Black Net Borrowings vs Free Cash Flow Analysis

Stocks . Canada . 
Stock . Black Iron
BKI Stock  CAD 0.09  0.01  10.00%   
Black Iron financial indicator trend analysis is way more than just evaluating Black Iron prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Black Iron is a good investment. Please check the relationship between Black Iron Net Borrowings and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Black Iron. 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.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Iron Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Black Iron's Net Borrowings and Free Cash Flow is -0.34. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Black Iron, assuming nothing else is changed. The correlation between historical values of Black Iron's Net Borrowings and Free Cash Flow 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 Borrowings of Black Iron are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Black Iron's Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Black Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Black Iron 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 Black Iron. 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.
As of the 27th of November 2024, Enterprise Value is likely to grow to about 15 M, while Selling General Administrative is likely to drop about 887.3 K.

Black Iron fundamental ratios Correlations

Total Assets
Other Current Liab
Total Current Liabilities
Total Stockholder Equity
Property Plant And Equipment Net
Net Debt
Retained Earnings
Cash
Non Current Assets Total
Non Currrent Assets Other
Cash And Short Term Investments
Net Receivables
Common Stock Shares Outstanding
Non Current Liabilities Total
Other Current Assets
Other Stockholder Equity
Total Liab
Property Plant And Equipment Gross
Total Current Assets
Accounts Payable
Common Stock
Net Tangible Assets
Property Plant Equipment
Other Liab
Inventory
Net Invested Capital
Total Assets
0.570.150.990.96-0.840.960.840.960.50.830.38-0.61-0.30.72-0.62-0.230.960.83-0.34-0.510.880.92-0.59-0.240.5
Other Current Liab
0.570.670.60.49-0.550.520.550.490.170.560.7-0.27-0.280.75-0.02-0.150.490.57-0.21-0.120.50.54-0.2-0.110.5
Total Current Liabilities
0.150.670.170.11-0.24-0.040.240.11-0.090.190.650.44-0.170.260.23-0.010.110.210.570.560.190.190.40.410.25
Total Stockholder Equity
0.990.60.170.97-0.810.950.810.970.510.80.4-0.6-0.350.74-0.64-0.290.970.81-0.36-0.490.860.91-0.58-0.260.53
Property Plant And Equipment Net
0.960.490.110.97-0.660.920.661.00.530.640.36-0.58-0.270.57-0.75-0.221.00.65-0.34-0.490.860.94-0.55-0.220.44
Net Debt
-0.84-0.55-0.24-0.81-0.66-0.77-1.0-0.66-0.32-0.99-0.320.480.27-0.810.220.18-0.66-0.990.170.38-0.71-0.660.480.16-0.47
Retained Earnings
0.960.52-0.040.950.92-0.770.770.920.490.780.27-0.78-0.290.71-0.61-0.270.920.78-0.56-0.720.850.89-0.77-0.420.51
Cash
0.840.550.240.810.66-1.00.770.660.320.990.32-0.48-0.260.81-0.22-0.180.660.99-0.17-0.380.70.66-0.49-0.160.47
Non Current Assets Total
0.960.490.110.971.0-0.660.920.660.530.640.36-0.58-0.270.57-0.75-0.221.00.65-0.34-0.50.860.94-0.55-0.220.44
Non Currrent Assets Other
0.50.17-0.090.510.53-0.320.490.320.530.290.27-0.280.10.39-0.570.120.530.3-0.24-0.280.20.36-0.290.18-0.06
Cash And Short Term Investments
0.830.560.190.80.64-0.990.780.990.640.290.3-0.52-0.290.82-0.21-0.210.641.0-0.24-0.420.70.64-0.52-0.250.51
Net Receivables
0.380.70.650.40.36-0.320.270.320.360.270.30.05-0.110.33-0.21-0.030.360.330.060.160.280.30.020.080.43
Common Stock Shares Outstanding
-0.61-0.270.44-0.6-0.580.48-0.78-0.48-0.58-0.28-0.520.050.22-0.480.380.25-0.58-0.510.860.96-0.6-0.60.890.63-0.38
Non Current Liabilities Total
-0.3-0.28-0.17-0.35-0.270.27-0.29-0.26-0.270.1-0.29-0.110.22-0.20.160.96-0.27-0.280.110.07-0.47-0.280.320.39-0.8
Other Current Assets
0.720.750.260.740.57-0.810.710.810.570.390.820.33-0.48-0.2-0.13-0.110.570.83-0.36-0.370.470.54-0.39-0.250.31
Other Stockholder Equity
-0.62-0.020.23-0.64-0.750.22-0.61-0.22-0.75-0.57-0.21-0.210.380.16-0.130.18-0.75-0.210.320.35-0.43-0.520.350.16-0.22
Total Liab
-0.23-0.15-0.01-0.29-0.220.18-0.27-0.18-0.220.12-0.21-0.030.250.96-0.110.18-0.22-0.210.180.14-0.41-0.210.410.48-0.8
Property Plant And Equipment Gross
0.960.490.110.971.0-0.660.920.661.00.530.640.36-0.58-0.270.57-0.75-0.220.65-0.34-0.490.860.94-0.55-0.220.44
Total Current Assets
0.830.570.210.810.65-0.990.780.990.650.31.00.33-0.51-0.280.83-0.21-0.210.65-0.24-0.410.70.65-0.51-0.240.51
Accounts Payable
-0.34-0.210.57-0.36-0.340.17-0.56-0.17-0.34-0.24-0.240.060.860.11-0.360.320.18-0.34-0.240.85-0.28-0.30.720.67-0.26
Common Stock
-0.51-0.120.56-0.49-0.490.38-0.72-0.38-0.5-0.28-0.420.160.960.07-0.370.350.14-0.49-0.410.85-0.5-0.520.920.64-0.26
Net Tangible Assets
0.880.50.190.860.86-0.710.850.70.860.20.70.28-0.6-0.470.47-0.43-0.410.860.7-0.28-0.50.95-0.64-0.320.67
Property Plant Equipment
0.920.540.190.910.94-0.660.890.660.940.360.640.3-0.6-0.280.54-0.52-0.210.940.65-0.3-0.520.95-0.59-0.230.47
Other Liab
-0.59-0.20.4-0.58-0.550.48-0.77-0.49-0.55-0.29-0.520.020.890.32-0.390.350.41-0.55-0.510.720.92-0.64-0.590.65-0.53
Inventory
-0.24-0.110.41-0.26-0.220.16-0.42-0.16-0.220.18-0.250.080.630.39-0.250.160.48-0.22-0.240.670.64-0.32-0.230.65-0.51
Net Invested Capital
0.50.50.250.530.44-0.470.510.470.44-0.060.510.43-0.38-0.80.31-0.22-0.80.440.51-0.26-0.260.670.47-0.53-0.51
Click cells to compare fundamentals

