BlackRock Net Debt vs Cash Analysis

BTZ Stock

USD 10.89 0.03 0.28%

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

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BlackRock Credit All Net Debt account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between BlackRock Credit's Net Debt and Cash is -0.04. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of BlackRock Credit Allocation, assuming nothing else is changed. The correlation between historical values of BlackRock Credit's Net Debt and Cash 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 BlackRock Credit Allocation are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., BlackRock Credit's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.04

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash

Cash refers to the most liquid asset of BlackRock Credit All, which is listed under current asset account on BlackRock Credit Allocation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from BlackRock Credit customers. The amounts must be unrestricted with restricted cash listed in a different BlackRock Credit 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.

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

Selling General Administrative is likely to rise to about 11.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 26.7 K in 2024.

BlackRock Credit fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Total Liab	Long Term Investments	Short Term Debt	Common Stock	Short Long Term Debt Total	Total Current Liabilities	Net Debt	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Liab	Other Current Assets	Total Current Assets	Cash And Short Term Investments	Net Invested Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.65	-0.73	0.66	-0.5	-0.19	-0.23	-0.39	-0.05	0.6	0.71	1.0	0.5	0.83	0.15	0.5	-0.13	-0.11	0.39	0.49	0.19	0.47	-0.25	-0.15	0.42	0.0
Total Stockholder Equity	0.65		-0.64	0.99	-0.27	-0.72	0.27	-0.87	0.0	0.6	0.08	0.67	0.08	0.34	0.27	0.63	-0.04	0.02	0.78	0.57	0.41	0.79	-0.54	-0.02	0.87	0.36
Other Liab	-0.73	-0.64		-0.63	0.43	0.35	0.18	0.49	0.32	-0.44	-0.5	-0.74	-0.23	-0.78	0.23	-0.35	0.27	0.16	-0.69	-0.51	-0.37	-0.48	0.52	0.1	-0.71	-0.38
Net Tangible Assets	0.66	0.99	-0.63		-0.26	-0.73	0.26	-0.88	0.01	0.59	0.07	0.68	0.07	0.33	0.27	0.61	-0.04	0.01	0.75	0.52	0.44	0.8	-0.55	-0.02	0.84	0.37
Retained Earnings	-0.5	-0.27	0.43	-0.26		-0.31	-0.21	0.08	0.47	-0.8	-0.49	-0.48	-0.2	-0.47	0.08	-0.81	-0.04	-0.07	-0.38	-0.26	-0.55	-0.58	0.27	0.74	-0.36	-0.32
Accounts Payable	-0.19	-0.72	0.35	-0.73	-0.31		-0.3	0.85	-0.22	-0.08	0.24	-0.23	0.23	0.02	-0.29	-0.11	0.08	0.09	-0.63	-0.25	-0.28	-0.51	0.43	-0.53	-0.69	-0.34
Cash	-0.23	0.27	0.18	0.26	-0.21	-0.3		-0.28	-0.07	0.16	-0.56	-0.24	-0.77	-0.5	0.19	0.52	-0.04	-0.06	0.31	0.23	0.34	0.46	-0.21	-0.27	0.34	0.18
