Milkyway Long Term Debt vs Property Plant Equipment 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 Property Plant Equipment 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 Property Plant Equipment

Long Term Debt vs Property Plant Equipment 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 Property Plant Equipment. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Milkyway Chemical's Long Term Debt and Property Plant Equipment is 0.97. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment 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 Property Plant Equipment 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 Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., Milkyway Chemical's Long Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery 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.

Property Plant Equipment

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 Income569.8M810.4M669.7M380.6M
Total Revenue8.6B11.6B9.8B4.9B

Milkyway Chemical fundamental ratios Correlations

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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.