Broadway Earning Assets vs Total Current Assets Analysis

BYFC Stock

USD 4.91 0.04 0.82%

Broadway Financial financial indicator trend analysis is way more than just evaluating Broadway Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Broadway Financial is a good investment. Please check the relationship between Broadway Financial Earning Assets and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.

Earning Assets vs Total Current Assets

Earning Assets vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Broadway Financial Earning Assets account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Broadway Financial's Earning Assets and Total Current Assets is -0.63. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Broadway Financial, assuming nothing else is changed. The correlation between historical values of Broadway Financial's Earning Assets and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Earning Assets of Broadway Financial are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Earning Assets i.e., Broadway Financial's Earning Assets and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Earning Assets

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Broadway Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Broadway Financial 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 Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.At present, Broadway Financial's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 181.1 M, whereas Enterprise Value is forecasted to decline to about 146.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.7M	3.4M	3.1M	4.6M
Depreciation And Amortization	680K	811K	932.7K	979.3K

Interest Expense Depreciation And Amortization

Broadway Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Short Term Debt	Other Liab	Accounts Payable	Long Term Debt	Common Stock Total Equity	Short Term Investments	Inventory
Total Assets		0.97	0.95	0.24	0.36	0.32	0.97	0.04	0.65	0.3	0.98	-0.21	0.98	0.83	0.98	0.98	0.86	0.95	0.95	0.9	0.87	0.17	0.71	0.95	-0.27	0.6
Total Stockholder Equity	0.97		0.89	0.41	0.4	0.11	0.99	-0.06	0.52	0.08	0.97	-0.18	0.95	0.91	0.94	0.93	0.83	0.94	0.93	0.95	0.82	-0.03	0.77	0.93	-0.15	0.76
Property Plant And Equipment Net	0.95	0.89		0.07	0.27	0.43	0.92	0.17	0.61	0.42	0.96	-0.32	0.93	0.72	0.97	0.96	0.73	0.86	0.9	0.82	0.92	0.35	0.58	0.88	-0.16	0.51
Net Debt	0.24	0.41	0.07		-0.04	-0.8	0.38	-0.31	0.06	-0.81	0.27	0.12	0.18	0.62	0.15	0.07	0.51	0.23	0.28	0.45	0.17	-0.82	0.51	0.2	-0.26	0.83
Retained Earnings	0.36	0.4	0.27	-0.04		0.15	0.34	0.18	0.31	0.09	0.3	0.03	0.39	0.22	0.33	0.36	0.16	0.52	0.51	0.31	-0.04	0.04	0.52	0.44	0.11	0.16
Cash	0.32	0.11	0.43	-0.8	0.15		0.13	0.3	0.41	0.99	0.25	-0.23	0.35	-0.17	0.39	0.45	0.11	0.3	0.25	0.05	0.3	0.92	-0.06	0.33	-0.13	-0.52
Non Current Assets Total	0.97	0.99	0.92	0.38	0.34	0.13		-0.04	0.49	0.11	0.99	-0.23	0.95	0.91	0.96	0.94	0.81	0.92	0.93	0.94	0.88	0.02	0.74	0.91	-0.1	0.76
