MIRC Net Borrowings vs Change To Netincome Analysis

MIRCELECTR

19.93 0.43 2.21%

MIRC Electronics financial indicator trend analysis is infinitely more than just investigating MIRC Electronics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MIRC Electronics is a good investment. Please check the relationship between MIRC Electronics Net Borrowings and its Change To Netincome accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MIRC Electronics 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 income.

Net Borrowings vs Change To Netincome

Net Borrowings vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MIRC Electronics Net Borrowings account and Change To Netincome. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MIRC Electronics' Net Borrowings and Change To Netincome is -0.37. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of MIRC Electronics Limited, assuming nothing else is changed. The correlation between historical values of MIRC Electronics' Net Borrowings and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of MIRC Electronics Limited are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Borrowings i.e., MIRC Electronics' Net Borrowings and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change To Netincome

Most indicators from MIRC Electronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MIRC Electronics 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 MIRC Electronics 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 income.

As of November 26, 2024, Selling General Administrative is expected to decline to about 48.7 M

	2021	2022	2023	2024 (projected)
Interest Expense	119.3M	109M	150.5M	161.2M
Depreciation And Amortization	77.7M	90.4M	79.8M	117.9M

Interest Expense Depreciation And Amortization

MIRC Electronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Short Term Investments	Intangible Assets	Current Deferred Revenue	Retained Earnings
Total Assets		0.01	0.67	0.66	0.18	0.56	-0.07	0.62	0.62	-0.04	0.5	0.51	-0.57	0.13	0.44	0.01	-0.12	0.88	0.92	0.28	-0.64	0.5	-0.09	-0.51	-0.38	0.58
Short Long Term Debt Total	0.01		-0.11	0.29	-0.71	0.37	0.99	0.32	0.33	0.0	0.29	0.18	-0.49	0.02	-0.38	-0.16	-0.15	0.35	-0.15	0.9	-0.38	-0.31	-0.29	-0.33	-0.31	-0.01
Other Current Liab	0.67	-0.11		0.44	0.14	0.67	-0.23	0.8	0.8	-0.04	0.79	0.46	-0.68	0.11	-0.12	-0.31	-0.29	0.58	0.42	0.22	-0.79	-0.03	-0.44	-0.5	-0.47	0.7
Total Current Liabilities	0.66	0.29	0.44		-0.45	0.17	0.22	0.53	0.32	0.17	0.57	0.37	-0.42	-0.49	0.33	-0.09	-0.62	0.86	0.65	0.47	-0.43	0.18	-0.09	-0.54	-0.35	0.03
Total Stockholder Equity	0.18	-0.71	0.14	-0.45		0.06	-0.71	-0.1	0.02	-0.23	-0.27	-0.22	0.09	0.32	0.28	0.39	0.44	-0.31	0.21	-0.65	0.09	0.25	0.24	0.36	0.18	0.45
Property Plant And Equipment Net	0.56	0.37	0.67	0.17	0.06		0.28	0.74	0.92	-0.04	0.66	0.47	-0.91	0.59	-0.27	-0.36	0.12	0.5	0.22	0.61	-0.93	0.01	-0.56	-0.52	-0.56	0.73
Net Debt	-0.07	0.99	-0.23	0.22	-0.71	0.28		0.19	0.22	-0.03	0.16	0.14	-0.38	0.03	-0.35	-0.14	-0.1	0.28	-0.2	0.85	-0.27	-0.3	-0.2	-0.27	-0.25	-0.09
