Myers Short Term Investments vs Long Term Debt 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 Short Term Investments and its Long Term Debt 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.

Short Term Investments vs Long Term Debt

Short Term Investments vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Myers Industries' Short Term Investments and Long Term Debt is -0.34. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt 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' Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Myers Industries are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Investments i.e., Myers Industries' Short Term Investments and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Myers Industries balance sheet. It contains any investments Myers Industries undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Myers Industries can easily liquidate in the marketplace.

Long Term Debt

Long-term debt is a debt that Myers Industries has held for over one year. Long-term debt appears on Myers Industries 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 Myers Industries 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.
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 Expense4.2M5.7M6.3M7.2M
Depreciation And Amortization20.9M21.2M22.8M26.0M

Myers Industries fundamental ratios Correlations

0.520.580.910.750.880.47-0.23-0.080.95-0.03-0.080.90.530.550.770.640.740.830.450.940.080.530.870.740.72
0.520.170.37-0.160.420.96-0.3-0.320.660.24-0.320.25-0.270.95-0.010.10.10.890.080.30.40.810.350.330.02
0.580.170.440.560.40.14-0.130.350.580.010.350.50.560.240.390.290.60.380.350.520.010.450.30.690.63
0.910.370.440.750.770.31-0.23-0.070.850.02-0.070.850.550.320.740.520.690.70.390.88-0.030.410.910.70.74
0.75-0.160.560.750.65-0.19-0.020.190.6-0.240.190.850.86-0.130.870.60.810.250.530.82-0.150.050.690.690.86
0.880.420.40.770.650.480.03-0.40.87-0.06-0.40.850.360.50.860.860.540.730.50.780.160.360.820.50.48
0.470.960.140.31-0.190.48-0.09-0.530.620.14-0.530.24-0.320.930.050.23-0.030.850.120.250.420.770.30.24-0.11
-0.23-0.3-0.13-0.23-0.020.03-0.09-0.43-0.23-0.64-0.43-0.13-0.08-0.290.040.25-0.45-0.320.37-0.21-0.03-0.06-0.25-0.18-0.38
-0.08-0.320.35-0.070.19-0.4-0.53-0.43-0.170.051.0-0.140.47-0.31-0.23-0.40.46-0.270.040.03-0.24-0.04-0.180.280.47
0.950.660.580.850.60.870.62-0.23-0.170.12-0.170.850.40.650.680.560.670.880.470.790.220.650.810.760.64
-0.030.240.010.02-0.24-0.060.14-0.640.050.120.05-0.07-0.240.19-0.11-0.310.070.15-0.39-0.20.21-0.020.170.030.02
-0.08-0.320.35-0.070.19-0.4-0.53-0.431.0-0.170.05-0.140.47-0.31-0.23-0.40.46-0.270.040.03-0.24-0.04-0.180.280.47
0.90.250.50.850.850.850.24-0.13-0.140.85-0.07-0.140.570.270.890.640.740.590.450.85-0.020.250.860.690.75
0.53-0.270.560.550.860.36-0.32-0.080.470.4-0.240.470.57-0.270.630.360.830.050.530.62-0.290.130.40.730.84
0.550.950.240.32-0.130.50.93-0.29-0.310.650.19-0.310.27-0.270.070.270.10.90.040.360.350.730.360.23-0.01
0.77-0.010.390.740.870.860.050.04-0.230.68-0.11-0.230.890.630.070.820.640.390.410.79-0.090.020.80.510.62
0.640.10.290.520.60.860.230.25-0.40.56-0.31-0.40.640.360.270.820.360.440.440.670.020.10.560.210.27
0.740.10.60.690.810.54-0.03-0.450.460.670.070.460.740.830.10.640.360.390.490.73-0.040.30.620.820.94
0.830.890.380.70.250.730.85-0.32-0.270.880.15-0.270.590.050.90.390.440.390.210.680.250.740.690.50.33
0.450.080.350.390.530.50.120.370.040.47-0.390.040.450.530.040.410.440.490.210.370.120.420.280.580.5
0.940.30.520.880.820.780.25-0.210.030.79-0.20.030.850.620.360.790.670.730.680.37-0.080.340.830.630.74
0.080.40.01-0.03-0.150.160.42-0.03-0.240.220.21-0.24-0.02-0.290.35-0.090.02-0.040.250.12-0.080.25-0.070.07-0.05
0.530.810.450.410.050.360.77-0.06-0.040.65-0.02-0.040.250.130.730.020.10.30.740.420.340.250.260.640.22
0.870.350.30.910.690.820.3-0.25-0.180.810.17-0.180.860.40.360.80.560.620.690.280.83-0.070.260.560.62
0.740.330.690.70.690.50.24-0.180.280.760.030.280.690.730.230.510.210.820.50.580.630.070.640.560.82
0.720.020.630.740.860.48-0.11-0.380.470.640.020.470.750.84-0.010.620.270.940.330.50.74-0.050.220.620.82
Click cells to compare fundamentals

