Myers Property Plant And Equipment Net vs Cash And Short Term Investments Analysis
MYE Stock | USD 17.19 0.77 4.29% |
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 Property Plant And Equipment Net and its Cash And Short Term Investments 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 tightly coupled 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.
Property Plant And Equipment Net vs Cash And Short Term Investments
Property Plant And Equipment Net vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Property Plant And Equipment Net account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Myers Industries' Property Plant And Equipment Net and Cash And Short Term Investments is -0.4. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Cash And Short Term Investments 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' Property Plant And Equipment Net and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Myers Industries are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Myers Industries' Property Plant And Equipment Net and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Myers Industries balance sheet. This account contains Myers Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Myers Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 tightly coupled 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' Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.2M | 5.7M | 6.3M | 7.2M | Depreciation And Amortization | 19.5M | 20.5M | 22.8M | 26.0M |
Myers Industries fundamental ratios Correlations
Click cells to compare fundamentals
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 | 124.5M | |
Other Current Liab | 31.1M | 33.8M | 39.8M | 46.9M | 47.1M | 32.8M | |
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 | 44.4M | 5.8M | 6.7M | 32.5M | 16.8M | |
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 | 6.5M | 10.6M | |
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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When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' industry 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 (0.74) | Dividend Share 0.54 | Earnings Share 1.06 | Revenue Per Share 21.841 | Quarterly Revenue Growth (0.04) |
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.