Morguard Historical Balance Sheet

MRG-UN Stock  CAD 18.58  0.02  0.11%   
Trend analysis of Morguard North American balance sheet accounts such as Total Current Liabilities of 171.8 M provides information on Morguard North's total assets, liabilities, and equity, which is the actual value of Morguard North American to its prevalent stockholders. By breaking down trends over time using Morguard North balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Morguard North American latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Morguard North American is a good buy for the upcoming year.

Morguard North Inventory

17.79 Million

  
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 closely tied with the direction of predictive economic indicators such as signals in employment.

About Morguard Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Morguard North American at a specified time, usually calculated after every quarter, six months, or one year. Morguard North Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Morguard North and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Morguard currently owns. An asset can also be divided into two categories, current and non-current.

Morguard North Balance Sheet Chart

At present, Morguard North's Other Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Net Receivables is expected to grow to about 2.6 M, whereas Total Assets are forecasted to decline to about 2.8 B.

Total Assets

Total assets refers to the total amount of Morguard North assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Morguard North American books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Morguard North balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Morguard North American 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 accounts from Morguard North's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 closely tied with the direction of predictive economic indicators such as signals in employment.
At present, Morguard North's Other Current Liabilities is projected to decrease significantly based on the last few years of reporting. The current year's Net Receivables is expected to grow to about 2.6 M, whereas Total Assets are forecasted to decline to about 2.8 B.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total1.4B1.5B1.6B1.3B
Total Assets3.5B3.9B4.1B2.8B

Morguard North balance sheet Correlations

0.950.060.660.970.950.611.0-0.670.610.620.950.970.39-0.40.970.540.61.0-0.550.820.940.350.940.690.87
0.950.280.660.841.00.650.95-0.570.650.580.870.990.24-0.460.990.410.660.94-0.40.680.910.20.880.540.67
0.060.280.15-0.120.270.250.070.340.250.15-0.090.21-0.270.030.21-0.240.290.080.25-0.2-0.01-0.27-0.09-0.23-0.26
0.660.660.150.610.670.250.65-0.420.250.40.750.580.41-0.130.660.460.930.64-0.550.530.580.360.520.520.53
0.970.84-0.120.610.840.540.96-0.70.540.580.940.880.46-0.310.880.590.540.97-0.640.880.90.440.920.760.96
0.951.00.270.670.840.640.95-0.570.640.580.870.990.24-0.460.990.410.660.94-0.40.680.910.20.880.540.67
0.610.650.250.250.540.640.61-0.421.00.550.530.660.01-0.50.640.240.240.59-0.060.430.56-0.140.670.220.41
1.00.950.070.650.960.950.61-0.660.610.620.940.970.35-0.410.970.510.611.0-0.540.820.950.320.940.680.86
-0.67-0.570.34-0.42-0.7-0.57-0.42-0.66-0.42-0.43-0.69-0.6-0.350.45-0.61-0.5-0.35-0.670.57-0.73-0.64-0.36-0.73-0.67-0.68
0.610.650.250.250.540.641.00.61-0.420.550.530.660.01-0.50.640.240.240.59-0.060.430.56-0.140.670.220.41
0.620.580.150.40.580.580.550.62-0.430.550.530.60.13-0.740.610.290.30.61-0.170.480.610.070.680.250.49
0.950.87-0.090.750.940.870.530.94-0.690.530.530.880.49-0.330.90.620.650.93-0.680.810.90.480.870.730.86
0.970.990.210.580.880.990.660.97-0.60.660.60.880.28-0.480.990.450.560.96-0.40.720.930.230.910.570.72
0.390.24-0.270.410.460.240.010.35-0.350.010.130.490.280.110.310.960.240.33-0.430.350.270.850.30.360.43
-0.4-0.460.03-0.13-0.31-0.46-0.5-0.410.45-0.5-0.74-0.33-0.480.11-0.46-0.04-0.09-0.38-0.2-0.12-0.450.22-0.560.1-0.16
0.970.990.210.660.880.990.640.97-0.610.640.610.90.990.31-0.460.480.630.97-0.440.730.930.260.910.590.73
0.540.41-0.240.460.590.410.240.51-0.50.240.290.620.450.96-0.040.480.270.49-0.490.510.440.810.50.490.53
0.60.660.290.930.540.660.240.61-0.350.240.30.650.560.24-0.090.630.270.61-0.480.460.550.310.50.450.46
1.00.940.080.640.970.940.591.0-0.670.590.610.930.960.33-0.380.970.490.61-0.570.850.940.330.930.720.88
-0.55-0.40.25-0.55-0.64-0.4-0.06-0.540.57-0.06-0.17-0.68-0.4-0.43-0.2-0.44-0.49-0.48-0.57-0.82-0.51-0.65-0.45-0.93-0.73
0.820.68-0.20.530.880.680.430.82-0.730.430.480.810.720.35-0.120.730.510.460.85-0.820.770.430.810.950.91
0.940.91-0.010.580.90.910.560.95-0.640.560.610.90.930.27-0.450.930.440.550.94-0.510.770.320.930.630.8
0.350.2-0.270.360.440.2-0.140.32-0.36-0.140.070.480.230.850.220.260.810.310.33-0.650.430.320.290.50.47
0.940.88-0.090.520.920.880.670.94-0.730.670.680.870.910.3-0.560.910.50.50.93-0.450.810.930.290.620.82
0.690.54-0.230.520.760.540.220.68-0.670.220.250.730.570.360.10.590.490.450.72-0.930.950.630.50.620.83
0.870.67-0.260.530.960.670.410.86-0.680.410.490.860.720.43-0.160.730.530.460.88-0.730.910.80.470.820.83
Click cells to compare fundamentals

