Macquarie Common Stock Total Equity vs Other Current Assets Analysis

MAQ Stock   87.78  0.19  0.22%   
Macquarie Technology financial indicator trend analysis is infinitely more than just investigating Macquarie Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macquarie Technology is a good investment. Please check the relationship between Macquarie Technology Common Stock Total Equity and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macquarie Technology Group. 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.

Common Stock Total Equity vs Other Current Assets

Common Stock Total Equity vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macquarie Technology Common Stock Total Equity account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Macquarie Technology's Common Stock Total Equity and Other Current Assets is -0.36. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Macquarie Technology Group, assuming nothing else is changed. The correlation between historical values of Macquarie Technology's Common Stock Total Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Macquarie Technology Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Common Stock Total Equity i.e., Macquarie Technology's Common Stock Total Equity and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Macquarie Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macquarie Technology 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 Macquarie Technology Group. 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.
Selling General Administrative is likely to gain to about 221.1 M in 2024. Tax Provision is likely to gain to about 15 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit61.0M89.9M61.6M117.9M
Total Revenue309.3M345.1M181.3M252.2M

Macquarie Technology fundamental ratios Correlations

0.74-0.760.640.80.560.68-0.470.420.37-0.40.490.340.190.530.540.670.730.740.480.850.70.30.210.48-0.19
0.74-0.80.810.860.890.77-0.390.40.79-0.160.890.580.090.910.690.720.850.990.590.950.990.540.440.640.16
-0.76-0.8-0.43-0.91-0.54-0.630.21-0.69-0.44-0.11-0.53-0.67-0.1-0.55-0.83-0.9-0.88-0.79-0.39-0.79-0.74-0.630.01-0.640.28
0.640.81-0.430.550.840.77-0.390.080.85-0.390.830.410.290.860.450.350.540.780.560.760.820.310.710.440.42
0.80.86-0.910.550.560.68-0.320.660.45-0.070.530.650.080.560.780.960.940.860.460.90.810.490.10.63-0.33
0.560.89-0.540.840.560.58-0.57-0.040.84-0.350.960.320.220.970.360.340.530.90.430.820.930.460.480.370.44
0.680.77-0.630.770.680.580.00.540.710.010.660.67-0.040.680.70.610.740.710.590.680.730.470.560.690.16
-0.47-0.390.21-0.39-0.32-0.570.00.47-0.130.83-0.340.22-0.5-0.360.24-0.11-0.09-0.490.18-0.57-0.47-0.020.110.270.11
0.420.4-0.690.080.66-0.040.540.470.150.560.090.68-0.290.110.880.80.760.320.480.340.280.410.060.72-0.36
0.370.79-0.440.850.450.840.71-0.130.15-0.030.910.62-0.010.910.520.30.490.740.590.620.80.430.680.540.6
-0.4-0.16-0.11-0.39-0.07-0.350.010.830.56-0.03-0.160.4-0.36-0.190.440.150.14-0.250.13-0.36-0.240.13-0.020.470.07
0.490.89-0.530.830.530.960.66-0.340.090.91-0.160.40.051.00.450.340.570.870.570.750.920.470.610.510.56
0.340.58-0.670.410.650.320.670.220.680.620.40.4-0.120.410.810.710.640.530.410.450.510.470.150.65-0.07
0.190.09-0.10.290.080.22-0.04-0.5-0.29-0.01-0.360.05-0.120.080.00.020.00.1-0.170.150.09-0.03-0.04-0.17-0.1
0.530.91-0.550.860.560.970.68-0.360.110.91-0.191.00.410.080.480.370.590.880.580.780.930.480.620.520.53
0.540.69-0.830.450.780.360.70.240.880.520.440.450.810.00.480.830.870.60.60.580.580.540.290.83-0.09
0.670.72-0.90.350.960.340.61-0.110.80.30.150.340.710.020.370.830.920.710.390.740.640.49-0.030.64-0.47
0.730.85-0.880.540.940.530.74-0.090.760.490.140.570.640.00.590.870.920.810.650.820.780.450.280.8-0.15
0.740.99-0.790.780.860.90.71-0.490.320.74-0.250.870.530.10.880.60.710.810.510.960.990.520.340.550.1
0.480.59-0.390.560.460.430.590.180.480.590.130.570.41-0.170.580.60.390.650.510.480.540.020.670.750.39
0.850.95-0.790.760.90.820.68-0.570.340.62-0.360.750.450.150.780.580.740.820.960.480.940.430.310.52-0.03
0.70.99-0.740.820.810.930.73-0.470.280.8-0.240.920.510.090.930.580.640.780.990.540.940.530.430.550.21
0.30.54-0.630.310.490.460.47-0.020.410.430.130.470.47-0.030.480.540.490.450.520.020.430.530.020.16-0.09
0.210.440.010.710.10.480.560.110.060.68-0.020.610.15-0.040.620.29-0.030.280.340.670.310.430.020.50.76
0.480.64-0.640.440.630.370.690.270.720.540.470.510.65-0.170.520.830.640.80.550.750.520.550.160.50.2
-0.190.160.280.42-0.330.440.160.11-0.360.60.070.56-0.07-0.10.53-0.09-0.47-0.150.10.39-0.030.21-0.090.760.2
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Macquarie Technology Account Relationship Matchups

