Methanex Historical Balance Sheet
MX Stock | CAD 66.01 0.58 0.87% |
Trend analysis of Methanex balance sheet accounts such as Total Current Liabilities of 1.4 B provides information on Methanex's total assets, liabilities, and equity, which is the actual value of Methanex to its prevalent stockholders. By breaking down trends over time using Methanex balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Methanex 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 Methanex is a good buy for the upcoming year.
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About Methanex Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Methanex at a specified time, usually calculated after every quarter, six months, or one year. Methanex Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Methanex 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 Methanex currently owns. An asset can also be divided into two categories, current and non-current.
Methanex Balance Sheet Chart
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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.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of Methanex, which is listed under current asset account on Methanex balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Methanex customers. The amounts must be unrestricted with restricted cash listed in a different Methanex account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most accounts from Methanex's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Methanex current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.At this time, Methanex's Total Liabilities is very stable compared to the past year. As of the 4th of December 2024, Property Plant And Equipment Gross is likely to grow to about 8.3 B, while Total Assets are likely to drop about 3.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.9B | 3.0B | 3.0B | 3.2B | Total Assets | 6.1B | 6.6B | 6.4B | 3.5B |
Methanex balance sheet Correlations
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Methanex Account Relationship Matchups
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Methanex balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.2B | 5.7B | 6.1B | 6.6B | 6.4B | 3.5B | |
Short Long Term Debt Total | 2.5B | 3.1B | 2.9B | 3.0B | 3.0B | 3.2B | |
Other Current Liab | 26.3M | 27.2M | 17.2M | 29.5M | 95.0M | 67.3M | |
Total Current Liabilities | 648.2M | 765.4M | 963.2M | 942.6M | 1.3B | 1.4B | |
Total Stockholder Equity | 1.3B | 1.1B | 1.7B | 2.1B | 1.9B | 1.4B | |
Property Plant And Equipment Net | 3.6B | 3.7B | 3.7B | 4.2B | 4.4B | 2.2B | |
Current Deferred Revenue | (493.8M) | (601.0M) | (836.0M) | (789.2M) | (771.9M) | (733.3M) | |
Net Debt | 2.1B | 2.3B | 1.9B | 2.2B | 2.6B | 2.7B | |
Retained Earnings | 1.0B | 843.6M | 1.3B | 1.5B | 1.5B | 792.7M | |
Accounts Payable | 493.8M | 601.0M | 836.0M | 789.2M | 771.9M | 389.1M | |
Cash | 416.8M | 833.8M | 932.1M | 857.7M | 458.0M | 431.9M | |
Non Current Assets Total | 4.0B | 4.1B | 4.1B | 4.8B | 4.9B | 5.2B | |
Non Currrent Assets Other | 82.8M | 92.5M | 99.2M | 356.4M | 344.6M | 361.8M | |
Cash And Short Term Investments | 416.8M | 833.8M | 932.1M | 857.7M | 458.0M | 431.9M | |
Net Receivables | 488.7M | 412M | 551.4M | 500.9M | 533.6M | 365.3M | |
Common Stock Shares Outstanding | 76.7M | 76.2M | 76.2M | 71.7M | 67.8M | 94.1M | |
Liabilities And Stockholders Equity | 5.2B | 5.7B | 6.1B | 6.6B | 6.4B | 3.5B | |
Non Current Liabilities Total | 2.9B | 3.5B | 3.2B | 3.3B | 3.0B | 1.5B | |
Inventory | 281.1M | 308.7M | 459.6M | 439.8M | 426.8M | 231.1M | |
Other Current Assets | 190.7M | 116.4M | 139.1M | 171.1M | 61.9M | 50.2M | |
Other Stockholder Equity | (146.8M) | 1.9M | 1.9M | 1.9M | 1.8M | 1.7M | |
Total Liab | 3.6B | 4.3B | 4.1B | 4.2B | 4.3B | 4.5B | |
Property Plant And Equipment Gross | 3.6B | 3.7B | 6.8B | 7.6B | 7.9B | 8.3B | |
Total Current Assets | 1.2B | 1.6B | 2.0B | 1.9B | 1.5B | 1.1B | |
Short Term Debt | 128.2M | 137.3M | 110.1M | 123.9M | 435.4M | 457.2M | |
Accumulated Other Comprehensive Income | (150.4M) | (137.1M) | (2.7M) | 241.9M | 22.9M | 24.0M | |
Common Stock Total Equity | 480.3M | 446.5M | 440.5M | 440.7M | 396.7M | 385.2M | |
Common Stock | 442.3M | 440.7M | 432.7M | 401.3M | 391.9M | 370.0M | |
Other Liab | 558.9M | 540.9M | 406.5M | 361.6M | 415.8M | 538.8M | |
Net Tangible Assets | 1.3B | 1.1B | 1.7B | 2.1B | 1.9B | 1.3B | |
Other Assets | 194.4M | 230.1M | 197.4M | 378.8M | 435.6M | 457.4M | |
Long Term Debt | 1.7B | 2.3B | 2.1B | 2.1B | 1.8B | 1.8B | |
Long Term Investments | 193.5M | 194.0M | 217.3M | 197.1M | 189.9M | 163.0M | |
Short Long Term Debt | 38.4M | 39.8M | 11.8M | 15.1M | 314.7M | 171.4M | |
Property Plant Equipment | 3.6B | 3.7B | 3.7B | 4.2B | 4.8B | 3.6B | |
Long Term Debt Total | 2.4B | 2.9B | 2.8B | 2.9B | 3.3B | 2.3B | |
Capital Surpluse | 1.8M | 1.9M | 1.9M | 1.9M | 1.7M | 1.6M | |
Non Current Liabilities Other | 286.1M | 327.5M | 193.7M | 134.6M | 154.9M | 225.1M |
Pair Trading with Methanex
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 Methanex 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 Methanex will appreciate offsetting losses from the drop in the long position's value.Moving against Methanex Stock
The ability to find closely correlated positions to Methanex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methanex 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 Methanex - 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 Methanex to buy it.
The correlation of Methanex 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 Methanex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methanex 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 Methanex 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.