Medicure Short Term Debt vs Non Current Liabilities Total Analysis

MPH Stock

CAD 0.65 0.10 13.33%

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

Short Term Debt vs Non Current Liabilities Total

Short Term Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Medicure Short Term Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have weak relationship.

The correlation between Medicure's Short Term Debt and Non Current Liabilities Total is 0.39. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Medicure, assuming nothing else is changed. The correlation between historical values of Medicure's Short Term Debt and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Medicure are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Short Term Debt i.e., Medicure's Short Term Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Non Current Liabilities Total

Most indicators from Medicure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Medicure 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 Medicure. 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, Medicure's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 30.2 K in 2025, whereas Enterprise Value Over EBITDA is likely to drop 4.46 in 2025.

	2022	2023	2024	2025 (projected)
Total Revenue	23.1M	21.7M	24.9M	26.2M
Depreciation And Amortization	2.1M	2.2M	2.5M	2.6M

Total Revenue Depreciation And Amortization

Medicure fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Inventory	Other Stockholder Equity	Intangible Assets	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Other Current Liab	Other Liab
Total Assets		0.97	0.72	0.78	0.54	0.16	0.6	0.84	0.4	0.55	0.6	0.9	0.9	0.77	0.37	0.88	0.83	-0.18	0.77	0.39	0.52	0.78	0.71	0.06	0.88	0.82
Total Current Liabilities	0.97		0.63	0.78	0.62	0.09	0.41	0.83	0.19	0.64	0.6	0.96	0.91	0.73	0.39	0.8	0.79	-0.2	0.77	0.5	0.45	0.79	0.7	0.06	0.95	0.82
Total Stockholder Equity	0.72	0.63		0.18	-0.18	0.48	0.75	0.25	0.7	0.69	0.52	0.66	0.34	0.96	0.24	0.78	0.44	-0.19	0.16	0.58	0.89	0.15	0.06	-0.33	0.54	0.21
Property Plant And Equipment Net	0.78	0.78	0.18		0.86	-0.03	0.31	0.99	0.04	0.05	0.3	0.6	0.94	0.22	0.16	0.65	0.89	-0.12	1.0	-0.11	-0.11	0.96	0.92	0.27	0.68	0.96
Net Debt	0.54	0.62	-0.18	0.86		-0.38	-0.13	0.86	-0.31	0.0	0.21	0.5	0.85	-0.05	0.25	0.27	0.59	0.02	0.88	-0.08	-0.29	0.92	0.92	0.48	0.64	0.9
Retained Earnings	0.16	0.09	0.48	-0.03	-0.38		0.42	-0.04	0.3	0.21	-0.43	0.12	-0.1	0.33	-0.71	0.25	0.11	-0.21	-0.06	0.17	0.27	-0.19	-0.09	-0.03	0.05	-0.13
Cash	0.6	0.41	0.75	0.31	-0.13	0.42		0.34	0.91	0.13	0.39	0.29	0.33	0.65	0.12	0.78	0.56	-0.17	0.28	-0.03	0.56	0.26	0.2	-0.18	0.22	0.31
Non Current Assets Total	0.84	0.83	0.25	0.99	0.86	-0.04	0.34		0.1	0.12	0.35	0.67	0.97	0.3	0.23	0.68	0.88	-0.11	0.99	-0.03	-0.01	0.98	0.93	0.28	0.74	0.98
