Bird Depreciation And Amortization vs Total Other Income Expense Net Analysis

BDT Stock  CAD 24.60  0.08  0.33%   
Bird Construction financial indicator trend analysis is way more than just evaluating Bird Construction prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bird Construction is a good investment. Please check the relationship between Bird Construction Depreciation And Amortization and its Total Other Income Expense Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bird Construction. 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.

Depreciation And Amortization vs Total Other Income Expense Net

Depreciation And Amortization vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bird Construction Depreciation And Amortization account and Total Other Income Expense Net. At this time, the significance of the direction appears to have pay attention.
The correlation between Bird Construction's Depreciation And Amortization and Total Other Income Expense Net is -0.74. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of Bird Construction, assuming nothing else is changed. The correlation between historical values of Bird Construction's Depreciation And Amortization and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Bird Construction are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Depreciation And Amortization i.e., Bird Construction's Depreciation And Amortization and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.74
Relationship DirectionNegative 
Relationship StrengthWeak

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Other Income Expense Net

Most indicators from Bird Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bird Construction 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 Bird Construction. 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.
At this time, Bird Construction's Tax Provision is very stable compared to the past year. As of the 30th of January 2025, Enterprise Value Over EBITDA is likely to grow to 5.58, while Selling General Administrative is likely to drop about 81.5 M.
 2022 2023 2024 2025 (projected)
Gross Profit201.8M240.5M276.6M290.4M
Total Revenue2.4B2.8B3.2B3.4B

Bird Construction fundamental ratios Correlations

0.660.820.960.970.970.40.870.810.370.960.25-0.110.990.8-0.80.75-0.191.00.951.0-0.010.750.940.560.9
0.660.720.630.780.590.620.410.720.030.810.22-0.310.60.67-0.580.52-0.140.670.730.61-0.20.810.80.530.76
0.820.720.740.80.770.320.630.990.480.780.28-0.120.790.89-0.790.57-0.20.830.750.820.10.890.760.30.68
0.960.630.740.920.920.320.950.760.330.930.13-0.140.960.8-0.740.69-0.130.940.930.96-0.220.610.90.560.94
0.970.780.80.920.930.520.770.80.270.990.31-0.170.940.79-0.820.78-0.210.970.950.94-0.070.820.980.580.92
0.970.590.770.920.930.440.830.750.30.920.24-0.20.980.7-0.720.79-0.110.970.950.970.030.720.930.640.87
0.40.620.320.320.520.440.120.26-0.60.560.35-0.750.420.14-0.130.36-0.210.420.590.350.190.60.590.710.55
0.870.410.630.950.770.830.120.660.380.77-0.03-0.070.890.73-0.630.55-0.070.830.820.88-0.260.410.740.430.83
0.810.720.990.760.80.750.260.660.50.780.26-0.090.780.92-0.820.54-0.210.820.750.81-0.010.840.750.280.7
0.370.030.480.330.270.3-0.60.380.50.19-0.070.760.310.56-0.590.260.040.370.090.410.050.250.16-0.40.06
0.960.810.780.930.990.920.560.770.780.190.28-0.240.930.77-0.780.77-0.180.950.960.93-0.130.790.990.640.95
0.250.220.280.130.310.240.35-0.030.26-0.070.28-0.230.260.11-0.250.3-0.660.280.280.240.380.330.220.20.2
-0.11-0.31-0.12-0.14-0.17-0.2-0.75-0.07-0.090.76-0.24-0.23-0.190.08-0.2-0.140.14-0.1-0.36-0.070.04-0.19-0.26-0.67-0.35
0.990.60.790.960.940.980.420.890.780.310.930.26-0.190.76-0.750.74-0.20.980.950.990.010.710.920.580.9
0.80.670.890.80.790.70.140.730.920.560.770.110.080.76-0.880.39-0.060.790.710.8-0.140.730.710.090.71
-0.8-0.58-0.79-0.74-0.82-0.72-0.13-0.63-0.82-0.59-0.78-0.25-0.2-0.75-0.88-0.540.15-0.81-0.68-0.80.09-0.7-0.73-0.1-0.65
0.750.520.570.690.780.790.360.550.540.260.770.3-0.140.740.39-0.54-0.180.760.690.740.030.610.80.660.63
-0.19-0.14-0.2-0.13-0.21-0.11-0.21-0.07-0.210.04-0.18-0.660.14-0.2-0.060.15-0.18-0.2-0.19-0.19-0.26-0.2-0.15-0.17-0.13
1.00.670.830.940.970.970.420.830.820.370.950.28-0.10.980.79-0.810.76-0.20.940.990.050.790.940.550.88
0.950.730.750.930.950.950.590.820.750.090.960.28-0.360.950.71-0.680.69-0.190.940.93-0.10.720.960.720.97
1.00.610.820.960.940.970.350.880.810.410.930.24-0.070.990.8-0.80.74-0.190.990.930.020.730.910.520.87
-0.01-0.20.1-0.22-0.070.030.19-0.26-0.010.05-0.130.380.040.01-0.140.090.03-0.260.05-0.10.020.29-0.11-0.14-0.27
0.750.810.890.610.820.720.60.410.840.250.790.33-0.190.710.73-0.70.61-0.20.790.720.730.290.80.390.64
0.940.80.760.90.980.930.590.740.750.160.990.22-0.260.920.71-0.730.8-0.150.940.960.91-0.110.80.710.93
0.560.530.30.560.580.640.710.430.28-0.40.640.2-0.670.580.09-0.10.66-0.170.550.720.52-0.140.390.710.7
0.90.760.680.940.920.870.550.830.70.060.950.2-0.350.90.71-0.650.63-0.130.880.970.87-0.270.640.930.7
Click cells to compare fundamentals

