Blue Net Debt vs Other Current Assets Analysis

RBN-UN Stock

CAD 8.56 0.06 0.71%

Blue Ribbon financial indicator trend analysis is way more than just evaluating Blue Ribbon Income prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Ribbon Income is a good investment. Please check the relationship between Blue Ribbon Net Debt and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Ribbon Income. 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.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Ribbon Income Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Blue Ribbon's Net Debt and Other Current Assets is -0.4. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Blue Ribbon Income, assuming nothing else is changed. The correlation between historical values of Blue Ribbon's Net Debt and Other Current 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 Net Debt of Blue Ribbon Income are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Blue Ribbon's Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.4

Relationship Direction	Negative
Relationship Strength	Very Weak

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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Blue Ribbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Ribbon Income 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Blue Ribbon Income. 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, Blue Ribbon's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.16, whereas Enterprise Value is forecasted to decline to about 65.2 M.

Blue Ribbon fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Retained Earnings	Short Term Investments	Non Currrent Assets Other	Common Stock	Non Current Liabilities Total	Inventory	Net Tangible Assets	Long Term Investments	Other Assets
Total Assets		0.27	0.78	1.0	-0.75	0.62	0.75	0.99	0.75	0.92	0.91	0.21	0.31	0.78	0.77	-0.63	0.94	-0.95	0.96	0.93	0.9	0.89	0.7	0.44
Other Current Liab	0.27		0.71	0.26	-0.22	-0.45	0.22	0.25	0.22	0.59	0.32	0.21	0.88	0.71	0.29	-0.82	0.31	-0.01	0.11	0.12	0.08	0.07	0.01	-0.03
Total Current Liabilities	0.78	0.71		0.77	-0.63	0.18	0.63	0.76	0.63	0.94	0.77	0.27	0.65	1.0	0.68	-0.87	0.74	-0.6	0.64	0.64	0.57	0.55	0.43	0.25
Total Stockholder Equity	1.0	0.26	0.77		-0.75	0.62	0.75	0.99	0.75	0.91	0.91	0.21	0.3	0.77	0.77	-0.62	0.94	-0.96	0.96	0.94	0.91	0.89	0.71	0.44
Net Debt	-0.75	-0.22	-0.63	-0.75		-0.49	-1.0	-0.66	-1.0	-0.69	-0.56	-0.4	-0.07	-0.63	-1.0	0.66	-0.64	0.61	-0.68	-0.63	-0.57	-0.54	-0.38	-0.21
Accounts Payable	0.62	-0.45	0.18	0.62	-0.49		0.49	0.61	0.49	0.37	0.48	0.29	-0.2	0.18	0.46	-0.04	0.52	-0.73	0.73	0.7	0.62	0.6	0.48	0.28
Cash	0.75	0.22	0.63	0.75	-1.0	0.49		0.66	1.0	0.69	0.56	0.4	0.07	0.63	1.0	-0.66	0.64	-0.61	0.68	0.63	0.57	0.54	0.38	0.21
Non Current Assets Total	0.99	0.25	0.76	0.99	-0.66	0.61	0.66		0.66	0.91	0.93	0.16	0.33	0.76	0.68	-0.58	0.95	-0.97	0.96	0.94	0.92	0.91	0.73	0.46
Cash And Short Term Investments	0.75	0.22	0.63	0.75	-1.0	0.49	1.0	0.66		0.69	0.56	0.4	0.07	0.63	1.0	-0.66	0.64	-0.61	0.68	0.63	0.57	0.54	0.38	0.21
Net Receivables	0.92	0.59	0.94	0.91	-0.69	0.37	0.69	0.91	0.69		0.89	0.28	0.6	0.94	0.73	-0.83	0.88	-0.78	0.83	0.82	0.77	0.74	0.55	0.31
Common Stock Shares Outstanding	0.91	0.32	0.77	0.91	-0.56	0.48	0.56	0.93	0.56	0.89		0.02	0.39	0.77	0.6	-0.57	0.97	-0.89	0.92	0.93	0.93	0.89	0.71	0.27
Other Current Assets	0.21	0.21	0.27	0.21	-0.4	0.29	0.4	0.16	0.4	0.28	0.02		0.17	0.27	0.4	-0.3	-0.02	-0.1	0.22	0.11	-0.1	-0.14	-0.36	-0.31
Other Stockholder Equity	0.31	0.88	0.65	0.3	-0.07	-0.2	0.07	0.33	0.07	0.6	0.39	0.17		0.65	0.14	-0.77	0.39	-0.11	0.22	0.25	0.21	0.2	0.15	0.11
Total Liab	0.78	0.71	1.0	0.77	-0.63	0.18	0.63	0.76	0.63	0.94	0.77	0.27	0.65		0.68	-0.87	0.74	-0.6	0.64	0.64	0.57	0.55	0.43	0.25
Total Current Assets	0.77	0.29	0.68	0.77	-1.0	0.46	1.0	0.68	1.0	0.73	0.6	0.4	0.14	0.68		-0.71	0.66	-0.62	0.69	0.65	0.59	0.56	0.39	0.22
Retained Earnings	-0.63	-0.82	-0.87	-0.62	0.66	-0.04	-0.66	-0.58	-0.66	-0.83	-0.57	-0.3	-0.77	-0.87	-0.71		-0.62	0.38	-0.48	-0.5	-0.43	-0.42	-0.34	-0.27
Short Term Investments	0.94	0.31	0.74	0.94	-0.64	0.52	0.64	0.95	0.64	0.88	0.97	-0.02	0.39	0.74	0.66	-0.62		-0.9	0.93	0.94	0.97	0.95	0.76	0.36
Non Currrent Assets Other	-0.95	-0.01	-0.6	-0.96	0.61	-0.73	-0.61	-0.97	-0.61	-0.78	-0.89	-0.1	-0.11	-0.6	-0.62	0.38	-0.9		-0.97	-0.94	-0.93	-0.92	-0.75	-0.46
Common Stock	0.96	0.11	0.64	0.96	-0.68	0.73	0.68	0.96	0.68	0.83	0.92	0.22	0.22	0.64	0.69	-0.48	0.93	-0.97		0.96	0.94	0.91	0.69	0.3
Non Current Liabilities Total	0.93	0.12	0.64	0.94	-0.63	0.7	0.63	0.94	0.63	0.82	0.93	0.11	0.25	0.64	0.65	-0.5	0.94	-0.94	0.96		0.94	0.91	0.74	0.37
Inventory	0.9	0.08	0.57	0.91	-0.57	0.62	0.57	0.92	0.57	0.77	0.93	-0.1	0.21	0.57	0.59	-0.43	0.97	-0.93	0.94	0.94		0.98	0.8	0.39
Net Tangible Assets	0.89	0.07	0.55	0.89	-0.54	0.6	0.54	0.91	0.54	0.74	0.89	-0.14	0.2	0.55	0.56	-0.42	0.95	-0.92	0.91	0.91	0.98		0.81	0.46
Long Term Investments	0.7	0.01	0.43	0.71	-0.38	0.48	0.38	0.73	0.38	0.55	0.71	-0.36	0.15	0.43	0.39	-0.34	0.76	-0.75	0.69	0.74	0.8	0.81		0.66
Other Assets	0.44	-0.03	0.25	0.44	-0.21	0.28	0.21	0.46	0.21	0.31	0.27	-0.31	0.11	0.25	0.22	-0.27	0.36	-0.46	0.3	0.37	0.39	0.46	0.66

