Midea Total Current Assets vs Long Term Debt Analysis

000333 Stock   76.25  1.64  2.20%   
Midea Group financial indicator trend analysis is infinitely more than just investigating Midea Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midea Group is a good investment. Please check the relationship between Midea Group Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Midea Group 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 nation.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midea Group Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Midea Group's Total Current Assets and Long Term Debt is 0.9. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Midea Group Co, assuming nothing else is changed. The correlation between historical values of Midea Group's Total Current Assets and Long Term Debt 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 Current Assets of Midea Group Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., Midea Group's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that Midea Group has held for over one year. Long-term debt appears on Midea Group 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 Midea Group 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.
Most indicators from Midea Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Midea Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Midea Group 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 nation.
As of December 25, 2024, Selling General Administrative is expected to decline to about 36.4 B. In addition to that, Tax Provision is expected to decline to about 4.9 B
 2021 2022 2023 2024 (projected)
Operating Income27.5B32.5B37.5B23.5B
Total Revenue343.4B345.7B373.7B255.7B

Midea Group fundamental ratios Correlations

0.920.990.990.931.00.980.920.950.90.22-0.050.960.621.00.890.860.860.910.84-0.490.93-0.540.980.950.66
0.920.930.910.780.920.880.810.910.790.15-0.170.910.70.920.790.70.90.780.85-0.620.86-0.580.90.950.72
0.990.930.980.90.990.990.920.960.830.16-0.080.970.60.990.870.840.880.870.87-0.540.91-0.530.970.950.68
0.990.910.980.920.990.970.90.970.870.25-0.010.940.630.990.840.890.830.880.83-0.460.9-0.480.970.930.65
0.930.780.90.920.90.930.880.850.910.470.210.90.40.930.930.930.710.970.6-0.240.91-0.460.920.770.43
1.00.920.990.990.90.980.910.960.860.19-0.070.960.620.990.860.860.850.870.87-0.520.9-0.510.980.940.67
0.980.880.990.970.930.980.920.940.850.2-0.010.970.540.990.90.870.820.910.81-0.490.91-0.520.980.910.61
0.920.810.920.90.880.910.920.910.850.16-0.180.90.440.930.850.780.740.890.78-0.410.89-0.590.940.840.56
0.950.910.960.970.850.960.940.910.810.12-0.120.930.560.950.760.810.830.830.86-0.520.87-0.530.930.90.6
0.90.790.830.870.910.860.850.850.810.390.030.850.570.90.890.790.710.930.6-0.310.91-0.60.90.80.47
0.220.150.160.250.470.190.20.160.120.390.560.210.020.230.40.540.020.46-0.250.340.35-0.190.220.05-0.01
-0.05-0.17-0.08-0.010.21-0.07-0.01-0.18-0.120.030.56-0.11-0.37-0.050.080.35-0.270.13-0.420.33-0.010.16-0.11-0.25-0.41
0.960.910.970.940.90.960.970.90.930.850.21-0.110.570.970.910.790.880.910.79-0.530.94-0.610.970.910.62
0.620.70.60.630.40.620.540.440.560.570.02-0.370.570.610.440.390.720.440.64-0.510.5-0.310.630.780.9
1.00.920.990.990.930.990.990.930.950.90.23-0.050.970.610.90.860.860.920.83-0.490.94-0.560.990.940.65
0.890.790.870.840.930.860.90.850.760.890.40.080.910.440.90.790.730.950.61-0.370.93-0.60.910.80.48
0.860.70.840.890.930.860.870.780.810.790.540.350.790.390.860.790.580.840.56-0.130.77-0.280.830.70.43
0.860.90.880.830.710.850.820.740.830.710.02-0.270.880.720.860.730.580.720.81-0.570.82-0.50.840.940.77
0.910.780.870.880.970.870.910.890.830.930.460.130.910.440.920.950.840.720.56-0.350.96-0.650.930.780.47
0.840.850.870.830.60.870.810.780.860.6-0.25-0.420.790.640.830.610.560.810.56-0.650.66-0.340.820.890.71
-0.49-0.62-0.54-0.46-0.24-0.52-0.49-0.41-0.52-0.310.340.33-0.53-0.51-0.49-0.37-0.13-0.57-0.35-0.65-0.490.63-0.52-0.63-0.56
0.930.860.910.90.910.90.910.890.870.910.35-0.010.940.50.940.930.770.820.960.66-0.49-0.760.930.870.54
-0.54-0.58-0.53-0.48-0.46-0.51-0.52-0.59-0.53-0.6-0.190.16-0.61-0.31-0.56-0.6-0.28-0.5-0.65-0.340.63-0.76-0.57-0.55-0.32
0.980.90.970.970.920.980.980.940.930.90.22-0.110.970.630.990.910.830.840.930.82-0.520.93-0.570.930.68
0.950.950.950.930.770.940.910.840.90.80.05-0.250.910.780.940.80.70.940.780.89-0.630.87-0.550.930.83
0.660.720.680.650.430.670.610.560.60.47-0.01-0.410.620.90.650.480.430.770.470.71-0.560.54-0.320.680.83
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Midea Group Account Relationship Matchups

