Bird Non Current Assets Total vs Non Currrent Assets Other Analysis

BDT Stock  CAD 30.66  0.13  0.43%   
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 Non Current Assets Total and its Non Currrent Assets Other 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.

Non Current Assets Total vs Non Currrent Assets Other

Non Current Assets Total vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bird Construction Non Current Assets Total account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between Bird Construction's Non Current Assets Total and Non Currrent Assets Other is 0.27. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Non Currrent Assets Other 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 Non Current Assets Total and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Bird Construction are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Non Current Assets Total i.e., Bird Construction's Non Current Assets Total and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.27
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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 29th of November 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 Profit186.7M201.8M240.5M134.0M
Total Revenue2.2B2.4B2.8B1.5B

Bird Construction fundamental ratios Correlations

0.780.980.930.850.760.350.720.980.380.830.220.00.80.86-0.790.49-0.160.990.770.99-0.020.870.80.230.83
0.780.690.740.80.570.610.40.69-0.030.830.2-0.220.590.62-0.550.46-0.130.770.740.7-0.210.780.820.490.86
0.980.690.860.810.750.290.670.990.460.770.280.080.790.86-0.810.47-0.20.990.720.990.130.880.740.130.72
0.930.740.860.780.670.220.90.910.330.780.06-0.030.750.87-0.710.38-0.090.880.740.91-0.320.660.740.220.89
0.850.80.810.780.910.520.510.80.220.990.31-0.240.920.77-0.830.7-0.210.850.930.82-0.070.830.970.460.78
0.760.570.750.670.910.440.490.720.260.90.24-0.310.960.66-0.730.71-0.090.760.920.760.040.720.910.510.63
0.350.610.290.220.520.44-0.080.21-0.650.570.34-0.770.420.09-0.10.34-0.20.370.620.270.20.60.610.730.54
0.720.40.670.90.510.49-0.080.740.410.52-0.190.070.610.78-0.550.130.010.650.530.74-0.380.340.460.00.69
0.980.690.990.910.80.720.210.740.490.770.250.110.780.9-0.840.43-0.210.980.710.990.00.810.730.10.76
0.38-0.030.460.330.220.26-0.650.410.490.14-0.090.80.270.54-0.580.210.050.380.010.450.060.20.1-0.54-0.05
0.830.830.770.780.990.90.570.520.770.140.27-0.320.910.74-0.780.69-0.170.820.950.79-0.140.790.980.540.82
0.220.20.280.060.310.240.34-0.190.25-0.090.27-0.240.250.08-0.230.3-0.660.260.280.210.380.330.20.180.15
0.0-0.220.08-0.03-0.24-0.31-0.770.070.110.8-0.32-0.24-0.30.19-0.17-0.210.160.01-0.480.060.04-0.09-0.35-0.78-0.32
0.80.590.790.750.920.960.420.610.780.270.910.25-0.30.75-0.770.64-0.20.790.940.810.020.710.890.440.68
0.860.620.860.870.770.660.090.780.90.540.740.080.190.75-0.890.26-0.030.840.670.87-0.160.670.66-0.10.71
-0.79-0.55-0.81-0.71-0.83-0.73-0.1-0.55-0.84-0.58-0.78-0.23-0.17-0.77-0.89-0.50.14-0.79-0.67-0.80.08-0.68-0.710.01-0.56
0.490.460.470.380.70.710.340.130.430.210.690.3-0.210.640.26-0.5-0.170.510.580.460.040.560.730.560.34
-0.16-0.13-0.2-0.09-0.21-0.09-0.20.01-0.210.05-0.17-0.660.16-0.2-0.030.14-0.17-0.18-0.19-0.17-0.26-0.19-0.13-0.16-0.09
0.990.770.990.880.850.760.370.650.980.380.820.260.010.790.84-0.790.51-0.180.760.990.070.910.80.230.79
0.770.740.720.740.930.920.620.530.710.010.950.28-0.480.940.67-0.670.58-0.190.760.74-0.110.710.950.640.82
0.990.70.990.910.820.760.270.740.990.450.790.210.060.810.87-0.80.46-0.170.990.740.040.840.760.170.77
-0.02-0.210.13-0.32-0.070.040.2-0.380.00.06-0.140.380.040.02-0.160.080.04-0.260.07-0.110.040.32-0.12-0.16-0.35
0.870.780.880.660.830.720.60.340.810.20.790.33-0.090.710.67-0.680.56-0.190.910.710.840.320.80.30.67
0.80.820.740.740.970.910.610.460.730.10.980.2-0.350.890.66-0.710.73-0.130.80.950.76-0.120.80.630.8
0.230.490.130.220.460.510.730.00.1-0.540.540.18-0.780.44-0.10.010.56-0.160.230.640.17-0.160.30.630.49
0.830.860.720.890.780.630.540.690.76-0.050.820.15-0.320.680.71-0.560.34-0.090.790.820.77-0.350.670.80.49
Click cells to compare fundamentals

