Black Cash And Equivalents vs Net Receivables Analysis

BKH Stock

USD 53.86 0.34 0.63%

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

For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.

Cash And Equivalents vs Net Receivables

Cash And Equivalents vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Black Hills Cash And Equivalents account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between Black Hills' Cash And Equivalents and Net Receivables is 0.35. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Black Hills, assuming nothing else is changed. The correlation between historical values of Black Hills' Cash And Equivalents and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Black Hills are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Cash And Equivalents i.e., Black Hills' Cash And Equivalents and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash And Equivalents

Net Receivables

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

For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.The Black Hills' current Enterprise Value is estimated to increase to about 3.7 B, while Selling General Administrative is projected to decrease to under 73.7 M.

	2021	2022	2023	2024 (projected)
EBITDA	410.9M	457M	736.7M	773.5M
EBIT	174.9M	206.1M	479.9M	503.9M

Ebitda Ebit

Black Hills fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.77	0.77	0.53	0.69	0.72	0.75	-0.23	0.76	0.64	0.82	0.03	0.77	0.2	0.03	0.84	0.98	0.79	0.89	0.52	0.73	0.78	0.67	0.67	0.41	0.98
Total Assets	0.77		0.99	0.79	0.68	0.98	1.0	-0.35	0.98	0.93	0.87	-0.08	1.0	0.51	-0.07	0.86	0.81	0.98	0.83	0.74	0.99	1.0	0.97	0.63	0.66	0.82
Short Long Term Debt Total	0.77	0.99		0.79	0.66	0.95	0.98	-0.44	1.0	0.89	0.88	-0.1	0.99	0.5	-0.1	0.87	0.79	0.99	0.83	0.75	0.97	0.99	0.96	0.61	0.63	0.8
Other Current Liab	0.53	0.79	0.79		0.57	0.76	0.77	-0.35	0.77	0.68	0.57	0.11	0.77	0.45	0.11	0.59	0.61	0.78	0.58	0.54	0.78	0.8	0.76	0.65	0.51	0.61
Total Current Liabilities	0.69	0.68	0.66	0.57		0.68	0.67	0.01	0.67	0.7	0.79	-0.16	0.66	0.23	-0.16	0.89	0.72	0.58	0.89	0.72	0.65	0.68	0.69	0.81	0.89	0.71
Total Stockholder Equity	0.72	0.98	0.95	0.76	0.68		0.99	-0.29	0.94	0.98	0.84	-0.05	0.98	0.57	-0.04	0.83	0.77	0.93	0.79	0.75	0.99	0.96	0.99	0.6	0.7	0.77
Property Plant And Equipment Net	0.75	1.0	0.98	0.77	0.67	0.99		-0.32	0.97	0.95	0.86	-0.08	1.0	0.53	-0.08	0.85	0.79	0.97	0.81	0.73	0.99	0.99	0.98	0.6	0.67	0.8
Current Deferred Revenue	-0.23	-0.35	-0.44	-0.35	0.01	-0.29	-0.32		-0.43	-0.15	-0.3	-0.14	-0.36	-0.17	-0.14	-0.25	-0.17	-0.42	-0.18	-0.26	-0.39	-0.36	-0.31	-0.08	0.0	-0.18
