Ming Total Stockholder Equity vs Non Current Liabilities Total Analysis

MSW Stock

USD 4.17 0.17 3.92%

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 Total Stockholder Equity and its Non Current Liabilities Total 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.

Total Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Total Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ming Shing's Total Stockholder Equity and Non Current Liabilities Total is 0.66. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total 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 Total Stockholder Equity and Non Current Liabilities 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 Total Stockholder Equity of Ming Shing Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., Ming Shing's Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Liabilities Total

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

Gross Profit Total Revenue

Ming Shing fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.99	0.54	0.81	0.99	0.54	0.99	0.76	0.88	0.83	0.97	0.72	-0.66	0.98	0.42	1.0	1.0	0.81	0.97	0.99	0.96	-0.08
Total Current Liabilities	0.99		0.45	0.77	1.0	0.45	0.98	0.71	0.86	0.83	0.94	0.79	-0.63	0.95	0.47	1.0	0.99	0.77	0.99	1.0	0.97	-0.11
Total Stockholder Equity	0.54	0.45		0.72	0.44	1.0	0.48	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.57	0.71	0.41	0.45	0.3	-0.01
Property Plant And Equipment Net	0.81	0.77	0.72		0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.79	0.81	1.0	0.72	0.78	0.7	-0.17
Net Debt	0.99	1.0	0.44	0.75		0.44	0.97	0.69	0.85	0.82	0.93	0.79	-0.61	0.94	0.52	0.99	0.99	0.75	1.0	1.0	0.97	-0.16
Retained Earnings	0.54	0.45	1.0	0.71	0.44		0.47	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.56	0.71	0.41	0.45	0.29	-0.01
Accounts Payable	0.99	0.98	0.48	0.79	0.97	0.47		0.74	0.86	0.82	0.97	0.77	-0.65	0.97	0.3	0.99	0.97	0.79	0.94	0.99	0.98	0.05
Cash	0.76	0.71	0.74	1.0	0.69	0.74	0.74		0.96	0.91	0.82	0.31	-0.95	0.82	0.2	0.74	0.76	1.0	0.66	0.72	0.64	-0.16
Non Current Assets Total	0.88	0.86	0.66	0.98	0.85	0.66	0.86	0.96		0.96	0.89	0.51	-0.92	0.9	0.39	0.87	0.89	0.98	0.83	0.86	0.79	-0.25
Non Currrent Assets Other	0.83	0.83	0.44	0.93	0.82	0.44	0.82	0.91	0.96		0.81	0.63	-0.94	0.82	0.42	0.83	0.83	0.93	0.81	0.84	0.81	-0.32
Long Term Debt	0.97	0.94	0.66	0.86	0.93	0.66	0.97	0.82	0.89	0.81		0.61	-0.69	1.0	0.23	0.96	0.96	0.86	0.89	0.95	0.91	0.08
Net Receivables	0.72	0.79	-0.18	0.39	0.79	-0.18	0.77	0.31	0.51	0.63	0.61		-0.38	0.61	0.37	0.76	0.7	0.39	0.79	0.79	0.88	-0.04
Common Stock Shares Outstanding	-0.66	-0.63	-0.51	-0.95	-0.61	-0.51	-0.65	-0.95	-0.92	-0.94	-0.69	-0.38		-0.69	-0.21	-0.65	-0.65	-0.95	-0.58	-0.64	-0.6	0.25
Non Current Liabilities Total	0.98	0.95	0.66	0.86	0.94	0.66	0.97	0.82	0.9	0.82	1.0	0.61	-0.69		0.27	0.97	0.97	0.86	0.91	0.96	0.91	0.04
Capital Lease Obligations	0.42	0.47	0.08	0.25	0.52	0.08	0.3	0.2	0.39	0.42	0.23	0.37	-0.21	0.27		0.43	0.47	0.25	0.59	0.43	0.35	-0.88
Total Liab	1.0	1.0	0.5	0.79	0.99	0.5	0.99	0.74	0.87	0.83	0.96	0.76	-0.65	0.97	0.43		1.0	0.8	0.98	1.0	0.97	-0.08
Net Invested Capital	1.0	0.99	0.57	0.81	0.99	0.56	0.97	0.76	0.89	0.83	0.96	0.7	-0.65	0.97	0.47	1.0		0.81	0.98	0.99	0.94	-0.13
Property Plant And Equipment Gross	0.81	0.77	0.71	1.0	0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.8	0.81		0.72	0.78	0.71	-0.17
Short Long Term Debt	0.97	0.99	0.41	0.72	1.0	0.41	0.94	0.66	0.83	0.81	0.89	0.79	-0.58	0.91	0.59	0.98	0.98	0.72		0.98	0.95	-0.24
Total Current Assets	0.99	1.0	0.45	0.78	1.0	0.45	0.99	0.72	0.86	0.84	0.95	0.79	-0.64	0.96	0.43	1.0	0.99	0.78	0.98		0.98	-0.08
Capital Stock	0.96	0.97	0.3	0.7	0.97	0.29	0.98	0.64	0.79	0.81	0.91	0.88	-0.6	0.91	0.35	0.97	0.94	0.71	0.95	0.98		0.02
Net Working Capital	-0.08	-0.11	-0.01	-0.17	-0.16	-0.01	0.05	-0.16	-0.25	-0.32	0.08	-0.04	0.25	0.04	-0.88	-0.08	-0.13	-0.17	-0.24	-0.08	0.02

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Ming Shing Account Relationship Matchups

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Ming Total Stockholder Equity vs Non Current Liabilities Total Analysis

Total Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Non Current Liabilities Total

Ming Shing fundamental ratios Correlations

Ming Shing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Liab	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.95	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.95	Cash
Common Stock Shares Outstanding	- 0.95	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.94	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.92	Non Current Assets Total
Net Working Capital	- 0.88	Capital Lease Obligations