Music Net Tangible Assets vs Retained Earnings Analysis

RADIOCITY

12.58 0.08 0.64%

Music Broadcast financial indicator trend analysis is infinitely more than just investigating Music Broadcast recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Music Broadcast is a good investment. Please check the relationship between Music Broadcast Net Tangible Assets and its Retained Earnings accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Music Broadcast Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Net Tangible Assets vs Retained Earnings

Net Tangible Assets vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Music Broadcast Net Tangible Assets account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Music Broadcast's Net Tangible Assets and Retained Earnings is 0.91. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Music Broadcast Limited, assuming nothing else is changed. The correlation between historical values of Music Broadcast's Net Tangible Assets and Retained Earnings 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 Tangible Assets of Music Broadcast Limited are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Tangible Assets i.e., Music Broadcast's Net Tangible Assets and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Music Broadcast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Music Broadcast 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Music Broadcast Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

The Music Broadcast's current Tax Provision is estimated to increase to about 87.6 M, while Selling General Administrative is projected to decrease to under 46.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	19.4M	39.1M	93.9M	66.9M
Depreciation And Amortization	327.5M	328.0M	334.3M	280.3M

Interest Expense Depreciation And Amortization

Music Broadcast fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		-0.49	0.58	0.06	0.95	0.79	0.41	-0.58	0.9	-0.32	0.21	0.88	-0.08	0.68	-0.26	-0.53	0.44	0.16	-0.42	0.68	-0.05	0.81	0.59	0.85	-0.54	-0.5
Short Long Term Debt Total	-0.49		-0.04	0.47	-0.73	-0.53	0.14	0.76	-0.64	0.61	0.2	-0.52	-0.21	-0.37	-0.41	0.95	-0.5	-0.04	0.99	-0.2	0.47	-0.73	0.06	-0.79	0.29	0.88
Other Current Liab	0.58	-0.04		0.09	0.46	0.4	-0.05	-0.07	0.42	0.02	0.05	0.7	0.23	0.05	-0.36	-0.01	-0.08	0.64	0.03	0.11	-0.08	0.4	0.35	0.36	-0.39	-0.04
Total Current Liabilities	0.06	0.47	0.09		-0.13	-0.13	0.71	0.0	-0.25	0.84	0.64	-0.06	0.07	0.34	-0.78	0.17	-0.36	0.17	0.56	0.21	0.97	-0.36	0.71	-0.36	0.24	0.07
Total Stockholder Equity	0.95	-0.73	0.46	-0.13		0.8	0.26	-0.71	0.92	-0.48	0.09	0.86	0.01	0.65	-0.06	-0.73	0.53	0.13	-0.67	0.61	-0.22	0.89	0.42	0.94	-0.51	-0.69
Property Plant And Equipment Net	0.79	-0.53	0.4	-0.13	0.8		0.25	-0.31	0.9	-0.35	-0.25	0.83	-0.34	0.41	-0.22	-0.5	0.59	-0.08	-0.48	0.33	-0.23	0.83	0.24	0.77	-0.6	-0.59
Current Deferred Revenue	0.41	0.14	-0.05	0.71	0.26	0.25		-0.14	0.25	0.31	0.4	0.13	-0.33	0.62	-0.47	-0.09	-0.09	-0.28	0.22	0.63	0.67	-0.01	0.7	0.07	-0.13	-0.11
