MCAN Historical Income Statement

MKP Stock

CAD 19.56 0.20 1.03%

Historical analysis of MCAN Mortgage income statement accounts such as Gross Profit of 32.7 M can show how well MCAN Mortgage performed in making a profits. Evaluating MCAN Mortgage income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MCAN Mortgage's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining MCAN Mortgage latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MCAN Mortgage is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MCAN Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About MCAN Income Statement Analysis

MCAN Mortgage Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to MCAN Mortgage shareholders. The income statement also shows MCAN investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

MCAN Mortgage Income Statement Chart

At this time, MCAN Mortgage's Income Before Tax is very stable compared to the past year. As of the 29th of November 2024, Net Income is likely to grow to about 81.4 M, while Selling General Administrative is likely to drop about 8.2 M.

Selling General Administrative Total Revenue Other Operating Expenses Operating Income Total Operating Expenses Net Interest Income

Total Revenue

Total revenue comprises all receipts MCAN Mortgage generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MCAN Mortgage. It is also known as MCAN Mortgage overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from MCAN Mortgage operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of MCAN Mortgage is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from MCAN Mortgage's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MCAN Mortgage current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 MCAN Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Operating Income	120.3M	132.1M	90.4M	46.0M
Other Operating Expenses	32.5M	33.4M	123.1M	129.3M

Operating Income Other Operating Expenses

MCAN Mortgage income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Research Development	Reconciled Depreciation	Selling And Marketing Expenses
Interest Expense		0.63	0.82	0.26	0.74	0.47	0.59	0.76	0.86	0.9	-0.26	0.9	0.32	0.05	0.59	0.74	0.67	0.87	0.7	-0.39	0.63	-0.83
Selling General Administrative	0.63		0.74	0.41	0.5	0.58	0.4	0.64	0.79	0.8	-0.16	0.8	0.22	0.47	0.52	0.66	0.14	0.47	0.36	-0.13	0.49	-0.3
Total Revenue	0.82	0.74		0.57	0.61	0.6	0.66	0.79	0.86	0.94	-0.34	0.95	0.32	0.23	0.56	0.81	0.52	0.75	0.58	-0.32	0.7	-0.72
Gross Profit	0.26	0.41	0.57		-0.26	0.89	0.69	0.63	0.64	0.54	-0.85	0.53	0.35	0.69	0.17	0.62	-0.1	0.31	0.21	-0.43	0.64	-0.04
Other Operating Expenses	0.74	0.5	0.61	-0.26		-0.06	0.23	0.37	0.44	0.59	0.33	0.6	0.06	-0.38	0.58	0.36	0.73	0.64	0.53	-0.06	0.19	-0.79
Operating Income	0.47	0.58	0.6	0.89	-0.06		0.79	0.72	0.79	0.65	-0.84	0.65	0.28	0.69	0.49	0.77	-0.03	0.46	0.41	-0.49	0.78	-0.06
Ebit	0.59	0.4	0.66	0.69	0.23	0.79		0.76	0.71	0.65	-0.8	0.65	0.26	0.21	0.57	0.64	0.39	0.6	0.52	-0.58	0.72	-0.41
Ebitda	0.76	0.64	0.79	0.63	0.37	0.72	0.76		0.82	0.81	-0.6	0.8	0.38	0.37	0.55	0.74	0.37	0.74	0.5	-0.41	0.67	-0.53
Total Operating Expenses	0.86	0.79	0.86	0.64	0.44	0.79	0.71	0.82		0.95	-0.52	0.95	0.33	0.48	0.55	0.84	0.3	0.71	0.51	-0.42	0.75	-0.54
Income Before Tax	0.9	0.8	0.94	0.54	0.59	0.65	0.65	0.81	0.95		-0.36	1.0	0.42	0.3	0.53	0.85	0.45	0.75	0.57	-0.31	0.73	-0.7
Total Other Income Expense Net	-0.26	-0.16	-0.34	-0.85	0.33	-0.84	-0.8	-0.6	-0.52	-0.36		-0.36	-0.21	-0.5	-0.19	-0.48	0.02	-0.31	-0.26	0.57	-0.61	0.01
Net Income	0.9	0.8	0.95	0.53	0.6	0.65	0.65	0.8	0.95	1.0	-0.36		0.36	0.31	0.55	0.85	0.45	0.75	0.56	-0.31	0.73	-0.69
Income Tax Expense	0.32	0.22	0.32	0.35	0.06	0.28	0.26	0.38	0.33	0.42	-0.21	0.36		0.06	-0.11	0.29	0.24	0.34	0.29	-0.18	0.26	-0.31
Depreciation And Amortization	0.05	0.47	0.23	0.69	-0.38	0.69	0.21	0.37	0.48	0.3	-0.5	0.31	0.06		0.08	0.36	-0.62	0.09	-0.09	-0.28	0.36	0.32
Cost Of Revenue	0.59	0.52	0.56	0.17	0.58	0.49	0.57	0.55	0.55	0.53	-0.19	0.55	-0.11	0.08		0.67	0.34	0.61	0.64	-0.24	0.65	-0.3
Net Income From Continuing Ops	0.74	0.66	0.81	0.62	0.36	0.77	0.64	0.74	0.84	0.85	-0.48	0.85	0.29	0.36	0.67		0.31	0.64	0.61	-0.19	0.88	-0.43
Tax Provision	0.67	0.14	0.52	-0.1	0.73	-0.03	0.39	0.37	0.3	0.45	0.02	0.45	0.24	-0.62	0.34	0.31		0.61	0.65	-0.24	0.22	-0.84
Interest Income	0.87	0.47	0.75	0.31	0.64	0.46	0.6	0.74	0.71	0.75	-0.31	0.75	0.34	0.09	0.61	0.64	0.61		0.82	-0.64	0.61	-0.77
Net Interest Income	0.7	0.36	0.58	0.21	0.53	0.41	0.52	0.5	0.51	0.57	-0.26	0.56	0.29	-0.09	0.64	0.61	0.65	0.82		-0.61	0.67	-0.56
Research Development	-0.39	-0.13	-0.32	-0.43	-0.06	-0.49	-0.58	-0.41	-0.42	-0.31	0.57	-0.31	-0.18	-0.28	-0.24	-0.19	-0.24	-0.64	-0.61		-0.39	0.28
Reconciled Depreciation	0.63	0.49	0.7	0.64	0.19	0.78	0.72	0.67	0.75	0.73	-0.61	0.73	0.26	0.36	0.65	0.88	0.22	0.61	0.67	-0.39		-0.33
Selling And Marketing Expenses	-0.83	-0.3	-0.72	-0.04	-0.79	-0.06	-0.41	-0.53	-0.54	-0.7	0.01	-0.69	-0.31	0.32	-0.3	-0.43	-0.84	-0.77	-0.56	0.28	-0.33

