Music Net Debt vs Other Stockholder Equity Analysis

RADIOCITY   12.50  0.26  2.12%   
Music Broadcast financial indicator trend analysis is infinitely more than just investigating Music Broadcast recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Music Broadcast is a good investment. Please check the relationship between Music Broadcast Net Debt and its Other Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Music Broadcast 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 persons.

Net Debt vs Other Stockholder Equity

Net Debt vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Music Broadcast Net Debt account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Music Broadcast's Net Debt and Other Stockholder Equity is -0.29. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Music Broadcast Limited, assuming nothing else is changed. The correlation between historical values of Music Broadcast's Net Debt and Other Stockholder Equity 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 Music Broadcast Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Debt i.e., Music Broadcast's Net Debt and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Other Stockholder Equity

Most indicators from Music Broadcast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Music Broadcast 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Music Broadcast 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 persons.
The Music Broadcast's current Tax Provision is estimated to increase to about 87.6 M, while Selling General Administrative is projected to decrease to under 46.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense19.4M39.1M93.9M66.9M
Depreciation And Amortization327.5M328.0M334.3M280.3M

Music Broadcast fundamental ratios Correlations

-0.490.580.060.950.790.41-0.580.9-0.320.210.88-0.080.68-0.26-0.530.440.16-0.420.68-0.050.810.590.85-0.54-0.5
-0.49-0.040.47-0.73-0.530.140.76-0.640.610.2-0.52-0.21-0.37-0.410.95-0.5-0.040.99-0.20.47-0.730.06-0.790.290.88
0.58-0.040.090.460.4-0.05-0.070.420.020.050.70.230.05-0.36-0.01-0.080.640.030.11-0.080.40.350.36-0.39-0.04
0.060.470.09-0.13-0.130.710.0-0.250.840.64-0.060.070.34-0.780.17-0.360.170.560.210.97-0.360.71-0.360.240.07
0.95-0.730.46-0.130.80.26-0.710.92-0.480.090.860.010.65-0.06-0.730.530.13-0.670.61-0.220.890.420.94-0.51-0.69
0.79-0.530.4-0.130.80.25-0.310.9-0.35-0.250.83-0.340.41-0.22-0.50.59-0.08-0.480.33-0.230.830.240.77-0.6-0.59
0.410.14-0.050.710.260.25-0.140.250.310.40.13-0.330.62-0.47-0.09-0.09-0.280.220.630.67-0.010.70.07-0.13-0.11
-0.580.76-0.070.0-0.71-0.31-0.14-0.490.31-0.49-0.45-0.3-0.7-0.020.86-0.38-0.290.72-0.49-0.03-0.6-0.32-0.670.090.76
0.9-0.640.42-0.250.920.90.25-0.49-0.56-0.140.84-0.270.520.01-0.590.58-0.04-0.60.53-0.360.90.280.91-0.73-0.56
-0.320.610.020.84-0.48-0.350.310.31-0.560.36-0.290.12-0.08-0.650.39-0.370.140.68-0.210.82-0.580.44-0.640.360.24
0.210.20.050.640.09-0.250.4-0.49-0.140.36-0.020.20.56-0.54-0.03-0.090.370.250.460.68-0.070.57-0.050.30.04
0.88-0.520.7-0.060.860.830.13-0.450.84-0.29-0.020.10.31-0.25-0.510.340.38-0.460.25-0.210.840.340.82-0.57-0.54
-0.08-0.210.230.070.01-0.34-0.33-0.3-0.270.120.20.1-0.140.07-0.25-0.430.63-0.18-0.30.07-0.120.0-0.020.38-0.21
0.68-0.370.050.340.650.410.62-0.70.52-0.080.560.31-0.14-0.27-0.540.41-0.12-0.310.890.370.430.680.51-0.19-0.49
-0.26-0.41-0.36-0.78-0.06-0.22-0.47-0.020.01-0.65-0.54-0.250.07-0.27-0.210.04-0.29-0.5-0.16-0.730.06-0.630.15-0.21-0.05
-0.530.95-0.010.17-0.73-0.5-0.090.86-0.590.39-0.03-0.51-0.25-0.54-0.21-0.42-0.090.91-0.290.16-0.65-0.15-0.730.210.96
0.44-0.5-0.08-0.360.530.59-0.09-0.380.58-0.37-0.090.34-0.430.410.04-0.42-0.38-0.50.37-0.360.60.160.55-0.29-0.43
0.16-0.040.640.170.13-0.08-0.28-0.29-0.040.140.370.380.63-0.12-0.29-0.09-0.38-0.01-0.270.10.170.030.10.04-0.09
-0.420.990.030.56-0.67-0.480.220.72-0.60.680.25-0.46-0.18-0.31-0.50.91-0.5-0.01-0.150.54-0.70.17-0.760.270.83
0.68-0.20.110.210.610.330.63-0.490.53-0.210.460.25-0.30.89-0.16-0.290.37-0.27-0.150.210.350.660.46-0.23-0.19
-0.050.47-0.080.97-0.22-0.230.67-0.03-0.360.820.68-0.210.070.37-0.730.16-0.360.10.540.21-0.420.62-0.420.370.07
0.81-0.730.4-0.360.890.83-0.01-0.60.9-0.58-0.070.84-0.120.430.06-0.650.60.17-0.70.35-0.420.080.96-0.65-0.62
0.590.060.350.710.420.240.7-0.320.280.440.570.340.00.68-0.63-0.150.160.030.170.660.620.080.14-0.05-0.18
0.85-0.790.36-0.360.940.770.07-0.670.91-0.64-0.050.82-0.020.510.15-0.730.550.1-0.760.46-0.420.960.14-0.61-0.65
-0.540.29-0.390.24-0.51-0.6-0.130.09-0.730.360.3-0.570.38-0.19-0.210.21-0.290.040.27-0.230.37-0.65-0.05-0.610.17
-0.50.88-0.040.07-0.69-0.59-0.110.76-0.560.240.04-0.54-0.21-0.49-0.050.96-0.43-0.090.83-0.190.07-0.62-0.18-0.650.17
Click cells to compare fundamentals

