Biovie Total Current Liabilities from 2010 to 2024

BIVI Stock  USD 0.49  0.01  2.08%   
Biovie's Total Current Liabilities is increasing with slightly volatile movements from year to year. Total Current Liabilities is estimated to finish at about 17.5 M this year. Total Current Liabilities is the total amount of liabilities that Biovie Inc is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. View All Fundamentals
 
Total Current Liabilities  
First Reported
2013-09-30
Previous Quarter
13.2 M
Current Value
14 M
Quarterly Volatility
5.5 M
 
Yuan Drop
 
Covid
Check Biovie financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Biovie main balance sheet or income statement drivers, such as Depreciation And Amortization of 189.7 K, Interest Expense of 5.2 M or Selling General Administrative of 13.9 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 8.62. Biovie financial statements analysis is a perfect complement when working with Biovie Valuation or Volatility modules.
  
This module can also supplement various Biovie Technical models . Check out the analysis of Biovie Correlation against competitors.

Latest Biovie's Total Current Liabilities Growth Pattern

Below is the plot of the Total Current Liabilities of Biovie Inc over the last few years. Total Current Liabilities is an item on Biovie balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Biovie Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is the total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. Biovie's Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Biovie's overall financial position and show how it may be relating to other accounts over time.
Total Current Liabilities10 Years Trend
Slightly volatile
   Total Current Liabilities   
       Timeline  

Biovie Total Current Liabilities Regression Statistics

Arithmetic Mean5,399,840
Geometric Mean771,151
Coefficient Of Variation151.05
Mean Deviation6,744,873
Median803,244
Standard Deviation8,156,401
Sample Variance66.5T
Range23.5M
R-Value0.70
Mean Square Error36.4T
R-Squared0.49
Significance0
Slope1,278,671
Total Sum of Squares931.4T

Biovie Total Current Liabilities History

202417.5 M
202316.7 M
202214.5 M
20214.2 M
2020996.4 K
201923.5 M
2018443.5 K

About Biovie Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Biovie income statement, its balance sheet, and the statement of cash flows. Biovie investors use historical funamental indicators, such as Biovie's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Biovie investors may use each financial statement separately, they are all related. The changes in Biovie's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Biovie's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Biovie Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Biovie. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Current Liabilities16.7 M17.5 M

Pair Trading with Biovie

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

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The ability to find closely correlated positions to Biovie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biovie 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 Biovie - 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 Biovie Inc to buy it.
The correlation of Biovie 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 Biovie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Biovie Inc 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 Biovie 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 CorrelationCorrelation Matching
When determining whether Biovie Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Biovie's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Biovie Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Biovie Inc Stock:
Check out the analysis of Biovie Correlation against competitors.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running Biovie's price analysis, check to measure Biovie'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 Biovie is operating at the current time. Most of Biovie's value examination focuses on studying past and present price action to predict the probability of Biovie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biovie's price. Additionally, you may evaluate how the addition of Biovie to your portfolios can decrease your overall portfolio volatility.
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Is Biovie's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Biovie. If investors know Biovie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Biovie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.17)
Return On Assets
(0.81)
Return On Equity
(2.58)
The market value of Biovie Inc is measured differently than its book value, which is the value of Biovie that is recorded on the company's balance sheet. Investors also form their own opinion of Biovie's value that differs from its market value or its book value, called intrinsic value, which is Biovie's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Biovie's market value can be influenced by many factors that don't directly affect Biovie's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Biovie's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biovie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biovie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.