BRP Other Current Liab vs Short Term Debt Analysis

DOOO Stock  USD 52.59  0.82  1.58%   
BRP financial indicator trend analysis is way more than just evaluating BRP Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BRP Inc is a good investment. Please check the relationship between BRP Other Current Liab and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BRP Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Other Current Liab vs Short Term Debt

Other Current Liab vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BRP Inc Other Current Liab account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between BRP's Other Current Liab and Short Term Debt is 0.79. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of BRP Inc, assuming nothing else is changed. The correlation between historical values of BRP's Other Current Liab and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of BRP Inc are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Other Current Liab i.e., BRP's Other Current Liab and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

Short Term Debt

Most indicators from BRP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BRP Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BRP Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
At this time, BRP's Issuance Of Capital Stock is very stable compared to the past year. As of the 23rd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Selling General Administrative is likely to drop about 259.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.1B2.5B2.6B1.5B
Total Revenue7.6B10.0B10.4B5.9B

BRP fundamental ratios Correlations

0.890.950.380.64-0.320.290.880.40.950.980.680.760.180.890.970.840.080.980.930.840.970.890.790.220.89
0.890.920.150.74-0.460.140.780.370.930.890.410.64-0.090.780.850.77-0.10.920.820.760.80.790.89-0.030.81
0.950.920.180.74-0.540.080.940.370.940.920.660.650.180.820.930.79-0.030.980.920.870.930.890.770.230.9
0.380.150.18-0.090.610.940.08-0.060.260.310.30.430.10.60.430.620.740.230.360.330.330.490.240.150.45
0.640.740.74-0.09-0.73-0.050.750.30.720.630.380.58-0.160.490.580.46-0.230.710.580.470.580.520.65-0.180.65
-0.32-0.46-0.540.61-0.730.64-0.65-0.26-0.4-0.34-0.33-0.2-0.12-0.1-0.26-0.060.53-0.48-0.31-0.22-0.34-0.2-0.28-0.07-0.36
0.290.140.080.94-0.050.64-0.05-0.010.240.250.030.36-0.250.520.320.560.620.140.240.230.20.390.29-0.20.36
0.880.780.940.080.75-0.65-0.050.270.840.850.780.710.310.70.860.65-0.010.920.820.740.870.790.670.310.86
0.40.370.37-0.060.3-0.26-0.010.270.330.50.09-0.060.070.390.180.36-0.590.440.240.120.510.230.080.010.31
0.950.930.940.260.72-0.40.240.840.330.930.510.72-0.050.80.930.80.00.950.880.830.870.850.850.00.85
0.980.890.920.310.63-0.340.250.850.50.930.610.720.120.890.930.81-0.040.980.880.770.950.850.790.150.86
0.680.410.660.30.38-0.330.030.780.090.510.610.650.680.530.710.430.360.650.660.530.760.580.260.650.64
0.760.640.650.430.58-0.20.360.71-0.060.720.720.650.050.620.80.530.40.710.630.480.640.590.730.060.67
0.18-0.090.180.1-0.16-0.12-0.250.310.07-0.050.120.680.050.160.190.080.140.170.220.130.340.16-0.260.980.18
0.890.780.820.60.49-0.10.520.70.390.80.890.530.620.160.870.960.180.860.840.760.860.930.740.220.91
0.970.850.930.430.58-0.260.320.860.180.930.930.710.80.190.870.810.240.940.950.890.920.910.810.250.87
0.840.770.790.620.46-0.060.560.650.360.80.810.430.530.080.960.810.210.810.790.780.790.930.70.150.92
0.08-0.1-0.030.74-0.230.530.62-0.01-0.590.0-0.040.360.40.140.180.240.21-0.060.140.180.030.220.050.170.17
0.980.920.980.230.71-0.480.140.920.440.950.980.650.710.170.860.940.81-0.060.910.810.950.880.80.20.9
0.930.820.920.360.58-0.310.240.820.240.880.880.660.630.220.840.950.790.140.910.940.90.90.740.290.83
0.840.760.870.330.47-0.220.230.740.120.830.770.530.480.130.760.890.780.180.810.940.80.910.70.230.77
0.970.80.930.330.58-0.340.20.870.510.870.950.760.640.340.860.920.790.030.950.90.80.850.620.360.85
0.890.790.890.490.52-0.20.390.790.230.850.850.580.590.160.930.910.930.220.880.90.910.850.760.240.93
0.790.890.770.240.65-0.280.290.670.080.850.790.260.73-0.260.740.810.70.050.80.740.70.620.76-0.180.73
0.22-0.030.230.15-0.18-0.07-0.20.310.010.00.150.650.060.980.220.250.150.170.20.290.230.360.24-0.180.22
0.890.810.90.450.65-0.360.360.860.310.850.860.640.670.180.910.870.920.170.90.830.770.850.930.730.22
Click cells to compare fundamentals

