Beacon Long Term Debt vs Cash And Short Term Investments Analysis

BECN Stock

USD 103.25 1.04 1.02%

Beacon Roofing financial indicator trend analysis is way more than just evaluating Beacon Roofing Supply prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Beacon Roofing Supply is a good investment. Please check the relationship between Beacon Roofing Long Term Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Beacon Roofing Supply Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Beacon Roofing's Long Term Debt and Cash And Short Term Investments is -0.11. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Beacon Roofing Supply, assuming nothing else is changed. The correlation between historical values of Beacon Roofing's Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Beacon Roofing Supply are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Beacon Roofing's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Beacon Roofing Supply has held for over one year. Long-term debt appears on Beacon Roofing Supply balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Beacon Roofing Supply balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Beacon Roofing Supply balance sheet. This account contains Beacon Roofing investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Beacon Roofing Supply fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Beacon Roofing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Beacon Roofing Supply 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 Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Beacon Roofing's Selling General Administrative is very stable compared to the past year. As of the 10th of November 2024, Enterprise Value is likely to grow to about 4.5 B, while Tax Provision is likely to drop about 99.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.2B	2.3B	2.5B
Total Revenue	6.8B	8.4B	9.1B	9.6B

Gross Profit Total Revenue

Beacon Roofing fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.87	0.98	0.48	0.41	0.48	0.79	0.96	0.99	0.98	0.98	0.98	0.99	0.81	-0.58	0.73	0.99	0.99	-0.34	0.93	0.98	0.95	0.76	0.46	0.77	0.79
Total Stockholder Equity	0.87		0.77	0.45	0.51	0.45	0.91	0.87	0.81	0.84	0.77	0.86	0.83	0.56	-0.48	0.92	0.83	0.88	-0.33	0.69	0.79	0.81	0.88	0.18	0.79	0.9
Net Debt	0.98	0.77		0.38	0.37	0.38	0.68	0.91	0.99	0.96	0.99	0.95	0.98	0.86	-0.57	0.6	0.98	0.97	-0.32	0.96	0.99	0.95	0.64	0.54	0.71	0.68
Cash	0.48	0.45	0.38		0.16	1.0	0.43	0.39	0.48	0.47	0.48	0.46	0.47	0.36	-0.21	0.32	0.47	0.47	-0.11	0.28	0.49	0.31	0.55	0.31	0.36	0.46
Other Assets	0.41	0.51	0.37	0.16		0.16	0.75	0.47	0.37	0.46	0.34	0.34	0.38	0.34	-0.12	0.64	0.41	0.37	0.1	0.46	0.36	0.42	0.2	0.02	0.2	0.76
Cash And Short Term Investments	0.48	0.45	0.38	1.0	0.16		0.43	0.39	0.48	0.47	0.48	0.46	0.47	0.36	-0.21	0.32	0.47	0.47	-0.11	0.28	0.49	0.31	0.55	0.31	0.36	0.46
Common Stock Shares Outstanding	0.79	0.91	0.68	0.43	0.75	0.43		0.81	0.72	0.79	0.68	0.75	0.73	0.51	-0.37	0.94	0.75	0.78	-0.18	0.66	0.7	0.74	0.76	0.1	0.65	0.97
