Bird Non Current Liabilities Total vs Accounts Payable Analysis

BDT Stock  CAD 24.66  0.51  2.11%   
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 Non Current Liabilities Total and its Accounts Payable 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.

Non Current Liabilities Total vs Accounts Payable

Non Current Liabilities Total vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bird Construction Non Current Liabilities Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bird Construction's Non Current Liabilities Total and Accounts Payable is 0.75. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Accounts Payable 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 Non Current Liabilities Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Bird Construction are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Liabilities Total i.e., Bird Construction's Non Current Liabilities Total and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Accounts Payable

An accounting item on the balance sheet that represents Bird Construction 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 Bird Construction 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.
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 7th of February 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

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Moving against Bird Stock

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  0.63TBL Taiga Building ProductsPairCorr
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.