Methanex Total Current Liabilities vs Cash Analysis

MX Stock

CAD 75.79 0.84 1.12%

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

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Methanex Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Methanex's Total Current Liabilities and Cash is 0.25. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Methanex, assuming nothing else is changed. The correlation between historical values of Methanex's Total Current Liabilities and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Methanex are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Methanex's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Methanex balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Methanex are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Cash

Cash refers to the most liquid asset of Methanex, which is listed under current asset account on Methanex balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Methanex customers. The amounts must be unrestricted with restricted cash listed in a different Methanex account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.As of the 1st of February 2025, Sales General And Administrative To Revenue is likely to grow to 0.08, while Selling General Administrative is likely to drop about 218.9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	865.1M	655.4M	753.7M	488.5M
Total Revenue	4.3B	3.7B	4.3B	2.3B

Gross Profit Total Revenue

Methanex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity
Total Assets		0.94	-0.08	0.9	0.75	0.98	-0.88	0.9	0.92	0.95	0.44	0.98	0.74	0.44	0.72	0.14	0.94	0.94	0.35	-0.62	0.98	0.9	0.69	0.64	-0.73	-0.53
Short Long Term Debt Total	0.94		-0.17	0.82	0.55	0.94	-0.77	0.96	0.76	0.86	0.44	0.94	0.76	0.44	0.55	-0.09	0.98	0.84	0.36	-0.5	0.98	0.91	0.6	0.6	-0.54	-0.69
Other Current Liab	-0.08	-0.17		0.05	0.12	-0.07	0.22	-0.17	0.08	-0.18	-0.06	-0.09	0.1	-0.06	0.01	0.31	-0.21	0.06	-0.22	-0.03	-0.15	-0.05	-0.02	0.26	-0.13	0.08
Total Current Liabilities	0.9	0.82	0.05		0.66	0.9	-0.78	0.82	0.9	0.91	0.25	0.9	0.81	0.25	0.58	0.06	0.76	0.94	0.26	-0.4	0.87	0.89	0.52	0.87	-0.57	-0.6
Total Stockholder Equity	0.75	0.55	0.12	0.66		0.7	-0.8	0.48	0.86	0.74	0.45	0.7	0.5	0.45	0.87	0.31	0.58	0.77	0.24	-0.6	0.63	0.61	0.78	0.39	-0.8	0.0
Property Plant And Equipment Net	0.98	0.94	-0.07	0.9	0.7		-0.82	0.94	0.91	0.92	0.29	1.0	0.77	0.29	0.7	0.09	0.93	0.9	0.3	-0.6	0.97	0.91	0.57	0.68	-0.68	-0.59
Current Deferred Revenue	-0.88	-0.77	0.22	-0.78	-0.8	-0.82		-0.69	-0.83	-0.94	-0.52	-0.83	-0.51	-0.52	-0.8	-0.15	-0.81	-0.88	-0.47	0.56	-0.84	-0.75	-0.8	-0.42	0.73	0.27
Net Debt	0.9	0.96	-0.17	0.82	0.48	0.94	-0.69		0.73	0.82	0.19	0.95	0.79	0.19	0.51	-0.19	0.93	0.78	0.31	-0.46	0.95	0.91	0.41	0.66	-0.45	-0.77
