Magnolia Non Current Liabilities Total vs Net Debt Analysis

MGY Stock

USD 27.68 0.27 0.97%

Magnolia Oil financial indicator trend analysis is infinitely more than just investigating Magnolia Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnolia Oil Gas is a good investment. Please check the relationship between Magnolia Oil Non Current Liabilities Total and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magnolia Oil Gas Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Magnolia Oil's Non Current Liabilities Total and Net Debt is 0.29. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Magnolia Oil Gas, assuming nothing else is changed. The correlation between historical values of Magnolia Oil's Non Current Liabilities Total and Net Debt 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 Magnolia Oil Gas are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Magnolia Oil's Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Non Current Liabilities Total

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.

Most indicators from Magnolia Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnolia Oil Gas 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 Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Magnolia Oil's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.08 in 2024, whereas Selling General Administrative is likely to drop slightly above 66.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	31.0M	23.4M	33K	31.4K
Depreciation And Amortization	202.0M	246.4M	328.8M	289.4M

Interest Expense Depreciation And Amortization

Magnolia Oil fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Other Liab	Net Tangible Assets	Warrants	Accounts Payable	Other Assets	Net Receivables
Total Assets		0.94	0.85	0.95	0.32	0.22	0.66	0.98	-0.87	0.66	-0.89	0.87	0.92	0.68	0.89	0.91	0.99	0.74	0.63	-0.89	-0.86	0.98	-0.32	0.76	-0.87	0.65
Other Current Liab	0.94		0.89	0.87	0.23	0.11	0.73	0.88	-0.89	0.73	-0.9	0.89	0.91	0.76	0.9	0.92	0.92	0.81	0.72	-0.9	-0.9	0.93	-0.3	0.81	-0.85	0.73
Total Current Liabilities	0.85	0.89		0.82	-0.08	0.13	0.94	0.73	-0.92	0.94	-0.92	0.96	0.92	0.68	0.85	0.96	0.9	0.98	0.93	-0.92	-0.93	0.92	-0.39	0.99	-0.8	0.87
Total Stockholder Equity	0.95	0.87	0.82		0.12	0.47	0.66	0.93	-0.74	0.66	-0.76	0.77	0.8	0.54	0.73	0.82	0.98	0.72	0.62	-0.76	-0.73	0.96	-0.36	0.76	-0.73	0.73
Net Debt	0.32	0.23	-0.08	0.12		-0.34	-0.36	0.45	-0.23	-0.36	-0.25	0.13	0.29	0.13	0.37	0.17	0.17	-0.25	-0.37	-0.25	-0.22	0.17	0.06	-0.22	-0.47	-0.32
Retained Earnings	0.22	0.11	0.13	0.47	-0.34		0.07	0.24	0.1	0.07	0.1	-0.06	-0.07	-0.35	-0.2	-0.01	0.31	0.07	0.02	0.1	0.13	0.26	-0.51	0.17	0.08	0.44
Cash	0.66	0.73	0.94	0.66	-0.36	0.07		0.5	-0.81	1.0	-0.8	0.87	0.79	0.66	0.72	0.85	0.74	0.99	1.0	-0.8	-0.83	0.77	-0.31	0.97	-0.62	0.82
Non Current Assets Total	0.98	0.88	0.73	0.93	0.45	0.24	0.5		-0.78	0.5	-0.81	0.77	0.85	0.61	0.83	0.82	0.94	0.59	0.46	-0.81	-0.77	0.93	-0.29	0.62	-0.84	0.53
