Morguard Historical Cash Flow
| MRG-UN Stock | CAD 18.58 0.02 0.11% |
Analysis of Morguard North cash flow over time is an excellent tool to project Morguard North American future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 16 M or Other Cashflows From Financing Activities of 81.1 M as it is a great indicator of Morguard North ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Morguard North American 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 Morguard North American is a good buy for the upcoming year.
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About Morguard Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Morguard balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Morguard's non-liquid assets can be easily converted into cash.
Morguard North Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Morguard North American financial statement analysis. It represents the amount of money remaining after all of Morguard North American operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Morguard North's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Morguard North American current financial condition. On the other hand, looking into the entire matrix of cash flow 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 Morguard North American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Morguard North's Change In Cash is projected to decrease significantly based on the last few years of reporting. The current year's Free Cash Flow is expected to grow to about 93.4 M, whereas Change In Working Capital is forecasted to decline to about 1.5 M.
| 2023 | 2024 (projected) | Dividends Paid | 27.0M | 22.5M | Depreciation | 5.3M | 5.6M |
Morguard North cash flow statement Correlations
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Morguard North Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Morguard North cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 962K | 9.6M | (742K) | (11.9M) | 3.2M | 3.3M | |
| Free Cash Flow | 138.3M | 50.1M | 63.7M | 75.2M | 89.0M | 93.4M | |
| Change In Working Capital | 2.8M | (12.0M) | 6.7M | (340K) | 2.0M | 1.5M | |
| Begin Period Cash Flow | 16.8M | 17.7M | 27.3M | 26.6M | 14.6M | 16.0M | |
| Other Cashflows From Financing Activities | (8.1M) | (3.3M) | (5.9M) | (80.1M) | 77.2M | 81.1M | |
| Other Non Cash Items | (27.1M) | (102.8M) | (257.7M) | (234.3M) | (109.8M) | (115.3M) | |
| Total Cash From Operating Activities | 62.5M | 50.1M | 63.7M | 75.2M | 89.0M | 55.4M | |
| Change To Account Receivables | 188K | (2.4M) | (1.6M) | (3.8M) | 2.7M | 2.8M | |
| Net Income | 80.1M | 166.8M | 245.0M | 239.6M | 185.3M | 144.5M | |
| Total Cash From Financing Activities | 6.1M | (11.6M) | (33.1M) | (78.9M) | 120.8M | 126.9M | |
| End Period Cash Flow | 17.7M | 27.3M | 26.6M | 14.6M | 17.8M | 17.4M | |
| Dividends Paid | 23.6M | 26.7M | 26.6M | 26.7M | 27.0M | 22.5M | |
| Net Borrowings | (60.4M) | (8.1M) | 80.5M | 36.7M | 33.1M | 37.4M | |
| Total Cashflows From Investing Activities | (67.8M) | (28.1M) | (31.3M) | (11.1M) | (12.7M) | (13.4M) | |
| Change To Operating Activities | (118K) | (3.8M) | 2.6M | (891K) | (1.0M) | (973.4K) | |
| Change To Netincome | (21.7M) | (117.3M) | (189.5M) | (148.5M) | (133.6M) | (140.3M) | |
| Change To Liabilities | 2.7M | (5.9M) | 5.7M | 4.4M | 3.9M | 2.2M |
Pair Trading with Morguard North
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 North 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 North will appreciate offsetting losses from the drop in the long position's value.Moving against Morguard Stock
| 0.54 | JPM | JPMorgan Chase | PairCorr |
| 0.42 | BOFA | Bank of America | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
| 0.35 | NVDA | NVIDIA CDR | PairCorr |
| 0.34 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Morguard North 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 North 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 North - 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 North American to buy it.
The correlation of Morguard North 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 North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 North 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
The Cash Flow Statement is a financial statement that shows how changes in Morguard balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Morguard's non-liquid assets can be easily converted into cash.