Cash And Short Term Investments	0.4	0.19	0.7	0.04	-0.31	0.3	0.91	0.1		0.04	0.33	0.1	0.1	0.59	0.2	0.58	0.26	-0.1	0.02	-0.06	0.66	0.05	0.0	-0.18	0.03	0.09
Net Receivables	0.55	0.64	0.69	0.05	0.0	0.21	0.13	0.12	0.04		0.5	0.82	0.31	0.82	0.3	0.4	0.17	-0.12	0.04	0.98	0.73	0.09	0.02	-0.19	0.72	0.15
Common Stock Shares Outstanding	0.6	0.6	0.52	0.3	0.21	-0.43	0.39	0.35	0.33	0.5		0.58	0.48	0.63	0.88	0.64	0.49	-0.11	0.29	0.39	0.51	0.37	0.17	-0.37	0.51	0.39
Other Current Assets	0.9	0.96	0.66	0.6	0.5	0.12	0.29	0.67	0.1	0.82	0.58		0.79	0.79	0.37	0.68	0.63	-0.15	0.6	0.71	0.55	0.64	0.57	0.05	0.98	0.68
Total Liab	0.9	0.91	0.34	0.94	0.85	-0.1	0.33	0.97	0.1	0.31	0.48	0.79		0.44	0.34	0.69	0.84	-0.11	0.94	0.16	0.15	0.97	0.92	0.29	0.86	0.98
Total Current Assets	0.77	0.73	0.96	0.22	-0.05	0.33	0.65	0.3	0.59	0.82	0.63	0.79	0.44		0.38	0.74	0.43	-0.18	0.2	0.72	0.91	0.24	0.15	-0.22	0.68	0.31
Common Stock	0.37	0.39	0.24	0.16	0.25	-0.71	0.12	0.23	0.2	0.3	0.88	0.37	0.34	0.38		0.33	0.2	0.07	0.18	0.26	0.37	0.29	0.1	-0.28	0.33	0.28
Accounts Payable	0.88	0.8	0.78	0.65	0.27	0.25	0.78	0.68	0.58	0.4	0.64	0.68	0.69	0.74	0.33		0.86	-0.28	0.63	0.2	0.49	0.58	0.46	-0.24	0.61	0.63
Inventory	0.83	0.79	0.44	0.89	0.59	0.11	0.56	0.88	0.26	0.17	0.49	0.63	0.84	0.43	0.2	0.86		-0.23	0.87	-0.02	0.09	0.8	0.7	-0.02	0.62	0.82
Other Stockholder Equity	-0.18	-0.2	-0.19	-0.12	0.02	-0.21	-0.17	-0.11	-0.1	-0.12	-0.11	-0.15	-0.11	-0.18	0.07	-0.28	-0.23		-0.09	-0.06	-0.09	-0.05	-0.04	-0.03	-0.12	-0.07
Intangible Assets	0.77	0.77	0.16	1.0	0.88	-0.06	0.28	0.99	0.02	0.04	0.29	0.6	0.94	0.2	0.18	0.63	0.87	-0.09		-0.11	-0.12	0.97	0.93	0.29	0.68	0.96
Non Currrent Assets Other	0.39	0.5	0.58	-0.11	-0.08	0.17	-0.03	-0.03	-0.06	0.98	0.39	0.71	0.16	0.72	0.26	0.2	-0.02	-0.06	-0.11		0.69	-0.05	-0.09	-0.16	0.63	0.01
Other Assets	0.52	0.45	0.89	-0.11	-0.29	0.27	0.56	-0.01	0.66	0.73	0.51	0.55	0.15	0.91	0.37	0.49	0.09	-0.09	-0.12	0.69		-0.04	-0.1	-0.22	0.45	0.02
Non Current Liabilities Total	0.78	0.79	0.15	0.96	0.92	-0.19	0.26	0.98	0.05	0.09	0.37	0.64	0.97	0.24	0.29	0.58	0.8	-0.05	0.97	-0.05	-0.04		0.97	0.39	0.74	1.0
Short Long Term Debt Total	0.71	0.7	0.06	0.92	0.92	-0.09	0.2	0.93	0.0	0.02	0.17	0.57	0.92	0.15	0.1	0.46	0.7	-0.04	0.93	-0.09	-0.1	0.97		0.55	0.7	0.97
Short Term Debt	0.06	0.06	-0.33	0.27	0.48	-0.03	-0.18	0.28	-0.18	-0.19	-0.37	0.05	0.29	-0.22	-0.28	-0.24	-0.02	-0.03	0.29	-0.16	-0.22	0.39	0.55		0.2	0.38
Other Current Liab	0.88	0.95	0.54	0.68	0.64	0.05	0.22	0.74	0.03	0.72	0.51	0.98	0.86	0.68	0.33	0.61	0.62	-0.12	0.68	0.63	0.45	0.74	0.7	0.2		0.78
Other Liab	0.82	0.82	0.21	0.96	0.9	-0.13	0.31	0.98	0.09	0.15	0.39	0.68	0.98	0.31	0.28	0.63	0.82	-0.07	0.96	0.01	0.02	1.0	0.97	0.38	0.78