Cash	0.62	0.32	0.8	0.53	-0.1	0.74	0.19		0.82	0.12	0.91	0.32	-0.86	-0.02	-0.33	-0.12	-0.42	0.65	0.35	0.61	-0.84	-0.23	-0.66	-0.43	-0.43	0.67
Non Current Assets Total	0.62	0.33	0.8	0.32	0.02	0.92	0.22	0.82		-0.09	0.76	0.48	-0.89	0.37	-0.29	-0.36	-0.16	0.59	0.26	0.59	-0.96	-0.13	-0.6	-0.57	-0.61	0.79
Non Currrent Assets Other	-0.04	0.0	-0.04	0.17	-0.23	-0.04	-0.03	0.12	-0.09		0.33	0.22	0.01	-0.11	-0.14	-0.21	-0.11	0.07	0.0	0.12	-0.02	0.08	-0.48	-0.22	-0.12	-0.19
Cash And Short Term Investments	0.5	0.29	0.79	0.57	-0.27	0.66	0.16	0.91	0.76	0.33		0.34	-0.76	-0.05	-0.38	-0.37	-0.47	0.62	0.24	0.6	-0.82	-0.21	-0.73	-0.63	-0.59	0.49
Net Receivables	0.51	0.18	0.46	0.37	-0.22	0.47	0.14	0.32	0.48	0.22	0.34		-0.37	0.33	0.05	-0.42	0.04	0.6	0.39	0.39	-0.52	0.31	-0.19	-0.51	-0.49	0.24
Common Stock Shares Outstanding	-0.57	-0.49	-0.68	-0.42	0.09	-0.91	-0.38	-0.86	-0.89	0.01	-0.76	-0.37		-0.23	0.24	0.3	0.22	-0.6	-0.25	-0.72	0.92	0.16	0.57	0.49	0.49	-0.7
Non Current Liabilities Total	0.13	0.02	0.11	-0.49	0.32	0.59	0.03	-0.02	0.37	-0.11	-0.05	0.33	-0.23		-0.1	-0.3	0.78	-0.04	-0.03	0.06	-0.35	0.36	-0.15	-0.21	-0.22	0.37
Inventory	0.44	-0.38	-0.12	0.33	0.28	-0.27	-0.35	-0.33	-0.29	-0.14	-0.38	0.05	0.24	-0.1		0.24	0.12	0.29	0.69	-0.37	0.23	0.78	0.65	-0.05	0.17	-0.15
Other Current Assets	0.01	-0.16	-0.31	-0.09	0.39	-0.36	-0.14	-0.12	-0.36	-0.21	-0.37	-0.42	0.3	-0.3	0.24		0.08	-0.18	0.19	-0.29	0.39	0.0	0.39	0.46	0.34	-0.07
Other Stockholder Equity	-0.12	-0.15	-0.29	-0.62	0.44	0.12	-0.1	-0.42	-0.16	-0.11	-0.47	0.04	0.22	0.78	0.12	0.08		-0.33	-0.07	-0.29	0.14	0.47	0.31	0.14	0.05	-0.05
Total Liab	0.88	0.35	0.58	0.86	-0.31	0.5	0.28	0.65	0.59	0.07	0.62	0.6	-0.6	-0.04	0.29	-0.18	-0.33		0.79	0.58	-0.66	0.37	-0.2	-0.66	-0.45	0.35
Total Current Assets	0.92	-0.15	0.42	0.65	0.21	0.22	-0.2	0.35	0.26	0.0	0.24	0.39	-0.25	-0.03	0.69	0.19	-0.07	0.79		0.04	-0.3	0.69	0.19	-0.34	-0.16	0.32
Short Term Debt	0.28	0.9	0.22	0.47	-0.65	0.61	0.85	0.61	0.59	0.12	0.6	0.39	-0.72	0.06	-0.37	-0.29	-0.29	0.58	0.04		-0.66	-0.24	-0.49	-0.53	-0.49	0.22
Common Stock	-0.64	-0.38	-0.79	-0.43	0.09	-0.93	-0.27	-0.84	-0.96	-0.02	-0.82	-0.52	0.92	-0.35	0.23	0.39	0.14	-0.66	-0.3	-0.66		0.04	0.57	0.64	0.64	-0.67
Accounts Payable	0.5	-0.31	-0.03	0.18	0.25	0.01	-0.3	-0.23	-0.13	0.08	-0.21	0.31	0.16	0.36	0.78	0.0	0.47	0.37	0.69	-0.24	0.04		0.38	-0.26	-0.06	-0.12
Short Term Investments	-0.09	-0.29	-0.44	-0.09	0.24	-0.56	-0.2	-0.66	-0.6	-0.48	-0.73	-0.19	0.57	-0.15	0.65	0.39	0.31	-0.2	0.19	-0.49	0.57	0.38		0.37	0.3	-0.39
Intangible Assets	-0.51	-0.33	-0.5	-0.54	0.36	-0.52	-0.27	-0.43	-0.57	-0.22	-0.63	-0.51	0.49	-0.21	-0.05	0.46	0.14	-0.66	-0.34	-0.53	0.64	-0.26	0.37		0.82	-0.2
Current Deferred Revenue	-0.38	-0.31	-0.47	-0.35	0.18	-0.56	-0.25	-0.43	-0.61	-0.12	-0.59	-0.49	0.49	-0.22	0.17	0.34	0.05	-0.45	-0.16	-0.49	0.64	-0.06	0.3	0.82		-0.22
Retained Earnings	0.58	-0.01	0.7	0.03	0.45	0.73	-0.09	0.67	0.79	-0.19	0.49	0.24	-0.7	0.37	-0.15	-0.07	-0.05	0.35	0.32	0.22	-0.67	-0.12	-0.39	-0.2	-0.22

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MIRC Electronics Account Relationship Matchups

