MDA Total Current Assets vs Current Deferred Revenue Analysis

MDA Stock

CAD 28.50 0.11 0.39%

MDA financial indicator trend analysis is infinitely more than just investigating MDA recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MDA is a good investment. Please check the relationship between MDA Total Current Assets and its Current Deferred Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MDA. 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.

Total Current Assets vs Current Deferred Revenue

Total Current Assets vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MDA Total Current Assets account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak relationship.

The correlation between MDA's Total Current Assets and Current Deferred Revenue is 0.37. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of MDA, assuming nothing else is changed. The correlation between historical values of MDA's Total Current Assets and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of MDA are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Assets i.e., MDA's Total Current Assets and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from MDA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MDA 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 MDA. 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, MDA's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 14th of December 2024, Enterprise Value Over EBITDA is likely to grow to 21.77, while Tax Provision is likely to drop about 9.4 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	79.8M	76.2M	78.1M	80.4M
Interest Income	32.2M	34.2M	2M	1.9M

Depreciation And Amortization Interest Income

MDA fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Deferred Long Term Liab	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will
Other Current Liab		-0.42	-0.39	-0.17	-0.27	-0.69	-0.2	-0.54	-0.49	-0.31	-0.75	-0.59	-0.42	-0.56	0.81	-0.81	-0.52	-0.64	0.76	-0.52	0.44	-0.6	-0.71	0.84	0.44	-0.43
Total Current Liabilities	-0.42		0.69	-0.31	0.74	0.89	0.86	0.77	0.87	0.92	0.77	0.91	0.72	0.96	-0.37	0.81	0.97	0.53	-0.21	0.88	-0.98	0.95	0.91	-0.44	-0.98	0.6
Other Liab	-0.39	0.69		-0.79	0.1	0.72	0.26	0.98	0.96	0.53	0.88	0.78	1.0	0.68	-0.63	0.81	0.69	0.59	-0.58	0.58	-0.64	0.71	0.79	-0.68	-0.64	0.34
Net Tangible Assets	-0.17	-0.31	-0.79		0.29	-0.17	0.07	-0.66	-0.63	-0.23	-0.43	-0.43	-0.76	-0.27	0.28	-0.33	-0.26	-0.27	0.25	-0.25	0.25	-0.28	-0.31	0.3	0.25	-0.19
Accounts Payable	-0.27	0.74	0.1	0.29		0.63	0.93	0.25	0.35	0.74	0.28	0.48	0.13	0.74	0.14	0.39	0.77	-0.01	0.29	0.67	-0.74	0.71	0.59	0.07	-0.74	0.44
Other Assets	-0.69	0.89	0.72	-0.17	0.63		0.65	0.82	0.87	0.7	0.89	0.84	0.74	0.89	-0.58	0.91	0.92	0.63	-0.49	0.75	-0.89	0.9	0.96	-0.64	-0.89	0.41
Net Receivables	-0.2	0.86	0.26	0.07	0.93	0.65		0.36	0.5	0.9	0.38	0.63	0.29	0.79	0.04	0.47	0.81	0.18	0.21	0.75	-0.84	0.76	0.64	-0.03	-0.84	0.52
Inventory	-0.54	0.77	0.98	-0.66	0.25	0.82	0.36		0.98	0.61	0.94	0.87	0.98	0.8	-0.69	0.9	0.8	0.63	-0.6	0.71	-0.73	0.82	0.9	-0.74	-0.73	0.47
Other Current Assets	-0.49	0.87	0.96	-0.63	0.35	0.87	0.5	0.98		0.71	0.93	0.91	0.96	0.85	-0.64	0.9	0.86	0.66	-0.53	0.74	-0.83	0.86	0.92	-0.69	-0.83	0.47
Total Current Assets	-0.31	0.92	0.53	-0.23	0.74	0.7	0.9	0.61	0.71		0.62	0.8	0.57	0.85	-0.24	0.65	0.85	0.37	-0.08	0.81	-0.85	0.83	0.76	-0.3	-0.85	0.6
Common Stock	-0.75	0.77	0.88	-0.43	0.28	0.89	0.38	0.94	0.93	0.62		0.88	0.9	0.78	-0.84	0.98	0.78	0.79	-0.76	0.69	-0.74	0.82	0.93	-0.88	-0.74	0.45
Property Plant Equipment	-0.59	0.91	0.78	-0.43	0.48	0.84	0.63	0.87	0.91	0.8	0.88		0.8	0.93	-0.66	0.93	0.89	0.75	-0.49	0.93	-0.92	0.94	0.94	-0.71	-0.92	0.76
Deferred Long Term Liab	-0.42	0.72	1.0	-0.76	0.13	0.74	0.29	0.98	0.96	0.57	0.9	0.8		0.7	-0.65	0.83	0.71	0.61	-0.59	0.59	-0.66	0.73	0.81	-0.7	-0.66	0.35
Total Assets	-0.56	0.96	0.68	-0.27	0.74	0.89	0.79	0.8	0.85	0.85	0.78	0.93	0.7		-0.43	0.86	0.99	0.5	-0.25	0.96	-0.96	1.0	0.95	-0.5	-0.96	0.73
Short Long Term Debt Total	0.81	-0.37	-0.63	0.28	0.14	-0.58	0.04	-0.69	-0.64	-0.24	-0.84	-0.66	-0.65	-0.43		-0.82	-0.38	-0.9	0.97	-0.42	0.39	-0.48	-0.64	1.0	0.39	-0.36
Total Stockholder Equity	-0.81	0.81	0.81	-0.33	0.39	0.91	0.47	0.9	0.9	0.65	0.98	0.93	0.83	0.86	-0.82		0.84	0.79	-0.71	0.79	-0.81	0.89	0.96	-0.87	-0.81	0.58
Property Plant And Equipment Net	-0.52	0.97	0.69	-0.26	0.77	0.92	0.81	0.8	0.86	0.85	0.78	0.89	0.71	0.99	-0.38	0.84		0.46	-0.23	0.91	-0.96	0.98	0.95	-0.46	-0.96	0.62
Current Deferred Revenue	-0.64	0.53	0.59	-0.27	-0.01	0.63	0.18	0.63	0.66	0.37	0.79	0.75	0.61	0.5	-0.9	0.79	0.46		-0.83	0.5	-0.57	0.53	0.65	-0.89	-0.57	0.39
Net Debt	0.76	-0.21	-0.58	0.25	0.29	-0.49	0.21	-0.6	-0.53	-0.08	-0.76	-0.49	-0.59	-0.25	0.97	-0.71	-0.23	-0.83		-0.2	0.21	-0.31	-0.51	0.95	0.21	-0.13
Retained Earnings	-0.52	0.88	0.58	-0.25	0.67	0.75	0.75	0.71	0.74	0.81	0.69	0.93	0.59	0.96	-0.42	0.79	0.91	0.5	-0.2		-0.91	0.95	0.87	-0.48	-0.91	0.89
Cash	0.44	-0.98	-0.64	0.25	-0.74	-0.89	-0.84	-0.73	-0.83	-0.85	-0.74	-0.92	-0.66	-0.96	0.39	-0.81	-0.96	-0.57	0.21	-0.91		-0.95	-0.9	0.45	1.0	-0.64
Non Current Assets Total	-0.6	0.95	0.71	-0.28	0.71	0.9	0.76	0.82	0.86	0.83	0.82	0.94	0.73	1.0	-0.48	0.89	0.98	0.53	-0.31	0.95	-0.95		0.97	-0.55	-0.95	0.73
Non Currrent Assets Other	-0.71	0.91	0.79	-0.31	0.59	0.96	0.64	0.9	0.92	0.76	0.93	0.94	0.81	0.95	-0.64	0.96	0.95	0.65	-0.51	0.87	-0.9	0.97		-0.7	-0.9	0.61
Long Term Debt	0.84	-0.44	-0.68	0.3	0.07	-0.64	-0.03	-0.74	-0.69	-0.3	-0.88	-0.71	-0.7	-0.5	1.0	-0.87	-0.46	-0.89	0.95	-0.48	0.45	-0.55	-0.7		0.45	-0.41
Cash And Short Term Investments	0.44	-0.98	-0.64	0.25	-0.74	-0.89	-0.84	-0.73	-0.83	-0.85	-0.74	-0.92	-0.66	-0.96	0.39	-0.81	-0.96	-0.57	0.21	-0.91	1.0	-0.95	-0.9	0.45		-0.64
Good Will	-0.43	0.6	0.34	-0.19	0.44	0.41	0.52	0.47	0.47	0.6	0.45	0.76	0.35	0.73	-0.36	0.58	0.62	0.39	-0.13	0.89	-0.64	0.73	0.61	-0.41	-0.64

