Ballard Net Debt vs Short Long Term Debt Total Analysis

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Ballard Power financial indicator trend analysis is way more than just evaluating Ballard Power Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballard Power Systems is a good investment. Please check the relationship between Ballard Power Net Debt and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. 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 Short Long Term Debt Total

Net Debt vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Net Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ballard Power's Net Debt and Short Long Term Debt Total is -0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Ballard Power Systems, assuming nothing else is changed. The correlation between historical values of Ballard Power's Net Debt and Short Long Term Debt Total 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 Ballard Power Systems are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Debt i.e., Ballard Power's Net Debt and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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.

Short Long Term Debt Total

Most indicators from Ballard Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballard Power Systems 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 Ballard Power Systems. 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, Ballard Power's Discontinued Operations is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 165.9 K, while Selling General Administrative is likely to drop about 17.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.3M	1.3M	1.2M	1.3M
Depreciation And Amortization	9.8M	13.8M	13.5M	9.9M

Interest Expense Depreciation And Amortization

Ballard Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Short Term Investments
Total Assets		0.28	0.78	0.8	1.0	0.82	0.11	-0.99	-0.68	0.66	1.0	0.9	0.78	1.0	0.81	0.9	0.01	0.93	0.75	0.4	0.69	0.86	1.0	0.09	0.39	-0.3
Short Long Term Debt Total	0.28		0.33	0.51	0.26	0.32	-0.04	-0.24	-0.4	0.33	0.25	0.43	0.22	0.26	0.35	0.2	0.73	0.23	0.17	0.38	0.67	0.24	0.26	0.78	0.71	-0.39
Other Current Liab	0.78	0.33		0.96	0.77	0.55	0.59	-0.78	-0.69	0.7	0.77	0.87	0.67	0.76	0.72	0.84	0.24	0.83	0.47	0.45	0.89	0.57	0.77	-0.05	0.52	-0.51
Total Current Liabilities	0.8	0.51	0.96		0.79	0.64	0.46	-0.78	-0.75	0.81	0.78	0.92	0.72	0.78	0.76	0.84	0.33	0.86	0.53	0.52	0.95	0.65	0.79	0.17	0.63	-0.54
Total Stockholder Equity	1.0	0.26	0.77	0.79		0.82	0.09	-0.99	-0.67	0.65	1.0	0.89	0.77	1.0	0.8	0.89	-0.01	0.93	0.75	0.38	0.67	0.86	1.0	0.08	0.37	-0.28
Property Plant And Equipment Net	0.82	0.32	0.55	0.64	0.82		-0.05	-0.76	-0.75	0.59	0.78	0.76	0.88	0.78	0.82	0.82	-0.06	0.83	0.75	0.51	0.52	0.98	0.8	0.24	0.43	-0.31
Current Deferred Revenue	0.11	-0.04	0.59	0.46	0.09	-0.05		-0.1	-0.27	0.24	0.09	0.17	0.17	0.09	0.28	0.37	0.16	0.26	0.0	0.3	0.44	-0.08	0.1	-0.3	0.12	-0.41
