Bristol Ebit vs Minority Interest Analysis

BMY Stock  USD 59.27  0.53  0.90%   
Bristol Myers financial indicator trend analysis is way more than just evaluating Bristol Myers Squibb prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bristol Myers Squibb is a good investment. Please check the relationship between Bristol Myers Ebit and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bristol Myers Squibb. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Ebit vs Minority Interest

Ebit vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bristol Myers Squibb Ebit account and Minority Interest. At this time, the significance of the direction appears to have no relationship.
The correlation between Bristol Myers' Ebit and Minority Interest is 0.03. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Bristol Myers Squibb, assuming nothing else is changed. The correlation between historical values of Bristol Myers' Ebit and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Bristol Myers Squibb are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebit i.e., Bristol Myers' Ebit and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.03
Relationship DirectionPositive 
Relationship StrengthInsignificant

Ebit

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Bristol Myers Squibb whose combined shares represent less than 50% of the total outstanding shares issued by Bristol Myers have a minority interest in Bristol Myers.
Most indicators from Bristol Myers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bristol Myers Squibb 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 Bristol Myers Squibb. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Bristol Myers' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 12.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 3.6 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit36.4B36.0B34.3B36.0B
Total Revenue46.4B46.2B45.0B47.3B

Bristol Myers fundamental ratios Correlations

0.980.840.930.890.780.98-0.070.90.990.520.830.760.970.450.990.820.020.880.990.70.940.850.960.60.88
0.980.830.920.840.791.0-0.160.940.970.380.880.820.980.520.990.76-0.040.890.990.760.950.890.940.570.91
0.840.830.970.560.710.85-0.170.720.80.570.650.830.850.450.810.490.160.650.870.820.910.720.680.610.78
0.930.920.970.70.80.93-0.070.810.890.520.750.880.950.410.90.660.070.730.940.870.970.840.790.660.85
0.890.840.560.70.750.840.130.790.910.410.730.50.820.440.880.90.020.820.850.430.760.730.930.620.81
0.780.790.710.80.750.790.280.730.760.190.70.770.840.410.780.64-0.010.530.80.750.790.780.70.850.85
0.981.00.850.930.840.79-0.170.90.980.420.830.820.980.520.990.77-0.020.890.990.760.930.890.940.560.91
-0.07-0.16-0.17-0.070.130.28-0.17-0.12-0.07-0.11-0.07-0.11-0.03-0.62-0.120.170.23-0.45-0.11-0.06-0.05-0.16-0.130.44-0.14
0.90.940.720.810.790.730.9-0.120.870.210.980.780.90.480.920.66-0.110.830.910.690.910.850.870.570.84
0.990.970.80.890.910.760.98-0.070.870.530.80.710.950.460.990.840.00.890.980.650.910.830.980.570.86
0.520.380.570.520.410.190.42-0.110.210.530.120.160.380.180.450.480.150.440.480.180.450.180.440.210.35
0.830.880.650.750.730.70.83-0.070.980.80.120.760.840.410.850.6-0.170.740.840.670.870.80.80.580.78
0.760.820.830.880.50.770.82-0.110.780.710.160.760.880.350.760.48-0.240.580.80.970.860.870.620.530.8
0.970.980.850.950.820.840.98-0.030.90.950.380.840.880.40.970.78-0.040.810.980.830.950.90.90.630.89
0.450.520.450.410.440.410.52-0.620.480.460.180.410.350.40.50.2-0.120.690.480.290.40.520.50.270.64
0.990.990.810.90.880.780.99-0.120.920.990.450.850.760.970.50.8-0.010.90.990.690.930.860.970.580.88
0.820.760.490.660.90.640.770.170.660.840.480.60.480.780.20.8-0.020.720.780.450.690.650.850.520.75
0.02-0.040.160.070.02-0.01-0.020.23-0.110.00.15-0.17-0.24-0.04-0.12-0.01-0.02-0.120.01-0.190.07-0.25-0.030.23-0.12
0.880.890.650.730.820.530.89-0.450.830.890.440.740.580.810.690.90.72-0.120.870.490.770.780.940.30.81
0.990.990.870.940.850.80.99-0.110.910.980.480.840.80.980.480.990.780.010.870.750.960.870.940.610.89
0.70.760.820.870.430.750.76-0.060.690.650.180.670.970.830.290.690.45-0.190.490.750.820.830.540.560.75
0.940.950.910.970.760.790.93-0.050.910.910.450.870.860.950.40.930.690.070.770.960.820.850.840.680.86
0.850.890.720.840.730.780.89-0.160.850.830.180.80.870.90.520.860.65-0.250.780.870.830.850.820.530.84
0.960.940.680.790.930.70.94-0.130.870.980.440.80.620.90.50.970.85-0.030.940.940.540.840.820.50.83
0.60.570.610.660.620.850.560.440.570.570.210.580.530.630.270.580.520.230.30.610.560.680.530.50.64
0.880.910.780.850.810.850.91-0.140.840.860.350.780.80.890.640.880.75-0.120.810.890.750.860.840.830.64
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Bristol Myers Account Relationship Matchups