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Medicure Account Relationship Matchups

Medicure fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	34.1M	28.4M	29.9M	28.1M	32.3M	39.2M
Total Current Liabilities	12.3M	8.5M	8.4M	7.9M	9.1M	13.3M
Total Stockholder Equity	19.1M	18.4M	21.0M	19.9M	22.9M	15.4M
Property Plant And Equipment Net	1.6M	1.6M	1.2M	736K	846.4K	888.0K
Net Debt	(1.3M)	(2.5M)	(4.0M)	(5.8M)	(6.7M)	(6.4M)
Retained Earnings	(65.6M)	(66.3M)	(64.9M)	(65.9M)	(59.3M)	(62.2M)
Cash	2.7M	3.7M	4.9M	6.4M	5.7M	6.8M
Non Current Assets Total	18.4M	15.9M	15.1M	12.9M	14.8M	16.1M
Cash And Short Term Investments	2.7M	3.7M	4.9M	6.4M	5.7M	8.7M
Net Receivables	5.3M	4.7M	5.6M	4.8M	5.5M	7.7M
Common Stock Shares Outstanding	15.0M	10.7M	10.3M	10.4M	12.0M	10.8M
Liabilities And Stockholders Equity	34.1M	28.4M	29.9M	28.1M	32.3M	40.7M
Other Current Assets	2.6M	872K	1.1M	1.1M	1.3M	2.0M
Total Liab	14.9M	10.0M	8.9M	8.2M	9.4M	8.9M
Total Current Assets	15.7M	12.6M	14.8M	15.2M	17.5M	23.7M
Common Stock	122.9M	85.4M	80.9M	81.0M	93.2M	98.8M
Accounts Payable	7.0M	6.7M	7.1M	7.2M	8.3M	5.7M
Inventory	5.1M	3.3M	3.2M	2.9M	3.3M	2.4M
Other Stockholder Equity	10.3M	10.4M	10.5M	10.7M	9.7M	9.2M
Intangible Assets	13.6M	11.2M	10.6M	8.9M	10.3M	10.5M
Non Currrent Assets Other	156K	57K	63K	75K	67.5K	64.1K
Other Assets	12.2M	39K	156K	57K	65.6K	62.3K
Accumulated Other Comprehensive Income	(6.5M)	(6.6M)	(5.5M)	(6.0M)	(5.4M)	(5.1M)
Non Current Liabilities Total	2.6M	1.5M	503K	229K	206.1K	195.8K
Short Long Term Debt Total	1.4M	1.2M	849K	544K	489.6K	465.1K
Short Term Debt	367K	380K	346K	315K	283.5K	269.3K
Other Current Liab	2.3M	716K	179K	382K	343.8K	326.6K
Other Liab	3.2M	2.8M	1.5M	696K	626.4K	595.1K
Net Tangible Assets	81.9M	17.3M	2.6M	4.2M	4.9M	7.8M
Property Plant Equipment	316K	1.3M	1.6M	1.6M	1.9M	1.9M
Current Deferred Revenue	2.7M	748K	737K	16K	18.4K	17.5K
Capital Lease Obligations	1.4M	1.2M	849K	544K	625.6K	853.2K
Non Current Liabilities Other	3.2M	1.2M	386K	105K	94.5K	89.8K
Net Invested Capital	19.1M	18.4M	21.0M	19.9M	17.9M	30.8M
Net Working Capital	3.4M	4.0M	6.5M	7.3M	6.5M	6.2M

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