Blue Total Current Liabilities vs Other Assets Analysis

BLFY Stock  USD 11.23  0.06  0.53%   
Blue Foundry financial indicator trend analysis is way more than just evaluating Blue Foundry Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Foundry Bancorp is a good investment. Please check the relationship between Blue Foundry Total Current Liabilities and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Foundry Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Total Current Liabilities vs Other Assets

Total Current Liabilities vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Foundry Bancorp Total Current Liabilities account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Blue Foundry's Total Current Liabilities and Other Assets is 0.64. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Assets in the same time period over historical financial statements of Blue Foundry Bancorp, assuming nothing else is changed. The correlation between historical values of Blue Foundry's Total Current Liabilities and Other 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 Total Current Liabilities of Blue Foundry Bancorp are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Current Liabilities i.e., Blue Foundry's Total Current Liabilities and Other Assets go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Blue Foundry balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Blue Foundry Bancorp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Assets

Most indicators from Blue Foundry's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Foundry Bancorp 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 Blue Foundry Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Blue Foundry's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.76 in 2024, whereas Tax Provision is likely to drop slightly above 154.8 K in 2024.
 2021 2022 2023 2024 (projected)
Interest Income56.1M62.4M76.3M70.7M
Net Interest Income42.9M51.8M45.7M48.9M

Blue Foundry fundamental ratios Correlations

0.64-0.59-0.30.7-0.840.720.880.4-0.92-0.79-0.39-0.2-0.86-0.490.45-0.540.390.88-0.520.820.79-0.35-0.380.750.79
0.64-0.840.390.07-0.70.280.450.69-0.42-0.42-0.31-0.15-0.390.040.96-0.620.170.370.190.220.78-0.43-0.30.230.74
-0.59-0.84-0.1-0.070.76-0.17-0.27-0.830.280.430.650.580.170.22-0.860.72-0.42-0.31-0.32-0.12-0.740.130.64-0.16-0.74
-0.30.39-0.1-0.790.21-0.61-0.44-0.10.460.310.480.270.370.640.510.04-0.56-0.590.62-0.61-0.24-0.370.49-0.68-0.29
0.70.07-0.07-0.79-0.520.950.880.23-0.88-0.59-0.390.02-0.83-0.52-0.16-0.220.470.94-0.850.940.62-0.05-0.390.980.63
-0.84-0.70.760.21-0.52-0.59-0.61-0.710.670.90.740.160.530.15-0.630.9-0.18-0.740.31-0.51-0.790.530.73-0.56-0.77
0.720.28-0.17-0.610.95-0.590.920.38-0.9-0.61-0.390.15-0.85-0.340.06-0.330.390.95-0.770.910.75-0.19-0.390.990.75
0.880.45-0.27-0.440.88-0.610.920.27-0.98-0.6-0.20.03-0.98-0.470.19-0.250.440.95-0.710.970.77-0.22-0.20.940.78
0.40.69-0.83-0.10.23-0.710.380.27-0.23-0.38-0.83-0.33-0.10.00.72-0.770.390.370.210.120.8-0.11-0.830.310.79
-0.92-0.420.280.46-0.880.67-0.9-0.98-0.230.710.25-0.030.980.47-0.170.33-0.37-0.970.77-0.97-0.730.30.25-0.92-0.73
-0.79-0.420.430.31-0.590.9-0.61-0.6-0.380.710.58-0.090.570.09-0.320.80.07-0.770.6-0.57-0.530.680.58-0.57-0.5
-0.39-0.310.650.48-0.390.74-0.39-0.2-0.830.250.580.40.050.16-0.350.81-0.35-0.450.05-0.18-0.580.071.0-0.36-0.59
-0.2-0.150.580.270.020.160.150.03-0.33-0.03-0.090.4-0.090.73-0.180.06-0.770.01-0.390.0-0.24-0.640.390.04-0.32
-0.86-0.390.170.37-0.830.53-0.85-0.98-0.10.980.570.05-0.090.47-0.120.15-0.35-0.90.75-0.96-0.660.250.04-0.89-0.66
-0.490.040.220.64-0.520.15-0.34-0.470.00.470.090.160.730.470.19-0.18-0.85-0.440.27-0.59-0.31-0.590.16-0.48-0.39
0.450.96-0.860.51-0.16-0.630.060.190.72-0.17-0.32-0.35-0.18-0.120.19-0.660.060.140.41-0.040.64-0.41-0.33-0.010.61
-0.54-0.620.720.04-0.220.9-0.33-0.25-0.770.330.80.810.060.15-0.18-0.660.07-0.450.06-0.13-0.590.60.81-0.25-0.55
0.390.17-0.42-0.560.47-0.180.390.440.39-0.370.07-0.35-0.77-0.35-0.850.060.070.39-0.010.470.560.7-0.350.490.63
0.880.37-0.31-0.590.94-0.740.950.950.37-0.97-0.77-0.450.01-0.9-0.440.14-0.450.39-0.780.940.76-0.28-0.440.960.77
-0.520.19-0.320.62-0.850.31-0.77-0.710.210.770.60.05-0.390.750.270.410.06-0.01-0.78-0.82-0.210.310.06-0.78-0.21
0.820.22-0.12-0.610.94-0.510.910.970.12-0.97-0.57-0.180.0-0.96-0.59-0.04-0.130.470.94-0.820.64-0.09-0.180.960.66
0.790.78-0.74-0.240.62-0.790.750.770.8-0.73-0.53-0.58-0.24-0.66-0.310.64-0.590.560.76-0.210.64-0.15-0.580.731.0
-0.35-0.430.13-0.37-0.050.53-0.19-0.22-0.110.30.680.07-0.640.25-0.59-0.410.60.7-0.280.31-0.09-0.150.07-0.09-0.07
-0.38-0.30.640.49-0.390.73-0.39-0.2-0.830.250.581.00.390.040.16-0.330.81-0.35-0.440.06-0.18-0.580.07-0.36-0.58
0.750.23-0.16-0.680.98-0.560.990.940.31-0.92-0.57-0.360.04-0.89-0.48-0.01-0.250.490.96-0.780.960.73-0.09-0.360.74
0.790.74-0.74-0.290.63-0.770.750.780.79-0.73-0.5-0.59-0.32-0.66-0.390.61-0.550.630.77-0.210.661.0-0.07-0.580.74
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Blue Foundry Account Relationship Matchups

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