Myers Historical Balance Sheet

MYE Stock  USD 11.45  0.20  1.78%   
Trend analysis of Myers Industries balance sheet accounts such as Total Current Liabilities of 97.7 M provides information on Myers Industries' total assets, liabilities, and equity, which is the actual value of Myers Industries to its prevalent stockholders. By breaking down trends over time using Myers Industries 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.
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Myers Industries 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 Myers Industries is a good buy for the upcoming year.

Myers Industries Inventory

72.57 Million

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.

About Myers Balance Sheet Analysis

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

Myers Industries Balance Sheet Chart

At present, Myers Industries' Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 31.8 M, whereas Other Current Liabilities is forecasted to decline to about 32.4 M.

Total Assets

Total assets refers to the total amount of Myers Industries 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 Myers Industries 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.

Total Current Liabilities

Total Current Liabilities is an item on Myers Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Myers Industries 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.
Most accounts from Myers Industries' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Myers Industries 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 Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 31.8 M, whereas Other Current Liabilities is forecasted to decline to about 32.4 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total130.0M132.4M95.5M126.2M
Total Assets484.5M542.6M541.6M431.3M

Myers Industries balance sheet Correlations

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0.740.330.690.70.690.50.24-0.180.280.760.030.280.690.730.230.510.210.820.50.580.630.070.640.560.82
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Click cells to compare fundamentals

Myers Industries Account Relationship Matchups

Myers Industries balance sheet Accounts

201920202021202220232024 (projected)
Total Assets353.1M400.0M484.5M542.6M541.6M431.3M
Short Long Term Debt Total83.3M95.7M130.0M132.4M95.5M126.2M
Other Current Liab31.1M29.9M36.4M45.6M42.7M32.4M
Total Current Liabilities82.6M142.2M132.5M137.8M165.1M97.7M
Total Stockholder Equity166.7M189.1M209.3M256.4M292.8M195.2M
Property Plant And Equipment Net60.9M92.3M121.3M130.5M135.9M126.2M
Net Debt7.8M67.4M112.4M109.2M65.2M112.2M
Retained Earnings(135.1M)(117.9M)(104.2M)(64.0M)(35.5M)(33.7M)
Cash75.5M28.3M17.7M23.1M30.3M31.8M
Non Current Assets Total168.1M216.3M264.6M285.4M285.0M244.1M
Non Currrent Assets Other101.4M123.9M143.2M7.9M8.4M7.9M
Cash And Short Term Investments75.5M28.3M17.7M23.1M30.3M31.8M
Net Receivables62.4M84.8M103.2M133.7M128.6M89.4M
Common Stock Shares Outstanding33.4M35.7M35.9M36.4M37.1M36.7M
Liabilities And Stockholders Equity353.1M400.0M484.5M542.6M541.6M431.3M
Non Current Liabilities Total103.8M68.7M142.7M148.4M83.7M138.4M
Inventory44.3M65.9M93.6M93.4M90.8M72.6M
Other Current Assets2.8M4.8M5.5M7.0M6.9M8.8M
Other Stockholder Equity296.4M300.9M306.7M315.9M322.5M338.7M
Total Liab186.5M210.9M275.2M286.2M248.8M236.1M
Property Plant And Equipment Gross60.9M92.3M121.3M101.6M425.1M446.3M
Total Current Assets185.0M183.7M219.9M257.2M256.6M187.2M
Accumulated Other Comprehensive Income(16.3M)(15.8M)(15.4M)(17.8M)(16.8M)(17.7M)
Short Term Debt2.1M48.7M11.7M13.4M39.1M41.0M
Intangible Assets30.8M41.0M50.2M51.8M45.1M66.1M
Accounts Payable46.9M61.2M81.7M73.5M79.1M53.8M
Good Will66.8M79.3M88.8M95.2M95.4M90.6M
Common Stock Total Equity21.8M21.9M22.2M22.3M25.7M21.0M
Common Stock21.8M21.9M22.2M22.3M22.6M21.5M
Other Assets9.7M22.0M143.3M8.0M1.00.95
Long Term Debt77.2M37.6M90.9M94.0M32.0M30.4M
Property Plant Equipment55.0M74.0M92.0M101.6M91.4M116.2M
Current Deferred Revenue2.6M2.9M5.2M10.6M12.7M10.9M
Other Liab22.6M17.3M18.5M22.8M26.2M16.3M
Net Tangible Assets73.2M82.6M70.4M256.4M294.9M309.6M
Retained Earnings Total Equity(135.1M)(117.9M)(104.2M)(64.0M)(57.6M)(60.5M)
Long Term Debt Total77.2M37.6M100.4M102.9M92.6M82.9M
Capital Surpluse296.4M300.9M306.7M315.9M363.2M291.8M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Metal, Glass & Plastic Containers 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 Myers Industries. If investors know Myers 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 Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.04)
Dividend Share
0.54
Earnings Share
0.42
Revenue Per Share
22.234
Quarterly Revenue Growth
0.037
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' 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 Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' 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 Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' 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.