Other Assets	-0.39	-0.87	0.49	-0.88	0.08	0.85	-0.28		-0.11	-0.45	0.02	-0.42	0.02	-0.2	-0.31	-0.44	0.06	0.06	-0.74	-0.2	-0.56	-0.82	0.63	-0.2	-0.84	-0.63
Long Term Debt	-0.05	0.0	0.32	0.01	0.47	-0.22	-0.07	-0.11		-0.28	-0.04	-0.03	0.04	-0.12	0.84	-0.26	0.05	-0.04	-0.28	0.11	-0.53	-0.16	-0.16	0.42	-0.21	-0.36
Net Receivables	0.6	0.6	-0.44	0.59	-0.8	-0.08	0.16	-0.45	-0.28		0.39	0.59	0.42	0.37	0.2	0.85	0.25	0.25	0.63	0.37	0.56	0.82	-0.44	-0.41	0.62	0.42
Total Liab	0.71	0.08	-0.5	0.07	-0.49	0.24	-0.56	0.02	-0.04	0.39		0.71	0.7	0.9	0.06	0.17	-0.12	-0.17	0.07	0.06	0.08	0.13	-0.03	-0.06	0.03	0.02
Long Term Investments	1.0	0.67	-0.74	0.68	-0.48	-0.23	-0.24	-0.42	-0.03	0.59	0.71		0.5	0.84	0.16	0.48	-0.13	-0.11	0.41	0.49	0.19	0.48	-0.26	-0.11	0.45	0.02
Short Term Debt	0.5	0.08	-0.23	0.07	-0.2	0.23	-0.77	0.02	0.04	0.42	0.7	0.5		0.54	0.13	-0.01	0.36	0.33	0.0	-0.02	-0.1	0.01	0.0	0.12	-0.03	-0.01
Common Stock	0.83	0.34	-0.78	0.33	-0.47	0.02	-0.5	-0.2	-0.12	0.37	0.9	0.84	0.54		-0.09	0.22	-0.29	-0.26	0.25	0.2	0.19	0.25	-0.18	-0.13	0.26	0.12
Short Long Term Debt Total	0.15	0.27	0.23	0.27	0.08	-0.29	0.19	-0.31	0.84	0.2	0.06	0.16	0.13	-0.09		0.18	0.29	0.17	0.03	0.28	-0.24	0.25	-0.31	0.28	0.08	-0.17
Total Current Liabilities	0.5	0.63	-0.35	0.61	-0.81	-0.11	0.52	-0.44	-0.26	0.85	0.17	0.48	-0.01	0.22	0.18		-0.02	0.01	0.54	0.42	0.54	0.83	-0.35	-0.61	0.59	0.32
Net Debt	-0.13	-0.04	0.27	-0.04	-0.04	0.08	-0.04	0.06	0.05	0.25	-0.12	-0.13	0.36	-0.29	0.29	-0.02		0.97	-0.03	-0.02	-0.12	-0.03	0.03	0.11	-0.07	-0.05
Common Stock Total Equity	-0.11	0.02	0.16	0.01	-0.07	0.09	-0.06	0.06	-0.04	0.25	-0.17	-0.11	0.33	-0.26	0.17	0.01	0.97		0.01	0.06	-0.12	-0.04	0.0	0.0	0.0	-0.04
Common Stock Shares Outstanding	0.39	0.78	-0.69	0.75	-0.38	-0.63	0.31	-0.74	-0.28	0.63	0.07	0.41	0.0	0.25	0.03	0.54	-0.03	0.01		0.51	0.64	0.8	-0.69	0.01	0.97	0.64
Other Current Liab	0.49	0.57	-0.51	0.52	-0.26	-0.25	0.23	-0.2	0.11	0.37	0.06	0.49	-0.02	0.2	0.28	0.42	-0.02	0.06	0.51		-0.18	0.29	-0.42	-0.12	0.5	-0.23
Other Current Assets	0.19	0.41	-0.37	0.44	-0.55	-0.28	0.34	-0.56	-0.53	0.56	0.08	0.19	-0.1	0.19	-0.24	0.54	-0.12	-0.12	0.64	-0.18		0.76	-0.38	-0.35	0.62	0.81
Total Current Assets	0.47	0.79	-0.48	0.8	-0.58	-0.51	0.46	-0.82	-0.16	0.82	0.13	0.48	0.01	0.25	0.25	0.83	-0.03	-0.04	0.8	0.29	0.76		-0.65	-0.24	0.84	0.67
Cash And Short Term Investments	-0.25	-0.54	0.52	-0.55	0.27	0.43	-0.21	0.63	-0.16	-0.44	-0.03	-0.26	0.0	-0.18	-0.31	-0.35	0.03	0.0	-0.69	-0.42	-0.38	-0.65		0.0	-0.72	-0.64
Net Invested Capital	-0.15	-0.02	0.1	-0.02	0.74	-0.53	-0.27	-0.2	0.42	-0.41	-0.06	-0.11	0.12	-0.13	0.28	-0.61	0.11	0.0	0.01	-0.12	-0.35	-0.24	0.0		-0.02	-0.06
Capital Stock	0.42	0.87	-0.71	0.84	-0.36	-0.69	0.34	-0.84	-0.21	0.62	0.03	0.45	-0.03	0.26	0.08	0.59	-0.07	0.0	0.97	0.5	0.62	0.84	-0.72	-0.02		0.66
Current Deferred Revenue	0.0	0.36	-0.38	0.37	-0.32	-0.34	0.18	-0.63	-0.36	0.42	0.02	0.02	-0.01	0.12	-0.17	0.32	-0.05	-0.04	0.64	-0.23	0.81	0.67	-0.64	-0.06	0.66

