Morguard Non Current Liabilities Total vs Non Current Assets Total Analysis

MRG-UN Stock  CAD 16.12  0.43  2.74%   
Morguard North financial indicator trend analysis is infinitely more than just investigating Morguard North American recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Morguard North American is a good investment. Please check the relationship between Morguard North Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morguard North American. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard North American Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Morguard North's Non Current Liabilities Total and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Morguard North American, assuming nothing else is changed. The correlation between historical values of Morguard North's Non Current Liabilities Total and Non Current Assets Total 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 Liabilities Total of Morguard North American are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Morguard North's Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

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.
Most indicators from Morguard North's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morguard North American 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 Morguard North American. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
At present, Morguard North's Enterprise Value Over EBITDA is projected to drop slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 27.04, whereas Selling General Administrative is forecasted to decline to about 10.4 M.
 2021 2022 2023 2024 (projected)
Total Revenue245.6M278.5M331.6M228.7M
Interest Expense46.4M49.9M60.7M46.6M

Morguard North fundamental ratios Correlations

0.95-0.070.660.970.940.611.00.890.60.880.910.970.16-0.670.970.540.560.970.820.960.690.870.890.89-0.28
0.950.170.670.851.00.640.960.810.630.790.920.990.04-0.750.990.390.550.970.690.890.560.70.810.76-0.25
-0.070.170.2-0.290.210.13-0.05-0.110.13-0.260.050.1-0.26-0.210.12-0.350.050.04-0.37-0.23-0.4-0.45-0.12-0.220.2
0.660.670.20.610.670.250.650.660.240.70.640.580.17-0.620.660.460.880.580.530.550.520.530.530.57-0.21
0.970.85-0.290.610.830.540.960.890.530.920.820.880.2-0.540.880.590.540.90.880.960.760.960.90.92-0.3
0.941.00.210.670.830.640.950.790.630.770.930.990.06-0.760.990.410.540.970.680.870.540.670.780.75-0.24
0.610.640.130.250.540.640.610.61.00.460.710.66-0.06-0.570.640.240.160.570.430.630.220.410.530.44-0.1
1.00.96-0.050.650.960.950.610.890.60.870.910.970.12-0.660.970.510.560.970.820.960.680.860.90.89-0.29
0.890.81-0.110.660.890.790.60.890.590.730.780.820.06-0.520.840.430.570.830.770.890.640.850.90.87-0.24
0.60.630.130.240.530.631.00.60.590.450.70.65-0.06-0.570.630.240.150.560.410.620.20.390.520.43-0.09
0.880.79-0.260.70.920.770.460.870.730.450.740.780.3-0.550.810.710.630.790.810.820.750.880.720.81-0.27
0.910.920.050.640.820.930.710.910.780.70.740.930.2-0.880.940.510.510.890.660.880.490.650.730.7-0.21
0.970.990.10.580.880.990.660.970.820.650.780.930.11-0.730.990.450.470.980.720.910.570.720.820.79-0.24
0.160.04-0.260.170.20.06-0.060.120.06-0.060.30.20.11-0.340.120.81-0.030.070.040.030.040.13-0.070.060.32
-0.67-0.75-0.21-0.62-0.54-0.76-0.57-0.66-0.52-0.57-0.55-0.88-0.73-0.34-0.75-0.45-0.5-0.66-0.38-0.59-0.29-0.35-0.43-0.40.14
0.970.990.120.660.880.990.640.970.840.630.810.940.990.12-0.750.480.540.980.730.90.590.730.820.8-0.25
0.540.39-0.350.460.590.410.240.510.430.240.710.510.450.81-0.450.480.320.40.510.430.490.530.30.52-0.01
0.560.550.050.880.540.540.160.560.570.150.630.510.47-0.03-0.50.540.320.510.670.490.740.540.530.58-0.64
0.970.970.040.580.90.970.570.970.830.560.790.890.980.07-0.660.980.40.510.760.920.630.780.870.81-0.31
0.820.69-0.370.530.880.680.430.820.770.410.810.660.720.04-0.380.730.510.670.760.840.950.910.830.9-0.68
0.960.89-0.230.550.960.870.630.960.890.620.820.880.910.03-0.590.90.430.490.920.840.680.890.910.88-0.32
0.690.56-0.40.520.760.540.220.680.640.20.750.490.570.04-0.290.590.490.740.630.950.680.830.70.81-0.78
0.870.7-0.450.530.960.670.410.860.850.390.880.650.720.13-0.350.730.530.540.780.910.890.830.880.92-0.39
0.890.81-0.120.530.90.780.530.90.90.520.720.730.82-0.07-0.430.820.30.530.870.830.910.70.880.93-0.4
0.890.76-0.220.570.920.750.440.890.870.430.810.70.790.06-0.40.80.520.580.810.90.880.810.920.93-0.43
-0.28-0.250.2-0.21-0.3-0.24-0.1-0.29-0.24-0.09-0.27-0.21-0.240.320.14-0.25-0.01-0.64-0.31-0.68-0.32-0.78-0.39-0.4-0.43
Click cells to compare fundamentals