Click cells to compare fundamentals

MDA Account Relationship Matchups

MDA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	251.8M	242.4M	225.9M	318.6M	373.2M	300.2M
Accounts Payable	135.6M	65.7M	71.3M	124.3M	219.1M	134.3M
Other Assets	86.3M	75.8M	125M	158.1M	181.8M	117.9M
Net Receivables	319.1M	230.4M	189.4M	311.6M	399.9M	313.2M
Inventory	1.7M	6.5M	8M	7.5M	9.9M	6.6M
Other Current Assets	100K	12.2M	12.8M	19.8M	24.3M	12.8M
Total Current Assets	400M	327.7M	293.8M	378.2M	456.6M	395.7M
Common Stock	410.1M	480.4M	950.7M	951.6M	956.1M	751.5M
Property Plant Equipment	51.5M	91.3M	124.7M	242.2M	278.5M	292.5M

Pair Trading with MDA

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

Moving against MDA Stock

0.48

KDA

KDA Group Earnings Call This Week

Pair Corr

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

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

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

MDA Total Current Assets vs Current Deferred Revenue Analysis

Total Current Assets vs Current Deferred Revenue

Total Current Assets vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Total Current Assets

Current Deferred Revenue

MDA fundamental ratios Correlations

MDA Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MDA fundamental ratios Accounts

Pair Trading with MDA

Moving against MDA Stock

Other Information on Investing in MDA Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Deferred Long Term Liab	+ 1.0	Other Liab
Non Current Assets Total	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Inventory	+ 0.98	Other Liab

Cash And Short Term Investments	- 0.98	Total Current Liabilities
Cash	- 0.98	Total Current Liabilities
Cash And Short Term Investments	- 0.96	Property Plant And Equipment Net
Cash	- 0.96	Property Plant And Equipment Net
Cash And Short Term Investments	- 0.96	Total Assets
Cash	- 0.96	Total Assets