Net Debt	-0.58	0.76	-0.07	0.0	-0.71	-0.31	-0.14		-0.49	0.31	-0.49	-0.45	-0.3	-0.7	-0.02	0.86	-0.38	-0.29	0.72	-0.49	-0.03	-0.6	-0.32	-0.67	0.09	0.76
Retained Earnings	0.9	-0.64	0.42	-0.25	0.92	0.9	0.25	-0.49		-0.56	-0.14	0.84	-0.27	0.52	0.01	-0.59	0.58	-0.04	-0.6	0.53	-0.36	0.9	0.28	0.91	-0.73	-0.56
Accounts Payable	-0.32	0.61	0.02	0.84	-0.48	-0.35	0.31	0.31	-0.56		0.36	-0.29	0.12	-0.08	-0.65	0.39	-0.37	0.14	0.68	-0.21	0.82	-0.58	0.44	-0.64	0.36	0.24
Cash	0.21	0.2	0.05	0.64	0.09	-0.25	0.4	-0.49	-0.14	0.36		-0.02	0.2	0.56	-0.54	-0.03	-0.09	0.37	0.25	0.46	0.68	-0.07	0.57	-0.05	0.3	0.04
Non Current Assets Total	0.88	-0.52	0.7	-0.06	0.86	0.83	0.13	-0.45	0.84	-0.29	-0.02		0.1	0.31	-0.25	-0.51	0.34	0.38	-0.46	0.25	-0.21	0.84	0.34	0.82	-0.57	-0.54
Non Currrent Assets Other	-0.08	-0.21	0.23	0.07	0.01	-0.34	-0.33	-0.3	-0.27	0.12	0.2	0.1		-0.14	0.07	-0.25	-0.43	0.63	-0.18	-0.3	0.07	-0.12	0.0	-0.02	0.38	-0.21
Cash And Short Term Investments	0.68	-0.37	0.05	0.34	0.65	0.41	0.62	-0.7	0.52	-0.08	0.56	0.31	-0.14		-0.27	-0.54	0.41	-0.12	-0.31	0.89	0.37	0.43	0.68	0.51	-0.19	-0.49
Common Stock Shares Outstanding	-0.26	-0.41	-0.36	-0.78	-0.06	-0.22	-0.47	-0.02	0.01	-0.65	-0.54	-0.25	0.07	-0.27		-0.21	0.04	-0.29	-0.5	-0.16	-0.73	0.06	-0.63	0.15	-0.21	-0.05
Non Current Liabilities Total	-0.53	0.95	-0.01	0.17	-0.73	-0.5	-0.09	0.86	-0.59	0.39	-0.03	-0.51	-0.25	-0.54	-0.21		-0.42	-0.09	0.91	-0.29	0.16	-0.65	-0.15	-0.73	0.21	0.96
Other Current Assets	0.44	-0.5	-0.08	-0.36	0.53	0.59	-0.09	-0.38	0.58	-0.37	-0.09	0.34	-0.43	0.41	0.04	-0.42		-0.38	-0.5	0.37	-0.36	0.6	0.16	0.55	-0.29	-0.43
Other Stockholder Equity	0.16	-0.04	0.64	0.17	0.13	-0.08	-0.28	-0.29	-0.04	0.14	0.37	0.38	0.63	-0.12	-0.29	-0.09	-0.38		-0.01	-0.27	0.1	0.17	0.03	0.1	0.04	-0.09
Total Liab	-0.42	0.99	0.03	0.56	-0.67	-0.48	0.22	0.72	-0.6	0.68	0.25	-0.46	-0.18	-0.31	-0.5	0.91	-0.5	-0.01		-0.15	0.54	-0.7	0.17	-0.76	0.27	0.83
Total Current Assets	0.68	-0.2	0.11	0.21	0.61	0.33	0.63	-0.49	0.53	-0.21	0.46	0.25	-0.3	0.89	-0.16	-0.29	0.37	-0.27	-0.15		0.21	0.35	0.66	0.46	-0.23	-0.19
Short Term Debt	-0.05	0.47	-0.08	0.97	-0.22	-0.23	0.67	-0.03	-0.36	0.82	0.68	-0.21	0.07	0.37	-0.73	0.16	-0.36	0.1	0.54	0.21		-0.42	0.62	-0.42	0.37	0.07
Common Stock	0.81	-0.73	0.4	-0.36	0.89	0.83	-0.01	-0.6	0.9	-0.58	-0.07	0.84	-0.12	0.43	0.06	-0.65	0.6	0.17	-0.7	0.35	-0.42		0.08	0.96	-0.65	-0.62
Other Liab	0.59	0.06	0.35	0.71	0.42	0.24	0.7	-0.32	0.28	0.44	0.57	0.34	0.0	0.68	-0.63	-0.15	0.16	0.03	0.17	0.66	0.62	0.08		0.14	-0.05	-0.18
Net Tangible Assets	0.85	-0.79	0.36	-0.36	0.94	0.77	0.07	-0.67	0.91	-0.64	-0.05	0.82	-0.02	0.51	0.15	-0.73	0.55	0.1	-0.76	0.46	-0.42	0.96	0.14		-0.61	-0.65
Other Assets	-0.54	0.29	-0.39	0.24	-0.51	-0.6	-0.13	0.09	-0.73	0.36	0.3	-0.57	0.38	-0.19	-0.21	0.21	-0.29	0.04	0.27	-0.23	0.37	-0.65	-0.05	-0.61		0.17
Long Term Debt	-0.5	0.88	-0.04	0.07	-0.69	-0.59	-0.11	0.76	-0.56	0.24	0.04	-0.54	-0.21	-0.49	-0.05	0.96	-0.43	-0.09	0.83	-0.19	0.07	-0.62	-0.18	-0.65	0.17

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Music Broadcast Account Relationship Matchups

