MRC Accounts Payable vs Total Current Liabilities Analysis
MRC Stock | USD 13.78 0.12 0.86% |
MRC Global financial indicator trend analysis is infinitely more than just investigating MRC Global recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MRC Global is a good investment. Please check the relationship between MRC Global Accounts Payable and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.
Accounts Payable vs Total Current Liabilities
Accounts Payable vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MRC Global Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between MRC Global's Accounts Payable and Total Current Liabilities is 0.88. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of MRC Global, assuming nothing else is changed. The correlation between historical values of MRC Global's Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of MRC Global are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., MRC Global's Accounts Payable and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents MRC Global 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 MRC Global 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.Total Current Liabilities
Total Current Liabilities is an item on MRC Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MRC Global 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.Most indicators from MRC Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MRC Global 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 MRC Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.At present, MRC Global's Tax Provision is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 417M | 610M | 690M | 700.2M | Total Revenue | 2.7B | 3.4B | 3.4B | 3.0B |
MRC Global fundamental ratios Correlations
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MRC Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MRC Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 1.8B | 1.7B | 1.9B | 1.9B | 2.0B | |
Other Current Liab | 91M | 88M | 76M | 66M | 95M | 108.4M | |
Total Current Liabilities | 486M | 399M | 436M | 564M | 783M | 607.4M | |
Total Stockholder Equity | 997M | 705M | 678M | 741M | 843M | 1.0B | |
Other Liab | 128M | 111M | 85M | 71M | 81.7M | 88.1M | |
Retained Earnings | (483M) | (781M) | (819M) | (768M) | (678M) | (711.9M) | |
Accounts Payable | 357M | 264M | 321M | 410M | 355M | 414.6M | |
Cash | 48M | 43M | 32M | 119M | 131M | 137.6M | |
Long Term Debt | 547M | 379M | 295M | 337M | 9M | 8.6M | |
Good Will | 486M | 484M | 483M | 264M | 237.6M | 389.8M | |
Other Current Assets | 38M | 26M | 19M | 31M | 34M | 26.5M | |
Total Liab | 1.3B | 1.1B | 993M | 1.2B | 1.0B | 1.2B | |
Intangible Assets | 281M | 229M | 204M | 183M | 163M | 154.9M | |
Property Plant Equipment | 138M | 103M | 282M | 82M | 94.3M | 133.8M | |
Common Stock Shares Outstanding | 83.9M | 82M | 82.5M | 84.9M | 85.5M | 78.8M | |
Short Long Term Debt Total | 752M | 607M | 507M | 558M | 521M | 700.2M | |
Property Plant And Equipment Net | 324M | 303M | 282M | 284M | 283M | 198.4M | |
Net Debt | 720M | 488M | 459M | 526M | 390M | 653.5M | |
Non Current Assets Total | 1.1B | 815M | 772M | 753M | 731M | 938.6M | |
Cash And Short Term Investments | 48M | 43M | 32M | 119M | 131M | 137.6M | |
Net Receivables | 459M | 319M | 379M | 501M | 430M | 463.3M | |
Liabilities And Stockholders Equity | 2.3B | 1.8B | 1.7B | 1.9B | 1.9B | 2.1B | |
Non Current Liabilities Total | 842M | 677M | 557M | 590M | 260M | 247M | |
Other Stockholder Equity | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.2B | |
Property Plant And Equipment Gross | 324M | 303M | 91M | 82M | 462M | 485.1M | |
Total Current Assets | 1.2B | 966M | 899M | 1.1B | 1.2B | 1.1B | |
Short Term Debt | 38M | 41M | 35M | 39M | 326M | 342.3M | |
Net Tangible Assets | 400M | 399M | (145M) | 923M | 1.1B | 1.1B | |
Retained Earnings Total Equity | (483M) | (781M) | (819M) | (768M) | (691.2M) | (725.8M) | |
Long Term Debt Total | 547M | 379M | 295M | 337M | 303.3M | 554.8M | |
Capital Surpluse | 1.7B | 1.7B | 1.7B | 1.8B | 2.0B | 1.8B | |
Deferred Long Term Liab | 91M | 70M | 53M | 49M | 44.1M | 41.9M |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
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Is MRC Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MRC Global. If investors know MRC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MRC Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 0.87 | Revenue Per Share 39.502 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0533 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MRC Global's market value can be influenced by many factors that don't directly affect MRC Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.