Mister Accounts Payable vs Short Term Debt Analysis

MCW Stock  USD 8.00  0.12  1.52%   
Mister Car financial indicator trend analysis is infinitely more than just investigating Mister Car Wash recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mister Car Wash is a good investment. Please check the relationship between Mister Car Accounts Payable and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Accounts Payable vs Short Term Debt

Accounts Payable vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Accounts Payable account and Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mister Car's Accounts Payable and Short Term Debt is 0.97. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Mister Car Wash, assuming nothing else is changed. The correlation between historical values of Mister Car's Accounts Payable and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Mister Car Wash are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accounts Payable i.e., Mister Car's Accounts Payable and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Mister Car obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mister Car Wash are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Short Term Debt

Most indicators from Mister Car's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mister Car Wash 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 Mister Car Wash. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Mister Car's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 177.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 16.98 in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses786.1M689.7M748.9M714.5M
Gross Profit493.2M608.0M647.7M553.4M

Mister Car fundamental ratios Correlations

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Mister Car Account Relationship Matchups

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