Music Broadcast Account Relationship Matchups

Music Broadcast fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.9B6.6B6.5B6.6B6.8B5.9B
Short Long Term Debt Total221.2M234.3M194.5M983.3M1.1B978.7M
Other Current Liab33.3M98.7M54.2M94.0M169.5M90.4M
Total Current Liabilities339.3M270.8M351.3M363.3M436.7M525.0M
Total Stockholder Equity6.3B6.1B6.0B5.2B5.3B4.1B
Property Plant And Equipment Net949.3M896.9M823.3M806.9M870.8M588.4M
Current Deferred Revenue59.9M52.9M72.7M40.3M46.3M84.5M
Net Debt145.1M135.4M118.1M919.0M970.2M686.0M
Retained Earnings167.4M(52.8M)(114.5M)(77.3M)(7.9M)(8.3M)
Accounts Payable207.8M121.6M164.5M173.3M220.3M188.8M
Cash76.1M98.9M76.4M64.3M94.0M89.3M
Non Current Assets Total3.4B3.6B5.0B5.1B5.0B3.4B
Non Currrent Assets Other(1K)231.4M235.2M413.9M92.4M87.7M
Cash And Short Term Investments2.2B1.9B344.0M604.0M741.1M1.1B
Liabilities And Stockholders Equity6.9B6.6B6.5B6.6B6.8B5.9B
Non Current Liabilities Total220.5M198.2M153.4M951.1M1.1B783.9M
Other Current Assets1.3B292.7M425.4M299.5M325.6M257.5M
Other Stockholder Equity(824.6M)(1.3B)3.4B3.3B4.6B3.0B
Total Liab559.8M469.1M504.7M1.3B1.5B1.3B
Total Current Assets3.5B2.9B1.5B1.5B1.8B2.4B
Accumulated Other Comprehensive Income(149.2M)(283.1M)2.1B1.4B981.4M1.0B
Short Term Debt38.4M48.9M(12.8M)15.5M47.0M44.6M
Other Liab42.1M37.6M13.7M18.8M17.0M24.9M
Net Tangible Assets3.7B4.2B4.2B4.3B5.0B2.7B
Other Assets298.6M408.8M432.4M211.4M1.00.95
Long Term Debt499.1M156.3M0.0837.2M916.0M662.8M
Net Receivables1.1B772.7M756.2M658.7M735.0M705.0M
Short Term Investments2.1B1.8B267.6M539.7M647.1M846.0M
Intangible Assets2.1B1.9B1.7B1.5B1.3B1.9B
Property Plant Equipment948.8M896.1M823.3M806.9M927.9M574.5M
Long Term Debt Total182.9M184.6M134.6M927.6M834.8M876.6M
Inventory(1.1B)9.7M133.1M(148.0M)160.8M168.8M
Net Invested Capital6.3B6.1B6.0B6.1B6.2B5.0B
Net Working Capital3.1B2.6B1.2B1.1B1.4B1.6B

Also Currently Popular

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 Music Stock

Balance Sheet is a snapshot of the financial position of Music Broadcast at a specified time, usually calculated after every quarter, six months, or one year. Music Broadcast Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Music Broadcast 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 Music currently owns. An asset can also be divided into two categories, current and non-current.