Morguard North Account Relationship Matchups

Morguard North fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.1B3.5B3.9B4.1B2.8B
Short Long Term Debt Total1.3B1.3B1.4B1.5B1.7B1.2B
Other Current Liab11.3M11.1M11.7M8.7M7.9M14.7M
Total Current Liabilities78.1M155.9M144.7M273.7M222.4M171.8M
Total Stockholder Equity1.1B1.3B1.5B1.8B1.9B1.0B
Net Debt1.3B1.3B1.4B1.5B1.5B1.3B
Cash17.7M27.3M26.6M14.6M17.8M17.4M
Non Current Assets Total3.0B3.0B3.4B3.7B4.1B2.7B
Non Currrent Assets Other2.9B2.9B3.3B3.6B4.2B2.3B
Cash And Short Term Investments17.7M27.3M26.6M14.6M16.8M17.2M
Net Receivables3.3M5.6M7.2M11.4M9.6M5.3M
Common Stock Shares Outstanding39.0M39.0M39.1M39.1M37.7M34.5M
Liabilities And Stockholders Equity3.0B3.1B3.5B3.9B4.5B2.6B
Non Current Liabilities Total1.7B1.6B1.8B1.8B1.9B1.5B
Other Current Assets20.0M17.2M70M80.7M2.6M2.5M
Total Liab1.8B1.7B1.9B2.1B2.1B1.7B
Total Current Assets54.2M50.1M120.8M202.1M43.2M70.2M
Accumulated Other Comprehensive Income84.1M69.3M68.4M144.5M166.2M174.5M
Short Term Debt29.7M113.8M97.0M219.9M252.9M265.6M
Current Deferred Revenue11.3M11.3M11.1M11.7M13.4M10.7M
Retained Earnings534.9M682.8M897.6M1.1B1.2B1.3B
Common Stock468.6M469.2M470.0M470.8M541.4M407.3M
Other Liab115.2M110.1M175.7M262.8M302.2M317.3M
Net Tangible Assets1.1B1.3B1.5B1.8B2.0B1.2B
Accounts Payable37.2M30.9M36.1M45.0M45.6M37.7M
Long Term Debt1.3B1.2B1.3B1.2B1.4B1.4B
Short Long Term Debt29.7M113.8M97.0M219.9M167.6M138.5M
Property Plant Equipment2.9B2.9B3.3B3.6B4.2B3.1B
Non Current Liabilities Other318.5M274.7M305.0M279.0M254.4M306.5M
Capital Lease Obligations9.3M9.1M9.1M16.2M16.1M12.3M
Net Invested Capital2.5B2.6B2.9B3.2B3.4B3.0B
Long Term Investments106.5M93.0M96.4M105.5M53.3M83.7M
Net Working Capital(23.9M)(105.8M)(23.9M)(71.6M)(179.2M)(188.2M)
Capital Stock468.6M469.2M470.0M470.8M448.2M494.1M

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Morguard North American. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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Please note, there is a significant difference between Morguard North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Morguard North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Morguard North'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.