Monro Historical Balance Sheet
MNRO Stock | USD 28.21 0.48 1.73% |
Trend analysis of Monro Muffler Brake balance sheet accounts such as Total Current Liabilities of 477.9 M provides information on Monro Muffler's total assets, liabilities, and equity, which is the actual value of Monro Muffler Brake to its prevalent stockholders. By breaking down trends over time using Monro Muffler balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Monro Muffler Brake latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Monro Muffler Brake is a good buy for the upcoming year.
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About Monro Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Monro Muffler Brake at a specified time, usually calculated after every quarter, six months, or one year. Monro Muffler Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Monro Muffler 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 Monro currently owns. An asset can also be divided into two categories, current and non-current.
Monro Muffler Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Monro Muffler assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Monro Muffler Brake books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Monro Muffler balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Monro Muffler Brake are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Monro Muffler's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Monro Muffler Brake current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Monro Muffler Brake. 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, Monro Muffler's Accounts Payable is very stable compared to the past year. As of the 28th of November 2024, Non Current Assets Total is likely to grow to about 1.5 B, while Other Current Liabilities is likely to drop about 20.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 803.4M | 591.4M | 611.0M | 641.6M | Total Assets | 1.9B | 1.8B | 1.7B | 1.8B |
Monro Muffler balance sheet Correlations
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Monro Muffler Account Relationship Matchups
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Monro Muffler balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 1.8B | 1.9B | 1.8B | 1.7B | 1.8B | |
Short Long Term Debt Total | 1.0B | 734.1M | 803.4M | 591.4M | 611.0M | 641.6M | |
Other Current Liab | 79.9M | 27.8M | 19.3M | 16.5M | 31.8M | 20.1M | |
Total Current Liabilities | 254.9M | 290.6M | 322.0M | 449.2M | 455.2M | 477.9M | |
Total Stockholder Equity | 734.4M | 749.7M | 782.9M | 694.9M | 656.8M | 336.4M | |
Property Plant And Equipment Net | 724.9M | 805.8M | 797.2M | 733.3M | 663.7M | 696.9M | |
Net Debt | 690.3M | 704.1M | 795.4M | 586.5M | 604.5M | 634.7M | |
Retained Earnings | 619.9M | 624.4M | 651.1M | 653.6M | 655.4M | 688.2M | |
Accounts Payable | 99.5M | 112.4M | 132.0M | 261.7M | 251.9M | 264.5M | |
Cash | 345.5M | 30.0M | 7.9M | 4.9M | 6.6M | 6.2M | |
Non Current Assets Total | 1.5B | 1.5B | 1.6B | 1.5B | 1.4B | 1.5B | |
Non Currrent Assets Other | 728.5M | 739.5M | 20.2M | 29.4M | 26.1M | 24.8M | |
Cash And Short Term Investments | 345.5M | 30.0M | 7.9M | 4.9M | 6.6M | 6.2M | |
Net Receivables | 38.8M | 41.2M | 32.7M | 13.3M | 41.1M | 43.1M | |
Common Stock Shares Outstanding | 34.0M | 33.9M | 34.0M | 32.7M | 31.9M | 35.1M | |
Liabilities And Stockholders Equity | 2.0B | 1.8B | 1.9B | 1.8B | 1.7B | 1.8B | |
Non Current Liabilities Total | 1.1B | 771.5M | 766.5M | 632.8M | 580.9M | 609.9M | |
Inventory | 187.4M | 162.3M | 166.3M | 147.4M | 154.1M | 92.2M | |
Other Current Assets | 63.1M | 33.0M | 38.6M | 92.9M | 51.6M | 27.1M | |
Other Stockholder Equity | 121.0M | 129.5M | 135.8M | 45.1M | 4.4M | 4.2M | |
Total Liab | 1.3B | 1.1B | 1.1B | 1.1B | 1.0B | 1.1B | |
Property Plant And Equipment Gross | 724.9M | 805.8M | 797.2M | 733.3M | 1.1B | 1.2B | |
Total Current Assets | 596.0M | 266.5M | 245.5M | 258.5M | 253.3M | 143.0M | |
Accumulated Other Comprehensive Income | (6.9M) | (4.6M) | (4.5M) | (4.1M) | (3.5M) | (3.6M) | |
Short Term Debt | 62.4M | 137.4M | 153.6M | 155.0M | 155.4M | 163.1M | |
Common Stock | 396K | 398K | 399K | 400K | 460K | 483K | |
Other Liab | 18.6M | 24.4M | 37.5M | 40.0M | 46.0M | 48.3M | |
Other Assets | 15.2M | 26.9M | 739.5M | 828.7M | 953.0M | 1.0B | |
Long Term Debt | 566.4M | 190M | 176.5M | 105M | 102M | 126.9M | |
Good Will | 671.8M | 689.5M | 776.7M | 736.5M | 736.4M | 773.3M | |
Common Stock Total Equity | 395K | 396K | 398K | 399K | 460K | 298.6K | |
Intangible Assets | 29.8M | 26.1M | 26.7M | 16.6M | 13.3M | 12.6M | |
Property Plant Equipment | 328.6M | 327.1M | 797.2M | 305.0M | 350.7M | 294.4M | |
Current Deferred Revenue | 13.1M | 12.0M | 14.2M | 15.4M | 15.2M | 14.4M | |
Net Tangible Assets | 32.8M | 34.1M | 782.9M | (58.1M) | (66.8M) | (63.5M) | |
Retained Earnings Total Equity | 619.9M | 624.4M | 651.1M | 653.6M | 751.6M | 554.0M | |
Long Term Debt Total | 566.4M | 190M | 176.5M | 105M | 120.8M | 114.7M | |
Capital Surpluse | 229.8M | 238.2M | 244.6M | 250.7M | 288.3M | 212.2M |
Pair Trading with Monro Muffler
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Monro Muffler position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Monro Muffler will appreciate offsetting losses from the drop in the long position's value.Moving together with Monro Stock
0.64 | HD | Home Depot Sell-off Trend | PairCorr |
0.69 | WEYS | Weyco Group | PairCorr |
0.65 | ABG | Asbury Automotive | PairCorr |
Moving against Monro Stock
0.5 | BGI | Birks Group | PairCorr |
0.43 | NEGG | Newegg Commerce | PairCorr |
0.35 | HVT | Haverty Furniture | PairCorr |
0.33 | YJ | Yunji Inc | PairCorr |
The ability to find closely correlated positions to Monro Muffler could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Monro Muffler when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Monro Muffler - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Monro Muffler Brake to buy it.
The correlation of Monro Muffler is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monro Muffler moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monro Muffler Brake moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Monro Muffler can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monro Muffler Brake. 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Automotive Retail 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 Monro Muffler. If investors know Monro 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 Monro Muffler 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 (0.56) | Dividend Share 1.12 | Earnings Share 0.87 | Revenue Per Share 40.538 | Quarterly Revenue Growth (0.06) |
The market value of Monro Muffler Brake is measured differently than its book value, which is the value of Monro that is recorded on the company's balance sheet. Investors also form their own opinion of Monro Muffler's value that differs from its market value or its book value, called intrinsic value, which is Monro Muffler'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 Monro Muffler's market value can be influenced by many factors that don't directly affect Monro Muffler'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 Monro Muffler's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monro Muffler is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monro Muffler'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.