Millennium Non Current Liabilities Total vs Cash And Short Term Investments Analysis

MGIH Stock

1.38 0.02 1.43%

Millennium Group financial indicator trend analysis is infinitely more than just investigating Millennium Group Int recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millennium Group Int is a good investment. Please check the relationship between Millennium Group Non Current Liabilities Total and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Non Current Liabilities Total vs Cash And Short Term Investments

Non Current Liabilities Total vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millennium Group Int Non Current Liabilities Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Millennium Group's Non Current Liabilities Total and Cash And Short Term Investments is -0.72. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Millennium Group International, assuming nothing else is changed. The correlation between historical values of Millennium Group's Non Current Liabilities Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Millennium Group International are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Current Liabilities Total i.e., Millennium Group's Non Current Liabilities Total and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Non Current Liabilities Total

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Millennium Group Int balance sheet. This account contains Millennium Group investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Millennium Group International fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Millennium Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Millennium Group Int 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 Millennium Group International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

As of now, Millennium Group's Enterprise Value Over EBITDA is decreasing as compared to previous years. The Millennium Group's current Enterprise Value Multiple is estimated to increase to 4.63, while Tax Provision is forecasted to increase to (66.1 K).

	2021	2022	2023	2024 (projected)
Interest Expense	425.8K	684.4K	787.0K	570.1K
Depreciation And Amortization	1.9M	1.7M	1.5M	1.5M

Interest Expense Depreciation And Amortization

Millennium Group fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations
Other Current Liab		0.98	-0.94	0.9	0.87	-0.82	0.9	0.38	0.28	-0.93	0.92	-0.78	0.98	0.94	0.97	-0.97	0.96	-0.95	0.9	-0.71	0.95	0.61	-0.71	0.8	1.0	0.98
Total Current Liabilities	0.98		-0.98	0.95	0.93	-0.8	0.92	0.37	0.25	-0.98	0.89	-0.81	0.98	0.91	0.96	-0.97	0.95	-0.97	0.9	-0.77	0.94	0.59	-0.77	0.75	0.97	0.96
Net Tangible Assets	-0.94	-0.98		-0.94	-0.9	0.82	-0.89	-0.32	-0.19	0.99	-0.84	0.81	-0.96	-0.87	-0.92	0.97	-0.91	0.96	-0.83	0.75	-0.9	-0.52	0.75	-0.7	-0.94	-0.9
Retained Earnings	0.9	0.95	-0.94		0.91	-0.65	0.79	0.12	-0.04	-0.98	0.78	-0.69	0.95	0.81	0.86	-0.87	0.85	-0.86	0.78	-0.63	0.83	0.49	-0.63	0.66	0.89	0.86
Accounts Payable	0.87	0.93	-0.9	0.91		-0.76	0.94	0.49	0.31	-0.92	0.88	-0.88	0.92	0.91	0.93	-0.88	0.93	-0.92	0.93	-0.87	0.93	0.75	-0.87	0.82	0.87	0.92
Other Assets	-0.82	-0.8	0.82	-0.65	-0.76		-0.87	-0.64	-0.56	0.74	-0.91	0.94	-0.82	-0.9	-0.89	0.92	-0.89	0.88	-0.81	0.85	-0.9	-0.75	0.85	-0.85	-0.82	-0.85
Net Receivables	0.9	0.92	-0.89	0.79	0.94	-0.87		0.7	0.58	-0.86	0.92	-0.93	0.88	0.94	0.97	-0.92	0.97	-0.97	0.98	-0.94	0.97	0.77	-0.94	0.84	0.9	0.96
Inventory	0.38	0.37	-0.32	0.12	0.49	-0.64	0.7		0.97	-0.24	0.6	-0.73	0.31	0.59	0.57	-0.45	0.59	-0.56	0.69	-0.81	0.61	0.76	-0.81	0.64	0.4	0.55
Other Current Assets	0.28	0.25	-0.19	-0.04	0.31	-0.56	0.58	0.97		-0.1	0.48	-0.61	0.17	0.46	0.45	-0.35	0.47	-0.45	0.56	-0.69	0.48	0.61	-0.69	0.5	0.3	0.43
Other Stockholder Equity	-0.93	-0.98	0.99	-0.98	-0.92	0.74	-0.86	-0.24	-0.1		-0.82	0.76	-0.96	-0.85	-0.9	0.93	-0.89	0.93	-0.82	0.71	-0.88	-0.5	0.71	-0.68	-0.92	-0.89
Total Current Assets	0.92	0.89	-0.84	0.78	0.88	-0.91	0.92	0.6	0.48	-0.82		-0.9	0.92	1.0	0.97	-0.93	0.98	-0.9	0.95	-0.83	0.98	0.86	-0.83	0.97	0.93	0.97
Common Stock	-0.78	-0.81	0.81	-0.69	-0.88	0.94	-0.93	-0.73	-0.61	0.76	-0.9		-0.81	-0.9	-0.9	0.87	-0.91	0.89	-0.89	0.97	-0.92	-0.85	0.97	-0.88	-0.78	-0.86
Property Plant Equipment	0.98	0.98	-0.96	0.95	0.92	-0.82	0.88	0.31	0.17	-0.96	0.92	-0.81		0.94	0.96	-0.96	0.95	-0.93	0.88	-0.72	0.94	0.65	-0.72	0.82	0.97	0.95
Total Assets	0.94	0.91	-0.87	0.81	0.91	-0.9	0.94	0.59	0.46	-0.85	1.0	-0.9	0.94		0.98	-0.94	0.99	-0.92	0.96	-0.84	0.99	0.84	-0.84	0.95	0.94	0.98
Short Long Term Debt Total	0.97	0.96	-0.92	0.86	0.93	-0.89	0.97	0.57	0.45	-0.9	0.97	-0.9	0.96	0.98		-0.97	1.0	-0.97	0.97	-0.85	1.0	0.76	-0.85	0.89	0.97	1.0
Total Stockholder Equity	-0.97	-0.97	0.97	-0.87	-0.88	0.92	-0.92	-0.45	-0.35	0.93	-0.93	0.87	-0.96	-0.94	-0.97		-0.97	0.97	-0.88	0.79	-0.96	-0.65	0.79	-0.82	-0.97	-0.96
Property Plant And Equipment Net	0.96	0.95	-0.91	0.85	0.93	-0.89	0.97	0.59	0.47	-0.89	0.98	-0.91	0.95	0.99	1.0	-0.97		-0.97	0.97	-0.86	1.0	0.79	-0.86	0.9	0.96	0.99
Current Deferred Revenue	-0.95	-0.97	0.96	-0.86	-0.92	0.88	-0.97	-0.56	-0.45	0.93	-0.9	0.89	-0.93	-0.92	-0.97	0.97	-0.97		-0.93	0.87	-0.96	-0.64	0.87	-0.77	-0.95	-0.96
Net Debt	0.9	0.9	-0.83	0.78	0.93	-0.81	0.98	0.69	0.56	-0.82	0.95	-0.89	0.88	0.96	0.97	-0.88	0.97	-0.93		-0.89	0.98	0.83	-0.89	0.89	0.9	0.97
Cash	-0.71	-0.77	0.75	-0.63	-0.87	0.85	-0.94	-0.81	-0.69	0.71	-0.83	0.97	-0.72	-0.84	-0.85	0.79	-0.86	0.87	-0.89		-0.87	-0.83	1.0	-0.81	-0.72	-0.82
Non Current Assets Total	0.95	0.94	-0.9	0.83	0.93	-0.9	0.97	0.61	0.48	-0.88	0.98	-0.92	0.94	0.99	1.0	-0.96	1.0	-0.96	0.98	-0.87		0.81	-0.87	0.92	0.96	0.99
Non Currrent Assets Other	0.61	0.59	-0.52	0.49	0.75	-0.75	0.77	0.76	0.61	-0.5	0.86	-0.85	0.65	0.84	0.76	-0.65	0.79	-0.64	0.83	-0.83	0.81		-0.83	0.95	0.62	0.75
Cash And Short Term Investments	-0.71	-0.77	0.75	-0.63	-0.87	0.85	-0.94	-0.81	-0.69	0.71	-0.83	0.97	-0.72	-0.84	-0.85	0.79	-0.86	0.87	-0.89	1.0	-0.87	-0.83		-0.81	-0.72	-0.82
Common Stock Shares Outstanding	0.8	0.75	-0.7	0.66	0.82	-0.85	0.84	0.64	0.5	-0.68	0.97	-0.88	0.82	0.95	0.89	-0.82	0.9	-0.77	0.89	-0.81	0.92	0.95	-0.81		0.8	0.89
Non Current Liabilities Total	1.0	0.97	-0.94	0.89	0.87	-0.82	0.9	0.4	0.3	-0.92	0.93	-0.78	0.97	0.94	0.97	-0.97	0.96	-0.95	0.9	-0.72	0.96	0.62	-0.72	0.8		0.98
Capital Lease Obligations	0.98	0.96	-0.9	0.86	0.92	-0.85	0.96	0.55	0.43	-0.89	0.97	-0.86	0.95	0.98	1.0	-0.96	0.99	-0.96	0.97	-0.82	0.99	0.75	-0.82	0.89	0.98

