Magellan Net Income vs Net Interest Income Analysis

MAL Stock

CAD 10.76 0.17 1.61%

Magellan Aerospace financial indicator trend analysis is infinitely more than just investigating Magellan Aerospace recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magellan Aerospace is a good investment. Please check the relationship between Magellan Aerospace Net Income and its Net Interest Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magellan Aerospace. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Net Interest Income

Net Income vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magellan Aerospace Net Income account and Net Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Magellan Aerospace's Net Income and Net Interest Income is -0.48. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Magellan Aerospace, assuming nothing else is changed. The correlation between historical values of Magellan Aerospace's Net Income and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Magellan Aerospace are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Net Income i.e., Magellan Aerospace's Net Income and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Magellan Aerospace financial statement analysis. It represents the amount of money remaining after all of Magellan Aerospace operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most indicators from Magellan Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magellan Aerospace 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 Magellan Aerospace. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Magellan Aerospace's Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Tax Provision is likely to grow to about 12.3 M, while Sales General And Administrative To Revenue is likely to drop 0.02.

	2021	2022	2023	2024 (projected)
Interest Expense	2.6M	2.7M	3.5M	3.3M
Depreciation And Amortization	51.9M	47.4M	46.6M	31.6M

Interest Expense Depreciation And Amortization

Magellan Aerospace fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Cash	Cash And Short Term Investments	Common Stock Total Equity
Total Assets		0.11	0.79	0.68	0.93	0.99	-0.1	0.75	0.67	0.97	0.39	0.74	0.86	0.18	0.9	0.26	-0.84	0.52	0.47	0.97	0.03	0.64	0.1	0.45	0.45	0.03
Short Long Term Debt Total	0.11		0.46	0.31	-0.23	0.14	0.91	-0.52	0.06	0.3	-0.12	-0.36	0.48	0.87	0.0	0.48	-0.39	0.83	-0.41	-0.09	0.34	0.72	0.87	-0.19	-0.19	0.33
Other Current Liab	0.79	0.46		0.83	0.55	0.77	0.4	0.4	0.66	0.84	0.33	0.53	0.84	0.49	0.84	0.5	-0.92	0.84	0.41	0.7	0.2	0.73	0.5	0.02	0.02	-0.18
Total Current Liabilities	0.68	0.31	0.83		0.5	0.64	0.28	0.38	0.74	0.73	0.08	0.45	0.66	0.13	0.66	0.62	-0.73	0.67	0.24	0.59	0.6	0.64	0.32	-0.01	-0.01	-0.12
Total Stockholder Equity	0.93	-0.23	0.55	0.5		0.92	-0.44	0.89	0.55	0.84	0.4	0.78	0.67	-0.15	0.83	0.07	-0.63	0.17	0.53	0.97	-0.07	0.37	-0.22	0.58	0.58	0.03
Property Plant And Equipment Net	0.99	0.14	0.77	0.64	0.92		-0.1	0.74	0.62	0.97	0.43	0.71	0.88	0.2	0.87	0.21	-0.85	0.52	0.45	0.95	0.03	0.65	0.13	0.52	0.52	0.08
