Max Cash And Short Term Investments vs Other Current Assets Analysis

MFSL Stock   1,170  27.60  2.42%   
Max Financial financial indicator trend analysis is infinitely more than just investigating Max Financial Services recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Max Financial Services is a good investment. Please check the relationship between Max Financial Cash And Short Term Investments and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Financial Services. 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.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Max Financial Services Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Max Financial's Cash And Short Term Investments and Other Current Assets is 0.13. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Max Financial Services, assuming nothing else is changed. The correlation between historical values of Max Financial's Cash And Short Term Investments and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Max Financial Services are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Max Financial's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Max Financial Services balance sheet. This account contains Max Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Max Financial Services fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Max Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Max Financial Services 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 Max Financial Services. 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.
At this time, Max Financial's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 84.5 M in 2024, whereas Tax Provision is likely to drop slightly above 211.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense193.4M572.4M931.3M884.7M
Depreciation And Amortization316.7B307.3B2.0B1.9B

Max Financial fundamental ratios Correlations

0.46-0.65-0.370.53-0.52-0.770.940.61-0.030.660.58-0.190.620.68-0.920.741.0-0.280.390.980.70.690.710.69-0.66
0.46-0.62-0.270.530.160.10.510.31-0.25-0.040.330.590.310.59-0.310.390.46-0.20.050.490.410.550.570.29-0.4
-0.65-0.620.51-0.340.270.27-0.61-0.260.27-0.24-0.43-0.36-0.26-0.670.66-0.51-0.650.410.12-0.59-0.37-0.69-0.49-0.350.55
-0.37-0.270.510.120.210.25-0.370.010.790.040.11-0.220.01-0.160.56-0.35-0.380.920.23-0.32-0.02-0.28-0.16-0.180.61
0.530.53-0.340.120.19-0.230.450.130.340.520.580.170.130.35-0.360.70.520.070.230.510.90.60.790.16-0.45
-0.520.160.270.210.190.56-0.38-0.41-0.09-0.19-0.360.43-0.42-0.20.52-0.05-0.530.05-0.06-0.43-0.11-0.3-0.2-0.370.08
-0.770.10.270.25-0.230.56-0.79-0.57-0.11-0.77-0.370.52-0.58-0.420.79-0.5-0.770.14-0.53-0.79-0.49-0.29-0.41-0.680.42
0.940.51-0.61-0.370.45-0.38-0.790.73-0.080.630.47-0.140.730.74-0.860.650.94-0.230.530.980.60.520.620.81-0.6
0.610.31-0.260.010.13-0.41-0.570.730.160.350.21-0.291.00.59-0.430.240.610.240.790.690.18-0.010.160.95-0.19
-0.03-0.250.270.790.34-0.09-0.11-0.080.160.330.48-0.190.160.080.13-0.09-0.040.850.25-0.030.26-0.040.10.040.39
0.66-0.04-0.240.040.52-0.19-0.770.630.350.330.34-0.350.340.41-0.680.60.660.00.550.680.580.310.40.5-0.45
0.580.33-0.430.110.58-0.36-0.370.470.210.480.340.030.220.47-0.490.310.570.2-0.060.510.720.760.770.13-0.05
-0.190.59-0.36-0.220.170.430.52-0.14-0.29-0.19-0.350.03-0.290.20.11-0.14-0.19-0.15-0.48-0.19-0.070.230.11-0.260.02
0.620.31-0.260.010.13-0.42-0.580.731.00.160.340.22-0.290.6-0.440.240.620.240.780.690.180.00.170.95-0.18
0.680.59-0.67-0.160.35-0.2-0.420.740.590.080.410.470.20.6-0.650.460.680.030.320.730.30.430.430.65-0.45
-0.92-0.310.660.56-0.360.520.79-0.86-0.430.13-0.68-0.490.11-0.44-0.65-0.68-0.920.47-0.23-0.88-0.54-0.65-0.59-0.60.69
0.740.39-0.51-0.350.7-0.05-0.50.650.24-0.090.60.31-0.140.240.46-0.680.74-0.390.280.70.730.540.590.41-0.91
1.00.46-0.65-0.380.52-0.53-0.770.940.61-0.040.660.57-0.190.620.68-0.920.74-0.290.390.980.690.690.710.69-0.66
-0.28-0.20.410.920.070.050.14-0.230.240.850.00.2-0.150.240.030.47-0.39-0.290.31-0.22-0.06-0.33-0.140.030.63
0.390.050.120.230.23-0.06-0.530.530.790.250.55-0.06-0.480.780.32-0.230.280.390.310.520.19-0.280.040.79-0.19
0.980.49-0.59-0.320.51-0.43-0.790.980.69-0.030.680.51-0.190.690.73-0.880.70.98-0.220.520.660.590.680.76-0.63
0.70.41-0.37-0.020.9-0.11-0.490.60.180.260.580.72-0.070.180.3-0.540.730.69-0.060.190.660.750.910.19-0.47
0.690.55-0.69-0.280.6-0.3-0.290.52-0.01-0.040.310.760.230.00.43-0.650.540.69-0.33-0.280.590.750.840.02-0.44
0.710.57-0.49-0.160.79-0.2-0.410.620.160.10.40.770.110.170.43-0.590.590.71-0.140.040.680.910.840.15-0.41
0.690.29-0.35-0.180.16-0.37-0.680.810.950.040.50.13-0.260.950.65-0.60.410.690.030.790.760.190.020.15-0.4
-0.66-0.40.550.61-0.450.080.42-0.6-0.190.39-0.45-0.050.02-0.18-0.450.69-0.91-0.660.63-0.19-0.63-0.47-0.44-0.41-0.4
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Max Financial Account Relationship Matchups

