Bank Long Term Debt vs Free Cash Flow per Share Analysis

BAC Stock

USD 35.77 0.54 1.53%

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

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Long Term Debt vs Free Cash Flow Per Share

Long Term Debt vs Free Cash Flow per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of America Long Term Debt account and Free Cash Flow per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Bank of America's Long Term Debt and Free Cash Flow per Share is -0.22. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Free Cash Flow per Share in the same time period over historical financial statements of Bank of America, assuming nothing else is changed. The correlation between historical values of Bank of America's Long Term Debt and Free Cash Flow per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Bank of America are associated (or correlated) with its Free Cash Flow per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow per Share has no effect on the direction of Long Term Debt i.e., Bank of America's Long Term Debt and Free Cash Flow per Share go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Bank of America has held for over one year. Long-term debt appears on Bank of America balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Bank of America balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Bank of America's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of America 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 Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.At present, Bank of America's Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Interest Expense	4.7B	20.1B	73.3B	77.0B
Depreciation And Amortization	1.9B	2.0B	2.0B	1.6B

Interest Expense Depreciation And Amortization

Bank of America fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Liab	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Other Assets
Total Assets		0.78	0.09	0.92	0.8	-0.14	0.66	0.68	0.49	-0.78	0.48	0.69	0.13	0.26	0.47	-0.07	1.0	0.82	0.58	0.21	-0.03	0.11	0.09	-0.21	0.26	0.46
Short Long Term Debt Total	0.78		0.13	0.8	0.98	0.38	0.35	0.43	0.36	-0.53	0.4	0.73	0.17	0.49	0.52	0.02	0.77	0.98	0.5	0.57	0.01	0.51	0.49	0.27	0.01	0.42
Total Current Liabilities	0.09	0.13		-0.04	0.12	-0.28	0.6	0.53	0.87	0.32	-0.75	0.06	0.99	0.11	-0.03	-0.34	0.1	0.15	0.79	0.52	0.99	-0.2	-0.25	-0.21	-0.05	-0.77
Total Stockholder Equity	0.92	0.8	-0.04		0.81	0.09	0.47	0.48	0.29	-0.67	0.58	0.84	0.04	0.37	0.62	0.06	0.9	0.82	0.47	0.28	-0.16	0.43	0.41	-0.12	0.02	0.59
Property Plant And Equipment Net	0.8	0.98	0.12	0.81		0.33	0.4	0.46	0.38	-0.57	0.4	0.71	0.17	0.43	0.52	0.1	0.8	0.99	0.5	0.52	0.0	0.47	0.45	0.24	-0.01	0.45
Net Debt	-0.14	0.38	-0.28	0.09	0.33		-0.55	-0.64	-0.43	0.16	0.14	0.31	-0.25	0.55	0.05	0.31	-0.17	0.31	-0.39	0.36	-0.31	0.72	0.72	0.7	-0.43	0.32
Retained Earnings	0.66	0.35	0.6	0.47	0.4	-0.55		0.88	0.88	-0.47	-0.12	0.2	0.6	-0.04	0.15	-0.41	0.68	0.4	0.82	0.28	0.53	-0.36	-0.38	-0.61	0.28	-0.12