Net Debt	0.76	0.98	1.0	0.77	0.67	0.94	0.97	-0.43		0.88	0.88	-0.18	0.99	0.51	-0.18	0.87	0.78	0.98	0.83	0.73	0.96	0.99	0.95	0.58	0.64	0.79
Retained Earnings	0.64	0.93	0.89	0.68	0.7	0.98	0.95	-0.15	0.88		0.79	-0.08	0.93	0.61	-0.08	0.79	0.71	0.86	0.76	0.76	0.95	0.9	0.97	0.59	0.76	0.7
Accounts Payable	0.82	0.87	0.88	0.57	0.79	0.84	0.86	-0.3	0.88	0.79		-0.17	0.87	0.28	-0.17	0.96	0.81	0.85	0.94	0.71	0.84	0.88	0.82	0.68	0.69	0.85
Cash	0.03	-0.08	-0.1	0.11	-0.16	-0.05	-0.08	-0.14	-0.18	-0.08	-0.17		-0.11	-0.23	1.0	-0.18	0.04	-0.06	-0.08	0.09	-0.04	-0.08	-0.07	0.34	-0.18	0.03
Non Current Assets Total	0.77	1.0	0.99	0.77	0.66	0.98	1.0	-0.36	0.99	0.93	0.87	-0.11		0.51	-0.11	0.85	0.8	0.98	0.82	0.71	0.99	0.99	0.97	0.58	0.64	0.81
Non Currrent Assets Other	0.2	0.51	0.5	0.45	0.23	0.57	0.53	-0.17	0.51	0.61	0.28	-0.23	0.51		-0.23	0.27	0.27	0.47	0.25	0.47	0.56	0.47	0.59	0.21	0.3	0.25
Cash And Short Term Investments	0.03	-0.07	-0.1	0.11	-0.16	-0.04	-0.08	-0.14	-0.18	-0.08	-0.17	1.0	-0.11	-0.23		-0.18	0.04	-0.06	-0.08	0.09	-0.04	-0.08	-0.06	0.34	-0.17	0.03
Net Receivables	0.84	0.86	0.87	0.59	0.89	0.83	0.85	-0.25	0.87	0.79	0.96	-0.18	0.85	0.27	-0.18		0.85	0.82	0.98	0.76	0.82	0.87	0.83	0.74	0.77	0.86
Common Stock Total Equity	0.98	0.81	0.79	0.61	0.72	0.77	0.79	-0.17	0.78	0.71	0.81	0.04	0.8	0.27	0.04	0.85		0.81	0.9	0.54	0.77	0.81	0.73	0.71	0.46	0.99
Non Current Liabilities Total	0.79	0.98	0.99	0.78	0.58	0.93	0.97	-0.42	0.98	0.86	0.85	-0.06	0.98	0.47	-0.06	0.82	0.81		0.8	0.67	0.96	0.99	0.93	0.57	0.52	0.83
Inventory	0.89	0.83	0.83	0.58	0.89	0.79	0.81	-0.18	0.83	0.76	0.94	-0.08	0.82	0.25	-0.08	0.98	0.9	0.8		0.76	0.79	0.84	0.79	0.81	0.72	0.9
Other Current Assets	0.52	0.74	0.75	0.54	0.72	0.75	0.73	-0.26	0.73	0.76	0.71	0.09	0.71	0.47	0.09	0.76	0.54	0.67	0.76		0.73	0.74	0.81	0.78	0.79	0.54
Other Stockholder Equity	0.73	0.99	0.97	0.78	0.65	0.99	0.99	-0.39	0.96	0.95	0.84	-0.04	0.99	0.56	-0.04	0.82	0.77	0.96	0.79	0.73		0.97	0.98	0.58	0.66	0.78
Total Liab	0.78	1.0	0.99	0.8	0.68	0.96	0.99	-0.36	0.99	0.9	0.88	-0.08	0.99	0.47	-0.08	0.87	0.81	0.99	0.84	0.74	0.97		0.96	0.64	0.64	0.83
Property Plant And Equipment Gross	0.67	0.97	0.96	0.76	0.69	0.99	0.98	-0.31	0.95	0.97	0.82	-0.07	0.97	0.59	-0.06	0.83	0.73	0.93	0.79	0.81	0.98	0.96		0.62	0.74	0.72
Total Current Assets	0.67	0.63	0.61	0.65	0.81	0.6	0.6	-0.08	0.58	0.59	0.68	0.34	0.58	0.21	0.34	0.74	0.71	0.57	0.81	0.78	0.58	0.64	0.62		0.66	0.71
Short Term Debt	0.41	0.66	0.63	0.51	0.89	0.7	0.67	0.0	0.64	0.76	0.69	-0.18	0.64	0.3	-0.17	0.77	0.46	0.52	0.72	0.79	0.66	0.64	0.74	0.66		0.45
Common Stock	0.98	0.82	0.8	0.61	0.71	0.77	0.8	-0.18	0.79	0.7	0.85	0.03	0.81	0.25	0.03	0.86	0.99	0.83	0.9	0.54	0.78	0.83	0.72	0.71	0.45

