Mister Total Current Liabilities vs Net Debt Analysis

MCW Stock  USD 7.88  0.17  2.20%   
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 Total Current Liabilities and its Net 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.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mister Car Wash Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mister Car's Total Current Liabilities and Net Debt is 0.96. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net 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 Total Current Liabilities and Net 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 Total Current Liabilities of Mister Car Wash are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Mister Car's Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Mister Car balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mister Car Wash are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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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-0.9-0.990.63-0.89-0.760.95-0.8-0.92-0.85-0.98-0.79-0.91-0.8-0.891.00.61-0.8-0.37-0.75-0.69-0.640.63-0.99-0.71-0.97
-0.79-0.690.86-0.78-0.810.72-0.87-0.76-0.84-0.72-0.85-0.76-0.15-0.80.60.61-0.15-0.78-0.88-0.81-0.910.96-0.7-0.77-0.7
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Mister Car Account Relationship Matchups

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When running Mister Car's price analysis, check to measure Mister Car'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 Mister Car is operating at the current time. Most of Mister Car's value examination focuses on studying past and present price action to predict the probability of Mister Car's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mister Car's price. Additionally, you may evaluate how the addition of Mister Car to your portfolios can decrease your overall portfolio volatility.