Boyd Historical Balance Sheet
| BYD Stock | CAD 203.31 4.19 2.02% |
Trend analysis of Boyd Group Services balance sheet accounts such as Short Long Term Debt Total of 1.6 B, Other Current Liabilities of 3.4 M or Total Current Liabilities of 653.5 M provides information on Boyd Group's total assets, liabilities, and equity, which is the actual value of Boyd Group Services to its prevalent stockholders. By breaking down trends over time using Boyd Group balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Boyd Group Services latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Boyd Group Services is a good buy for the upcoming year.
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About Boyd Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Boyd Group Services at a specified time, usually calculated after every quarter, six months, or one year. Boyd Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Boyd Group 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 Boyd currently owns. An asset can also be divided into two categories, current and non-current.
Boyd Group Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Boyd Group assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Boyd Group Services books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Boyd Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Boyd Group Services are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most accounts from Boyd Group's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Boyd Group Services current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Group Services. 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, Boyd Group's Current Deferred Revenue is very stable compared to the past year. As of the 11th of December 2024, Net Debt is likely to grow to about 1.5 B, while Cash is likely to drop about 21.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 985.4M | 978.1M | 1.5B | 1.6B | Total Assets | 2.0B | 2.1B | 3.1B | 3.3B |
Boyd Group balance sheet Correlations
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Boyd Group Account Relationship Matchups
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Boyd Group balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.5B | 1.6B | 2.0B | 2.1B | 3.1B | 3.3B | |
| Short Long Term Debt Total | 897.8M | 599.4M | 985.4M | 978.1M | 1.5B | 1.6B | |
| Other Current Liab | 712.7K | 2.4M | 2.4M | 2.3M | 3.2M | 3.4M | |
| Total Current Liabilities | 308.0M | 305.6M | 367.7M | 424.3M | 622.4M | 653.5M | |
| Total Stockholder Equity | 468.4M | 710.6M | 726.4M | 746.6M | 1.1B | 1.1B | |
| Property Plant And Equipment Net | 588.2M | 619.0M | 834.2M | 883.0M | 1.4B | 1.5B | |
| Net Debt | 683.8M | 537.7M | 957.7M | 963.0M | 1.5B | 1.5B | |
| Retained Earnings | 34.1M | 71.0M | 56.7M | 88.2M | 218.1M | 229.0M | |
| Accounts Payable | 206.5M | 209.8M | 258.4M | 307.7M | 448.1M | 470.5M | |
| Cash | 27.2M | 60.9M | 27.7M | 15.1M | 29.7M | 21.6M | |
| Non Current Assets Total | 1.3B | 1.4B | 1.8B | 1.8B | 2.8B | 2.9B | |
| Non Currrent Assets Other | 2.6M | 4.4M | 5.8M | 6.1M | 318.7M | 334.6M | |
| Other Assets | 3.3M | 6.5M | 7.5M | 9.9M | 11.4M | 11.9M | |
| Cash And Short Term Investments | 27.2M | 60.9M | 27.7M | 15.1M | 29.7M | 20.0M | |
| Net Receivables | 87.3M | 92.9M | 110.6M | 144.9M | 202.4M | 212.5M | |
| Common Stock Total Equity | 443.5M | 475.4M | 511.2M | 771.9M | 887.7M | 932.1M | |
| Common Stock Shares Outstanding | 18.7M | 19.9M | 19.9M | 21.5M | 21.5M | 13.6M | |
| Liabilities And Stockholders Equity | 1.5B | 1.6B | 2.0B | 2.1B | 3.1B | 3.3B | |
| Non Current Liabilities Total | 679.0M | 552.9M | 933.0M | 931.9M | 1.4B | 1.5B | |
| Inventory | 36.7M | 32.0M | 66.8M | 78.8M | 103.6M | 108.7M | |
| Other Current Assets | 25.6M | 20.2M | 29.6M | 36.5M | 55.0M | 57.8M | |
| Other Stockholder Equity | 3.1M | 3.1M | 3.7M | 4.0M | 6.0M | 5.7M | |
| Total Liab | 987.0M | 858.5M | 1.3B | 1.4B | 2.0B | 2.2B | |
| Property Plant And Equipment Gross | 768.4M | 789.3M | 1.1B | 1.1B | 1.4B | 1.5B | |
| Total Current Assets | 176.7M | 206.1M | 234.7M | 275.3M | 390.7M | 410.2M | |
| Short Term Debt | 100.8M | 93.4M | 106.8M | 114.2M | 171.1M | 179.7M | |
| Common Stock | 349.1M | 391.4M | 605.4M | 600.0M | 791.2M | 830.8M | |
| Accumulated Other Comprehensive Income | 39.9M | 31.1M | 66.0M | 54.3M | 76.9M | 80.7M | |
| Intangible Assets | 265.9M | 276.0M | 348.7M | 332.9M | 342.8M | 359.9M | |
| Good Will | 424.6M | 463.0M | 602.0M | 601.7M | 836.0M | 877.8M | |
| Long Term Debt | 393.1M | 209.6M | 428.2M | 344.8M | 399.7M | 323.9M | |
| Long Term Debt Total | 797.0M | 506.0M | 878.6M | 863.9M | 993.4M | 542.6M | |
| Property Plant Equipment | 768.4M | 789.3M | 834.2M | 883.0M | 1.0B | 552.6M | |
| Other Liab | 90.0M | 60.8M | 54.4M | 68.1M | 61.3M | 68.0M | |
| Net Tangible Assets | (290.1M) | (36.2M) | (224.3M) | (188.0M) | (169.2M) | (177.7M) | |
| Capital Lease Obligations | 513.4M | 533.9M | 543.3M | 617.9M | 715.3M | 406.0M | |
| Short Long Term Debt | 22.1M | 19.9M | 13.9M | 15.4M | 22.0M | 18.9M |
Pair Trading with Boyd Group
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 Group 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 Group will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
The ability to find closely correlated positions to Boyd Group 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 Group 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 Group - 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 Group Services to buy it.
The correlation of Boyd Group 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 Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Group 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.Other Information on Investing in Boyd Stock
Balance Sheet is a snapshot of the financial position of Boyd Group Services at a specified time, usually calculated after every quarter, six months, or one year. Boyd Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Boyd Group 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 Boyd currently owns. An asset can also be divided into two categories, current and non-current.