MNG Net Debt vs Short Term Investments Analysis

MNG Stock

212.80 0.80 0.37%

MG Plc financial indicator trend analysis is infinitely more than just investigating MG Plc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MG Plc is a good investment. Please check the relationship between MG Plc Net Debt and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MG Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MG Plc Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between MG Plc's Net Debt and Short Term Investments is 0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of MG Plc, assuming nothing else is changed. The correlation between historical values of MG Plc's Net Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of MG Plc are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., MG Plc's Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of MG Plc balance sheet. It contains any investments MG Plc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that MG Plc can easily liquidate in the marketplace.

Most indicators from MG Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MG Plc 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 MG Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The current year's Tax Provision is expected to grow to about 669.2 M. The current year's Discontinued Operations is expected to grow to about 70 M

	2022	2024	2025 (projected)
Interest Expense	298M	420.9M	244.6M
Depreciation And Amortization	176M	202.4M	136.7M

Interest Expense Depreciation And Amortization

MG Plc fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments
Total Assets		-0.1	-0.48	-0.32	0.51	-0.28	0.54	-0.18	-0.31	0.02	0.78	0.05	-0.14	0.35	-0.09	0.78	0.42	-0.69	-0.06	0.7	-0.18	-0.18	-0.1	0.05	1.0	0.95
Short Long Term Debt Total	-0.1		0.74	0.94	-0.83	0.8	-0.83	0.98	0.96	-0.21	0.39	0.74	0.9	-0.14	1.0	0.39	-0.81	0.71	-0.9	-0.53	0.95	0.96	0.69	-0.94	-0.01	-0.31
Other Current Liab	-0.48	0.74		0.76	-0.72	0.66	-0.83	0.77	0.8	-0.45	0.0	0.65	0.57	-0.31	0.74	0.0	-0.9	0.81	-0.66	-0.82	0.65	0.67	0.48	-0.67	-0.42	-0.59
Total Current Liabilities	-0.32	0.94	0.76		-0.96	0.72	-0.92	0.93	0.93	-0.06	0.2	0.6	0.93	-0.33	0.94	0.2	-0.89	0.8	-0.83	-0.55	0.91	0.97	0.54	-0.82	-0.23	-0.49
Total Stockholder Equity	0.51	-0.83	-0.72	-0.96		-0.66	0.96	-0.83	-0.89	-0.08	0.02	-0.46	-0.87	0.41	-0.83	0.02	0.89	-0.85	0.74	0.61	-0.85	-0.9	-0.46	0.72	0.43	0.65
Other Liab	-0.28	0.8	0.66	0.72	-0.66		-0.75	0.72	0.78	-0.31	0.21	0.87	0.66	-0.31	0.8	0.21	-0.67	0.73	-0.79	-0.77	0.7	0.75	0.47	-0.71	-0.22	-0.36
Net Tangible Assets	0.54	-0.83	-0.83	-0.92	0.96	-0.75		-0.82	-0.9	0.05	0.02	-0.59	-0.79	0.47	-0.83	0.02	0.94	-0.87	0.79	0.78	-0.8	-0.86	-0.44	0.73	0.47	0.65
Property Plant And Equipment Net	-0.18	0.98	0.77	0.93	-0.83	0.72	-0.82		0.96	-0.2	0.3	0.64	0.89	-0.07	0.98	0.3	-0.81	0.74	-0.82	-0.52	0.97	0.94	0.75	-0.93	-0.09	-0.41
