.27	0.76	0.43	0.49	-0.59	-0.54	-0.93	0.43	0.48	-0.79	0.5	-0.11	0.39	0.33		0.55
Inventory	0.5	0.21	0.23	0.63	-0.14	0.03	0.57	0.38	0.58	0.16	-0.02	0.79	0.18	0.25	-0.41	-0.15	-0.46	0.18	0.28	-0.41	-0.02	-0.16	0.04	0.11	0.55

Click cells to compare fundamentals

Roots Corp Account Relationship Matchups

Roots Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	440.8M	390.3M	393.7M	391.9M	369.9M	417.0M
Short Long Term Debt Total	247.9M	172.3M	148.9M	137.2M	124.9M	150.0M
Other Current Liab	158K	418K	6.7M	3.1M	1.8M	2.4M
Total Current Liabilities	67.2M	65.2M	68.2M	75.0M	57.1M	58.6M
Total Stockholder Equity	150.5M	164.2M	186.1M	188.0M	190.8M	149.9M
Other Liab	34.2M	13.9M	15.9M	17.4M	15.6M	17.6M
Net Tangible Assets	(46.8M)	(50.5M)	(45.4M)	(20.6M)	(23.7M)	(24.9M)
Property Plant And Equipment Net	184.0M	128.0M	110.8M	101.7M	102M	95.8M
Current Deferred Revenue	6.0M	5.8M	6.3M	6.0M	5.3M	5.7M
Net Debt	246.9M	163.1M	114.8M	105.2M	96.8M	132.7M
Retained Earnings	(49.7M)	(36.6M)	(13.5M)	(5.8M)	(1.6M)	(1.7M)
Accounts Payable	20.3M	25.9M	28.3M	38.4M	24.9M	26.0M
Cash	949K	9.2M	34.2M	31.9M	28.0M	17.3M
Non Current Assets Total	387.1M	328.5M	307.2M	295.7M	294.1M	342.8M
Non Currrent Assets Other	(385.0M)	(326.7M)	(307.2M)	(295.7M)	300K	315K
Other Assets	541K	562K	2.1M	1.8M	1.6M	1.1M
Long Term Debt	84.5M	66.1M	56.2M	52.1M	41.0M	58.9M
Cash And Short Term Investments	949K	9.2M	34.2M	31.9M	28.0M	17.3M
Net Receivables	7.2M	7.2M	6.6M	5.7M	6.1M	6.9M
Common Stock Shares Outstanding	42.1M	42.4M	42.8M	42.3M	41.0M	33.8M
Long Term Debt Total	209.1M	145.1M	122.1M	109.7M	126.1M	130.6M
Liabilities And Stockholders Equity	440.8M	390.3M	393.7M	391.9M	369.9M	417.0M
Non Current Liabilities Total	223.1M	161.0M	139.5M	128.8M	121.9M	152.2M
Capital Surpluse	3.4M	3.7M	4.1M	4.4M	5.0M	3.0M
Inventory	40.2M	42.4M	41.3M	55.0M	36.2M	45.3M
Other Current Assets	5.4M	3.1M	4.4M	3.6M	5.5M	4.6M
Other Stockholder Equity	3.4M	3.7M	4.1M	4.4M	4.7M	3.2M
Total Liab	290.3M	226.1M	207.6M	203.9M	179.0M	210.8M
Property Plant And Equipment Gross	184.0M	232.3M	199.8M	217.5M	244.5M	151.0M
Short Long Term Debt	5.0M	17.4M	12.2M	4.6M	4.0M	5.6M
Total Current Assets	53.7M	61.9M	86.5M	96.2M	75.8M	74.2M
Accumulated Other Comprehensive Income	(116K)	(227K)	346K	102K	149K	156.5K
Short Term Debt	38.8M	27.2M	26.8M	27.5M	25.2M	21.7M
Intangible Assets	193.1M	190.8M	188.5M	186.2M	183.9M	157.1M
Common Stock	196.9M	197.3M	195.1M	189.3M	187.5M	155.6M
Property Plant Equipment	184.0M	117.0M	100.6M	101.7M	116.9M	87.9M
Capital Lease Obligations	151.2M	101.2M	88.1M	80.4M	79.9M	69.1M

Pair Trading with Roots Corp

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

Moving against Roots Stock

0.33	META	Meta Platforms CDR	Pair Corr
0.33	AVGO	Broadcom Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to Roots Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roots Corp 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 Roots Corp - 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 Roots Corp to buy it.

The correlation of Roots Corp 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 Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots Corp 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 Roots Corp 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 Correlation Correlation Matching

Other Information on Investing in Roots Stock

Balance Sheet is a snapshot of the financial position of Roots Corp at a specified time, usually calculated after every quarter, six months, or one year. Roots Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Roots Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Roots currently owns. An asset can also be divided into two categories, current and non-current.

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Roots Long Term Debt Total vs Net Receivables Analysis

Long Term Debt Total vs Net Receivables

Long Term Debt Total vs Net Receivables Correlation Analysis

Correlation Coefficient

Long Term Debt Total

Net Receivables

Roots Corp fundamental ratios Correlations

Roots Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Roots Corp fundamental ratios Accounts

Pair Trading with Roots Corp

Moving against Roots Stock

Other Information on Investing in Roots Stock

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Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Net Debt
Long Term Debt Total	+ 0.97	Short Long Term Debt Total
Current Deferred Revenue	+ 0.97	Total Current Liabilities
Non Current Liabilities Total	+ 0.97	Long Term Debt Total

Long Term Debt	- 0.96	Net Tangible Assets
Capital Surpluse	- 0.93	Long Term Debt
Retained Earnings	- 0.92	Net Debt
Long Term Debt Total	- 0.91	Retained Earnings
Retained Earnings	- 0.91	Short Long Term Debt Total
Non Current Liabilities Total	- 0.9	Retained Earnings