Macquarie Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding21.6M21.6M21.6M21.7M24.4M23.0M
Total Assets350.2M452.6M520.7M541.5M562.8M590.9M
Other Current Liab21.6M3.0M(2.3M)(12.0M)(43.9M)(41.7M)
Total Current Liabilities67.7M73.5M61.6M63.1M69.0M50.3M
Total Stockholder Equity122.1M136.4M145.7M319.0M337.1M353.9M
Net Debt85.9M188.6M248.9M120.3M126.4M132.7M
Accounts Payable35.0M28.7M25.1M32.7M44.6M23.4M
Cash37.9M19.8M3.0M12.5M9.8M9.3M
Cash And Short Term Investments37.9M19.8M3.0M58.5M84.8M89.0M
Net Receivables29.6M57.8M38.5M33.5M29.8M21.1M
Liabilities And Stockholders Equity350.2M452.6M520.7M541.5M562.8M590.9M
Non Current Liabilities Total160.3M242.8M313.4M159.4M156.7M164.5M
Other Current Assets14.3M15.7M20.5M19.8M24.3M14.4M
Total Liab228.1M316.3M375.0M222.5M225.7M237.0M
Total Current Assets81.9M93.3M62.0M111.8M138.8M145.8M
Common Stock43.9M44.6M45.2M202.5M203.5M213.7M
Other Liab15.7M8.6M18.6M32.1M36.9M38.8M
Property Plant And Equipment Net188.7M286.9M377.9M396.7M393.8M413.5M
Current Deferred Revenue6.2M8.3M8.4M3.5M9.0M9.5M
Retained Earnings74.1M86.6M95.1M112.0M127.6M134.0M
Non Current Assets Total268.3M359.4M458.7M429.7M423.9M445.1M
Non Currrent Assets Other14.7M9.8M8.1M14.8M30.1M31.6M
Other Assets40.9M29.2M23.0M14.8M17.0M14.6M
Other Stockholder Equity4.1M5.1M5.4M(731K)(657.9K)(625.0K)
Property Plant And Equipment Gross188.7M551.0M377.9M669.5M785.4M824.6M
Accumulated Other Comprehensive Income4.1M5.1M5.4M4.4M5.9M6.2M
Short Term Debt5.1M4.8M5.2M5.5M5.7M7.3M
Property Plant Equipment188.7M286.9M377.9M396.7M456.2M479.1M
Intangible Assets28.4M29.3M24.6M18.1M16.6M14.6M
Net Tangible Assets109.3M123.8M136.0M312.7M359.6M377.6M
Deferred Long Term Liab15.5M16.7M14.9M11.8M13.6M9.6M
Non Current Liabilities Other1.9M4.2M2.0M3.7M5.1M3.4M
Long Term Debt Total118.7M203.6M246.7M127.3M146.4M109.4M

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Additional Tools for Macquarie Stock Analysis

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