MFS Other Current Liab vs Net Debt Analysis
MCR Stock | USD 6.38 0.01 0.16% |
MFS Charter financial indicator trend analysis is infinitely more than just investigating MFS Charter Income recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MFS Charter Income is a good investment. Please check the relationship between MFS Charter Other Current Liab and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Charter Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Other Current Liab vs Net Debt
Other Current Liab vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MFS Charter Income Other Current Liab account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MFS Charter's Other Current Liab and Net Debt is -0.2. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of MFS Charter Income, assuming nothing else is changed. The correlation between historical values of MFS Charter's Other Current Liab and Net 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 Other Current Liab of MFS Charter Income are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Liab i.e., MFS Charter's Other Current Liab and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Current Liab
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from MFS Charter's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MFS Charter Income 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 MFS Charter Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. As of 12/12/2024, Enterprise Value is likely to grow to about 539.8 M, while Selling General Administrative is likely to drop slightly above 398.5 K.
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 19.1M | 21.6M | 19.4M | 16.9M | Net Interest Income | 17.0M | 15.9M | 14.3M | 15.0M |
MFS Charter fundamental ratios Correlations
Click cells to compare fundamentals
MFS Charter Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MFS Charter fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 510.5M | 475.4M | 413.9M | 386.4M | 347.8M | 412.1M | |
Total Stockholder Equity | 394.5M | 369.0M | 300.6M | 283.5M | 255.1M | 344.7M | |
Other Liab | 155.3K | 109.4K | 92.1K | 135.3K | 155.6K | 147.8K | |
Net Tangible Assets | 403.2M | 394.5M | 369.0M | 300.6M | 270.5M | 354.6M | |
Retained Earnings | 1.9M | (12.8M) | (70.5M) | (66.0M) | (75.9M) | (79.7M) | |
Accounts Payable | 4.6M | 1.5M | 2.6M | 3.7M | 3.3M | 3.6M | |
Cash | 275.1K | 4.4K | 568.0K | 35.2K | 40.4K | 38.4K | |
Other Assets | 3.5K | 3.7K | 993.7K | 61.1K | 55.0K | 52.3K | |
Net Receivables | 11.5M | 9.4M | 12.1M | 6.6M | 5.9M | 8.3M | |
Total Liab | 115.9M | 106.4M | 113.3M | 103.0M | 118.4M | 92.6M | |
Long Term Investments | 498.7M | 466.0M | 400.2M | 377.9M | 340.1M | 401.3M | |
Common Stock Shares Outstanding | 44.3M | 42.7M | 43.7M | 43.3M | 39.0M | 37.4M | |
Other Current Liab | (104.6M) | (1.5M) | (2.6M) | 4.0M | 3.6M | 3.8M | |
Total Current Liabilities | 4.6M | 1.5M | 2.6M | 7.7M | 6.9M | 6.6M | |
Other Current Assets | 2.6M | 3.1M | 5.1M | 1.9M | 1.7M | 1.7M | |
Total Current Assets | 11.8M | 9.4M | 12.7M | 8.5M | 7.7M | 8.7M | |
Common Stock | 392.6M | 381.8M | 371.1M | 349.5M | 314.6M | 352.4M | |
Net Debt | 99.7M | 100.0M | 99.4M | (35.2K) | (31.6K) | (30.1K) | |
Non Current Assets Total | 498.7M | 466.0M | 400.2M | 377.9M | 340.1M | 376.4M | |
Non Currrent Assets Other | (498.7M) | (466.0M) | (400.2M) | (377.9M) | (340.1M) | (357.1M) | |
Cash And Short Term Investments | 275.1K | 4.4K | 568.0K | 35.2K | 31.6K | 30.1K | |
Liabilities And Stockholders Equity | 510.5M | 475.4M | 413.9M | 386.4M | 347.8M | 384.4M | |
Net Invested Capital | 494.5M | 469.0M | 400.6M | 378.5M | 340.6M | 377.0M | |
Capital Stock | 392.6M | 381.8M | 371.1M | 349.5M | 314.6M | 312.6M | |
Current Deferred Revenue | (95.4M) | (98.5M) | (97.4M) | (91.3M) | (105.0M) | (110.3M) | |
Inventory | 13.8M | (3.1M) | (5.1M) | 1.0 | 0.9 | 0.86 |
Pair Trading with MFS Charter
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MFS Charter position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MFS Charter will appreciate offsetting losses from the drop in the long position's value.Moving against MFS Stock
0.53 | V | Visa Class A | PairCorr |
0.45 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
0.41 | ECPG | Encore Capital Group | PairCorr |
0.4 | COF | Capital One Financial Fiscal Year End 23rd of January 2025 | PairCorr |
0.36 | ENVA | Enova International | PairCorr |
The ability to find closely correlated positions to MFS Charter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS Charter when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MFS Charter - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MFS Charter Income to buy it.
The correlation of MFS Charter is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Charter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Charter Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MFS Charter can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for MFS Stock Analysis
When running MFS Charter's price analysis, check to measure MFS Charter'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 MFS Charter is operating at the current time. Most of MFS Charter's value examination focuses on studying past and present price action to predict the probability of MFS Charter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFS Charter's price. Additionally, you may evaluate how the addition of MFS Charter to your portfolios can decrease your overall portfolio volatility.