Magellan Other Current Liab vs Non Current Liabilities Total Analysis

MAL Stock

CAD 10.03 0.05 0.50%

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 Other Current Liab and its Non Current Liabilities Total 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.

Other Current Liab vs Non Current Liabilities Total

Other Current Liab vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magellan Aerospace Other Current Liab account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Magellan Aerospace's Other Current Liab and Non Current Liabilities Total is 0.44. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Liabilities Total 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 Other Current Liab and Non Current Liabilities 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 Other Current Liab of Magellan Aerospace are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Other Current Liab i.e., Magellan Aerospace's Other Current Liab and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Other Current Liab

Non Current Liabilities Total

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 1st of March 2025, Tax Provision is likely to grow to about 12.3 M, while Sales General And Administrative To Revenue is likely to drop 0.03.

	2022	2023	2024	2025 (projected)
Interest Expense	2.7M	3.5M	3.1M	3.0M
Depreciation And Amortization	47.4M	46.6M	53.6M	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		0.01	0.81	0.69	0.84	0.99	-0.12	0.74	0.67	0.96	0.43	0.71	0.86	0.14	0.89	0.21	-0.83	0.51	0.49	0.97	-0.01	0.56	0.08	0.37	0.37	-0.02
Short Long Term Debt Total	0.01		0.44	0.3	-0.26	0.05	0.93	-0.45	0.12	0.22	-0.06	-0.25	0.34	0.89	-0.06	0.48	-0.42	0.85	-0.28	-0.19	0.31	0.69	0.86	-0.22	-0.22	0.01
Other Current Liab	0.81	0.44		0.84	0.61	0.78	0.36	0.44	0.67	0.84	0.37	0.55	0.85	0.44	0.83	0.44	-0.91	0.82	0.45	0.72	0.15	0.65	0.48	-0.03	-0.03	-0.21
Total Current Liabilities	0.69	0.3	0.84		0.55	0.66	0.25	0.41	0.75	0.73	0.12	0.47	0.68	0.1	0.66	0.56	-0.73	0.66	0.3	0.61	0.55	0.58	0.31	-0.05	-0.05	-0.16
Total Stockholder Equity	0.84	-0.26	0.61	0.55		0.81	-0.43	0.97	0.66	0.72	0.56	0.93	0.52	-0.16	0.84	-0.02	-0.66	0.19	0.75	0.88	-0.19	0.21	-0.23	0.35	0.35	-0.43
Property Plant And Equipment Net	0.99	0.05	0.78	0.66	0.81		-0.12	0.72	0.63	0.97	0.45	0.66	0.88	0.18	0.84	0.17	-0.85	0.52	0.44	0.93	0.0	0.59	0.12	0.46	0.46	0.03
Net Debt	-0.12	0.93	0.36	0.25	-0.43	-0.12		-0.61	0.06	0.07	-0.14	-0.36	0.23	0.81	-0.12	0.54	-0.26	0.76	-0.3	-0.3	0.31	0.56	0.86	-0.52	-0.52	0.07
Retained Earnings	0.74	-0.45	0.44	0.41	0.97	0.72	-0.61		0.56	0.59	0.54	0.91	0.37	-0.35	0.76	-0.14	-0.49	-0.02	0.74	0.83	-0.24	0.03	-0.42	0.4	0.4	-0.42