Other Stockholder Equity	0.96	0.87	0.91	0.39	0.47	0.39	0.81		0.93	0.97	0.91	0.92	0.95	0.82	-0.6	0.76	0.96	0.93	-0.32	0.93	0.91	0.95	0.74	0.44	0.66	0.83
Total Liab	0.99	0.81	0.99	0.48	0.37	0.48	0.72	0.93		0.98	1.0	0.98	0.99	0.84	-0.58	0.65	0.99	0.98	-0.33	0.94	1.0	0.94	0.69	0.51	0.75	0.73
Total Current Assets	0.98	0.84	0.96	0.47	0.46	0.47	0.79	0.97	0.98		0.97	0.95	0.99	0.88	-0.59	0.7	0.99	0.96	-0.3	0.94	0.96	0.98	0.74	0.55	0.65	0.79
Short Long Term Debt Total	0.98	0.77	0.99	0.48	0.34	0.48	0.68	0.91	1.0	0.97		0.96	0.98	0.85	-0.57	0.6	0.98	0.97	-0.32	0.94	1.0	0.93	0.67	0.56	0.72	0.69
Other Current Liab	0.98	0.86	0.95	0.46	0.34	0.46	0.75	0.92	0.98	0.95	0.96		0.98	0.75	-0.63	0.72	0.98	0.99	-0.39	0.9	0.97	0.92	0.74	0.39	0.82	0.76
Total Current Liabilities	0.99	0.83	0.98	0.47	0.38	0.47	0.73	0.95	0.99	0.99	0.98	0.98		0.85	-0.58	0.66	1.0	0.98	-0.33	0.94	0.98	0.96	0.71	0.54	0.72	0.74
Property Plant And Equipment Net	0.81	0.56	0.86	0.36	0.34	0.36	0.51	0.82	0.84	0.88	0.85	0.75	0.85		-0.52	0.35	0.86	0.75	-0.21	0.87	0.82	0.91	0.5	0.84	0.28	0.51
Current Deferred Revenue	-0.58	-0.48	-0.57	-0.21	-0.12	-0.21	-0.37	-0.6	-0.58	-0.59	-0.57	-0.63	-0.58	-0.52		-0.42	-0.6	-0.56	0.61	-0.6	-0.57	-0.58	-0.4	-0.16	-0.4	-0.4
Retained Earnings	0.73	0.92	0.6	0.32	0.64	0.32	0.94	0.76	0.65	0.7	0.6	0.72	0.66	0.35	-0.42		0.68	0.74	-0.28	0.59	0.63	0.64	0.74	-0.08	0.73	0.93
Accounts Payable	0.99	0.83	0.98	0.47	0.41	0.47	0.75	0.96	0.99	0.99	0.98	0.98	1.0	0.86	-0.6	0.68		0.97	-0.33	0.95	0.98	0.96	0.71	0.52	0.71	0.77
Non Current Assets Total	0.99	0.88	0.97	0.47	0.37	0.47	0.78	0.93	0.98	0.96	0.97	0.99	0.98	0.75	-0.56	0.74	0.97		-0.35	0.9	0.98	0.91	0.75	0.39	0.84	0.78
Non Currrent Assets Other	-0.34	-0.33	-0.32	-0.11	0.1	-0.11	-0.18	-0.32	-0.33	-0.3	-0.32	-0.39	-0.33	-0.21	0.61	-0.28	-0.33	-0.35		-0.28	-0.33	-0.3	-0.32	-0.03	-0.35	-0.2
Net Receivables	0.93	0.69	0.96	0.28	0.46	0.28	0.66	0.93	0.94	0.94	0.94	0.9	0.94	0.87	-0.6	0.59	0.95	0.9	-0.28		0.94	0.93	0.5	0.52	0.6	0.7
Non Current Liabilities Total	0.98	0.79	0.99	0.49	0.36	0.49	0.7	0.91	1.0	0.96	1.0	0.97	0.98	0.82	-0.57	0.63	0.98	0.98	-0.33	0.94		0.92	0.68	0.5	0.76	0.71
Inventory	0.95	0.81	0.95	0.31	0.42	0.31	0.74	0.95	0.94	0.98	0.93	0.92	0.96	0.91	-0.58	0.64	0.96	0.91	-0.3	0.93	0.92		0.71	0.6	0.58	0.71
Other Current Assets	0.76	0.88	0.64	0.55	0.2	0.55	0.76	0.74	0.69	0.74	0.67	0.74	0.71	0.5	-0.4	0.74	0.71	0.75	-0.32	0.5	0.68	0.71		0.26	0.65	0.69
Short Term Debt	0.46	0.18	0.54	0.31	0.02	0.31	0.1	0.44	0.51	0.55	0.56	0.39	0.54	0.84	-0.16	-0.08	0.52	0.39	-0.03	0.52	0.5	0.6	0.26		-0.09	0.08
Intangible Assets	0.77	0.79	0.71	0.36	0.2	0.36	0.65	0.66	0.75	0.65	0.72	0.82	0.72	0.28	-0.4	0.73	0.71	0.84	-0.35	0.6	0.76	0.58	0.65	-0.09		0.66
Common Stock	0.79	0.9	0.68	0.46	0.76	0.46	0.97	0.83	0.73	0.79	0.69	0.76	0.74	0.51	-0.4	0.93	0.77	0.78	-0.2	0.7	0.71	0.71	0.69	0.08	0.66

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Beacon Roofing Account Relationship Matchups

