Black Other Current Liab vs Other Current Assets Analysis

BKI Stock

CAD 0.09 0.01 5.56%

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 Other Current Liab and its Other Current Assets 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.

Other Current Liab vs Other Current Assets

Other Current Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Iron Other Current Liab account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Black Iron's Other Current Liab and Other Current Assets is 0.76. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Current Assets 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 Other Current Liab and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Black Iron are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Current Liab i.e., Black Iron's Other Current Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Other Current Liab

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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 23rd 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		0.59	0.15	0.99	0.96	-0.84	0.96	0.84	0.96	0.5	0.83	0.38	-0.61	-0.3	0.72	0.74	-0.23	0.96	0.83	-0.4	-0.51	0.88	0.92	-0.59	-0.24	0.5
Other Current Liab	0.59		0.71	0.62	0.52	-0.57	0.53	0.56	0.52	0.2	0.56	0.73	-0.25	-0.26	0.76	0.77	-0.12	0.52	0.58	-0.19	-0.1	0.51	0.57	-0.18	-0.1	0.47
Total Current Liabilities	0.15	0.71		0.17	0.11	-0.24	-0.04	0.24	0.11	-0.09	0.19	0.65	0.44	-0.17	0.27	0.36	-0.01	0.11	0.21	0.54	0.56	0.19	0.19	0.4	0.41	0.25
Total Stockholder Equity	0.99	0.62	0.17		0.97	-0.81	0.95	0.81	0.97	0.51	0.8	0.4	-0.6	-0.35	0.74	0.76	-0.29	0.97	0.81	-0.42	-0.49	0.86	0.91	-0.58	-0.26	0.53
Property Plant And Equipment Net	0.96	0.52	0.11	0.97		-0.66	0.92	0.66	1.0	0.53	0.64	0.36	-0.58	-0.27	0.58	0.6	-0.22	1.0	0.65	-0.41	-0.49	0.86	0.94	-0.55	-0.22	0.44
Net Debt	-0.84	-0.57	-0.24	-0.81	-0.66		-0.77	-1.0	-0.66	-0.32	-0.99	-0.32	0.48	0.27	-0.79	-0.83	0.18	-0.66	-0.99	0.22	0.38	-0.71	-0.66	0.48	0.16	-0.47
Retained Earnings	0.96	0.53	-0.04	0.95	0.92	-0.77		0.77	0.92	0.49	0.78	0.27	-0.78	-0.29	0.71	0.69	-0.27	0.92	0.78	-0.61	-0.72	0.85	0.89	-0.77	-0.42	0.51
Cash	0.84	0.56	0.24	0.81	0.66	-1.0	0.77		0.66	0.32	0.99	0.32	-0.48	-0.26	0.79	0.83	-0.18	0.66	0.99	-0.22	-0.38	0.7	0.66	-0.49	-0.16	0.47
Non Current Assets Total	0.96	0.52	0.11	0.97	1.0	-0.66	0.92	0.66		0.53	0.64	0.36	-0.58	-0.27	0.58	0.6	-0.22	1.0	0.65	-0.41	-0.5	0.86	0.94	-0.55	-0.22	0.44
Non Currrent Assets Other	0.5	0.2	-0.09	0.51	0.53	-0.32	0.49	0.32	0.53		0.29	0.27	-0.28	0.1	0.39	0.44	0.12	0.53	0.3	-0.3	-0.28	0.2	0.36	-0.29	0.18	-0.06
