Morgan Total Current Assets vs Net Debt Analysis

MGAM Stock

265.50 2.00 0.76%

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

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Morgan Advanced Materials Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Morgan Advanced's Total Current Assets and Net Debt is 0.79. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Morgan Advanced Materials, assuming nothing else is changed. The correlation between historical values of Morgan Advanced's Total Current Assets and Net Debt 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 Assets of Morgan Advanced Materials are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Morgan Advanced's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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.

Most indicators from Morgan Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Morgan Advanced Materials 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 Morgan Advanced Materials. 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.

Discontinued Operations is likely to gain to about 6.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 3.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	8.4M	9.4M	18M	21.7M
Depreciation And Amortization	44M	42.8M	49.2M	36.6M

Interest Expense Depreciation And Amortization

Morgan Advanced fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	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	Common Stock	Short Term Investments	Intangible Assets
Total Assets		0.92	0.79	0.84	0.54	0.9	0.84	0.1	0.76	0.6	0.99	-0.16	0.6	0.94	0.96	0.64	0.92	0.05	0.83	0.91	0.34	0.96	0.33	0.94	-0.06	0.35
Short Long Term Debt Total	0.92		0.63	0.83	0.45	0.85	0.9	0.08	0.65	0.69	0.88	-0.17	0.69	0.85	0.83	0.61	0.83	0.0	0.79	0.86	0.32	0.92	0.46	0.85	0.03	0.27
Other Current Liab	0.79	0.63		0.58	0.48	0.55	0.62	0.1	0.68	0.35	0.77	0.03	0.35	0.74	0.76	0.57	0.85	0.35	0.55	0.69	0.33	0.79	-0.05	0.74	0.23	0.45
Total Current Liabilities	0.84	0.83	0.58		0.23	0.84	0.74	-0.08	0.69	0.58	0.81	-0.19	0.58	0.71	0.75	0.32	0.7	-0.16	0.63	0.87	0.18	0.83	0.7	0.7	-0.25	0.25
Total Stockholder Equity	0.54	0.45	0.48	0.23		0.58	0.25	0.82	0.1	0.56	0.47	-0.37	0.56	0.51	0.46	0.52	0.68	0.0	0.5	0.15	0.79	0.64	-0.19	0.51	0.15	0.33
Property Plant And Equipment Net	0.9	0.85	0.55	0.84	0.58		0.71	0.28	0.59	0.67	0.86	-0.29	0.67	0.85	0.84	0.5	0.83	-0.26	0.81	0.77	0.49	0.91	0.41	0.84	-0.27	0.22
Net Debt	0.84	0.9	0.62	0.74	0.25	0.71		-0.14	0.84	0.3	0.84	0.16	0.3	0.82	0.8	0.43	0.78	0.07	0.73	0.87	0.11	0.79	0.37	0.82	0.03	0.07
Retained Earnings	0.1	0.08	0.1	-0.08	0.82	0.28	-0.14		-0.22	0.4	0.0	-0.25	0.4	0.06	0.0	0.3	0.31	-0.03	0.05	-0.28	0.86	0.27	-0.38	0.06	0.23	0.1