Non Currrent Assets Other	-0.87	-0.89	-0.92	-0.74	-0.23	0.1	-0.81	-0.78		-0.81	1.0	-0.99	-0.99	-0.71	-0.97	-0.98	-0.86	-0.87	-0.8	1.0	1.0	-0.89	0.42	-0.87	0.95	-0.66
Cash And Short Term Investments	0.66	0.73	0.94	0.66	-0.36	0.07	1.0	0.5	-0.81		-0.8	0.87	0.79	0.66	0.72	0.85	0.74	0.99	1.0	-0.8	-0.83	0.77	-0.31	0.97	-0.62	0.82
Common Stock Total Equity	-0.89	-0.9	-0.92	-0.76	-0.25	0.1	-0.8	-0.81	1.0	-0.8		-0.99	-0.99	-0.73	-0.98	-0.99	-0.87	-0.86	-0.79	1.0	1.0	-0.9	0.39	-0.86	0.96	-0.65
Common Stock Shares Outstanding	0.87	0.89	0.96	0.77	0.13	-0.06	0.87	0.77	-0.99	0.87	-0.99		0.98	0.71	0.95	0.99	0.88	0.92	0.86	-0.99	-0.99	0.91	-0.39	0.92	-0.92	0.72
Non Current Liabilities Total	0.92	0.91	0.92	0.8	0.29	-0.07	0.79	0.85	-0.99	0.79	-0.99	0.98		0.73	0.98	0.99	0.9	0.85	0.77	-0.99	-0.99	0.93	-0.35	0.86	-0.96	0.65
Other Current Assets	0.68	0.76	0.68	0.54	0.13	-0.35	0.66	0.61	-0.71	0.66	-0.73	0.71	0.73		0.8	0.73	0.63	0.69	0.68	-0.73	-0.73	0.65	0.25	0.59	-0.57	0.39
Other Stockholder Equity	0.89	0.9	0.85	0.73	0.37	-0.2	0.72	0.83	-0.97	0.72	-0.98	0.95	0.98	0.8		0.95	0.85	0.79	0.71	-0.98	-0.97	0.88	-0.26	0.77	-0.95	0.54
Total Liab	0.91	0.92	0.96	0.82	0.17	-0.01	0.85	0.82	-0.98	0.85	-0.99	0.99	0.99	0.73	0.95		0.92	0.91	0.84	-0.99	-0.99	0.95	-0.37	0.92	-0.92	0.74
Net Invested Capital	0.99	0.92	0.9	0.98	0.17	0.31	0.74	0.94	-0.86	0.74	-0.87	0.88	0.9	0.63	0.85	0.92		0.81	0.7	-0.87	-0.85	1.0	-0.37	0.83	-0.83	0.74
Total Current Assets	0.74	0.81	0.98	0.72	-0.25	0.07	0.99	0.59	-0.87	0.99	-0.86	0.92	0.85	0.69	0.79	0.91	0.81		0.99	-0.86	-0.88	0.84	-0.34	0.98	-0.7	0.85
Net Working Capital	0.63	0.72	0.93	0.62	-0.37	0.02	1.0	0.46	-0.8	1.0	-0.79	0.86	0.77	0.68	0.71	0.84	0.7	0.99		-0.79	-0.82	0.74	-0.29	0.95	-0.6	0.8
Common Stock	-0.89	-0.9	-0.92	-0.76	-0.25	0.1	-0.8	-0.81	1.0	-0.8	1.0	-0.99	-0.99	-0.73	-0.98	-0.99	-0.87	-0.86	-0.79		1.0	-0.9	0.39	-0.86	0.96	-0.65
Other Liab	-0.86	-0.9	-0.93	-0.73	-0.22	0.13	-0.83	-0.77	1.0	-0.83	1.0	-0.99	-0.99	-0.73	-0.97	-0.99	-0.85	-0.88	-0.82	1.0		-0.89	0.37	-0.88	0.94	-0.67
Net Tangible Assets	0.98	0.93	0.92	0.96	0.17	0.26	0.77	0.93	-0.89	0.77	-0.9	0.91	0.93	0.65	0.88	0.95	1.0	0.84	0.74	-0.9	-0.89		-0.38	0.86	-0.86	0.76
Warrants	-0.32	-0.3	-0.39	-0.36	0.06	-0.51	-0.31	-0.29	0.42	-0.31	0.39	-0.39	-0.35	0.25	-0.26	-0.37	-0.37	-0.34	-0.29	0.39	0.37	-0.38		-0.44	0.48	-0.51
Accounts Payable	0.76	0.81	0.99	0.76	-0.22	0.17	0.97	0.62	-0.87	0.97	-0.86	0.92	0.86	0.59	0.77	0.92	0.83	0.98	0.95	-0.86	-0.88	0.86	-0.44		-0.73	0.9
Other Assets	-0.87	-0.85	-0.8	-0.73	-0.47	0.08	-0.62	-0.84	0.95	-0.62	0.96	-0.92	-0.96	-0.57	-0.95	-0.92	-0.83	-0.7	-0.6	0.96	0.94	-0.86	0.48	-0.73		-0.54
Net Receivables	0.65	0.73	0.87	0.73	-0.32	0.44	0.82	0.53	-0.66	0.82	-0.65	0.72	0.65	0.39	0.54	0.74	0.74	0.85	0.8	-0.65	-0.67	0.76	-0.51	0.9	-0.54

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Magnolia Oil Account Relationship Matchups

