Boyd Capital Expenditures vs Other Non Cash Items Analysis

BYD Stock  USD 75.64  0.73  0.97%   
Boyd Gaming financial indicator trend analysis is way more than just evaluating Boyd Gaming prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boyd Gaming is a good investment. Please check the relationship between Boyd Gaming Capital Expenditures and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.

Capital Expenditures vs Other Non Cash Items

Capital Expenditures vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boyd Gaming Capital Expenditures account and Other Non Cash Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Boyd Gaming's Capital Expenditures and Other Non Cash Items is -0.2. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Boyd Gaming, assuming nothing else is changed. The correlation between historical values of Boyd Gaming's Capital Expenditures and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Boyd Gaming are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Capital Expenditures i.e., Boyd Gaming's Capital Expenditures and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Capital Expenditures

Capital Expenditures are funds used by Boyd Gaming to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Boyd Gaming operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Other Non Cash Items

Most indicators from Boyd Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boyd Gaming 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 Boyd Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.At present, Boyd Gaming's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 11.13, whereas Selling General Administrative is forecasted to decline to about 334.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense199.4M151.2M171.2M170.1M
Depreciation And Amortization313.4M323.4M256.8M189.4M

Boyd Gaming fundamental ratios Correlations

0.930.780.90.470.960.910.190.570.681.00.180.680.440.720.620.950.950.690.170.960.430.820.470.870.61
0.930.860.860.180.91.0-0.090.330.60.930.10.60.240.690.590.990.880.450.340.990.260.690.510.830.57
0.780.860.780.180.70.86-0.040.410.50.78-0.310.50.310.840.630.810.810.170.240.820.290.610.470.890.67
0.90.860.780.350.880.860.220.570.550.90.210.550.490.590.350.860.790.61-0.040.890.470.710.770.770.34
0.470.180.180.350.40.140.890.630.520.45-0.070.520.810.470.40.220.50.57-0.460.240.70.620.240.480.45
0.960.90.70.880.40.90.160.440.580.970.320.580.440.550.460.930.880.730.140.940.430.740.50.730.48
0.911.00.860.860.140.9-0.130.290.530.920.120.530.220.670.570.990.850.430.360.990.250.640.50.810.55
0.19-0.09-0.040.220.890.16-0.130.540.310.17-0.070.310.880.16-0.01-0.060.190.45-0.81-0.030.790.410.340.210.11
0.570.330.410.570.630.440.290.540.520.55-0.040.520.50.580.370.340.620.57-0.260.380.490.660.250.610.35
0.680.60.50.550.520.580.530.310.520.64-0.131.00.330.650.520.580.740.450.070.580.290.960.340.720.51
1.00.930.780.90.450.970.920.170.550.640.190.640.420.70.610.960.940.690.190.970.420.780.470.860.6
0.180.1-0.310.21-0.070.320.12-0.07-0.04-0.130.19-0.13-0.07-0.47-0.340.18-0.040.60.030.19-0.07-0.050.11-0.28-0.4
0.680.60.50.550.520.580.530.310.521.00.64-0.130.330.650.520.580.740.450.070.580.290.960.340.720.51
0.440.240.310.490.810.440.220.880.50.330.42-0.070.330.30.10.260.380.48-0.720.290.920.50.550.420.27
0.720.690.840.590.470.550.670.160.580.650.7-0.470.650.30.860.650.850.160.260.650.260.70.230.930.84
0.620.590.630.350.40.460.57-0.010.370.520.61-0.340.520.10.860.590.730.180.50.570.110.53-0.070.740.93
0.950.990.810.860.220.930.99-0.060.340.580.960.180.580.260.650.590.880.540.331.00.290.690.460.810.57
0.950.880.810.790.50.880.850.190.620.740.94-0.040.740.380.850.730.880.590.240.880.380.850.320.910.72
0.690.450.170.610.570.730.430.450.570.450.690.60.450.480.160.180.540.59-0.180.560.510.610.290.370.17
0.170.340.24-0.04-0.460.140.36-0.81-0.260.070.190.030.07-0.720.260.50.330.24-0.180.3-0.71-0.03-0.410.160.32
0.960.990.820.890.240.940.99-0.030.380.580.970.190.580.290.650.571.00.880.560.30.320.70.50.820.55
0.430.260.290.470.70.430.250.790.490.290.42-0.070.290.920.260.110.290.380.51-0.710.320.450.510.370.26
0.820.690.610.710.620.740.640.410.660.960.78-0.050.960.50.70.530.690.850.61-0.030.70.450.440.810.56
0.470.510.470.770.240.50.50.340.250.340.470.110.340.550.23-0.070.460.320.29-0.410.50.510.440.39-0.06
0.870.830.890.770.480.730.810.210.610.720.86-0.280.720.420.930.740.810.910.370.160.820.370.810.390.74
0.610.570.670.340.450.480.550.110.350.510.6-0.40.510.270.840.930.570.720.170.320.550.260.56-0.060.74
Click cells to compare fundamentals