Cash And Short Term Investments	0.83	0.56	0.19	0.8	0.64	-0.99	0.78	0.99	0.64	0.29		0.3	-0.52	-0.29	0.81	0.83	-0.21	0.64	1.0	-0.28	-0.42	0.7	0.64	-0.52	-0.25	0.51
Net Receivables	0.38	0.73	0.65	0.4	0.36	-0.32	0.27	0.32	0.36	0.27	0.3		0.05	-0.11	0.34	0.4	-0.03	0.36	0.33	0.01	0.16	0.28	0.3	0.02	0.08	0.43
Common Stock Shares Outstanding	-0.61	-0.25	0.44	-0.6	-0.58	0.48	-0.78	-0.48	-0.58	-0.28	-0.52	0.05		0.22	-0.47	-0.38	0.25	-0.58	-0.51	0.9	0.96	-0.6	-0.6	0.89	0.63	-0.38
Non Current Liabilities Total	-0.3	-0.26	-0.17	-0.35	-0.27	0.27	-0.29	-0.26	-0.27	0.1	-0.29	-0.11	0.22		-0.19	-0.17	0.96	-0.27	-0.28	0.09	0.07	-0.47	-0.28	0.32	0.39	-0.8
Other Current Assets	0.72	0.76	0.27	0.74	0.58	-0.79	0.71	0.79	0.58	0.39	0.81	0.34	-0.47	-0.19		0.98	-0.1	0.58	0.82	-0.41	-0.36	0.47	0.55	-0.38	-0.25	0.3
Other Stockholder Equity	0.74	0.77	0.36	0.76	0.6	-0.83	0.69	0.83	0.6	0.44	0.83	0.4	-0.38	-0.17	0.98		-0.06	0.6	0.84	-0.28	-0.26	0.48	0.56	-0.3	-0.1	0.28
Total Liab	-0.23	-0.12	-0.01	-0.29	-0.22	0.18	-0.27	-0.18	-0.22	0.12	-0.21	-0.03	0.25	0.96	-0.1	-0.06		-0.22	-0.21	0.15	0.14	-0.41	-0.21	0.41	0.48	-0.8
Property Plant And Equipment Gross	0.96	0.52	0.11	0.97	1.0	-0.66	0.92	0.66	1.0	0.53	0.64	0.36	-0.58	-0.27	0.58	0.6	-0.22		0.65	-0.41	-0.49	0.86	0.94	-0.55	-0.22	0.44
Total Current Assets	0.83	0.58	0.21	0.81	0.65	-0.99	0.78	0.99	0.65	0.3	1.0	0.33	-0.51	-0.28	0.82	0.84	-0.21	0.65		-0.28	-0.41	0.7	0.65	-0.51	-0.24	0.51
Accounts Payable	-0.4	-0.19	0.54	-0.42	-0.41	0.22	-0.61	-0.22	-0.41	-0.3	-0.28	0.01	0.9	0.09	-0.41	-0.28	0.15	-0.41	-0.28		0.88	-0.32	-0.37	0.75	0.71	-0.25
Common Stock	-0.51	-0.1	0.56	-0.49	-0.49	0.38	-0.72	-0.38	-0.5	-0.28	-0.42	0.16	0.96	0.07	-0.36	-0.26	0.14	-0.49	-0.41	0.88		-0.5	-0.52	0.92	0.64	-0.26
Net Tangible Assets	0.88	0.51	0.19	0.86	0.86	-0.71	0.85	0.7	0.86	0.2	0.7	0.28	-0.6	-0.47	0.47	0.48	-0.41	0.86	0.7	-0.32	-0.5		0.95	-0.64	-0.32	0.67
Property Plant Equipment	0.92	0.57	0.19	0.91	0.94	-0.66	0.89	0.66	0.94	0.36	0.64	0.3	-0.6	-0.28	0.55	0.56	-0.21	0.94	0.65	-0.37	-0.52	0.95		-0.59	-0.23	0.47
Other Liab	-0.59	-0.18	0.4	-0.58	-0.55	0.48	-0.77	-0.49	-0.55	-0.29	-0.52	0.02	0.89	0.32	-0.38	-0.3	0.41	-0.55	-0.51	0.75	0.92	-0.64	-0.59		0.65	-0.53
Inventory	-0.24	-0.1	0.41	-0.26	-0.22	0.16	-0.42	-0.16	-0.22	0.18	-0.25	0.08	0.63	0.39	-0.25	-0.1	0.48	-0.22	-0.24	0.71	0.64	-0.32	-0.23	0.65		-0.51
Net Invested Capital	0.5	0.47	0.25	0.53	0.44	-0.47	0.51	0.47	0.44	-0.06	0.51	0.43	-0.38	-0.8	0.3	0.28	-0.8	0.44	0.51	-0.25	-0.26	0.67	0.47	-0.53	-0.51