Accounts Payable	0.76	0.65	0.68	0.69	0.1	0.59	0.84	-0.22		0.01	0.79	0.39	0.01	0.72	0.78	0.32	0.7	0.2	0.54	0.85	0.02	0.65	0.18	0.72	0.01	0.03
Cash	0.6	0.69	0.35	0.58	0.56	0.67	0.3	0.4	0.01		0.53	-0.65	1.0	0.5	0.47	0.61	0.52	-0.11	0.51	0.43	0.52	0.7	0.4	0.5	0.01	0.46
Non Current Assets Total	0.99	0.88	0.77	0.81	0.47	0.86	0.84	0.0	0.79	0.53		-0.13	0.53	0.93	0.95	0.67	0.87	0.12	0.8	0.93	0.21	0.91	0.32	0.93	-0.14	0.39
Non Currrent Assets Other	-0.16	-0.17	0.03	-0.19	-0.37	-0.29	0.16	-0.25	0.39	-0.65	-0.13		-0.65	-0.08	-0.11	-0.24	-0.05	0.32	-0.19	-0.01	-0.24	-0.22	-0.31	-0.08	0.21	-0.62
Cash And Short Term Investments	0.6	0.69	0.35	0.58	0.56	0.67	0.3	0.4	0.01	1.0	0.53	-0.65		0.5	0.47	0.61	0.52	-0.11	0.51	0.43	0.52	0.7	0.4	0.5	0.01	0.46
Common Stock Total Equity	0.94	0.85	0.74	0.71	0.51	0.85	0.82	0.06	0.72	0.5	0.93	-0.08	0.5		0.98	0.54	0.86	-0.09	0.94	0.86	0.34	0.9	0.2	1.0	-0.03	0.17
Common Stock Shares Outstanding	0.96	0.83	0.76	0.75	0.46	0.84	0.8	0.0	0.78	0.47	0.95	-0.11	0.47	0.98		0.55	0.84	-0.05	0.89	0.9	0.29	0.89	0.22	0.98	-0.05	0.25
Non Current Liabilities Total	0.64	0.61	0.57	0.32	0.52	0.5	0.43	0.3	0.32	0.61	0.67	-0.24	0.61	0.54	0.55		0.6	0.56	0.35	0.5	0.28	0.61	-0.11	0.55	0.1	0.62
Inventory	0.92	0.83	0.85	0.7	0.68	0.83	0.78	0.31	0.7	0.52	0.87	-0.05	0.52	0.86	0.84	0.6		0.12	0.74	0.74	0.55	0.95	0.1	0.86	0.11	0.29
Other Current Assets	0.05	0.0	0.35	-0.16	0.0	-0.26	0.07	-0.03	0.2	-0.11	0.12	0.32	-0.11	-0.09	-0.05	0.56	0.12		-0.36	0.07	-0.2	0.0	-0.37	-0.09	0.34	0.37
Other Stockholder Equity	0.83	0.79	0.55	0.63	0.5	0.81	0.73	0.05	0.54	0.51	0.8	-0.19	0.51	0.94	0.89	0.35	0.74	-0.36		0.73	0.36	0.81	0.28	0.94	-0.08	0.04
Total Liab	0.91	0.86	0.69	0.87	0.15	0.77	0.87	-0.28	0.85	0.43	0.93	-0.01	0.43	0.86	0.9	0.5	0.74	0.07	0.73		0.01	0.82	0.48	0.86	-0.14	0.25
Property Plant And Equipment Gross	0.34	0.32	0.33	0.18	0.79	0.49	0.11	0.86	0.02	0.52	0.21	-0.24	0.52	0.34	0.29	0.28	0.55	-0.2	0.36	0.01		0.53	-0.27	0.35	0.38	0.01
Total Current Assets	0.96	0.92	0.79	0.83	0.64	0.91	0.79	0.27	0.65	0.7	0.91	-0.22	0.7	0.9	0.89	0.61	0.95	0.0	0.81	0.82	0.53		0.31	0.9	0.05	0.32
Short Term Debt	0.33	0.46	-0.05	0.7	-0.19	0.41	0.37	-0.38	0.18	0.4	0.32	-0.31	0.4	0.2	0.22	-0.11	0.1	-0.37	0.28	0.48	-0.27	0.31		0.19	-0.46	0.08
Common Stock	0.94	0.85	0.74	0.7	0.51	0.84	0.82	0.06	0.72	0.5	0.93	-0.08	0.5	1.0	0.98	0.55	0.86	-0.09	0.94	0.86	0.35	0.9	0.19		-0.01	0.17
Short Term Investments	-0.06	0.03	0.23	-0.25	0.15	-0.27	0.03	0.23	0.01	0.01	-0.14	0.21	0.01	-0.03	-0.05	0.1	0.11	0.34	-0.08	-0.14	0.38	0.05	-0.46	-0.01		-0.09
Intangible Assets	0.35	0.27	0.45	0.25	0.33	0.22	0.07	0.1	0.03	0.46	0.39	-0.62	0.46	0.17	0.25	0.62	0.29	0.37	0.04	0.25	0.01	0.32	0.08	0.17	-0.09