Boyd Gaming Account Relationship Matchups

Boyd Gaming fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.7B6.6B6.2B6.3B6.3B4.2B
Short Long Term Debt Total4.7B4.8B3.9B3.9B3.7B2.8B
Other Current Liab328.4M289.9M312.7M323.1M328.5M179.9M
Total Current Liabilities556.9M524.0M557.0M586.1M596.3M378.5M
Total Stockholder Equity1.3B1.1B1.5B1.6B1.7B1.8B
Property Plant And Equipment Net3.6B3.5B3.3B3.2B3.3B2.4B
Net Debt4.4B4.3B3.6B3.6B3.4B2.6B
Retained Earnings380.9M246.2M710.1M1.3B1.7B1.8B
Accounts Payable91.0M96.9M102.0M129.9M124.7M78.1M
Cash250.0M519.2M344.6M283.5M304.3M181.9M
Non Current Assets Total6.3B5.9B5.7B5.8B5.7B3.9B
Non Currrent Assets Other91.8M100.5M98.2M(184.2M)55.2M52.4M
Cash And Short Term Investments250.0M519.2M344.6M283.5M304.3M181.9M
Net Receivables60.5M53.5M89.5M111.6M141.4M148.5M
Good Will1.1B1.1B971.3M1.0B947.3M554.6M
Common Stock Shares Outstanding113.9M113.5M114.1M109.0M101.4M94.5M
Liabilities And Stockholders Equity6.7B6.6B6.2B6.3B6.3B4.2B
Non Current Liabilities Total4.8B4.9B4.1B4.1B3.9B3.0B
Inventory22.1M22.6M20.1M22.2M20.7M14.5M
Other Current Assets46.5M55.0M53.7M61.0M63.0M43.4M
Other Stockholder Equity883.7M876.4M827.7M305.2M(1.0)(0.95)
Total Liab5.4B5.4B4.7B4.7B4.5B3.4B
Property Plant And Equipment Gross2.7B3.5B2.4B6.4B6.5B6.9B
Total Current Assets399.5M650.3M507.8M478.2M529.3M302.9M
Accumulated Other Comprehensive Income(530K)150K(180K)(1.4M)(1.1M)(1.2M)
Short Term Debt114.7M121.2M126.6M133.1M143.1M150.3M
Intangible Assets1.5B1.4B1.4B1.4B1.4B759.6M
Other Liab248.8M195.4M322.5M370.8M426.4M447.7M
Other Assets76.2M1.0B98.2M147.4M3.4B3.6B
Long Term Debt3.7B3.9B3.0B3.0B2.9B3.1B
Property Plant Equipment2.7B2.5B3.3B2.4B2.8B2.9B
Current Deferred Revenue22.9M16.0M15.3M318.6M15.5M14.7M
Net Tangible Assets(444.7M)2.0B(837.3M)921.9M1.1B1.1B
Retained Earnings Total Equity380.9M246.2M710.1M1.3B1.5B1.6B
Long Term Debt Total3.7B3.9B3.0B3.0B2.7B2.9B

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boyd Gaming. If investors know Boyd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boyd Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.065
Dividend Share
0.67
Earnings Share
5.17
Revenue Per Share
40.123
Quarterly Revenue Growth
0.064
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming'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.