Kroger Free Cash Flow Yield vs Cash And Equivalents Analysis

KR Stock

USD 61.08 0.58 0.96%

Kroger financial indicator trend analysis is infinitely more than just investigating Kroger Company recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kroger Company is a good investment. Please check the relationship between Kroger Free Cash Flow Yield and its Cash And Equivalents accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Free Cash Flow Yield vs Cash And Equivalents

Free Cash Flow Yield vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kroger Company Free Cash Flow Yield account and Cash And Equivalents. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Kroger's Free Cash Flow Yield and Cash And Equivalents is 0.43. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Kroger Company, assuming nothing else is changed. The correlation between historical values of Kroger's Free Cash Flow Yield and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Kroger Company are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Free Cash Flow Yield i.e., Kroger's Free Cash Flow Yield and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Cash And Equivalents

Most indicators from Kroger's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kroger Company 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kroger Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Kroger's Selling General Administrative is relatively stable compared to the past year. As of 12/01/2024, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop slightly above 484.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	571M	535M	441M	537.6M
Depreciation And Amortization	3.4B	3.6B	3.8B	3.9B

Interest Expense Depreciation And Amortization

Kroger fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Good Will	Common Stock Total Equity	Common Stock
Total Assets		0.84	0.66	0.77	0.97	0.99	0.83	0.98	0.69	1.0	0.62	0.9	0.96	-0.18	0.99	0.76	0.47	-0.98	1.0	0.8	0.33	0.9	0.79	0.88	0.76	0.78
Short Long Term Debt Total	0.84		0.85	0.94	0.74	0.82	1.0	0.79	0.42	0.84	0.53	0.64	0.77	-0.47	0.86	0.92	0.52	-0.85	0.86	0.95	0.53	0.58	0.43	0.89	0.86	0.85
Other Current Liab	0.66	0.85		0.84	0.53	0.65	0.85	0.61	0.26	0.67	0.25	0.46	0.62	-0.42	0.68	0.8	0.69	-0.69	0.7	0.81	0.45	0.32	0.14	0.68	0.65	0.64
Total Current Liabilities	0.77	0.94	0.84		0.66	0.74	0.93	0.71	0.31	0.76	0.37	0.57	0.75	-0.34	0.76	0.98	0.59	-0.78	0.8	0.99	0.68	0.54	0.34	0.88	0.85	0.85
Total Stockholder Equity	0.97	0.74	0.53	0.66		0.98	0.73	0.99	0.75	0.98	0.62	0.93	0.96	-0.2	0.96	0.64	0.39	-0.96	0.96	0.69	0.2	0.95	0.89	0.81	0.71	0.74
Property Plant And Equipment Net	0.99	0.82	0.65	0.74	0.98		0.81	0.98	0.72	1.0	0.6	0.91	0.95	-0.18	0.99	0.73	0.43	-0.97	0.99	0.76	0.26	0.91	0.82	0.83	0.72	0.74
Net Debt	0.83	1.0	0.85	0.93	0.73	0.81		0.78	0.35	0.83	0.49	0.61	0.77	-0.46	0.85	0.93	0.55	-0.84	0.85	0.94	0.57	0.56	0.4	0.9	0.86	0.85