Max Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets745.3B981.3B1.2T1.3T1.6T1.7T
Short Long Term Debt Total3.3B3.3B7.8B8.2B8.4B6.3B
Other Current Liab(11.6B)(12.4B)(13.6B)(34.2B)(24.3B)(23.1B)
Total Current Liabilities10.4B12.4B14.1B17.1B14.6B23.4B
Total Stockholder Equity21.5B33.4B39.3B35.2B38.7B24.4B
Property Plant And Equipment Net4.0B3.5B3.0B3.9B29.1M27.6M
Net Debt(4.4B)(4.3B)140.9M(4.0B)(8.5B)(8.1B)
Cash7.7B7.2B7.6B12.3B17.0B17.8B
Non Current Assets Total5.5B5.5B5.3B5.3B1.7T1.8T
Cash And Short Term Investments17.6B23.3B26.2B12.3B34.3B20.0B
Net Receivables13.9B11.9B14.0B15.9B18.6B19.5B
Liabilities And Stockholders Equity745.3B981.3B1.2T1.3T1.6T1.7T
Non Current Liabilities Total3.3B3.5B5.2B5.2B1.6T1.7T
Inventory15.6M47.6M50.8M10.4B12.0B12.6B
Other Current Assets(21.6B)(19.1B)(21.9B)(28.8B)(36.0B)(34.2B)
Other Stockholder Equity6.3B62.8B48.3B45.6B45.6B47.9B
Total Liab717.1B945.3B1.1T1.3T1.6T1.7T
Total Current Assets4.5B5.1B5.7B9.9B34.3B25.9B
Accumulated Other Comprehensive Income(1.5B)2.0B2.0B2.0B2.2B2.3B
Short Term Debt15.2M520.2M520.6M540.0M5.2B5.5B
Intangible Assets1.3B1.4B1.7B2.4B2.9B3.0B
Common Stock539.0M690.2M690.2M687.2M687.3M559.2M
Accounts Payable10.4B12.4B14.1B17.1B14.9B9.3B
Non Currrent Assets Other(44.9B)(57.9B)(81.4B)(95.4B)1.6T1.7T
Retained Earnings14.6B(16.0B)(10.1B)(11.6B)(9.8B)(9.3B)
Short Term Investments9.9B16.1B18.5B569.7M17.4B17.5B
Other Liab623.7B695.5B919.0B1.1T1.3T1.3T
Net Tangible Assets15.3B16.2B28.2B34.1B39.2B23.8B
Other Assets735.3B970.7B1.2T1.3T(101.2B)(96.1B)
Long Term Investments39.8B41.1B98.6B89.2B60.5B119.8B
Property Plant Equipment255.0M251.2M43.1M38.5M34.7M32.9M
Capital Surpluse4.2B4.2B46.8B46.8B53.8B56.5B
Long Term Debt Total3.2B2.8B5.2B5.2B6.0B6.3B
Cash And Equivalents4.1B2.1B2.0B9.9B11.4B11.9B

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