MIRC Historical Balance Sheet
MIRCELECTR | 20.71 0.53 2.50% |
Trend analysis of MIRC Electronics Limited balance sheet accounts such as Total Current Liabilities of 4.2 B provides information on MIRC Electronics' total assets, liabilities, and equity, which is the actual value of MIRC Electronics to its prevalent stockholders. By breaking down trends over time using MIRC Electronics 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.
Financial Statement Analysis is much more than just reviewing and examining MIRC Electronics 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 MIRC Electronics is a good buy for the upcoming year.
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About MIRC Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of MIRC Electronics at a specified time, usually calculated after every quarter, six months, or one year. MIRC Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MIRC Electronics 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 MIRC currently owns. An asset can also be divided into two categories, current and non-current.
MIRC Electronics Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of MIRC Electronics 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 MIRC Electronics 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 MIRC Electronics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MIRC Electronics Limited 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 MIRC Electronics' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MIRC Electronics 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 MIRC Electronics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At present, MIRC Electronics' Total Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 1.6 B, whereas Other Current Liabilities is forecasted to decline to about 250.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 683.3M | 817.4M | 1.0B | 1.1B | Total Assets | 7.0B | 5.3B | 5.7B | 5.2B |
MIRC Electronics balance sheet Correlations
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MIRC Electronics Account Relationship Matchups
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MIRC Electronics balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 6.7B | 7.0B | 5.3B | 5.7B | 5.2B | |
Short Long Term Debt Total | 790.7M | 853.5M | 683.3M | 817.4M | 1.0B | 1.1B | |
Other Current Liab | 158.6M | 203.2M | 795K | 107.4M | 264.2M | 250.9M | |
Total Current Liabilities | 3.4B | 4.2B | 4.8B | 3.2B | 4.2B | 4.2B | |
Total Stockholder Equity | 2.2B | 2.2B | 2.0B | 1.9B | 1.3B | 1.6B | |
Property Plant And Equipment Net | 955.5M | 915.3M | 923.4M | 872.3M | 780.4M | 1.2B | |
Net Debt | 781.7M | 772.2M | 626.9M | 778.7M | 988.0M | 912.4M | |
Cash | 9.0M | 81.3M | 56.4M | 38.7M | 51.1M | 48.6M | |
Non Current Assets Total | 1.5B | 1.2B | 1.3B | 1.4B | 1.3B | 1.4B | |
Non Currrent Assets Other | (1.0B) | 265.7M | 266.3M | 417.2M | 539.0M | 566.0M | |
Cash And Short Term Investments | 9.0M | 81.3M | 56.4M | 124.6M | 159.9M | 153.9M | |
Net Receivables | 819.5M | 1.5B | 1.2B | 895.7M | 1.6B | 1.2B | |
Liabilities And Stockholders Equity | 5.8B | 6.7B | 7.0B | 5.3B | 5.7B | 5.2B | |
Non Current Liabilities Total | 187.3M | 187.9M | 228.2M | 203.7M | 234.7M | 222.9M | |
Inventory | 3.3B | 3.5B | 4.2B | 2.7B | 2.5B | 3.0B | |
Other Current Assets | 990.5M | 1.8B | 1.4B | 126.3M | 73.3M | 69.6M | |
Total Liab | 3.6B | 4.4B | 5.0B | 3.4B | 4.4B | 3.6B | |
Total Current Assets | 4.3B | 5.4B | 5.7B | 3.9B | 4.4B | 3.8B | |
Accumulated Other Comprehensive Income | (2.5B) | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | |
Short Term Debt | 453.8M | 630.2M | 533.3M | 688.9M | 882.9M | 965.4M | |
Accounts Payable | 2.5B | 3.2B | 3.8B | 2.1B | 3.0B | 2.7B | |
Intangible Assets | 2.9M | 2.4M | 2.0M | 1.5M | 965K | 916.8K | |
Current Deferred Revenue | 227.3M | 223.7M | 414.8M | 240.7M | 42.5M | 40.4M | |
Retained Earnings | (296.8M) | (280.9M) | (483.5M) | 116.5M | (1.2B) | (1.2B) | |
Other Liab | 55.5M | 103.9M | 78.2M | 75.2M | 86.5M | 56.5M | |
Net Tangible Assets | 2.2B | 2.2B | 2.0B | 1.9B | 2.2B | 2.0B | |
Other Assets | 483.0M | 300.2M | 387.5M | 417.2M | (90.0K) | (85.5K) | |
Long Term Debt | 131.8M | 84M | 146.2M | 116.6M | 155.7M | 100.4M | |
Short Long Term Debt | 658.9M | 692.2M | 530.8M | 677M | 871.5M | 641.3M | |
Property Plant Equipment | 955.5M | 915.3M | 923.4M | 872.5M | 785.2M | 893.1M | |
Long Term Debt Total | 131.8M | 84.0M | 150M | 128.5M | 147.8M | 113.2M | |
Deferred Long Term Liab | 14.4M | 3.7M | 69K | 12K | 10.8K | 10.3K | |
Net Invested Capital | 3.0B | 3.0B | 2.7B | 2.7B | 2.3B | 2.2B | |
Net Working Capital | 921.8M | 1.2B | 934.2M | 691.4M | 183.4M | 174.2M |
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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.Other Information on Investing in MIRC Stock
Balance Sheet is a snapshot of the financial position of MIRC Electronics at a specified time, usually calculated after every quarter, six months, or one year. MIRC Electronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MIRC Electronics 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 MIRC currently owns. An asset can also be divided into two categories, current and non-current.