Majic Historical Balance Sheet
| MJWL Stock | USD 0.0001 0.00 0.00% |
Trend analysis of Majic Wheels Corp balance sheet accounts such as Net Debt of 350.3 K provides information on Majic Wheels' total assets, liabilities, and equity, which is the actual value of Majic Wheels Corp to its prevalent stockholders. By breaking down trends over time using Majic Wheels 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 Majic Wheels Corp 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 Majic Wheels Corp is a good buy for the upcoming year.
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About Majic Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Majic Wheels Corp at a specified time, usually calculated after every quarter, six months, or one year. Majic Wheels Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Majic Wheels 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 Majic currently owns. An asset can also be divided into two categories, current and non-current.
Majic Wheels Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Majic Wheels assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Majic Wheels Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Capital Lease Obligations
Majic Wheels Corp capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Majic Wheels asset purchases. For example, Majic Wheels can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Majic Wheels control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most accounts from Majic Wheels' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Majic Wheels Corp 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 Majic Wheels Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. At this time, Majic Wheels' Short and Long Term Debt is quite stable compared to the past year. Short Term Debt is expected to rise to about 350.3 K this year, although the value of Retained Earnings are projected to rise to (2 M).
| 2010 | 2011 | 2023 | 2024 (projected) | Total Current Liabilities | 109.8K | 2.1M | 2.4M | 2.6M | Other Current Liabilities | 109.8K | 1.8M | 2.1M | 2.2M |
Majic Wheels balance sheet Correlations
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Majic Wheels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Majic Wheels. If investors know Majic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.