MAG Total Current Liabilities vs Total Current 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 Total Current Liabilities and its Total Current 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.
Total Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MAG Silver Corp Total Current Liabilities account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MAG Silver's Total Current Liabilities and Total Current Assets is -0.11. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current 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 Total Current Liabilities and Total Current 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 Total Current Liabilities of MAG Silver Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Current Liabilities i.e., MAG Silver's Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on MAG Silver balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MAG Silver Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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.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
Click cells to compare fundamentals
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in MAG Stock
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.