Retained Earnings	0.92	0.76	0.08	0.9	0.86	0.91	-0.83	0.73		0.9	0.33	0.9	0.71	0.33	0.76	0.34	0.75	0.92	0.21	-0.61	0.83	0.83	0.63	0.66	-0.79	-0.31
Accounts Payable	0.95	0.86	-0.18	0.91	0.74	0.92	-0.94	0.82	0.9		0.42	0.92	0.69	0.42	0.7	0.1	0.86	0.95	0.37	-0.49	0.92	0.88	0.69	0.6	-0.66	-0.47
Cash	0.44	0.44	-0.06	0.25	0.45	0.29	-0.52	0.19	0.33	0.42		0.29	0.12	1.0	0.33	0.27	0.47	0.44	0.31	-0.33	0.43	0.28	0.87	-0.04	-0.49	0.04
Non Current Assets Total	0.98	0.94	-0.09	0.9	0.7	1.0	-0.83	0.95	0.9	0.92	0.29		0.78	0.29	0.69	0.07	0.93	0.9	0.31	-0.59	0.97	0.92	0.56	0.68	-0.67	-0.59
Non Currrent Assets Other	0.74	0.76	0.1	0.81	0.5	0.77	-0.51	0.79	0.71	0.69	0.12	0.78		0.12	0.27	-0.22	0.64	0.72	0.07	-0.11	0.73	0.91	0.28	0.75	-0.23	-0.69
Cash And Short Term Investments	0.44	0.44	-0.06	0.25	0.45	0.29	-0.52	0.19	0.33	0.42	1.0	0.29	0.12		0.33	0.27	0.47	0.44	0.31	-0.33	0.43	0.28	0.87	-0.04	-0.49	0.04
Net Receivables	0.72	0.55	0.01	0.58	0.87	0.7	-0.8	0.51	0.76	0.7	0.33	0.69	0.27	0.33		0.3	0.63	0.72	0.35	-0.75	0.65	0.51	0.74	0.29	-0.87	-0.07
Common Stock Shares Outstanding	0.14	-0.09	0.31	0.06	0.31	0.09	-0.15	-0.19	0.34	0.1	0.27	0.07	-0.22	0.27	0.3		0.0	0.19	-0.12	-0.48	0.02	-0.15	0.27	-0.07	-0.65	0.52
Non Current Liabilities Total	0.94	0.98	-0.21	0.76	0.58	0.93	-0.81	0.93	0.75	0.86	0.47	0.93	0.64	0.47	0.63	0.0		0.82	0.4	-0.61	0.98	0.84	0.65	0.48	-0.64	-0.6
Inventory	0.94	0.84	0.06	0.94	0.77	0.9	-0.88	0.78	0.92	0.95	0.44	0.9	0.72	0.44	0.72	0.19	0.82		0.4	-0.53	0.9	0.88	0.72	0.7	-0.72	-0.51
Other Current Assets	0.35	0.36	-0.22	0.26	0.24	0.3	-0.47	0.31	0.21	0.37	0.31	0.31	0.07	0.31	0.35	-0.12	0.4	0.4		-0.5	0.38	0.23	0.47	0.13	-0.31	-0.3
Other Stockholder Equity	-0.62	-0.5	-0.03	-0.4	-0.6	-0.6	0.56	-0.46	-0.61	-0.49	-0.33	-0.59	-0.11	-0.33	-0.75	-0.48	-0.61	-0.53	-0.5		-0.58	-0.31	-0.58	-0.19	0.84	0.04
Total Liab	0.98	0.98	-0.15	0.87	0.63	0.97	-0.84	0.95	0.83	0.92	0.43	0.97	0.73	0.43	0.65	0.02	0.98	0.9	0.38	-0.58		0.9	0.65	0.62	-0.65	-0.63
Property Plant And Equipment Gross	0.9	0.91	-0.05	0.89	0.61	0.91	-0.75	0.91	0.83	0.88	0.28	0.92	0.91	0.28	0.51	-0.15	0.84	0.88	0.23	-0.31	0.9		0.5	0.71	-0.43	-0.71
Total Current Assets	0.69	0.6	-0.02	0.52	0.78	0.57	-0.8	0.41	0.63	0.69	0.87	0.56	0.28	0.87	0.74	0.27	0.65	0.72	0.47	-0.58	0.65	0.5		0.18	-0.76	-0.05
Short Term Debt	0.64	0.6	0.26	0.87	0.39	0.68	-0.42	0.66	0.66	0.6	-0.04	0.68	0.75	-0.04	0.29	-0.07	0.48	0.7	0.13	-0.19	0.62	0.71	0.18		-0.29	-0.66
Intangible Assets	-0.73	-0.54	-0.13	-0.57	-0.8	-0.68	0.73	-0.45	-0.79	-0.66	-0.49	-0.67	-0.23	-0.49	-0.87	-0.65	-0.64	-0.72	-0.31	0.84	-0.65	-0.43	-0.76	-0.29		-0.05
Common Stock Total Equity	-0.53	-0.69	0.08	-0.6	0.0	-0.59	0.27	-0.77	-0.31	-0.47	0.04	-0.59	-0.69	0.04	-0.07	0.52	-0.6	-0.51	-0.3	0.04	-0.63	-0.71	-0.05	-0.66	-0.05

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Methanex Account Relationship Matchups

