Boyd Short Term Debt vs Net Debt 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 Short Term Debt and its Net Debt 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.
Short Term Debt vs Net Debt
Short Term Debt vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Gaming Short Term Debt account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Boyd Gaming's Short Term Debt and Net Debt is 0.5. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Debt 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 Short Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Boyd Gaming are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Debt i.e., Boyd Gaming's Short Term Debt and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.5 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Debt
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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 |
Boyd Gaming Investors Sentiment
The influence of Boyd Gaming's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Boyd. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Boyd Gaming's public news can be used to forecast risks associated with an investment in Boyd. The trend in average sentiment can be used to explain how an investor holding Boyd can time the market purely based on public headlines and social activities around Boyd Gaming. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boyd Gaming's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boyd Gaming's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Boyd Gaming's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Boyd Gaming.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boyd Gaming in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boyd Gaming's short interest history, or implied volatility extrapolated from Boyd Gaming options trading.
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.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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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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.