Ming Total Stockholder Equity vs Cash 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 Total Stockholder Equity and its Cash 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.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Shing Group Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ming Shing's Total Stockholder Equity and Cash is 0.74. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash 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 Total Stockholder Equity and Cash 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 Stockholder Equity of Ming Shing Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Ming Shing's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Ming Shing Group, which is listed under current asset account on Ming Shing Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ming Shing customers. The amounts must be unrestricted with restricted cash listed in a different Ming Shing account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Profit2.6M3.5M5.1M3.4M
Total Revenue14.4M21.9M27.6M19.2M

Ming Shing fundamental ratios Correlations

0.990.540.810.990.540.990.760.880.830.970.72-0.660.980.421.01.00.810.970.990.96-0.08
0.990.450.771.00.450.980.710.860.830.940.79-0.630.950.471.00.990.770.991.00.97-0.11
0.540.450.720.441.00.480.740.660.440.66-0.18-0.510.660.080.50.570.710.410.450.3-0.01
0.810.770.720.750.710.791.00.980.930.860.39-0.950.860.250.790.811.00.720.780.7-0.17
0.991.00.440.750.440.970.690.850.820.930.79-0.610.940.520.990.990.751.01.00.97-0.16
0.540.451.00.710.440.470.740.660.440.66-0.18-0.510.660.080.50.560.710.410.450.29-0.01
0.990.980.480.790.970.470.740.860.820.970.77-0.650.970.30.990.970.790.940.990.980.05
0.760.710.741.00.690.740.740.960.910.820.31-0.950.820.20.740.761.00.660.720.64-0.16
0.880.860.660.980.850.660.860.960.960.890.51-0.920.90.390.870.890.980.830.860.79-0.25
0.830.830.440.930.820.440.820.910.960.810.63-0.940.820.420.830.830.930.810.840.81-0.32
0.970.940.660.860.930.660.970.820.890.810.61-0.691.00.230.960.960.860.890.950.910.08
0.720.79-0.180.390.79-0.180.770.310.510.630.61-0.380.610.370.760.70.390.790.790.88-0.04
-0.66-0.63-0.51-0.95-0.61-0.51-0.65-0.95-0.92-0.94-0.69-0.38-0.69-0.21-0.65-0.65-0.95-0.58-0.64-0.60.25
0.980.950.660.860.940.660.970.820.90.821.00.61-0.690.270.970.970.860.910.960.910.04
0.420.470.080.250.520.080.30.20.390.420.230.37-0.210.270.430.470.250.590.430.35-0.88
1.01.00.50.790.990.50.990.740.870.830.960.76-0.650.970.431.00.80.981.00.97-0.08
1.00.990.570.810.990.560.970.760.890.830.960.7-0.650.970.471.00.810.980.990.94-0.13
0.810.770.711.00.750.710.791.00.980.930.860.39-0.950.860.250.80.810.720.780.71-0.17
0.970.990.410.721.00.410.940.660.830.810.890.79-0.580.910.590.980.980.720.980.95-0.24
0.991.00.450.781.00.450.990.720.860.840.950.79-0.640.960.431.00.990.780.980.98-0.08
0.960.970.30.70.970.290.980.640.790.810.910.88-0.60.910.350.970.940.710.950.980.02
-0.08-0.11-0.01-0.17-0.16-0.010.05-0.16-0.25-0.320.08-0.040.250.04-0.88-0.08-0.13-0.17-0.24-0.080.02
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Ming Shing Account Relationship Matchups

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