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Millennium Group Account Relationship Matchups

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When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:

How To Invest In Millennium

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Is Millennium Stock a good investment?

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What is Millennium Group's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Millennium Group's price analysis, check to measure Millennium Group'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 Millennium Group is operating at the current time. Most of Millennium Group's value examination focuses on studying past and present price action to predict the probability of Millennium Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Group's price. Additionally, you may evaluate how the addition of Millennium Group to your portfolios can decrease your overall portfolio volatility.

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Is Millennium Group'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 Millennium Group. If investors know Millennium 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 Millennium Group 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

(0.50)

Earnings Share

(0.03)

Revenue Per Share

4.426

Quarterly Revenue Growth

(0.37)

Return On Assets

(0.01)

The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.

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Millennium Non Current Liabilities Total vs Cash And Short Term Investments Analysis

Non Current Liabilities Total vs Cash And Short Term Investments

Non Current Liabilities Total vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Cash And Short Term Investments

Millennium Group fundamental ratios Correlations

Millennium Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Non Current Liabilities Total	+ 1.0	Other Current Liab
Total Assets	+ 1.0	Total Current Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net

Other Stockholder Equity	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.98	Total Current Liabilities
Net Tangible Assets	- 0.98	Total Current Liabilities
Current Deferred Revenue	- 0.97	Property Plant And Equipment Net
Non Current Liabilities Total	- 0.97	Total Stockholder Equity
Property Plant And Equipment Net	- 0.97	Total Stockholder Equity