Bird Net Debt vs Good Will Analysis

BDT Stock

CAD 27.55 0.09 0.33%

Bird Construction financial indicator trend analysis is way more than just evaluating Bird Construction prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bird Construction is a good investment. Please check the relationship between Bird Construction Net Debt and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bird Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bird Construction Net Debt account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Bird Construction's Net Debt and Good Will is 0.54. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Bird Construction, assuming nothing else is changed. The correlation between historical values of Bird Construction's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Bird Construction are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Bird Construction's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Bird Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bird Construction 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 Bird Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Bird Construction's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Multiple is likely to grow to 5.58, while Selling General Administrative is likely to drop about 81.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	186.7M	201.8M	240.5M	134.0M
Total Revenue	2.2B	2.4B	2.8B	1.5B

Gross Profit Total Revenue

Bird Construction fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Long Term Debt Total	Non Current Liabilities Total	Inventory	Good Will
Total Assets		0.78	0.98	0.93	0.85	0.76	0.35	0.72	0.98	0.38	0.83	0.22	0.0	0.8	0.86	-0.79	0.49	-0.16	0.99	0.77	0.99	-0.02	0.87	0.8	0.23	0.83
Other Current Liab	0.78		0.69	0.74	0.8	0.57	0.61	0.4	0.69	-0.03	0.83	0.2	-0.22	0.59	0.62	-0.55	0.46	-0.13	0.77	0.74	0.7	-0.21	0.78	0.82	0.49	0.86
Total Current Liabilities	0.98	0.69		0.86	0.81	0.75	0.29	0.67	0.99	0.46	0.77	0.28	0.08	0.79	0.86	-0.81	0.47	-0.2	0.99	0.72	0.99	0.13	0.88	0.74	0.13	0.72
Total Stockholder Equity	0.93	0.74	0.86		0.78	0.67	0.22	0.9	0.91	0.33	0.78	0.06	-0.03	0.75	0.87	-0.71	0.38	-0.09	0.88	0.74	0.91	-0.32	0.66	0.74	0.22	0.89
Property Plant And Equipment Net	0.85	0.8	0.81	0.78		0.91	0.52	0.51	0.8	0.22	0.99	0.31	-0.24	0.92	0.77	-0.83	0.7	-0.21	0.85	0.93	0.82	-0.07	0.83	0.97	0.46	0.78
Current Deferred Revenue	0.76	0.57	0.75	0.67	0.91		0.44	0.49	0.72	0.26	0.9	0.24	-0.31	0.96	0.66	-0.73	0.71	-0.09	0.76	0.92	0.76	0.04	0.72	0.91	0.51	0.63
Net Debt	0.35	0.61	0.29	0.22	0.52	0.44		-0.08	0.21	-0.65	0.57	0.34	-0.77	0.42	0.09	-0.1	0.34	-0.2	0.37	0.62	0.27	0.2	0.6	0.61	0.73	0.54
Retained Earnings	0.72	0.4	0.67	0.9	0.51	0.49	-0.08		0.74	0.41	0.52	-0.19	0.07	0.61	0.78	-0.55	0.13	0.01	0.65	0.53	0.74	-0.38	0.34	0.46	0.0	0.69
