Metallurgical Other Liab vs Common Stock Analysis
601618 Stock | 3.45 0.02 0.58% |
Metallurgical financial indicator trend analysis is infinitely more than just investigating Metallurgical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metallurgical is a good investment. Please check the relationship between Metallurgical Other Liab and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Metallurgical of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Other Liab vs Common Stock
Other Liab vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metallurgical Other Liab account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Metallurgical's Other Liab and Common Stock is 0.83. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Common Stock in the same time period over historical financial statements of Metallurgical of, assuming nothing else is changed. The correlation between historical values of Metallurgical's Other Liab and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Metallurgical of are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Other Liab i.e., Metallurgical's Other Liab and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Liab
Common Stock
Most indicators from Metallurgical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metallurgical 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Metallurgical of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At present, Metallurgical's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 2.5 B, whereas Issuance Of Capital Stock is forecasted to decline to about 5.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 53.1B | 57.2B | 61.4B | 46.5B | Total Revenue | 500.6B | 592.7B | 633.9B | 420.0B |
Metallurgical fundamental ratios Correlations
Click cells to compare fundamentals
Metallurgical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Metallurgical fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 458.5B | 506.4B | 543.5B | 585.4B | 661.6B | 529.2B | |
Other Current Liab | 174.6B | 206.1B | 223.2B | 19.1B | 27.0B | 25.6B | |
Total Current Liabilities | 305.9B | 331.8B | 358.9B | 385.8B | 448.8B | 354.4B | |
Total Stockholder Equity | 97.9B | 97.9B | 107.5B | 121.1B | 145.5B | 106.0B | |
Other Liab | 6.9B | 6.5B | 7.6B | 7.3B | 8.4B | 7.4B | |
Net Tangible Assets | 67.6B | 82.0B | 80.2B | 86.6B | 99.5B | 76.2B | |
Retained Earnings | 28.9B | 34.5B | 40.6B | 45.1B | 49.9B | 33.7B | |
Accounts Payable | 64.2B | 69.2B | 83.5B | 224.3B | 272.1B | 285.7B | |
Cash | 43.7B | 53.1B | 41.8B | 45.5B | 44.4B | 48.3B | |
Other Assets | 36.1B | 37.4B | 44.3B | 57.5B | 66.1B | 37.4B | |
Long Term Debt | 28.9B | 26.4B | 25.6B | 30.1B | 37.5B | 33.4B | |
Net Receivables | 214.0B | 69.4B | 83.9B | 93.4B | 130.0B | 104.4B | |
Good Will | 161.5M | 160.9M | 55.9M | 54.3M | 50.1M | 47.6M | |
Inventory | 60.6B | 60.6B | 61.8B | 79.9B | 80.1B | 67.2B | |
Other Current Assets | 27.0B | 36.6B | 48.3B | 12.4B | 17.5B | 26.3B | |
Other Stockholder Equity | 15.7B | 25.9B | 20.2B | 23.5B | 27.0B | 19.4B | |
Total Liab | 341.6B | 366.0B | 392.1B | 423.5B | 493.6B | 395.7B | |
Deferred Long Term Liab | 269.7M | 265.9M | 295.6M | 293.8M | 337.9M | 294.6M | |
Short Long Term Debt | 40.5B | 29.3B | 21.4B | 20.2B | 28.2B | 25.7B | |
Total Current Assets | 347.4B | 389.3B | 412.3B | 438.2B | 484.1B | 404.7B | |
Intangible Assets | 15.8B | 17.5B | 20.9B | 22.0B | 22.8B | 19.5B | |
Property Plant Equipment | 30.8B | 31.1B | 30.1B | 30.1B | 27.1B | 25.3B | |
Non Current Assets Total | 111.1B | 117.1B | 131.2B | 147.2B | 177.5B | 130.7B | |
Non Currrent Assets Other | 171.3M | 201.7M | 240.4M | 7.1B | 14.7B | 15.5B | |
Short Term Investments | 2.2B | 2.3B | 1.1M | 178.0M | 2.0M | 1.9M | |
Non Current Liabilities Total | 35.7B | 34.2B | 33.2B | 37.6B | 44.8B | 41.3B | |
Non Current Liabilities Other | 832.5M | 791.9M | 1.9B | 2.2B | 2.2B | 1.3B | |
Net Debt | 25.7B | 2.6B | 5.1B | 4.8B | 21.2B | 13.9B | |
Net Invested Capital | 167.3B | 153.6B | 154.4B | 171.4B | 211.2B | 184.6B | |
Net Working Capital | 41.5B | 57.5B | 53.4B | 52.4B | 35.3B | 51.0B |
Currently Active Assets on Macroaxis
Other Information on Investing in Metallurgical Stock
Balance Sheet is a snapshot of the financial position of Metallurgical at a specified time, usually calculated after every quarter, six months, or one year. Metallurgical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Metallurgical 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 Metallurgical currently owns. An asset can also be divided into two categories, current and non-current.