Ballard Total Stockholder Equity vs Total Current Liabilities Analysis

BLDP Stock  CAD 2.42  0.01  0.41%   
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 Total Stockholder Equity and its Total Current Liabilities 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.

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ballard Power's Total Stockholder Equity and Total Current Liabilities is 0.79. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities 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 Total Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Ballard Power Systems are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Ballard Power's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Current Liabilities

Total Current Liabilities is an item on Ballard Power balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ballard Power Systems 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.
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 Expense1.3M1.3M1.2M1.3M
Depreciation And Amortization9.8M13.8M13.5M9.9M

Ballard Power fundamental ratios Correlations

0.280.780.81.00.820.11-0.99-0.680.661.00.90.781.00.810.90.010.930.750.40.690.861.00.090.39-0.3
0.280.330.510.260.32-0.04-0.24-0.40.330.250.430.220.260.350.20.730.230.170.380.670.240.260.780.71-0.39
0.780.330.960.770.550.59-0.78-0.690.70.770.870.670.760.720.840.240.830.470.450.890.570.77-0.050.52-0.51
0.80.510.960.790.640.46-0.78-0.750.810.780.920.720.780.760.840.330.860.530.520.950.650.790.170.63-0.54
1.00.260.770.790.820.09-0.99-0.670.651.00.890.771.00.80.89-0.010.930.750.380.670.861.00.080.37-0.28
0.820.320.550.640.82-0.05-0.76-0.750.590.780.760.880.780.820.82-0.060.830.750.510.520.980.80.240.43-0.31
0.11-0.040.590.460.09-0.05-0.1-0.270.240.090.170.170.090.280.370.160.260.00.30.44-0.080.1-0.30.12-0.41
-0.99-0.24-0.78-0.78-0.99-0.76-0.10.62-0.63-1.0-0.88-0.72-1.0-0.77-0.860.01-0.9-0.73-0.32-0.66-0.81-1.0-0.04-0.350.25
-0.68-0.4-0.69-0.75-0.67-0.75-0.270.62-0.64-0.63-0.79-0.79-0.63-0.74-0.84-0.35-0.79-0.45-0.9-0.75-0.72-0.65-0.18-0.650.85
0.660.330.70.810.650.590.24-0.63-0.640.620.810.660.620.660.750.120.780.390.410.730.60.640.030.46-0.41
1.00.250.770.781.00.780.09-1.0-0.630.620.870.741.00.780.87-0.010.90.740.340.660.831.00.060.36-0.26
0.90.430.870.920.890.760.17-0.88-0.790.810.870.740.870.730.870.190.920.610.490.840.80.880.130.55-0.48
0.780.220.670.720.770.880.17-0.72-0.790.660.740.740.740.890.89-0.040.820.660.560.60.840.760.070.56-0.44
1.00.260.760.781.00.780.09-1.0-0.630.621.00.870.740.780.870.00.90.730.340.660.831.00.070.36-0.26
0.810.350.720.760.80.820.28-0.77-0.740.660.780.730.890.780.90.080.830.590.540.670.750.80.070.48-0.45
0.90.20.840.840.890.820.37-0.86-0.840.750.870.870.890.870.90.030.950.650.610.730.820.88-0.050.43-0.54
0.010.730.240.33-0.01-0.060.160.01-0.350.12-0.010.19-0.040.00.080.030.01-0.330.560.6-0.120.00.460.58-0.62
0.930.230.830.860.930.830.26-0.9-0.790.780.90.920.820.90.830.950.010.720.530.740.870.920.030.44-0.45
0.750.170.470.530.750.750.0-0.73-0.450.390.740.610.660.730.590.65-0.330.720.160.350.790.740.350.21-0.02
0.40.380.450.520.380.510.3-0.32-0.90.410.340.490.560.340.540.610.560.530.160.620.450.360.210.6-0.94
0.690.670.890.950.670.520.44-0.66-0.750.730.660.840.60.660.670.730.60.740.350.620.520.670.290.72-0.66
0.860.240.570.650.860.98-0.08-0.81-0.720.60.830.80.840.830.750.82-0.120.870.790.450.520.840.20.37-0.26
1.00.260.770.791.00.80.1-1.0-0.650.641.00.880.761.00.80.880.00.920.740.360.670.840.070.37-0.27
0.090.78-0.050.170.080.24-0.3-0.04-0.180.030.060.130.070.070.07-0.050.460.030.350.210.290.20.070.46-0.13
0.390.710.520.630.370.430.12-0.35-0.650.460.360.550.560.360.480.430.580.440.210.60.720.370.370.46-0.62
-0.3-0.39-0.51-0.54-0.28-0.31-0.410.250.85-0.41-0.26-0.48-0.44-0.26-0.45-0.54-0.62-0.45-0.02-0.94-0.66-0.26-0.27-0.13-0.62
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Ballard Power Account Relationship Matchups