Accounts Payable	0.98	0.69	0.99	0.91	0.8	0.72	0.21	0.74		0.49	0.77	0.25	0.11	0.78	0.9	-0.84	0.43	-0.21	0.98	0.71	0.99	0.0	0.81	0.73	0.1	0.76
Cash	0.38	-0.03	0.46	0.33	0.22	0.26	-0.65	0.41	0.49		0.14	-0.09	0.8	0.27	0.54	-0.58	0.21	0.05	0.38	0.01	0.45	0.06	0.2	0.1	-0.54	-0.05
Non Current Assets Total	0.83	0.83	0.77	0.78	0.99	0.9	0.57	0.52	0.77	0.14		0.27	-0.32	0.91	0.74	-0.78	0.69	-0.17	0.82	0.95	0.79	-0.14	0.79	0.98	0.54	0.82
Non Currrent Assets Other	0.22	0.2	0.28	0.06	0.31	0.24	0.34	-0.19	0.25	-0.09	0.27		-0.24	0.25	0.08	-0.23	0.3	-0.66	0.26	0.28	0.21	0.38	0.33	0.2	0.18	0.15
Cash And Short Term Investments	0.0	-0.22	0.08	-0.03	-0.24	-0.31	-0.77	0.07	0.11	0.8	-0.32	-0.24		-0.3	0.19	-0.17	-0.21	0.16	0.01	-0.48	0.06	0.04	-0.09	-0.35	-0.78	-0.32
Net Receivables	0.8	0.59	0.79	0.75	0.92	0.96	0.42	0.61	0.78	0.27	0.91	0.25	-0.3		0.75	-0.77	0.64	-0.2	0.79	0.94	0.81	0.02	0.71	0.89	0.44	0.68
Common Stock Shares Outstanding	0.86	0.62	0.86	0.87	0.77	0.66	0.09	0.78	0.9	0.54	0.74	0.08	0.19	0.75		-0.89	0.26	-0.03	0.84	0.67	0.87	-0.16	0.67	0.66	-0.1	0.71
Short Term Investments	-0.79	-0.55	-0.81	-0.71	-0.83	-0.73	-0.1	-0.55	-0.84	-0.58	-0.78	-0.23	-0.17	-0.77	-0.89		-0.5	0.14	-0.79	-0.67	-0.8	0.08	-0.68	-0.71	0.01	-0.56
Other Current Assets	0.49	0.46	0.47	0.38	0.7	0.71	0.34	0.13	0.43	0.21	0.69	0.3	-0.21	0.64	0.26	-0.5		-0.17	0.51	0.58	0.46	0.04	0.56	0.73	0.56	0.34
Other Stockholder Equity	-0.16	-0.13	-0.2	-0.09	-0.21	-0.09	-0.2	0.01	-0.21	0.05	-0.17	-0.66	0.16	-0.2	-0.03	0.14	-0.17		-0.18	-0.19	-0.17	-0.26	-0.19	-0.13	-0.16	-0.09
Total Liab	0.99	0.77	0.99	0.88	0.85	0.76	0.37	0.65	0.98	0.38	0.82	0.26	0.01	0.79	0.84	-0.79	0.51	-0.18		0.76	0.99	0.07	0.91	0.8	0.23	0.79
Property Plant And Equipment Gross	0.77	0.74	0.72	0.74	0.93	0.92	0.62	0.53	0.71	0.01	0.95	0.28	-0.48	0.94	0.67	-0.67	0.58	-0.19	0.76		0.74	-0.11	0.71	0.95	0.64	0.82
Total Current Assets	0.99	0.7	0.99	0.91	0.82	0.76	0.27	0.74	0.99	0.45	0.79	0.21	0.06	0.81	0.87	-0.8	0.46	-0.17	0.99	0.74		0.04	0.84	0.76	0.17	0.77
Short Term Debt	-0.02	-0.21	0.13	-0.32	-0.07	0.04	0.2	-0.38	0.0	0.06	-0.14	0.38	0.04	0.02	-0.16	0.08	0.04	-0.26	0.07	-0.11	0.04		0.32	-0.12	-0.16	-0.35
Short Long Term Debt Total	0.87	0.78	0.88	0.66	0.83	0.72	0.6	0.34	0.81	0.2	0.79	0.33	-0.09	0.71	0.67	-0.68	0.56	-0.19	0.91	0.71	0.84	0.32		0.8	0.3	0.67
Non Current Liabilities Total	0.8	0.82	0.74	0.74	0.97	0.91	0.61	0.46	0.73	0.1	0.98	0.2	-0.35	0.89	0.66	-0.71	0.73	-0.13	0.8	0.95	0.76	-0.12	0.8		0.63	0.8
Inventory	0.23	0.49	0.13	0.22	0.46	0.51	0.73	0.0	0.1	-0.54	0.54	0.18	-0.78	0.44	-0.1	0.01	0.56	-0.16	0.23	0.64	0.17	-0.16	0.3	0.63		0.49
Good Will	0.83	0.86	0.72	0.89	0.78	0.63	0.54	0.69	0.76	-0.05	0.82	0.15	-0.32	0.68	0.71	-0.56	0.34	-0.09	0.79	0.82	0.77	-0.35	0.67	0.8	0.49

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Bird Construction Account Relationship Matchups