MIRC Electronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8B	6.7B	7.0B	5.3B	5.7B	5.2B
Short Long Term Debt Total	790.7M	853.5M	683.3M	817.4M	1.0B	1.1B
Other Current Liab	158.6M	203.2M	795K	107.4M	264.2M	250.9M
Total Current Liabilities	3.4B	4.2B	4.8B	3.2B	4.2B	4.2B
Total Stockholder Equity	2.2B	2.2B	2.0B	1.9B	1.3B	1.6B
Property Plant And Equipment Net	955.5M	915.3M	923.4M	872.3M	780.4M	1.2B
Net Debt	781.7M	772.2M	626.9M	778.7M	988.0M	912.4M
Cash	9.0M	81.3M	56.4M	38.7M	51.1M	48.6M
Non Current Assets Total	1.5B	1.2B	1.3B	1.4B	1.3B	1.4B
Non Currrent Assets Other	(1.0B)	265.7M	266.3M	417.2M	539.0M	566.0M
Cash And Short Term Investments	9.0M	81.3M	56.4M	124.6M	159.9M	153.9M
Net Receivables	819.5M	1.5B	1.2B	895.7M	1.6B	1.2B
Liabilities And Stockholders Equity	5.8B	6.7B	7.0B	5.3B	5.7B	5.2B
Non Current Liabilities Total	187.3M	187.9M	228.2M	203.7M	234.7M	222.9M
Inventory	3.3B	3.5B	4.2B	2.7B	2.5B	3.0B
Other Current Assets	990.5M	1.8B	1.4B	126.3M	73.3M	69.6M
Total Liab	3.6B	4.4B	5.0B	3.4B	4.4B	3.6B
Total Current Assets	4.3B	5.4B	5.7B	3.9B	4.4B	3.8B
Accumulated Other Comprehensive Income	(2.5B)	1.1B	1.1B	1.1B	1.1B	1.2B
Short Term Debt	453.8M	630.2M	533.3M	688.9M	882.9M	965.4M
Accounts Payable	2.5B	3.2B	3.8B	2.1B	3.0B	2.7B
Intangible Assets	2.9M	2.4M	2.0M	1.5M	965K	916.8K
Current Deferred Revenue	227.3M	223.7M	414.8M	240.7M	42.5M	40.4M
Retained Earnings	(296.8M)	(280.9M)	(483.5M)	116.5M	(1.2B)	(1.2B)
Other Liab	55.5M	103.9M	78.2M	75.2M	86.5M	56.5M
Net Tangible Assets	2.2B	2.2B	2.0B	1.9B	2.2B	2.0B
Other Assets	483.0M	300.2M	387.5M	417.2M	(90.0K)	(85.5K)
Long Term Debt	131.8M	84M	146.2M	116.6M	155.7M	100.4M
Short Long Term Debt	658.9M	692.2M	530.8M	677M	871.5M	641.3M
Property Plant Equipment	955.5M	915.3M	923.4M	872.5M	785.2M	893.1M
Long Term Debt Total	131.8M	84.0M	150M	128.5M	147.8M	113.2M
Deferred Long Term Liab	14.4M	3.7M	69K	12K	10.8K	10.3K
Net Invested Capital	3.0B	3.0B	2.7B	2.7B	2.3B	2.2B
Net Working Capital	921.8M	1.2B	934.2M	691.4M	183.4M	174.2M

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Other Information on Investing in MIRC Stock

Balance Sheet is a snapshot of the financial position of MIRC Electronics at a specified time, usually calculated after every quarter, six months, or one year. MIRC Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MIRC Electronics 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 MIRC currently owns. An asset can also be divided into two categories, current and non-current.

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MIRC Net Borrowings vs Change To Netincome Analysis

Net Borrowings vs Change To Netincome

Net Borrowings vs Change To Netincome Correlation Analysis

Correlation Coefficient

Net Borrowings

Change To Netincome

MIRC Electronics fundamental ratios Correlations

MIRC Electronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MIRC Electronics fundamental ratios Accounts

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Other Information on Investing in MIRC Stock

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Net Debt	+ 0.99	Short Long Term Debt Total
Total Current Assets	+ 0.92	Total Assets
Non Current Assets Total	+ 0.92	Property Plant And Equipment Net
Common Stock	+ 0.92	Common Stock Shares Outstanding
Cash And Short Term Investments	+ 0.91	Cash
Short Term Debt	+ 0.9	Short Long Term Debt Total

Common Stock	- 0.96	Non Current Assets Total
Common Stock	- 0.93	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.91	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.89	Non Current Assets Total
Common Stock Shares Outstanding	- 0.86	Cash
Common Stock	- 0.84	Cash