Non Currrent Assets Other	0.04	-0.06	0.17	-0.31	0.18	0.3	-0.04		0.24	0.29	0.04	-0.05	-0.03	-0.27	0.07	0.04	-0.09	-0.06	0.23	-0.19	0.02	0.48	0.08	-0.04	-0.03	-0.26
Other Assets	0.65	0.52	0.61	0.06	0.31	0.41	0.49	0.24		0.4	0.54	0.03	0.6	0.34	0.57	0.59	0.68	0.62	0.64	0.47	0.47	0.26	0.41	0.63	-0.71	0.15
Cash And Short Term Investments	0.3	0.08	0.42	-0.81	0.09	0.99	0.11	0.29	0.4		0.23	-0.16	0.34	-0.2	0.35	0.43	0.07	0.28	0.21	0.03	0.3	0.9	-0.15	0.32	-0.14	-0.54
Net Receivables	0.98	0.97	0.96	0.27	0.3	0.25	0.99	0.04	0.54	0.23		-0.3	0.95	0.86	0.98	0.97	0.8	0.91	0.94	0.91	0.92	0.16	0.7	0.91	-0.12	0.67
Common Stock Shares Outstanding	-0.21	-0.18	-0.32	0.12	0.03	-0.23	-0.23	-0.05	0.03	-0.16	-0.3		-0.1	-0.18	-0.33	-0.27	-0.14	-0.06	-0.23	-0.12	-0.42	-0.39	-0.09	0.01	-0.31	-0.15
Other Stockholder Equity	0.98	0.95	0.93	0.18	0.39	0.35	0.95	-0.03	0.6	0.34	0.95	-0.1		0.79	0.96	0.97	0.79	0.97	0.91	0.91	0.81	0.17	0.64	0.99	-0.21	0.55
Total Liab	0.83	0.91	0.72	0.62	0.22	-0.17	0.91	-0.27	0.34	-0.2	0.86	-0.18	0.79		0.8	0.77	0.78	0.76	0.78	0.84	0.76	-0.29	0.76	0.75	-0.11	0.89
Property Plant And Equipment Gross	0.98	0.94	0.97	0.15	0.33	0.39	0.96	0.07	0.57	0.35	0.98	-0.33	0.96	0.8		0.99	0.81	0.92	0.94	0.88	0.9	0.28	0.69	0.91	-0.15	0.57
Total Current Assets	0.98	0.93	0.96	0.07	0.36	0.45	0.94	0.04	0.59	0.43	0.97	-0.27	0.97	0.77	0.99		0.77	0.93	0.91	0.86	0.88	0.31	0.64	0.94	-0.15	0.51
Short Long Term Debt Total	0.86	0.83	0.73	0.51	0.16	0.11	0.81	-0.09	0.68	0.07	0.8	-0.14	0.79	0.78	0.81	0.77		0.8	0.82	0.82	0.71	-0.04	0.76	0.79	-0.59	0.64
Other Current Liab	0.95	0.94	0.86	0.23	0.52	0.3	0.92	-0.06	0.62	0.28	0.91	-0.06	0.97	0.76	0.92	0.93	0.8		0.91	0.93	0.72	0.1	0.71	0.98	-0.25	0.57
Total Current Liabilities	0.95	0.93	0.9	0.28	0.51	0.25	0.93	0.23	0.64	0.21	0.94	-0.23	0.91	0.78	0.94	0.91	0.82	0.91		0.85	0.78	0.17	0.81	0.89	-0.23	0.62
Short Term Debt	0.9	0.95	0.82	0.45	0.31	0.05	0.94	-0.19	0.47	0.03	0.91	-0.12	0.91	0.84	0.88	0.86	0.82	0.93	0.85		0.78	-0.1	0.72	0.9	-0.16	0.77
Other Liab	0.87	0.82	0.92	0.17	-0.04	0.3	0.88	0.02	0.47	0.3	0.92	-0.42	0.81	0.76	0.9	0.88	0.71	0.72	0.78	0.78		0.26	0.49	0.74	-0.12	0.57
Accounts Payable	0.17	-0.03	0.35	-0.82	0.04	0.92	0.02	0.48	0.26	0.9	0.16	-0.39	0.17	-0.29	0.28	0.31	-0.04	0.1	0.17	-0.1	0.26		-0.13	0.11	0.04	-0.55
Long Term Debt	0.71	0.77	0.58	0.51	0.52	-0.06	0.74	0.08	0.41	-0.15	0.7	-0.09	0.64	0.76	0.69	0.64	0.76	0.71	0.81	0.72	0.49	-0.13		0.63	-0.21	0.71
Common Stock Total Equity	0.95	0.93	0.88	0.2	0.44	0.33	0.91	-0.04	0.63	0.32	0.91	0.01	0.99	0.75	0.91	0.94	0.79	0.98	0.89	0.9	0.74	0.11	0.63		-0.27	0.53
Short Term Investments	-0.27	-0.15	-0.16	-0.26	0.11	-0.13	-0.1	-0.03	-0.71	-0.14	-0.12	-0.31	-0.21	-0.11	-0.15	-0.15	-0.59	-0.25	-0.23	-0.16	-0.12	0.04	-0.21	-0.27		-0.01
Inventory	0.6	0.76	0.51	0.83	0.16	-0.52	0.76	-0.26	0.15	-0.54	0.67	-0.15	0.55	0.89	0.57	0.51	0.64	0.57	0.62	0.77	0.57	-0.55	0.71	0.53	-0.01

