MRC Cash vs Intangible Assets Analysis
MRC Stock | USD 13.64 0.16 1.19% |
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 Cash and its Intangible Assets 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.
Cash vs Intangible Assets
Cash vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MRC Global Cash account and Intangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between MRC Global's Cash and Intangible Assets is -0.3. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Intangible Assets 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 Cash and Intangible 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 Cash of MRC Global are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Cash i.e., MRC Global's Cash and Intangible Assets go up and down completely randomly.
Correlation Coefficient | -0.3 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of MRC Global, which is listed under current asset account on MRC Global balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from MRC Global customers. The amounts must be unrestricted with restricted cash listed in a different MRC Global 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.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.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
Click cells to compare fundamentals
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock: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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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When running MRC Global's price analysis, check to measure MRC Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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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.