Net Debt	-0.99	-0.24	-0.78	-0.78	-0.99	-0.76	-0.1		0.62	-0.63	-1.0	-0.88	-0.72	-1.0	-0.77	-0.86	0.01	-0.9	-0.73	-0.32	-0.66	-0.81	-1.0	-0.04	-0.35	0.25
Retained Earnings	-0.68	-0.4	-0.69	-0.75	-0.67	-0.75	-0.27	0.62		-0.64	-0.63	-0.79	-0.79	-0.63	-0.74	-0.84	-0.35	-0.79	-0.45	-0.9	-0.75	-0.72	-0.65	-0.18	-0.65	0.85
Accounts Payable	0.66	0.33	0.7	0.81	0.65	0.59	0.24	-0.63	-0.64		0.62	0.81	0.66	0.62	0.66	0.75	0.12	0.78	0.39	0.41	0.73	0.6	0.64	0.03	0.46	-0.41
Cash	1.0	0.25	0.77	0.78	1.0	0.78	0.09	-1.0	-0.63	0.62		0.87	0.74	1.0	0.78	0.87	-0.01	0.9	0.74	0.34	0.66	0.83	1.0	0.06	0.36	-0.26
Non Current Assets Total	0.9	0.43	0.87	0.92	0.89	0.76	0.17	-0.88	-0.79	0.81	0.87		0.74	0.87	0.73	0.87	0.19	0.92	0.61	0.49	0.84	0.8	0.88	0.13	0.55	-0.48
Non Currrent Assets Other	0.78	0.22	0.67	0.72	0.77	0.88	0.17	-0.72	-0.79	0.66	0.74	0.74		0.74	0.89	0.89	-0.04	0.82	0.66	0.56	0.6	0.84	0.76	0.07	0.56	-0.44
Cash And Short Term Investments	1.0	0.26	0.76	0.78	1.0	0.78	0.09	-1.0	-0.63	0.62	1.0	0.87	0.74		0.78	0.87	0.0	0.9	0.73	0.34	0.66	0.83	1.0	0.07	0.36	-0.26
Net Receivables	0.81	0.35	0.72	0.76	0.8	0.82	0.28	-0.77	-0.74	0.66	0.78	0.73	0.89	0.78		0.9	0.08	0.83	0.59	0.54	0.67	0.75	0.8	0.07	0.48	-0.45
Common Stock Shares Outstanding	0.9	0.2	0.84	0.84	0.89	0.82	0.37	-0.86	-0.84	0.75	0.87	0.87	0.89	0.87	0.9		0.03	0.95	0.65	0.61	0.73	0.82	0.88	-0.05	0.43	-0.54
Non Current Liabilities Total	0.01	0.73	0.24	0.33	-0.01	-0.06	0.16	0.01	-0.35	0.12	-0.01	0.19	-0.04	0.0	0.08	0.03		0.01	-0.33	0.56	0.6	-0.12	0.0	0.46	0.58	-0.62
Inventory	0.93	0.23	0.83	0.86	0.93	0.83	0.26	-0.9	-0.79	0.78	0.9	0.92	0.82	0.9	0.83	0.95	0.01		0.72	0.53	0.74	0.87	0.92	0.03	0.44	-0.45
Other Current Assets	0.75	0.17	0.47	0.53	0.75	0.75	0.0	-0.73	-0.45	0.39	0.74	0.61	0.66	0.73	0.59	0.65	-0.33	0.72		0.16	0.35	0.79	0.74	0.35	0.21	-0.02
Other Stockholder Equity	0.4	0.38	0.45	0.52	0.38	0.51	0.3	-0.32	-0.9	0.41	0.34	0.49	0.56	0.34	0.54	0.61	0.56	0.53	0.16		0.62	0.45	0.36	0.21	0.6	-0.94
Total Liab	0.69	0.67	0.89	0.95	0.67	0.52	0.44	-0.66	-0.75	0.73	0.66	0.84	0.6	0.66	0.67	0.73	0.6	0.74	0.35	0.62		0.52	0.67	0.29	0.72	-0.66
Property Plant And Equipment Gross	0.86	0.24	0.57	0.65	0.86	0.98	-0.08	-0.81	-0.72	0.6	0.83	0.8	0.84	0.83	0.75	0.82	-0.12	0.87	0.79	0.45	0.52		0.84	0.2	0.37	-0.26
Total Current Assets	1.0	0.26	0.77	0.79	1.0	0.8	0.1	-1.0	-0.65	0.64	1.0	0.88	0.76	1.0	0.8	0.88	0.0	0.92	0.74	0.36	0.67	0.84		0.07	0.37	-0.27
Short Term Debt	0.09	0.78	-0.05	0.17	0.08	0.24	-0.3	-0.04	-0.18	0.03	0.06	0.13	0.07	0.07	0.07	-0.05	0.46	0.03	0.35	0.21	0.29	0.2	0.07		0.46	-0.13
Other Assets	0.39	0.71	0.52	0.63	0.37	0.43	0.12	-0.35	-0.65	0.46	0.36	0.55	0.56	0.36	0.48	0.43	0.58	0.44	0.21	0.6	0.72	0.37	0.37	0.46		-0.62
Short Term Investments	-0.3	-0.39	-0.51	-0.54	-0.28	-0.31	-0.41	0.25	0.85	-0.41	-0.26	-0.48	-0.44	-0.26	-0.45	-0.54	-0.62	-0.45	-0.02	-0.94	-0.66	-0.26	-0.27	-0.13	-0.62

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Ballard Power Account Relationship Matchups

