MYR Net Debt vs Long Term Debt Analysis

MYRG Stock  USD 157.77  1.00  0.63%   
MYR financial indicator trend analysis is infinitely more than just investigating MYR Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MYR Group is a good investment. Please check the relationship between MYR Net Debt and its Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR 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 metropolitan statistical area.

Net Debt vs Long Term Debt

Net Debt vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MYR Group Net Debt account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MYR's Net Debt and Long Term Debt is 0.93. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of MYR Group, assuming nothing else is changed. The correlation between historical values of MYR's Net Debt 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 Net Debt of MYR Group 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 Net Debt i.e., MYR's Net Debt and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Long Term Debt

Long-term debt is a debt that MYR Group has held for over one year. Long-term debt appears on MYR 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 MYR 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.
Most indicators from MYR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MYR 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 MYR 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 metropolitan statistical area.
At this time, MYR's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
 2021 2022 2023 2024 (projected)
Interest Expense1.8M3.6M4.9M5.2M
Depreciation And Amortization46.2M58.2M59.1M62.1M

MYR fundamental ratios Correlations

0.340.870.990.970.980.350.980.081.00.640.080.99-0.740.850.440.75-0.110.990.941.0-0.10.980.97-0.020.02
0.340.340.260.260.380.730.21-0.270.370.1-0.270.39-0.430.66-0.14-0.190.030.380.10.330.030.290.330.140.15
0.870.340.850.820.830.490.84-0.060.850.53-0.060.9-0.90.850.470.59-0.360.890.790.88-0.440.830.84-0.24-0.21
0.990.260.850.960.960.30.980.090.990.650.090.98-0.70.810.470.79-0.140.990.960.99-0.10.990.98-0.06-0.02
0.970.260.820.960.980.170.980.240.980.640.240.95-0.630.730.50.740.040.930.940.970.020.940.90.130.17
0.980.380.830.960.980.290.950.150.990.630.150.96-0.670.790.480.70.030.950.90.97-0.010.940.910.160.2
0.350.730.490.30.170.290.19-0.740.350.22-0.740.44-0.720.77-0.160.02-0.520.440.120.35-0.540.370.4-0.36-0.35
0.980.210.840.980.980.950.190.180.970.680.180.96-0.650.750.520.75-0.110.950.970.98-0.060.960.94-0.05-0.01
0.08-0.27-0.060.090.240.15-0.740.180.09-0.181.0-0.020.35-0.30.240.210.64-0.010.220.080.510.00.010.50.49
1.00.370.850.990.980.990.350.970.090.620.090.98-0.710.840.440.74-0.070.980.930.99-0.070.980.960.050.09
0.640.10.530.650.640.630.220.68-0.180.62-0.180.66-0.410.540.390.47-0.170.620.650.65-0.140.680.56-0.18-0.12
0.08-0.27-0.060.090.240.15-0.740.181.00.09-0.18-0.020.35-0.30.240.210.64-0.010.220.080.510.00.010.50.49
0.990.390.90.980.950.960.440.96-0.020.980.66-0.02-0.80.890.420.7-0.20.990.920.99-0.170.970.97-0.1-0.06
-0.74-0.43-0.9-0.7-0.63-0.67-0.72-0.650.35-0.71-0.410.35-0.8-0.88-0.21-0.440.5-0.78-0.59-0.750.59-0.71-0.720.330.31
0.850.660.850.810.730.790.770.75-0.30.840.54-0.30.89-0.880.160.48-0.330.890.690.85-0.370.840.85-0.23-0.19
0.44-0.140.470.470.50.48-0.160.520.240.440.390.240.42-0.210.160.37-0.190.40.60.44-0.040.450.37-0.07-0.04
0.75-0.190.590.790.740.70.020.750.210.740.470.210.7-0.440.480.37-0.10.740.810.75-0.220.790.76-0.020.01
-0.110.03-0.36-0.140.040.03-0.52-0.110.64-0.07-0.170.64-0.20.5-0.33-0.19-0.1-0.19-0.13-0.130.75-0.17-0.220.880.88
0.990.380.890.990.930.950.440.95-0.010.980.62-0.010.99-0.780.890.40.74-0.190.920.99-0.180.980.98-0.1-0.06
0.940.10.790.960.940.90.120.970.220.930.650.220.92-0.590.690.60.81-0.130.920.94-0.070.950.91-0.08-0.04
1.00.330.880.990.970.970.350.980.080.990.650.080.99-0.750.850.440.75-0.130.990.94-0.120.980.97-0.05-0.01
-0.10.03-0.44-0.10.02-0.01-0.54-0.060.51-0.07-0.140.51-0.170.59-0.37-0.04-0.220.75-0.18-0.07-0.12-0.15-0.150.650.65
0.980.290.830.990.940.940.370.960.00.980.680.00.97-0.710.840.450.79-0.170.980.950.98-0.150.97-0.08-0.04
0.970.330.840.980.90.910.40.940.010.960.560.010.97-0.720.850.370.76-0.220.980.910.97-0.150.97-0.15-0.12
-0.020.14-0.24-0.060.130.16-0.36-0.050.50.05-0.180.5-0.10.33-0.23-0.07-0.020.88-0.1-0.08-0.050.65-0.08-0.150.99
0.020.15-0.21-0.020.170.2-0.35-0.010.490.09-0.120.49-0.060.31-0.19-0.040.010.88-0.06-0.04-0.010.65-0.04-0.120.99
Click cells to compare fundamentals

