MSP Total Assets vs Property Plant Equipment Analysis

MSPL Stock   45.39  0.04  0.09%   
MSP Steel financial indicator trend analysis is infinitely more than just investigating MSP Steel Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MSP Steel Power is a good investment. Please check the relationship between MSP Steel Total Assets and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MSP Steel Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Assets vs Property Plant Equipment

Total Assets vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MSP Steel Power Total Assets account and Property Plant Equipment. At this time, the significance of the direction appears to have no relationship.
The correlation between MSP Steel's Total Assets and Property Plant Equipment is 0.02. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of MSP Steel Power, assuming nothing else is changed. The correlation between historical values of MSP Steel's Total Assets and Property Plant Equipment 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 Assets of MSP Steel Power are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Assets i.e., MSP Steel's Total Assets and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.02
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of MSP Steel 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 MSP Steel Power 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.

Property Plant Equipment

Most indicators from MSP Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MSP Steel Power 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 MSP Steel Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 918.8 M in 2024. Tax Provision is likely to gain to about 66.6 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense659.2M772.6M876.8M767.3M
Depreciation And Amortization544.7M540.8M554.1M449.9M

MSP Steel fundamental ratios Correlations

0.850.070.860.850.940.850.230.940.110.590.240.540.010.810.540.450.420.970.830.10.640.370.11-0.64-0.03
0.85-0.240.530.680.861.00.130.820.190.250.230.4-0.050.920.430.390.60.860.68-0.010.310.220.3-0.71-0.16
0.07-0.240.28-0.210.2-0.23-0.220.26-0.120.6-0.240.08-0.330.04-0.23-0.3-0.160.18-0.26-0.310.6-0.4-0.460.61-0.01
0.860.530.280.710.710.530.30.740.130.710.310.580.060.470.550.40.120.840.810.140.830.49-0.07-0.450.15
0.850.68-0.210.710.710.680.270.690.050.30.20.350.310.50.720.470.340.70.880.490.340.60.33-0.780.14
0.940.860.20.710.710.870.030.990.080.620.040.53-0.180.920.320.290.480.950.6-0.110.620.070.02-0.46-0.19
0.851.0-0.230.530.680.870.10.830.190.270.210.41-0.060.920.420.380.590.860.67-0.020.310.20.28-0.71-0.16
0.230.13-0.220.30.270.030.10.010.1-0.120.88-0.180.410.040.450.75-0.170.190.520.37-0.040.730.36-0.390.2
0.940.820.260.740.690.990.830.010.070.70.010.59-0.230.890.270.260.440.960.58-0.160.70.04-0.07-0.41-0.21
0.110.19-0.120.130.050.080.190.10.07-0.030.25-0.060.230.10.130.13-0.360.130.140.120.070.160.35-0.16-0.11
0.590.250.60.710.30.620.27-0.120.7-0.03-0.190.76-0.520.42-0.150.0-0.070.650.24-0.450.94-0.17-0.640.15-0.22
0.240.23-0.240.310.20.040.210.880.010.25-0.19-0.240.420.110.50.78-0.120.240.540.35-0.050.750.46-0.470.1
0.540.40.080.580.350.530.41-0.180.59-0.060.76-0.24-0.480.41-0.16-0.080.180.570.33-0.490.75-0.11-0.55-0.13-0.3
0.01-0.05-0.330.060.31-0.18-0.060.41-0.230.23-0.520.42-0.48-0.260.710.32-0.03-0.120.40.82-0.390.660.74-0.540.5
0.810.920.040.470.50.920.920.040.890.10.420.110.41-0.260.180.30.570.870.45-0.270.4-0.060.08-0.45-0.3
0.540.43-0.230.550.720.320.420.450.270.13-0.150.5-0.160.710.180.540.280.420.830.80.040.810.64-0.770.56
0.450.39-0.30.40.470.290.380.750.260.130.00.78-0.080.320.30.54-0.070.40.640.430.020.70.4-0.560.09
0.420.6-0.160.120.340.480.59-0.170.44-0.36-0.07-0.120.18-0.030.570.28-0.070.420.28-0.07-0.02-0.060.15-0.410.02
0.970.860.180.840.70.950.860.190.960.130.650.240.57-0.120.870.420.40.420.73-0.090.710.230.01-0.53-0.1
0.830.68-0.260.810.880.60.670.520.580.140.240.540.330.40.450.830.640.280.730.480.380.80.36-0.840.27
0.1-0.01-0.310.140.49-0.11-0.020.37-0.160.12-0.450.35-0.490.82-0.270.80.43-0.07-0.090.48-0.320.740.74-0.520.53
0.640.310.60.830.340.620.31-0.040.70.070.94-0.050.75-0.390.40.040.02-0.020.710.38-0.32-0.02-0.510.05-0.12
0.370.22-0.40.490.60.070.20.730.040.16-0.170.75-0.110.66-0.060.810.7-0.060.230.80.74-0.020.54-0.70.44
0.110.3-0.46-0.070.330.020.280.36-0.070.35-0.640.46-0.550.740.080.640.40.150.010.360.74-0.510.54-0.610.25
-0.64-0.710.61-0.45-0.78-0.46-0.71-0.39-0.41-0.160.15-0.47-0.13-0.54-0.45-0.77-0.56-0.41-0.53-0.84-0.520.05-0.7-0.61-0.15
-0.03-0.16-0.010.150.14-0.19-0.160.2-0.21-0.11-0.220.1-0.30.5-0.30.560.090.02-0.10.270.53-0.120.440.25-0.15
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MSP Steel Account Relationship Matchups