Bristol Myers fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets129.9B118.5B109.3B96.8B95.2B99.9B
Short Long Term Debt Total47.5B51.7B45.6B40.7B41.5B43.5B
Other Current Liab7.9B13.2B13.0B13.5B14.4B15.1B
Total Current Liabilities18.3B19.1B21.9B21.9B22.3B23.4B
Total Stockholder Equity51.6B37.8B35.9B31.1B29.4B15.0B
Property Plant And Equipment Net6.3B6.7B7.0B7.5B8.0B5.2B
Net Debt35.2B37.1B31.6B31.6B30B31.5B
Retained Earnings34.5B21.3B23.8B25.5B28.8B22.0B
Cash12.3B14.5B14.0B9.1B11.5B12.0B
Non Current Assets Total100.6B88.3B76.1B69.5B63.4B66.6B
Non Currrent Assets Other6.6B2.1B1.7B1.0B1.8B1.9B
Cash And Short Term Investments12.3B14.5B14.0B9.1B12.3B12.9B
Net Receivables7.7B8.5B12.5B13.9B15.3B16.0B
Good Will22.5B20.5B20.5B21.1B21.2B22.2B
Common Stock Shares Outstanding1.7B2.3B2.2B2.1B2.1B1.6B
Liabilities And Stockholders Equity129.9B118.5B109.3B96.8B95.2B99.9B
Non Current Liabilities Total59.9B61.5B51.4B43.8B43.4B45.6B
Inventory4.3B2.1B2.1B2.3B2.7B1.9B
Other Current Assets2.0B5.6B1.3B1.7B1.6B2.0B
Other Stockholder Equity18.4B18.1B13.1B6.5B1.9B2.0B
Total Liab78.2B80.6B73.3B65.7B65.7B69.0B
Property Plant And Equipment Gross6.3B5.9B11.0B11.6B12.8B13.5B
Total Current Assets29.4B30.2B33.3B27.3B31.8B33.4B
Accumulated Other Comprehensive Income(1.5B)(1.8B)(1.3B)(1.3B)(1.5B)(1.6B)
Short Term Debt3.5B2.5B5.1B4.4B3.3B3.4B
Intangible Assets64.0B53.2B42.8B36.4B27.1B28.4B
Accounts Payable2.4B2.7B2.9B3.0B3.3B1.9B
Short Term Investments3.0B1.3B3.2B130M816M775.2M
Other Liab15.9B12.3B11.0B7.4B8.5B4.9B
Other Assets4.8B7.3B3.3B2.9B3.3B3.3B
Long Term Debt43.4B48.3B39.6B35.1B36.7B38.5B
Treasury Stock(25.4B)(26.2B)(31.3B)(38.6B)(43.8B)(41.6B)
Property Plant Equipment6.3B5.9B6.0B6.3B7.2B5.8B
Current Deferred Revenue4.5B3.6B3.7B1.3B8.4B8.8B
Net Tangible Assets(34.9B)(36.0B)(28.2B)(25.9B)(23.4B)(22.2B)
Noncontrolling Interest In Consolidated Entity96M100M60M57M55M74.7M

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