Magnolia Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.5B	1.5B	1.7B	2.6B	2.8B	2.3B
Other Current Liab	95.8M	66.3M	90.6M	137.4M	121.7M	98.0M
Total Current Liabilities	175.2M	128.9M	218.5M	340.3M	314.9M	189.5M
Total Stockholder Equity	1.8B	548.2M	816.8M	1.6B	1.7B	1.3B
Net Debt	207.2M	198.6M	21.1M	(285.1M)	8.4M	8.0M
Retained Earnings	82.9M	(1.1B)	(708.2M)	185.7M	486.2M	510.5M
Cash	182.6M	192.6M	367.0M	675.4M	401.1M	269.1M
Non Current Assets Total	3.2B	1.2B	1.2B	1.7B	2.2B	1.9B
Non Currrent Assets Other	56.4M	13.0M	11.9M	26.0M	7.1M	6.7M
Cash And Short Term Investments	182.6M	192.6M	367.0M	675.4M	401.1M	269.1M
Common Stock Shares Outstanding	167.0M	166.3M	175.4M	187.9M	188.4M	164.9M
Liabilities And Stockholders Equity	3.5B	1.5B	1.7B	2.6B	2.8B	2.3B
Non Current Liabilities Total	562.7M	485.0M	482.9M	492.1M	558.7M	433.8M
Other Current Assets	110.6M	89.0M	151.8M	175.3M	447K	424.7K
Other Stockholder Equity	1.7B	1.7B	1.5B	1.4B	1.2B	1.3B
Total Liab	737.9M	614.0M	701.5M	832.4M	873.5M	623.4M
Net Invested Capital	2.2B	939.3M	1.2B	2.0B	2.1B	1.6B
Total Current Assets	293.2M	281.5M	518.8M	850.7M	591.3M	389.2M
Net Working Capital	118.0M	152.6M	300.2M	510.5M	276.4M	199.7M
Other Liab	171.4M	93.9M	94.9M	96.9M	87.2M	165.8M
Net Tangible Assets	1.8B	548.2M	816.8M	1.6B	1.8B	1.2B
Noncontrolling Interest In Consolidated Entity	952.5M	291.3M	228.5M	164.1M	147.7M	140.3M
Accounts Payable	79.4M	62.6M	127.9M	202.8M	193.2M	116.9M
Other Assets	8.8M	13.0M	163.7M	364.1M	1.0	0.95
Long Term Debt	389.8M	391.1M	388.1M	390.4M	392.8M	367.9M
Net Receivables	105.8M	81.6M	149.8M	170.8M	189.7M	147.5M
Retained Earnings Total Equity	82.9M	(1.1B)	(708.2M)	185.7M	167.1M	175.5M
Long Term Debt Total	389.8M	391.1M	388.1M	390.4M	448.9M	357.1M
Capital Surpluse	1.7B	1.7B	1.7B	1.7B	2.0B	1.6B
Inventory	(105.8M)	(81.6M)	(149.8M)	(170.8M)	(153.7M)	(146.0M)
Deferred Long Term Liab	8.4M	6.0M	3.7M	5.6M	6.5M	6.3M
Non Current Liabilities Other	1.5M	93.9M	94.9M	101.7M	17.4M	16.5M
Cash And Equivalents	182.6M	192.6M	367.0M	675.4M	776.8M	815.6M
Short Term Debt	2.6M	1.8M	4.0M	4.0M	9.6M	10.1M
Property Plant Equipment	3.1B	1.1B	1.2B	1.5B	1.4B	1.6B
Short Long Term Debt Total	392.4M	392.9M	392.1M	394.4M	409.5M	434.5M

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Magnolia Non Current Liabilities Total vs Net Debt Analysis

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Debt

Magnolia Oil fundamental ratios Correlations

Magnolia Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magnolia Oil fundamental ratios Accounts

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Additional Tools for Magnolia Stock Analysis

COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Working Capital	+ 1.0	Cash
Common Stock Total Equity	+ 1.0	Non Currrent Assets Other
Common Stock	+ 1.0	Non Currrent Assets Other
Other Liab	+ 1.0	Non Currrent Assets Other
Net Working Capital	+ 1.0	Cash And Short Term Investments

Other Liab	- 0.99	Total Liab
Common Stock	- 0.99	Total Liab
Other Liab	- 0.99	Non Current Liabilities Total
Common Stock	- 0.99	Non Current Liabilities Total
Other Liab	- 0.99	Common Stock Shares Outstanding
Common Stock	- 0.99	Common Stock Shares Outstanding