Medicure Average Payables vs Capex To Depreciation Analysis

MPH Stock  CAD 0.98  0.00  0.00%   
Medicure financial indicator trend analysis is infinitely more than just investigating Medicure recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Medicure is a good investment. Please check the relationship between Medicure Average Payables and its Capex To Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medicure. 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.

Average Payables vs Capex To Depreciation

Average Payables vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Medicure Average Payables account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Medicure's Average Payables and Capex To Depreciation is -0.26. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Medicure, assuming nothing else is changed. The correlation between historical values of Medicure's Average Payables and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Medicure are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Average Payables i.e., Medicure's Average Payables and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Medicure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medicure 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 Medicure. 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.
At this time, Medicure's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 26.2 K in 2024, whereas Enterprise Value Over EBITDA is likely to drop 4.46 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue21.7M23.1M21.7M11.8M
Depreciation And Amortization3.1M2.1M2.2M1.2M

Medicure fundamental ratios Correlations

0.970.720.780.540.180.60.840.40.550.590.890.90.770.360.890.83-0.180.770.390.520.780.710.050.890.82
0.970.630.780.610.10.410.830.180.640.60.960.910.730.390.810.79-0.20.770.50.440.780.70.050.950.82
0.720.630.18-0.180.490.750.250.70.70.520.660.340.960.240.780.44-0.190.160.590.890.150.06-0.330.540.22
0.780.780.180.86-0.020.310.990.040.050.30.60.940.210.160.660.89-0.121.0-0.11-0.110.960.920.270.680.96
0.540.61-0.180.86-0.37-0.130.86-0.32-0.010.20.50.85-0.050.240.280.590.020.88-0.09-0.310.920.910.470.640.89
0.180.10.49-0.02-0.370.43-0.040.320.23-0.420.14-0.080.35-0.720.240.12-0.2-0.060.190.3-0.17-0.070.00.07-0.12
0.60.410.750.31-0.130.430.340.910.130.40.290.330.650.120.790.56-0.170.28-0.030.560.260.2-0.180.220.31
0.840.830.250.990.86-0.040.340.10.120.350.670.970.30.230.690.88-0.110.99-0.03-0.010.980.930.280.740.98
0.40.180.70.04-0.320.320.910.10.040.330.090.10.590.20.580.26-0.110.02-0.060.660.040.0-0.190.020.08
0.550.640.70.05-0.010.230.130.120.040.50.820.30.820.30.40.17-0.130.040.980.720.080.01-0.20.720.14
0.590.60.520.30.2-0.420.40.350.330.50.570.480.620.880.650.49-0.120.290.390.510.370.16-0.40.50.38
0.890.960.660.60.50.140.290.670.090.820.570.790.790.360.690.63-0.160.60.710.550.630.560.030.980.68
0.90.910.340.940.85-0.080.330.970.10.30.480.790.440.340.710.84-0.120.940.160.140.970.920.290.860.98
0.770.730.960.21-0.050.350.650.30.590.820.620.790.440.370.750.43-0.190.20.710.910.230.15-0.240.680.3
0.360.390.240.160.24-0.720.120.230.20.30.880.360.340.370.340.20.070.180.260.370.290.1-0.30.330.28
0.890.810.780.660.280.240.790.690.580.40.650.690.710.750.340.86-0.280.640.210.50.590.47-0.230.620.64
0.830.790.440.890.590.120.560.880.260.170.490.630.840.430.20.86-0.230.87-0.020.090.80.71-0.020.630.82
-0.18-0.2-0.19-0.120.02-0.2-0.17-0.11-0.11-0.13-0.12-0.16-0.12-0.190.07-0.28-0.23-0.1-0.07-0.1-0.06-0.04-0.04-0.13-0.08
0.770.770.161.00.88-0.060.280.990.020.040.290.60.940.20.180.640.87-0.1-0.11-0.120.970.930.290.690.97
0.390.50.59-0.11-0.090.19-0.03-0.03-0.060.980.390.710.160.710.260.21-0.02-0.07-0.110.69-0.05-0.1-0.180.620.0
0.520.440.89-0.11-0.310.30.56-0.010.660.720.510.550.140.910.370.50.09-0.1-0.120.69-0.05-0.11-0.250.440.01
0.780.780.150.960.92-0.170.260.980.040.080.370.630.970.230.290.590.8-0.060.97-0.05-0.050.970.390.741.0
0.710.70.060.920.91-0.070.20.930.00.010.160.560.920.150.10.470.71-0.040.93-0.1-0.110.970.550.70.97
0.050.05-0.330.270.470.0-0.180.28-0.19-0.2-0.40.030.29-0.24-0.3-0.23-0.02-0.040.29-0.18-0.250.390.550.180.37
0.890.950.540.680.640.070.220.740.020.720.50.980.860.680.330.620.63-0.130.690.620.440.740.70.180.77
0.820.820.220.960.89-0.120.310.980.080.140.380.680.980.30.280.640.82-0.080.970.00.011.00.970.370.77
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Medicure Account Relationship Matchups

Medicure fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets42.3M34.1M28.4M29.9M28.1M39.2M
Total Current Liabilities11.7M12.3M8.5M8.4M7.9M13.3M
Total Stockholder Equity26.9M19.1M18.4M21.0M19.9M15.4M
Property Plant And Equipment Net1.3M1.6M1.6M1.2M736K888.0K
Net Debt(11.9M)(1.3M)(2.5M)(4.0M)(5.8M)(5.5M)
Retained Earnings(62.6M)(65.6M)(66.3M)(64.9M)(65.9M)(69.1M)
Cash13.0M2.7M3.7M4.9M6.4M6.8M
Non Current Assets Total10.9M18.4M15.9M15.1M12.9M16.1M
Cash And Short Term Investments13.0M2.7M3.7M4.9M6.4M8.7M
Net Receivables10.2M5.3M4.7M5.6M4.8M7.7M
Common Stock Shares Outstanding15.0M10.7M10.3M10.4M12.0M10.8M
Liabilities And Stockholders Equity42.3M34.1M28.4M29.9M28.1M40.7M
Other Current Assets1.9M2.6M872K1.1M1.1M2.0M
Total Liab15.3M14.9M10.0M8.9M8.2M7.8M
Total Current Assets31.4M15.7M12.6M14.8M15.2M23.7M
Common Stock125.7M122.9M85.4M80.9M81.0M98.8M
Accounts Payable9.4M7.0M6.7M7.1M7.2M5.7M
Inventory6.3M5.1M3.3M3.2M2.9M2.4M
Other Stockholder Equity10.0M10.3M10.4M10.5M10.7M10.2M
Intangible Assets9.6M13.6M11.2M10.6M8.9M10.5M
Non Currrent Assets Other39K156K57K63K75K71.3K
Other Assets12.2M39K156K57K65.6K62.3K
Accumulated Other Comprehensive Income(5.8M)(6.5M)(6.6M)(5.5M)(6.0M)(5.7M)
Non Current Liabilities Total3.7M2.6M1.5M503K229K217.6K
Other Current Liab872K2.3M716K179K382K362.9K
Other Liab3.2M2.8M1.5M696K626.4K595.1K
Net Tangible Assets81.9M17.3M2.6M4.2M4.9M7.8M
Property Plant Equipment316K1.3M1.6M1.6M1.9M1.9M
Non Current Liabilities Other3.2M1.2M386K105K94.5K89.8K
Net Invested Capital26.9M19.1M18.4M21.0M19.9M30.8M
Net Working Capital19.7M3.4M4.0M6.5M7.3M6.9M

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Additional Tools for Medicure Stock Analysis

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