Masonite Long Term Debt vs Total Current Assets Analysis
DOOR Stock | USD 132.84 0.07 0.05% |
Masonite International financial indicator trend analysis is infinitely more than just investigating Masonite International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Masonite International is a good investment. Please check the relationship between Masonite International Long Term Debt and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Masonite International Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Long Term Debt vs Total Current Assets
Long Term Debt vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Masonite International Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Masonite International's Long Term Debt and Total Current Assets is 0.8. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Masonite International Corp, assuming nothing else is changed. The correlation between historical values of Masonite International's Long Term Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Masonite International Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., Masonite International's Long Term Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Debt
Long-term debt is a debt that Masonite International has held for over one year. Long-term debt appears on Masonite International Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Masonite International Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Masonite International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Masonite International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Masonite International Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. As of 05/16/2024, Selling General Administrative is likely to drop to about 192.6 M. In addition to that, Discontinued Operations is likely to drop to about (550.9 K)
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 611.8M | 673.9M | 660.5M | 432.2M | Total Revenue | 2.6B | 2.9B | 2.8B | 2.2B |
Masonite International fundamental ratios Correlations
Click cells to compare fundamentals
Masonite International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Masonite International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.1B | 2.2B | 2.2B | 2.7B | 2.0B | |
Other Current Liab | 161.8M | 266.1M | 220.3M | 196.9M | 208.2M | 157.7M | |
Total Current Liabilities | 267.7M | 386.0M | 384.6M | 348.9M | 394.6M | 322.1M | |
Total Stockholder Equity | 624.9M | 685.0M | 688.2M | 732.1M | 848.3M | 744.4M | |
Retained Earnings | (20.0M) | 20.4M | 24.2M | 127.8M | 211.9M | 222.5M | |
Accounts Payable | 84.9M | 97.2M | 138.8M | 111.5M | 113.2M | 102.4M | |
Cash | 167.0M | 364.7M | 381.4M | 296.9M | 149.3M | 150.4M | |
Other Assets | 70.8M | 72.7M | 66.7M | 49.5M | 56.9M | 43.7M | |
Long Term Debt | 791.0M | 792.2M | 865.7M | 866.1M | 1.0B | 757.8M | |
Good Will | 184.2M | 138.7M | 77.1M | 69.9M | 294.7M | 149.0M | |
Inventory | 242.2M | 261.0M | 347.5M | 406.8M | 391.2M | 298.5M | |
Other Current Assets | 43.8M | 53.1M | 60.5M | 55.1M | 60.1M | 32.2M | |
Total Liab | 1.3B | 1.4B | 1.5B | 1.5B | 1.8B | 1.2B | |
Intangible Assets | 184.5M | 169.4M | 150.5M | 136.1M | 402.9M | 231.3M | |
Common Stock | 558.5M | 553.0M | 543.4M | 520.0M | 525.2M | 537.1M | |
Property Plant Equipment | 625.6M | 625.1M | 803.2M | 813.0M | 935.0M | 695.4M | |
Other Liab | 103.7M | 128.2M | 130.8M | 109.5M | 126.0M | 90.0M | |
Common Stock Shares Outstanding | 25.5M | 24.9M | 24.6M | 22.8M | 22.3M | 21.8M | |
Short Long Term Debt Total | 901.5M | 928.5M | 1.0B | 1.0B | 1.3B | 670.6M | |
Net Tangible Assets | 256.2M | 376.9M | 460.7M | 526.2M | 473.6M | 389.5M | |
Property Plant And Equipment Net | 747.0M | 771.9M | 803.2M | 813.0M | 950.8M | 741.6M | |
Noncontrolling Interest In Consolidated Entity | 11.9M | 12.0M | 10.2M | 11.5M | 10.4M | 11.2M | |
Net Debt | 734.5M | 563.8M | 650.0M | 744.8M | 1.2B | 1.2B | |
Non Current Assets Total | 1.2B | 1.2B | 1.1B | 1.1B | 1.7B | 1.1B | |
Non Currrent Assets Other | 44.8M | 47.4M | 45.9M | 33.3M | 36.5M | 29.0M | |
Cash And Short Term Investments | 167.0M | 364.7M | 381.4M | 296.9M | 149.3M | 191.4M | |
Net Receivables | 281.0M | 291.6M | 344.7M | 392.8M | 352.8M | 301.0M | |
Common Stock Total Equity | 575.2M | 558.5M | 553.0M | 543.4M | 624.9M | 610.6M | |
Retained Earnings Total Equity | (30.8M) | (20.0M) | 20.4M | 24.2M | 27.9M | 29.3M | |
Liabilities And Stockholders Equity | 1.9B | 2.1B | 2.2B | 2.2B | 2.7B | 2.0B | |
Non Current Liabilities Total | 1.0B | 1.1B | 1.2B | 1.2B | 1.4B | 826.5M | |
Other Stockholder Equity | 216.6M | 223.7M | 222.2M | 226.5M | 231.3M | 297.0M | |
Deferred Long Term Liab | 82.1M | 83.5M | 73.1M | 77.9M | 89.6M | 84.0M | |
Long Term Investments | 16.1M | 14.6M | 15.0M | 16.1M | 20.4M | 14.4M | |
Property Plant And Equipment Gross | 747.0M | 771.9M | 803.2M | 813.0M | 1.4B | 778.0M |
Pair Trading with Masonite International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Masonite International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Masonite International will appreciate offsetting losses from the drop in the long position's value.Moving together with Masonite Stock
0.87 | OC | Owens Corning | PairCorr |
0.92 | TT | Trane Technologies plc | PairCorr |
0.64 | VKSC | Viskase Companies | PairCorr |
Moving against Masonite Stock
0.81 | AGRI | AgriFORCE Growing Systems | PairCorr |
0.61 | JBI | Janus International | PairCorr |
0.59 | FBIN | Fortune Brands Innov | PairCorr |
0.55 | ROCK | Gibraltar Industries | PairCorr |
0.5 | MAS | Masco | PairCorr |
The ability to find closely correlated positions to Masonite International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Masonite International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Masonite International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Masonite International Corp to buy it.
The correlation of Masonite International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Masonite International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Masonite International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Masonite International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Masonite International Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Masonite International's price analysis, check to measure Masonite International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Masonite International is operating at the current time. Most of Masonite International's value examination focuses on studying past and present price action to predict the probability of Masonite International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Masonite International's price. Additionally, you may evaluate how the addition of Masonite International to your portfolios can decrease your overall portfolio volatility.
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Is Masonite International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Masonite International. If investors know Masonite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Masonite International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.602 | Earnings Share 6.32 | Revenue Per Share 107.414 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0799 |
The market value of Masonite International is measured differently than its book value, which is the value of Masonite that is recorded on the company's balance sheet. Investors also form their own opinion of Masonite International's value that differs from its market value or its book value, called intrinsic value, which is Masonite International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Masonite International's market value can be influenced by many factors that don't directly affect Masonite International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Masonite International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Masonite International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Masonite International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.