Sleep Interest Expense vs Ebitda Analysis
SNBR Stock | USD 20.41 0.70 3.55% |
Sleep Number financial indicator trend analysis is much more than just breaking down Sleep Number Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sleep Number Corp is a good investment. Please check the relationship between Sleep Number Interest Expense and its Ebitda accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sleep Number 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 bureau of labor statistics.
Interest Expense vs Ebitda
Interest Expense vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sleep Number Corp Interest Expense account and Ebitda. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sleep Number's Interest Expense and Ebitda is -0.12. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Ebitda in the same time period over historical financial statements of Sleep Number Corp, assuming nothing else is changed. The correlation between historical values of Sleep Number's Interest Expense and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Sleep Number Corp are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Interest Expense i.e., Sleep Number's Interest Expense and Ebitda go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Ebitda
Most indicators from Sleep Number's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sleep Number 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sleep Number 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 bureau of labor statistics. At this time, Sleep Number's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/12/2024, Enterprise Value Over EBITDA is likely to grow to 10.31, though Tax Provision is likely to grow to (4.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.2B | 1.1B | 637.5M | Total Revenue | 2.2B | 2.1B | 1.9B | 1.0B |
Sleep Number fundamental ratios Correlations
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Sleep Number Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sleep Number fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 806.0M | 800.1M | 919.5M | 953.9M | 950.9M | 998.4M | |
Short Long Term Debt Total | 588.7M | 589.4M | 791.1M | 896.0M | 972.7M | 1.0B | |
Other Current Liab | 135.4M | 127.1M | 101.3M | 81.3M | 161.8M | 169.9M | |
Total Current Liabilities | 594.8M | 655.9M | 906.8M | 929.8M | 936.1M | 982.9M | |
Total Stockholder Equity | (159.4M) | (224.0M) | (425.0M) | (438.2M) | (441.9M) | (419.8M) | |
Property Plant And Equipment Net | 524.4M | 489.4M | 566.3M | 598.4M | 574.9M | 603.7M | |
Net Debt | 587.1M | 585.1M | 788.7M | 894.2M | 970.1M | 1.0B | |
Retained Earnings | (159.7M) | (224.2M) | (429.2M) | (443.6M) | (458.9M) | (435.9M) | |
Accounts Payable | 134.6M | 91.9M | 162.5M | 176.2M | 135.9M | 75.7M | |
Cash | 1.6M | 4.2M | 2.4M | 1.8M | 2.5M | 2.4M | |
Non Current Assets Total | 645.7M | 618.3M | 711.9M | 756.2M | 744.8M | 782.0M | |
Non Currrent Assets Other | (101.4M) | 56.0M | 75.2M | 26.2M | 81.8M | 85.8M | |
Cash And Short Term Investments | 1.6M | 4.2M | 2.4M | 1.8M | 2.5M | 2.4M | |
Net Receivables | 20.0M | 31.9M | 25.7M | 26.0M | 26.9M | 17.6M | |
Common Stock Shares Outstanding | 30.4M | 28.4M | 24.9M | 22.9M | 22.4M | 35.6M | |
Liabilities And Stockholders Equity | 806.0M | 800.1M | 919.5M | 953.9M | 950.9M | 998.4M | |
Non Current Liabilities Total | 370.7M | 368.2M | 437.7M | 462.3M | 456.7M | 479.6M | |
Inventory | 87.1M | 81.4M | 105.6M | 114.0M | 115.4M | 121.2M | |
Other Current Assets | 36.4M | 64.3M | 73.9M | 55.9M | 61.3M | 64.4M | |
Total Liab | 965.5M | 1.0B | 1.3B | 1.4B | 1.4B | 1.5B | |
Property Plant And Equipment Gross | 524.4M | 489.4M | 566.3M | 598.4M | 1.0B | 1.1B | |
Total Current Assets | 160.4M | 181.8M | 207.6M | 197.8M | 206.1M | 139.7M | |
Short Term Debt | 290.6M | 306.3M | 454.9M | 539.1M | 621.3M | 652.3M | |
Common Stock | 280K | 254K | 227K | 220K | 222K | 233.1K | |
Common Stock Total Equity | 280K | 254K | 227K | 220K | 253K | 420.5K | |
Other Liab | 72.6M | 84.4M | 101.0M | 105.4M | 121.2M | 127.3M | |
Other Assets | 48.0M | 56.0M | 75.2M | 89.8M | (138.8M) | (131.8M) | |
Property Plant Equipment | 197.4M | 175.2M | 566.3M | 200.6M | 230.7M | 137.7M | |
Current Deferred Revenue | 34.2M | 72.0M | 129.5M | 73.2M | 85.6M | 89.8M | |
Intangible Assets | 9.2M | 8.9M | 6.5M | 4.1M | 2.6M | 2.5M | |
Net Tangible Assets | (232.7M) | (296.8M) | (495.4M) | (506.2M) | (455.6M) | (432.8M) | |
Retained Earnings Total Equity | (159.7M) | (224.2M) | (429.2M) | (443.6M) | (399.2M) | (379.3M) | |
Deferred Long Term Liab | 3.8M | 242K | 688K | 55.6M | 63.9M | 67.1M | |
Non Current Liabilities Other | 366.9M | 367.9M | 100.8M | 462.3M | 105.3M | 100.1M |
Pair Trading with Sleep Number
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 Sleep Number 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 Sleep Number will appreciate offsetting losses from the drop in the long position's value.Moving together with Sleep Stock
Moving against Sleep Stock
The ability to find closely correlated positions to Sleep Number could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sleep Number 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 Sleep Number - 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 Sleep Number Corp to buy it.
The correlation of Sleep Number 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 Sleep Number moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sleep Number 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 Sleep Number 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.Additional Tools for Sleep Stock Analysis
When running Sleep Number's price analysis, check to measure Sleep Number's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sleep Number is operating at the current time. Most of Sleep Number's value examination focuses on studying past and present price action to predict the probability of Sleep Number's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sleep Number's price. Additionally, you may evaluate how the addition of Sleep Number to your portfolios can decrease your overall portfolio volatility.