Marine Net Debt vs Accounts Payable Analysis

MPX Stock

USD 8.67 0.09 1.03%

Marine Products financial indicator trend analysis is infinitely more than just investigating Marine Products recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marine Products is a good investment. Please check the relationship between Marine Products Net Debt and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marine Products Net Debt account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Marine Products' Net Debt and Accounts Payable is -0.58. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Marine Products, assuming nothing else is changed. The correlation between historical values of Marine Products' Net Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Marine Products are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Debt i.e., Marine Products' Net Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Accounts Payable

An accounting item on the balance sheet that represents Marine Products obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Marine Products are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Marine Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marine Products 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 Marine Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.Selling General Administrative is likely to drop to about 28 M in 2025. Tax Provision is likely to drop to about 9 M in 2025

	2022	2023	2024	2025 (projected)
Gross Profit	93.7M	90.4M	236.6M	248.4M
Total Revenue	381.0M	383.7M	236.6M	230.6M

Gross Profit Total Revenue

Marine Products fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Total Current Liabilities	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Intangible Assets	Property Plant Equipment	Retained Earnings	Common Stock Total Equity
Total Assets		0.99	0.89	0.36	0.72	-0.31	-0.48	0.78	-0.36	0.76	0.8	0.8	0.65	0.77	-0.83	0.7	0.78	0.79	0.18	-0.05	0.8	0.47	-0.3	0.47	0.79	0.29
Total Stockholder Equity	0.99		0.84	0.39	0.71	-0.34	-0.41	0.69	-0.27	0.7	0.78	0.77	0.67	0.67	-0.81	0.6	0.77	0.78	0.09	0.03	0.76	0.51	-0.23	0.35	0.77	0.26
Property Plant And Equipment Net	0.89	0.84		0.36	0.77	-0.39	-0.57	0.76	-0.55	0.82	0.74	0.82	0.58	0.85	-0.81	0.66	0.78	0.78	0.29	-0.22	0.8	0.17	-0.5	0.63	0.8	0.42
Non Current Assets Total	0.36	0.39	0.36		0.63	-0.59	-0.04	0.09	-0.64	0.22	0.19	0.22	0.03	0.06	-0.15	0.06	0.18	0.25	-0.18	-0.56	0.28	-0.34	-0.7	-0.11	0.52	0.87
Non Currrent Assets Other	0.72	0.71	0.77	0.63		-0.68	-0.4	0.58	-0.67	0.66	0.62	0.68	0.55	0.65	-0.64	0.54	0.62	0.65	0.07	-0.46	0.62	0.06	-0.66	0.38	0.79	0.66
Other Assets	-0.31	-0.34	-0.39	-0.59	-0.68		0.18	-0.24	0.48	-0.28	-0.39	-0.34	-0.29	-0.1	0.21	-0.07	-0.25	-0.3	0.06	0.36	-0.3	0.11	0.51	0.01	-0.52	-0.6
Common Stock Shares Outstanding	-0.48	-0.41	-0.57	-0.04	-0.4	0.18		-0.56	0.45	-0.89	-0.8	-0.86	-0.58	-0.61	0.76	-0.53	-0.78	-0.76	-0.61	0.17	-0.87	-0.24	0.38	-0.47	-0.77	-0.23