Morguard North Account Relationship Matchups

Morguard North balance sheet Accounts

201920202021202220232024 (projected)
Total Assets3.0B3.1B3.5B3.9B4.1B2.8B
Short Long Term Debt Total1.3B1.3B1.4B1.5B1.6B1.3B
Other Current Liab444K11.6M11.7M8.7M9.2M12.1M
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 Other(3.0B)(3.0B)(3.4B)(3.7B)(4.1B)(3.9B)
Cash And Short Term Investments17.7M27.3M26.6M14.6M17.8M17.4M
Net Receivables3.3M5.6M2.0M3.5M2.4M2.6M
Common Stock Shares Outstanding39.0M39.0M39.1M60.5M58.5M38.1M
Liabilities And Stockholders Equity3.0B3.1B3.5B3.9B4.1B2.8B
Non Current Liabilities Total1.7B1.6B1.8B1.8B1.9B1.5B
Other Current Assets20.0M17.2M92.2M184.0M22.9M21.8M
Total Liab1.8B1.7B1.9B2.1B2.1B1.7B
Total Current Assets54.2M50.1M120.8M202.1M43.2M70.2M
Accumulated Other Comprehensive Income84.1M69.3M68.4M144.5M118.0M78.7M
Short Term Debt29.7M113.8M97.0M219.9M167.6M120.9M
Property Plant And Equipment Net2.9B2.9B3.3B3.6B4.0B2.8B
Current Deferred Revenue11.3M11.1M11.7M(167.6M)(150.9M)(143.3M)
Retained Earnings534.9M682.8M897.6M1.1B1.2B1.3B
Accounts Payable48.0M30.5M36.1M45.0M45.6M34.0M
Inventory13.2M(4.1M)17.0M95.4M13.1M17.8M
Common Stock468.6M469.2M470.0M470.8M448.2M414.5M
Other Liab115.2M110.1M175.7M262.8M302.2M317.3M
Net Tangible Assets1.1B1.3B1.5B1.8B2.0B1.2B
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

Pair Trading with Morguard North

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Morguard North position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Morguard North will appreciate offsetting losses from the drop in the long position's value.

Moving against Morguard Stock

  0.55JPM JPMorgan ChasePairCorr
  0.45BOFA Bank of AmericaPairCorr
  0.37BRK Berkshire Hathaway CDRPairCorr
  0.34TD-PFD Toronto Dominion Bank Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Morguard North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard North when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Morguard North - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Morguard North American to buy it.
The correlation of Morguard North is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Morguard North can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Morguard Stock

Balance Sheet is a snapshot of the financial position of Morguard North American at a specified time, usually calculated after every quarter, six months, or one year. Morguard North Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Morguard North and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Morguard currently owns. An asset can also be divided into two categories, current and non-current.