Myers Net Debt vs Net Receivables Analysis
MYE Stock | USD 12.53 0.45 3.73% |
Myers Industries financial indicator trend analysis is infinitely more than just investigating Myers Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myers Industries is a good investment. Please check the relationship between Myers Industries Net Debt and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
Net Debt vs Net Receivables
Net Debt vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Net Debt account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Myers Industries' Net Debt and Net Receivables is 0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Myers Industries, assuming nothing else is changed. The correlation between historical values of Myers Industries' Net Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Myers Industries are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Myers Industries' Net Debt and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Net Receivables
Most indicators from Myers Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myers Industries 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 Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 857.7 M, whereas Tax Provision is forecasted to decline to about 10.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.2M | 5.7M | 6.3M | 7.2M | Depreciation And Amortization | 20.9M | 21.2M | 22.8M | 26.0M |
Myers Industries fundamental ratios Correlations
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Myers Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Myers Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 353.1M | 400.0M | 484.5M | 542.6M | 541.6M | 431.3M | |
Short Long Term Debt Total | 83.3M | 95.7M | 130.0M | 132.4M | 95.5M | 126.2M | |
Other Current Liab | 31.1M | 29.9M | 36.4M | 45.6M | 42.7M | 32.4M | |
Total Current Liabilities | 82.6M | 142.2M | 132.5M | 137.8M | 165.1M | 97.7M | |
Total Stockholder Equity | 166.7M | 189.1M | 209.3M | 256.4M | 292.8M | 195.2M | |
Property Plant And Equipment Net | 60.9M | 92.3M | 121.3M | 130.5M | 135.9M | 126.2M | |
Net Debt | 7.8M | 67.4M | 112.4M | 109.2M | 65.2M | 112.2M | |
Retained Earnings | (135.1M) | (117.9M) | (104.2M) | (64.0M) | (35.5M) | (33.7M) | |
Cash | 75.5M | 28.3M | 17.7M | 23.1M | 30.3M | 31.8M | |
Non Current Assets Total | 168.1M | 216.3M | 264.6M | 285.4M | 285.0M | 244.1M | |
Non Currrent Assets Other | 101.4M | 123.9M | 143.2M | 7.9M | 8.4M | 7.9M | |
Cash And Short Term Investments | 75.5M | 28.3M | 17.7M | 23.1M | 30.3M | 31.8M | |
Net Receivables | 62.4M | 84.8M | 103.2M | 133.7M | 128.6M | 89.4M | |
Common Stock Shares Outstanding | 33.4M | 35.7M | 35.9M | 36.4M | 37.1M | 36.7M | |
Liabilities And Stockholders Equity | 353.1M | 400.0M | 484.5M | 542.6M | 541.6M | 431.3M | |
Non Current Liabilities Total | 103.8M | 68.7M | 142.7M | 148.4M | 83.7M | 138.4M | |
Inventory | 44.3M | 65.9M | 93.6M | 93.4M | 90.8M | 72.6M | |
Other Current Assets | 2.8M | 4.8M | 5.5M | 7.0M | 6.9M | 8.8M | |
Other Stockholder Equity | 296.4M | 300.9M | 306.7M | 315.9M | 322.5M | 338.7M | |
Total Liab | 186.5M | 210.9M | 275.2M | 286.2M | 248.8M | 236.1M | |
Property Plant And Equipment Gross | 60.9M | 92.3M | 121.3M | 101.6M | 425.1M | 446.3M | |
Total Current Assets | 185.0M | 183.7M | 219.9M | 257.2M | 256.6M | 187.2M | |
Accumulated Other Comprehensive Income | (16.3M) | (15.8M) | (15.4M) | (17.8M) | (16.8M) | (17.7M) | |
Short Term Debt | 2.1M | 48.7M | 11.7M | 13.4M | 39.1M | 41.0M | |
Intangible Assets | 30.8M | 41.0M | 50.2M | 51.8M | 45.1M | 66.1M | |
Accounts Payable | 46.9M | 61.2M | 81.7M | 73.5M | 79.1M | 53.8M | |
Good Will | 66.8M | 79.3M | 88.8M | 95.2M | 95.4M | 90.6M | |
Common Stock Total Equity | 21.8M | 21.9M | 22.2M | 22.3M | 25.7M | 21.0M | |
Common Stock | 21.8M | 21.9M | 22.2M | 22.3M | 22.6M | 21.5M | |
Other Assets | 9.7M | 22.0M | 143.3M | 8.0M | 1.0 | 0.95 | |
Long Term Debt | 77.2M | 37.6M | 90.9M | 94.0M | 32.0M | 30.4M | |
Property Plant Equipment | 55.0M | 74.0M | 92.0M | 101.6M | 91.4M | 116.2M | |
Current Deferred Revenue | 2.6M | 2.9M | 5.2M | 10.6M | 12.7M | 10.9M | |
Other Liab | 22.6M | 17.3M | 18.5M | 22.8M | 26.2M | 16.3M | |
Net Tangible Assets | 73.2M | 82.6M | 70.4M | 256.4M | 294.9M | 309.6M | |
Retained Earnings Total Equity | (135.1M) | (117.9M) | (104.2M) | (64.0M) | (57.6M) | (60.5M) | |
Long Term Debt Total | 77.2M | 37.6M | 100.4M | 102.9M | 92.6M | 82.9M | |
Capital Surpluse | 296.4M | 300.9M | 306.7M | 315.9M | 363.2M | 291.8M |
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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.When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Metal, Glass & Plastic Containers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 0.54 | Earnings Share 0.42 | Revenue Per Share 22.234 | Quarterly Revenue Growth 0.037 |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.