Morguard Net Debt vs Common Stock Analysis

MRG-UN Stock

CAD 18.56 0.21 1.14%

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

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morguard North American Net Debt account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Morguard North's Net Debt and Common Stock is 0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Morguard North American, assuming nothing else is changed. The correlation between historical values of Morguard North's Net Debt and Common Stock 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 Morguard North American are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Morguard North's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Common Stock

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

At present, Morguard North's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 11.60, whereas Selling General Administrative is forecasted to decline to about 12.9 M.

	2021	2022	2023	2024 (projected)
Total Revenue	245.6M	278.5M	331.6M	228.7M
Interest Expense	46.4M	49.9M	60.7M	46.6M

Total Revenue Interest Expense

Morguard North fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Inventory	Common Stock	Other Liab	Net Tangible Assets
Total Assets		0.95	0.06	0.66	0.97	0.95	0.61	1.0	-0.67	0.61	0.62	0.95	0.97	0.39	-0.4	0.97	0.54	0.6	1.0	-0.55	0.82	0.94	0.35	0.94	0.69	0.87
Short Long Term Debt Total	0.95		0.28	0.66	0.84	1.0	0.65	0.95	-0.57	0.65	0.58	0.87	0.99	0.24	-0.46	0.99	0.41	0.66	0.94	-0.4	0.68	0.91	0.2	0.88	0.54	0.67
Other Current Liab	0.06	0.28		0.15	-0.12	0.27	0.25	0.07	0.34	0.25	0.15	-0.09	0.21	-0.27	0.03	0.21	-0.24	0.29	0.08	0.25	-0.2	-0.01	-0.27	-0.09	-0.23	-0.26
Total Current Liabilities	0.66	0.66	0.15		0.61	0.67	0.25	0.65	-0.42	0.25	0.4	0.75	0.58	0.41	-0.13	0.66	0.46	0.93	0.64	-0.55	0.53	0.58	0.36	0.52	0.52	0.53
Total Stockholder Equity	0.97	0.84	-0.12	0.61		0.84	0.54	0.96	-0.7	0.54	0.58	0.94	0.88	0.46	-0.31	0.88	0.59	0.54	0.97	-0.64	0.88	0.9	0.44	0.92	0.76	0.96
Net Debt	0.95	1.0	0.27	0.67	0.84		0.64	0.95	-0.57	0.64	0.58	0.87	0.99	0.24	-0.46	0.99	0.41	0.66	0.94	-0.4	0.68	0.91	0.2	0.88	0.54	0.67
Cash	0.61	0.65	0.25	0.25	0.54	0.64		0.61	-0.42	1.0	0.55	0.53	0.66	0.01	-0.5	0.64	0.24	0.24	0.59	-0.06	0.43	0.56	-0.14	0.67	0.22	0.41
Non Current Assets Total	1.0	0.95	0.07	0.65	0.96	0.95	0.61		-0.66	0.61	0.62	0.94	0.97	0.35	-0.41	0.97	0.51	0.61	1.0	-0.54	0.82	0.95	0.32	0.94	0.68	0.86
Non Currrent Assets Other	-0.67	-0.57	0.34	-0.42	-0.7	-0.57	-0.42	-0.66		-0.42	-0.43	-0.69	-0.6	-0.35	0.45	-0.61	-0.5	-0.35	-0.67	0.57	-0.73	-0.64	-0.36	-0.73	-0.67	-0.68