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Black Iron Account Relationship Matchups

Black Iron fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4M	1.8M	6.4M	2.3M	1.2M	1.1M
Other Current Liab	34.6K	55.6K	908.8K	45.3K	283.2K	262.0K
Total Current Liabilities	403.9K	611.2K	1.7M	1.0M	1.3M	886.6K
Total Stockholder Equity	(1.7M)	(5.7M)	4.7M	1.3M	(153.9K)	(146.3K)
Property Plant And Equipment Net	2.7K	4.2K	7.0K	3.6K	1.6K	1.5K
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)
Cash	988.8K	1.7M	5.7M	2.3M	1.1M	1.0M
Non Current Assets Total	300.2K	45.8K	7.0K	3.6K	1.6K	1.5K
Non Currrent Assets Other	9.8K	2.4K	297.5K	41.6K	37.5K	35.6K
Cash And Short Term Investments	988.8K	1.7M	5.7M	2.3M	1.1M	1.0M
Net Receivables	102.6K	83.1K	692.1K	64.7K	66.0K	62.7K
Common Stock Shares Outstanding	179.8M	226.0M	282.2M	303.8M	304.0M	211.5M
Liabilities And Stockholders Equity	1.4M	1.8M	6.4M	2.3M	1.2M	1.1M
Non Current Liabilities Total	306.7K	2.7M	6.9M	827.7K	980.3K	0.0
Other Current Assets	102.64	83.08	692.09	64.71	66.01	62.71
Other Stockholder Equity	551.8K	1.3M	6.0M	6.0M	2.3M	2.2M
Total Liab	3.1M	7.5M	1.7M	1.0M	1.3M	1.7M
Property Plant And Equipment Gross	2.7K	4.2K	7.0K	3.6K	1.6K	1.5K
Total Current Assets	1.1M	1.7M	6.4M	2.3M	1.2M	1.1M
Accumulated Other Comprehensive Income	551.81	1.3K	(17.7K)	(190.1K)	(187.4K)	(196.7K)
Accounts Payable	369.2K	555.6K	827.7K	980.3K	1.0M	570.2K
Common Stock	68.3M	72.6M	84.1M	84.1M	84.2M	79.2M
Net Tangible Assets	(1.7M)	(5.7M)	4.7M	1.3M	1.2M	1.1M
Property Plant Equipment	2.7K	4.2K	7.0K	3.6K	3.2K	3.1K
Inventory	(102.64)	(83.08)	(692.09)	(64.71)	(66.01)	(69.31)
Net Invested Capital	(1.6M)	(5.6M)	4.7M	1.3M	(153.9K)	(146.3K)
Net Working Capital	687.6K	1.1M	4.7M	1.3M	(155.5K)	(147.7K)
Capital Stock	68.3M	72.6M	84.1M	84.1M	84.2M	84.5M

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

0.71	ORE	Orezone Gold Corp	Pair Corr
0.52	INFM	Infinico Metals Corp	Pair Corr

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 Correlation Correlation 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.

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Black Other Current Liab vs Other Current Assets Analysis

Other Current Liab vs Other Current Assets

Other Current Liab vs Other Current Assets Correlation Analysis

Correlation Coefficient

Other Current Liab

Other Current Assets

Black Iron fundamental ratios Correlations

Black Iron Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Black Iron fundamental ratios Accounts

Pair Trading with Black Iron

Moving against Black Stock

Other Information on Investing in Black Stock

COMMON DESTINATIONS

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COMPANY

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

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 Stockholder Equity	- 0.83	Net Debt
Net Debt	- 0.81	Total Stockholder Equity