Methanex fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	5.7B	6.1B	6.6B	6.4B	7.4B	7.8B
Short Long Term Debt Total	3.1B	2.9B	3.0B	3.0B	3.5B	3.6B
Other Current Liab	27.2M	17.2M	29.5M	95.0M	109.2M	67.3M
Total Current Liabilities	765.4M	963.2M	942.6M	1.3B	1.5B	1.6B
Total Stockholder Equity	1.1B	1.7B	2.1B	1.9B	2.2B	1.4B
Property Plant And Equipment Net	3.7B	3.7B	4.2B	4.4B	5.1B	5.3B
Current Deferred Revenue	(601.0M)	(836.0M)	(789.2M)	(771.9M)	(694.7M)	(659.9M)
Net Debt	2.3B	1.9B	2.2B	2.6B	2.9B	3.1B
Retained Earnings	843.6M	1.3B	1.5B	1.5B	1.7B	1.8B
Accounts Payable	601.0M	836.0M	789.2M	771.9M	887.6M	932.0M
Cash	833.8M	932.1M	857.7M	458.0M	526.7M	431.9M
Non Current Assets Total	4.1B	4.1B	4.8B	4.9B	5.7B	6.0B
Non Currrent Assets Other	92.5M	99.2M	356.4M	344.6M	396.3M	416.1M
Cash And Short Term Investments	833.8M	932.1M	857.7M	458.0M	526.7M	431.9M
Net Receivables	412M	551.4M	500.9M	533.6M	613.7M	365.3M
Common Stock Shares Outstanding	76.2M	76.2M	71.7M	67.8M	61.0M	94.1M
Liabilities And Stockholders Equity	5.7B	6.1B	6.6B	6.4B	7.4B	7.8B
Non Current Liabilities Total	3.5B	3.2B	3.3B	3.0B	3.4B	3.6B
Inventory	308.7M	459.6M	439.8M	426.8M	490.8M	515.3M
Other Current Assets	116.4M	139.1M	171.1M	61.9M	71.2M	50.2M
Other Stockholder Equity	1.9M	1.9M	1.9M	1.8M	1.7M	1.6M
Total Liab	4.3B	4.1B	4.2B	4.3B	4.9B	5.1B
Property Plant And Equipment Gross	3.7B	6.8B	7.6B	7.9B	9.1B	9.5B
Total Current Assets	1.6B	2.0B	1.9B	1.5B	1.7B	1.1B
Short Term Debt	137.3M	110.1M	123.9M	435.4M	500.8M	525.8M
Accumulated Other Comprehensive Income	(137.1M)	(2.7M)	241.9M	22.9M	26.3M	27.7M
Common Stock	440.7M	432.7M	401.3M	391.9M	352.7M	370.0M
Other Liab	558.9M	540.9M	406.5M	361.6M	415.8M	538.8M
Net Tangible Assets	1.3B	1.1B	1.7B	2.1B	1.9B	1.3B
Other Assets	194.4M	230.1M	197.4M	378.8M	435.6M	457.4M
Long Term Debt	2.3B	2.1B	2.1B	1.8B	2.1B	1.8B
Long Term Investments	194.0M	217.3M	197.1M	189.9M	170.9M	163.0M
Short Long Term Debt	39.8M	11.8M	15.1M	314.7M	283.2M	171.4M
Property Plant Equipment	3.6B	3.7B	3.7B	4.2B	4.8B	3.6B
Long Term Debt Total	2.4B	2.9B	2.8B	2.9B	3.3B	2.3B
Capital Surpluse	1.8M	1.9M	1.9M	1.9M	1.7M	1.6M
Non Current Liabilities Other	327.5M	193.7M	134.6M	154.9M	139.4M	225.1M

Pair Trading with Methanex

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

Moving together with Methanex Stock

0.76

FDR

Flinders Resources

Pair Corr

Moving against Methanex Stock

0.91	IE	Ivanhoe Energy	Pair Corr
0.88	FDY	Faraday Copper Corp	Pair Corr
0.84	INFM	Infinico Metals Corp	Pair Corr
0.79	AG	First Majestic Silver	Pair Corr
0.75	PPL	Pembina Pipeline Corp	Pair Corr

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

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

When determining whether Methanex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methanex'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 Methanex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methanex Stock:

How To Invest In Methanex

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Is Methanex Stock a good investment?

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What is Methanex's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methanex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Methanex Stock, please use our How to Invest in Methanex guide.

You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Please note, there is a significant difference between Methanex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Methanex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Methanex'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.

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Methanex Total Current Liabilities vs Cash Analysis

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Cash

Methanex fundamental ratios Correlations

Methanex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Methanex fundamental ratios Accounts

Pair Trading with Methanex

Moving together with Methanex Stock

Moving against Methanex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total

Accounts Payable	- 0.94	Current Deferred Revenue
Inventory	- 0.88	Current Deferred Revenue
Current Deferred Revenue	- 0.88	Total Assets
Intangible Assets	- 0.87	Net Receivables
Total Liab	- 0.84	Current Deferred Revenue
Non Current Assets Total	- 0.83	Current Deferred Revenue