Cash And Short Term Investments	0.61	0.65	0.25	0.25	0.54	0.64	1.0	0.61	-0.42		0.55	0.53	0.66	0.01	-0.5	0.64	0.24	0.24	0.59	-0.06	0.43	0.56	-0.14	0.67	0.22	0.41
Net Receivables	0.62	0.58	0.15	0.4	0.58	0.58	0.55	0.62	-0.43	0.55		0.53	0.6	0.13	-0.74	0.61	0.29	0.3	0.61	-0.17	0.48	0.61	0.07	0.68	0.25	0.49
Common Stock Shares Outstanding	0.95	0.87	-0.09	0.75	0.94	0.87	0.53	0.94	-0.69	0.53	0.53		0.88	0.49	-0.33	0.9	0.62	0.65	0.93	-0.68	0.81	0.9	0.48	0.87	0.73	0.86
Non Current Liabilities Total	0.97	0.99	0.21	0.58	0.88	0.99	0.66	0.97	-0.6	0.66	0.6	0.88		0.28	-0.48	0.99	0.45	0.56	0.96	-0.4	0.72	0.93	0.23	0.91	0.57	0.72
Other Current Assets	0.39	0.24	-0.27	0.41	0.46	0.24	0.01	0.35	-0.35	0.01	0.13	0.49	0.28		0.11	0.31	0.96	0.24	0.33	-0.43	0.35	0.27	0.85	0.3	0.36	0.43
Other Stockholder Equity	-0.4	-0.46	0.03	-0.13	-0.31	-0.46	-0.5	-0.41	0.45	-0.5	-0.74	-0.33	-0.48	0.11		-0.46	-0.04	-0.09	-0.38	-0.2	-0.12	-0.45	0.22	-0.56	0.1	-0.16
Total Liab	0.97	0.99	0.21	0.66	0.88	0.99	0.64	0.97	-0.61	0.64	0.61	0.9	0.99	0.31	-0.46		0.48	0.63	0.97	-0.44	0.73	0.93	0.26	0.91	0.59	0.73
Total Current Assets	0.54	0.41	-0.24	0.46	0.59	0.41	0.24	0.51	-0.5	0.24	0.29	0.62	0.45	0.96	-0.04	0.48		0.27	0.49	-0.49	0.51	0.44	0.81	0.5	0.49	0.53
Short Term Debt	0.6	0.66	0.29	0.93	0.54	0.66	0.24	0.61	-0.35	0.24	0.3	0.65	0.56	0.24	-0.09	0.63	0.27		0.61	-0.48	0.46	0.55	0.31	0.5	0.45	0.46
Property Plant And Equipment Net	1.0	0.94	0.08	0.64	0.97	0.94	0.59	1.0	-0.67	0.59	0.61	0.93	0.96	0.33	-0.38	0.97	0.49	0.61		-0.57	0.85	0.94	0.33	0.93	0.72	0.88
Current Deferred Revenue	-0.55	-0.4	0.25	-0.55	-0.64	-0.4	-0.06	-0.54	0.57	-0.06	-0.17	-0.68	-0.4	-0.43	-0.2	-0.44	-0.49	-0.48	-0.57		-0.82	-0.51	-0.65	-0.45	-0.93	-0.73
Retained Earnings	0.82	0.68	-0.2	0.53	0.88	0.68	0.43	0.82	-0.73	0.43	0.48	0.81	0.72	0.35	-0.12	0.73	0.51	0.46	0.85	-0.82		0.77	0.43	0.81	0.95	0.91
Accounts Payable	0.94	0.91	-0.01	0.58	0.9	0.91	0.56	0.95	-0.64	0.56	0.61	0.9	0.93	0.27	-0.45	0.93	0.44	0.55	0.94	-0.51	0.77		0.32	0.93	0.63	0.8
Inventory	0.35	0.2	-0.27	0.36	0.44	0.2	-0.14	0.32	-0.36	-0.14	0.07	0.48	0.23	0.85	0.22	0.26	0.81	0.31	0.33	-0.65	0.43	0.32		0.29	0.5	0.47
Common Stock	0.94	0.88	-0.09	0.52	0.92	0.88	0.67	0.94	-0.73	0.67	0.68	0.87	0.91	0.3	-0.56	0.91	0.5	0.5	0.93	-0.45	0.81	0.93	0.29		0.62	0.82
Other Liab	0.69	0.54	-0.23	0.52	0.76	0.54	0.22	0.68	-0.67	0.22	0.25	0.73	0.57	0.36	0.1	0.59	0.49	0.45	0.72	-0.93	0.95	0.63	0.5	0.62		0.83
Net Tangible Assets	0.87	0.67	-0.26	0.53	0.96	0.67	0.41	0.86	-0.68	0.41	0.49	0.86	0.72	0.43	-0.16	0.73	0.53	0.46	0.88	-0.73	0.91	0.8	0.47	0.82	0.83

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Morguard North Account Relationship Matchups