Bird Construction fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	856.8M	1.1B	1.1B	1.2B	1.4B	776.3M
Other Current Liab	11.4M	31.3M	41.4M	29.7M	26.6M	17.0M
Total Current Liabilities	648.9M	684.6M	721.3M	785.7M	914.5M	535.2M
Total Stockholder Equity	127.7M	212.6M	243.5M	273.0M	322.5M	176.1M
Property Plant And Equipment Net	80.5M	120.9M	122.5M	121.6M	130.4M	137.0M
Current Deferred Revenue	112.1M	120.1M	130.3M	147.0M	206.3M	216.7M
Net Debt	(23.2M)	(61.1M)	32.4M	36.7M	(26.2M)	(27.5M)
Retained Earnings	83.2M	102.5M	126.9M	156.5M	205.3M	117.0M
Accounts Payable	419.9M	490.5M	514.3M	570.7M	640.0M	391.2M
Cash	180.3M	212.1M	125.7M	111.6M	177.5M	167.9M
Non Current Assets Total	127.4M	241.7M	264.1M	259.0M	275.9M	289.7M
Non Currrent Assets Other	6.6M	13.2M	9.1M	5.5M	3.6M	3.8M
Cash And Short Term Investments	180.3M	212.1M	125.7M	111.6M	79.9M	75.9M
Net Receivables	512.9M	558.4M	648.7M	757.5M	946.0M	993.3M
Short Term Investments	7.1M	1.3M	4.9M	3.0M	48K	45.6K
Liabilities And Stockholders Equity	856.8M	1.1B	1.1B	1.2B	1.4B	776.3M
Other Current Assets	35.6M	157.4M	19.9M	22.3M	110.5M	116.0M
Total Liab	729.1M	849.2M	893.7M	956.3M	1.1B	600.2M
Property Plant And Equipment Gross	80.5M	120.9M	230.9M	249.9M	271.1M	284.7M
Total Current Assets	729.4M	820.1M	873.1M	970.3M	1.1B	660.1M
Accumulated Other Comprehensive Income	40K	70K	13K	(89K)	(41K)	(43.1K)
Short Term Debt	99.3M	26.8M	27.3M	24.9M	29.1M	35.1M
Short Long Term Debt Total	157.1M	151.0M	158.0M	148.4M	151.4M	87.2M
Non Current Liabilities Total	80.2M	164.6M	172.4M	170.6M	187.4M	196.8M
Inventory	549K	8.0M	9.4M	10.4M	12.1M	12.7M
Intangible Assets	2.5M	27.5M	30.5M	34.7M	46.4M	48.7M
Other Liab	22.3M	40.3M	41.6M	47.1M	54.2M	29.2M
Net Tangible Assets	108.8M	152.0M	157.3M	182.5M	209.9M	156.8M
Other Assets	17.9M	45.2M	41.9M	37.1M	1.0	0.95
Long Term Debt	34.7M	64.9M	71.2M	68.0M	64.6M	37.8M
Short Long Term Debt	91.3M	8.0M	7.5M	7.1M	8.3M	7.9M
Property Plant Equipment	80.5M	120.9M	122.5M	121.6M	139.8M	84.6M
Long Term Debt Total	57.8M	124.2M	130.8M	123.5M	142.0M	149.1M
Capital Lease Obligations	31.1M	78.1M	79.4M	73.3M	78.4M	49.2M

Pair Trading with Bird Construction

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 Bird Construction 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 Bird Construction will appreciate offsetting losses from the drop in the long position's value.

Moving against Bird Stock

0.5

PFE

Pfizer Inc CDR

Pair Corr

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

The correlation of Bird Construction 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 Bird Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bird Construction 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 Bird Construction 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

Other Information on Investing in Bird Stock

Balance Sheet is a snapshot of the financial position of Bird Construction at a specified time, usually calculated after every quarter, six months, or one year. Bird Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bird Construction and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bird currently owns. An asset can also be divided into two categories, current and non-current.

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Bird Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Bird Construction fundamental ratios Correlations

Bird Construction Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bird Construction fundamental ratios Accounts

Pair Trading with Bird Construction

Moving against Bird Stock

Other Information on Investing in Bird Stock

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Total Liab	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Short Term Investments	- 0.89	Common Stock Shares Outstanding
Short Term Investments	- 0.84	Accounts Payable
Short Term Investments	- 0.83	Property Plant And Equipment Net
Short Term Investments	- 0.81	Total Current Liabilities
Total Current Assets	- 0.8	Short Term Investments
Total Liab	- 0.79	Short Term Investments