Boyd Other Liab vs Net Invested Capital Analysis

BYD Stock

USD 53.18 9.71 15.44%

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 Other Liab and its Net Invested Capital 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.

Other Liab vs Net Invested Capital

Other Liab vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Gaming Other Liab account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Boyd Gaming's Other Liab and Net Invested Capital is 0.6. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Net Invested Capital 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 Other Liab and Net Invested Capital 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 Liab of Boyd Gaming are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Other Liab i.e., Boyd Gaming's Other Liab and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.6

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Liab

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

Interest Expense Depreciation And Amortization

Boyd Gaming fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.92	0.51	0.9	0.49	0.96	0.91	0.22	0.58	0.68	1.0	0.17	0.68	0.46	0.72	0.61	0.95	0.95	0.58	0.16	0.96	0.45	0.82	0.48	0.87	0.61
Short Long Term Debt Total	0.92		0.67	0.86	0.18	0.9	1.0	-0.09	0.33	0.6	0.93	0.1	0.6	0.24	0.69	0.59	0.99	0.88	0.36	0.35	0.99	0.26	0.69	0.51	0.83	0.57
Other Current Liab	0.51	0.67		0.47	-0.09	0.49	0.67	-0.31	-0.08	0.31	0.52	-0.04	0.31	0.0	0.51	0.45	0.63	0.47	-0.02	0.6	0.62	-0.12	0.33	0.26	0.54	0.56
Total Current Liabilities	0.9	0.86	0.47		0.35	0.88	0.86	0.22	0.57	0.55	0.9	0.2	0.55	0.5	0.59	0.35	0.87	0.79	0.5	-0.08	0.9	0.47	0.71	0.77	0.77	0.34
Total Stockholder Equity	0.49	0.18	-0.09	0.35		0.4	0.14	0.89	0.62	0.52	0.46	-0.07	0.53	0.81	0.47	0.39	0.24	0.51	0.43	-0.22	0.26	0.7	0.62	0.24	0.48	0.45
Property Plant And Equipment Net	0.96	0.9	0.49	0.88	0.4		0.9	0.16	0.44	0.58	0.97	0.32	0.58	0.44	0.55	0.46	0.94	0.88	0.65	0.15	0.95	0.43	0.74	0.5	0.73	0.48
Net Debt	0.91	1.0	0.67	0.86	0.14	0.9		-0.13	0.3	0.53	0.92	0.12	0.53	0.22	0.67	0.57	0.99	0.85	0.37	0.37	0.98	0.25	0.64	0.5	0.81	0.55
Retained Earnings	0.22	-0.09	-0.31	0.22	0.89	0.16	-0.13		0.53	0.31	0.19	-0.08	0.31	0.88	0.16	-0.01	-0.03	0.19	0.34	-0.59	0.0	0.79	0.41	0.34	0.22	0.11
Accounts Payable	0.58	0.33	-0.08	0.57	0.62	0.44	0.3	0.53		0.52	0.56	-0.03	0.52	0.49	0.58	0.37	0.37	0.62	0.43	-0.39	0.4	0.49	0.66	0.25	0.61	0.35
Cash	0.68	0.6	0.31	0.55	0.52	0.58	0.53	0.31	0.52		0.64	-0.13	1.0	0.34	0.65	0.52	0.59	0.74	0.15	0.08	0.59	0.29	0.96	0.35	0.72	0.51
Non Current Assets Total	1.0	0.93	0.52	0.9	0.46	0.97	0.92	0.19	0.56	0.64		0.19	0.64	0.45	0.71	0.61	0.96	0.94	0.6	0.18	0.97	0.44	0.79	0.48	0.86	0.61
Non Currrent Assets Other	0.17	0.1	-0.04	0.2	-0.07	0.32	0.12	-0.08	-0.03	-0.13	0.19		-0.13	-0.08	-0.47	-0.33	0.18	-0.04	0.73	-0.04	0.18	-0.07	-0.05	0.11	-0.28	-0.39
Cash And Short Term Investments	0.68	0.6	0.31	0.55	0.53	0.58	0.53	0.31	0.52	1.0	0.64	-0.13		0.34	0.65	0.52	0.59	0.74	0.15	0.08	0.59	0.29	0.96	0.35	0.72	0.51
Net Receivables	0.46	0.24	0.0	0.5	0.81	0.44	0.22	0.88	0.49	0.34	0.45	-0.08	0.34		0.3	0.09	0.29	0.38	0.38	-0.45	0.32	0.92	0.5	0.55	0.42	0.27
Good Will	0.72	0.69	0.51	0.59	0.47	0.55	0.67	0.16	0.58	0.65	0.71	-0.47	0.65	0.3		0.86	0.66	0.85	0.01	0.31	0.66	0.26	0.7	0.23	0.93	0.84