Morguard North fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	3.1B	3.5B	3.9B	4.1B	2.8B
Short Long Term Debt Total	1.3B	1.3B	1.4B	1.5B	1.6B	1.3B
Other Current Liab	444K	11.6M	11.7M	8.7M	9.2M	12.1M
Total Current Liabilities	78.1M	155.9M	144.7M	273.7M	222.4M	171.8M
Total Stockholder Equity	1.1B	1.3B	1.5B	1.8B	1.9B	1.0B
Net Debt	1.3B	1.3B	1.4B	1.5B	1.5B	1.3B
Cash	17.7M	27.3M	26.6M	14.6M	17.8M	17.4M
Non Current Assets Total	3.0B	3.0B	3.4B	3.7B	4.1B	2.7B
Non Currrent Assets Other	(3.0B)	(3.0B)	(3.4B)	(3.7B)	(4.1B)	(3.9B)
Cash And Short Term Investments	17.7M	27.3M	26.6M	14.6M	17.8M	17.4M
Net Receivables	3.3M	5.6M	2.0M	3.5M	2.4M	2.6M
Common Stock Shares Outstanding	39.0M	39.0M	39.1M	60.5M	58.5M	38.1M
Liabilities And Stockholders Equity	3.0B	3.1B	3.5B	3.9B	4.1B	2.8B
Non Current Liabilities Total	1.7B	1.6B	1.8B	1.8B	1.9B	1.5B
Other Current Assets	20.0M	17.2M	92.2M	184.0M	22.9M	21.8M
Total Liab	1.8B	1.7B	1.9B	2.1B	2.1B	1.7B
Total Current Assets	54.2M	50.1M	120.8M	202.1M	43.2M	70.2M
Accumulated Other Comprehensive Income	84.1M	69.3M	68.4M	144.5M	118.0M	78.7M
Short Term Debt	29.7M	113.8M	97.0M	219.9M	167.6M	120.9M
Property Plant And Equipment Net	2.9B	2.9B	3.3B	3.6B	4.0B	2.8B
Current Deferred Revenue	11.3M	11.1M	11.7M	(167.6M)	(150.9M)	(143.3M)
Retained Earnings	534.9M	682.8M	897.6M	1.1B	1.2B	1.3B
Accounts Payable	48.0M	30.5M	36.1M	45.0M	45.6M	34.0M
Inventory	13.2M	(4.1M)	17.0M	95.4M	13.1M	17.8M
Common Stock	468.6M	469.2M	470.0M	470.8M	448.2M	414.5M
Other Liab	115.2M	110.1M	175.7M	262.8M	302.2M	317.3M
Net Tangible Assets	1.1B	1.3B	1.5B	1.8B	2.0B	1.2B
Long Term Debt	1.3B	1.2B	1.3B	1.2B	1.4B	1.4B
Short Long Term Debt	29.7M	113.8M	97.0M	219.9M	167.6M	138.5M
Property Plant Equipment	2.9B	2.9B	3.3B	3.6B	4.2B	3.1B
Non Current Liabilities Other	318.5M	274.7M	305.0M	279.0M	254.4M	306.5M
Capital Lease Obligations	9.3M	9.1M	9.1M	16.2M	16.1M	12.3M
Net Invested Capital	2.5B	2.6B	2.9B	3.2B	3.4B	3.0B
Long Term Investments	106.5M	93.0M	96.4M	105.5M	53.3M	83.7M
Net Working Capital	(23.9M)	(105.8M)	(23.9M)	(71.6M)	(179.2M)	(188.2M)
Capital Stock	468.6M	469.2M	470.0M	470.8M	448.2M	494.1M

Pair Trading with Morguard North

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 Morguard North 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 Morguard North will appreciate offsetting losses from the drop in the long position's value.

Moving against Morguard Stock

0.53	LQWD	LQwD FinTech Corp	Pair Corr
0.38	ERC	Eros Resources Corp	Pair Corr

The ability to find closely correlated positions to Morguard North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard North 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 Morguard North - 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 Morguard North American to buy it.

The correlation of Morguard North 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 Morguard North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard North American 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 Morguard North 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 Morguard Stock

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

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Morguard Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Morguard North fundamental ratios Correlations

Morguard North Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Morguard North fundamental ratios Accounts

Pair Trading with Morguard North

Moving against Morguard Stock

Other Information on Investing in Morguard Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total

Other Liab	- 0.93	Current Deferred Revenue
Retained Earnings	- 0.82	Current Deferred Revenue
Other Stockholder Equity	- 0.74	Net Receivables
Net Tangible Assets	- 0.73	Current Deferred Revenue
Common Stock	- 0.73	Non Currrent Assets Other
Retained Earnings	- 0.73	Non Currrent Assets Other