MYR Short Long Term Debt Total vs Cash And Short Term Investments Analysis
| MYRG Stock | USD 157.84 2.99 1.93% |
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 Short Long Term Debt Total 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 MYR Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Short Long Term Debt Total vs Cash And Short Term Investments
Short Long Term Debt Total 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 MYR Group Short Long Term Debt Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between MYR's Short Long Term Debt Total and Cash And Short Term Investments is -0.27. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash And Short Term Investments 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 Short Long Term Debt Total 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 Short Long Term Debt Total of MYR Group 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 Short Long Term Debt Total i.e., MYR's Short Long Term Debt Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.27 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Short Long Term Debt Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of MYR Group balance sheet. This account contains MYR investments that will expire within one year. These investments include stocks and bonds that can be liquidated by MYR Group 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 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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, MYR's Selling General Administrative is most likely to increase significantly in the upcoming years. The MYR's current Enterprise Value is estimated to increase to about 2.3 B, while Tax Provision is projected to decrease to roughly 22.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.8M | 3.6M | 4.9M | 5.2M | Depreciation And Amortization | 42.7M | 58.7M | 59.1M | 62.1M |
MYR fundamental ratios Correlations
Click cells to compare fundamentals
MYR Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MYR fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.0B | 995.9M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Short Long Term Debt Total | 190.4M | 52.1M | 25.5M | 74.5M | 73.6M | 77.3M | |
| Other Current Liab | 83.1M | 111.1M | 121.1M | 108.7M | 129.1M | 135.6M | |
| Total Current Liabilities | 396.8M | 443.4M | 498.6M | 667.0M | 747.2M | 784.6M | |
| Total Stockholder Equity | 364.5M | 429.3M | 519.1M | 560.2M | 651.2M | 683.8M | |
| Property Plant And Equipment Net | 208.3M | 207.4M | 217.1M | 263.7M | 304.0M | 319.2M | |
| Net Debt | 178.0M | 29.4M | (56.6M) | 23.5M | 48.7M | 51.1M | |
| Retained Earnings | 212.2M | 270.5M | 355.0M | 404.9M | 492.5M | 517.2M | |
| Cash | 12.4M | 22.7M | 82.1M | 51.0M | 24.9M | 25.0M | |
| Non Current Assets Total | 368.7M | 359.2M | 372.7M | 508.6M | 586.3M | 615.6M | |
| Non Currrent Assets Other | 3.7M | 4.3M | 4.1M | (8.0M) | 5.6M | 5.9M | |
| Cash And Short Term Investments | 12.4M | 22.7M | 82.1M | 51.0M | 24.9M | 25.0M | |
| Net Receivables | 614.0M | 585.1M | 620.7M | 791.4M | 954.8M | 1.0B | |
| Common Stock Shares Outstanding | 16.7M | 16.9M | 17.2M | 17.0M | 16.8M | 15.7M | |
| Liabilities And Stockholders Equity | 1.0B | 995.9M | 1.1B | 1.4B | 1.6B | 1.7B | |
| Non Current Liabilities Total | 246.6M | 123.2M | 103.4M | 171.7M | 214.1M | 224.9M | |
| Other Current Assets | 12.8M | 28.9M | 887K | 47.8M | 46.5M | 48.9M | |
| Other Stockholder Equity | 152.5M | 158.6M | 163.8M | 161.4M | 162.4M | 129.8M | |
| Total Liab | 643.4M | 566.6M | 602.0M | 838.7M | 961.3M | 1.0B | |
| Property Plant And Equipment Gross | 208.3M | 207.4M | 539.2M | 615.5M | 684.5M | 718.7M | |
| Total Current Assets | 639.2M | 636.7M | 748.4M | 890.3M | 1.0B | 1.1B | |
| Accumulated Other Comprehensive Income | (446K) | 23K | 173K | (6.3M) | (3.9M) | (4.1M) | |
| Short Term Debt | 16.1M | 11.3M | 8.8M | 15.9M | 18.3M | 14.0M | |
| Accounts Payable | 192.1M | 162.6M | 200.7M | 315.3M | 359.4M | 377.3M | |
| Intangible Assets | 54.9M | 51.4M | 49.1M | 87.6M | 83.5M | 87.7M | |
| Common Stock Total Equity | 163K | 165K | 166K | 167K | 150.3K | 152.8K | |
| Common Stock | 163K | 165K | 166K | 167K | 168K | 149.9K | |
| Good Will | 56.6M | 66.1M | 66.1M | 115.8M | 117.0M | 62.5M | |
| Other Liab | 72.3M | 82.4M | 86.7M | 113.1M | 130.0M | 136.5M | |
| Other Assets | 34.7M | 56.6M | 36.5M | 37.7M | 1.0 | 0.95 | |
| Property Plant Equipment | 185.3M | 207.4M | 217.1M | 263.7M | 303.3M | 154.9M | |
| Long Term Debt | 157.1M | 25.0M | 3.5M | 35.5M | 29.2M | 38.5M | |
| Net Tangible Assets | 243.5M | 311.9M | 404.0M | 356.8M | 410.3M | 285.6M | |
| Current Deferred Revenue | 105.5M | 158.4M | 167.9M | 227.1M | 240.4M | 252.4M | |
| Deferred Long Term Liab | 600K | 1.4M | 1.1M | 500K | 450K | 427.5K | |
| Non Current Liabilities Other | 3.3M | 18.6M | 11.3M | 16.0M | 25.0M | 26.3M | |
| Short Long Term Debt | 8.7M | 4.4M | 1.0M | 5.1M | 7.1M | 6.7M |
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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for MYR Stock analysis
When running MYR's price analysis, check to measure MYR's 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 MYR is operating at the current time. Most of MYR's value examination focuses on studying past and present price action to predict the probability of MYR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MYR's price. Additionally, you may evaluate how the addition of MYR to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is MYR's 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 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 (0.19) | Earnings Share 5.14 | Revenue Per Share 218.366 | Quarterly Revenue Growth 0.005 | Return On Assets 0.0516 |
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.