Brookfield Accounts Payable vs Total Current Liabilities Analysis
BBU-UN Stock | CAD 36.39 0.71 1.91% |
Brookfield Business financial indicator trend analysis is way more than just evaluating Brookfield Business prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Business is a good investment. Please check the relationship between Brookfield Business Accounts Payable and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Business Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Brookfield Business' Accounts Payable and Total Current Liabilities is 0.68. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Brookfield Business Partners, assuming nothing else is changed. The correlation between historical values of Brookfield Business' Accounts Payable 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 Accounts Payable of Brookfield Business Partners 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 Accounts Payable i.e., Brookfield Business' Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Brookfield Business obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Brookfield Business are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Current Liabilities
Total Current Liabilities is an item on Brookfield Business balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Brookfield Business Partners 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 Brookfield Business' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Business 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 Brookfield Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Brookfield Business' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.03, whereas Tax Provision is projected to grow to (52.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.5B | 2.5B | 2.9B | 3.1B | Depreciation And Amortization | 2.3B | 3.2B | 3.6B | 3.8B |
Brookfield Business fundamental ratios Correlations
Click cells to compare fundamentals
Brookfield Business Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brookfield Business fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 69.4M | 80.2M | 78.3M | 148M | 216.9M | 227.8M | |
Total Assets | 51.8B | 54.7B | 64.2B | 89.5B | 82.4B | 86.5B | |
Short Long Term Debt Total | 22.4B | 23.8B | 29.1B | 50.8B | 45.5B | 47.8B | |
Other Current Liab | 6.7B | (3.2B) | 7.1B | 7.9B | 6.5B | 3.6B | |
Total Current Liabilities | 16.5B | 610M | 1.6B | 17.0B | 14.4B | 7.3B | |
Total Stockholder Equity | 11.1B | 11.3B | 13B | 18.5B | 1.9B | 1.8B | |
Other Liab | 5.6B | 8.1B | 7.3B | 8.3B | 9.6B | 10.1B | |
Net Tangible Assets | (14.7B) | (14.6B) | (21.1B) | (38.0B) | (34.2B) | (32.5B) | |
Property Plant And Equipment Net | 13.9B | 14.0B | 15.3B | 15.9B | 15.7B | 9.1B | |
Current Deferred Revenue | 1.4B | 1.5B | 1.4B | 1.2B | (64M) | (60.8M) | |
Net Debt | 20.4B | 21.0B | 26.5B | 47.9B | 42.3B | 44.4B | |
Accounts Payable | 2.9B | 3.0B | 3.7B | 4.1B | 4.2B | 2.5B | |
Cash | 2.0B | 2.7B | 2.6B | 2.9B | 3.3B | 1.8B | |
Non Current Assets Total | 38.9B | 41.7B | 49.6B | 71.6B | 67.5B | 70.9B | |
Non Currrent Assets Other | 201M | 272M | 297M | 245M | 9.7B | 10.1B | |
Other Assets | 2.5B | 3.2B | 3.4B | 8.9B | 10.2B | 10.7B | |
Long Term Debt | 21.3B | 23.2B | 27.5B | 46.7B | 39.5B | 41.5B | |
Cash And Short Term Investments | 2.0B | 2.7B | 2.6B | 2.9B | 3.8B | 2.0B | |
Net Receivables | 5.3B | 4.8B | 5.4B | 6.9B | 5.8B | 4.2B | |
Good Will | 5.2B | 5.2B | 8.6B | 15.5B | 14.1B | 14.8B | |
Short Term Investments | 734M | 1.4B | 1.4B | 1.4B | 587M | 740.4M | |
Liabilities And Stockholders Equity | 51.8B | 54.7B | 64.2B | 89.5B | 63.9B | 39.2B | |
Non Current Liabilities Total | 40.7B | 42.8B | 51.2B | 71.0B | 49.5B | 28.5B | |
Inventory | 5.3B | 5.3B | 6.4B | 7.7B | 3.7B | 3.4B | |
Other Current Assets | 1.3B | 1.9B | 1.5B | 2.0B | 1.6B | 1.1B | |
Other Stockholder Equity | (217M) | (235M) | (2.3B) | (2.2B) | (2.0B) | (1.9B) | |
Total Liab | 40.7B | 43.4B | 51.2B | 71.0B | 63.9B | 67.0B | |
Long Term Investments | 5.8B | 10.5B | 10.0B | 15.0B | 7.1B | 5.1B | |
Short Long Term Debt | 1.1B | 610M | 1.6B | 3.8B | 3.3B | 3.5B | |
Total Current Assets | 12.9B | 13.0B | 14.6B | 17.9B | 14.9B | 10.1B | |
Short Term Debt | 1.4B | 832M | 3.2B | 4.7B | 3.6B | 3.8B | |
Intangible Assets | 11.6B | 11.3B | 14.8B | 24.0B | 20.8B | 21.9B | |
Common Stock | 2.3B | 2.3B | 2.2B | 2.1B | 2.1B | 2.1B | |
Property Plant Equipment | 13.9B | 14.0B | 15.3B | 15.9B | 18.3B | 19.2B | |
Retained Earnings | (217M) | (235M) | 63M | 97M | 549M | 576.5M | |
Net Invested Capital | 24.5B | 25.7B | 31.3B | 48.1B | 44.7B | 30.1B | |
Net Working Capital | 1.8B | 2.4B | 13.0B | 1.4B | 530M | 503.5M |
Pair Trading with Brookfield Business
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 Brookfield Business 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 Brookfield Business will appreciate offsetting losses from the drop in the long position's value.Moving against Brookfield Stock
The ability to find closely correlated positions to Brookfield Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Business 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 Brookfield Business - 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 Brookfield Business Partners to buy it.
The correlation of Brookfield Business 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 Brookfield Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Business 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 Brookfield Business 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Business Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..