BYD Total Stockholder Equity vs Total Current Liabilities Analysis

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 Total Stockholder Equity 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.

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity 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 Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between BYD Co's Total Stockholder Equity and Total Current Liabilities is 0.85. Overlapping area represents the amount of variation of Total Stockholder Equity 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 Total Stockholder Equity 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 Total Stockholder Equity 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 Total Stockholder Equity i.e., BYD Co's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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
 2019 2020 2023 2024 (projected)
Gross Profit19.8B28.9B33.3B23.7B
Total Revenue127.7B156.6B180.1B137.2B

BYD Co fundamental ratios Correlations

0.920.740.940.830.980.860.920.980.96-0.460.630.890.88-0.821.00.9-0.540.980.710.710.140.660.660.720.67
0.920.670.850.840.930.841.00.930.85-0.30.530.930.77-0.860.920.89-0.730.910.660.650.210.630.610.760.61
0.740.670.850.860.710.910.670.710.79-0.790.830.780.96-0.820.720.8-0.60.690.881.0-0.150.930.990.860.99
0.940.850.850.860.90.880.860.90.92-0.660.850.860.92-0.810.920.87-0.560.910.870.830.080.760.80.790.8
0.830.840.860.860.840.850.840.840.87-0.430.720.940.87-0.830.820.94-0.740.760.870.85-0.090.80.840.940.84
0.980.930.710.90.840.860.941.00.95-0.380.570.920.84-0.860.990.92-0.620.950.680.680.050.660.630.740.64
0.860.840.910.880.850.860.840.860.85-0.660.720.90.93-0.930.850.9-0.690.840.820.89-0.030.910.860.870.88
0.921.00.670.860.840.940.840.940.86-0.310.530.930.77-0.860.930.89-0.720.920.660.650.220.630.610.760.61
0.980.930.710.90.841.00.860.940.95-0.380.570.920.84-0.860.990.92-0.620.950.680.680.050.660.630.740.64
0.960.850.790.920.870.950.850.860.95-0.470.670.860.9-0.760.960.88-0.470.950.730.760.120.660.720.740.71
-0.46-0.3-0.79-0.66-0.43-0.38-0.66-0.31-0.38-0.47-0.83-0.36-0.730.54-0.42-0.380.27-0.44-0.71-0.80.13-0.71-0.79-0.46-0.8
0.630.530.830.850.720.570.720.530.570.67-0.830.620.77-0.620.590.64-0.480.580.940.84-0.130.750.830.720.83
0.890.930.780.860.940.920.90.930.920.86-0.360.620.83-0.910.890.99-0.80.830.80.76-0.070.810.730.920.75
0.880.770.960.920.870.840.930.770.840.9-0.730.770.83-0.840.860.86-0.550.830.830.95-0.040.870.930.820.92
-0.82-0.86-0.82-0.81-0.83-0.86-0.93-0.86-0.86-0.760.54-0.62-0.91-0.84-0.82-0.870.86-0.76-0.74-0.810.21-0.86-0.79-0.83-0.81
1.00.920.720.920.820.990.850.930.990.96-0.420.590.890.86-0.820.89-0.530.980.670.680.150.640.640.70.64
0.90.890.80.870.940.920.90.890.920.88-0.380.640.990.86-0.870.89-0.710.840.820.77-0.060.830.740.930.76
-0.54-0.73-0.6-0.56-0.74-0.62-0.69-0.72-0.62-0.470.27-0.48-0.8-0.550.86-0.53-0.71-0.44-0.65-0.610.36-0.71-0.62-0.78-0.64
0.980.910.690.910.760.950.840.920.950.95-0.440.580.830.83-0.760.980.84-0.440.640.660.320.580.60.640.6
0.710.660.880.870.870.680.820.660.680.73-0.710.940.80.83-0.740.670.82-0.650.640.88-0.170.870.870.90.89
0.710.651.00.830.850.680.890.650.680.76-0.80.840.760.95-0.810.680.77-0.610.660.88-0.140.921.00.850.99
0.140.21-0.150.08-0.090.05-0.030.220.050.120.13-0.13-0.07-0.040.210.15-0.060.360.32-0.17-0.14-0.3-0.2-0.19-0.24
0.660.630.930.760.80.660.910.630.660.66-0.710.750.810.87-0.860.640.83-0.710.580.870.92-0.30.910.910.95
0.660.610.990.80.840.630.860.610.630.72-0.790.830.730.93-0.790.640.74-0.620.60.871.0-0.20.910.840.99
0.720.760.860.790.940.740.870.760.740.74-0.460.720.920.82-0.830.70.93-0.780.640.90.85-0.190.910.840.86
0.670.610.990.80.840.640.880.610.640.71-0.80.830.750.92-0.810.640.76-0.640.60.890.99-0.240.950.990.86
Click cells to compare fundamentals

BYD Co Account Relationship Matchups

BYD Co fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets178.1B194.6B195.6B201.0B231.2B201.2B
Short Long Term Debt Total10.9B13.9B22.5B24.5B28.1B17.8B
Total Current Liabilities108.0B106.4B171.3B333.3B383.3B402.5B
Total Stockholder Equity55.0B55.2B56.8B56.9B65.4B60.5B
Retained Earnings25.2B28.9B31.5B47.8B54.9B31.4B
Cash9.9B13.1B11.7B13.7B15.8B12.3B
Other Assets9.4B9.1B8.7B18.4B21.1B22.2B
Long Term Debt10.9B13.9B21.9B23.6B27.2B17.5B
Cash And Short Term Investments9.9B13.1B11.7B13.7B15.8B12.3B
Net Receivables60.6B57.7B56.1B68.2B78.5B63.3B
Capital Surpluse24.5B24.5B24.5B24.7B28.4B27.0B
Inventory26.3B25.6B31.4B43.4B49.9B30.0B
Other Current Assets8.2B8.0B10.6B21.4B24.6B25.8B
Other Stockholder Equity3.6B4.3B542.6M(113.7M)(102.3M)(97.2M)
Total Liab123.1B139.4B138.9B144.1B165.8B140.6B
Total Current Assets115.2B107.0B111.6B166.1B191.0B124.8B
Short Term Debt62.6B58.9B59.0B25.3B22.8B40.7B
Intangible Assets14.2B16.7B18.4B16.7B19.2B17.2B
Property Plant Equipment60.8B61.6B83.1B179.6B206.6B216.9B
Other Liab2.5B5.7B8.0B28.9B33.3B34.9B
Net Tangible Assets44.0B45.0B77.9B87.7B100.9B65.7B
Accounts Payable36.2B51.9B80.5B143.8B165.3B173.6B

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