Myers Total Current Assets vs Cash 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 Total Current Assets and its Cash 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.
Total Current Assets vs Cash
Total Current Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myers Industries Total Current Assets account and Cash. At this time, the significance of the direction appears to have no relationship.
The correlation between Myers Industries' Total Current Assets and Cash is 0.03. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash 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' Total Current Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Myers Industries are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Myers Industries' Total Current Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Cash
Cash refers to the most liquid asset of Myers Industries, which is listed under current asset account on Myers Industries balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Myers Industries customers. The amounts must be unrestricted with restricted cash listed in a different Myers Industries account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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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Try AI Portfolio ArchitectCheck 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.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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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.