Net Debt	-0.1	0.91	0.4	0.28	-0.44	-0.1		-0.62	0.07	0.09	-0.12	-0.37	0.27	0.81	-0.07	0.53	-0.27	0.77	-0.3	-0.28	0.3	0.55	0.86	-0.56	-0.56	0.07
Retained Earnings	0.75	-0.52	0.4	0.38	0.89	0.74	-0.62		0.54	0.61	0.5	0.91	0.37	-0.34	0.76	-0.1	-0.49	-0.04	0.71	0.85	-0.2	0.1	-0.44	0.52	0.52	-0.34
Accounts Payable	0.67	0.06	0.66	0.74	0.55	0.62	0.07	0.54		0.69	0.06	0.67	0.52	0.13	0.61	0.43	-0.65	0.52	0.31	0.61	0.09	0.58	0.0	0.01	0.01	-0.22
Non Current Assets Total	0.97	0.3	0.84	0.73	0.84	0.97	0.09	0.61	0.69		0.3	0.62	0.91	0.33	0.83	0.39	-0.88	0.67	0.33	0.89	0.12	0.79	0.25	0.4	0.4	0.13
Non Currrent Assets Other	0.39	-0.12	0.33	0.08	0.4	0.43	-0.12	0.5	0.06	0.3		0.59	0.31	0.1	0.55	-0.29	-0.47	0.12	0.76	0.46	-0.36	-0.03	0.07	0.11	0.11	-0.47
Net Receivables	0.74	-0.36	0.53	0.45	0.78	0.71	-0.37	0.91	0.67	0.62	0.59		0.44	-0.12	0.81	-0.12	-0.64	0.17	0.82	0.82	-0.28	0.16	-0.21	0.27	0.27	-0.54
Common Stock Shares Outstanding	0.86	0.48	0.84	0.66	0.67	0.88	0.27	0.37	0.52	0.91	0.31	0.44		0.48	0.74	0.27	-0.91	0.73	0.27	0.75	0.12	0.75	0.49	0.3	0.3	0.22
Non Current Liabilities Total	0.18	0.87	0.49	0.13	-0.15	0.2	0.81	-0.34	0.13	0.33	0.1	-0.12	0.48		0.14	0.28	-0.48	0.82	-0.14	0.01	-0.13	0.67	0.8	-0.16	-0.16	0.1
Inventory	0.9	0.0	0.84	0.66	0.83	0.87	-0.07	0.76	0.61	0.83	0.55	0.81	0.74	0.14		0.24	-0.82	0.48	0.72	0.92	-0.08	0.44	0.11	0.2	0.2	-0.28
Other Current Assets	0.26	0.48	0.5	0.62	0.07	0.21	0.53	-0.1	0.43	0.39	-0.29	-0.12	0.27	0.28	0.24		-0.23	0.56	-0.24	0.12	0.55	0.66	0.33	-0.34	-0.34	0.18
Other Stockholder Equity	-0.84	-0.39	-0.92	-0.73	-0.63	-0.85	-0.27	-0.49	-0.65	-0.88	-0.47	-0.64	-0.91	-0.48	-0.82	-0.23		-0.77	-0.49	-0.75	-0.04	-0.69	-0.48	-0.2	-0.2	0.16
Total Liab	0.52	0.83	0.84	0.67	0.17	0.52	0.77	-0.04	0.52	0.67	0.12	0.17	0.73	0.82	0.48	0.56	-0.77		0.04	0.35	0.25	0.87	0.78	-0.13	-0.13	0.01
Property Plant And Equipment Gross	0.47	-0.41	0.41	0.24	0.53	0.45	-0.3	0.71	0.31	0.33	0.76	0.82	0.27	-0.14	0.72	-0.24	-0.49	0.04		0.59	-0.4	-0.15	-0.09	-0.01	-0.01	-0.64
Total Current Assets	0.97	-0.09	0.7	0.59	0.97	0.95	-0.28	0.85	0.61	0.89	0.46	0.82	0.75	0.01	0.92	0.12	-0.75	0.35	0.59		-0.07	0.46	-0.06	0.48	0.48	-0.07
Short Term Debt	0.03	0.34	0.2	0.6	-0.07	0.03	0.3	-0.2	0.09	0.12	-0.36	-0.28	0.12	-0.13	-0.08	0.55	-0.04	0.25	-0.4	-0.07		0.3	0.23	-0.05	-0.05	0.24
Intangible Assets	0.64	0.72	0.73	0.64	0.37	0.65	0.55	0.1	0.58	0.79	-0.03	0.16	0.75	0.67	0.44	0.66	-0.69	0.87	-0.15	0.46	0.3		0.54	0.15	0.15	0.3
Current Deferred Revenue	0.1	0.87	0.5	0.32	-0.22	0.13	0.86	-0.44	0.0	0.25	0.07	-0.21	0.49	0.8	0.11	0.33	-0.48	0.78	-0.09	-0.06	0.23	0.54		-0.31	-0.31	0.1
Cash	0.45	-0.19	0.02	-0.01	0.58	0.52	-0.56	0.52	0.01	0.4	0.11	0.27	0.3	-0.16	0.2	-0.34	-0.2	-0.13	-0.01	0.48	-0.05	0.15	-0.31		1.0	0.3
Cash And Short Term Investments	0.45	-0.19	0.02	-0.01	0.58	0.52	-0.56	0.52	0.01	0.4	0.11	0.27	0.3	-0.16	0.2	-0.34	-0.2	-0.13	-0.01	0.48	-0.05	0.15	-0.31	1.0		0.3
Common Stock Total Equity	0.03	0.33	-0.18	-0.12	0.03	0.08	0.07	-0.34	-0.22	0.13	-0.47	-0.54	0.22	0.1	-0.28	0.18	0.16	0.01	-0.64	-0.07	0.24	0.3	0.1	0.3	0.3

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Magellan Aerospace Account Relationship Matchups