Myers Industries Account Relationship Matchups

Myers Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets353.1M400.0M484.5M542.6M541.6M431.3M
Short Long Term Debt Total83.3M95.7M130.0M132.4M95.5M126.2M
Other Current Liab31.1M29.9M36.4M45.6M42.7M32.4M
Total Current Liabilities82.6M142.2M132.5M137.8M165.1M97.7M
Total Stockholder Equity166.7M189.1M209.3M256.4M292.8M195.2M
Property Plant And Equipment Net60.9M92.3M121.3M130.5M135.9M126.2M
Net Debt7.8M67.4M112.4M109.2M65.2M112.2M
Retained Earnings(135.1M)(117.9M)(104.2M)(64.0M)(35.5M)(33.7M)
Cash75.5M28.3M17.7M23.1M30.3M31.8M
Non Current Assets Total168.1M216.3M264.6M285.4M285.0M244.1M
Non Currrent Assets Other101.4M123.9M143.2M7.9M8.4M7.9M
Cash And Short Term Investments75.5M28.3M17.7M23.1M30.3M31.8M
Net Receivables62.4M84.8M103.2M133.7M128.6M89.4M
Common Stock Shares Outstanding33.4M35.7M35.9M36.4M37.1M36.7M
Liabilities And Stockholders Equity353.1M400.0M484.5M542.6M541.6M431.3M
Non Current Liabilities Total103.8M68.7M142.7M148.4M83.7M138.4M
Inventory44.3M65.9M93.6M93.4M90.8M72.6M
Other Current Assets2.8M4.8M5.5M7.0M6.9M8.8M
Other Stockholder Equity296.4M300.9M306.7M315.9M322.5M338.7M
Total Liab186.5M210.9M275.2M286.2M248.8M236.1M
Property Plant And Equipment Gross60.9M92.3M121.3M101.6M425.1M446.3M
Total Current Assets185.0M183.7M219.9M257.2M256.6M187.2M
Accumulated Other Comprehensive Income(16.3M)(15.8M)(15.4M)(17.8M)(16.8M)(17.7M)
Short Term Debt2.1M48.7M11.7M13.4M39.1M41.0M
Intangible Assets30.8M41.0M50.2M51.8M45.1M66.1M
Accounts Payable46.9M61.2M81.7M73.5M79.1M53.8M
Good Will66.8M79.3M88.8M95.2M95.4M90.6M
Common Stock Total Equity21.8M21.9M22.2M22.3M25.7M21.0M
Common Stock21.8M21.9M22.2M22.3M22.6M21.5M
Other Assets9.7M22.0M143.3M8.0M1.00.95
Long Term Debt77.2M37.6M90.9M94.0M32.0M30.4M
Property Plant Equipment55.0M74.0M92.0M101.6M91.4M116.2M
Current Deferred Revenue2.6M2.9M5.2M10.6M12.7M10.9M
Other Liab22.6M17.3M18.5M22.8M26.2M16.3M
Net Tangible Assets73.2M82.6M70.4M256.4M294.9M309.6M
Retained Earnings Total Equity(135.1M)(117.9M)(104.2M)(64.0M)(57.6M)(60.5M)
Long Term Debt Total77.2M37.6M100.4M102.9M92.6M82.9M
Capital Surpluse296.4M300.9M306.7M315.9M363.2M291.8M

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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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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.