Better Inventory vs Short Long Term Debt Analysis

BTTR Stock

USD 1.98 0.02 1.02%

Better Choice financial indicator trend analysis is way more than just evaluating Better Choice prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Better Choice is a good investment. Please check the relationship between Better Choice Inventory and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Better Choice. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.

Inventory vs Short Long Term Debt

Inventory vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Better Choice Inventory account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Better Choice's Inventory and Short Long Term Debt is 0.62. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Better Choice, assuming nothing else is changed. The correlation between historical values of Better Choice's Inventory and Short Long Term 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 Inventory of Better Choice are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Inventory i.e., Better Choice's Inventory and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Better Choice's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Better Choice 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 Better Choice. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Better Stock, please use our How to Invest in Better Choice guide.As of 11/29/2024, Selling General Administrative is likely to grow to about 8.5 M, though Tax Provision is likely to grow to (20.9 K).

Better Choice fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Non Current Liabilities Total	Current Deferred Revenue	Other Assets	Short Term Debt	Net Tangible Assets	Inventory	Short Long Term Debt
Total Assets		0.5	0.2	0.43	0.79	0.93	0.79	0.16	0.51	0.76	0.72	0.73	0.93	0.09	0.78	0.44	0.64	-0.75	0.61	0.82	0.81	0.66	0.55	-0.19	0.77	0.59
Total Stockholder Equity	0.5		-0.07	-0.45	0.8	0.23	0.8	0.04	0.44	0.41	-0.24	0.13	0.7	-0.11	-0.09	-0.49	-0.34	-0.31	0.29	-0.03	0.19	-0.29	-0.15	0.7	0.37	-0.1
Property Plant And Equipment Net	0.2	-0.07		0.36	-0.02	0.3	-0.02	0.71	-0.07	0.04	0.28	0.28	0.08	0.47	0.34	0.16	0.28	-0.06	0.04	0.27	0.29	0.26	0.4	-0.26	0.14	0.39
Net Debt	0.43	-0.45	0.36		-0.2	0.66	-0.2	0.06	-0.05	0.22	0.84	0.69	0.14	0.24	0.89	0.66	0.83	-0.31	0.2	0.79	0.65	0.89	0.86	-0.88	0.43	0.87
Cash	0.79	0.8	-0.02	-0.2		0.59	1.0	0.12	0.5	0.61	0.24	0.32	0.88	-0.04	0.26	0.07	0.17	-0.55	0.51	0.35	0.4	0.13	0.06	0.33	0.46	0.07
Non Current Assets Total	0.93	0.23	0.3	0.66	0.59		0.59	0.13	0.21	0.53	0.85	0.71	0.74	0.16	0.9	0.61	0.79	-0.55	0.41	0.92	0.83	0.77	0.71	-0.51	0.6	0.71
Cash And Short Term Investments	0.79	0.8	-0.02	-0.2	1.0	0.59		0.13	0.51	0.62	0.24	0.32	0.88	-0.04	0.26	0.07	0.17	-0.56	0.52	0.35	0.4	0.14	0.07	0.33	0.47	0.07