Cash	0.68	0.43	0.53	0.48	0.46	-0.64	0.88		0.82	-0.5	0.05	0.24	0.54	-0.13	0.34	-0.32	0.69	0.47	0.88	0.27	0.46	-0.26	-0.28	-0.45	0.4	-0.09
Non Current Assets Total	0.49	0.36	0.87	0.29	0.38	-0.43	0.88	0.82		-0.18	-0.4	0.21	0.87	0.11	0.08	-0.38	0.5	0.4	0.94	0.51	0.81	-0.26	-0.3	-0.35	0.22	-0.45
Non Currrent Assets Other	-0.78	-0.53	0.32	-0.67	-0.57	0.16	-0.47	-0.5	-0.18		-0.75	-0.35	0.31	-0.08	-0.24	0.01	-0.78	-0.54	-0.24	-0.03	0.42	0.0	-0.01	0.16	-0.48	-0.69
Cash And Short Term Investments	0.48	0.4	-0.75	0.58	0.4	0.14	-0.12	0.05	-0.4	-0.75		0.39	-0.71	0.04	0.44	0.27	0.46	0.37	-0.19	-0.14	-0.83	0.4	0.43	0.1	0.25	0.92
Net Receivables	0.69	0.73	0.06	0.84	0.71	0.31	0.2	0.24	0.21	-0.35	0.39		0.15	0.56	0.57	0.27	0.67	0.73	0.42	0.44	-0.05	0.67	0.64	0.2	-0.11	0.4
Common Stock Shares Outstanding	0.13	0.17	0.99	0.04	0.17	-0.25	0.6	0.54	0.87	0.31	-0.71	0.15		0.16	0.04	-0.32	0.14	0.2	0.82	0.57	0.97	-0.11	-0.15	-0.21	-0.08	-0.72
Non Current Liabilities Total	0.26	0.49	0.11	0.37	0.43	0.55	-0.04	-0.13	0.11	-0.08	0.04	0.56	0.16		-0.19	0.04	0.25	0.42	0.14	0.52	0.06	0.52	0.5	0.34	-0.39	0.1
Other Current Assets	0.47	0.52	-0.03	0.62	0.52	0.05	0.15	0.34	0.08	-0.24	0.44	0.57	0.04	-0.19		0.26	0.45	0.55	0.35	0.21	-0.11	0.5	0.49	0.01	0.13	0.39
Other Stockholder Equity	-0.07	0.02	-0.34	0.06	0.1	0.31	-0.41	-0.32	-0.38	0.01	0.27	0.27	-0.32	0.04	0.26		-0.08	0.1	-0.27	-0.15	-0.35	0.4	0.41	0.39	-0.17	0.31
Total Liab	1.0	0.77	0.1	0.9	0.8	-0.17	0.68	0.69	0.5	-0.78	0.46	0.67	0.14	0.25	0.45	-0.08		0.81	0.59	0.21	-0.02	0.07	0.05	-0.22	0.28	0.44
Property Plant And Equipment Gross	0.82	0.98	0.15	0.82	0.99	0.31	0.4	0.47	0.4	-0.54	0.37	0.73	0.2	0.42	0.55	0.1	0.81		0.52	0.5	0.03	0.45	0.43	0.23	0.0	0.41
Total Current Assets	0.58	0.5	0.79	0.47	0.5	-0.39	0.82	0.88	0.94	-0.24	-0.19	0.42	0.82	0.14	0.35	-0.27	0.59	0.52		0.57	0.71	-0.01	-0.04	-0.3	0.2	-0.3
Short Term Debt	0.21	0.57	0.52	0.28	0.52	0.36	0.28	0.27	0.51	-0.03	-0.14	0.44	0.57	0.52	0.21	-0.15	0.21	0.5	0.57		0.44	0.52	0.5	0.34	-0.15	-0.12
Other Current Liab	-0.03	0.01	0.99	-0.16	0.0	-0.31	0.53	0.46	0.81	0.42	-0.83	-0.05	0.97	0.06	-0.11	-0.35	-0.02	0.03	0.71	0.44		-0.27	-0.31	-0.22	-0.05	-0.85
Common Stock Total Equity	0.11	0.51	-0.2	0.43	0.47	0.72	-0.36	-0.26	-0.26	0.0	0.4	0.67	-0.11	0.52	0.5	0.4	0.07	0.45	-0.01	0.52	-0.27		1.0	0.55	-0.4	0.43
Common Stock	0.09	0.49	-0.25	0.41	0.45	0.72	-0.38	-0.28	-0.3	-0.01	0.43	0.64	-0.15	0.5	0.49	0.41	0.05	0.43	-0.04	0.5	-0.31	1.0		0.56	-0.38	0.46
Other Liab	-0.21	0.27	-0.21	-0.12	0.24	0.7	-0.61	-0.45	-0.35	0.16	0.1	0.2	-0.21	0.34	0.01	0.39	-0.22	0.23	-0.3	0.34	-0.22	0.55	0.56		-0.23	0.11
Accounts Payable	0.26	0.01	-0.05	0.02	-0.01	-0.43	0.28	0.4	0.22	-0.48	0.25	-0.11	-0.08	-0.39	0.13	-0.17	0.28	0.0	0.2	-0.15	-0.05	-0.4	-0.38	-0.23		0.04
Other Assets	0.46	0.42	-0.77	0.59	0.45	0.32	-0.12	-0.09	-0.45	-0.69	0.92	0.4	-0.72	0.1	0.39	0.31	0.44	0.41	-0.3	-0.12	-0.85	0.43	0.46	0.11	0.04

