Mega Cash And Short Term Investments vs Net Debt Analysis

MGA Stock

CAD 0.35 0.01 2.78%

Mega Uranium financial indicator trend analysis is infinitely more than just investigating Mega Uranium recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mega Uranium is a good investment. Please check the relationship between Mega Uranium Cash And Short Term Investments and its Net Debt accounts. 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.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mega Uranium Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mega Uranium's Cash And Short Term Investments and Net Debt is 0.73. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Mega Uranium, assuming nothing else is changed. The correlation between historical values of Mega Uranium's Cash And Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Mega Uranium are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Mega Uranium's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Mega Uranium balance sheet. This account contains Mega Uranium investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mega Uranium fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Mega Uranium's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Selling General Administrative is very stable compared to the past year. As of the 15th of December 2024, Sales General And Administrative To Revenue is likely to grow to 271.15, though Tax Provision is likely to grow to (6.7 M).

	2023	2024 (projected)
Reconciled Depreciation	109.3K	68.4K
Research Development	54.9K	48.8K

Reconciled Depreciation Research Development

Mega Uranium fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Other Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Other Assets	Intangible Assets	Common Stock
Total Assets		0.55	0.72	1.0	0.23	0.65	-0.23	-0.15	0.14	1.0	0.93	-0.1	0.68	0.85	0.07	0.76	0.23	0.94	0.71	0.43	-0.08	-0.26	-0.43	0.42	-0.13	0.21
Other Current Liab	0.55		0.53	0.54	0.01	0.41	-0.46	0.25	-0.16	0.54	0.55	0.58	0.56	0.51	-0.01	0.58	0.01	0.59	0.31	0.49	0.37	-0.07	-0.48	0.66	-0.38	0.44
Total Current Liabilities	0.72	0.53		0.68	-0.11	0.98	-0.06	-0.09	-0.39	0.7	0.76	-0.08	0.61	0.87	-0.27	0.98	-0.11	0.77	0.74	0.2	-0.19	-0.07	-0.19	0.39	-0.22	0.3
Total Stockholder Equity	1.0	0.54	0.68		0.25	0.61	-0.24	-0.15	0.18	1.0	0.92	-0.09	0.67	0.83	0.09	0.73	0.25	0.93	0.69	0.44	-0.07	-0.27	-0.44	0.42	-0.12	0.2
Property Plant And Equipment Net	0.23	0.01	-0.11	0.25		-0.25	0.17	0.37	0.6	0.27	0.0	0.31	-0.14	-0.06	0.94	-0.09	1.0	0.04	0.48	0.09	0.66	0.05	-0.09	-0.24	0.66	-0.66
Net Debt	0.65	0.41	0.98	0.61	-0.25		0.01	-0.22	-0.48	0.62	0.73	-0.21	0.55	0.85	-0.41	0.95	-0.25	0.73	0.66	0.09	-0.34	-0.12	-0.08	0.32	-0.24	0.31
Retained Earnings	-0.23	-0.46	-0.06	-0.24	0.17	0.01		-0.06	-0.22	-0.25	-0.13	-0.23	-0.74	-0.08	0.04	-0.09	0.17	-0.14	0.02	-0.94	-0.06	0.27	0.94	-0.34	0.83	-0.81
Accounts Payable	-0.15	0.25	-0.09	-0.15	0.37	-0.22	-0.06		-0.16	-0.12	-0.31	0.63	-0.21	-0.3	0.34	-0.06	0.37	-0.27	0.03	0.09	0.67	0.68	-0.1	0.28	0.12	-0.13
Cash	0.14	-0.16	-0.39	0.18	0.6	-0.48	-0.22	-0.16		0.18	-0.07	0.02	0.09	-0.18	0.63	-0.39	0.6	-0.06	0.07	0.35	0.3	-0.43	-0.36	-0.3	0.21	-0.24
Non Current Assets Total	1.0	0.54	0.7	1.0	0.27	0.62	-0.25	-0.12	0.18		0.9	-0.08	0.67	0.82	0.1	0.74	0.26	0.92	0.71	0.45	-0.05	-0.26	-0.45	0.42	-0.12	0.2
Cash And Short Term Investments	0.93	0.55	0.76	0.92	0.0	0.73	-0.13	-0.31	-0.07	0.9		-0.23	0.66	0.95	-0.15	0.79	-0.01	1.0	0.63	0.27	-0.3	-0.26	-0.26	0.39	-0.17	0.25
Net Receivables	-0.1	0.58	-0.08	-0.09	0.31	-0.21	-0.23	0.63	0.02	-0.08	-0.23		-0.06	-0.24	0.34	-0.06	0.31	-0.18	-0.07	0.24	0.89	0.09	-0.24	0.43	0.0	0.0
Common Stock Shares Outstanding	0.68	0.56	0.61	0.67	-0.14	0.55	-0.74	-0.21	0.09	0.67	0.66	-0.06		0.7	-0.15	0.58	-0.14	0.66	0.44	0.83	-0.21	-0.39	-0.82	0.36	-0.69	0.72
Short Term Investments	0.85	0.51	0.87	0.83	-0.06	0.85	-0.08	-0.3	-0.18	0.82	0.95	-0.24	0.7		-0.22	0.85	-0.06	0.95	0.67	0.24	-0.33	-0.24	-0.23	0.35	-0.2	0.26
Other Stockholder Equity	0.07	-0.01	-0.27	0.09	0.94	-0.41	0.04	0.34	0.63	0.1	-0.15	0.34	-0.15	-0.22		-0.26	0.94	-0.11	0.33	0.16	0.66	0.05	-0.16	-0.37	0.56	-0.57
Total Liab	0.76	0.58	0.98	0.73	-0.09	0.95	-0.09	-0.06	-0.39	0.74	0.79	-0.06	0.58	0.85	-0.26		-0.09	0.8	0.75	0.21	-0.17	-0.04	-0.21	0.43	-0.22	0.3
Property Plant And Equipment Gross	0.23	0.01	-0.11	0.25	1.0	-0.25	0.17	0.37	0.6	0.26	-0.01	0.31	-0.14	-0.06	0.94	-0.09		0.04	0.48	0.09	0.66	0.05	-0.09	-0.24	0.66	-0.66
Total Current Assets	0.94	0.59	0.77	0.93	0.04	0.73	-0.14	-0.27	-0.06	0.92	1.0	-0.18	0.66	0.95	-0.11	0.8	0.04		0.65	0.29	-0.24	-0.26	-0.28	0.41	-0.16	0.24
Short Term Debt	0.71	0.31	0.74	0.69	0.48	0.66	0.02	0.03	0.07	0.71	0.63	-0.07	0.44	0.67	0.33	0.75	0.48	0.65		0.24	0.1	-0.07	-0.24	0.02	0.18	-0.13
Current Deferred Revenue	0.43	0.49	0.2	0.44	0.09	0.09	-0.94	0.09	0.35	0.45	0.27	0.24	0.83	0.24	0.16	0.21	0.09	0.29	0.24		0.16	-0.29	-1.0	0.32	-0.68	0.68
Other Current Assets	-0.08	0.37	-0.19	-0.07	0.66	-0.34	-0.06	0.67	0.3	-0.05	-0.3	0.89	-0.21	-0.33	0.66	-0.17	0.66	-0.24	0.1	0.16		0.11	-0.16	0.16	0.32	-0.33
Non Currrent Assets Other	-0.26	-0.07	-0.07	-0.27	0.05	-0.12	0.27	0.68	-0.43	-0.26	-0.26	0.09	-0.39	-0.24	0.05	-0.04	0.05	-0.26	-0.07	-0.29	0.11		0.29	0.13	0.18	-0.17
Non Current Liabilities Total	-0.43	-0.48	-0.19	-0.44	-0.09	-0.08	0.94	-0.1	-0.36	-0.45	-0.26	-0.24	-0.82	-0.23	-0.16	-0.21	-0.09	-0.28	-0.24	-1.0	-0.16	0.29		-0.31	0.68	-0.67
Other Assets	0.42	0.66	0.39	0.42	-0.24	0.32	-0.34	0.28	-0.3	0.42	0.39	0.43	0.36	0.35	-0.37	0.43	-0.24	0.41	0.02	0.32	0.16	0.13	-0.31		-0.45	0.49
Intangible Assets	-0.13	-0.38	-0.22	-0.12	0.66	-0.24	0.83	0.12	0.21	-0.12	-0.17	0.0	-0.69	-0.2	0.56	-0.22	0.66	-0.16	0.18	-0.68	0.32	0.18	0.68	-0.45		-0.99
Common Stock	0.21	0.44	0.3	0.2	-0.66	0.31	-0.81	-0.13	-0.24	0.2	0.25	0.0	0.72	0.26	-0.57	0.3	-0.66	0.24	-0.13	0.68	-0.33	-0.17	-0.67	0.49	-0.99