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Morgan Advanced Account Relationship Matchups

Morgan Advanced fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	945M	925.4M	1.0B	1.0B	908.6M
Short Long Term Debt Total	354.4M	303.4M	223.8M	318.1M	356.8M	269.5M
Other Current Liab	86.3M	94.2M	118.6M	119M	116.1M	98.5M
Total Current Liabilities	334.8M	279.7M	227.8M	283.4M	239.5M	288.4M
Total Stockholder Equity	270.2M	202.3M	310.6M	389M	360.3M	246.8M
Property Plant And Equipment Net	366.3M	303.1M	280M	316.8M	325.4M	320.6M
Net Debt	221.6M	155.6M	96.5M	200.4M	232.3M	173.2M
Retained Earnings	64.7M	600K	109.1M	170.9M	170.8M	179.3M
Accounts Payable	84.3M	62.3M	61.8M	78.6M	78.1M	99.5M
Cash	132.8M	147.8M	127.3M	117.7M	124.5M	96.3M
Non Current Assets Total	609.3M	528.6M	494.8M	535.9M	530.8M	472.2M
Non Currrent Assets Other	(175.1M)	(173.2M)	(172.9M)	(181.9M)	9M	9.5M
Cash And Short Term Investments	132.8M	147.8M	127.3M	117.7M	124.5M	96.3M
Common Stock Shares Outstanding	286.8M	286.2M	284.7M	287M	287.3M	271.0M
Liabilities And Stockholders Equity	1.1B	945M	925.4M	1.0B	1.0B	910.4M
Non Current Liabilities Total	422.7M	425.3M	348.0M	318.9M	386.6M	300.7M
Inventory	142.3M	122.4M	140.7M	174.2M	175.1M	142.8M
Other Current Assets	21.8M	21.3M	22.8M	32.5M	34M	32.3M
Total Liab	757.5M	705M	575.8M	602.3M	626.1M	627.2M
Property Plant And Equipment Gross	366.3M	303.1M	908.9M	1.0B	1.0B	1.1B
Total Current Assets	459.9M	416.4M	430.6M	496M	493.9M	433.8M
Accumulated Other Comprehensive Income	22.5M	18.7M	18.5M	35.1M	6.5M	6.8M
Intangible Assets	204.8M	185.4M	183.1M	189M	4.7M	4.5M
Current Deferred Revenue	6.1M	10M	12.2M	8.9M	8.6M	9.0M
Net Receivables	163M	124.9M	139.8M	171.6M	160.3M	157.5M
Good Will	175.1M	173.2M	172.9M	181.9M	177.5M	143.8M
Other Liab	214M	173.4M	190.2M	121.1M	109.0M	162.8M
Net Tangible Assets	16.8M	65.4M	16.9M	127.5M	146.6M	154.0M
Other Assets	11.7M	18.4M	1.0	9.2M	8.3M	10.6M
Long Term Debt	176.2M	177.5M	173.6M	230.1M	308.7M	231.7M
Short Long Term Debt	49.3M	71.3M	0.0	36.1M	600K	570K
Property Plant Equipment	314.5M	366.3M	303.1M	280M	322M	318.3M
Capital Lease Obligations	64.3M	54.6M	49.8M	51.9M	47.1M	37.0M
Net Invested Capital	496.2M	450.7M	484.2M	655.2M	669.6M	575.5M

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Morgan Total Current Assets vs Net Debt Analysis

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Net Debt

Morgan Advanced fundamental ratios Correlations

Morgan Advanced Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Morgan Advanced fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Total Assets
Common Stock Shares Outstanding	+ 0.98	Common Stock Total Equity
Common Stock	+ 0.98	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.96	Total Assets

Cash And Short Term Investments	- 0.65	Non Currrent Assets Other
Non Currrent Assets Other	- 0.65	Cash
Intangible Assets	- 0.62	Non Currrent Assets Other
Short Term Investments	- 0.46	Short Term Debt
Short Term Debt	- 0.38	Retained Earnings
Short Term Debt	- 0.37	Other Current Assets