Brown Retained Earnings vs Non Currrent Assets Other Analysis

BF-A Stock  USD 40.89  0.72  1.73%   
Brown Forman financial indicator trend analysis is way more than just evaluating Brown Forman prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brown Forman is a good investment. Please check the relationship between Brown Forman Retained Earnings and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brown Forman. 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.

Retained Earnings vs Non Currrent Assets Other

Retained Earnings vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brown Forman Retained Earnings account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak relationship.
The correlation between Brown Forman's Retained Earnings and Non Currrent Assets Other is 0.33. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Brown Forman, assuming nothing else is changed. The correlation between historical values of Brown Forman's Retained Earnings 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 Retained Earnings of Brown Forman 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 Retained Earnings i.e., Brown Forman's Retained Earnings and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

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.

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 Brown Forman's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brown Forman 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 Brown Forman. 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 present, Brown Forman's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 32 B, whereas Selling General Administrative is forecasted to decline to about 678.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.4B2.5B2.5B1.6B
Total Revenue3.9B4.2B4.2B2.5B

Brown Forman fundamental ratios Correlations

0.910.650.910.910.970.830.660.440.970.760.450.69-0.690.910.980.220.150.960.980.720.61-0.050.90.540.72
0.910.630.850.670.970.960.490.360.880.820.370.62-0.650.980.940.270.130.990.90.70.50.160.960.310.86
0.650.630.650.570.620.570.450.310.620.570.310.45-0.210.580.67-0.080.030.640.640.540.33-0.360.520.180.46
0.910.850.650.810.910.810.740.250.910.590.260.5-0.570.770.920.21-0.080.880.870.930.430.030.810.330.59
0.910.670.570.810.80.560.670.450.90.560.450.59-0.550.680.870.060.20.750.880.620.6-0.310.670.720.45
0.970.970.620.910.80.910.620.390.950.80.390.68-0.720.960.980.310.10.990.960.740.570.110.950.40.8
0.830.960.570.810.560.910.450.080.860.680.080.49-0.570.920.880.230.050.930.770.720.50.280.890.140.78
0.660.490.450.740.670.620.450.20.670.330.20.46-0.660.480.60.46-0.590.580.620.690.440.040.550.150.33
0.440.360.310.250.450.390.080.20.250.681.00.61-0.440.430.370.280.290.40.610.070.16-0.290.440.580.5
0.970.880.620.910.90.950.860.670.250.650.250.6-0.640.870.970.160.110.920.90.740.66-0.020.850.470.64
0.760.820.570.590.560.80.680.330.680.650.680.84-0.60.860.740.430.240.820.830.390.590.020.80.410.91
0.450.370.310.260.450.390.080.21.00.250.680.61-0.440.430.370.270.290.40.620.070.16-0.290.440.580.5
0.690.620.450.50.590.680.490.460.610.60.840.61-0.770.710.610.620.080.680.730.230.760.070.690.320.78
-0.69-0.65-0.21-0.57-0.55-0.72-0.57-0.66-0.44-0.64-0.6-0.44-0.77-0.73-0.6-0.760.22-0.72-0.71-0.38-0.55-0.39-0.8-0.15-0.69
0.910.980.580.770.680.960.920.480.430.870.860.430.71-0.730.910.340.160.980.910.580.570.180.960.340.88
0.980.940.670.920.870.980.880.60.370.970.740.370.61-0.60.910.130.180.960.950.760.56-0.060.890.520.72
0.220.27-0.080.210.060.310.230.460.280.160.430.270.62-0.760.340.13-0.490.320.270.130.40.640.39-0.260.48
0.150.130.03-0.080.20.10.05-0.590.290.110.240.290.080.220.160.18-0.490.10.18-0.230.06-0.360.060.590.12
0.960.990.640.880.750.990.930.580.40.920.820.40.68-0.720.980.960.320.10.940.720.560.140.960.350.84
0.980.90.640.870.880.960.770.620.610.90.830.620.73-0.710.910.950.270.180.940.660.53-0.070.90.570.76
0.720.70.540.930.620.740.720.690.070.740.390.070.23-0.380.580.760.13-0.230.720.660.230.070.640.170.43
0.610.50.330.430.60.570.50.440.160.660.590.160.76-0.550.570.560.40.060.560.530.230.010.490.320.56
-0.050.16-0.360.03-0.310.110.280.04-0.29-0.020.02-0.290.07-0.390.18-0.060.64-0.360.14-0.070.070.010.21-0.590.2
0.90.960.520.810.670.950.890.550.440.850.80.440.69-0.80.960.890.390.060.960.90.640.490.210.310.89
0.540.310.180.330.720.40.140.150.580.470.410.580.32-0.150.340.52-0.260.590.350.570.170.32-0.590.310.22
0.720.860.460.590.450.80.780.330.50.640.910.50.78-0.690.880.720.480.120.840.760.430.560.20.890.22
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Brown Forman Account Relationship Matchups

Brown Forman fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B6.5B6.4B7.8B8.2B8.6B
Short Long Term Debt Total2.6B2.6B2.3B2.9B3.1B3.3B
Other Current Liab30M487M464M497M459M482.0M
Total Current Liabilities881M918M1.0B1.1B1.6B1.6B
Total Stockholder Equity2.0B2.7B2.7B3.3B3.5B3.7B
Property Plant And Equipment Net848M832M875M1.0B1.1B1.1B
Net Debt1.9B1.4B1.4B2.5B2.7B2.8B
Retained Earnings2.7B3.2B3.2B3.6B4.3B4.5B
Cash675M1.2B868M374M446M272.5M
Non Current Assets Total2.5B2.6B2.6B4.0B4.1B4.3B
Non Currrent Assets Other206M272M318M282M324M142.6M
Cash And Short Term Investments675M1.2B868M374M446M279.4M
Net Receivables570M753M813M855M769M441.5M
Common Stock Shares Outstanding482.1M480.4M480.7M480.6M477.2M498.6M
Liabilities And Stockholders Equity5.8B6.5B6.4B7.8B8.2B8.6B
Non Current Liabilities Total2.9B2.9B2.6B3.4B3.1B3.2B
Inventory1.7B1.8B1.8B2.3B2.6B2.7B
Other Current Assets283M335M263M277M265M148.0M
Other Stockholder Equity(258M)(237M)(225M)(212M)(595M)(565.3M)
Total Liab3.8B3.9B3.6B4.5B4.6B4.9B
Total Current Assets3.3B3.9B3.8B3.8B4.0B4.2B
Accumulated Other Comprehensive Income(547M)(422M)(352M)(235M)(221M)(232.1M)
Short Term Debt150M333M225M257M728M764.4M
Intangible Assets635M676M586M1.2B990M542.5M
Accounts Payable518M172M218M308M267M323.6M
Property Plant And Equipment Gross848M832K1.7B1.9B1.9B2.0B
Good Will756M779M761M1.5B1.5B813.2M
Other Liab499M605M545M583M670.5M613.7M
Net Tangible Assets584M1.2B1.4B647M744.1M630.2M
Other Assets206M211M251M375M431.3M218.4M
Long Term Debt2.3B2.4B2.0B2.7B2.4B2.1B
Short Long Term Debt150M333M205M235M728M764.4M
Non Current Liabilities Other168M206M181M253M243M196.0M
Net Invested Capital4.6B2.6B2.3B2.9B6.6B4.2B

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Other Information on Investing in Brown Stock

Balance Sheet is a snapshot of the financial position of Brown Forman at a specified time, usually calculated after every quarter, six months, or one year. Brown Forman Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Brown Forman 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 Brown currently owns. An asset can also be divided into two categories, current and non-current.