Miller Industries Stock Total Debt
| MLR Stock | USD 40.19 0.56 1.37% |
Fundamental analysis of Miller Industries allows traders to better anticipate movements in Miller Industries' stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Miller Industries Company Total Debt Analysis
Miller Industries' Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Miller Industries Total Debt | 65.55 M |
Most of Miller Industries' fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Miller Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Based on the latest financial disclosure, Miller Industries has a Total Debt of 65.55 M. This is 98.3% lower than that of the Machinery sector and 94.45% lower than that of the Industrials industry. The total debt for all United States stocks is 98.77% higher than that of the company.
Miller Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Miller Industries' direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Miller Industries could also be used in its relative valuation, which is a method of valuing Miller Industries by comparing valuation metrics of similar companies.Miller Industries is currently under evaluation in total debt category among its peers.
Miller Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0678 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 515.11 M | ||||
| Shares Outstanding | 11.46 M | ||||
| Shares Owned By Insiders | 4.80 % | ||||
| Shares Owned By Institutions | 99.18 % | ||||
| Number Of Shares Shorted | 787.44 K | ||||
| Price To Earning | 10.55 X | ||||
| Price To Book | 1.15 X | ||||
| Price To Sales | 0.41 X | ||||
| Revenue | 1.26 B | ||||
| Gross Profit | 160.51 M | ||||
| EBITDA | 84.48 M | ||||
| Net Income | 63.49 M | ||||
| Cash And Equivalents | 24.34 M | ||||
| Cash Per Share | 2.73 X | ||||
| Total Debt | 65.55 M | ||||
| Debt To Equity | 0.14 % | ||||
| Current Ratio | 2.27 X | ||||
| Book Value Per Share | 35.47 X | ||||
| Cash Flow From Operations | 16.87 M | ||||
| Short Ratio | 10.36 X | ||||
| Earnings Per Share | 4.69 X | ||||
| Target Price | 67.0 | ||||
| Number Of Employees | 1.69 K | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 460.55 M | ||||
| Total Asset | 667.01 M | ||||
| Retained Earnings | 254.94 M | ||||
| Working Capital | 331.89 M | ||||
| Current Asset | 219.26 M | ||||
| Current Liabilities | 94.49 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.40 % | ||||
| Net Asset | 667.01 M | ||||
| Last Dividend Paid | 0.77 |
About Miller Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Miller Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Miller Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Miller Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Miller Industries
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 Miller Industries 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 Miller Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Miller Stock
| 0.56 | WPRT | Westport Fuel Systems | PairCorr |
| 0.52 | SLDP | Solid Power Earnings Call This Week | PairCorr |
| 0.51 | MPU | Mega Matrix Corp Trending | PairCorr |
| 0.51 | SLDPW | Solid Power | PairCorr |
| 0.48 | CNR | Core Natural Resources, Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Miller Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miller Industries 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 Miller Industries - 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 Miller Industries to buy it.
The correlation of Miller Industries 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 Miller Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miller Industries 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 Miller Industries 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.Additional Tools for Miller Stock Analysis
When running Miller Industries' price analysis, check to measure Miller Industries' 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 Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.