Foot Total Current Assets vs Common Stock Analysis
FL Stock | USD 23.13 0.68 3.03% |
Foot Locker financial indicator trend analysis is much more than just examining Foot Locker latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Foot Locker is a good investment. Please check the relationship between Foot Locker Total Current Assets and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foot Locker. 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 economic analysis. For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.
Total Current Assets vs Common Stock
Total Current Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Foot Locker Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Foot Locker's Total Current Assets and Common Stock is 0.75. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Foot Locker, assuming nothing else is changed. The correlation between historical values of Foot Locker's Total Current Assets and Common Stock 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 Current Assets of Foot Locker are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Foot Locker's Total Current Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Common Stock
Most indicators from Foot Locker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Foot Locker 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foot Locker. 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 economic analysis. For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.At this time, Foot Locker's Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 7.20 this year, although the value of Selling General Administrative will most likely fall to about 1.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1B | 2.8B | 2.1B | 1.7B | Total Revenue | 9.0B | 8.8B | 8.2B | 5.5B |
Foot Locker fundamental ratios Correlations
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Foot Locker Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Foot Locker fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 7.0B | 8.1B | 7.9B | 6.9B | 4.3B | |
Short Long Term Debt Total | 3.3B | 3.2B | 3.4B | 3.2B | 2.9B | 3.1B | |
Other Current Liab | 300M | (197M) | 475M | 427M | 213M | 282.4M | |
Total Current Liabilities | 1.2B | 1.6B | 1.7B | 1.6B | 1.3B | 752.0M | |
Total Stockholder Equity | 2.5B | 2.8B | 3.2B | 3.3B | 2.9B | 2.2B | |
Property Plant And Equipment Net | 3.7B | 3.5B | 3.5B | 3.4B | 3.1B | 3.3B | |
Net Debt | 2.4B | 1.5B | 2.6B | 2.7B | 2.6B | 2.8B | |
Retained Earnings | 2.1B | 2.3B | 2.9B | 2.9B | 2.5B | 1.9B | |
Cash | 907M | 1.7B | 804M | 536M | 297M | 493.1M | |
Non Current Assets Total | 4.2B | 4.2B | 5.8B | 5.4B | 4.6B | 4.9B | |
Non Currrent Assets Other | 84M | 90M | 121M | 92M | 82.8M | 78.7M | |
Cash And Short Term Investments | 907M | 1.7B | 804M | 536M | 297M | 519.0M | |
Common Stock Shares Outstanding | 109.1M | 105.1M | 103.8M | 95.5M | 94.2M | 107.2M | |
Liabilities And Stockholders Equity | 6.6B | 7.0B | 8.1B | 7.9B | 6.9B | 4.3B | |
Non Current Liabilities Total | 2.9B | 2.6B | 3.1B | 3.0B | 2.7B | 2.8B | |
Inventory | 1.2B | 923M | 1.3B | 1.6B | 1.5B | 1.0B | |
Other Current Assets | 363M | 271M | 107M | 182M | 259M | 271.1M | |
Other Stockholder Equity | 7M | (3M) | (88M) | 3.3B | (2M) | (1.9M) | |
Total Liab | 4.1B | 4.3B | 4.9B | 4.6B | 4.0B | 2.1B | |
Total Current Assets | 2.4B | 2.8B | 2.4B | 2.5B | 2.2B | 2.2B | |
Short Term Debt | 518M | 1.3B | 578M | 674M | 497M | 521.9M | |
Accounts Payable | 333M | 402M | 596M | 492M | 366M | 310.9M | |
Intangible Assets | 20M | 17M | 454M | 426M | 399M | 419.0M | |
Net Receivables | 101M | 125M | 134M | 160M | 184M | 92.2M | |
Property Plant And Equipment Gross | 3.7B | 3.5B | 3.5B | 3.4B | 4.7B | 4.9B | |
Accumulated Other Comprehensive Income | (370M) | (394M) | (331M) | (343M) | (392M) | (384.3M) | |
Other Liab | 122M | 116M | 331M | 328M | 295.2M | 251.9M | |
Other Assets | 162M | 189M | 207M | 182M | 163.8M | 230.5M | |
Long Term Debt | 122M | 8M | 451M | 446M | 442M | 464.1M | |
Treasury Stock | (63M) | (37M) | (3M) | (88M) | (79.2M) | (83.2M) | |
Property Plant Equipment | 824M | 3.5B | 3.5B | 3.4B | 3.9B | 4.1B | |
Net Tangible Assets | 2.3B | 2.6B | 2.0B | 2.1B | 2.4B | 2.5B | |
Long Term Debt Total | 122M | 8M | 451M | 446M | 512.9M | 538.5M | |
Deferred Long Term Liab | 7M | 5M | 3M | 2M | 2.3M | 2.2M | |
Non Current Liabilities Other | 2.8B | 116M | 331M | 328M | 32M | 30.4M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foot Locker. 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 economic analysis. For more information on how to buy Foot Stock please use our How to buy in Foot Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is 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 Foot Locker. If investors know Foot 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 Foot Locker 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 (0.78) | Earnings Share (3.88) | Revenue Per Share 86.173 | Quarterly Revenue Growth 0.019 | Return On Assets 0.0118 |
The market value of Foot Locker is measured differently than its book value, which is the value of Foot that is recorded on the company's balance sheet. Investors also form their own opinion of Foot Locker's value that differs from its market value or its book value, called intrinsic value, which is Foot Locker's 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 Foot Locker's market value can be influenced by many factors that don't directly affect Foot Locker's 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 Foot Locker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Foot Locker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Foot Locker's 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.