Inventory	0.78	0.69	0.76	0.09	0.58	-0.24	-0.56		-0.54	0.74	0.72	0.72	0.42	0.86	-0.6	0.91	0.54	0.51	0.39	-0.32	0.72	0.35	-0.46	0.76	0.62	0.27
Other Stockholder Equity	-0.36	-0.27	-0.55	-0.64	-0.67	0.48	0.45	-0.54		-0.54	-0.33	-0.46	-0.03	-0.53	0.28	-0.52	-0.26	-0.29	-0.36	0.9	-0.5	0.39	0.99	-0.54	-0.59	-0.89
Total Liab	0.76	0.7	0.82	0.22	0.66	-0.28	-0.89	0.74	-0.54		0.92	0.98	0.63	0.82	-0.91	0.72	0.92	0.9	0.43	-0.19	0.98	0.26	-0.47	0.51	0.92	0.38
Property Plant And Equipment Gross	0.8	0.78	0.74	0.19	0.62	-0.39	-0.8	0.72	-0.33	0.92		0.96	0.73	0.66	-0.89	0.65	0.91	0.9	0.22	0.02	0.95	0.49	-0.26	0.33	0.9	0.23
Total Current Assets	0.8	0.77	0.82	0.22	0.68	-0.34	-0.86	0.72	-0.46	0.98	0.96		0.73	0.76	-0.94	0.67	0.95	0.95	0.37	-0.1	0.98	0.38	-0.39	0.45	0.94	0.33
Other Current Liab	0.65	0.67	0.58	0.03	0.55	-0.29	-0.58	0.42	-0.03	0.63	0.73	0.73		0.46	-0.78	0.33	0.78	0.79	0.14	0.25	0.64	0.57	0.03	0.22	0.67	-0.05
Total Current Liabilities	0.77	0.67	0.85	0.06	0.65	-0.1	-0.61	0.86	-0.53	0.82	0.66	0.76	0.46		-0.73	0.89	0.67	0.64	0.47	-0.26	0.73	0.24	-0.45	0.79	0.64	0.27
Net Debt	-0.83	-0.81	-0.81	-0.15	-0.64	0.21	0.76	-0.6	0.28	-0.91	-0.89	-0.94	-0.78	-0.73		-0.58	-0.98	-0.97	-0.32	-0.05	-0.91	-0.47	0.21	-0.4	-0.86	-0.15
Accounts Payable	0.7	0.6	0.66	0.06	0.54	-0.07	-0.53	0.91	-0.52	0.72	0.65	0.67	0.33	0.89	-0.58		0.51	0.48	0.34	-0.32	0.66	0.32	-0.44	0.71	0.55	0.26
Cash	0.78	0.77	0.78	0.18	0.62	-0.25	-0.78	0.54	-0.26	0.92	0.91	0.95	0.78	0.67	-0.98	0.51		0.99	0.29	0.11	0.92	0.41	-0.2	0.29	0.89	0.19
Cash And Short Term Investments	0.79	0.78	0.78	0.25	0.65	-0.3	-0.76	0.51	-0.29	0.9	0.9	0.95	0.79	0.64	-0.97	0.48	0.99		0.25	0.08	0.92	0.4	-0.24	0.27	0.92	0.24
Net Receivables	0.18	0.09	0.29	-0.18	0.07	0.06	-0.61	0.39	-0.36	0.43	0.22	0.37	0.14	0.47	-0.32	0.34	0.29	0.25		-0.28	0.38	0.07	-0.31	0.6	0.25	0.1
Good Will	-0.05	0.03	-0.22	-0.56	-0.46	0.36	0.17	-0.32	0.9	-0.19	0.02	-0.1	0.25	-0.26	-0.05	-0.32	0.11	0.08	-0.28		-0.15	0.5	0.92	-0.46	-0.25	-0.78
Non Current Liabilities Total	0.8	0.76	0.8	0.28	0.62	-0.3	-0.87	0.72	-0.5	0.98	0.95	0.98	0.64	0.73	-0.91	0.66	0.92	0.92	0.38	-0.15		0.31	-0.43	0.43	0.94	0.37
Other Current Assets	0.47	0.51	0.17	-0.34	0.06	0.11	-0.24	0.35	0.39	0.26	0.49	0.38	0.57	0.24	-0.47	0.32	0.41	0.4	0.07	0.5	0.31		0.46	0.17	0.22	-0.51
Intangible Assets	-0.3	-0.23	-0.5	-0.7	-0.66	0.51	0.38	-0.46	0.99	-0.47	-0.26	-0.39	0.03	-0.45	0.21	-0.44	-0.2	-0.24	-0.31	0.92	-0.43	0.46		-0.46	-0.55	-0.93
Property Plant Equipment	0.47	0.35	0.63	-0.11	0.38	0.01	-0.47	0.76	-0.54	0.51	0.33	0.45	0.22	0.79	-0.4	0.71	0.29	0.27	0.6	-0.46	0.43	0.17	-0.46		0.31	0.15
Retained Earnings	0.79	0.77	0.8	0.52	0.79	-0.52	-0.77	0.62	-0.59	0.92	0.9	0.94	0.67	0.64	-0.86	0.55	0.89	0.92	0.25	-0.25	0.94	0.22	-0.55	0.31		0.56
Common Stock Total Equity	0.29	0.26	0.42	0.87	0.66	-0.6	-0.23	0.27	-0.89	0.38	0.23	0.33	-0.05	0.27	-0.15	0.26	0.19	0.24	0.1	-0.78	0.37	-0.51	-0.93	0.15	0.56

