Ming Long Term Debt vs Total Current Liabilities Analysis
| MSW Stock | USD 6.42 0.69 12.04% |
Ming Shing financial indicator trend analysis is infinitely more than just investigating Ming Shing Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Shing Group is a good investment. Please check the relationship between Ming Shing Long Term Debt and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Long Term Debt vs Total Current Liabilities
Long Term Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ming Shing's Long Term Debt and Total Current Liabilities is 0.94. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ming Shing Group, assuming nothing else is changed. The correlation between historical values of Ming Shing's Long Term Debt and Total Current Liabilities 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 Ming Shing Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., Ming Shing's Long Term Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Ming Shing Group has held for over one year. Long-term debt appears on Ming Shing Group 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 Ming Shing Group 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.Total Current Liabilities
Total Current Liabilities is an item on Ming Shing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ming Shing Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ming Shing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Shing Group 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 Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. Tax Provision is likely to drop to about 419.4 K in 2024. Selling General Administrative is likely to drop to about 764.9 K in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.6M | 3.5M | 5.1M | 3.4M | Total Revenue | 14.4M | 21.9M | 27.6M | 19.2M |
Ming Shing fundamental ratios Correlations
Click cells to compare fundamentals
Ming Shing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Ming Stock Analysis
When running Ming Shing's price analysis, check to measure Ming Shing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ming Shing is operating at the current time. Most of Ming Shing's value examination focuses on studying past and present price action to predict the probability of Ming Shing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ming Shing's price. Additionally, you may evaluate how the addition of Ming Shing to your portfolios can decrease your overall portfolio volatility.