Common Stock Total Equity	0.16	0.04	0.71	0.06	0.12	0.13	0.13		0.2	0.21	0.15	0.16	0.17	0.68	0.12	0.12	0.16	-0.22	0.2	0.13	0.18	0.15	0.1	0.02	0.2	0.11
Common Stock Shares Outstanding	0.51	0.44	-0.07	-0.05	0.5	0.21	0.51	0.2		0.94	0.22	0.58	0.7	-0.06	0.23	0.0	0.18	-0.91	0.9	0.2	0.29	0.31	0.12	0.37	0.8	0.24
Other Stockholder Equity	0.76	0.41	0.04	0.22	0.61	0.53	0.62	0.21	0.94		0.52	0.77	0.84	0.01	0.54	0.25	0.47	-0.99	0.94	0.51	0.54	0.57	0.37	0.1	0.9	0.47
Total Liab	0.72	-0.24	0.28	0.84	0.24	0.85	0.24	0.15	0.22	0.52		0.71	0.49	0.19	0.94	0.88	0.99	-0.59	0.45	0.94	0.75	0.97	0.73	-0.77	0.57	0.74
Property Plant And Equipment Gross	0.73	0.13	0.28	0.69	0.32	0.71	0.32	0.16	0.58	0.77	0.71		0.62	0.12	0.85	0.32	0.68	-0.8	0.79	0.67	0.63	0.81	0.87	-0.35	0.81	0.92
Total Current Assets	0.93	0.7	0.08	0.14	0.88	0.74	0.88	0.17	0.7	0.84	0.49	0.62		0.01	0.54	0.22	0.39	-0.81	0.66	0.62	0.69	0.45	0.3	0.14	0.82	0.38
Common Stock	0.09	-0.11	0.47	0.24	-0.04	0.16	-0.04	0.68	-0.06	0.01	0.19	0.12	0.01		0.21	0.14	0.18	-0.03	0.02	0.21	0.35	0.21	0.21	-0.22	0.04	0.18
Short Long Term Debt Total	0.78	-0.09	0.34	0.89	0.26	0.9	0.26	0.12	0.23	0.54	0.94	0.85	0.54	0.21		0.68	0.9	-0.6	0.48	0.93	0.81	0.94	0.88	-0.71	0.64	0.9
Other Current Liab	0.44	-0.49	0.16	0.66	0.07	0.61	0.07	0.12	0.0	0.25	0.88	0.32	0.22	0.14	0.68		0.9	-0.34	0.17	0.78	0.52	0.79	0.4	-0.79	0.25	0.38
Total Current Liabilities	0.64	-0.34	0.28	0.83	0.17	0.79	0.17	0.16	0.18	0.47	0.99	0.68	0.39	0.18	0.9	0.9		-0.55	0.44	0.88	0.65	0.96	0.74	-0.8	0.5	0.72
Retained Earnings	-0.75	-0.31	-0.06	-0.31	-0.55	-0.55	-0.56	-0.22	-0.91	-0.99	-0.59	-0.8	-0.81	-0.03	-0.6	-0.34	-0.55		-0.93	-0.57	-0.57	-0.66	-0.43	0.0	-0.91	-0.53
Accounts Payable	0.61	0.29	0.04	0.2	0.51	0.41	0.52	0.2	0.9	0.94	0.45	0.79	0.66	0.02	0.48	0.17	0.44	-0.93		0.34	0.32	0.53	0.45	0.09	0.75	0.51
Non Current Liabilities Total	0.82	-0.03	0.27	0.79	0.35	0.92	0.35	0.13	0.2	0.51	0.94	0.67	0.62	0.21	0.93	0.78	0.88	-0.57	0.34		0.91	0.89	0.66	-0.67	0.65	0.69
Current Deferred Revenue	0.81	0.19	0.29	0.65	0.4	0.83	0.4	0.18	0.29	0.54	0.75	0.63	0.69	0.35	0.81	0.52	0.65	-0.57	0.32	0.91		0.73	0.55	-0.43	0.72	0.62
Other Assets	0.66	-0.29	0.26	0.89	0.13	0.77	0.14	0.15	0.31	0.57	0.97	0.81	0.45	0.21	0.94	0.79	0.96	-0.66	0.53	0.89	0.73		0.8	-0.75	0.66	0.83
Short Term Debt	0.55	-0.15	0.4	0.86	0.06	0.71	0.07	0.1	0.12	0.37	0.73	0.87	0.3	0.21	0.88	0.4	0.74	-0.43	0.45	0.66	0.55	0.8		-0.65	0.48	0.98
Net Tangible Assets	-0.19	0.7	-0.26	-0.88	0.33	-0.51	0.33	0.02	0.37	0.1	-0.77	-0.35	0.14	-0.22	-0.71	-0.79	-0.8	0.0	0.09	-0.67	-0.43	-0.75	-0.65		-0.04	-0.6
Inventory	0.77	0.37	0.14	0.43	0.46	0.6	0.47	0.2	0.8	0.9	0.57	0.81	0.82	0.04	0.64	0.25	0.5	-0.91	0.75	0.65	0.72	0.66	0.48	-0.04		0.62
Short Long Term Debt	0.59	-0.1	0.39	0.87	0.07	0.71	0.07	0.11	0.24	0.47	0.74	0.92	0.38	0.18	0.9	0.38	0.72	-0.53	0.51	0.69	0.62	0.83	0.98	-0.6	0.62