Bird Construction Account Relationship Matchups

Bird Construction fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.1B1.1B1.2B1.4B1.6B1.7B
Other Current Liab31.3M41.4M29.7M26.6M30.6M17.0M
Total Current Liabilities684.6M721.3M785.7M914.5M1.1B535.2M
Total Stockholder Equity212.6M243.5M273.0M322.5M370.9M389.4M
Property Plant And Equipment Net120.9M122.5M121.6M130.4M150.0M157.5M
Current Deferred Revenue120.1M130.3M147.0M206.3M237.3M249.2M
Net Debt(61.1M)32.4M36.7M(26.2M)(30.1M)(31.6M)
Retained Earnings102.5M126.9M156.5M205.3M236.1M247.9M
Accounts Payable490.5M514.3M570.7M640.0M736.0M391.2M
Cash212.1M125.7M111.6M177.5M204.2M167.9M
Non Current Assets Total241.7M264.1M259.0M275.9M317.3M333.1M
Non Currrent Assets Other13.2M9.1M5.5M3.6M4.2M4.4M
Cash And Short Term Investments212.1M125.7M111.6M79.9M91.9M175.2M
Net Receivables558.4M648.7M757.5M946.0M1.1B1.1B
Common Stock Shares Outstanding45.3M53.3M53.7M53.8M61.8M46.7M
Short Term Investments1.3M4.9M3.0M48K43.2K41.0K
Liabilities And Stockholders Equity1.1B1.1B1.2B1.4B1.6B1.7B
Other Current Assets157.4M19.9M22.3M110.5M127.1M133.4M
Total Liab849.2M893.7M956.3M1.1B1.3B1.3B
Property Plant And Equipment Gross120.9M230.9M249.9M271.1M311.8M327.4M
Total Current Assets820.1M873.1M970.3M1.1B1.3B1.4B
Accumulated Other Comprehensive Income70K13K(89K)(41K)(47.2K)(49.5K)
Short Term Debt26.8M27.3M24.9M29.1M33.4M35.1M
Short Long Term Debt Total151.0M158.0M148.4M151.4M174.1M87.2M
Non Current Liabilities Total164.6M172.4M170.6M187.4M215.5M226.3M
Inventory8.0M9.4M10.4M12.1M13.9M14.6M
Intangible Assets27.5M30.5M34.7M46.4M53.4M56.0M
Other Liab22.3M40.3M41.6M47.1M54.2M29.2M
Net Tangible Assets108.8M152.0M157.3M182.5M209.9M156.8M
Other Assets45.2M41.9M37.1M1.01.151.09
Long Term Debt64.9M71.2M68.0M64.6M74.3M37.8M
Short Long Term Debt8.0M7.5M7.1M8.3M7.5M7.1M
Property Plant Equipment80.5M120.9M122.5M121.6M139.8M84.6M
Long Term Debt Total57.8M124.2M130.8M123.5M142.0M149.1M
Capital Lease Obligations78.1M79.4M73.3M78.4M90.2M49.2M

Pair Trading with Bird Construction

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

Moving together with Bird Stock

  0.8NRR-UN Northview ResidentialPairCorr

Moving against Bird Stock

  0.83BRY Bri Chem CorpPairCorr
  0.72FF First Mining GoldPairCorr
  0.49NVO Novo Resources CorpPairCorr
  0.33XLY Auxly Cannabis GroupPairCorr
The ability to find closely correlated positions to Bird Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bird Construction 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 Bird Construction - 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 Bird Construction to buy it.
The correlation of Bird Construction 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 Bird Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bird Construction 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 Bird Construction 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 CorrelationCorrelation Matching

Other Information on Investing in Bird Stock

Balance Sheet is a snapshot of the financial position of Bird Construction at a specified time, usually calculated after every quarter, six months, or one year. Bird Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bird Construction and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bird currently owns. An asset can also be divided into two categories, current and non-current.