Magellan Aerospace fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.1B	1.0B	1.0B	1.0B	750.1M
Short Long Term Debt Total	118.9M	115.2M	67.8M	62.0M	73.5M	69.8M
Other Current Liab	55.7M	69.5M	53.6M	64.5M	76.7M	73.2M
Total Current Liabilities	200.1M	164.8M	133.6M	181.6M	195.6M	199.9M
Total Stockholder Equity	812.5M	782.5M	762.4M	728.4M	734.0M	410.4M
Property Plant And Equipment Net	483.8M	460.4M	431.2M	414.9M	386.6M	300.9M
Net Debt	49.3M	1.2M	35.3M	21.1M	72.0M	108.5M
Retained Earnings	516.9M	492.7M	480.0M	443.0M	447.0M	469.3M
Accounts Payable	85.6M	45.2M	52.1M	69.3M	66.0M	84.1M
Non Current Assets Total	597.8M	547.8M	522.5M	498.6M	474.3M	390.0M
Non Currrent Assets Other	8.8M	7.3M	11.6M	7.0M	10.0M	9.6M
Net Receivables	255.8M	184.8M	230.6M	235.0M	280.4M	294.4M
Liabilities And Stockholders Equity	1.1B	1.1B	1.0B	1.0B	1.0B	750.1M
Non Current Liabilities Total	125.2M	121.9M	104.3M	97.6M	92.0M	138.8M
Inventory	196.8M	213.1M	208.6M	226.4M	258.4M	199.2M
Other Current Assets	21.1M	12.9M	9.7M	10.0M	10.4M	20.1M
Total Liab	325.3M	286.7M	238.0M	279.2M	287.7M	338.7M
Property Plant And Equipment Gross	483.8M	460.4M	953.3M	979.8M	974.9M	1.0B
Total Current Assets	543.4M	524.8M	481.3M	512.3M	550.8M	360.0M
Accumulated Other Comprehensive Income	25.5M	21.9M	14.5M	18.7M	21.3M	22.4M
Short Term Debt	48.1M	50.1M	10.3M	11.6M	25.0M	23.7M
Intangible Assets	65.4M	55.2M	47.8M	41.4M	37.4M	44.4M
Current Deferred Revenue	10.6M	16.5M	17.7M	36.1M	28.0M	29.4M
Cash	69.6M	113.9M	32.5M	40.9M	1.5M	1.4M
Cash And Short Term Investments	69.6M	113.9M	32.5M	40.9M	1.5M	1.4M
Other Liab	54.5M	56.8M	46.8M	45.9M	52.8M	55.7M
Net Tangible Assets	736.6M	722.1M	705.2M	672.6M	773.5M	666.7M
Other Assets	35.6M	24.5M	31.6M	15.8M	14.2M	13.5M
Long Term Debt	31.0M	29.8M	26.9M	23.9M	24.2M	23.0M
Deferred Long Term Liab	23.6M	16.7M	12.3M	7.9M	7.1M	6.7M
Short Long Term Debt	48.1M	50.1M	10.3M	10.3M	20.2M	19.2M
Property Plant Equipment	483.8M	460.4M	431.2M	414.9M	477.1M	450.9M
Good Will	34.1M	22.0M	21.8M	22.2M	22.2M	23.5M
Long Term Debt Total	70.8M	65.1M	57.5M	51.7M	46.5M	61.1M
Non Current Liabilities Other	20.3M	21.5M	7.2M	7.2M	6.1M	11.6M
Cash And Equivalents	35.5M	67.9M	16.7M	2.7M	2.5M	2.3M

Pair Trading with Magellan Aerospace

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 Magellan Aerospace 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 Magellan Aerospace will appreciate offsetting losses from the drop in the long position's value.

Moving together with Magellan Stock

0.83	BMO-PE	Bank of Montreal Earnings Call This Week	Pair Corr
0.91	BMO	Bank of Montreal Earnings Call This Week	Pair Corr
0.8	RY-PS	Royal Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Magellan Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Aerospace 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 Magellan Aerospace - 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 Magellan Aerospace to buy it.

The correlation of Magellan Aerospace 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 Magellan Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Aerospace 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 Magellan Aerospace 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 Correlation Correlation Matching

Other Information on Investing in Magellan Stock

Balance Sheet is a snapshot of the financial position of Magellan Aerospace at a specified time, usually calculated after every quarter, six months, or one year. Magellan Aerospace Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Magellan Aerospace 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 Magellan currently owns. An asset can also be divided into two categories, current and non-current.

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Magellan Net Income vs Net Interest Income Analysis

Net Income vs Net Interest Income

Net Income vs Net Interest Income Correlation Analysis

Correlation Coefficient

Net Income

Net Interest Income

Magellan Aerospace fundamental ratios Correlations

Magellan Aerospace Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magellan Aerospace fundamental ratios Accounts

Pair Trading with Magellan Aerospace

Moving together with Magellan Stock

Other Information on Investing in Magellan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net

Other Stockholder Equity	- 0.92	Other Current Liab
Other Stockholder Equity	- 0.91	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.88	Non Current Assets Total
Other Stockholder Equity	- 0.85	Property Plant And Equipment Net
Other Stockholder Equity	- 0.84	Total Assets
Other Stockholder Equity	- 0.82	Inventory