Accounts Payable	0.67	0.12	0.67	0.75	0.66	0.63	0.06	0.56		0.69	0.09	0.66	0.53	0.12	0.59	0.4	-0.65	0.52	0.34	0.61	0.06	0.55	0.0	-0.02	-0.02	-0.27
Non Current Assets Total	0.96	0.22	0.84	0.73	0.72	0.97	0.07	0.59	0.69		0.33	0.56	0.91	0.31	0.79	0.36	-0.88	0.66	0.32	0.86	0.1	0.75	0.24	0.36	0.36	0.08
Non Currrent Assets Other	0.43	-0.06	0.37	0.12	0.56	0.45	-0.14	0.54	0.09	0.33		0.62	0.35	0.07	0.58	-0.32	-0.47	0.12	0.76	0.5	-0.39	-0.07	0.07	0.05	0.05	-0.41
Net Receivables	0.71	-0.25	0.55	0.47	0.93	0.66	-0.36	0.91	0.66	0.56	0.62		0.42	-0.14	0.81	-0.17	-0.6	0.17	0.87	0.8	-0.33	0.05	-0.19	0.11	0.11	-0.61
Common Stock Shares Outstanding	0.86	0.34	0.85	0.68	0.52	0.88	0.23	0.37	0.53	0.91	0.35	0.42		0.44	0.74	0.22	-0.91	0.72	0.28	0.76	0.08	0.68	0.46	0.24	0.24	0.16
Non Current Liabilities Total	0.14	0.89	0.44	0.1	-0.16	0.18	0.81	-0.35	0.12	0.31	0.07	-0.14	0.44		0.07	0.29	-0.47	0.82	-0.16	-0.03	-0.11	0.67	0.8	-0.13	-0.13	0.07
Inventory	0.89	-0.06	0.83	0.66	0.84	0.84	-0.12	0.76	0.59	0.79	0.58	0.81	0.74	0.07		0.13	-0.75	0.44	0.75	0.93	-0.14	0.3	0.08	0.07	0.07	-0.3
Other Current Assets	0.21	0.48	0.44	0.56	-0.02	0.17	0.54	-0.14	0.4	0.36	-0.32	-0.17	0.22	0.29	0.13		-0.22	0.55	-0.28	0.05	0.57	0.67	0.33	-0.29	-0.29	0.16
Other Stockholder Equity	-0.83	-0.42	-0.91	-0.73	-0.66	-0.85	-0.26	-0.49	-0.65	-0.88	-0.47	-0.6	-0.91	-0.47	-0.75	-0.22		-0.78	-0.46	-0.72	-0.03	-0.67	-0.48	-0.18	-0.18	0.16
Total Liab	0.51	0.85	0.82	0.66	0.19	0.52	0.76	-0.02	0.52	0.66	0.12	0.17	0.72	0.82	0.44	0.55	-0.78		0.05	0.33	0.24	0.85	0.78	-0.13	-0.13	-0.04
Property Plant And Equipment Gross	0.49	-0.28	0.45	0.3	0.75	0.44	-0.3	0.74	0.34	0.32	0.76	0.87	0.28	-0.16	0.75	-0.28	-0.46	0.05		0.62	-0.43	-0.22	-0.08	-0.12	-0.12	-0.66
Total Current Assets	0.97	-0.19	0.72	0.61	0.88	0.93	-0.3	0.83	0.61	0.86	0.5	0.8	0.76	-0.03	0.93	0.05	-0.72	0.33	0.62		-0.13	0.35	-0.07	0.35	0.35	-0.11
Short Term Debt	-0.01	0.31	0.15	0.55	-0.19	0.0	0.31	-0.24	0.06	0.1	-0.39	-0.33	0.08	-0.11	-0.14	0.57	-0.03	0.24	-0.43	-0.13		0.32	0.23	-0.01	-0.01	0.25
Intangible Assets	0.56	0.69	0.65	0.58	0.21	0.59	0.56	0.03	0.55	0.75	-0.07	0.05	0.68	0.67	0.3	0.67	-0.67	0.85	-0.22	0.35	0.32		0.53	0.18	0.18	0.25
Current Deferred Revenue	0.08	0.86	0.48	0.31	-0.23	0.12	0.86	-0.42	0.0	0.24	0.07	-0.19	0.46	0.8	0.08	0.33	-0.48	0.78	-0.08	-0.07	0.23	0.53		-0.3	-0.3	0.06
Cash	0.37	-0.22	-0.03	-0.05	0.35	0.46	-0.52	0.4	-0.02	0.36	0.05	0.11	0.24	-0.13	0.07	-0.29	-0.18	-0.13	-0.12	0.35	-0.01	0.18	-0.3		1.0	0.28
Cash And Short Term Investments	0.37	-0.22	-0.03	-0.05	0.35	0.46	-0.52	0.4	-0.02	0.36	0.05	0.11	0.24	-0.13	0.07	-0.29	-0.18	-0.13	-0.12	0.35	-0.01	0.18	-0.3	1.0		0.28
Common Stock Total Equity	-0.02	0.01	-0.21	-0.16	-0.43	0.03	0.07	-0.42	-0.27	0.08	-0.41	-0.61	0.16	0.07	-0.3	0.16	0.16	-0.04	-0.66	-0.11	0.25	0.25	0.06	0.28	0.28

Click cells to compare fundamentals

Magellan Aerospace Account Relationship Matchups

Magellan Aerospace fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.1B	1.0B	1.0B	1.0B	1.2B	750.1M
Short Long Term Debt Total	115.2M	67.8M	62.0M	73.5M	84.5M	168.3M
Other Current Liab	69.5M	53.6M	64.5M	76.7M	88.2M	73.2M
Total Current Liabilities	164.8M	133.6M	181.6M	195.6M	225.0M	199.9M
Total Stockholder Equity	782.5M	762.4M	728.4M	734.0M	844.1M	886.4M
Property Plant And Equipment Net	460.4M	431.2M	414.9M	386.6M	444.6M	300.9M
Net Debt	1.2M	35.3M	21.1M	72.0M	64.8M	108.5M
Retained Earnings	492.7M	480.0M	443.0M	447.0M	514.0M	539.7M
Accounts Payable	45.2M	52.1M	69.3M	66.0M	75.9M	84.1M
Non Current Assets Total	547.8M	522.5M	498.6M	474.3M	545.4M	390.0M
Non Currrent Assets Other	7.3M	11.6M	7.0M	10.0M	9.0M	9.6M
Net Receivables	184.8M	230.6M	235.0M	280.4M	322.5M	338.6M
Common Stock Shares Outstanding	58.1M	57.7M	57.6M	57.4M	66.0M	36.2M
Liabilities And Stockholders Equity	1.1B	1.0B	1.0B	1.0B	1.2B	750.1M
Non Current Liabilities Total	121.9M	104.3M	97.6M	92.0M	105.8M	138.8M
Inventory	213.1M	208.6M	226.4M	258.4M	297.2M	199.2M
Other Current Assets	12.9M	9.7M	10.0M	10.4M	12.0M	20.1M
Total Liab	286.7M	238.0M	279.2M	287.7M	330.8M	338.7M
Property Plant And Equipment Gross	460.4M	953.3M	979.8M	974.9M	1.1B	1.2B
Total Current Assets	524.8M	481.3M	512.3M	550.8M	633.4M	360.0M
Accumulated Other Comprehensive Income	21.9M	14.5M	18.7M	21.3M	24.5M	25.8M
Short Term Debt	50.1M	10.3M	11.6M	25.0M	22.5M	21.4M
Intangible Assets	55.2M	47.8M	41.4M	37.4M	43.0M	44.4M
Current Deferred Revenue	16.5M	17.7M	36.1M	28.0M	32.2M	33.8M
Cash	113.9M	32.5M	40.9M	1.5M	1.7M	1.6M
Cash And Short Term Investments	113.9M	32.5M	40.9M	1.5M	1.7M	1.6M
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	29.8M	26.9M	23.9M	24.2M	21.7M	20.7M
Deferred Long Term Liab	23.6M	16.7M	12.3M	7.9M	7.1M	6.7M
Short Long Term Debt	50.1M	10.3M	10.3M	20.2M	18.1M	17.2M
Property Plant Equipment	483.8M	460.4M	431.2M	414.9M	477.1M	450.9M
Good Will	22.0M	21.8M	22.2M	22.2M	19.9M	23.5M
Long Term Debt Total	70.8M	65.1M	57.5M	51.7M	46.5M	61.1M
Non Current Liabilities Other	21.5M	7.2M	7.2M	6.1M	5.5M	5.2M
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 against Magellan Stock

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0.51	META	Meta Platforms CDR	Pair Corr
0.5	GOOG	Alphabet CDR	Pair Corr
0.47	AMZN	Amazon CDR	Pair Corr
0.43	CAE	CAE Inc	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 Other Current Liab vs Non Current Liabilities Total Analysis

Other Current Liab vs Non Current Liabilities Total

Other Current Liab vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Other Current Liab

Non Current Liabilities Total

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 against 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
Total Current Assets	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.96	Total Assets

Other Stockholder Equity	- 0.91	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.91	Other Current Liab
Other Stockholder Equity	- 0.88	Non Current Assets Total
Other Stockholder Equity	- 0.85	Property Plant And Equipment Net
Other Stockholder Equity	- 0.83	Total Assets
Total Liab	- 0.78	Other Stockholder Equity