BTB Short Term Debt vs Net Tangible Assets Analysis

BTB-UN Stock

CAD 3.58 0.08 2.19%

BTB Real financial indicator trend analysis is way more than just evaluating BTB Real Estate prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BTB Real Estate is a good investment. Please check the relationship between BTB Real Short Term Debt and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BTB Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Short Term Debt vs Net Tangible Assets

Short Term Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BTB Real Estate Short Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.

The correlation between BTB Real's Short Term Debt and Net Tangible Assets is 0.29. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of BTB Real Estate, assuming nothing else is changed. The correlation between historical values of BTB Real's Short Term Debt and Net Tangible 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 Short Term Debt of BTB Real Estate are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Term Debt i.e., BTB Real's Short Term Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from BTB Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTB Real Estate 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 BTB Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At present, BTB Real's Enterprise Value Over EBITDA is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 18.52, whereas Selling General Administrative is forecasted to decline to about 4.9 M.

	2021	2022	2023	2024 (projected)
Total Revenue	100.3M	119.5M	127.8M	71.2M
Depreciation And Amortization	54.3M	42.1M	60.2M	63.2M

Total Revenue Depreciation And Amortization

BTB Real fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Non Current Liabilities Total	Other Current Assets	Intangible Assets	Current Deferred Revenue	Short Term Debt	Common Stock	Retained Earnings	Other Liab	Net Tangible Assets
Total Assets		0.66	0.86	0.99	0.96	0.2	1.0	0.44	0.2	0.52	0.86	0.58	0.99	0.63	0.99	0.04	-0.76	0.94	-0.24	0.72	0.03	0.28	0.95	-0.76	0.5	0.89
Total Current Liabilities	0.66		0.89	0.61	0.6	-0.17	0.66	0.42	-0.17	0.88	0.89	0.91	0.62	0.45	0.63	0.28	-0.47	0.47	-0.67	0.29	0.17	0.25	0.79	-0.92	0.52	0.83
Total Stockholder Equity	0.86	0.89		0.84	0.81	-0.03	0.86	0.61	-0.03	0.8	1.0	0.78	0.84	0.52	0.85	0.08	-0.68	0.78	-0.56	0.47	0.06	0.3	0.93	-0.93	0.48	0.9
Net Debt	0.99	0.61	0.84		0.97	0.22	0.99	0.44	0.22	0.5	0.83	0.53	1.0	0.66	1.0	0.04	-0.81	0.97	-0.21	0.78	0.03	0.26	0.91	-0.71	0.47	0.84
Accounts Payable	0.96	0.6	0.81	0.97		0.3	0.96	0.34	0.3	0.46	0.79	0.49	0.97	0.7	0.97	0.0	-0.86	0.95	-0.11	0.76	0.12	0.15	0.86	-0.66	0.53	0.78
Cash	0.2	-0.17	-0.03	0.22	0.3		0.19	-0.42	1.0	-0.31	-0.02	-0.28	0.24	0.5	0.22	-0.45	-0.34	0.3	0.41	0.26	-0.23	0.17	0.06	0.01	0.42	-0.06
Non Current Assets Total	1.0	0.66	0.86	0.99	0.96	0.19		0.44	0.19	0.52	0.86	0.58	0.99	0.62	0.99	0.04	-0.76	0.94	-0.24	0.71	0.03	0.28	0.95	-0.76	0.5	0.89