Click cells to compare fundamentals

Black Hills Account Relationship Matchups

Black Hills fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	60.8M	62.4M	63.3M	65.0M	67.1M	38.9M
Total Assets	7.6B	8.1B	9.1B	9.6B	9.6B	10.1B
Short Long Term Debt Total	3.5B	3.8B	4.5B	4.7B	4.4B	4.6B
Other Current Liab	207.8M	218.5M	215.0M	248.4M	322.7M	338.8M
Total Current Liabilities	811.3M	696.5M	901.7M	1.7B	1.2B	637.8M
Total Stockholder Equity	2.4B	2.6B	2.8B	3.0B	3.2B	3.4B
Property Plant And Equipment Net	5.5B	6.0B	6.4B	6.8B	7.1B	7.5B
Current Deferred Revenue	54.7M	52.2M	48.8M	47.7M	76M	66.0M
Net Debt	3.5B	3.8B	4.5B	4.6B	4.3B	4.5B
Retained Earnings	778.8M	870.7M	962.5M	1.1B	1.2B	1.2B
Accounts Payable	193.5M	183.3M	217.8M	310.0M	186.4M	177.8M
Cash	9.8M	6.4M	8.9M	21.4M	93M	60.0M
Non Current Assets Total	7.1B	7.6B	8.3B	8.5B	8.8B	9.2B
Non Currrent Assets Other	19.4M	264.4M	564.4M	(69.9M)	366.6M	384.9M
Cash And Short Term Investments	9.8M	6.4M	8.9M	21.4M	93M	63.5M
Net Receivables	272.3M	285.4M	339.7M	525.8M	368.8M	246.1M
Common Stock Total Equity	61.5M	62.8M	64.8M	66.1M	76.1M	42.6M
Liabilities And Stockholders Equity	7.6B	8.1B	9.1B	9.6B	9.6B	10.1B
Non Current Liabilities Total	4.3B	4.7B	5.3B	4.9B	5.1B	5.4B
Inventory	117.2M	117.4M	151.0M	207.4M	160.9M	92.8M
Other Current Assets	69.8M	77.9M	299.3M	310.9M	203.9M	214.1M
Other Stockholder Equity	1.6B	1.7B	1.8B	1.9B	2.0B	2.1B
Total Liab	5.1B	5.4B	6.2B	6.5B	6.3B	6.6B
Property Plant And Equipment Gross	5.5B	6.0B	7.9B	8.4B	8.9B	9.4B
Total Current Assets	473.2M	493.3M	808.1M	1.1B	826.6M	520.9M
Accumulated Other Comprehensive Income	(30.7M)	(27.3M)	(20.1M)	(15.6M)	(14.8M)	(15.5M)
Short Term Debt	355.2M	242.5M	420.2M	1.1B	600M	630M
Common Stock	61.5M	62.8M	64.8M	66.1M	68.3M	43.7M
Other Liab	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B
Other Assets	255.4M	260.2M	561.2M	439.5M	505.5M	530.7M
Long Term Debt	3.1B	3.5B	4.1B	3.6B	3.8B	1.9B
Treasury Stock	(267K)	(2.1M)	(3.5M)	(2.4M)	(2.8M)	(2.9M)
Property Plant Equipment	5.5B	6.0B	6.4B	6.8B	7.8B	8.2B
Intangible Assets	13.3M	11.9M	10.8M	9.6M	8.4M	15.9M
Net Tangible Assets	2.4B	2.6B	1.4B	3.0B	3.4B	3.1B
Noncontrolling Interest In Consolidated Entity	101.9M	101.3M	100.0M	95.0M	109.2M	61.8M
Retained Earnings Total Equity	778.8M	870.7M	962.5M	1.1B	1.2B	713.2M

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

0.88	NI	NiSource Financial Report 1st of May 2024	Pair Corr
0.83	SR	Spire Inc Earnings Call This Week	Pair Corr
0.88	ATO	Atmos Energy Financial Report 1st of May 2024	Pair Corr
0.72	CPK	Chesapeake Utilities Financial Report 1st of May 2024	Pair Corr

Moving against Black Stock

0.43

NFE

New Fortress Energy Financial Report 2nd of May 2024

Pair Corr

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 Correlation Correlation 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:

How To Invest In Black

Details

Is Black Stock a good investment?

Details

What is Black Hills' Net Worth?

Details

Largest Multi-Utilities Companies

View

Largest Utilities - Regulated Gas Companies

View

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

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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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.

	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
	Bonds Directory Find actively traded corporate debentures issued by US companies
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Portfolio Center All portfolio management and optimization tools to improve performance of 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Black Cash And Equivalents vs Net Receivables Analysis

Cash And Equivalents vs Net Receivables

Cash And Equivalents vs Net Receivables Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Net Receivables

Black Hills fundamental ratios Correlations

Black Hills Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Black Hills fundamental ratios Accounts

Pair Trading with Black Hills

Moving together with Black Stock

Moving against Black Stock

Complementary Tools for Black Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Current Deferred Revenue	- 0.44	Short Long Term Debt Total
Net Debt	- 0.43	Current Deferred Revenue
Non Current Liabilities Total	- 0.42	Current Deferred Revenue
Other Stockholder Equity	- 0.39	Current Deferred Revenue
Total Liab	- 0.36	Current Deferred Revenue
Non Current Assets Total	- 0.36	Current Deferred Revenue