MFS Net Income vs Change In Working Capital Analysis

CMU Stock

USD 3.51 0.01 0.29%

MFS High financial indicator trend analysis is infinitely more than just investigating MFS High Yield recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MFS High Yield is a good investment. Please check the relationship between MFS High Net Income and its Change In Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Yield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Income vs Change In Working Capital

Net Income vs Change In Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MFS High Yield Net Income account and Change In Working Capital. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MFS High's Net Income and Change In Working Capital is -0.37. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Working Capital in the same time period over historical financial statements of MFS High Yield, assuming nothing else is changed. The correlation between historical values of MFS High's Net Income and Change In Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of MFS High Yield are associated (or correlated) with its Change In Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Working Capital has no effect on the direction of Net Income i.e., MFS High's Net Income and Change In Working Capital go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in MFS High Yield financial statement analysis. It represents the amount of money remaining after all of MFS High Yield operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

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

Enterprise Value is likely to gain to about 197.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 245.9 K in 2024.

	2021	2022	2023	2024 (projected)
Net Interest Income	6.2M	5.1M	4.6M	6.0M
Interest Income	7.7M	8.1M	9.3M	6.4M

Net Interest Income Interest Income

MFS High fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Deferred Long Term Liab	Long Term Investments	Other Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Short Long Term Debt	Total Current Assets	Common Stock
Total Assets		0.85	0.77	0.8	0.04	0.15	-0.48	0.05	-0.35	0.02	1.0	0.65	0.31	-0.12	0.1	0.88	0.93	-0.09	-0.76	0.59	0.76	0.57	0.22	-0.76	-0.25	0.74
Total Stockholder Equity	0.85		0.88	1.0	-0.14	0.16	-0.86	0.13	-0.46	-0.14	0.86	0.32	0.11	0.03	0.04	0.53	0.6	0.08	-0.54	0.43	0.44	0.4	0.31	-0.54	-0.27	0.6
Other Liab	0.77	0.88		0.88	-0.32	-0.11	-0.77	-0.18	-0.1	-0.01	0.78	0.45	0.25	0.34	-0.2	0.52	0.58	0.38	-0.55	0.58	0.43	0.45	0.56	-0.56	-0.59	0.72
Net Tangible Assets	0.8	1.0	0.88		-0.16	0.17	-0.89	0.14	-0.47	-0.17	0.81	0.26	0.08	0.04	0.05	0.46	0.53	0.12	-0.5	0.39	0.38	0.39	0.32	-0.5	-0.26	0.57
Retained Earnings	0.04	-0.14	-0.32	-0.16		0.2	0.41	0.77	-0.52	-0.62	0.04	-0.28	0.06	-0.5	0.2	0.17	0.11	-0.69	0.2	-0.44	0.1	0.08	-0.88	0.25	0.57	-0.58
Accounts Payable	0.15	0.16	-0.11	0.17	0.2		-0.13	0.51	-0.34	-0.07	0.14	-0.15	-0.24	-0.87	0.99	-0.02	0.07	-0.22	0.02	-0.19	-0.04	0.16	-0.4	0.07	0.47	-0.1
Cash	-0.48	-0.86	-0.77	-0.89	0.41	-0.13		-0.05	0.34	0.13	-0.49	-0.01	0.13	-0.18	0.0	-0.07	-0.14	-0.28	0.23	-0.22	-0.05	-0.14	-0.42	0.23	0.27	-0.43
Net Receivables	0.05	0.13	-0.18	0.14	0.77	0.51	-0.05		-0.68	-0.62	0.05	-0.55	-0.25	-0.59	0.44	-0.06	-0.06	-0.58	0.29	-0.69	-0.16	-0.07	-0.86	0.32	0.64	-0.57
Total Liab	-0.35	-0.46	-0.1	-0.47	-0.52	-0.34	0.34	-0.68		0.43	-0.35	0.19	0.3	0.45	-0.25	-0.15	-0.17	0.68	0.03	0.24	-0.13	-0.18	0.5	-0.01	-0.65	0.19
Deferred Long Term Liab	0.02	-0.14	-0.01	-0.17	-0.62	-0.07	0.13	-0.62	0.43		0.01	0.57	-0.21	0.2	0.02	0.09	0.17	0.32	-0.31	0.25	0.05	0.16	0.47	-0.28	-0.32	0.51
Long Term Investments	1.0	0.86	0.78	0.81	0.04	0.14	-0.49	0.05	-0.35	0.01		0.65	0.3	-0.11	0.09	0.88	0.92	-0.09	-0.76	0.59	0.76	0.56	0.22	-0.76	-0.25	0.74
Other Assets	0.65	0.32	0.45	0.26	-0.28	-0.15	-0.01	-0.55	0.19	0.57	0.65		0.28	0.09	-0.1	0.78	0.79	0.04	-0.74	0.77	0.75	0.36	0.49	-0.7	-0.42	0.82
Short Long Term Debt Total	0.31	0.11	0.25	0.08	0.06	-0.24	0.13	-0.25	0.3	-0.21	0.3	0.28		0.15	-0.21	0.41	0.42	0.26	-0.14	0.52	0.37	0.29	0.27	-0.26	-0.42	0.25
Other Current Liab	-0.12	0.03	0.34	0.04	-0.5	-0.87	-0.18	-0.59	0.45	0.2	-0.11	0.09	0.15		-0.88	-0.13	-0.15	0.61	-0.02	0.22	-0.15	-0.03	0.63	-0.06	-0.73	0.24
Total Current Liabilities	0.1	0.04	-0.2	0.05	0.2	0.99	0.0	0.44	-0.25	0.02	0.09	-0.1	-0.21	-0.88		-0.01	0.08	-0.21	0.03	-0.19	-0.04	0.17	-0.4	0.08	0.47	-0.1
Net Debt	0.88	0.53	0.52	0.46	0.17	-0.02	-0.07	-0.06	-0.15	0.09	0.88	0.78	0.41	-0.13	-0.01		0.97	-0.23	-0.81	0.61	0.91	0.44	0.12	-0.81	-0.22	0.68
Non Current Assets Total	0.93	0.6	0.58	0.53	0.11	0.07	-0.14	-0.06	-0.17	0.17	0.92	0.79	0.42	-0.15	0.08	0.97		-0.12	-0.77	0.62	0.83	0.61	0.17	-0.78	-0.25	0.72
Non Currrent Assets Other	-0.09	0.08	0.38	0.12	-0.69	-0.22	-0.28	-0.58	0.68	0.32	-0.09	0.04	0.26	0.61	-0.21	-0.23	-0.12		0.02	0.31	-0.32	0.23	0.73	-0.04	-0.82	0.34
Long Term Debt	-0.76	-0.54	-0.55	-0.5	0.2	0.02	0.23	0.29	0.03	-0.31	-0.76	-0.74	-0.14	-0.02	0.03	-0.81	-0.77	0.02		-0.67	-0.84	-0.32	-0.34	0.97	0.35	-0.81
Cash And Short Term Investments	0.59	0.43	0.58	0.39	-0.44	-0.19	-0.22	-0.69	0.24	0.25	0.59	0.77	0.52	0.22	-0.19	0.61	0.62	0.31	-0.67		0.64	0.38	0.74	-0.7	-0.55	0.81
Common Stock Shares Outstanding	0.76	0.44	0.43	0.38	0.1	-0.04	-0.05	-0.16	-0.13	0.05	0.76	0.75	0.37	-0.15	-0.04	0.91	0.83	-0.32	-0.84	0.64		0.25	0.14	-0.81	-0.14	0.66
Non Current Liabilities Total	0.57	0.4	0.45	0.39	0.08	0.16	-0.14	-0.07	-0.18	0.16	0.56	0.36	0.29	-0.03	0.17	0.44	0.61	0.23	-0.32	0.38	0.25		0.18	-0.34	-0.21	0.41
Other Current Assets	0.22	0.31	0.56	0.32	-0.88	-0.4	-0.42	-0.86	0.5	0.47	0.22	0.49	0.27	0.63	-0.4	0.12	0.17	0.73	-0.34	0.74	0.14	0.18		-0.41	-0.75	0.74
Short Long Term Debt	-0.76	-0.54	-0.56	-0.5	0.25	0.07	0.23	0.32	-0.01	-0.28	-0.76	-0.7	-0.26	-0.06	0.08	-0.81	-0.78	-0.04	0.97	-0.7	-0.81	-0.34	-0.41		0.36	-0.84
Total Current Assets	-0.25	-0.27	-0.59	-0.26	0.57	0.47	0.27	0.64	-0.65	-0.32	-0.25	-0.42	-0.42	-0.73	0.47	-0.22	-0.25	-0.82	0.35	-0.55	-0.14	-0.21	-0.75	0.36		-0.58
Common Stock	0.74	0.6	0.72	0.57	-0.58	-0.1	-0.43	-0.57	0.19	0.51	0.74	0.82	0.25	0.24	-0.1	0.68	0.72	0.34	-0.81	0.81	0.66	0.41	0.74	-0.84	-0.58

