Mega Historical Balance Sheet
MGA Stock | CAD 0.35 0.01 2.78% |
Trend analysis of Mega Uranium balance sheet accounts such as Total Stockholder Equity of 108.3 M provides information on Mega Uranium's total assets, liabilities, and equity, which is the actual value of Mega Uranium to its prevalent stockholders. By breaking down trends over time using Mega Uranium 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.
Financial Statement Analysis is much more than just reviewing and examining Mega Uranium 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 Mega Uranium is a good buy for the upcoming year.
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About Mega Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Mega Uranium at a specified time, usually calculated after every quarter, six months, or one year. Mega Uranium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mega Uranium 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 Mega currently owns. An asset can also be divided into two categories, current and non-current.
Mega Uranium Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Mega Uranium 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 Mega Uranium 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 Mega Uranium balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mega Uranium 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.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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.Most accounts from Mega Uranium's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mega Uranium 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 Mega Uranium. 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, Mega Uranium's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 16th of December 2024, Long Term Investments is likely to grow to about 191 M, while Total Assets are likely to drop about 120.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 115.4M | 174.2M | 200.3M | 108.3M | Total Current Liabilities | 2.5M | 10.1M | 11.6M | 12.2M |
Mega Uranium balance sheet Correlations
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Mega Uranium Account Relationship Matchups
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Mega Uranium balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 52.6M | 138.0M | 117.9M | 184.9M | 212.6M | 120.2M | |
Other Current Liab | 843K | 991K | 1.2M | 1.3M | 1.5M | 925.4K | |
Total Current Liabilities | 969K | 1.1M | 2.5M | 10.1M | 11.6M | 12.2M | |
Total Stockholder Equity | 51.5M | 136.8M | 115.4M | 174.2M | 200.3M | 108.3M | |
Property Plant And Equipment Net | 225K | 130K | 120K | 472K | 424.8K | 403.6K | |
Net Debt | (410K) | (1.2M) | 692K | 8.7M | 10.0M | 10.5M | |
Retained Earnings | (323.3M) | (302.2M) | (310.6M) | (306.2M) | (275.6M) | (261.8M) | |
Accounts Payable | 45K | 59K | 80K | 116K | 104.4K | 99.2K | |
Cash | 610K | 1.3M | 510K | 347K | 312.3K | 296.7K | |
Non Current Assets Total | 47.0M | 118.2M | 98.6M | 158.9M | 182.8M | 102.1M | |
Cash And Short Term Investments | 5.3M | 19.5M | 18.6M | 25.6M | 29.5M | 16.9M | |
Net Receivables | 210K | 254K | 692K | 305K | 274.5K | 372.1K | |
Common Stock Shares Outstanding | 328.6M | 353.7M | 355.0M | 367.6M | 422.7M | 443.9M | |
Short Term Investments | 4.7M | 18.2M | 18.1M | 25.3M | 29.1M | 30.5M | |
Liabilities And Stockholders Equity | 52.6M | 138.0M | 117.9M | 184.9M | 212.6M | 120.2M | |
Other Stockholder Equity | 66.8M | 67.3M | 66.8M | 67.2M | 1.2K | 1.1K | |
Total Liab | 1.1M | 1.2M | 2.5M | 10.7M | 9.6M | 8.6M | |
Property Plant And Equipment Gross | 225K | 130K | 120K | 472K | 424.8K | 403.6K | |
Total Current Assets | 5.6M | 19.8M | 19.3M | 25.9M | 29.8M | 18.1M | |
Short Term Debt | 81K | 56K | 1.2M | 8.7M | 7.8M | 8.1M | |
Accumulated Other Comprehensive Income | 30.7M | 92.4M | 76.2M | 196.7M | 226.2M | 237.6M | |
Other Current Assets | 42K | 53K | 11K | 5K | 4.5K | 4.3K | |
Non Currrent Assets Other | 334K | 321K | 311K | 305K | 274.5K | 260.8K | |
Non Current Liabilities Total | 119K | 63K | 1.3M | 598K | 538.2K | 511.3K | |
Common Stock | 277.2M | 280.1M | 282.6M | 283.6M | 326.2M | 278.1M | |
Net Tangible Assets | 44.2M | 51.5M | 136.8M | 115.4M | 132.8M | 77.7M | |
Long Term Investments | 46.4M | 117.8M | 98.1M | 158.1M | 181.9M | 191.0M | |
Property Plant Equipment | 50K | 225K | 130K | 120K | 108K | 102.6K | |
Net Invested Capital | 51.5M | 136.8M | 116.6M | 182.8M | 210.2M | 220.7M | |
Net Working Capital | 4.6M | 18.7M | 16.9M | 15.9M | 18.2M | 10.2M | |
Capital Stock | 277.2M | 280.1M | 282.6M | 283.6M | 326.2M | 307.0M |
Pair Trading with Mega Uranium
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 Mega Uranium 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 Mega Uranium will appreciate offsetting losses from the drop in the long position's value.Moving together with Mega Stock
Moving against Mega Stock
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0.52 | SLF-PC | Sun Life Financial | PairCorr |
0.5 | SLF-PD | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Mega Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Uranium 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 Mega Uranium - 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 Mega Uranium to buy it.
The correlation of Mega Uranium 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 Mega Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Uranium 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 Mega Uranium 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.Other Information on Investing in Mega Stock
Balance Sheet is a snapshot of the financial position of Mega Uranium at a specified time, usually calculated after every quarter, six months, or one year. Mega Uranium Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mega Uranium 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 Mega currently owns. An asset can also be divided into two categories, current and non-current.