Net Debt	-0.31	0.96	0.8	0.93	-0.89	0.78	-0.9	0.96		-0.18	0.15	0.63	0.9	-0.12	0.96	0.15	-0.85	0.79	-0.83	-0.65	0.96	0.93	0.75	-0.94	-0.23	-0.52
Accounts Payable	0.02	-0.21	-0.45	-0.06	-0.08	-0.31	0.05	-0.2	-0.18		-0.14	-0.48	-0.01	-0.07	-0.21	-0.14	0.11	-0.14	0.12	0.31	-0.04	-0.1	-0.22	0.23	0.03	0.03
Cash	0.78	0.39	0.0	0.2	0.02	0.21	0.02	0.3	0.15	-0.14		0.54	0.33	-0.11	0.4	1.0	-0.13	-0.27	-0.56	0.27	0.22	0.34	0.0	-0.29	0.82	0.71
Non Current Assets Total	0.05	0.74	0.65	0.6	-0.46	0.87	-0.59	0.64	0.63	-0.48	0.54		0.52	-0.38	0.75	0.54	-0.64	0.51	-0.84	-0.6	0.52	0.65	0.27	-0.61	0.1	0.0
Non Currrent Assets Other	-0.14	0.9	0.57	0.93	-0.87	0.66	-0.79	0.89	0.9	-0.01	0.33	0.52		-0.22	0.9	0.33	-0.75	0.58	-0.81	-0.37	0.92	0.97	0.57	-0.83	-0.06	-0.34
Other Assets	0.35	-0.14	-0.31	-0.33	0.41	-0.31	0.47	-0.07	-0.12	-0.07	-0.11	-0.38	-0.22		-0.15	-0.11	0.52	-0.28	0.38	0.39	0.02	-0.28	0.56	-0.15	0.32	0.17
Long Term Debt	-0.09	1.0	0.74	0.94	-0.83	0.8	-0.83	0.98	0.96	-0.21	0.4	0.75	0.9	-0.15		0.4	-0.82	0.71	-0.91	-0.53	0.95	0.96	0.68	-0.94	-0.01	-0.3
Cash And Short Term Investments	0.78	0.39	0.0	0.2	0.02	0.21	0.02	0.3	0.15	-0.14	1.0	0.54	0.33	-0.11	0.4		-0.13	-0.27	-0.56	0.27	0.22	0.34	0.0	-0.29	0.82	0.71
Net Receivables	0.42	-0.81	-0.9	-0.89	0.89	-0.67	0.94	-0.81	-0.85	0.11	-0.13	-0.64	-0.75	0.52	-0.82	-0.13		-0.8	0.81	0.73	-0.73	-0.82	-0.35	0.67	0.35	0.52
Good Will	-0.69	0.71	0.81	0.8	-0.85	0.73	-0.87	0.74	0.79	-0.14	-0.27	0.51	0.58	-0.28	0.71	-0.27	-0.8		-0.55	-0.82	0.71	0.69	0.51	-0.63	-0.64	-0.8
Common Stock Total Equity	-0.06	-0.9	-0.66	-0.83	0.74	-0.79	0.79	-0.82	-0.83	0.12	-0.56	-0.84	-0.81	0.38	-0.91	-0.56	0.81	-0.55		0.51	-0.78	-0.87	-0.4	0.8	-0.14	0.08
Common Stock Shares Outstanding	0.7	-0.53	-0.82	-0.55	0.61	-0.77	0.78	-0.52	-0.65	0.31	0.27	-0.6	-0.37	0.39	-0.53	0.27	0.73	-0.82	0.51		-0.47	-0.47	-0.34	0.48	0.66	0.7
Short Term Investments	-0.18	0.95	0.65	0.91	-0.85	0.7	-0.8	0.97	0.96	-0.04	0.22	0.52	0.92	0.02	0.95	0.22	-0.73	0.71	-0.78	-0.47		0.93	0.8	-0.95	-0.1	-0.43
Non Current Liabilities Total	-0.18	0.96	0.67	0.97	-0.9	0.75	-0.86	0.94	0.93	-0.1	0.34	0.65	0.97	-0.28	0.96	0.34	-0.82	0.69	-0.87	-0.47	0.93		0.56	-0.85	-0.09	-0.37
Other Current Assets	-0.1	0.69	0.48	0.54	-0.46	0.47	-0.44	0.75	0.75	-0.22	0.0	0.27	0.57	0.56	0.68	0.0	-0.35	0.51	-0.4	-0.34	0.8	0.56		-0.87	-0.05	-0.38
Other Stockholder Equity	0.05	-0.94	-0.67	-0.82	0.72	-0.71	0.73	-0.93	-0.94	0.23	-0.29	-0.61	-0.83	-0.15	-0.94	-0.29	0.67	-0.63	0.8	0.48	-0.95	-0.85	-0.87		-0.03	0.3
Total Liab	1.0	-0.01	-0.42	-0.23	0.43	-0.22	0.47	-0.09	-0.23	0.03	0.82	0.1	-0.06	0.32	-0.01	0.82	0.35	-0.64	-0.14	0.66	-0.1	-0.09	-0.05	-0.03		0.93
Long Term Investments	0.95	-0.31	-0.59	-0.49	0.65	-0.36	0.65	-0.41	-0.52	0.03	0.71	0.0	-0.34	0.17	-0.3	0.71	0.52	-0.8	0.08	0.7	-0.43	-0.37	-0.38	0.3	0.93