MSP Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.4B15.1B17.5B16.5B16.4B16.0B
Short Long Term Debt Total8.6B7.7B8.3B8.0B7.8B8.2B
Other Current Liab1.0B282.5M376.1M685.2M208.0M197.6M
Total Current Liabilities5.8B3.7B6.1B5.7B5.8B4.5B
Total Stockholder Equity5.9B5.9B6.2B5.7B5.8B5.2B
Property Plant And Equipment Net9.1B8.6B8.3B8.3B8.2B9.1B
Net Debt8.5B7.5B7.8B7.9B7.6B8.0B
Cash145.8M112.7M483.1M109.9M261.1M191.9M
Non Current Assets Total9.9B9.3B9.1B9.2B9.0B10.2B
Non Currrent Assets Other72.3M39.0M122.3M120.4M396.2M231.4M
Other Assets422.3M348.6M388.6M332.6M299.4M410.2M
Cash And Short Term Investments145.8M112.7M483.1M277.2M261.1M211.1M
Net Receivables735.4M562.2M704.9M762.6M713.1M1.1B
Liabilities And Stockholders Equity17.4B15.1B17.5B16.5B16.4B16.0B
Non Current Liabilities Total5.7B5.4B5.3B5.0B4.8B6.2B
Inventory5.3B3.8B4.6B4.8B4.9B3.1B
Other Current Assets1.3B1.4B2.7B1.6B1.5B1.2B
Other Stockholder Equity1.5B1.6B4.5B4.4B1.8B2.4B
Total Liab11.4B9.2B11.3B10.8B10.6B10.7B
Total Current Assets7.4B5.8B8.5B7.3B7.4B5.8B
Accumulated Other Comprehensive Income(2.8B)5.6B5.9B5.4B2.9B3.0B
Short Term Debt2.9B2.2B3.0B3.0B3.0B2.4B
Accounts Payable1.8B1.2B2.7B2.1B2.2B1.6B
Short Term Investments31.0M163.3M479.9M167.3M214.4M225.1M
Intangible Assets5.2M3.9M2.5M1.2M1.1M1.0M
Current Deferred Revenue944.2M118.2M299.5M164.2M348.2M223.6M
Retained Earnings(2.7B)(2.6B)(2.4B)(2.9B)(2.7B)(2.6B)
Other Liab12.1M11.7M12.1M13.5M12.2M11.5M
Net Tangible Assets5.6B5.6B5.9B5.4B4.8B4.6B
Long Term Debt5.7B5.4B5.3B5.0B4.8B5.1B
Short Long Term Debt2.9B1.8B3.0B3.0B3.0B2.5B
Property Plant Equipment9.1B8.6B8.3B8.3B7.4B8.0B
Long Term Debt Total5.7B5.4B5.3B5.0B4.5B5.0B
Cash And Equivalents137.5M137.0M156.0M161.7M186.0M147.0M
Net Invested Capital14.2B13.1B14.4B13.7B13.6B11.4B

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