Retained Earnings	0.98	0.79	0.61	0.71	0.99	0.98	0.78		0.73	0.98	0.61	0.92	0.95	-0.25	0.97	0.68	0.45	-0.99	0.97	0.73	0.26	0.92	0.85	0.82	0.74	0.76
Cash	0.69	0.42	0.26	0.31	0.75	0.72	0.35	0.73		0.7	0.72	0.9	0.59	-0.09	0.7	0.24	-0.03	-0.67	0.67	0.36	-0.24	0.76	0.8	0.38	0.33	0.35
Non Current Assets Total	1.0	0.84	0.67	0.76	0.98	1.0	0.83	0.98	0.7		0.63	0.9	0.96	-0.2	0.99	0.75	0.45	-0.98	1.0	0.79	0.3	0.9	0.8	0.86	0.75	0.77
Non Currrent Assets Other	0.62	0.53	0.25	0.37	0.62	0.6	0.49	0.61	0.72	0.63		0.73	0.46	-0.22	0.66	0.35	-0.15	-0.6	0.62	0.43	0.09	0.55	0.53	0.56	0.48	0.5
Cash And Short Term Investments	0.9	0.64	0.46	0.57	0.93	0.91	0.61	0.92	0.9	0.9	0.73		0.82	-0.14	0.89	0.51	0.23	-0.88	0.88	0.61	0.07	0.91	0.88	0.66	0.55	0.57
Net Receivables	0.96	0.77	0.62	0.75	0.96	0.95	0.77	0.95	0.59	0.96	0.46	0.82		-0.13	0.93	0.75	0.56	-0.94	0.96	0.77	0.35	0.9	0.79	0.87	0.78	0.81
Common Stock Shares Outstanding	-0.18	-0.47	-0.42	-0.34	-0.2	-0.18	-0.46	-0.25	-0.09	-0.2	-0.22	-0.14	-0.13		-0.22	-0.23	-0.24	0.33	-0.17	-0.35	-0.04	0.01	-0.01	-0.28	-0.48	-0.46
Non Current Liabilities Total	0.99	0.86	0.68	0.76	0.96	0.99	0.85	0.97	0.7	0.99	0.66	0.89	0.93	-0.22		0.76	0.43	-0.96	0.99	0.79	0.28	0.86	0.76	0.86	0.74	0.76
Inventory	0.76	0.92	0.8	0.98	0.64	0.73	0.93	0.68	0.24	0.75	0.35	0.51	0.75	-0.23	0.76		0.58	-0.75	0.79	0.98	0.69	0.53	0.33	0.9	0.83	0.82
Other Current Assets	0.47	0.52	0.69	0.59	0.39	0.43	0.55	0.45	-0.03	0.45	-0.15	0.23	0.56	-0.24	0.43	0.58		-0.5	0.48	0.59	0.49	0.27	0.12	0.53	0.51	0.51
Other Stockholder Equity	-0.98	-0.85	-0.69	-0.78	-0.96	-0.97	-0.84	-0.99	-0.67	-0.98	-0.6	-0.88	-0.94	0.33	-0.96	-0.75	-0.5		-0.97	-0.8	-0.35	-0.87	-0.77	-0.86	-0.8	-0.82
Total Liab	1.0	0.86	0.7	0.8	0.96	0.99	0.85	0.97	0.67	1.0	0.62	0.88	0.96	-0.17	0.99	0.79	0.48	-0.97		0.82	0.37	0.88	0.76	0.89	0.76	0.78
Total Current Assets	0.8	0.95	0.81	0.99	0.69	0.76	0.94	0.73	0.36	0.79	0.43	0.61	0.77	-0.35	0.79	0.98	0.59	-0.8	0.82		0.64	0.58	0.39	0.91	0.87	0.86
Short Term Debt	0.33	0.53	0.45	0.68	0.2	0.26	0.57	0.26	-0.24	0.3	0.09	0.07	0.35	-0.04	0.28	0.69	0.49	-0.35	0.37	0.64		0.13	-0.08	0.59	0.59	0.58
Accounts Payable	0.9	0.58	0.32	0.54	0.95	0.91	0.56	0.92	0.76	0.9	0.55	0.91	0.9	0.01	0.86	0.53	0.27	-0.87	0.88	0.58	0.13		0.97	0.71	0.58	0.61
Property Plant And Equipment Gross	0.79	0.43	0.14	0.34	0.89	0.82	0.4	0.85	0.8	0.8	0.53	0.88	0.79	-0.01	0.76	0.33	0.12	-0.77	0.76	0.39	-0.08	0.97		0.54	0.44	0.47
Good Will	0.88	0.89	0.68	0.88	0.81	0.83	0.9	0.82	0.38	0.86	0.56	0.66	0.87	-0.28	0.86	0.9	0.53	-0.86	0.89	0.91	0.59	0.71	0.54		0.9	0.9
Common Stock Total Equity	0.76	0.86	0.65	0.85	0.71	0.72	0.86	0.74	0.33	0.75	0.48	0.55	0.78	-0.48	0.74	0.83	0.51	-0.8	0.76	0.87	0.59	0.58	0.44	0.9		1.0
Common Stock	0.78	0.85	0.64	0.85	0.74	0.74	0.85	0.76	0.35	0.77	0.5	0.57	0.81	-0.46	0.76	0.82	0.51	-0.82	0.78	0.86	0.58	0.61	0.47	0.9	1.0