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Better Choice Account Relationship Matchups

Better Choice fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.5M	51.3M	74.7M	38.7M	16.7M	16.3M
Total Stockholder Equity	3.5M	(28.1M)	57.9M	21.5M	3.0M	3.3M
Net Debt	35.9M	29.0M	(11.4M)	8.4M	291K	276.5K
Cash	2.4M	3.9M	21.7M	3.2M	4.5M	2.8M
Non Current Assets Total	36.0M	33.7M	30.7M	11.2M	505K	479.8K
Cash And Short Term Investments	2.4M	3.9M	21.7M	3.2M	4.5M	3.0M
Common Stock Total Equity	78.2K	79.7K	48K	52K	59.8K	48.8K
Common Stock Shares Outstanding	125.9K	185.9K	497.8K	667.1K	706.0K	741.3K
Liabilities And Stockholders Equity	53.5M	51.3M	74.7M	38.7M	16.7M	16.3M
Other Current Assets	80K	4.1M	10.2M	8.4M	812K	771.4K
Other Stockholder Equity	194.2M	232.5M	317.1M	320.1M	324.3M	340.5M
Total Liab	50.0M	79.4M	16.8M	17.1M	13.8M	13.0M
Property Plant And Equipment Gross	1.4M	597K	425K	548K	654K	686.7K
Total Current Assets	17.6M	17.6M	43.9M	27.5M	16.2M	9.7M
Common Stock	3.4K	48K	52K	29K	32K	29.7K
Short Long Term Debt Total	38.2M	33.0M	10.3M	11.6M	4.7M	7.8M
Other Current Liab	7.4M	41.9M	1.5M	2.0M	2.0M	1.9M
Total Current Liabilities	33.0M	54.6M	7.3M	5.6M	13.7M	9.3M
Retained Earnings	(201.3M)	(260.6M)	(259.3M)	(298.6M)	(321.3M)	(305.3M)
Accounts Payable	4.0M	3.1M	4.6M	2.9M	6.9M	7.3M
Non Current Liabilities Total	17.0M	24.8M	9.4M	11.6M	67K	63.7K
Current Deferred Revenue	311K	350K	225K	336K	7K	6.7K
Other Assets	1.3M	1.7M	116K	544K	625.6K	377.0K
Short Term Debt	21.2M	8.2M	909K	217K	4.7M	3.3M
Net Tangible Assets	(40.3M)	(59.8M)	27.7M	11.5M	10.3M	10.8M
Long Term Debt	16.4M	24.6M	9.4M	11.4M	13.2M	7.6M
Net Receivables	5.8M	4.6M	6.8M	6.7M	4.4M	3.5M
Inventory	6.6M	4.9M	5.2M	10.3M	6.6M	3.7M
Short Long Term Debt	20.9M	8.0M	855K	4.6M	5.3M	4.4M
Intangible Assets	14.6M	13.1M	11.6M	10.1M	11.6M	6.0M
Property Plant Equipment	1.4M	597K	425K	548K	630.2K	374.5K
Non Currrent Assets Other	1.3M	1.4M	116K	544K	155K	147.3K
Capital Lease Obligations	986K	357K	59K	176K	124K	208.0K
Net Invested Capital	30.2M	4.5M	68.1M	33.0M	7.6M	7.2M
Net Working Capital	(15.4M)	(37.0M)	36.6M	21.9M	2.5M	2.7M

Pair Trading with Better Choice

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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.

Moving together with Better Stock

0.61

WEST

Westrock Coffee

Pair Corr

Moving against Better Stock

0.63	LSF	Laird Superfood	Pair Corr
0.55	KAVL	Kaival Brands Innovations	Pair Corr
0.54	LMNR	Limoneira Fiscal Year End 19th of December 2024	Pair Corr
0.53	SAM	Boston Beer	Pair Corr
0.5	TPB	Turning Point Brands	Pair Corr

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

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

Additional Tools for Better Stock Analysis

When running Better Choice's price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.

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