Mirion Historical Balance Sheet
MIR Stock | USD 16.28 0.18 1.09% |
Trend analysis of Mirion Technologies balance sheet accounts such as Accounts Payable of 29.4 M provides information on Mirion Technologies' total assets, liabilities, and equity, which is the actual value of Mirion Technologies to its prevalent stockholders. By breaking down trends over time using Mirion Technologies balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Mirion Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mirion Technologies is a good buy for the upcoming year.
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About Mirion Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Mirion Technologies at a specified time, usually calculated after every quarter, six months, or one year. Mirion Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mirion Technologies 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 Mirion currently owns. An asset can also be divided into two categories, current and non-current.
Mirion Technologies Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Mirion Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mirion Technologies 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.Accounts Payable
An accounting item on the balance sheet that represents Mirion Technologies 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 Mirion Technologies 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.Most accounts from Mirion Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mirion Technologies current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Mirion Stock, please use our How to Invest in Mirion Technologies guide.At this time, Mirion Technologies' Cash is relatively stable compared to the past year. As of 11/29/2024, Cash And Short Term Investments is likely to grow to about 140.8 M, while Other Liabilities is likely to drop slightly above 116.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 221M | 244.3M | 265.7M | 279.0M | Other Current Liabilities | 64.7M | 65.6M | 91.4M | 57.4M |
Mirion Technologies balance sheet Correlations
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Mirion Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mirion Technologies balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 636.0 | 375.1K | 64.7M | 65.6M | 91.4M | 57.4M | |
Total Current Liabilities | 636.0 | 1.3M | 221M | 244.3M | 265.7M | 279.0M | |
Other Liab | 119.9M | 142.3M | 265.6M | 191.3M | 220.0M | 116.3M | |
Net Tangible Assets | (1.5B) | (1.8B) | (776.3M) | (670.2M) | (603.2M) | (633.3M) | |
Retained Earnings | (636.0) | (1.0M) | (131.6M) | (408.5M) | (505.4M) | (480.1M) | |
Accounts Payable | 636.0 | 965.4K | 59.4M | 67.7M | 58.7M | 29.4M | |
Other Assets | (845M) | 16.7M | 24.5M | 24.8M | 22.3M | 23.4M | |
Other Current Assets | 19.5M | 599.2K | 27.2M | 33.4M | 30M | 23.9M | |
Other Stockholder Equity | (10.9M) | 6.0M | 1.8B | 1.9B | 2.1B | 2.2B | |
Property Plant Equipment | 75.2M | 88.8M | 169.7M | 164.9M | 189.6M | 199.1M | |
Common Stock Shares Outstanding | 20.1M | 57.0M | 208.1M | 181.1M | 196.4M | 133.8M | |
Total Stockholder Equity | 4.4K | 723.7M | 1.7B | (408.5M) | 1.5B | 1.6B | |
Net Debt | 1.5B | 1.7B | 776.6M | 776.1M | 592M | 709.0M | |
Non Current Assets Total | 845M | 750.3M | 2.7B | 2.2B | 2.2B | 1.6B | |
Non Current Liabilities Total | 1.5B | 26.3M | 1.1B | 801.5M | 902.8M | 789.9M | |
Total Liab | 636.0 | 27.6M | 1.3B | 1.3B | 1.2B | 697.0M | |
Net Invested Capital | 4.4K | 723.7M | 2.5B | 2.2B | 2.2B | 1.4B | |
Net Working Capital | 4.4K | (358.0K) | 232.5M | 236.3M | 272.9M | 286.5M |
Pair Trading with Mirion Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mirion Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mirion Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Mirion Stock
0.91 | B | Barnes Group | PairCorr |
0.69 | BW | Babcock Wilcox Enter | PairCorr |
0.79 | CR | Crane Company | PairCorr |
0.77 | IR | Ingersoll Rand | PairCorr |
Moving against Mirion Stock
0.72 | RR | Richtech Robotics Class | PairCorr |
0.7 | CVV | CVD Equipment | PairCorr |
0.68 | AOS | Smith AO | PairCorr |
0.64 | CYD | China Yuchai Interna | PairCorr |
The ability to find closely correlated positions to Mirion Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirion Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mirion Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mirion Technologies to buy it.
The correlation of Mirion Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mirion Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirion Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mirion Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Mirion Stock Analysis
When running Mirion Technologies' price analysis, check to measure Mirion Technologies' 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 Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.