Click cells to compare fundamentals

Kroger Account Relationship Matchups

Kroger fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.2B	48.6B	49.1B	49.5B	50.5B	53.0B
Short Long Term Debt Total	21.2B	20.6B	20.4B	20.4B	19.2B	9.7B
Other Current Liab	5.3B	6.4B	7.2B	8.1B	4.0B	3.1B
Total Current Liabilities	14.1B	15.4B	16.3B	16.6B	16.1B	8.1B
Total Stockholder Equity	8.6B	9.6B	9.4B	10.0B	11.6B	12.2B
Property Plant And Equipment Net	28.6B	29.2B	30.5B	31.4B	31.9B	33.5B
Net Debt	20.8B	18.9B	18.6B	19.6B	17.4B	9.3B
Retained Earnings	21.0B	23.0B	24.1B	25.6B	26.9B	28.3B
Cash	399M	1.7B	1.8B	828M	1.9B	2.0B
Non Current Assets Total	34.3B	36.2B	36.9B	37.0B	37.6B	39.4B
Non Currrent Assets Other	1.5B	2.9B	2.4B	(301M)	1.8B	1.9B
Cash And Short Term Investments	1.6B	2.8B	2.9B	2.1B	3.1B	3.3B
Net Receivables	1.7B	1.8B	1.8B	2.2B	2.1B	2.2B
Common Stock Shares Outstanding	805M	781M	754M	727M	725M	1.2B
Liabilities And Stockholders Equity	45.2B	48.6B	49.1B	49.5B	50.5B	53.0B
Non Current Liabilities Total	22.5B	23.7B	23.3B	22.9B	22.8B	24.0B
Inventory	7.1B	7.1B	6.8B	7.6B	7.1B	4.5B
Other Current Assets	522M	876M	660M	1.9B	609M	636.8M
Other Stockholder Equity	(13.7B)	(14.7B)	(16.1B)	(16.8B)	(16.8B)	(15.9B)
Total Liab	36.6B	39.1B	39.7B	39.5B	38.9B	40.8B
Total Current Assets	10.9B	12.5B	12.2B	12.6B	12.9B	6.9B
Short Term Debt	2.6B	2.3B	2.0B	2.0B	1.7B	1.1B
Accounts Payable	6.3B	6.7B	7.1B	7.1B	10.4B	10.9B
Property Plant And Equipment Gross	28.7B	29.2B	30.5B	31.4B	63.4B	66.6B
Accumulated Other Comprehensive Income	(640M)	(630M)	(467M)	(632M)	(489M)	(513.5M)
Good Will	2.9B	3.1B	3.1B	2.9B	3.4B	2.5B
Other Liab	3.8B	4.7B	4.1B	3.9B	4.5B	3.0B
Other Assets	1.5B	2.9B	2.4B	1.8B	2.0B	2.1B
Long Term Debt	11.3B	12.5B	12.8B	12.6B	10.2B	10.1B
Treasury Stock	(16.6B)	(17.0B)	(18.2B)	(19.7B)	(17.7B)	(16.9B)
Intangible Assets	1.1B	997M	942M	899M	809.1M	1.4B
Property Plant Equipment	21.9B	29.2B	30.5B	31.4B	36.1B	18.2B
Current Deferred Revenue	1.6B	1.2B	1.4B	(526M)	(604.9M)	(574.7M)
Short Term Investments	1.2B	1.1B	1.1B	1.2B	1.2B	896.2M
Net Tangible Assets	4.5B	5.5B	5.4B	6.2B	7.2B	4.2B
Long Term Debt Total	12.1B	12.5B	12.8B	12.1B	13.9B	11.5B

Pair Trading with Kroger

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

Moving together with Kroger Stock

0.9	WMT	Walmart Aggressive Push	Pair Corr
0.84	K	Kellanova	Pair Corr

Moving against Kroger Stock

0.8	UL	Unilever PLC ADR	Pair Corr
0.79	CL	Colgate Palmolive Sell-off Trend	Pair Corr
0.76	KO	Coca Cola Aggressive Push	Pair Corr
0.73	DTCK	Davis Commodities	Pair Corr
0.7	UG	United Guardian	Pair Corr

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

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

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC