Milkyway Long Term Debt vs Cash 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 Long Term Debt and its Cash 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.
Long Term Debt vs Cash
Long Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Milkyway Chemical Supply Long Term Debt account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between Milkyway Chemical's Long Term Debt and Cash is 0.99. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash 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 Long Term Debt and Cash 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 Milkyway Chemical Supply are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., Milkyway Chemical's Long Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Milkyway Chemical Supply has held for over one year. Long-term debt appears on Milkyway Chemical 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 Milkyway Chemical 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
Cash refers to the most liquid asset of Milkyway Chemical Supply, which is listed under current asset account on Milkyway Chemical Supply balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Milkyway Chemical customers. The amounts must be unrestricted with restricted cash listed in a different Milkyway Chemical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 15, 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 Income | 569.8M | 810.4M | 669.7M | 380.6M | Total Revenue | 8.6B | 11.6B | 9.8B | 4.9B |
Milkyway Chemical fundamental ratios Correlations
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Milkyway Chemical Account Relationship Matchups
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Milkyway Chemical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 3.7B | 7.3B | 9.5B | 11.1B | 11.7B | |
Other Current Liab | 217.0M | 520.1M | 1.1B | 1.1B | 561.4M | 447.6M | |
Total Current Liabilities | 726.3M | 1.6B | 3.3B | 3.7B | 4.8B | 5.1B | |
Total Stockholder Equity | 1.4B | 1.7B | 3.2B | 3.8B | 4.0B | 2.1B | |
Retained Earnings | 601.3M | 862.0M | 1.3B | 1.8B | 2.1B | 2.2B | |
Accounts Payable | 338.7M | 761.0M | 1.2B | 925.2M | 1.1B | 618.6M | |
Cash | 137.2M | 125.9M | 638.2M | 1.3B | 1.2B | 1.3B | |
Other Assets | 97.0M | 91.8M | 128.3M | 239.3M | 275.2M | 288.9M | |
Net Receivables | 739.5M | 1.2B | 1.9B | 2.0B | 2.1B | 1.2B | |
Good Will | 330.8M | 473.3M | 610.3M | 872.4M | 1.5B | 1.5B | |
Inventory | 10.3M | 18.8M | 77.7M | 266.0M | 791.1M | 830.6M | |
Other Current Assets | 114.5M | 228.9M | 569.6M | 352.9M | 233.4M | 206.0M | |
Total Liab | 1.1B | 1.9B | 4.1B | 5.6B | 6.8B | 7.1B | |
Intangible Assets | 337.9M | 480.1M | 558.9M | 839.2M | 886.4M | 930.7M | |
Property Plant Equipment | 674.1M | 835.0M | 1.5B | 2.0B | 2.3B | 2.5B | |
Other Liab | 75.9M | 125.0M | 183.2M | 217.8M | 250.5M | 263.0M | |
Net Tangible Assets | 766.0M | 758.0M | 2.0B | 2.1B | 2.4B | 2.5B | |
Non Current Assets Total | 1.4B | 1.9B | 2.8B | 4.0B | 5.4B | 5.6B | |
Non Currrent Assets Other | 63.4M | 38.1M | 75.3M | 103.4M | 55.2M | 51.0M | |
Long Term Debt | 291.1M | 184.1M | 525.0M | 1.5B | 1.5B | 1.6B | |
Non Current Liabilities Total | 367.0M | 309.1M | 774.2M | 1.9B | 1.9B | 2.0B | |
Other Stockholder Equity | 30.8M | 32.2M | 31.1M | 68.0M | 78.1M | 82.1M | |
Deferred Long Term Liab | 17.6M | 27.5M | 23.3M | 38.1M | 43.8M | 46.0M | |
Total Current Assets | 1.1B | 1.8B | 4.5B | 5.5B | 5.8B | 2.9B | |
Net Invested Capital | 1.8B | 2.1B | 4.5B | 6.7B | 7.9B | 4.0B | |
Short Long Term Debt | 120M | 254.0M | 804.5M | 1.4B | 2.4B | 2.5B | |
Non Current Liabilities Other | 121.8M | 290.5M | 791.7K | 3.8M | 3.1M | 3.0M | |
Net Working Capital | 403.1M | 208.4M | 1.2B | 1.8B | 946.5M | 872.1M | |
Net Debt | 273.3M | 312.2M | 691.3M | 1.7B | 2.6B | 2.8B |
Currently Active Assets on Macroaxis
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.