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BlackRock Credit Account Relationship Matchups

BlackRock Credit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.1B	2.0B	1.7B	1.8B	2.2B
Total Stockholder Equity	1.6B	1.5B	1.4B	1.0B	1.1B	1.1B
Net Tangible Assets	1.6B	1.5B	1.4B	1.0B	941.3M	1.1B
Retained Earnings	112.5M	201.6M	158.9M	(186.2M)	(113.2M)	(118.8M)
Accounts Payable	6.1M	9.0M	8.3M	68.1M	78.3M	82.2M
Cash	69.8K	804.0	167.8K	64.1K	1.5K	1.4K
Other Assets	615.7K	2.3M	2.5M	17.4M	41.1M	43.1M
Net Receivables	26.6M	24.8M	24.6M	31.2M	25.7M	26.5M
Total Liab	584.0M	641.2M	598.0M	670.2M	683.8M	657.7M
Long Term Investments	2.1B	2.1B	2.0B	1.7B	1.7B	2.1B
Short Term Debt	568.5M	614.2M	587.0M	594.0M	590.9M	564.4M
Common Stock	1.4B	1.3B	1.3B	1.2B	1.2B	1.4B
Short Long Term Debt Total	568.5M	1.3B	587.0M	589.3M	590.9M	558.4M
Total Current Liabilities	6.1M	9.0M	8.3M	68.1M	94.8M	90.1M
Net Debt	568.5M	614.0M	587.0M	589.3M	590.9M	615.4M
Common Stock Total Equity	1.5B	1.5B	1.4B	1.3B	1.5B	1.5B
Common Stock Shares Outstanding	115.2M	103.9M	93.5M	93.5M	93.3M	82.4M
Liabilities And Stockholders Equity	2.1B	2.1B	2.0B	1.7B	1.8B	2.1B
Other Current Liab	(6.1M)	(9.0M)	(595.3M)	(662.1M)	(78.3M)	(82.2M)
Other Current Assets	(32.4M)	(49.2M)	2.6M	18.5M	(42.0M)	(39.9M)
Total Current Assets	26.6M	25.0M	24.6M	31.3M	(1.0)	(0.95)
Non Current Assets Total	2.1B	2.1B	2.0B	1.7B	1.7B	1.7B
Non Currrent Assets Other	(2.1B)	(2.1B)	(2.0B)	(1.7B)	(1.7B)	(1.8B)
Cash And Short Term Investments	804.0	167.8K	22.0M	64.1K	16.3M	17.2M
Short Term Investments	4.8M	24.1M	22.0M	8.1M	16.3M	9.2M
Non Current Liabilities Total	6.1M	614.2M	587.0M	68.1M	683.8M	718.0M
Net Invested Capital	2.1B	2.1B	2.0B	1.6B	1.7B	1.5B
Capital Stock	1.4B	1.3B	1.3B	1.2B	1.2B	1.0B

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BlackRock Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

BlackRock Credit fundamental ratios Correlations

BlackRock Credit Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BlackRock Credit fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Investments	+ 1.0	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Common Stock Total Equity	+ 0.97	Net Debt
Capital Stock	+ 0.97	Common Stock Shares Outstanding
Common Stock	+ 0.9	Total Liab
Capital Stock	+ 0.87	Total Stockholder Equity

Other Assets	- 0.88	Net Tangible Assets
Other Assets	- 0.87	Total Stockholder Equity
Capital Stock	- 0.84	Other Assets
Total Current Assets	- 0.82	Other Assets
Total Current Liabilities	- 0.81	Retained Earnings
Net Receivables	- 0.8	Retained Earnings