Black Hills Stock Current Asset

BKH Stock  USD 54.04  1.82  3.49%   
Black Hills fundamentals help investors to digest information that contributes to Black Hills' financial success or failures. It also enables traders to predict the movement of Black Stock. The fundamental analysis module provides a way to measure Black Hills' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Black Hills stock.
As of now, Black Hills' Non Current Assets Total are increasing as compared to previous years. The Black Hills' current Other Current Assets is estimated to increase to about 214.1 M, while Total Current Assets are projected to decrease to under 520.9 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Black Current Asset Analysis

Black Hills' Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
 2021 2022 2023 2024 (projected)
Depreciation245.5M250.9M256.8M243.5M
Stock Based Compensation9.7M8.6M7M9.0M

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

More About Current Asset | All Equity Analysis

Current Black Hills Current Asset

    
  822.15 M  
Most of Black Hills' fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Black Hills is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Black Current Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Black Hills is extremely important. It helps to project a fair market value of Black Stock properly, considering its historical fundamentals such as Current Asset. Since Black Hills' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Black Hills' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Black Hills' interrelated accounts and indicators.
0.790.98-0.350.980.930.870.860.740.991.00.630.660.820.960.890.84-0.120.380.98-0.480.80.250.870.88-0.110.32-0.430.50.060.83-0.690.78
0.790.76-0.350.770.680.570.590.540.780.80.650.510.610.830.710.630.290.380.78-0.390.610.330.670.66-0.260.24-0.270.280.10.6-0.530.64
0.980.76-0.290.940.980.840.830.750.990.960.60.70.770.930.880.76-0.120.320.99-0.440.710.180.810.88-0.170.39-0.390.540.060.88-0.740.85
-0.35-0.35-0.29-0.43-0.15-0.3-0.25-0.26-0.39-0.36-0.080.0-0.18-0.49-0.24-0.510.410.38-0.33-0.43-0.52-0.42-0.62-0.490.32-0.250.19-0.09-0.05-0.330.29-0.25
0.980.770.94-0.430.880.880.870.730.960.990.580.640.790.940.890.88-0.140.320.96-0.40.860.270.910.89-0.110.3-0.40.520.050.82-0.670.74
0.930.680.98-0.150.880.790.790.760.950.90.590.760.70.840.870.66-0.080.270.96-0.430.590.080.710.82-0.150.37-0.320.610.070.9-0.760.89
0.870.570.84-0.30.880.790.960.710.840.880.680.690.850.790.710.83-0.190.420.81-0.490.810.280.790.83-0.030.4-0.370.640.280.72-0.710.54
0.860.590.83-0.250.870.790.960.760.820.870.740.770.860.770.750.84-0.10.380.81-0.480.80.220.810.860.030.31-0.410.740.350.77-0.740.58
0.740.540.75-0.260.730.760.710.760.730.740.780.790.540.640.850.58-0.080.020.73-0.260.43-0.070.620.680.260.14-0.40.70.210.86-0.620.76
0.990.780.99-0.390.960.950.840.820.730.970.580.660.780.950.880.81-0.140.290.99-0.40.760.230.860.9-0.20.4-0.40.510.060.86-0.730.83
1.00.80.96-0.360.990.90.880.870.740.970.640.640.830.960.890.87-0.120.410.97-0.50.830.280.880.87-0.080.29-0.450.480.060.8-0.660.74
0.630.650.6-0.080.580.590.680.740.780.580.640.660.710.580.60.590.160.410.56-0.560.430.070.520.60.210.1-0.380.540.340.6-0.50.45
0.660.510.70.00.640.760.690.770.790.660.640.660.450.510.670.380.210.140.67-0.260.33-0.080.420.59-0.060.19-0.190.910.350.8-0.860.74
0.820.610.77-0.180.790.70.850.860.540.780.830.710.450.790.640.9-0.070.620.74-0.70.840.250.80.840.020.33-0.40.360.150.58-0.460.37
0.960.830.93-0.490.940.840.790.770.640.950.960.580.510.790.820.84-0.170.360.95-0.430.810.390.880.86-0.160.3-0.490.330.060.73-0.620.71
0.890.710.88-0.240.890.870.710.750.850.880.890.60.670.640.820.7-0.040.210.9-0.380.610.050.760.760.190.2-0.50.510.070.85-0.560.84
0.840.630.76-0.510.880.660.830.840.580.810.870.590.380.90.840.7-0.230.350.77-0.40.960.310.970.91-0.020.29-0.40.360.080.65-0.450.43
-0.120.29-0.120.41-0.14-0.08-0.19-0.1-0.08-0.14-0.120.160.21-0.07-0.17-0.04-0.230.18-0.14-0.16-0.18-0.24-0.28-0.18-0.140.00.390.030.0-0.10.09-0.07
0.380.380.320.380.320.270.420.380.020.290.410.410.140.620.360.210.350.180.29-0.910.370.110.180.170.15-0.08-0.37-0.08-0.05-0.05-0.1-0.07
0.980.780.99-0.330.960.960.810.810.730.990.970.560.670.740.950.90.77-0.140.29-0.40.730.220.830.87-0.170.33-0.410.520.050.87-0.720.86
-0.48-0.39-0.44-0.43-0.4-0.43-0.49-0.48-0.26-0.4-0.5-0.56-0.26-0.7-0.43-0.38-0.4-0.16-0.91-0.4-0.35-0.11-0.23-0.26-0.30.040.38-0.03-0.03-0.120.1-0.09
0.80.610.71-0.520.860.590.810.80.430.760.830.430.330.840.810.610.96-0.180.370.73-0.350.450.930.85-0.150.35-0.30.320.130.53-0.440.34
0.250.330.18-0.420.270.080.280.22-0.070.230.280.07-0.080.250.390.050.31-0.240.110.22-0.110.450.320.22-0.220.37-0.04-0.110.58-0.09-0.1-0.02
0.870.670.81-0.620.910.710.790.810.620.860.880.520.420.80.880.760.97-0.280.180.83-0.230.930.320.94-0.110.32-0.380.410.070.74-0.530.58
0.880.660.88-0.490.890.820.830.860.680.90.870.60.590.840.860.760.91-0.180.170.87-0.260.850.220.94-0.20.45-0.320.580.170.85-0.690.68
-0.11-0.26-0.170.32-0.11-0.15-0.030.030.26-0.2-0.080.21-0.060.02-0.160.19-0.02-0.140.15-0.17-0.3-0.15-0.22-0.11-0.2-0.39-0.52-0.080.09-0.110.36-0.16
0.320.240.39-0.250.30.370.40.310.140.40.290.10.190.330.30.20.290.0-0.080.330.040.350.370.320.45-0.390.220.20.380.31-0.290.22
-0.43-0.27-0.390.19-0.4-0.32-0.37-0.41-0.4-0.4-0.45-0.38-0.19-0.4-0.49-0.5-0.40.39-0.37-0.410.38-0.3-0.04-0.38-0.32-0.520.22-0.07-0.02-0.290.27-0.29
0.50.280.54-0.090.520.610.640.740.70.510.480.540.910.360.330.510.360.03-0.080.52-0.030.32-0.110.410.58-0.080.2-0.070.430.76-0.830.63
0.060.10.06-0.050.050.070.280.350.210.060.060.340.350.150.060.070.080.0-0.050.05-0.030.130.580.070.170.090.38-0.020.430.09-0.320.06
0.830.60.88-0.330.820.90.720.770.860.860.80.60.80.580.730.850.65-0.1-0.050.87-0.120.53-0.090.740.85-0.110.31-0.290.760.09-0.780.91
-0.69-0.53-0.740.29-0.67-0.76-0.71-0.74-0.62-0.73-0.66-0.5-0.86-0.46-0.62-0.56-0.450.09-0.1-0.720.1-0.44-0.1-0.53-0.690.36-0.290.27-0.83-0.32-0.78-0.75
0.780.640.85-0.250.740.890.540.580.760.830.740.450.740.370.710.840.43-0.07-0.070.86-0.090.34-0.020.580.68-0.160.22-0.290.630.060.91-0.75
Click cells to compare fundamentals
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Competition

Black Total Assets

Total Assets

10.1 Billion

As of now, Black Hills' Total Assets are increasing as compared to previous years.
In accordance with the recently published financial statements, Black Hills has a Current Asset of 822.15 M. This is 96.68% lower than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The current asset for all United States stocks is 91.2% higher than that of the company.

Black Current Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Black Hills' direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Black Hills could also be used in its relative valuation, which is a method of valuing Black Hills by comparing valuation metrics of similar companies.
Black Hills is currently under evaluation in current asset category among related companies.

Black Fundamentals

About Black Hills Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Black Hills's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Black Hills using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Black Hills based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Non Current Assets Total8.8 B9.2 B
Other Current Assets203.9 M214.1 M
Total Current Assets826.6 M520.9 M

Pair Trading with Black Hills

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

Moving together with Black Stock

  0.79NI NiSource Financial Report 1st of May 2024 PairCorr
  0.82SR Spire Inc Financial Report 1st of May 2024 PairCorr
  0.84ATO Atmos Energy Financial Report 1st of May 2024 PairCorr
  0.68CPK Chesapeake Utilities Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to Black Hills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Hills 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 Black Hills - 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 Black Hills to buy it.
The correlation of Black Hills 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 Black Hills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Hills 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 Black Hills 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 Black Hills offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Black Hills' 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 Black Hills Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Black Hills Stock:
Check out Black Hills Piotroski F Score and Black Hills Altman Z Score analysis.
For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Black Stock analysis

When running Black Hills' price analysis, check to measure Black Hills' 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 Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Bonds Directory
Find actively traded corporate debentures issued by US companies
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Is Black Hills' 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 Black Hills. If investors know Black 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 Black Hills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.057
Dividend Share
2.5
Earnings Share
3.91
Revenue Per Share
34.796
Quarterly Revenue Growth
(0.25)
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' 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 Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' 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 Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' 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.