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Marine Products Account Relationship Matchups

Marine Products fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	119.4M	132.8M	163.7M	193.8M	222.9M	117.6M
Total Stockholder Equity	84.5M	98.5M	124.4M	151.6M	174.3M	93.7M
Property Plant And Equipment Net	14.9M	14.4M	15.0M	22.5M	25.8M	15.2M
Non Current Assets Total	38.9M	39.7M	38.7M	54.6M	62.7M	49.8M
Non Currrent Assets Other	3.7M	3.9M	14.0M	19.3M	17.3M	11.6M
Other Assets	84.7M	21.6M	19.7M	1.0	1.15	1.09
Common Stock Shares Outstanding	33.9M	33.3M	33.4M	33.6M	33.8M	29.5M
Liabilities And Stockholders Equity	119.4M	132.8M	163.7M	193.8M	222.9M	117.6M
Inventory	42.3M	73.3M	73.0M	61.6M	70.9M	35.4M
Other Stockholder Equity	252K	(1.9M)	(2.6M)	(2.0M)	(1.8M)	(1.7M)
Total Liab	34.9M	34.3M	39.3M	42.2M	48.5M	51.0M
Property Plant And Equipment Gross	14.9M	46.2M	48.0M	55.2M	63.5M	66.7M
Total Current Assets	80.5M	93.1M	125.0M	139.2M	160.1M	168.1M
Other Current Liab	1.6M	1.0M	13.0M	16.5M	14.8M	15.6M
Total Current Liabilities	21.7M	18.1M	23.6M	22.6M	26.0M	16.7M
Net Debt	(31.5M)	(14.0M)	(42.9M)	(71.7M)	(64.5M)	(61.3M)
Accounts Payable	6.1M	6.8M	8.3M	6.1M	7.0M	4.5M
Cash	31.6M	14.1M	43.2M	72.0M	82.7M	86.9M
Cash And Short Term Investments	31.6M	14.1M	43.2M	72.0M	82.7M	86.9M
Net Receivables	4.7M	3.3M	5.4M	2.8M	3.3M	3.9M
Non Current Liabilities Total	13.2M	16.2M	15.7M	19.6M	22.6M	23.7M
Other Current Assets	1.9M	2.5M	3.4M	2.8M	2.6M	2.3M
Accumulated Other Comprehensive Income	(2.7M)	(1.9M)	(2.6M)	(2.0M)	(1.8M)	(1.7M)
Property Plant Equipment	14.8M	14.9M	14.4M	15.2M	13.7M	11.3M
Retained Earnings	83.1M	97.7M	123.0M	148.1M	170.4M	178.9M
Other Liab	10.4M	13.2M	16.2M	15.6M	17.9M	18.8M
Current Deferred Revenue	1.2M	1.3M	2.0M	654K	588.6K	882.7K
Short Term Debt	12.8M	9.0M	57K	654.0K	588.6K	559.2K
Net Tangible Assets	73.4M	80.7M	94.8M	120.6M	138.7M	89.5M
Retained Earnings Total Equity	74.0M	76.6M	83.1M	97.7M	112.4M	86.4M
Non Current Liabilities Other	13.2M	683K	1.3M	1.6M	1.5M	1.4M
Cash And Equivalents	19.8M	31.6M	14.1M	43.2M	49.6M	52.1M

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Marine Net Debt vs Accounts Payable Analysis

Net Debt vs Accounts Payable

Net Debt vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Debt

Accounts Payable

Marine Products fundamental ratios Correlations

Marine Products Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Marine Products fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Other Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.98	Total Liab
Non Current Liabilities Total	+ 0.98	Total Liab
Non Current Liabilities Total	+ 0.98	Total Current Assets

Cash	- 0.98	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Net Debt	- 0.94	Total Current Assets
Common Stock Total Equity	- 0.93	Intangible Assets
Non Current Liabilities Total	- 0.91	Net Debt
Net Debt	- 0.91	Total Liab