Click cells to compare fundamentals

Broadway Financial Account Relationship Matchups

Broadway Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	440.4M	483.4M	1.1B	1.2B	1.4B	1.4B
Total Stockholder Equity	48.8M	48.9M	141M	279.5M	321.4M	337.5M
Property Plant And Equipment Net	2.8M	2.5M	10.3M	10.3M	9.3M	9.7M
Net Debt	72.8M	17.7M	(131.6M)	126.2M	145.2M	152.4M
Retained Earnings	8.4M	7.8M	3.7M	9.3M	8.4M	4.5M
Cash	15.6M	96.1M	231.5M	16.1M	18.5M	22.8M
Non Current Assets Total	14.0M	13.3M	195.7M	367.4M	422.5M	443.6M
Non Currrent Assets Other	(14.0M)	(13.3M)	(6.1M)	(11.9M)	(13.7M)	(14.3M)
Other Assets	398.6M	362.1M	506.5M	468.2M	538.5M	321.6M
Cash And Short Term Investments	26.6M	106.8M	387.9M	16.1M	18.5M	34.1M
Net Receivables	1.2M	1.2M	3.4M	4.0M	4.6M	4.8M
Common Stock Shares Outstanding	3.4M	3.4M	7.5M	9.1M	10.5M	8.5M
Liabilities And Stockholders Equity	440.4M	483.4M	1.1B	1.2B	1.4B	1.4B
Other Stockholder Equity	40.1M	40.6M	134.1M	136.9M	157.4M	165.3M
Total Liab	88.3M	113.8M	100.0M	904.8M	1.0B	1.1B
Property Plant And Equipment Gross	2.8M	6.3M	14.4M	14.7M	16.9M	17.7M
Total Current Assets	27.8M	108.0M	391.3M	348.8M	401.2M	421.2M
Short Long Term Debt Total	88.3M	113.8M	100.0M	142.3M	163.7M	171.9M
Other Current Liab	228.9M	236.0M	515.4M	608.1M	699.3M	734.2M
Total Current Liabilities	262.9M	263.7M	585.8M	767.3M	882.4M	926.5M
Short Term Debt	34.1M	27.7M	70.3M	159.2M	183.1M	192.2M
Accumulated Other Comprehensive Income	(23K)	164K	(551K)	(17.5M)	(15.7M)	(14.9M)
Other Liab	1.0M	787K	12.9M	12.1M	13.9M	14.6M
Accounts Payable	4.4M	315.6M	788.1M	11.9M	10.7M	10.2M
Long Term Debt	4.3M	113.8M	14M	142.3M	163.7M	171.9M
Common Stock Total Equity	305K	219K	744K	761K	875.2K	918.9K
Short Term Investments	11.0M	10.7M	156.4M	328.7M	295.9M	578.2M
Inventory	(16.8M)	(97.3M)	(234.9M)	308.7M	277.8M	291.7M
Common Stock	305K	306K	744K	761K	875.2K	918.9K
Property Plant Equipment	2.8M	2.5M	10.3M	10.3M	9.3M	9.7M
Other Current Assets	16.8M	97.3M	234.9M	20.1M	18.1M	17.2M
Non Current Liabilities Total	88.3M	113.8M	100.0M	904.8M	1.0B	1.1B
Retained Earnings Total Equity	8.4M	7.8M	3.7M	9.3M	10.7M	11.2M
Net Tangible Assets	48.8M	48.9M	141M	101.1M	116.3M	60.5M

Pair Trading with Broadway Financial

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 Broadway Financial 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 Broadway Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Broadway Stock

0.78	TECTP	Tectonic Financial	Pair Corr
0.76	DB	Deutsche Bank AG	Pair Corr
0.68	CFG-PD	Citizens Financial	Pair Corr
0.44	RF	Regions Financial Financial Report 19th of July 2024	Pair Corr

The ability to find closely correlated positions to Broadway Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadway Financial 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 Broadway Financial - 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 Broadway Financial to buy it.

The correlation of Broadway Financial 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 Broadway Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadway Financial 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 Broadway Financial 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 Broadway Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Broadway Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Broadway Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Broadway Financial Stock:

How To Invest In Broadway

Details

Is Broadway Stock a good investment?

Details

What is Broadway Financial's Net Worth?

Details

Largest Thrifts & Mortgage Finance Companies

View

Largest Banks - Regional Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadway Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

For information on how to trade Broadway Stock refer to our How to Trade Broadway Stock guide.

Note that the Broadway Financial information on this page should be used as a complementary analysis to other Broadway Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Broadway Stock analysis

When running Broadway Financial's price analysis, check to measure Broadway Financial'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 Broadway Financial is operating at the current time. Most of Broadway Financial's value examination focuses on studying past and present price action to predict the probability of Broadway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Broadway Financial's price. Additionally, you may evaluate how the addition of Broadway Financial to your portfolios can decrease your overall portfolio volatility.

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Is Broadway Financial'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 Broadway Financial. If investors know Broadway 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 Broadway Financial 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

(0.87)

Earnings Share

0.56

Revenue Per Share

3.606

Quarterly Revenue Growth

(0.24)

Return On Assets

0.0038

The market value of Broadway Financial is measured differently than its book value, which is the value of Broadway that is recorded on the company's balance sheet. Investors also form their own opinion of Broadway Financial's value that differs from its market value or its book value, called intrinsic value, which is Broadway Financial'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 Broadway Financial's market value can be influenced by many factors that don't directly affect Broadway Financial'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 Broadway Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadway Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadway Financial'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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Broadway Earning Assets vs Total Current Assets Analysis

Earning Assets vs Total Current Assets

Earning Assets vs Total Current Assets Correlation Analysis

Correlation Coefficient

Earning Assets

Total Current Assets

Broadway Financial fundamental ratios Correlations

Broadway Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Broadway Financial fundamental ratios Accounts

Pair Trading with Broadway Financial

Moving against Broadway Stock

Complementary Tools for Broadway Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Net Receivables	+ 0.99	Non Current Assets Total
Common Stock Total Equity	+ 0.99	Other Stockholder Equity
Total Current Assets	+ 0.99	Property Plant And Equipment Gross
Net Receivables	+ 0.98	Total Assets

Accounts Payable	- 0.82	Net Debt
Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.8	Net Debt
Short Term Investments	- 0.71	Other Assets
Short Term Investments	- 0.59	Short Long Term Debt Total
Inventory	- 0.55	Accounts Payable