Non Currrent Assets Other	0.44	0.42	0.61	0.44	0.34	-0.42	0.44		-0.42	0.58	0.61	0.33	0.42	0.09	0.45	-0.06	-0.44	0.46	-0.57	0.36	-0.05	0.19	0.5	-0.48	-0.35	0.48
Cash And Short Term Investments	0.2	-0.17	-0.03	0.22	0.3	1.0	0.19	-0.42		-0.31	-0.02	-0.28	0.24	0.5	0.22	-0.45	-0.34	0.3	0.41	0.26	-0.23	0.17	0.06	0.01	0.42	-0.06
Net Receivables	0.52	0.88	0.8	0.5	0.46	-0.31	0.52	0.58	-0.31		0.81	0.74	0.5	0.46	0.52	0.17	-0.46	0.42	-0.88	0.35	0.12	0.23	0.62	-0.77	0.28	0.67
Common Stock Shares Outstanding	0.86	0.89	1.0	0.83	0.79	-0.02	0.86	0.61	-0.02	0.81		0.79	0.83	0.52	0.84	0.09	-0.66	0.77	-0.58	0.45	0.05	0.31	0.93	-0.93	0.48	0.89
Other Stockholder Equity	0.58	0.91	0.78	0.53	0.49	-0.28	0.58	0.33	-0.28	0.74	0.79		0.53	0.27	0.54	0.55	-0.33	0.38	-0.56	0.18	-0.05	0.43	0.72	-0.83	0.52	0.76
Total Liab	0.99	0.62	0.84	1.0	0.97	0.24	0.99	0.42	0.24	0.5	0.83	0.53		0.67	1.0	0.03	-0.82	0.97	-0.2	0.77	0.03	0.26	0.91	-0.71	0.49	0.83
Total Current Assets	0.63	0.45	0.52	0.66	0.7	0.5	0.62	0.09	0.5	0.46	0.52	0.27	0.67		0.67	-0.14	-0.74	0.66	-0.14	0.75	0.06	0.14	0.5	-0.46	0.45	0.44
Short Long Term Debt Total	0.99	0.63	0.85	1.0	0.97	0.22	0.99	0.45	0.22	0.52	0.84	0.54	1.0	0.67		0.04	-0.82	0.97	-0.23	0.77	0.03	0.26	0.92	-0.73	0.48	0.84
Other Current Liab	0.04	0.28	0.08	0.04	0.0	-0.45	0.04	-0.06	-0.45	0.17	0.09	0.55	0.03	-0.14	0.04		0.04	-0.06	-0.11	0.04	-0.07	0.2	0.06	-0.06	0.16	0.08
Property Plant And Equipment Net	-0.76	-0.47	-0.68	-0.81	-0.86	-0.34	-0.76	-0.44	-0.34	-0.46	-0.66	-0.33	-0.82	-0.74	-0.82	0.04		-0.86	0.12	-0.86	-0.01	-0.17	-0.6	0.5	-0.29	-0.5
Non Current Liabilities Total	0.94	0.47	0.78	0.97	0.95	0.3	0.94	0.46	0.3	0.42	0.77	0.38	0.97	0.66	0.97	-0.06	-0.86		-0.13	0.79	-0.02	0.22	0.82	-0.6	0.41	0.71
Other Current Assets	-0.24	-0.67	-0.56	-0.21	-0.11	0.41	-0.24	-0.57	0.41	-0.88	-0.58	-0.56	-0.2	-0.14	-0.23	-0.11	0.12	-0.13		-0.11	0.01	-0.26	-0.4	0.6	-0.03	-0.49
Intangible Assets	0.72	0.29	0.47	0.78	0.76	0.26	0.71	0.36	0.26	0.35	0.45	0.18	0.77	0.75	0.77	0.04	-0.86	0.79	-0.11		-0.03	0.19	0.5	-0.31	0.11	0.44
Current Deferred Revenue	0.03	0.17	0.06	0.03	0.12	-0.23	0.03	-0.05	-0.23	0.12	0.05	-0.05	0.03	0.06	0.03	-0.07	-0.01	-0.02	0.01	-0.03		-0.9	0.02	-0.04	0.07	0.09
Short Term Debt	0.28	0.25	0.3	0.26	0.15	0.17	0.28	0.19	0.17	0.23	0.31	0.43	0.26	0.14	0.26	0.2	-0.17	0.22	-0.26	0.19	-0.9		0.33	-0.34	0.16	0.29
Common Stock	0.95	0.79	0.93	0.91	0.86	0.06	0.95	0.5	0.06	0.62	0.93	0.72	0.91	0.5	0.92	0.06	-0.6	0.82	-0.4	0.5	0.02	0.33		-0.88	0.52	0.97
Retained Earnings	-0.76	-0.92	-0.93	-0.71	-0.66	0.01	-0.76	-0.48	0.01	-0.77	-0.93	-0.83	-0.71	-0.46	-0.73	-0.06	0.5	-0.6	0.6	-0.31	-0.04	-0.34	-0.88		-0.53	-0.9
Other Liab	0.5	0.52	0.48	0.47	0.53	0.42	0.5	-0.35	0.42	0.28	0.48	0.52	0.49	0.45	0.48	0.16	-0.29	0.41	-0.03	0.11	0.07	0.16	0.52	-0.53		0.48
Net Tangible Assets	0.89	0.83	0.9	0.84	0.78	-0.06	0.89	0.48	-0.06	0.67	0.89	0.76	0.83	0.44	0.84	0.08	-0.5	0.71	-0.49	0.44	0.09	0.29	0.97	-0.9	0.48

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BTB Real Account Relationship Matchups