Click cells to compare fundamentals

Mega Uranium Account Relationship Matchups

Mega Uranium fundamental ratios 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

0.74	ENB-PFV	Enbridge Pref 5	Pair Corr
0.7	ENS	E Split Corp	Pair Corr
0.75	ENS-PA	E Split Corp	Pair Corr

Moving against Mega Stock

0.68	MFC-PC	Manulife Finl Srs	Pair Corr
0.61	SAGE	Sage Potash Corp	Pair Corr
0.5	SLF-PC	Sun Life Financial	Pair Corr
0.5	SLF-PD	Sun Life Financial	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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Mega Cash And Short Term Investments vs Net Debt Analysis

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Debt

Mega Uranium fundamental ratios Correlations

Mega Uranium Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mega Uranium fundamental ratios Accounts

Pair Trading with Mega Uranium

Moving together with Mega Stock

Moving against Mega Stock

Other Information on Investing in Mega Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Debt	+ 0.98	Total Current Liabilities

Non Current Liabilities Total	- 1.0	Current Deferred Revenue
Common Stock	- 0.99	Intangible Assets
Current Deferred Revenue	- 0.94	Retained Earnings
Non Current Liabilities Total	- 0.82	Common Stock Shares Outstanding
Common Stock	- 0.81	Retained Earnings
Common Stock Shares Outstanding	- 0.74	Retained Earnings