| BIGBLOC Stock | | | 66.79 1.54 2.25% |
Bigbloc Construction financial indicator trend analysis is way more than just evaluating Bigbloc Construction prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bigbloc Construction is a good investment. Please check the relationship between Bigbloc Construction Net Tangible Assets and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bigbloc Construction Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Net Tangible Assets vs Long Term Debt
Net Tangible Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bigbloc Construction Net Tangible Assets account and
Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bigbloc Construction's Net Tangible Assets and Long Term Debt is 0.74. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Bigbloc Construction Limited, assuming nothing else is changed. The correlation between historical values of Bigbloc Construction's Net Tangible Assets and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Bigbloc Construction Limited are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Tangible Assets i.e., Bigbloc Construction's Net Tangible Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.74 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Long Term Debt
Long-term debt is a debt that Bigbloc Construction has held for over one year. Long-term debt appears on Bigbloc Construction Limited 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 Bigbloc Construction Limited 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.
Most indicators from Bigbloc Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bigbloc 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 Bigbloc Construction Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Tax Provision is expected to grow to about 125.9
M, whereas
Selling General Administrative is forecasted to decline to about 35.2
M.
Bigbloc Construction fundamental ratios Correlations
Click cells to compare fundamentals
Bigbloc Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bigbloc Construction fundamental ratios Accounts
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Other Information on Investing in Bigbloc Stock
Balance Sheet is a snapshot of the
financial position of Bigbloc Construction at a specified time, usually calculated after every quarter, six months, or one year. Bigbloc Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bigbloc 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 Bigbloc currently owns. An asset can also be divided into two categories, current and non-current.