Ballard Total Current Liabilities vs Total Liab Analysis
BLDP Stock | USD 2.87 0.20 6.51% |
Ballard Power financial indicator trend analysis is way more than just evaluating Ballard Power Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballard Power Systems is a good investment. Please check the relationship between Ballard Power Total Current Liabilities and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Total Current Liabilities vs Total Liab
Total Current Liabilities vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Total Current Liabilities account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ballard Power's Total Current Liabilities and Total Liab is 0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ballard Power Systems, assuming nothing else is changed. The correlation between historical values of Ballard Power's Total Current Liabilities and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Ballard Power Systems are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Liabilities i.e., Ballard Power's Total Current Liabilities and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Ballard Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ballard Power Systems are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Ballard Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballard Power Systems 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 Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. At this time, Ballard Power's Discontinued Operations is relatively stable compared to the past year. As of 05/10/2024, Tax Provision is likely to grow to about 165.9 K, while Sales General And Administrative To Revenue is likely to drop 0.16.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 102.0M | 145.8M | 134.0M | 77.2M | Cost Of Revenue | 90.5M | 96.9M | 135.2M | 141.9M |
Ballard Power fundamental ratios Correlations
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Ballard Power Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ballard Power fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Short Long Term Debt Total | 19.8M | 17.9M | 17.1M | 15.7M | 17.8M | 10.1M | |
Other Current Liab | 27.0M | 30.4M | 54.1M | 40.8M | 47.5M | 49.9M | |
Total Current Liabilities | 64.5M | 52.1M | 83.2M | 73.2M | 70.2M | 45.9M | |
Total Stockholder Equity | 250.3M | 900.9M | 1.3B | 1.2B | 986.1M | 1.0B | |
Property Plant And Equipment Net | 42.8M | 49.3M | 56.1M | 82.4M | 115.7M | 121.5M | |
Current Deferred Revenue | 20.2M | 9.9M | 12.1M | 8.0M | 4.6M | 6.3M | |
Net Debt | (128.0M) | (745.6M) | (1.1B) | (898.0M) | (729.5M) | (693.0M) | |
Retained Earnings | (1.2B) | (1.3B) | (1.4B) | (1.6B) | (1.7B) | (1.6B) | |
Accounts Payable | 14.9M | 9.1M | 13.7M | 20.4M | 13.7M | 10.6M | |
Cash | 147.8M | 763.4M | 1.1B | 913.7M | 747.3M | 784.7M | |
Non Current Assets Total | 110.8M | 121.3M | 211.8M | 218.6M | 211.7M | 120.3M | |
Non Currrent Assets Other | 321K | 336K | 343K | 370K | 544.2K | 517.0K | |
Cash And Short Term Investments | 147.8M | 765.4M | 1.1B | 915.7M | 749.4M | 786.9M | |
Net Receivables | 49.3M | 56.8M | 46.4M | 48.7M | 58.3M | 61.2M | |
Common Stock Shares Outstanding | 232.8M | 248.5M | 295.3M | 298.1M | 298.7M | 313.6M | |
Liabilities And Stockholders Equity | 340.3M | 975.6M | 1.4B | 1.2B | 1.1B | 1.1B | |
Non Current Liabilities Total | 25.5M | 22.6M | 29.6M | 15.0M | 15.7M | 15.5M | |
Inventory | 30.1M | 28.5M | 51.5M | 58.1M | 45.6M | 47.9M | |
Other Current Assets | 2.3M | 3.6M | 4.4M | 6.0M | 7.0M | 4.5M | |
Other Stockholder Equity | 290.6M | 290.8M | 297.8M | 300.8M | 304.5M | 414.4M | |
Total Liab | 90.1M | 74.7M | 112.7M | 88.2M | 85.9M | 61.4M | |
Property Plant And Equipment Gross | 42.8M | 49.3M | 122.8M | 157.7M | 203.2M | 213.4M | |
Total Current Assets | 229.5M | 854.3M | 1.2B | 1.0B | 860.3M | 903.3M | |
Accumulated Other Comprehensive Income | 813K | 907K | 1.7M | (1.5M) | (2.9M) | (3.1M) | |
Short Term Debt | 2.4M | 2.7M | 3.2M | 3.9M | 4.5M | 3.7M | |
Other Assets | 321K | 336K | 343K | 370K | 333K | 316.4K | |
Intangible Assets | 5.7M | 3.8M | 20.8M | 5.2M | 1.4M | 1.3M | |
Other Liab | 8.2M | 7.4M | 15.7M | 3.2M | 2.8M | 2.7M | |
Net Tangible Assets | 204.3M | 856.8M | 1.2B | 1.1B | 1.3B | 1.3B | |
Common Stock Total Equity | 986.5M | 1.2B | 1.2B | 1.9B | 2.2B | 2.3B | |
Long Term Investments | 21.6M | 27.6M | 70.3M | 66.4M | 54.2M | 57.0M | |
Common Stock | 1.2B | 1.9B | 2.4B | 2.4B | 2.4B | 1.3B | |
Property Plant Equipment | 42.8M | 49.3M | 56.1M | 82.4M | 74.1M | 37.5M |
Pair Trading with Ballard Power
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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Ballard Stock
0.62 | BW | Babcock Wilcox Enter | PairCorr |
Moving against Ballard Stock
0.63 | CXT | Crane NXT | PairCorr |
0.55 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
0.49 | DOV | Dover | PairCorr |
0.47 | CR | Crane Company | PairCorr |
0.43 | CMI | Cummins | PairCorr |
The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power 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 Ballard Power - 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 Ballard Power Systems to buy it.
The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Ballard Power Systems information on this page should be used as a complementary analysis to other Ballard Power'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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When running Ballard Power's price analysis, check to measure Ballard Power'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 Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.
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Is Ballard Power'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 Ballard Power. If investors know Ballard 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 Ballard Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.343 | Quarterly Revenue Growth 0.292 | Return On Assets (0.09) | Return On Equity (0.13) |
The market value of Ballard Power Systems is measured differently than its book value, which is the value of Ballard that is recorded on the company's balance sheet. Investors also form their own opinion of Ballard Power's value that differs from its market value or its book value, called intrinsic value, which is Ballard Power'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 Ballard Power's market value can be influenced by many factors that don't directly affect Ballard Power'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 Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power'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.