| MEGASTAR | | | 219.50 4.65 2.07% |
Megastar Foods financial indicator trend analysis is infinitely more than just investigating Megastar Foods recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Megastar Foods is a good investment. Please check the relationship between Megastar Foods Long Term Debt and its Property Plant And Equipment Net accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Megastar Foods Limited. 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.
Long Term Debt vs Property Plant And Equipment Net
Long Term Debt vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Megastar Foods Long Term Debt account and
Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Megastar Foods' Long Term Debt and Property Plant And Equipment Net is 0.96. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Megastar Foods Limited, assuming nothing else is changed. The correlation between historical values of Megastar Foods' Long Term Debt and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Megastar Foods Limited are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Long Term Debt i.e., Megastar Foods' Long Term Debt and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Debt
Long-term debt is a debt that Megastar Foods has held for over one year. Long-term debt appears on Megastar Foods Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Megastar Foods Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Megastar Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Megastar Foods 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 Megastar Foods Limited. 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.
The current year's
Selling General Administrative is expected to grow to about 78.2
M. The current year's
Tax Provision is expected to grow to about 20.5
MMegastar Foods fundamental ratios Correlations
Click cells to compare fundamentals
Megastar Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Megastar Foods fundamental ratios Accounts
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Other Information on Investing in Megastar Stock
Balance Sheet is a snapshot of the
financial position of Megastar Foods at a specified time, usually calculated after every quarter, six months, or one year. Megastar Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Megastar Foods 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 Megastar currently owns. An asset can also be divided into two categories, current and non-current.