Bird Construction Account Relationship Matchups

Bird Construction fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets856.8M1.1B1.1B1.2B1.4B776.3M
Other Current Liab11.4M31.3M41.4M29.7M26.6M17.0M
Total Current Liabilities648.9M684.6M721.3M785.7M914.5M535.2M
Total Stockholder Equity127.7M212.6M243.5M273.0M322.5M176.1M
Property Plant And Equipment Net80.5M120.9M122.5M121.6M130.4M137.0M
Current Deferred Revenue112.1M120.1M130.3M147.0M206.3M216.7M
Net Debt(23.2M)(61.1M)32.4M36.7M(26.2M)(27.5M)
Retained Earnings83.2M102.5M126.9M156.5M205.3M117.0M
Accounts Payable419.9M490.5M514.3M570.7M640.0M391.2M
Cash180.3M212.1M125.7M111.6M177.5M167.9M
Non Current Assets Total127.4M241.7M264.1M259.0M275.9M289.7M
Non Currrent Assets Other6.6M13.2M9.1M5.5M3.6M3.8M
Cash And Short Term Investments180.3M212.1M125.7M111.6M79.9M75.9M
Net Receivables512.9M558.4M648.7M757.5M946.0M993.3M
Short Term Investments7.1M1.3M4.9M3.0M48K45.6K
Liabilities And Stockholders Equity856.8M1.1B1.1B1.2B1.4B776.3M
Other Current Assets35.6M157.4M19.9M22.3M110.5M116.0M
Total Liab729.1M849.2M893.7M956.3M1.1B600.2M
Property Plant And Equipment Gross80.5M120.9M230.9M249.9M271.1M284.7M
Total Current Assets729.4M820.1M873.1M970.3M1.1B660.1M
Accumulated Other Comprehensive Income40K70K13K(89K)(41K)(43.1K)
Short Term Debt99.3M26.8M27.3M24.9M29.1M35.1M
Short Long Term Debt Total157.1M151.0M158.0M148.4M151.4M87.2M
Non Current Liabilities Total80.2M164.6M172.4M170.6M187.4M196.8M
Inventory549K8.0M9.4M10.4M12.1M12.7M
Intangible Assets2.5M27.5M30.5M34.7M46.4M48.7M
Other Liab22.3M40.3M41.6M47.1M54.2M29.2M
Net Tangible Assets108.8M152.0M157.3M182.5M209.9M156.8M
Other Assets17.9M45.2M41.9M37.1M1.00.95
Long Term Debt34.7M64.9M71.2M68.0M64.6M37.8M
Short Long Term Debt91.3M8.0M7.5M7.1M8.3M7.9M
Property Plant Equipment80.5M120.9M122.5M121.6M139.8M84.6M
Long Term Debt Total57.8M124.2M130.8M123.5M142.0M149.1M
Capital Lease Obligations31.1M78.1M79.4M73.3M78.4M49.2M

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 together with Bird Stock

  0.79CTF-UN Citadel IncomePairCorr

Moving against Bird Stock

  0.55DELX DelphX Capital MarketsPairCorr
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 CorrelationCorrelation 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.