Music Broadcast fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.9B	6.6B	6.5B	6.6B	6.8B	5.9B
Short Long Term Debt Total	221.2M	234.3M	194.5M	983.3M	1.1B	978.7M
Other Current Liab	33.3M	98.7M	54.2M	94.0M	169.5M	90.4M
Total Current Liabilities	339.3M	270.8M	351.3M	363.3M	436.7M	525.0M
Total Stockholder Equity	6.3B	6.1B	6.0B	5.2B	5.3B	4.1B
Property Plant And Equipment Net	949.3M	896.9M	823.3M	806.9M	870.8M	588.4M
Current Deferred Revenue	59.9M	52.9M	72.7M	40.3M	46.3M	84.5M
Net Debt	145.1M	135.4M	118.1M	919.0M	970.2M	686.0M
Retained Earnings	167.4M	(52.8M)	(114.5M)	(77.3M)	(7.9M)	(8.3M)
Accounts Payable	207.8M	121.6M	164.5M	173.3M	220.3M	188.8M
Cash	76.1M	98.9M	76.4M	64.3M	94.0M	89.3M
Non Current Assets Total	3.4B	3.6B	5.0B	5.1B	5.0B	3.4B
Non Currrent Assets Other	(1K)	231.4M	235.2M	413.9M	92.4M	87.7M
Cash And Short Term Investments	2.2B	1.9B	344.0M	604.0M	741.1M	1.1B
Liabilities And Stockholders Equity	6.9B	6.6B	6.5B	6.6B	6.8B	5.9B
Non Current Liabilities Total	220.5M	198.2M	153.4M	951.1M	1.1B	783.9M
Other Current Assets	1.3B	292.7M	425.4M	299.5M	325.6M	257.5M
Other Stockholder Equity	(824.6M)	(1.3B)	3.4B	3.3B	4.6B	3.0B
Total Liab	559.8M	469.1M	504.7M	1.3B	1.5B	1.3B
Total Current Assets	3.5B	2.9B	1.5B	1.5B	1.8B	2.4B
Accumulated Other Comprehensive Income	(149.2M)	(283.1M)	2.1B	1.4B	981.4M	1.0B
Short Term Debt	38.4M	48.9M	(12.8M)	15.5M	47.0M	44.6M
Other Liab	42.1M	37.6M	13.7M	18.8M	17.0M	24.9M
Net Tangible Assets	3.7B	4.2B	4.2B	4.3B	5.0B	2.7B
Other Assets	298.6M	408.8M	432.4M	211.4M	1.0	0.95
Long Term Debt	499.1M	156.3M	0.0	837.2M	916.0M	662.8M
Net Receivables	1.1B	772.7M	756.2M	658.7M	735.0M	705.0M
Short Term Investments	2.1B	1.8B	267.6M	539.7M	647.1M	846.0M
Intangible Assets	2.1B	1.9B	1.7B	1.5B	1.3B	1.9B
Property Plant Equipment	948.8M	896.1M	823.3M	806.9M	927.9M	574.5M
Long Term Debt Total	182.9M	184.6M	134.6M	927.6M	834.8M	876.6M
Inventory	(1.1B)	9.7M	133.1M	(148.0M)	160.8M	168.8M
Net Invested Capital	6.3B	6.1B	6.0B	6.1B	6.2B	5.0B
Net Working Capital	3.1B	2.6B	1.2B	1.1B	1.4B	1.6B

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Other Information on Investing in Music Stock

Balance Sheet is a snapshot of the financial position of Music Broadcast at a specified time, usually calculated after every quarter, six months, or one year. Music Broadcast Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Music Broadcast and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Music currently owns. An asset can also be divided into two categories, current and non-current.

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Music Net Tangible Assets vs Retained Earnings Analysis

Net Tangible Assets vs Retained Earnings

Net Tangible Assets vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Retained Earnings

Music Broadcast fundamental ratios Correlations

Music Broadcast Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Music Broadcast fundamental ratios Accounts

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Other Information on Investing in Music Stock

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Total Liab	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.97	Total Current Liabilities
Long Term Debt	+ 0.96	Non Current Liabilities Total
Net Tangible Assets	+ 0.96	Common Stock
Total Stockholder Equity	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Short Long Term Debt Total

Net Tangible Assets	- 0.79	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.78	Total Current Liabilities
Net Tangible Assets	- 0.76	Total Liab
Net Tangible Assets	- 0.73	Non Current Liabilities Total
Short Term Debt	- 0.73	Common Stock Shares Outstanding
Other Assets	- 0.73	Retained Earnings