Black Iron Account Relationship Matchups

High Positive Relationship

Non Current Assets Total
+ 1.0
Property Plant And Equipment Net
Property Plant And Equipment Gross
+ 1.0
Property Plant And Equipment Net
Property Plant And Equipment Gross
+ 1.0
Non Current Assets Total
Total Current Assets
+ 1.0
Cash And Short Term Investments
Total Stockholder Equity
+ 0.99
Total Assets
Cash And Short Term Investments
+ 0.99
Cash

High Negative Relationship

Cash
- 1.0
Net Debt
Total Current Assets
- 0.99
Net Debt
Cash And Short Term Investments
- 0.99
Net Debt
Net Debt
- 0.84
Total Assets
Other Current Assets
- 0.81
Net Debt
Net Debt
- 0.81
Total Stockholder Equity

Black Iron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4M1.8M6.4M2.3M1.2M1.1M
Other Current Liab34.6K55.6K908.8K45.3K283.2K277.4K
Total Current Liabilities403.9K611.2K1.7M1.0M1.3M886.6K
Total Stockholder Equity(1.7M)(5.7M)4.7M1.3M(153.9K)(146.3K)
Property Plant And Equipment Net2.7K4.2K7.0K3.6K1.6K1.5K
Net Debt(816.1K)(1.5M)(5.7M)(2.3M)(1.1M)(1.2M)
Retained Earnings(70.6M)(79.6M)(85.4M)(88.6M)(86.5M)(90.8M)
Cash988.8K1.7M5.7M2.3M1.1M1.0M
Non Current Assets Total300.2K45.8K7.0K3.6K1.6K1.5K
Non Currrent Assets Other9.8K2.4K297.5K41.6K37.5K35.6K
Cash And Short Term Investments988.8K1.7M5.7M2.3M1.1M1.0M
Net Receivables102.6K83.1K692.1K64.7K66.0K62.7K
Common Stock Shares Outstanding179.8M226.0M282.2M303.8M304.0M211.5M
Liabilities And Stockholders Equity1.4M1.8M6.4M2.3M1.2M1.1M
Non Current Liabilities Total306.7K2.7M6.9M827.7K980.3K0.0
Other Current Assets102.6483.08692.0964.7166.0162.71
Other Stockholder Equity551.8K1.3M6.0M6.0M2.3M2.4M
Total Liab3.1M7.5M1.7M1.0M1.3M1.7M
Property Plant And Equipment Gross2.7K4.2K7.0K3.6K1.6K1.5K
Total Current Assets1.1M1.7M6.4M2.3M1.2M1.1M
Accumulated Other Comprehensive Income551.811.3K(17.7K)(190.1K)(187.4K)(196.7K)
Accounts Payable369.2K555.6K827.7K980.3K1.0M547.2K
Common Stock68.3M72.6M84.1M84.1M84.2M79.2M
Net Tangible Assets(1.7M)(5.7M)4.7M1.3M1.2M1.1M
Property Plant Equipment2.7K4.2K7.0K3.6K3.2K3.1K
Inventory(102.64)(83.08)(692.09)(64.71)(66.01)(69.31)
Net Invested Capital(1.6M)(5.6M)4.7M1.3M(153.9K)(146.3K)
Net Working Capital687.6K1.1M4.7M1.3M(155.5K)(147.7K)
Capital Stock68.3M72.6M84.1M84.1M84.2M84.5M

Pair Trading with Black Iron

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 Black Iron 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 Black Iron will appreciate offsetting losses from the drop in the long position's value.

Moving against Black Stock

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The ability to find closely correlated positions to Black Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Iron 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 Black Iron - 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 Black Iron to buy it.
The correlation of Black Iron 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 Black Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Iron 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 Black Iron 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 Black Stock

Balance Sheet is a snapshot of the financial position of Black Iron at a specified time, usually calculated after every quarter, six months, or one year. Black Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Black Iron 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 Black currently owns. An asset can also be divided into two categories, current and non-current.
Profit & Loss
Statement
Details
Cash Flow
Statement
Details
Financial
Indicators
Details
Valuation
Indicators
Details
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