Boralex Accounts Payable vs Non Current Liabilities Total Analysis
BLX Stock | CAD 34.59 0.17 0.49% |
Boralex financial indicator trend analysis is way more than just evaluating Boralex prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boralex is a good investment. Please check the relationship between Boralex Accounts Payable and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Accounts Payable vs Non Current Liabilities Total
Accounts Payable vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boralex Accounts Payable account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Boralex's Accounts Payable and Non Current Liabilities Total is 0.66. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Boralex, assuming nothing else is changed. The correlation between historical values of Boralex's Accounts Payable and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Boralex are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Accounts Payable i.e., Boralex's Accounts Payable and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Boralex obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Boralex are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Non Current Liabilities Total
Most indicators from Boralex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boralex 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 Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Boralex's Selling General Administrative is very stable compared to the past year. As of the 3rd of June 2024, Tax Provision is likely to grow to about 41 M, while Discontinued Operations is likely to drop about 2.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 182M | 112M | 246M | 258.3M | Total Revenue | 691M | 836M | 1.0B | 1.1B |
Boralex fundamental ratios Correlations
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Boralex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boralex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 80.1M | 90.6M | 98.7M | 102.8M | 102.8M | 54.3M | |
Total Assets | 4.6B | 5.3B | 5.8B | 6.5B | 6.6B | 6.9B | |
Short Long Term Debt Total | 3.3B | 3.8B | 3.9B | 3.6B | 4.1B | 4.4B | |
Other Current Liab | 85M | 10M | 14M | 330M | 6M | 5.7M | |
Total Current Liabilities | 304M | 403M | 395M | 821M | 715M | 750.8M | |
Total Stockholder Equity | 860M | 989M | 1.0B | 1.7B | 1.6B | 1.7B | |
Property Plant And Equipment Net | 3.0B | 3.4B | 3.6B | 3.7B | 3.7B | 3.9B | |
Net Debt | 3.1B | 3.5B | 3.7B | 3.2B | 2.8B | 2.9B | |
Retained Earnings | (233M) | (249M) | (299M) | 174M | 183M | 192.2M | |
Accounts Payable | 36M | 161M | 145M | 57M | 38M | 40.1M | |
Cash | 153M | 275M | 256M | 361M | 478M | 501.9M | |
Non Current Assets Total | 4.2B | 4.8B | 5.3B | 5.9B | 5.8B | 6.1B | |
Non Currrent Assets Other | 19M | 21M | 152M | 369M | 121M | 78.1M | |
Cash And Short Term Investments | 170M | 275M | 259M | 361M | 415.2M | 435.9M | |
Net Receivables | 153M | 157M | 148M | 234M | 236M | 247.8M | |
Common Stock Total Equity | 733M | 984M | 1.1B | 1.3B | 1.5B | 1.6B | |
Liabilities And Stockholders Equity | 4.6B | 5.3B | 5.8B | 6.5B | 7.5B | 7.9B | |
Non Current Liabilities Total | 3.4B | 3.9B | 4.1B | 3.7B | 3.8B | 4.0B | |
Total Liab | 3.7B | 4.3B | 4.5B | 4.5B | 4.6B | 4.8B | |
Property Plant And Equipment Gross | 3.0B | 3.4B | 4.9B | 5.1B | 5.4B | 5.7B | |
Total Current Assets | 363M | 472M | 460M | 638M | 771M | 809.6M | |
Accumulated Other Comprehensive Income | (41M) | (91M) | (29M) | 174M | 200.1M | 210.1M | |
Common Stock | 984M | 1.1B | 1.3B | 1.3B | 1.5B | 1.6B | |
Other Current Assets | 25M | 38M | 50M | 30M | 35M | 35.7M | |
Short Term Debt | 183M | 242M | 236M | 434M | 499.1M | 524.1M | |
Intangible Assets | 700M | 1.0B | 1.1B | 1.1B | 986M | 645.5M | |
Good Will | 188M | 222M | 218M | 233M | 234M | 162.7M | |
Other Liab | 255M | 308M | 441M | 503M | 578.5M | 607.4M | |
Net Tangible Assets | (28M) | (260M) | (364M) | 389M | 447.4M | 469.7M | |
Other Assets | 80M | 84M | 148M | 369M | 424.4M | 445.6M | |
Long Term Debt | 2.9B | 3.3B | 3.4B | 2.9B | 3.0B | 2.6B | |
Long Term Investments | 312M | 144M | 140M | 565M | 526M | 552.3M | |
Short Long Term Debt | 172M | 229M | 220M | 416M | 277M | 245.3M | |
Property Plant Equipment | 3.0B | 3.4B | 3.6B | 3.7B | 4.2B | 2.7B | |
Long Term Debt Total | 3.1B | 3.5B | 3.7B | 3.2B | 3.6B | 3.0B | |
Non Current Liabilities Other | 60M | 29M | 52M | 38M | 37M | 41.0M |
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Try AI Portfolio ArchitectCheck out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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