Bentley Other Current Assets vs Short Long Term Debt Total Analysis
BSY Stock | USD 56.08 0.48 0.86% |
Bentley SystemsInc financial indicator trend analysis is way more than just evaluating Bentley SystemsInc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bentley SystemsInc is a good investment. Please check the relationship between Bentley SystemsInc Other Current Assets and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.
Other Current Assets vs Short Long Term Debt Total
Other Current Assets vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bentley SystemsInc Other Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bentley SystemsInc's Other Current Assets and Short Long Term Debt Total is 0.81. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Bentley SystemsInc, assuming nothing else is changed. The correlation between historical values of Bentley SystemsInc's Other Current Assets and Short Long Term Debt 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 Other Current Assets of Bentley SystemsInc are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Current Assets i.e., Bentley SystemsInc's Other Current Assets and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Short Long Term Debt Total
Most indicators from Bentley SystemsInc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bentley SystemsInc 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 Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.Tax Provision is likely to rise to about 36.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 164.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 64.0M | 95.8M | 85.4M | 67.7M | Interest Income | 306K | 421K | 2.3M | 2.5M |
Bentley SystemsInc fundamental ratios Correlations
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Bentley SystemsInc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bentley SystemsInc fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 60.7M | 230.2M | 330.3M | 366.6M | 466.8M | 490.2M | |
Total Current Liabilities | 392.4M | 465.6M | 593.9M | 628.4M | 760.4M | 476.7M | |
Other Liab | 33.8M | 41.0M | 189.9M | 159.8M | 183.8M | 193.0M | |
Net Tangible Assets | (191.8M) | (285.2M) | (1.4B) | (2.0B) | (1.8B) | (1.7B) | |
Retained Earnings | (52.7M) | (376.0M) | (439.6M) | (370.9M) | (161.9M) | (170.0M) | |
Accounts Payable | 17.7M | 16.5M | 16.5M | 15.2M | 18.1M | 14.7M | |
Other Assets | 83.3M | 130.6M | 120.0M | 87.7M | 1.0 | 0.95 | |
Net Receivables | 204.5M | 190.0M | 235.3M | 287.1M | 293.5M | 209.4M | |
Other Current Assets | 23.4M | 24.7M | 34.3M | 38.7M | 57.6M | 60.5M | |
Other Stockholder Equity | 408.7M | 741.1M | 937.8M | 1.0B | 1.1B | 634.2M | |
Total Current Assets | 353.6M | 340.3M | 615.8M | 415.9M | 419.6M | 357.4M | |
Common Stock | 2.5M | 2.7M | 2.8M | 2.9M | 3.0M | 2.3M | |
Property Plant Equipment | 29.6M | 74.5M | 82.6M | 72.5M | 83.4M | 51.7M | |
Total Assets | 994.6M | 1.1B | 2.7B | 3.2B | 3.3B | 2.2B | |
Short Long Term Debt Total | 233.8M | 294.4M | 1.5B | 1.8B | 1.6B | 1.0B | |
Total Stockholder Equity | 334.6M | 341.6M | 409.2M | 572.8M | 884.0M | 493.1M | |
Property Plant And Equipment Net | 29.6M | 74.5M | 82.6M | 72.5M | 78.6M | 67.3M | |
Current Deferred Revenue | 205.0M | 202.3M | 224.6M | 227.0M | 253.8M | 186.7M | |
Net Debt | 112.6M | 172.4M | 1.2B | 1.8B | 1.5B | 893.9M | |
Cash | 121.1M | 122.0M | 329.3M | 71.7M | 68.4M | 105.8M | |
Non Current Assets Total | 641.0M | 785.8M | 2.0B | 2.7B | 2.9B | 1.8B | |
Non Currrent Assets Other | 32.2M | 39.5M | 48.6M | 72.2M | 67.3M | 53.1M | |
Long Term Debt | 233.8M | 246M | 1.4B | 1.8B | 1.5B | 1.0B | |
Cash And Short Term Investments | 121.1M | 122.0M | 329.3M | 71.7M | 68.4M | 105.8M | |
Good Will | 480.1M | 581.2M | 1.6B | 2.2B | 2.3B | 1.4B | |
Liabilities And Stockholders Equity | 994.6M | 1.1B | 2.7B | 3.2B | 3.3B | 2.2B | |
Non Current Liabilities Total | 267.6M | 318.9M | 1.7B | 2.0B | 1.7B | 1.1B | |
Inventory | 4.5M | 3.5M | 16.9M | 18.4M | 1.0 | 0.95 | |
Total Liab | 660.0M | 784.4M | 2.3B | 2.6B | 2.4B | 1.7B | |
Net Invested Capital | 568.4M | 587.6M | 1.8B | 2.4B | 2.4B | 1.5B | |
Long Term Investments | 1.7M | 5.7M | 6.4M | 22.3M | 23.5M | 24.7M | |
Property Plant And Equipment Gross | 29.6M | 74.5M | 82.6M | 72.5M | 130.4M | 76.8M | |
Accumulated Other Comprehensive Income | (23.9M) | (26.2M) | (91.8M) | (89.7M) | (85.0M) | (89.2M) | |
Capital Stock | 2.5M | 2.7M | 2.8M | 2.9M | 3.0M | 3.0M | |
Non Current Liabilities Other | 9.3M | 15.4M | 14.3M | 7.4M | 5.4M | 8.0M | |
Net Working Capital | (38.9M) | (125.3M) | 22.0M | (212.5M) | (340.8M) | (323.8M) | |
Short Term Debt | 109.1M | 16.6M | 22.5M | 19.7M | 21.6M | 26.1M | |
Intangible Assets | 46.3M | 45.6M | 245.8M | 292.3M | 248.8M | 171.0M |
Pair Trading with Bentley SystemsInc
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 Bentley SystemsInc 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 Bentley SystemsInc will appreciate offsetting losses from the drop in the long position's value.Moving against Bentley Stock
0.54 | BL | Blackline | PairCorr |
0.47 | VS | Versus Systems Financial Report 20th of May 2024 | PairCorr |
0.45 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
The ability to find closely correlated positions to Bentley SystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bentley SystemsInc 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 Bentley SystemsInc - 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 Bentley SystemsInc to buy it.
The correlation of Bentley SystemsInc 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 Bentley SystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bentley SystemsInc 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 Bentley SystemsInc 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 Bentley SystemsInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Bentley Stock please use our How to Invest in Bentley SystemsInc guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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Is Bentley SystemsInc'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 Bentley SystemsInc. If investors know Bentley 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 Bentley SystemsInc 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 0.515 | Dividend Share 0.21 | Earnings Share 1.08 | Revenue Per Share 3.996 | Quarterly Revenue Growth 0.074 |
The market value of Bentley SystemsInc is measured differently than its book value, which is the value of Bentley that is recorded on the company's balance sheet. Investors also form their own opinion of Bentley SystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Bentley SystemsInc'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 Bentley SystemsInc's market value can be influenced by many factors that don't directly affect Bentley SystemsInc'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 Bentley SystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bentley SystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bentley SystemsInc'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.