MYR Account Relationship Matchups

MYR fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.0B995.9M1.1B1.4B1.6B1.7B
Short Long Term Debt Total190.4M52.1M25.5M74.5M73.6M77.3M
Other Current Liab83.1M86.1M106.7M91.3M115.0M120.7M
Total Current Liabilities396.8M443.4M498.6M667.0M747.2M784.6M
Total Stockholder Equity364.5M429.3M519.1M560.2M651.2M683.8M
Property Plant And Equipment Net208.3M207.4M217.1M263.7M304.0M319.2M
Net Debt178.0M29.4M(56.6M)23.5M48.7M51.1M
Retained Earnings212.2M270.5M355.0M404.9M492.5M517.2M
Cash12.4M22.7M82.1M51.0M24.9M25.0M
Non Current Assets Total368.7M359.2M372.7M508.6M552.5M580.1M
Non Currrent Assets Other3.7M4.3M4.1M(8.0M)39.3M41.3M
Cash And Short Term Investments12.4M22.7M82.1M51.0M24.9M25.0M
Net Receivables614.0M585.1M620.7M791.4M954.8M1.0B
Common Stock Shares Outstanding16.7M16.9M17.2M17.0M16.8M15.7M
Liabilities And Stockholders Equity1.0B995.9M1.1B1.4B1.6B1.7B
Non Current Liabilities Total246.6M123.2M103.4M171.7M214.1M224.9M
Other Current Assets12.8M28.9M45.6M47.8M46.5M48.9M
Other Stockholder Equity152.5M158.6M163.8M161.4M162.4M129.8M
Total Liab643.4M566.6M602.0M838.7M927.5M973.9M
Property Plant And Equipment Gross208.3M207.4M539.2M615.5M684.5M718.7M
Total Current Assets639.2M636.7M748.4M890.3M1.0B1.1B
Accumulated Other Comprehensive Income(446K)23K173K(6.3M)(3.9M)(4.1M)
Short Term Debt16.1M18.2M16.6M26.8M18.3M15.0M
Accounts Payable192.1M162.6M200.7M315.3M359.4M377.3M
Intangible Assets54.9M51.4M49.1M87.6M83.5M87.7M
Common Stock Total Equity163K165K166K167K150.3K152.8K
Common Stock163K165K166K167K168K149.9K
Good Will56.6M66.1M66.1M115.8M117.0M62.5M
Other Liab72.3M82.4M86.7M113.1M130.0M136.5M
Other Assets34.7M56.6M36.5M37.7M33.8M35.5M
Property Plant Equipment185.3M207.4M217.1M263.7M303.3M154.9M
Long Term Debt157.1M25.0M3.5M35.5M29.2M38.5M
Net Tangible Assets243.5M311.9M404.0M356.8M410.3M285.6M
Current Deferred Revenue105.5M158.4M167.9M227.1M240.4M252.4M
Deferred Long Term Liab600K1.4M1.1M500K450K427.5K
Non Current Liabilities Other3.3M18.6M11.3M16.0M25.0M26.3M
Short Long Term Debt8.7M4.4M1.0M5.1M7.1M6.7M

Currently Active Assets on Macroaxis

When determining whether MYR Group is a strong investment it is important to analyze MYR's 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 MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR 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 metropolitan statistical area.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Construction & Engineering 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 MYR. If investors know MYR 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 MYR 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
(0.49)
Earnings Share
2.27
Revenue Per Share
212.925
Quarterly Revenue Growth
(0.06)
Return On Assets
0.022
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR's 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 MYR's market value can be influenced by many factors that don't directly affect MYR's 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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR's 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.