Black Total Liab vs Net Debt 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 Total Liab and its Net Debt 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.
Total Liab vs Net Debt
Total Liab vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Iron Total Liab account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Black Iron's Total Liab and Net Debt is 0.18. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Debt 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 Total Liab and Net 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 Total Liab of Black Iron are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Liab i.e., Black Iron's Total Liab and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.18 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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
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Black Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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.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.