Boyd Non Current Assets Total vs Accounts Payable Analysis
BYD Stock | USD 53.25 1.18 2.17% |
Boyd Gaming financial indicator trend analysis is way more than just evaluating Boyd Gaming prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boyd Gaming is a good investment. Please check the relationship between Boyd Gaming Non Current Assets Total and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Gaming Non Current Assets Total account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Boyd Gaming's Non Current Assets Total and Accounts Payable is 0.56. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Boyd Gaming, assuming nothing else is changed. The correlation between historical values of Boyd Gaming's Non Current Assets Total and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Boyd Gaming are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Boyd Gaming's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Boyd Gaming 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 Boyd Gaming 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.Most indicators from Boyd Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boyd Gaming 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 Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.At present, Boyd Gaming's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 7.73, whereas Selling General Administrative is forecasted to decline to about 410.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 199.4M | 151.2M | 171.2M | 168.3M | Depreciation And Amortization | 274.4M | 317.6M | 256.8M | 184.9M |
Boyd Gaming fundamental ratios Correlations
Click cells to compare fundamentals
Boyd Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boyd Gaming fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.7B | 6.6B | 6.2B | 6.3B | 6.5B | 4.3B | |
Short Long Term Debt Total | 4.7B | 4.8B | 3.9B | 3.9B | 3.7B | 2.8B | |
Other Current Liab | 328.4M | 289.9M | 313.1M | 4.5M | 313.0M | 169.4M | |
Total Current Liabilities | 556.9M | 524.0M | 557.0M | 586.1M | 596.3M | 379.1M | |
Total Stockholder Equity | 1.3B | 1.1B | 1.5B | 1.6B | 1.7B | 1.8B | |
Property Plant And Equipment Net | 3.6B | 3.5B | 3.3B | 3.2B | 3.3B | 2.4B | |
Net Debt | 4.4B | 4.3B | 3.6B | 3.6B | 3.4B | 2.6B | |
Retained Earnings | 380.9M | 246.2M | 710.1M | 1.3B | 1.7B | 1.8B | |
Accounts Payable | 91.0M | 96.9M | 102.0M | 129.9M | 124.7M | 77.5M | |
Cash | 250.0M | 519.2M | 344.6M | 283.5M | 307.9M | 183.1M | |
Non Current Assets Total | 6.3B | 5.9B | 5.7B | 5.8B | 6.0B | 4.0B | |
Non Currrent Assets Other | 91.8M | 100.5M | 98.2M | (184.2M) | 55.2M | 52.4M | |
Cash And Short Term Investments | 250.0M | 519.2M | 344.6M | 283.5M | 308.6M | 183.1M | |
Net Receivables | 60.5M | 53.5M | 89.5M | 111.6M | 141.4M | 148.5M | |
Good Will | 1.1B | 1.1B | 971.3M | 1.0B | 947.3M | 554.6M | |
Common Stock Shares Outstanding | 113.9M | 113.5M | 114.1M | 109.0M | 101.4M | 94.3M | |
Liabilities And Stockholders Equity | 6.7B | 6.6B | 6.2B | 6.3B | 6.5B | 4.3B | |
Non Current Liabilities Total | 4.8B | 4.9B | 4.1B | 4.1B | 4.2B | 3.0B | |
Inventory | 22.1M | 22.6M | 20.1M | 22.2M | 20.7M | 14.6M | |
Other Current Assets | 46.5M | 39.2M | 41.1M | 49.4M | 58.6M | 41.8M | |
Other Stockholder Equity | 883.7M | 876.4M | 827.7M | 305.2M | 350.9M | 663.3M | |
Total Liab | 5.4B | 5.4B | 4.7B | 4.7B | 4.8B | 3.4B | |
Property Plant And Equipment Gross | 2.7B | 3.5B | 2.4B | 6.4B | 6.5B | 6.9B | |
Total Current Assets | 399.5M | 650.3M | 507.8M | 478.2M | 529.3M | 304.3M | |
Accumulated Other Comprehensive Income | (530K) | 150K | (180K) | (1.4M) | (1.1M) | (1.2M) | |
Short Term Debt | 114.7M | 121.2M | 126.6M | 133.1M | 143.1M | 150.3M | |
Intangible Assets | 1.5B | 1.4B | 1.4B | 1.4B | 1.4B | 766.6M | |
Other Liab | 248.8M | 195.4M | 322.5M | 370.8M | 426.4M | 447.7M | |
Other Assets | 76.2M | 1.0B | 98.2M | 147.4M | 3.4B | 3.6B | |
Long Term Debt | 3.7B | 3.9B | 3.0B | 3.0B | 2.9B | 3.1B | |
Property Plant Equipment | 2.7B | 2.5B | 3.3B | 2.4B | 2.8B | 2.9B | |
Current Deferred Revenue | 22.9M | 16.0M | 15.3M | 318.6M | 15.5M | 14.7M | |
Net Tangible Assets | (444.7M) | 2.0B | (837.3M) | 921.9M | 1.1B | 1.1B | |
Retained Earnings Total Equity | 380.9M | 246.2M | 710.1M | 1.3B | 1.5B | 1.6B | |
Long Term Debt Total | 3.7B | 3.9B | 3.0B | 3.0B | 2.7B | 2.9B |
Pair Trading with Boyd Gaming
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 Boyd Gaming 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 Boyd Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
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The ability to find closely correlated positions to Boyd Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Gaming 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 Boyd Gaming - 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 Boyd Gaming to buy it.
The correlation of Boyd Gaming 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 Boyd Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Gaming 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 Boyd Gaming 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 Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Boyd Stock analysis
When running Boyd Gaming's price analysis, check to measure Boyd Gaming'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 Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Boyd Gaming'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 Boyd Gaming. If investors know Boyd 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 Boyd Gaming 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 (0.27) | Dividend Share 0.65 | Earnings Share 5.59 | Revenue Per Share 37.433 | Quarterly Revenue Growth (0) |
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming'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 Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming'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 Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming'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.