MAG Non Current Assets Total vs Total Assets Analysis
MAG Stock | CAD 16.89 0.17 1.02% |
MAG Silver financial indicator trend analysis is infinitely more than just investigating MAG Silver Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MAG Silver Corp is a good investment. Please check the relationship between MAG Silver Non Current Assets Total and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. 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.
Non Current Assets Total vs Total Assets
Non Current Assets Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MAG Silver Corp Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MAG Silver's Non Current Assets Total and Total Assets is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of MAG Silver Corp, assuming nothing else is changed. The correlation between historical values of MAG Silver's Non Current Assets Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of MAG Silver Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., MAG Silver's Non Current Assets Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Assets
Total assets refers to the total amount of MAG Silver assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in MAG Silver Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from MAG Silver's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MAG Silver Corp 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 MAG Silver Corp. 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, MAG Silver's Tax Provision is very stable compared to the past year. As of the 15th of June 2024, Enterprise Value is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 7.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 174K | 630K | 2.5M | 1.3M | Interest Income | 15.9M | 41.0M | 2.6M | 2.5M |
MAG Silver fundamental ratios Correlations
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MAG Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MAG Silver fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 218.8M | 323.1M | 372.4M | 407.8M | 520.5M | 546.6M | |
Total Current Liabilities | 854K | 901K | 1.6M | 2.7M | 4.8M | 5.0M | |
Total Stockholder Equity | 215.2M | 316.7M | 367.5M | 401.7M | 506.8M | 532.1M | |
Net Debt | (71.8M) | (93.5M) | (56.4M) | (29.7M) | (26.7M) | (28.1M) | |
Retained Earnings | (201.5M) | (207.5M) | (196.4M) | (177.8M) | (129.2M) | (135.6M) | |
Cash | 72.4M | 94.0M | 56.7M | 30.0M | 68.7M | 54.2M | |
Non Current Assets Total | 146.1M | 227.7M | 313.0M | 375.9M | 448.5M | 470.9M | |
Cash And Short Term Investments | 72.4M | 94.0M | 56.7M | 30.0M | 34.4M | 56.1M | |
Common Stock Total Equity | 392.6M | 392.9M | 400.0M | 496.6M | 571.1M | 599.6M | |
Common Stock Shares Outstanding | 86.1M | 91.1M | 95.5M | 98.6M | 103.0M | 63.6M | |
Liabilities And Stockholders Equity | 218.8M | 323.1M | 372.4M | 407.8M | 469.0M | 492.5M | |
Total Liab | 3.6M | 6.4M | 4.9M | 6.1M | 13.8M | 14.5M | |
Total Current Assets | 72.7M | 95.4M | 59.4M | 31.9M | 72.1M | 58.2M | |
Common Stock | 400.0M | 496.6M | 543.9M | 559.9M | 643.9M | 323.3M | |
Property Plant And Equipment Net | 8.0M | 13.1M | 20.7M | 37.6M | 52.9M | 55.6M | |
Accounts Payable | 780K | 808K | 1.5M | 2.5M | 2.7M | 2.8M | |
Net Receivables | 83K | 897K | 2.1M | 708K | 814.2K | 855.7K | |
Other Stockholder Equity | 16.8M | 27.5M | 20.0M | 784K | 705.6K | 670.3K | |
Property Plant And Equipment Gross | 8.0M | 13.1M | 21.7M | 38.8M | 52.9M | 55.6M | |
Accumulated Other Comprehensive Income | 16.8M | 27.5M | 20.0M | 19.6M | 22.5M | 23.6M | |
Short Term Debt | 74K | 93K | 110K | 121K | 139.2K | 132.2K | |
Non Current Liabilities Total | 2.7M | 5.5M | 3.2M | 3.5M | 9.0M | 9.4M | |
Other Liab | 2.2M | 5.1M | 3.0M | 3.3M | 3.0M | 2.5M | |
Net Tangible Assets | 215.2M | 316.7M | 367.5M | 401.7M | 462.0M | 256.5M | |
Long Term Investments | 138.1M | 214.5M | 292.3M | 338.3M | 394.6M | 414.4M | |
Property Plant Equipment | 8.0M | 13.1M | 20.7M | 37.6M | 33.8M | 19.9M | |
Long Term Debt Total | 467K | 383K | 275K | 140K | 161K | 198.8K | |
Cash And Equivalents | 0.0 | 94.0M | 56.7M | 30.0M | 27.0M | 53.6M | |
Net Invested Capital | 215.2M | 316.7M | 367.5M | 401.7M | 506.8M | 352.3M | |
Net Working Capital | 71.9M | 94.5M | 57.8M | 29.2M | 67.3M | 69.7M | |
Capital Stock | 400.0M | 496.6M | 543.9M | 559.9M | 614.4M | 551.4M |
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When determining whether MAG Silver Corp is a strong investment it is important to analyze MAG Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MAG Silver's future performance. For an informed investment choice regarding MAG Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MAG Silver Corp. 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. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.