Brown Total Current Liabilities vs Return On Assets Analysis
BF-B Stock | USD 47.22 1.25 2.58% |
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 Total Current Liabilities and its Return On Assets 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Total Current Liabilities vs Return On Assets
Total Current Liabilities vs Return On Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brown Forman Total Current Liabilities account and Return On Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Brown Forman's Total Current Liabilities and Return On Assets is -0.21. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Return On Assets 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 Total Current Liabilities and Return On Assets 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 Current Liabilities of Brown Forman are associated (or correlated) with its Return On Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Return On Assets has no effect on the direction of Total Current Liabilities i.e., Brown Forman's Total Current Liabilities and Return On Assets go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Brown Forman balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Brown Forman 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.Return On Assets
A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.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 tightly coupled 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 Over EBITDA is expected to grow to 29.11, whereas Selling General Administrative is forecasted to decline to about 494.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.4B | 2.5B | 2.9B | 1.5B | Total Revenue | 3.9B | 4.2B | 4.9B | 2.4B |
Brown Forman fundamental ratios Correlations
Click cells to compare fundamentals
Brown Forman Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brown Forman fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 6.5B | 6.4B | 7.8B | 8.9B | 9.4B | |
Short Long Term Debt Total | 2.6B | 2.6B | 2.3B | 2.9B | 3.3B | 3.5B | |
Other Current Liab | 30M | 34M | 81M | 22M | 25.3M | 24.0M | |
Total Current Liabilities | 881M | 918M | 1.0B | 1.1B | 1.2B | 1.3B | |
Total Stockholder Equity | 2.0B | 2.7B | 2.7B | 3.3B | 3.8B | 3.9B | |
Property Plant And Equipment Net | 848M | 832M | 875M | 1.0B | 1.2B | 1.2B | |
Net Debt | 1.9B | 1.4B | 1.4B | 2.5B | 2.9B | 3.1B | |
Retained Earnings | 2.7B | 3.2B | 3.2B | 3.6B | 4.2B | 4.4B | |
Cash | 675M | 1.2B | 868M | 374M | 430.1M | 266.8M | |
Non Current Assets Total | 2.5B | 2.6B | 2.6B | 4.0B | 4.6B | 4.8B | |
Non Currrent Assets Other | 272M | 318M | 301M | 324M | 372.6M | 391.2M | |
Cash And Short Term Investments | 675M | 1.2B | 868M | 374M | 430.1M | 273.9M | |
Net Receivables | 570M | 753M | 813M | 855M | 983.3M | 1.0B | |
Common Stock Shares Outstanding | 482.1M | 480.4M | 480.7M | 480.6M | 432.5M | 501.7M | |
Liabilities And Stockholders Equity | 5.8B | 6.5B | 6.4B | 7.8B | 8.9B | 9.4B | |
Non Current Liabilities Total | 2.9B | 2.9B | 2.6B | 3.4B | 3.9B | 4.1B | |
Inventory | 1.7B | 1.8B | 1.8B | 2.3B | 2.6B | 2.8B | |
Other Current Assets | 283M | 335M | 263M | 277M | 332.4M | 349.0M | |
Other Stockholder Equity | (258M) | (237M) | (225M) | (212M) | (190.8M) | (200.3M) | |
Total Liab | 3.8B | 3.9B | 3.6B | 4.5B | 5.2B | 5.4B | |
Property Plant And Equipment Gross | 848M | 832M | 1.7B | 1.9B | 2.2B | 2.3B | |
Total Current Assets | 3.3B | 3.9B | 3.8B | 3.8B | 4.4B | 4.6B | |
Accumulated Other Comprehensive Income | (547M) | (422M) | (352M) | (235M) | (211.5M) | (222.1M) | |
Short Term Debt | 333M | 205M | 250M | 235M | 270.3M | 198.4M | |
Intangible Assets | 635M | 676M | 586M | 1.2B | 1.3B | 1.4B | |
Accounts Payable | 518M | 679M | 703M | 827M | 951.1M | 998.6M | |
Good Will | 756M | 779M | 761M | 1.5B | 1.7B | 1.8B | |
Other Liab | 499M | 605M | 545M | 583M | 670.5M | 613.7M | |
Net Tangible Assets | 584M | 1.2B | 1.4B | 647M | 744.1M | 630.2M | |
Other Assets | 206M | 211M | 251M | 375M | 431.3M | 218.4M | |
Long Term Debt | 2.3B | 2.4B | 2.0B | 2.7B | 3.1B | 2.0B | |
Short Long Term Debt | 150M | 333M | 205M | 235M | 211.5M | 269.9M | |
Non Current Liabilities Other | 168M | 206M | 181M | 253M | 291.0M | 187.1M | |
Net Invested Capital | 4.6B | 2.6B | 2.3B | 2.9B | 2.6B | 2.7B |
Also Currently Popular
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.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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Brown Stock analysis
When running Brown Forman's price analysis, check to measure Brown Forman's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Brown Forman is operating at the current time. Most of Brown Forman's value examination focuses on studying past and present price action to predict the probability of Brown Forman's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brown Forman's price. Additionally, you may evaluate how the addition of Brown Forman to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
CEOs Directory Screen CEOs from public companies around the world | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |