Mercury Long Term Debt vs Property Plant Equipment Analysis

MCY Stock  USD 72.86  0.30  0.41%   
Mercury General financial indicator trend analysis is infinitely more than just investigating Mercury General recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mercury General is a good investment. Please check the relationship between Mercury General Long Term Debt and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercury General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Mercury Stock please use our How to Invest in Mercury General guide.

Long Term Debt vs Property Plant Equipment

Long Term Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mercury General Long Term Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mercury General's Long Term Debt and Property Plant Equipment is 0.48. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Mercury General, assuming nothing else is changed. The correlation between historical values of Mercury General's Long Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Mercury General are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Long Term Debt i.e., Mercury General's Long Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.48
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Mercury General has held for over one year. Long-term debt appears on Mercury General balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Mercury General balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Property Plant Equipment

Most indicators from Mercury General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mercury General 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 Mercury General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Mercury Stock please use our How to Invest in Mercury General guide.Selling General Administrative is likely to rise to about 17.4 M in 2024, despite the fact that Tax Provision is likely to grow to (51.3 M).
 2021 2022 2023 2024 (projected)
Total Revenue4.0B3.6B4.6B2.4B
Interest Expense17.1M17.2M24.2M25.4M

Mercury General fundamental ratios Correlations

0.660.590.510.580.840.460.070.980.710.69-0.29-0.20.740.73-0.7-0.220.840.880.620.830.250.80.810.540.71
0.660.360.50.340.620.5-0.120.650.290.33-0.390.050.520.36-0.38-0.230.510.70.510.660.220.380.650.640.68
0.590.360.051.00.480.020.150.410.890.17-0.070.190.570.43-0.95-0.790.690.330.740.720.570.730.720.460.23
0.510.50.050.030.180.080.330.570.30.40.09-0.180.650.55-0.220.270.380.30.250.510.140.320.50.530.67
0.580.341.00.030.470.010.150.390.890.16-0.060.190.560.42-0.95-0.790.680.320.730.710.570.720.710.450.21
0.840.620.480.180.470.68-0.160.830.480.54-0.56-0.10.470.52-0.5-0.350.670.910.630.750.220.710.730.30.65
0.460.50.020.080.010.68-0.510.51-0.04-0.03-0.960.4-0.05-0.11-0.09-0.190.170.60.090.28-0.130.230.26-0.080.3
0.07-0.120.150.330.15-0.16-0.510.050.250.30.57-0.380.370.4-0.130.110.09-0.10.260.160.340.110.160.30.15
0.980.650.410.570.390.830.510.050.580.73-0.3-0.270.70.73-0.54-0.040.780.910.520.760.130.730.740.50.76
0.710.290.890.30.890.48-0.040.250.580.390.07-0.020.710.69-0.92-0.480.840.380.720.780.470.90.780.480.41
0.690.330.170.40.160.54-0.030.30.730.390.28-0.840.550.78-0.220.30.60.720.390.450.110.490.430.430.6
-0.29-0.39-0.070.09-0.06-0.56-0.960.57-0.30.070.28-0.610.180.290.10.35-0.06-0.41-0.05-0.20.1-0.16-0.190.18-0.13
-0.20.050.19-0.180.19-0.10.4-0.38-0.27-0.02-0.84-0.61-0.24-0.55-0.19-0.55-0.2-0.32-0.1-0.02-0.01-0.08-0.01-0.19-0.29
0.740.520.570.650.560.47-0.050.370.70.710.550.18-0.240.88-0.68-0.170.730.490.660.870.30.70.870.710.76
0.730.360.430.550.420.52-0.110.40.730.690.780.29-0.550.88-0.540.040.790.570.70.770.330.760.760.590.76
-0.7-0.38-0.95-0.22-0.95-0.5-0.09-0.13-0.54-0.92-0.220.1-0.19-0.68-0.540.71-0.75-0.39-0.73-0.77-0.56-0.77-0.77-0.49-0.31
-0.22-0.23-0.790.27-0.79-0.35-0.190.11-0.04-0.480.30.35-0.55-0.170.040.71-0.22-0.09-0.53-0.42-0.56-0.33-0.42-0.10.12
0.840.510.690.380.680.670.170.090.780.840.6-0.06-0.20.730.79-0.75-0.220.670.740.850.310.910.850.640.71
0.880.70.330.30.320.910.6-0.10.910.380.72-0.41-0.320.490.57-0.39-0.090.670.520.640.140.580.620.410.68
0.620.510.740.250.730.630.090.260.520.720.39-0.05-0.10.660.7-0.73-0.530.740.520.820.780.730.820.490.57
0.830.660.720.510.710.750.280.160.760.780.45-0.2-0.020.870.77-0.77-0.420.850.640.820.380.871.00.670.82
0.250.220.570.140.570.22-0.130.340.130.470.110.1-0.010.30.33-0.56-0.560.310.140.780.380.290.380.160.05
0.80.380.730.320.720.710.230.110.730.90.49-0.16-0.080.70.76-0.77-0.330.910.580.730.870.290.870.450.65
0.810.650.720.50.710.730.260.160.740.780.43-0.19-0.010.870.76-0.77-0.420.850.620.821.00.380.870.680.82
0.540.640.460.530.450.3-0.080.30.50.480.430.18-0.190.710.59-0.49-0.10.640.410.490.670.160.450.680.68
0.710.680.230.670.210.650.30.150.760.410.6-0.13-0.290.760.76-0.310.120.710.680.570.820.050.650.820.68
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Mercury General Account Relationship Matchups

Mercury General fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.9B6.3B6.8B6.5B7.1B7.5B
Short Long Term Debt Total420.1M416.4M407.5M420.3M588.0M617.4M
Total Stockholder Equity1.8B2.0B2.1B1.5B1.5B1.3B
Net Debt125.7M67.9M72.0M130.5M37.1M64.5M
Retained Earnings1.7B1.9B2.0B1.4B1.4B1.2B
Common Stock Shares Outstanding55.4M55.4M55.4M55.4M63.7M59.7M
Liabilities And Stockholders Equity5.9B6.3B6.8B6.5B7.1B7.5B
Non Current Liabilities Total448.1M457.5M461.1M4.8B5.6B5.8B
Total Liab4.1B4.3B4.6B5.0B5.6B5.8B
Property Plant And Equipment Net213.9M219.5M223.3M191.6M165.6M123.7M
Non Current Assets Total4.6B5.0B5.4B286.5M5.3B5.5B
Non Currrent Assets Other(28.0M)(41.1M)(53.6M)(4.9B)(5.3B)(5.0B)
Other Assets(176.6M)(47.0M)189.4M5.2B505.5M480.3M
Net Receivables697.8M648.3M688.4M658.5M601.7M394.5M
Total Current Assets1.5B1.4B1.2B978.8M1.3B691.6M
Other Current Liab(143.3M)(204.8M)(189.2M)(151.7M)(4.1M)(3.9M)
Total Current Liabilities143.3M194.4M169.1M206.8M175.2M204.4M
Accounts Payable143.3M194.4M169.1M151.7M175.2M117.4M
Cash294.4M348.5M335.6M289.8M550.9M578.4M
Cash And Short Term Investments788.5M724.1M475.7M412.7M729.4M412.9M
Common Stock Total Equity98.8M99.0M98.9M98.9M113.8M79.9M
Short Term Investments494.1M375.6M140.1M122.9M178.5M243.3M
Property Plant And Equipment Gross145.2M153.0M213.9M219.5M252.4M136.0M
Common Stock98.8M99.0M98.9M98.9M113.8M77.5M
Other Liab946.3M2.3B2.5B1.3B1.5B858.1M
Long Term Debt372.1M372.5M372.9M398.3M573.7M292.1M
Property Plant Equipment169.0M178.9M191.3M171.4M197.2M159.6M
Other Current Assets1.6B1.6B1.6B1.2B1.7B1.4B
Intangible Assets10.6M11.3M10.3M9.2M8.3M7.9M
Short Term Debt14.5M16.0M15.7M11.3M8.7M8.3M
Net Tangible Assets1.7B2.0B2.1B1.5B1.7B1.9B
Retained Earnings Total Equity1.7B1.9B2.0B1.4B1.3B1.4B
Long Term Debt Total372.1M372.5M372.9M398.3M458.1M329.7M
Inventory(1.6B)(1.6B)(1.6B)(1.3B)(1.8B)(1.7B)
Long Term Investments4.3B4.7B5.1B4.9B5.2B4.3B

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