Ballard Power fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets340.3M975.6M1.4B1.2B1.1B1.1B
Short Long Term Debt Total19.8M17.9M17.1M15.7M17.9M10.1M
Other Current Liab46.8M39.2M65.3M48.2M51.2M28.9M
Total Current Liabilities64.5M52.1M83.2M73.2M70.6M45.9M
Total Stockholder Equity250.3M900.9M1.3B1.2B991.2M1.0B
Property Plant And Equipment Net42.8M49.3M56.1M82.4M116.3M122.1M
Current Deferred Revenue20.2M9.9M12.1M8.0M4.6M6.0M
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 Payable14.9M9.1M13.7M20.4M13.7M10.2M
Cash147.8M763.4M1.1B913.7M751.1M788.7M
Non Current Assets Total110.8M121.3M211.8M218.6M212.8M120.3M
Non Currrent Assets Other321K336K343K370K547K519.7K
Cash And Short Term Investments147.8M765.4M1.1B915.7M753.2M790.9M
Net Receivables46.0M51.5M39.8M38.6M50.8M53.3M
Common Stock Shares Outstanding232.8M248.5M295.3M298.1M298.7M313.6M
Liabilities And Stockholders Equity340.3M975.6M1.4B1.2B1.1B1.1B
Non Current Liabilities Total25.5M22.6M29.6M15.0M15.7M15.5M
Inventory30.1M28.5M51.5M58.1M45.9M48.2M
Other Current Assets5.7M8.8M11.0M16.1M14.9M15.6M
Other Stockholder Equity290.6M290.8M297.8M300.8M306.0M391.8M
Total Liab90.1M74.7M112.7M88.2M86.3M61.4M
Property Plant And Equipment Gross42.8M49.3M122.8M157.7M203.2M213.4M
Total Current Assets229.5M854.3M1.2B1.0B864.7M908.0M
Accumulated Other Comprehensive Income813K907K1.7M(1.5M)(3.0M)(3.1M)
Short Term Debt2.4M2.7M3.2M3.9M4.5M4.3M
Other Assets321K336K343K370K425.5K267.5K
Intangible Assets5.7M3.8M20.8M5.2M1.4M1.3M
Common Stock Total Equity986.5M1.2B1.2B1.9B2.2B1.1B
Common Stock1.2B1.9B2.4B2.4B2.4B1.4B
Other Liab8.2M7.4M15.7M3.2M2.8M2.7M
Net Tangible Assets204.3M856.8M1.2B1.1B1.3B1.3B
Long Term Investments21.6M27.6M70.3M66.4M54.2M57.0M
Property Plant Equipment42.8M49.3M56.1M82.4M94.7M99.5M
Long Term Debt Total17.3M15.2M13.9M11.8M13.6M11.4M

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

  0.71HPQ HPQ Silicon ResourcesPairCorr

Moving against Ballard Stock

  0.42DFR Diamond Fields ResourcesPairCorr
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 CorrelationCorrelation 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:
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.