| MTRX Stock | | | USD 13.45 0.13 0.98% |
Matrix Service financial indicator trend analysis is infinitely more than just investigating Matrix Service recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Matrix Service is a good investment. Please check the relationship between Matrix Service Long Term Debt and its Accumulated Depreciation accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Matrix Service Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Long Term Debt vs Accumulated Depreciation
Long Term Debt vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Matrix Service Long Term Debt account and
Accumulated Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Matrix Service's Long Term Debt and Accumulated Depreciation is -0.31. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of Matrix Service Co, assuming nothing else is changed. The correlation between historical values of Matrix Service's Long Term Debt and Accumulated Depreciation 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 Matrix Service Co are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Long Term Debt i.e., Matrix Service's Long Term Debt and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.31 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Matrix Service has held for over one year. Long-term debt appears on Matrix Service Co 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 Matrix Service Co 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.
Accumulated Depreciation
Accumulated depreciation is the total amount of depreciation for Matrix Service Co fixed asset that has been charged to Matrix Service expense since that asset was acquired and made available for Matrix Service use. The accumulated depreciation account is Matrix Service asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Matrix Service.
Most indicators from Matrix Service's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Matrix Service 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 Matrix Service Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At this time, Matrix Service's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 4.78 in 2024, whereas
Selling General Administrative is likely to drop slightly above 52.5
M in 2024.
Matrix Service fundamental ratios Correlations
Click cells to compare fundamentals
Matrix Service Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Matrix Service fundamental ratios Accounts
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Additional Tools for Matrix Stock Analysis
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measure Matrix Service's 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 Matrix Service is operating at the current time. Most of Matrix Service's value examination focuses on studying past and present price action to
predict the probability of Matrix Service's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matrix Service's price. Additionally, you may evaluate how the addition of Matrix Service to your portfolios can decrease your overall portfolio volatility.