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MFS High Account Relationship Matchups

MFS High fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	209.4M	220.6M	175.7M	155.0M	139.5M	166.4M
Total Stockholder Equity	133.4M	137.7M	105.0M	93.0M	83.7M	120.0M
Net Tangible Assets	139.0M	133.4M	137.7M	105.0M	94.5M	123.8M
Retained Earnings	8.7M	13.1M	(19.7M)	(22.1M)	(25.5M)	(26.7M)
Accounts Payable	757.9K	7.8M	687.4K	1.9M	2.2M	2.0M
Net Receivables	4.0M	5.9M	3.0M	2.5M	2.9M	3.8M
Total Liab	866.3K	7.8M	70.7M	62.0M	71.3M	44.8M
Long Term Investments	205.4M	214.6M	172.7M	152.5M	137.3M	162.2M
Other Assets	2.2K	2.3K	2.3K	(531.7K)	(478.6K)	(454.6K)
Other Current Liab	(757.9K)	(7.8M)	(687.4K)	12.6K	11.4K	11.9K
Total Current Liabilities	866.3K	7.8M	704.0K	2.0M	2.2M	2.1M
Non Current Assets Total	205.4M	214.6M	172.7M	152.8M	137.5M	160.6M
Non Currrent Assets Other	(205.4M)	(214.6M)	(172.7M)	268.2K	241.4K	253.5K
Liabilities And Stockholders Equity	209.4M	220.6M	175.7M	155.0M	139.5M	162.6M
Other Current Assets	(4.0M)	(5.9M)	(3.0M)	(2.5M)	(2.2M)	(2.4M)
Total Current Assets	4.0M	5.9M	3.0M	2.8M	3.2M	2.8M

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