Morguard Retained Earnings vs Net Debt Analysis
MRG-UN Stock | CAD 15.50 0.05 0.32% |
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 Retained Earnings and its Net Debt 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.
Retained Earnings vs Net Debt
Retained Earnings vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard North American Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Morguard North's Retained Earnings and Net Debt is 0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt 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 Retained Earnings and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Morguard North American are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Morguard North's Retained Earnings and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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 Revenue | 245.6M | 278.5M | 331.6M | 228.7M | Interest Expense | 46.4M | 49.9M | 60.7M | 46.6M |
Morguard North fundamental ratios Correlations
Click cells to compare fundamentals
Morguard North Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Morguard North fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 3.1B | 3.5B | 3.9B | 4.1B | 2.8B | |
Short Long Term Debt Total | 1.3B | 1.3B | 1.4B | 1.5B | 1.7B | 1.2B | |
Other Current Liab | 11.3M | 11.1M | 11.7M | 8.7M | 7.9M | 14.7M | |
Total Current Liabilities | 78.1M | 155.9M | 144.7M | 273.7M | 222.4M | 171.8M | |
Total Stockholder Equity | 1.1B | 1.3B | 1.5B | 1.8B | 1.9B | 1.0B | |
Net Debt | 1.3B | 1.3B | 1.4B | 1.5B | 1.5B | 1.3B | |
Cash | 17.7M | 27.3M | 26.6M | 14.6M | 17.8M | 17.4M | |
Non Current Assets Total | 3.0B | 3.0B | 3.4B | 3.7B | 4.1B | 2.7B | |
Non Currrent Assets Other | 2.9B | 2.9B | 3.3B | 3.6B | 4.2B | 2.3B | |
Cash And Short Term Investments | 17.7M | 27.3M | 26.6M | 14.6M | 16.8M | 17.2M | |
Net Receivables | 3.3M | 5.6M | 7.2M | 11.4M | 9.6M | 5.3M | |
Common Stock Shares Outstanding | 39.0M | 39.0M | 39.1M | 39.1M | 37.7M | 34.5M | |
Liabilities And Stockholders Equity | 3.0B | 3.1B | 3.5B | 3.9B | 4.5B | 2.6B | |
Non Current Liabilities Total | 1.7B | 1.6B | 1.8B | 1.8B | 1.9B | 1.5B | |
Other Current Assets | 20.0M | 17.2M | 70M | 80.7M | 2.6M | 2.5M | |
Total Liab | 1.8B | 1.7B | 1.9B | 2.1B | 2.1B | 1.7B | |
Total Current Assets | 54.2M | 50.1M | 120.8M | 202.1M | 43.2M | 70.2M | |
Accumulated Other Comprehensive Income | 84.1M | 69.3M | 68.4M | 144.5M | 166.2M | 174.5M | |
Short Term Debt | 29.7M | 113.8M | 97.0M | 219.9M | 252.9M | 265.6M | |
Current Deferred Revenue | 11.3M | 11.3M | 11.1M | 11.7M | 13.4M | 10.7M | |
Retained Earnings | 534.9M | 682.8M | 897.6M | 1.1B | 1.2B | 1.3B | |
Common Stock | 468.6M | 469.2M | 470.0M | 470.8M | 541.4M | 407.3M | |
Other Liab | 115.2M | 110.1M | 175.7M | 262.8M | 302.2M | 317.3M | |
Net Tangible Assets | 1.1B | 1.3B | 1.5B | 1.8B | 2.0B | 1.2B | |
Accounts Payable | 37.2M | 30.9M | 36.1M | 45.0M | 45.6M | 37.7M | |
Long Term Debt | 1.3B | 1.2B | 1.3B | 1.2B | 1.4B | 1.4B | |
Short Long Term Debt | 29.7M | 113.8M | 97.0M | 219.9M | 167.6M | 138.5M | |
Property Plant Equipment | 2.9B | 2.9B | 3.3B | 3.6B | 4.2B | 3.1B | |
Non Current Liabilities Other | 318.5M | 274.7M | 305.0M | 279.0M | 254.4M | 306.5M | |
Capital Lease Obligations | 9.3M | 9.1M | 9.1M | 16.2M | 16.1M | 12.3M | |
Net Invested Capital | 2.5B | 2.6B | 2.9B | 3.2B | 3.4B | 3.0B | |
Long Term Investments | 106.5M | 93.0M | 96.4M | 105.5M | 53.3M | 83.7M | |
Net Working Capital | (23.9M) | (105.8M) | (23.9M) | (71.6M) | (179.2M) | (188.2M) | |
Capital Stock | 468.6M | 469.2M | 470.0M | 470.8M | 448.2M | 494.1M |
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Try AI Portfolio ArchitectCheck 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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