Click cells to compare fundamentals

MCAN Mortgage Account Relationship Matchups

MCAN Mortgage income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	51.3M	55.4M	56.4M	77.1M	122.7M	128.9M
Selling General Administrative	7.3M	6.6M	9.1M	9.0M	10.8M	8.2M
Total Revenue	68.8M	66.4M	96.5M	88.4M	123.9M	130.1M
Gross Profit	32.7M	66.4M	96.5M	88.4M	32.9M	32.7M
Other Operating Expenses	21.1M	23.8M	32.5M	33.4M	123.1M	129.3M
Operating Income	47.7M	98.0M	120.3M	132.1M	90.4M	46.0M
Ebit	(6.8M)	98.0M	120.3M	132.1M	95.4M	100.2M
Ebitda	49.1M	42.6M	64.0M	132.1M	96.1M	100.9M
Total Operating Expenses	21.1M	23.8M	32.5M	33.4M	33.6M	35.3M
Income Before Tax	47.7M	42.6M	64.0M	55.1M	78.2M	82.1M
Total Other Income Expense Net	(6.4M)	(55.4M)	(56.4M)	(77.1M)	(12.1M)	(12.7M)
Net Income	48.3M	42.9M	64.4M	55.4M	77.5M	81.4M
Depreciation And Amortization	55.9M	62.5M	67.8M	91.0M	640K	608K
Cost Of Revenue	36.1M	48.6M	52.2M	72.2M	91.0M	47.4M
Net Income From Continuing Ops	48.3M	42.9M	64.4M	55.4M	77.5M	49.4M
Net Income Applicable To Common Shares	48.3M	42.9M	64.4M	55.4M	63.7M	45.8M
Interest Income	187K	120.1M	326K	134.2M	209.4M	219.9M
Net Interest Income	48.4M	71.5M	44.6M	57.2M	86.6M	62.8M
Research Development	0.31	0.1	0.3	0.19	0.25	0.2

Pair Trading with MCAN Mortgage

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 MCAN Mortgage 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 MCAN Mortgage will appreciate offsetting losses from the drop in the long position's value.

Moving together with MCAN Stock

0.9	TRP	TC Energy Corp	Pair Corr
0.95	MFC	Manulife Financial Corp	Pair Corr

Moving against MCAN Stock

0.63	AQN	Algonquin Power Utilities	Pair Corr
0.45	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.39	T	Telus Corp	Pair Corr

The ability to find closely correlated positions to MCAN Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCAN Mortgage 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 MCAN Mortgage - 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 MCAN Mortgage to buy it.

The correlation of MCAN Mortgage 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 MCAN Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MCAN Mortgage 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 MCAN Mortgage 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.

Pair Correlation Correlation Matching

Other Information on Investing in MCAN Stock

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MCAN Historical Income Statement

About MCAN Income Statement Analysis

MCAN Mortgage Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

Total Operating Expenses

Net Interest Income

MCAN Mortgage income statement Correlations

MCAN Mortgage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MCAN Mortgage income statement Accounts

Pair Trading with MCAN Mortgage

Moving together with MCAN Stock

Moving against MCAN Stock

Other Information on Investing in MCAN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Income	+ 1.0	Income Before Tax
Net Income	+ 0.95	Total Revenue
Income Before Tax	+ 0.95	Total Operating Expenses
Net Income	+ 0.95	Total Operating Expenses
Income Before Tax	+ 0.94	Total Revenue
Income Before Tax	+ 0.9	Interest Expense

Total Other Income Expense Net	- 0.85	Gross Profit
Selling And Marketing Expenses	- 0.84	Tax Provision
Total Other Income Expense Net	- 0.84	Operating Income
Selling And Marketing Expenses	- 0.83	Interest Expense
Total Other Income Expense Net	- 0.8	Ebit
Selling And Marketing Expenses	- 0.79	Other Operating Expenses