MRC Net Borrowings vs Other Non Cash Items Analysis
MRC Stock | USD 12.89 0.09 0.70% |
MRC Global financial indicator trend analysis is infinitely more than just investigating MRC Global recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MRC Global is a good investment. Please check the relationship between MRC Global Net Borrowings and its Other Non Cash Items accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.
Net Borrowings vs Other Non Cash Items
Net Borrowings vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MRC Global Net Borrowings account and Other Non Cash Items. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between MRC Global's Net Borrowings and Other Non Cash Items is -0.52. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of MRC Global, assuming nothing else is changed. The correlation between historical values of MRC Global's Net Borrowings and Other Non Cash Items 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 Borrowings of MRC Global are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Borrowings i.e., MRC Global's Net Borrowings and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Other Non Cash Items
Most indicators from MRC Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MRC Global 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 MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.At present, MRC Global's Tax Provision is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | |
Gross Profit | 417M | 610M | 690M | 700.2M |
Total Revenue | 2.7B | 3.4B | 3.4B | 3.0B |
MRC Global fundamental ratios Correlations
Click cells to compare fundamentals
MRC Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MRC Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.3B | 1.8B | 1.7B | 1.9B | 1.9B | 2.0B | |
Other Current Liab | 91M | 57M | 47M | 79M | 68M | 104.9M | |
Total Current Liabilities | 486M | 399M | 436M | 564M | 783M | 607.4M | |
Total Stockholder Equity | 997M | 705M | 678M | 741M | 843M | 1.0B | |
Other Liab | 128M | 111M | 85M | 71M | 81.7M | 88.1M | |
Retained Earnings | (483M) | (781M) | (819M) | (768M) | (678M) | (711.9M) | |
Accounts Payable | 357M | 264M | 321M | 410M | 355M | 414.6M | |
Cash | 48M | 43M | 32M | 119M | 131M | 137.6M | |
Long Term Debt | 547M | 379M | 295M | 337M | 9M | 8.6M | |
Good Will | 486M | 484M | 483M | 264M | 237.6M | 389.8M | |
Other Current Assets | 38M | 26M | 19M | 31M | 34M | 26.5M | |
Total Liab | 1.3B | 1.1B | 993M | 1.2B | 1.0B | 1.2B | |
Intangible Assets | 281M | 229M | 204M | 183M | 163M | 154.9M | |
Property Plant Equipment | 138M | 103M | 282M | 82M | 94.3M | 133.8M | |
Common Stock Shares Outstanding | 83.9M | 82M | 82.5M | 84.9M | 85.5M | 78.8M | |
Short Long Term Debt Total | 752M | 607M | 507M | 558M | 521M | 700.2M | |
Property Plant And Equipment Net | 324M | 303M | 282M | 284M | 283M | 198.4M | |
Net Debt | 720M | 488M | 459M | 526M | 390M | 653.5M | |
Non Current Assets Total | 1.1B | 815M | 772M | 753M | 731M | 938.6M | |
Cash And Short Term Investments | 48M | 43M | 32M | 119M | 131M | 137.6M | |
Net Receivables | 459M | 319M | 379M | 501M | 430M | 463.3M | |
Liabilities And Stockholders Equity | 2.3B | 1.8B | 1.7B | 1.9B | 1.9B | 2.1B | |
Non Current Liabilities Total | 842M | 677M | 557M | 590M | 260M | 247M | |
Other Stockholder Equity | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.2B | |
Property Plant And Equipment Gross | 324M | 303M | 91M | 82M | 462M | 485.1M | |
Total Current Assets | 1.2B | 966M | 899M | 1.1B | 1.2B | 1.1B | |
Short Term Debt | 38M | 78M | 68M | 75M | 360M | 378M | |
Net Tangible Assets | 400M | 399M | (145M) | 923M | 1.1B | 1.1B | |
Retained Earnings Total Equity | (483M) | (781M) | (819M) | (768M) | (691.2M) | (725.8M) | |
Long Term Debt Total | 547M | 379M | 295M | 337M | 303.3M | 554.8M | |
Capital Surpluse | 1.7B | 1.7B | 1.7B | 1.8B | 2.0B | 1.8B | |
Deferred Long Term Liab | 91M | 70M | 53M | 49M | 44.1M | 41.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MRC Global. If investors know MRC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MRC Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.87 | Revenue Per Share 37.771 | Quarterly Revenue Growth (0.10) | Return On Assets 0.0505 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MRC Global's market value can be influenced by many factors that don't directly affect MRC Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.