Morguard Total Current Assets vs Accounts Payable Analysis
| MRC Stock | CAD 119.67 3.32 2.70% |
Morguard financial indicator trend analysis is infinitely more than just investigating Morguard recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morguard is a good investment. Please check the relationship between Morguard Total Current Assets and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morguard. 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.
Total Current Assets vs Accounts Payable
Total Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard Total Current Assets account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Morguard's Total Current Assets and Accounts Payable is 0.37. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Morguard, assuming nothing else is changed. The correlation between historical values of Morguard's Total Current Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Morguard are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., Morguard's Total Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.37 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Accounts Payable
An accounting item on the balance sheet that represents Morguard obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Morguard are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Morguard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morguard 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 Morguard. 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. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Selling General Administrative is likely to drop about 62.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 533.3M | 500.4M | 634.0M | 327.9M | Total Revenue | 1.0B | 1.1B | 1.2B | 652.3M |
Morguard fundamental ratios Correlations
Click cells to compare fundamentals
Morguard Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Morguard fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 11.7B | 11.1B | 11.5B | 11.7B | 11.6B | 12.2B | |
| Short Long Term Debt Total | 6.4B | 6.3B | 6.3B | 6.3B | 5.8B | 6.1B | |
| Other Current Liab | 27.2M | 24.0M | 20.4M | 35.3M | 7.6M | 7.2M | |
| Total Current Liabilities | 1.2B | 1.2B | 1.1B | 1.5B | 2.0B | 2.1B | |
| Total Stockholder Equity | 3.5B | 3.4B | 3.6B | 3.9B | 3.9B | 4.1B | |
| Property Plant And Equipment Net | 650.3M | 565.1M | 475.8M | 356.8M | 10.5B | 11.0B | |
| Net Debt | 5.8B | 5.7B | 5.6B | 5.7B | 5.7B | 6.0B | |
| Retained Earnings | 3.2B | 3.1B | 3.4B | 3.5B | 3.5B | 3.7B | |
| Accounts Payable | 185.9M | 178.8M | 190.0M | 208.4M | 211.1M | 126.9M | |
| Non Current Assets Total | 11.5B | 10.8B | 11.2B | 11.4B | 11.5B | 12.1B | |
| Non Currrent Assets Other | 10.4B | 9.8B | 10.4B | 10.7B | 1.0B | 951.3M | |
| Net Receivables | 80.6M | 92.9M | 70.2M | 80.2M | 59.9M | 69.4M | |
| Common Stock Shares Outstanding | 11.3M | 11.2M | 11.1M | 11.1M | 10.9M | 11.2M | |
| Liabilities And Stockholders Equity | 11.7B | 11.1B | 11.5B | 11.7B | 11.6B | 12.2B | |
| Non Current Liabilities Total | 6.2B | 5.9B | 6.2B | 5.9B | 5.3B | 2.9B | |
| Other Current Assets | 19.1M | 37.8M | 41.6M | 147.2M | 49.8M | 30.6M | |
| Other Stockholder Equity | 207.9M | 162.3M | 180.0M | 300.3M | (3.5B) | (3.4B) | |
| Total Liab | 7.4B | 7.1B | 7.3B | 7.3B | 7.3B | 7.6B | |
| Property Plant And Equipment Gross | 651.8M | 566.6M | 720.0M | 476.1M | 482.5M | 769.5M | |
| Total Current Assets | 222.9M | 272.8M | 285.5M | 339.1M | 606.3M | 636.6M | |
| Accumulated Other Comprehensive Income | 207.9M | 162.3M | 180.0M | 300.3M | 258.5M | 271.4M | |
| Short Term Debt | 919.9M | 973.0M | 865.9M | 1.2B | 1.8B | 1.9B | |
| Cash | 123.2M | 142.1M | 173.7M | 111.8M | 116.5M | 75.4M | |
| Cash And Short Term Investments | 123.2M | 142.1M | 173.7M | 111.8M | 116.5M | 75.4M | |
| Intangible Assets | 38.0M | 33.7M | 27.7M | 21.1M | 14.6M | 27.3M | |
| Current Deferred Revenue | 27.9M | 27.9M | 28.2M | 25.1M | 26.5M | 30.5M | |
| Common Stock Total Equity | 107.0M | 102.4M | 102.4M | 100.9M | 90.8M | 85.8M | |
| Common Stock | 102.4M | 100.9M | 100.9M | 100.2M | 98.4M | 84.3M | |
| Other Liab | 733.8M | 648.2M | 784.8M | 821.4M | 944.7M | 699.7M | |
| Net Tangible Assets | 3.5B | 3.3B | 3.6B | 3.8B | 4.4B | 3.4B | |
| Other Assets | 260.5M | 230.8M | 269.1M | 74.7M | (489.7M) | (465.3M) | |
| Long Term Debt | 5.3B | 4.7B | 5.3B | 4.9B | 3.9B | 4.7B | |
| Long Term Investments | 391.6M | 332.1M | 257.8M | 224.5M | 193.4M | 269.1M | |
| Short Long Term Debt | 918.2M | 971.2M | 864.1M | 1.2B | 1.8B | 1.2B | |
| Property Plant Equipment | 10.8B | 10.2B | 10.6B | 1.1M | 1.2M | 1.2M | |
| Long Term Debt Total | 5.5B | 5.3B | 5.4B | 5.0B | 5.8B | 5.3B | |
| Capital Lease Obligations | 166.1M | 164.3M | 168.3M | 172.5M | 170.8M | 136.1M |
Pair Trading with Morguard
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 Morguard 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 Morguard will appreciate offsetting losses from the drop in the long position's value.Moving together with Morguard Stock
The ability to find closely correlated positions to Morguard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard 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 Morguard - 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 Morguard to buy it.
The correlation of Morguard 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 Morguard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard 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 Morguard 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.Other Information on Investing in Morguard Stock
Balance Sheet is a snapshot of the financial position of Morguard at a specified time, usually calculated after every quarter, six months, or one year. Morguard Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Morguard and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Morguard currently owns. An asset can also be divided into two categories, current and non-current.