Ming Capital Lease Obligations vs Common Stock Shares Outstanding Analysis

MSW Stock

USD 4.17 0.17 3.92%

Ming Shing financial indicator trend analysis is infinitely more than just investigating Ming Shing Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Shing Group is a good investment. Please check the relationship between Ming Shing Capital Lease Obligations and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Capital Lease Obligations vs Common Stock Shares Outstanding

Capital Lease Obligations vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Capital Lease Obligations account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ming Shing's Capital Lease Obligations and Common Stock Shares Outstanding is -0.21. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Ming Shing Group, assuming nothing else is changed. The correlation between historical values of Ming Shing's Capital Lease Obligations and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Ming Shing Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Capital Lease Obligations i.e., Ming Shing's Capital Lease Obligations and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Lease Obligations

Ming Shing Group capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Ming Shing asset purchases. For example, Ming Shing can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Ming Shing control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Ming Shing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Shing 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ming Shing Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Tax Provision is likely to drop to about 419.4 K in 2024. Selling General Administrative is likely to drop to about 764.9 K in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	2.6M	3.5M	5.1M	3.4M
Total Revenue	14.4M	21.9M	27.6M	19.2M

Gross Profit Total Revenue

Ming Shing fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.99	0.54	0.81	0.99	0.54	0.99	0.76	0.88	0.83	0.97	0.72	-0.66	0.98	0.42	1.0	1.0	0.81	0.97	0.99	0.96	-0.08
Total Current Liabilities	0.99		0.45	0.77	1.0	0.45	0.98	0.71	0.86	0.83	0.94	0.79	-0.63	0.95	0.47	1.0	0.99	0.77	0.99	1.0	0.97	-0.11
Total Stockholder Equity	0.54	0.45		0.72	0.44	1.0	0.48	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.57	0.71	0.41	0.45	0.3	-0.01
Property Plant And Equipment Net	0.81	0.77	0.72		0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.79	0.81	1.0	0.72	0.78	0.7	-0.17
Net Debt	0.99	1.0	0.44	0.75		0.44	0.97	0.69	0.85	0.82	0.93	0.79	-0.61	0.94	0.52	0.99	0.99	0.75	1.0	1.0	0.97	-0.16
Retained Earnings	0.54	0.45	1.0	0.71	0.44		0.47	0.74	0.66	0.44	0.66	-0.18	-0.51	0.66	0.08	0.5	0.56	0.71	0.41	0.45	0.29	-0.01
Accounts Payable	0.99	0.98	0.48	0.79	0.97	0.47		0.74	0.86	0.82	0.97	0.77	-0.65	0.97	0.3	0.99	0.97	0.79	0.94	0.99	0.98	0.05
Cash	0.76	0.71	0.74	1.0	0.69	0.74	0.74		0.96	0.91	0.82	0.31	-0.95	0.82	0.2	0.74	0.76	1.0	0.66	0.72	0.64	-0.16
Non Current Assets Total	0.88	0.86	0.66	0.98	0.85	0.66	0.86	0.96		0.96	0.89	0.51	-0.92	0.9	0.39	0.87	0.89	0.98	0.83	0.86	0.79	-0.25
Non Currrent Assets Other	0.83	0.83	0.44	0.93	0.82	0.44	0.82	0.91	0.96		0.81	0.63	-0.94	0.82	0.42	0.83	0.83	0.93	0.81	0.84	0.81	-0.32
Long Term Debt	0.97	0.94	0.66	0.86	0.93	0.66	0.97	0.82	0.89	0.81		0.61	-0.69	1.0	0.23	0.96	0.96	0.86	0.89	0.95	0.91	0.08
Net Receivables	0.72	0.79	-0.18	0.39	0.79	-0.18	0.77	0.31	0.51	0.63	0.61		-0.38	0.61	0.37	0.76	0.7	0.39	0.79	0.79	0.88	-0.04
Common Stock Shares Outstanding	-0.66	-0.63	-0.51	-0.95	-0.61	-0.51	-0.65	-0.95	-0.92	-0.94	-0.69	-0.38		-0.69	-0.21	-0.65	-0.65	-0.95	-0.58	-0.64	-0.6	0.25
Non Current Liabilities Total	0.98	0.95	0.66	0.86	0.94	0.66	0.97	0.82	0.9	0.82	1.0	0.61	-0.69		0.27	0.97	0.97	0.86	0.91	0.96	0.91	0.04
Capital Lease Obligations	0.42	0.47	0.08	0.25	0.52	0.08	0.3	0.2	0.39	0.42	0.23	0.37	-0.21	0.27		0.43	0.47	0.25	0.59	0.43	0.35	-0.88
Total Liab	1.0	1.0	0.5	0.79	0.99	0.5	0.99	0.74	0.87	0.83	0.96	0.76	-0.65	0.97	0.43		1.0	0.8	0.98	1.0	0.97	-0.08
Net Invested Capital	1.0	0.99	0.57	0.81	0.99	0.56	0.97	0.76	0.89	0.83	0.96	0.7	-0.65	0.97	0.47	1.0		0.81	0.98	0.99	0.94	-0.13
Property Plant And Equipment Gross	0.81	0.77	0.71	1.0	0.75	0.71	0.79	1.0	0.98	0.93	0.86	0.39	-0.95	0.86	0.25	0.8	0.81		0.72	0.78	0.71	-0.17
Short Long Term Debt	0.97	0.99	0.41	0.72	1.0	0.41	0.94	0.66	0.83	0.81	0.89	0.79	-0.58	0.91	0.59	0.98	0.98	0.72		0.98	0.95	-0.24
Total Current Assets	0.99	1.0	0.45	0.78	1.0	0.45	0.99	0.72	0.86	0.84	0.95	0.79	-0.64	0.96	0.43	1.0	0.99	0.78	0.98		0.98	-0.08
Capital Stock	0.96	0.97	0.3	0.7	0.97	0.29	0.98	0.64	0.79	0.81	0.91	0.88	-0.6	0.91	0.35	0.97	0.94	0.71	0.95	0.98		0.02
Net Working Capital	-0.08	-0.11	-0.01	-0.17	-0.16	-0.01	0.05	-0.16	-0.25	-0.32	0.08	-0.04	0.25	0.04	-0.88	-0.08	-0.13	-0.17	-0.24	-0.08	0.02

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Ming Shing Account Relationship Matchups

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Ming Capital Lease Obligations vs Common Stock Shares Outstanding Analysis

Capital Lease Obligations vs Common Stock Shares Outstanding

Capital Lease Obligations vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Capital Lease Obligations

Common Stock Shares Outstanding

Ming Shing fundamental ratios Correlations

Ming Shing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Ming Stock Analysis

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Total Liab	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity

Property Plant And Equipment Gross	- 0.95	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.95	Cash
Common Stock Shares Outstanding	- 0.95	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.94	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.92	Non Current Assets Total
Net Working Capital	- 0.88	Capital Lease Obligations