Meta Short Term Investments vs Total Assets Analysis
CASH Stock | USD 84.29 1.39 1.68% |
Meta Financial financial indicator trend analysis is infinitely more than just investigating Meta Financial Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meta Financial Group is a good investment. Please check the relationship between Meta Financial Short Term Investments and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Meta Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Short Term Investments vs Total Assets
Short Term Investments vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meta Financial Group Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Meta Financial's Short Term Investments and Total Assets is 0.88. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of Meta Financial Group, assuming nothing else is changed. The correlation between historical values of Meta Financial's Short Term Investments and Total Assets 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 Term Investments of Meta Financial Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Meta Financial's Short Term Investments and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Term Investments
Short Term Investments is an item under the current assets section of Meta Financial balance sheet. It contains any investments Meta Financial Group undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Meta Financial Group can easily liquidate in the marketplace.Total Assets
Total assets refers to the total amount of Meta Financial 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 Meta Financial Group 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.Most indicators from Meta Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meta Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Meta Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. As of now, Meta Financial's Enterprise Value Multiple is decreasing as compared to previous years. The Meta Financial's current Enterprise Value is estimated to increase to about 2.2 B, while Tax Provision is projected to decrease to under 9.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.9M | 10.9M | 8.2M | 12.1M | Depreciation And Amortization | 53.5M | 50.7M | 45.9M | 48.2M |
Meta Financial fundamental ratios Correlations
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Meta Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Meta Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.1B | 6.7B | 6.7B | 7.5B | 7.5B | 7.9B | |
Short Long Term Debt Total | 107.4M | 97.9M | 40.6M | 46.9M | 410.4M | 278.0M | |
Total Current Liabilities | 1.9M | 579K | 5.8B | 13M | 377M | 396.0M | |
Total Stockholder Equity | 843.7M | 870.7M | 645.2M | 651.6M | 839.9M | 881.9M | |
Property Plant And Equipment Net | 247.6M | 258.0M | 246.1M | 250.9M | 244.4M | 256.6M | |
Net Debt | (329.1M) | (221.2M) | (352.0M) | (328.7M) | 410.4M | 430.9M | |
Retained Earnings | 234.9M | 259.2M | 245.4M | 278.7M | 354.5M | 372.2M | |
Accounts Payable | 9.4M | 1.9M | 579K | 5.9B | 6.7B | 7.1B | |
Cash | 427.4M | 314.0M | 388.0M | 375.6M | 431.9M | 453.5M | |
Non Current Assets Total | 2.0B | 2.5B | 2.5B | 2.4B | 7.4B | 7.7B | |
Non Currrent Assets Other | (74.7M) | (92.5M) | (2.5B) | (2.4B) | 6.1B | 6.4B | |
Other Assets | 2.9B | 3.0B | 1.7B | 2.7B | 3.1B | 2.1B | |
Cash And Short Term Investments | 1.2B | 1.2B | 2.3B | 2.2B | 2.5B | 2.6B | |
Net Receivables | 16.6M | 16.3M | 228.7M | 206.7M | 237.7M | 249.6M | |
Common Stock Shares Outstanding | 35.7M | 31.8M | 29.2M | 26.9M | 25.2M | 17.0M | |
Liabilities And Stockholders Equity | 6.1B | 6.7B | 6.7B | 7.5B | 7.5B | 7.9B | |
Other Stockholder Equity | 590.9M | 603.6M | 612.6M | 628.2M | 638.6M | 670.5M | |
Total Liab | 5.2B | 5.8B | 6.1B | 6.9B | 6.7B | 7.0B | |
Property Plant And Equipment Gross | 247.6M | 258.0M | 246.1M | 250.9M | 288.5M | 303.0M | |
Total Current Assets | 1.3B | 1.2B | 2.5B | 2.4B | 189.7M | 180.2M | |
Short Term Debt | 9.2M | 5.1M | 4.5M | 13M | 377M | 219.1M | |
Other Current Liab | (1.9M) | (579K) | 5.8B | (13M) | (15.0M) | (14.2M) | |
Non Current Liabilities Total | 98.2M | 92.8M | 6.1B | 33.9M | 6.3B | 6.6B | |
Other Current Assets | 462.3M | 342.9M | 406.0M | 398.9M | 189.7M | 180.2M | |
Accumulated Other Comprehensive Income | 17.5M | 7.6M | (213.1M) | (255.4M) | (153.4M) | (145.7M) | |
Long Term Debt | 98.2M | 92.8M | 36.0M | 33.9M | 30.5M | 58.9M | |
Common Stock Total Equity | 378K | 344K | 317K | 288K | 331.2K | 347.8K | |
Short Term Investments | 814.5M | 847.9M | 1.9B | 1.8B | 2.1B | 2.2B | |
Inventory | (462.3M) | (342.9M) | (406.0M) | (398.9M) | (359.0M) | (341.0M) | |
Treasury Stock | (2.0M) | (445K) | (3.7M) | (860K) | (989K) | (1.0M) | |
Intangible Assets | 41.7M | 33.1M | 25.7M | 20.7M | 23.8M | 18.4M | |
Common Stock | 344K | 317K | 288K | 262K | 248K | 260.4K | |
Property Plant Equipment | 254.5M | 257.5M | 258.0M | 246.1M | 283.0M | 297.1M | |
Net Tangible Assets | 477.6M | 492.5M | 528.1M | 310.0M | 356.5M | 332.7M | |
Long Term Debt Total | 105.8M | 98.2M | 92.8M | 36.0M | 41.4M | 64.3M | |
Capital Surpluse | 580.8M | 594.6M | 604.5M | 617.4M | 710.0M | 378.3M |
Currently Active Assets on Macroaxis
When determining whether Meta Financial Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meta Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Meta Financial Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meta Financial Group Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Meta Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Regional Banks 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 Meta Financial. If investors know Meta 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 Meta Financial 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 (0.01) | Earnings Share 6.62 | Revenue Per Share 28.289 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0225 |
The market value of Meta Financial Group is measured differently than its book value, which is the value of Meta that is recorded on the company's balance sheet. Investors also form their own opinion of Meta Financial's value that differs from its market value or its book value, called intrinsic value, which is Meta Financial'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 Meta Financial's market value can be influenced by many factors that don't directly affect Meta Financial'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 Meta Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meta Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meta Financial'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.