Common Stock Shares Outstanding	0.61	0.59	0.45	0.35	0.39	0.46	0.57	-0.01	0.37	0.52	0.61	-0.33	0.52	0.09	0.86		0.59	0.73	0.08	0.62	0.57	0.11	0.53	-0.07	0.74	0.93
Non Current Liabilities Total	0.95	0.99	0.63	0.87	0.24	0.94	0.99	-0.03	0.37	0.59	0.96	0.18	0.59	0.29	0.66	0.59		0.89	0.48	0.32	1.0	0.32	0.71	0.47	0.82	0.58
Inventory	0.95	0.88	0.47	0.79	0.51	0.88	0.85	0.19	0.62	0.74	0.94	-0.04	0.74	0.38	0.85	0.73	0.89		0.44	0.23	0.89	0.39	0.85	0.32	0.91	0.72
Other Current Assets	0.58	0.36	-0.02	0.5	0.43	0.65	0.37	0.34	0.43	0.15	0.6	0.73	0.15	0.38	0.01	0.08	0.48	0.44		-0.16	0.49	0.43	0.34	0.18	0.2	0.09
Other Stockholder Equity	0.16	0.35	0.6	-0.08	-0.22	0.15	0.37	-0.59	-0.39	0.08	0.18	-0.04	0.08	-0.45	0.31	0.62	0.32	0.23	-0.16		0.28	-0.47	-0.02	-0.34	0.19	0.53
Total Liab	0.96	0.99	0.62	0.9	0.26	0.95	0.98	0.0	0.4	0.59	0.97	0.18	0.59	0.32	0.66	0.57	1.0	0.89	0.49	0.28		0.34	0.72	0.51	0.82	0.56
Property Plant And Equipment Gross	0.45	0.26	-0.12	0.47	0.7	0.43	0.25	0.79	0.49	0.29	0.44	-0.07	0.29	0.92	0.26	0.11	0.32	0.39	0.43	-0.47	0.34		0.45	0.51	0.37	0.26
Total Current Assets	0.82	0.69	0.33	0.71	0.62	0.74	0.64	0.41	0.66	0.96	0.79	-0.05	0.96	0.5	0.7	0.53	0.71	0.85	0.34	-0.02	0.72	0.45		0.44	0.81	0.56
Short Term Debt	0.48	0.51	0.26	0.77	0.24	0.5	0.5	0.34	0.25	0.35	0.48	0.11	0.35	0.55	0.23	-0.07	0.47	0.32	0.18	-0.34	0.51	0.51	0.44		0.39	-0.06
Intangible Assets	0.87	0.83	0.54	0.77	0.48	0.73	0.81	0.22	0.61	0.72	0.86	-0.28	0.72	0.42	0.93	0.74	0.82	0.91	0.2	0.19	0.82	0.37	0.81	0.39		0.74
Common Stock Total Equity	0.61	0.57	0.56	0.34	0.45	0.48	0.55	0.11	0.35	0.51	0.61	-0.39	0.51	0.27	0.84	0.93	0.58	0.72	0.09	0.53	0.56	0.26	0.56	-0.06	0.74

Click cells to compare fundamentals

Boyd Gaming Account Relationship Matchups

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.

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.

Pair Correlation Correlation Matching

When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:

How To Invest In Boyd

Details

Is Boyd Stock a good investment?

Details

What is Boyd Gaming's Net Worth?

Details

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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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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

(0.43)

Dividend Share

0.64

Earnings Share

6.12

Revenue Per Share

36.896

Quarterly Revenue Growth

0.034

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.

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Boyd Other Liab vs Net Invested Capital Analysis

Other Liab vs Net Invested Capital

Other Liab vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Other Liab

Net Invested Capital

Boyd Gaming fundamental ratios Correlations

Boyd Gaming Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Boyd Gaming fundamental ratios Accounts

Pair Trading with Boyd Gaming

Complementary Tools for Boyd Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.59	Retained Earnings
Property Plant And Equipment Gross	- 0.47	Other Stockholder Equity
Good Will	- 0.47	Non Currrent Assets Other
Other Stockholder Equity	- 0.45	Net Receivables
Common Stock Total Equity	- 0.39	Non Currrent Assets Other
Other Stockholder Equity	- 0.39	Accounts Payable