Beacon Roofing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4B	7.0B	5.5B	6.0B	6.2B	6.5B
Total Stockholder Equity	2.3B	2.2B	2.2B	2.3B	1.8B	1.0B
Net Debt	2.5B	2.6B	1.8B	2.4B	2.8B	3.0B
Cash	72.3M	624.6M	225.8M	67.7M	84M	92.7M
Cash And Short Term Investments	72.3M	624.6M	225.8M	67.7M	84M	92.7M
Common Stock Shares Outstanding	69.2M	68.4M	68.8M	71.2M	63.7M	53.2M
Liabilities And Stockholders Equity	6.4B	7.0B	5.5B	6.0B	6.2B	6.5B
Other Stockholder Equity	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B
Total Liab	4.1B	4.8B	3.3B	3.7B	4.4B	4.6B
Total Current Assets	2.5B	3.0B	2.6B	2.8B	2.9B	3.0B
Short Long Term Debt Total	2.6B	3.2B	2.1B	2.4B	2.9B	3.1B
Other Current Liab	599.2M	563.8M	472.1M	438.1M	498.6M	523.5M
Total Current Liabilities	1.4B	1.6B	1.4B	1.4B	1.6B	1.6B
Property Plant And Equipment Net	260.4M	687M	670.2M	804.6M	940M	987M
Retained Earnings	799.2M	694.3M	682.5M	728.8M	618.8M	436.5M
Accounts Payable	822.9M	954.6M	794.2M	821M	942.8M	989.9M
Non Current Assets Total	3.9B	4.0B	2.9B	3.2B	3.3B	3.5B
Non Currrent Assets Other	2.1M	2.1M	8.9M	7.5M	12.8M	11.7M
Net Receivables	1.1B	1.0B	855.2M	1.0B	1.5B	1.6B
Non Current Liabilities Total	2.7B	3.2B	2.0B	2.3B	2.8B	3.0B
Inventory	1.0B	944.6M	1.2B	1.3B	1.2B	1.3B
Other Current Assets	315.6M	378.3M	367.2M	417.8M	72.8M	138.3M
Accumulated Other Comprehensive Income	(20.6M)	(34.7M)	(19.4M)	(12.5M)	(14.3M)	(15.0M)
Short Term Debt	18.7M	112.8M	105.4M	120.6M	125.9M	132.2M
Intangible Assets	1.1B	801.2M	421M	447.7M	403.5M	369.7M
Common Stock	681K	685K	700K	600K	690K	539.6K
Good Will	2.5B	2.5B	1.8B	1.9B	2.0B	1.1B

Pair Trading with Beacon Roofing

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 Beacon Roofing 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 Beacon Roofing will appreciate offsetting losses from the drop in the long position's value.

Moving together with Beacon Stock

0.71	DSGR	Distribution Solutions	Pair Corr
0.8	FAST	Fastenal Fiscal Year End 16th of January 2025	Pair Corr

Moving against Beacon Stock

0.39

Boeing Fiscal Year End 29th of January 2025

Pair Corr

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

The correlation of Beacon Roofing 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 Beacon Roofing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beacon Roofing Supply 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 Beacon Roofing 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 Beacon Roofing Supply offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Beacon Roofing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Beacon Roofing Supply Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Beacon Roofing Supply Stock:

How To Invest In Beacon

Details

Is Beacon Stock a good investment?

Details

What is Beacon Roofing's Net Worth?

Details

Largest Trading Companies & Distributors Companies

View

Largest Industrial Distribution Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beacon Roofing Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Trading Companies & Distributors 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 Beacon Roofing. If investors know Beacon 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 Beacon Roofing 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

0.01

Earnings Share

5.85

Revenue Per Share

153.258

Quarterly Revenue Growth

0.073

Return On Assets

0.0622

The market value of Beacon Roofing Supply is measured differently than its book value, which is the value of Beacon that is recorded on the company's balance sheet. Investors also form their own opinion of Beacon Roofing's value that differs from its market value or its book value, called intrinsic value, which is Beacon Roofing'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 Beacon Roofing's market value can be influenced by many factors that don't directly affect Beacon Roofing'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 Beacon Roofing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beacon Roofing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beacon Roofing'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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Beacon Long Term Debt vs Cash And Short Term Investments Analysis

Long Term Debt vs Cash And Short Term Investments

Long Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Cash And Short Term Investments

Beacon Roofing fundamental ratios Correlations

Beacon Roofing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Beacon Roofing fundamental ratios Accounts

Pair Trading with Beacon Roofing

Moving together with Beacon Stock

Moving against Beacon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 1.0	Total Liab
Non Current Liabilities Total	+ 1.0	Total Liab
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 0.99	Total Assets

Current Deferred Revenue	- 0.63	Other Current Liab
Net Receivables	- 0.6	Current Deferred Revenue
Accounts Payable	- 0.6	Current Deferred Revenue
Current Deferred Revenue	- 0.6	Other Stockholder Equity
Current Deferred Revenue	- 0.59	Total Current Assets
Inventory	- 0.58	Current Deferred Revenue