Click cells to compare fundamentals

Bank of America Account Relationship Matchups

Bank of America fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.4T	2.8T	3.2T	3.1T	3.2T	1.7T
Short Long Term Debt Total	265.1B	282.3B	303.9B	302.9B	334.3B	241.9B
Total Current Liabilities	24.2B	19.3B	23.8B	26.9B	958.6B	1.0T
Total Stockholder Equity	264.8B	272.9B	270.1B	273.2B	291.6B	166.8B
Property Plant And Equipment Net	10.6B	11B	10.8B	11.5B	11.9B	9.4B
Net Debt	96.4B	(104.8B)	(51.5B)	65.5B	(7.1B)	(6.8B)
Retained Earnings	156.3B	164.1B	188.1B	207.0B	224.7B	235.9B
Cash	168.7B	387.0B	355.4B	237.5B	341.4B	358.5B
Non Current Assets Total	781.5B	963.7B	1.3T	1.2T	2.2T	2.3T
Non Currrent Assets Other	(781.5B)	(963.7B)	(1.3T)	(1.2T)	(416.6B)	(437.4B)
Cash And Short Term Investments	414.3B	621.5B	654.5B	458.3B	(27.9B)	(26.5B)
Net Receivables	55.9B	64.2B	72.7B	67.4B	96.7B	52.2B
Common Stock Shares Outstanding	1.8B	1.7B	1.6B	1.6B	8.1B	8.5B
Liabilities And Stockholders Equity	2.4T	2.8T	3.2T	3.1T	3.2T	1.7T
Non Current Liabilities Total	240.9B	262.9B	280.1B	2.5T	1.9T	991.7B
Other Current Assets	1.3T	1.2T	1.2T	133.8B	981.0B	811.0B
Other Stockholder Equity	23.4B	24.5B	(5.1B)	(21.2B)	(24.3B)	(23.1B)
Total Liab	2.2T	2.5T	2.9T	2.8T	2.9T	1.5T
Property Plant And Equipment Gross	9.2B	9.9B	10.6B	11B	12.7B	9.1B
Total Current Assets	490.0B	702.7B	742.0B	539.3B	981.0B	1.0T
Short Term Debt	24.2B	19.3B	23.8B	26.9B	32.1B	49.7B
Other Current Liab	(24.2B)	(19.3B)	(23.8B)	(26.9B)	926.5B	972.8B
Common Stock Total Equity	91.7B	86.0B	62.4B	59.0B	67.8B	94.8B
Accumulated Other Comprehensive Income	(6.6B)	(1.7B)	(5.1B)	(21.2B)	(17.8B)	(16.9B)
Common Stock	91.7B	86.0B	62.4B	59.0B	56.4B	93.5B
Other Liab	5.3B	11.1B	6.7B	5.6B	5.1B	4.8B
Accounts Payable	182.8B	181.8B	2.1T	224.1B	201.7B	352.2B
Other Assets	1.2T	1.2T	1.1T	1.3T	275M	261.3M
Long Term Debt	240.9B	262.9B	280.1B	276.0B	302.2B	282.8B
Short Term Investments	245.6B	234.5B	299.2B	220.8B	266.6B	236.1B
Inventory	285M	164M	130M	170M	(68.8B)	(65.4B)
Preferred Stock Total Equity	23.4B	24.5B	24.7B	28.4B	32.7B	17.3B
Intangible Assets	1.7B	1.6B	2.2B	2.1B	1.9B	1.8B
Property Plant Equipment	10.6B	11B	10.8B	11.5B	13.2B	11.1B
Retained Earnings Total Equity	156.3B	164.1B	188.1B	207.0B	238.1B	250.0B
Net Tangible Assets	195.9B	204.0B	176.3B	204.2B	234.8B	192.0B
Long Term Debt Total	362.4B	379.8B	280.1B	276.0B	248.4B	297.6B
Long Term Investments	702.0B	883.7B	1.2T	1.2T	1.0T	968.6B
Non Current Liabilities Other	165.1B	170.3B	192.3B	195.6B	176.1B	159.2B

Bank of America Investors Sentiment

The influence of Bank of America's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bank. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Bank of America's public news can be used to forecast risks associated with an investment in Bank. The trend in average sentiment can be used to explain how an investor holding Bank can time the market purely based on public headlines and social activities around Bank of America. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Bank of America's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bank of America's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bank of America's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Bank of America.

Bank of America Implied Volatility

41.32

Bank of America's implied volatility exposes the market's sentiment of Bank of America stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bank of America's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bank of America stock will not fluctuate a lot when Bank of America's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bank of America in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bank of America's short interest history, or implied volatility extrapolated from Bank of America options trading.

Pair Trading with Bank of America

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 Bank of America 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 Bank of America will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bank Stock

0.97	C	Citigroup Financial Report 12th of July 2024	Pair Corr
0.95	CM	Canadian Imperial Bank Financial Report 23rd of May 2024	Pair Corr
0.9	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr
0.76	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

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

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

When determining whether Bank of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bank of America'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 Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock:

How To Invest In Bank

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Is Bank Stock a good investment?

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What is Bank of America's Net Worth?

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Largest Diversified Banks Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.

Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Bank Stock analysis

When running Bank of America's price analysis, check to measure Bank of America'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 Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.

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Is Bank of America'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 Bank of America. If investors know Bank 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 Bank of America 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

(0.19)

Dividend Share

0.94

Earnings Share

2.9

Revenue Per Share

11.664

Quarterly Revenue Growth

(0.03)

The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America'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 Bank of America's market value can be influenced by many factors that don't directly affect Bank of America'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 Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America'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.

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Bank Long Term Debt vs Free Cash Flow per Share Analysis

Long Term Debt vs Free Cash Flow Per Share

Long Term Debt vs Free Cash Flow per Share Correlation Analysis

Correlation Coefficient

Long Term Debt

Free Cash Flow Per Share

Bank of America fundamental ratios Correlations

Bank of America Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of America fundamental ratios Accounts

Bank of America Investors Sentiment

Bank of America Implied Volatility

Pair Trading with Bank of America

Moving together with Bank Stock

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Common Stock Shares Outstanding	+ 0.99	Total Current Liabilities
Other Current Liab	+ 0.99	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total

Other Assets	- 0.85	Other Current Liab
Other Current Liab	- 0.83	Cash And Short Term Investments
Total Liab	- 0.78	Non Currrent Assets Other
Non Currrent Assets Other	- 0.78	Total Assets
Other Assets	- 0.77	Total Current Liabilities
Cash And Short Term Investments	- 0.75	Non Currrent Assets Other