BSL Stock | | | 22.43 1.18 5.55% |
Bluescope Steel financial indicator trend analysis is way more than just evaluating Bluescope Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bluescope Steel is a good investment. Please check the relationship between Bluescope Steel Net Debt and its Other Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bluescope Steel. 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 Debt vs Other Stockholder Equity
Net Debt vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bluescope Steel Net Debt account and
Other Stockholder Equity. At this time, the significance of the direction appears to have very week relationship.
The correlation between Bluescope Steel's Net Debt and Other Stockholder Equity is 0.21. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Bluescope Steel, assuming nothing else is changed. The correlation between historical values of Bluescope Steel's Net Debt and Other Stockholder Equity 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 Debt of Bluescope Steel are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Debt i.e., Bluescope Steel's Net Debt and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
Other Stockholder Equity
Most indicators from Bluescope Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bluescope Steel 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 Bluescope Steel. 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, Bluescope Steel's
Selling General Administrative is comparatively stable compared to the past year.
Discontinued Operations is likely to gain to about 7
M in 2024, whereas
Tax Provision is likely to drop slightly above 290.7
M in 2024.
Bluescope Steel fundamental ratios Correlations
Click cells to compare fundamentals
Bluescope Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bluescope Steel fundamental ratios Accounts
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Additional Tools for Bluescope Stock Analysis
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measure Bluescope Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bluescope Steel is operating at the current time. Most of Bluescope Steel's value examination focuses on studying past and present price action to
predict the probability of Bluescope Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bluescope Steel's price. Additionally, you may evaluate how the addition of Bluescope Steel to your portfolios can decrease your overall portfolio volatility.