Boat Cash vs Long Term Debt Analysis
| BRMI Stock | CAD 0.66 0.01 1.54% |
Boat Rocker financial indicator trend analysis is way more than just evaluating Boat Rocker Media prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boat Rocker Media is a good investment. Please check the relationship between Boat Rocker Cash and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boat Rocker Media. 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.
Cash vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boat Rocker Media Cash account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Boat Rocker's Cash and Long Term Debt is 0.89. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Boat Rocker Media, assuming nothing else is changed. The correlation between historical values of Boat Rocker's Cash 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 Cash of Boat Rocker Media 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 Cash i.e., Boat Rocker's Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Boat Rocker Media, which is listed under current asset account on Boat Rocker Media balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Boat Rocker customers. The amounts must be unrestricted with restricted cash listed in a different Boat Rocker account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Long Term Debt
Long-term debt is a debt that Boat Rocker Media has held for over one year. Long-term debt appears on Boat Rocker Media 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 Boat Rocker Media 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 Boat Rocker's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boat Rocker Media 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 Boat Rocker Media. 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. At this time, Boat Rocker's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Multiple is likely to grow to 43.29, while Tax Provision is likely to drop about 5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 347.2M | 107.2M | 299.9M | 160.6M | Interest Income | 9.5M | 9.4M | 1.9M | 3.4M |
Boat Rocker fundamental ratios Correlations
Click cells to compare fundamentals
Boat Rocker Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Boat Rocker
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 Boat Rocker 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 Boat Rocker will appreciate offsetting losses from the drop in the long position's value.Moving against Boat Stock
| 0.84 | WMT | Walmart Inc CDR | PairCorr |
| 0.75 | AMZN | Amazon CDR | PairCorr |
| 0.74 | COST | Costco Wholesale Corp | PairCorr |
| 0.6 | GOOG | Alphabet CDR | PairCorr |
| 0.55 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Boat Rocker could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boat Rocker 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 Boat Rocker - 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 Boat Rocker Media to buy it.
The correlation of Boat Rocker 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 Boat Rocker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boat Rocker Media 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 Boat Rocker 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 Boat Stock
Balance Sheet is a snapshot of the financial position of Boat Rocker Media at a specified time, usually calculated after every quarter, six months, or one year. Boat Rocker Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Boat Rocker 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 Boat currently owns. An asset can also be divided into two categories, current and non-current.