Midea Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets302.0B360.4B387.9B422.6B486.0B281.9B
Other Current Liab36.2B41.9B48.3B57.8B71.3B38.2B
Total Current Liabilities144.3B184.2B222.9B206.3B251.2B146.7B
Total Stockholder Equity101.7B117.5B124.9B142.9B162.9B92.0B
Other Liab8.9B8.8B9.2B9.0B10.4B5.7B
Retained Earnings79.5B95.6B113.2B119.7B136.3B71.7B
Accounts Payable66.4B82.2B98.7B89.8B94.2B65.3B
Cash70.9B81.2B71.9B55.3B81.7B49.6B
Other Assets6.6B10.0B12.1B13.1B15.0B7.6B
Long Term Debt41.3B42.8B19.7B53.8B49.4B26.5B
Net Receivables44.6B23.0B24.6B28.2B32.9B35.6B
Short Term Investments1.1B28.2B5.9B3.3B1.8B1.7B
Inventory34.7B33.8B50.3B46.0B47.3B31.5B
Other Current Assets4.3B8.0B10.0B98.2B88.0B92.4B
Total Liab194.5B236.1B253.1B270.6B311.7B180.0B
Intangible Assets15.5B15.4B17.2B16.9B18.5B12.7B
Common Stock6.7B7.0B7.0B7.0B8.0B5.7B
Property Plant Equipment24.5B22.9B23.7B27.8B32.0B25.2B
Good Will28.2B29.6B27.9B28.5B30.9B23.6B
Net Tangible Assets37.8B58.0B72.5B79.8B91.8B58.1B
Other Stockholder Equity(1.3B)(711.6M)(1.5B)(1.7B)(1.6B)(1.5B)
Total Current Assets216.5B241.7B248.9B261.1B281.3B221.9B
Non Current Assets Total85.5B118.7B139.1B161.5B204.7B126.3B
Non Currrent Assets Other4.9B11.3B36.4B42.8B80.6B84.6B
Non Current Liabilities Total50.1B52.0B30.3B64.3B60.5B49.1B
Short Long Term Debt5.7B9.9B5.6B5.2B8.8B5.7B
Non Current Liabilities Other1.2B991.1M998.3M1.1B821.7M882.7M
Common Stock Shares Outstanding7.0B7.0B7.0B7.0B7.0B7.6B
Net Invested Capital148.7B170.3B150.2B202.0B221.1B176.3B
Net Working Capital72.2B57.5B26.0B54.8B30.1B39.3B
Capital Stock7.0B7.0B7.0B7.0B7.0B7.6B

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Other Information on Investing in Midea Stock

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