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MG Plc Account Relationship Matchups

MG Plc fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	217.0B	217.5B	190.4B	189.6B	170.7B	168.9B
Short Long Term Debt Total	8.6B	9.3B	8.0B	8.5B	9.7B	7.2B
Other Current Liab	(2.7B)	6.9B	2.3B	6.9B	7.9B	8.3B
Total Current Liabilities	5.7B	7.3B	7.7B	7.0B	8.1B	5.2B
Total Stockholder Equity	5.6B	5.3B	2.8B	4.0B	3.6B	4.9B
Other Liab	184.3B	202.6B	203.4B	191.6B	220.3B	212.2B
Net Tangible Assets	3.7B	4.1B	3.7B	905M	814.5M	773.8M
Property Plant And Equipment Net	2.1B	2.5B	2.0B	2.1B	2.4B	1.7B
Net Debt	1.8B	2.4B	3.1B	2.9B	3.3B	3.5B
Accounts Payable	2.4B	52M	4.7B	40M	46M	43.7M
Cash	6.8B	6.9B	4.9B	5.6B	5.0B	4.7B
Non Current Assets Total	183.3B	185.5B	157.9B	184.0B	211.6B	193.6B
Non Currrent Assets Other	160.2B	161.7B	130.1B	40.8B	46.9B	49.3B
Other Assets	57.8B	48.6B	45.7B	(27.6B)	(24.8B)	(23.6B)
Long Term Debt	8.3B	8.9B	7.5B	8.1B	9.3B	6.9B
Cash And Short Term Investments	6.8B	6.9B	4.9B	5.6B	5.0B	4.7B
Net Receivables	3.2B	1.8B	2.0B	375M	337.5M	320.6M
Common Stock Shares Outstanding	2.6B	2.6B	2.5B	2.4B	2.2B	2.0B
Short Term Investments	23.3B	21.0B	24.3B	18.0B	20.7B	17.2B
Liabilities And Stockholders Equity	217.0B	217.5B	190.4B	189.6B	170.7B	168.9B
Non Current Liabilities Total	205.7B	204.8B	179.8B	177.4B	204.0B	135.6B
Other Current Assets	33.7B	32.0B	32.5B	27.6B	31.8B	32.0B
Other Stockholder Equity	(11.4B)	(11.5B)	(11.4B)	(11.3B)	(10.2B)	(10.7B)
Total Liab	211.4B	212.1B	187.5B	185.5B	167.0B	164.0B
Long Term Investments	160.0B	159.0B	136.2B	138.9B	125.0B	126.0B
Property Plant And Equipment Gross	2.1B	3.1B	2.6B	2.9B	3.3B	1.9B
Total Current Assets	33.7B	32.0B	32.4B	33.2B	38.2B	31.6B
Accumulated Other Comprehensive Income	74M	72M	119M	99M	113.9M	119.5M
Short Term Debt	22M	25M	35M	29M	26.1M	24.8M
Intangible Assets	1.5B	1.6B	1.9B	296M	340.4M	323.4M
Property Plant Equipment	1.5B	2.1B	2.5B	2.0B	2.2B	1.6B
Retained Earnings	5.1B	4.8B	2.3B	15.2B	17.5B	18.4B
Capital Lease Obligations	354M	413M	420M	387M	445.1M	359.7M
Net Invested Capital	13.8B	14.2B	10.3B	12.1B	13.9B	12.7B
Current Deferred Revenue	276M	323M	113M	97M	87.3M	82.9M

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

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MNG Net Debt vs Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

MG Plc fundamental ratios Correlations

MG Plc Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MG Plc fundamental ratios Accounts

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Other Information on Investing in MNG Stock

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Total Liab	+ 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	+ 0.98	Short Long Term Debt Total
Long Term Debt	+ 0.98	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.97	Total Current Liabilities

Total Stockholder Equity	- 0.96	Total Current Liabilities
Other Stockholder Equity	- 0.95	Short Term Investments
Other Stockholder Equity	- 0.94	Long Term Debt
Other Stockholder Equity	- 0.94	Net Debt
Other Stockholder Equity	- 0.94	Short Long Term Debt Total
Other Stockholder Equity	- 0.93	Property Plant And Equipment Net