MICEL Stock | | | 84.05 0.27 0.32% |
MIC Electronics financial indicator trend analysis is infinitely more than just investigating MIC Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIC Electronics is a good investment. Please check the relationship between MIC Electronics Other Current Liab and its Short Long Term Debt Total accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIC Electronics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Other Current Liab vs Short Long Term Debt Total
Other Current Liab vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MIC Electronics Other Current Liab account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have weak relationship.
The correlation between MIC Electronics' Other Current Liab and Short Long Term Debt Total is 0.39. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of MIC Electronics Limited, assuming nothing else is changed. The correlation between historical values of MIC Electronics' Other Current Liab and Short Long Term Debt Total 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 Current Liab of MIC Electronics Limited are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Current Liab i.e., MIC Electronics' Other Current Liab and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Liab
Short Long Term Debt Total
Most indicators from MIC Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MIC Electronics 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 MIC Electronics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of the 29th of November 2024,
Selling General Administrative is likely to grow to about 12.5
M, though
Tax Provision is likely to grow to (419
M).
MIC Electronics fundamental ratios Correlations
Click cells to compare fundamentals
MIC Electronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MIC Electronics fundamental ratios Accounts
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Other Information on Investing in MIC Stock
Balance Sheet is a snapshot of the
financial position of MIC Electronics at a specified time, usually calculated after every quarter, six months, or one year. MIC Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MIC Electronics 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 MIC currently owns. An asset can also be divided into two categories, current and non-current.