Milkyway Deferred Long Term Liab vs Other Liab Analysis

603713 Stock   53.77  1.41  2.56%   
Milkyway Chemical financial indicator trend analysis is infinitely more than just investigating Milkyway Chemical Supply recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Milkyway Chemical Supply is a good investment. Please check the relationship between Milkyway Chemical Deferred Long Term Liab and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Milkyway Chemical 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 board of governors.

Deferred Long Term Liab vs Other Liab

Deferred Long Term Liab vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Milkyway Chemical Supply Deferred Long Term Liab account and Other Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Milkyway Chemical's Deferred Long Term Liab and Other Liab is 0.97. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Other Liab in the same time period over historical financial statements of Milkyway Chemical Supply, assuming nothing else is changed. The correlation between historical values of Milkyway Chemical's Deferred Long Term Liab and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Milkyway Chemical Supply are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Deferred Long Term Liab i.e., Milkyway Chemical's Deferred Long Term Liab and Other Liab go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Other Liab

Most indicators from Milkyway Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Milkyway Chemical 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 Milkyway Chemical 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 board of governors.
As of December 16, 2024, Selling General Administrative is expected to decline to about 130.3 M. In addition to that, Tax Provision is expected to decline to about 75.1 M
 2021 2022 2023 2024 (projected)
Operating Income569.8M810.4M669.7M380.6M
Total Revenue8.6B11.6B9.8B4.9B

Milkyway Chemical fundamental ratios Correlations

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0.90.90.890.90.950.860.880.990.830.910.660.830.890.910.910.910.920.910.870.90.860.870.850.850.99
1.00.780.990.90.840.960.990.890.980.790.890.71.00.990.841.00.990.981.00.810.970.980.980.960.9
0.850.930.860.950.840.750.80.980.780.860.560.930.840.860.880.850.890.850.810.850.740.760.740.810.93
0.970.740.960.860.960.750.960.830.940.840.880.630.970.940.710.960.930.960.960.750.990.990.950.90.89
0.990.740.980.880.990.80.960.860.980.760.890.640.990.990.840.990.980.960.990.810.980.990.990.970.88
0.890.930.890.990.890.980.830.860.820.910.620.880.880.90.90.90.920.890.860.90.830.840.820.850.98
0.980.660.980.830.980.780.940.980.820.690.950.60.980.970.80.980.970.950.990.710.950.960.970.960.83
0.820.930.810.910.790.860.840.760.910.690.520.870.810.790.70.810.810.840.750.850.790.790.710.710.93
0.880.420.890.660.890.560.880.890.620.950.520.350.90.850.610.870.840.850.920.470.890.90.910.850.68
0.720.950.730.830.70.930.630.640.880.60.870.350.70.720.720.720.770.750.660.830.590.610.560.660.82
1.00.781.00.891.00.840.970.990.880.980.810.90.70.980.81.00.990.980.990.780.970.980.970.960.9
0.990.810.980.910.990.860.940.990.90.970.790.850.720.980.860.990.990.960.990.840.960.970.970.970.9
0.830.760.810.910.840.880.710.840.90.80.70.610.720.80.860.850.870.830.820.860.750.770.820.790.84
1.00.80.990.911.00.850.960.990.90.980.810.870.721.00.990.850.990.980.990.820.970.980.970.960.91
0.990.830.990.920.990.890.930.980.920.970.810.840.770.990.990.870.990.970.980.840.940.950.950.970.91
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0.990.730.990.871.00.810.960.990.860.990.750.920.660.990.990.820.990.980.970.770.970.980.980.970.87
0.80.910.780.90.810.850.750.810.90.710.850.470.830.780.840.860.820.840.810.770.780.780.760.780.86
0.970.720.950.860.970.740.990.980.830.950.790.890.590.970.960.750.970.940.940.970.781.00.980.930.88
0.980.730.970.870.980.760.990.990.840.960.790.90.610.980.970.770.980.950.960.980.781.00.980.940.88
0.970.680.950.850.980.740.950.990.820.970.710.910.560.970.970.820.970.950.940.980.760.980.980.940.84
0.950.760.950.850.960.810.90.970.850.960.710.850.660.960.970.790.960.970.90.970.780.930.940.940.85
0.910.90.90.990.90.930.890.880.980.830.930.680.820.90.90.840.910.910.910.870.860.880.880.840.85
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Milkyway Chemical Account Relationship Matchups

Milkyway Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B3.7B7.3B9.5B11.1B11.7B
Other Current Liab217.0M520.1M1.1B1.1B561.4M447.6M
Total Current Liabilities726.3M1.6B3.3B3.7B4.8B5.1B
Total Stockholder Equity1.4B1.7B3.2B3.8B4.0B2.1B
Retained Earnings601.3M862.0M1.3B1.8B2.1B2.2B
Accounts Payable338.7M761.0M1.2B925.2M1.1B618.6M
Cash137.2M125.9M638.2M1.3B1.2B1.3B
Other Assets97.0M91.8M128.3M239.3M275.2M288.9M
Net Receivables739.5M1.2B1.9B2.0B2.1B1.2B
Good Will330.8M473.3M610.3M872.4M1.5B1.5B
Inventory10.3M18.8M77.7M266.0M791.1M830.6M
Other Current Assets114.5M228.9M569.6M352.9M233.4M206.0M
Total Liab1.1B1.9B4.1B5.6B6.8B7.1B
Intangible Assets337.9M480.1M558.9M839.2M886.4M930.7M
Property Plant Equipment674.1M835.0M1.5B2.0B2.3B2.5B
Other Liab75.9M125.0M183.2M217.8M250.5M263.0M
Net Tangible Assets766.0M758.0M2.0B2.1B2.4B2.5B
Non Current Assets Total1.4B1.9B2.8B4.0B5.4B5.6B
Non Currrent Assets Other63.4M38.1M75.3M103.4M55.2M51.0M
Long Term Debt291.1M184.1M525.0M1.5B1.5B1.6B
Non Current Liabilities Total367.0M309.1M774.2M1.9B1.9B2.0B
Other Stockholder Equity30.8M32.2M31.1M68.0M78.1M82.1M
Deferred Long Term Liab17.6M27.5M23.3M38.1M43.8M46.0M
Total Current Assets1.1B1.8B4.5B5.5B5.8B2.9B
Net Invested Capital1.8B2.1B4.5B6.7B7.9B4.0B
Short Long Term Debt120M254.0M804.5M1.4B2.4B2.5B
Non Current Liabilities Other121.8M290.5M791.7K3.8M3.1M3.0M
Net Working Capital403.1M208.4M1.2B1.8B946.5M872.1M
Net Debt273.3M312.2M691.3M1.7B2.6B2.8B

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Other Information on Investing in Milkyway Stock

Balance Sheet is a snapshot of the financial position of Milkyway Chemical Supply at a specified time, usually calculated after every quarter, six months, or one year. Milkyway Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Milkyway Chemical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Milkyway currently owns. An asset can also be divided into two categories, current and non-current.