Mister Other Assets vs Capital Lease Obligations Analysis

MCW Stock  USD 8.09  0.02  0.25%   
Mister Car financial indicator trend analysis is infinitely more than just investigating Mister Car Wash recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mister Car Wash is a good investment. Please check the relationship between Mister Car Other Assets and its Capital Lease Obligations accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Other Assets vs Capital Lease Obligations

Other Assets vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Other Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have pay attention.
The correlation between Mister Car's Other Assets and Capital Lease Obligations is -0.97. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Mister Car Wash, assuming nothing else is changed. The correlation between historical values of Mister Car's Other Assets and Capital Lease Obligations 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 Assets of Mister Car Wash are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Other Assets i.e., Mister Car's Other Assets and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

-0.97
Relationship DirectionNegative 
Relationship StrengthSignificant

Other Assets

Capital Lease Obligations

Mister Car Wash capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Mister Car asset purchases. For example, Mister Car can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Mister Car control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Mister Car's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mister Car Wash 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Mister Car's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 177.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 16.98 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses786.1M689.7M748.9M714.5M
Gross Profit493.2M608.0M563.4M534.9M

Mister Car fundamental ratios Correlations

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Mister Car Account Relationship Matchups

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