0VSO Stock | | | 35.60 3.24 10.01% |
BYD Co financial indicator trend analysis is way more than just evaluating BYD Co prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BYD Co is a good investment. Please check the relationship between BYD Co Long Term Debt and its Total Current Liabilities accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in BYD Co. 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 vs Total Current Liabilities
Long Term Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
BYD Co Long Term Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between BYD Co's Long Term Debt and Total Current Liabilities is 0.67. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of BYD Co, assuming nothing else is changed. The correlation between historical values of BYD Co's Long Term Debt and Total Current Liabilities 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 of BYD Co are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., BYD Co's Long Term Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that BYD Co has held for over one year. Long-term debt appears on BYD Co balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on BYD Co balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Total Current Liabilities
Total Current Liabilities is an item on BYD Co balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of BYD Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from BYD Co's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BYD Co 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 BYD Co. 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.
Tax Provision is likely to drop to about 608.4
M in 2024.
Selling General Administrative is likely to drop to about 9.4
B in 2024
BYD Co fundamental ratios Correlations
Click cells to compare fundamentals
BYD Co Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BYD Co fundamental ratios Accounts
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Additional Tools for BYD Stock Analysis
When running BYD Co's price analysis, check to
measure BYD Co'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 BYD Co is operating at the current time. Most of BYD Co's value examination focuses on studying past and present price action to
predict the probability of BYD Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BYD Co's price. Additionally, you may evaluate how the addition of BYD Co to your portfolios can decrease your overall portfolio volatility.