Ballard Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Short Long Term Debt Total	19.8M	17.9M	17.1M	15.7M	17.9M	10.1M
Other Current Liab	46.8M	39.2M	65.3M	48.2M	51.2M	28.9M
Total Current Liabilities	64.5M	52.1M	83.2M	73.2M	70.6M	45.9M
Total Stockholder Equity	250.3M	900.9M	1.3B	1.2B	991.2M	1.0B
Property Plant And Equipment Net	42.8M	49.3M	56.1M	82.4M	116.3M	122.1M
Current Deferred Revenue	20.2M	9.9M	12.1M	8.0M	4.6M	6.0M
Net Debt	(128.0M)	(745.6M)	(1.1B)	(898.0M)	(733.2M)	(696.6M)
Retained Earnings	(1.2B)	(1.3B)	(1.4B)	(1.6B)	(1.7B)	(1.7B)
Accounts Payable	14.9M	9.1M	13.7M	20.4M	13.7M	10.2M
Cash	147.8M	763.4M	1.1B	913.7M	751.1M	788.7M
Non Current Assets Total	110.8M	121.3M	211.8M	218.6M	212.8M	120.3M
Non Currrent Assets Other	321K	336K	343K	370K	547K	519.7K
Cash And Short Term Investments	147.8M	765.4M	1.1B	915.7M	753.2M	790.9M
Net Receivables	46.0M	51.5M	39.8M	38.6M	50.8M	53.3M
Common Stock Shares Outstanding	232.8M	248.5M	295.3M	298.1M	298.7M	313.6M
Liabilities And Stockholders Equity	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Non Current Liabilities Total	25.5M	22.6M	29.6M	15.0M	15.7M	15.5M
Inventory	30.1M	28.5M	51.5M	58.1M	45.9M	48.2M
Other Current Assets	5.7M	8.8M	11.0M	16.1M	14.9M	15.6M
Other Stockholder Equity	290.6M	290.8M	297.8M	300.8M	306.0M	391.8M
Total Liab	90.1M	74.7M	112.7M	88.2M	86.3M	61.4M
Property Plant And Equipment Gross	42.8M	49.3M	122.8M	157.7M	203.2M	213.4M
Total Current Assets	229.5M	854.3M	1.2B	1.0B	864.7M	908.0M
Accumulated Other Comprehensive Income	813K	907K	1.7M	(1.5M)	(3.0M)	(3.1M)
Short Term Debt	2.4M	2.7M	3.2M	3.9M	4.5M	4.3M
Other Assets	321K	336K	343K	370K	425.5K	267.5K
Intangible Assets	5.7M	3.8M	20.8M	5.2M	1.4M	1.3M
Common Stock Total Equity	986.5M	1.2B	1.2B	1.9B	2.2B	1.1B
Common Stock	1.2B	1.9B	2.4B	2.4B	2.4B	1.4B
Other Liab	8.2M	7.4M	15.7M	3.2M	2.8M	2.7M
Net Tangible Assets	204.3M	856.8M	1.2B	1.1B	1.3B	1.3B
Long Term Investments	21.6M	27.6M	70.3M	66.4M	54.2M	57.0M
Property Plant Equipment	42.8M	49.3M	56.1M	82.4M	94.7M	99.5M
Long Term Debt Total	17.3M	15.2M	13.9M	11.8M	13.6M	11.4M

Pair Trading with Ballard Power

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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ballard Stock

0.71

HPQ

HPQ Silicon Resources

Pair Corr

Moving against Ballard Stock

0.42

DFR

Diamond Fields Resources

Pair Corr

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

The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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 Ballard Power Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ballard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ballard Power Systems Stock. Highlighted below are key reports to facilitate an investment decision about Ballard Power Systems Stock:

How To Invest In Ballard

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Is Ballard Stock a good investment?

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What is Ballard Power's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. 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.

You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Please note, there is a significant difference between Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power'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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Ballard Net Debt vs Short Long Term Debt Total Analysis

Net Debt vs Short Long Term Debt Total

Net Debt vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Net Debt

Short Long Term Debt Total

Ballard Power fundamental ratios Correlations

Ballard Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ballard Power fundamental ratios Accounts

Pair Trading with Ballard Power

Moving together with Ballard Stock

Moving against Ballard Stock

COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.99	Total Assets
Short Term Investments	- 0.94	Other Stockholder Equity