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Blue Ribbon Account Relationship Matchups

Blue Ribbon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	112.9M	87.2M	89.9M	73.4M	67.1M	63.8M
Other Current Liab	(405.5K)	(257.8K)	(177.9K)	(33.5K)	370.5K	393.7K
Total Current Liabilities	1.0M	706.5K	627.6K	449.5K	475.0K	451.3K
Total Stockholder Equity	111.9M	86.5M	89.2M	72.9M	66.7M	63.3M
Net Debt	(386.4K)	(1.2M)	(1.1M)	(1.2M)	(1.9M)	(2.0M)
Accounts Payable	405.5K	257.8K	177.9K	33.5K	104.5K	99.3K
Cash	386.4K	1.2M	1.1M	1.2M	1.9M	1.8M
Non Current Assets Total	112.2M	85.8M	88.5M	71.8M	65.0M	61.7M
Cash And Short Term Investments	386.4K	1.2M	1.1M	1.2M	1.9M	1.8M
Net Receivables	388.9K	256.5K	297.5K	322.5K	325.5K	309.2K
Common Stock Shares Outstanding	14.1M	12.6M	11.1M	10.2M	9.5M	16.4M
Liabilities And Stockholders Equity	112.9M	87.2M	89.9M	73.4M	67.1M	63.8M
Other Current Assets	(166.2M)	(111.2M)	(112.9M)	(87.2M)	(89.9M)	47.0K
Total Liab	1.0M	706.5K	627.6K	449.5K	475.0K	451.3K
Total Current Assets	775.3K	1.4M	1.4M	1.6M	2.2M	2.1M
Short Term Investments	112.2M	85.8M	88.5M	71.8M	65.0M	104.8M
Non Currrent Assets Other	(112.2M)	(85.8M)	(88.5M)	(71.8M)	(65.0M)	(68.2M)
Common Stock	111.9M	86.5M	89.2M	72.9M	66.7M	126.2M
Non Current Liabilities Total	1.0M	706.5K	627.6K	449.5K	475.0K	833.4K
Inventory	112.9M	87.2M	89.9M	73.3M	66.0M	103.0M
Net Tangible Assets	110.1M	111.9M	86.5M	89.2M	80.3M	90.0M
Long Term Investments	112.2M	85.8M	88.5M	71.8M	65.0M	70.9M

Pair Trading with Blue Ribbon

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 Blue Ribbon 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 Blue Ribbon will appreciate offsetting losses from the drop in the long position's value.

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

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

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

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Blue Net Debt vs Other Current Assets Analysis

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Assets

Blue Ribbon fundamental ratios Correlations

Blue Ribbon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Blue Ribbon fundamental ratios Accounts

Pair Trading with Blue Ribbon

Other Information on Investing in Blue Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Common Stock	- 0.97	Non Currrent Assets Other
Non Currrent Assets Other	- 0.97	Non Current Assets Total
Non Currrent Assets Other	- 0.96	Total Stockholder Equity