BRP Account Relationship Matchups

BRP fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B4.9B5.0B6.5B6.8B3.9B
Other Current Liab677M1.2B1.1B1.2B1.2B618.9M
Total Current Liabilities1.9B2.2B2.6B2.5B2.5B1.7B
Total Stockholder Equity(589.7M)(478.7M)(135.6M)534.9M808.9M849.3M
Other Liab524.5M635.9M577.6M489.4M562.8M446.5M
Net Tangible Assets(1.2B)(943.8M)(630.5M)(206.4M)(185.8M)(195.0M)
Retained Earnings(757M)(575.9M)(404.3M)175.5M443.1M465.3M
Accounts Payable1.1B814.7M965.3M943.7M1.0B714.4M
Cash42.5M1.3B265.8M202.3M491.8M343.9M
Other Assets187.6M222.5M248.4M293.3M337.3M188.0M
Long Term Debt1.6B2.4B1.9B2.7B2.7B1.6B
Net Receivables417.5M249.3M336.1M490.1M533M368.4M
Common Stock Total Equity234.8M217.8M190.6M210.4M242.0M248.9M
Short Term Investments19.1M76.5M73.6M122.6M106.6M111.9M
Inventory1.2B1.1B1.7B2.3B2.2B1.1B
Other Current Assets26.8M200M301.3M275.5M348.4M365.8M
Other Stockholder Equity(28.5M)(154M)(3.2M)58.8M71.8M75.4M
Total Liab4.4B5.4B5.2B5.9B6.0B3.9B
Long Term Investments20.2M31.6M53.2M69.3M49.6M26.0M
Short Long Term Debt17.9M25.3M103.1M88.4M58.1M31.0M
Total Current Assets1.7B2.9B2.7B3.4B3.5B1.9B
Accumulated Other Comprehensive Income5.2M40.8M11.3M44.8M45.5M47.8M
Short Term Debt49.5M58.8M132.5M133.1M104.4M109.6M
Intangible Assets379.9M349.1M379M489M412.8M329.8M
Common Stock190.6M210.4M260.6M255.8M248.5M260.6M
Property Plant Equipment905.1M1.2B1.3B1.6B1.8B1.9B
Short Long Term Debt Total1.9B2.6B2.2B3.0B3.0B1.8B
Property Plant And Equipment Net1.2B1.3B1.6B2.0B2.2B1.2B
Current Deferred Revenue71.8M72.4M247.9M85.3M89.9M85.4M
Net Debt1.8B1.3B1.9B2.8B2.5B1.5B
Non Current Assets Total2.1B2.0B2.4B3.1B3.2B1.9B
Non Currrent Assets Other15.9M21.3M27.3M24.8M358M375.9M
Cash And Short Term Investments61.6M1.4B339.4M324.9M491.8M403.6M
Common Stock Shares Outstanding93.8M88.6M85.3M80.9M78.5M81.1M
Liabilities And Stockholders Equity3.8B4.9B5.0B6.5B6.8B4.0B
Non Current Liabilities Total2.5B3.2B2.5B3.4B3.5B2.3B
Property Plant And Equipment Gross1.2B1.3B2.9B3.5B3.9B4.1B

Pair Trading with BRP

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

Moving against BRP Stock

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The ability to find closely correlated positions to BRP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRP 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 BRP - 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 BRP Inc to buy it.
The correlation of BRP 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 BRP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRP Inc 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 BRP 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 BRP Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of BRP'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 Brp Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Brp Inc Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BRP Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Leisure Products 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 BRP. If investors know BRP 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 BRP 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
(0.98)
Earnings Share
2.08
Revenue Per Share
120.205
Quarterly Revenue Growth
(0.34)
Return On Assets
0.0804
The market value of BRP Inc is measured differently than its book value, which is the value of BRP that is recorded on the company's balance sheet. Investors also form their own opinion of BRP's value that differs from its market value or its book value, called intrinsic value, which is BRP'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 BRP's market value can be influenced by many factors that don't directly affect BRP'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 BRP's value and its price as these two are different measures arrived at by different means. Investors typically determine if BRP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRP'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.