BTB Real fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	939.1M	926.7M	1.1B	1.2B	1.2B	652.8M
Total Current Liabilities	107.8M	139.1M	114.8M	108.3M	182.0M	191.1M
Total Stockholder Equity	356.1M	342.1M	404.4M	462.1M	477.7M	501.5M
Net Debt	557.4M	543.4M	680.5M	689.7M	723.3M	413.3M
Accounts Payable	18.0M	18.3M	21.7M	20.1M	19.5M	13.5M
Cash	1.8M	9.1M	7.2M	2.4M	912K	866.4K
Non Current Assets Total	931.6M	910.2M	1.1B	1.2B	1.2B	641.0M
Non Currrent Assets Other	931.0M	(16.8M)	(15.9M)	1.2B	1.2B	1.3B
Cash And Short Term Investments	1.8M	9.1M	7.2M	2.4M	912K	866.4K
Net Receivables	3.8M	5.2M	5.5M	4.8M	13.7M	14.4M
Common Stock Shares Outstanding	59.1M	62.8M	71.5M	83.4M	86.3M	90.6M
Liabilities And Stockholders Equity	939.1M	926.7M	1.1B	1.2B	1.2B	652.8M
Other Stockholder Equity	134.6M	156.0M	177.3M	202.2M	228.1M	239.5M
Total Liab	583.0M	584.6M	725.5M	717.3M	750.0M	436.1M
Total Current Assets	7.5M	16.4M	15.5M	10.4M	17.2M	11.8M
Short Long Term Debt Total	559.2M	552.5M	687.7M	692.2M	724.2M	441.8M
Other Current Liab	2.2M	1.6M	1.9M	2.1M	2.2M	1.5M
Property Plant And Equipment Net	263K	334K	446K	322K	271K	257.5K
Non Current Liabilities Total	475.2M	445.5M	610.7M	609.0M	568.0M	410.5M
Other Current Assets	3.8M	3.6M	3.3M	3.2M	(14.6M)	(13.9M)
Accumulated Other Comprehensive Income	185.7M	188.6M	230.2M	268.3M	304.9M	320.2M
Short Term Debt	87.6M	119.3M	91.2M	86.1M	160.3M	95.6M
Common Stock	305.0M	309.4M	351.5M	396.0M	400.8M	275.8M
Retained Earnings	(134.6M)	(156.0M)	(177.3M)	(202.2M)	(228.1M)	(216.7M)
Other Liab	1.1M	7.3M	12.2M	1.7M	1.9M	2.8M
Net Tangible Assets	356.1M	342.1M	404.4M	462.1M	531.4M	311.2M
Long Term Debt	471.6M	429.0M	592.3M	601.9M	556.6M	532.1M
Short Term Investments	1.4M	1.6M	304K	3.8M	2.7M	1.6M
Inventory	(304K)	(1.4M)	1.0	(3.8M)	(2.7M)	(2.6M)
Short Long Term Debt	87.6M	119.3M	91.2M	86.1M	160.3M	135.8M
Property Plant Equipment	924.6M	904.2M	1.1B	1.2B	1.3B	888.4M
Non Current Liabilities Other	2.6M	1.4M	1.4M	1.3M	2.0M	1.5M
Net Invested Capital	915.3M	890.3M	1.1B	1.2B	1.2B	1.1B
Net Working Capital	(100.2M)	(116.7M)	(99.3M)	(97.9M)	(164.8M)	(156.6M)
Capital Stock	305.0M	309.4M	351.5M	396.0M	400.8M	373.4M

Pair Trading with BTB Real

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 BTB Real 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 BTB Real will appreciate offsetting losses from the drop in the long position's value.

Moving against BTB Stock

0.77

AEMC

Alaska Energy Metals

Pair Corr

The ability to find closely correlated positions to BTB Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BTB Real 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 BTB Real - 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 BTB Real Estate to buy it.

The correlation of BTB Real 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 BTB Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BTB Real Estate 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 BTB Real 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 BTB Stock

Balance Sheet is a snapshot of the financial position of BTB Real Estate at a specified time, usually calculated after every quarter, six months, or one year. BTB Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BTB Real 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 BTB currently owns. An asset can also be divided into two categories, current and non-current.

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BTB Short Term Debt vs Net Tangible Assets Analysis

Short Term Debt vs Net Tangible Assets

Short Term Debt vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Tangible Assets

BTB Real fundamental ratios Correlations

BTB Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BTB Real fundamental ratios Accounts

Pair Trading with BTB Real

Moving against BTB Stock

Other Information on Investing in BTB Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Common Stock Shares Outstanding	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Net Debt
Short Long Term Debt Total	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Total Liab

Retained Earnings	- 0.93	Common Stock Shares Outstanding
Retained Earnings	- 0.93	Total Stockholder Equity
Retained Earnings	- 0.92	Total Current Liabilities
Net Tangible Assets	- 0.9	Retained Earnings
Short Term Debt	- 0.9	Current Deferred Revenue
Retained Earnings	- 0.88	Common Stock