Magnum Total Liab vs Net Invested Capital Analysis

MGI Stock

CAD 0.05 0.02 28.57%

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

Total Liab vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magnum Goldcorp Total Liab account and Net Invested Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Magnum Goldcorp's Total Liab and Net Invested Capital is -0.19. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Magnum Goldcorp, assuming nothing else is changed. The correlation between historical values of Magnum Goldcorp's Total Liab and Net Invested Capital 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 Liab of Magnum Goldcorp are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Liab i.e., Magnum Goldcorp's Total Liab and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Magnum Goldcorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnum Goldcorp 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 Magnum Goldcorp. 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 drop to about 48 K in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year

Magnum Goldcorp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Short Long Term Debt	Short Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Capital Stock	Property Plant And Equipment Net
Total Assets		-0.71	0.18	1.0	0.99	-0.93	0.49	-0.73	0.75	-0.85	-0.86	0.45	0.3	-0.75	0.98	0.99	0.91	-0.66	-0.43	0.4	0.67	0.72	0.34	-0.08	0.62	0.5
Other Current Liab	-0.71		-0.19	-0.71	-0.69	0.66	-0.34	0.79	-0.5	0.89	0.58	-0.52	-0.25	0.8	-0.67	-0.73	-0.6	0.26	0.16	-0.19	-0.26	-0.32	-0.09	-0.04	-0.24	-0.21
Total Current Liabilities	0.18	-0.19		0.11	0.08	-0.28	0.68	-0.31	-0.36	-0.2	-0.19	0.69	0.97	-0.31	0.1	0.18	0.24	0.02	0.63	-0.23	-0.37	-0.35	-0.64	0.86	-0.42	-0.5
Total Stockholder Equity	1.0	-0.71	0.11		0.99	-0.92	0.45	-0.71	0.79	-0.84	-0.85	0.4	0.23	-0.73	0.99	0.99	0.9	-0.66	-0.48	0.41	0.7	0.75	0.4	-0.14	0.66	0.53
Net Tangible Assets	0.99	-0.69	0.08	0.99		-0.91	0.41	-0.71	0.82	-0.83	-0.85	0.37	0.2	-0.72	0.99	0.99	0.89	-0.67	-0.5	0.48	0.73	0.76	0.4	-0.17	0.68	0.55
Retained Earnings	-0.93	0.66	-0.28	-0.92	-0.91		-0.5	0.73	-0.7	0.86	0.95	-0.56	-0.44	0.75	-0.93	-0.92	-0.97	0.73	0.42	-0.49	-0.66	-0.74	-0.24	0.0	-0.65	-0.56
Accounts Payable	0.49	-0.34	0.68	0.45	0.41	-0.5		-0.23	0.17	-0.43	-0.34	0.34	0.67	-0.26	0.45	0.45	0.47	-0.45	0.16	-0.12	0.18	0.18	-0.08	0.51	0.08	-0.2
Cash	-0.73	0.79	-0.31	-0.71	-0.71	0.73	-0.23		-0.37	0.84	0.68	-0.68	-0.44	1.0	-0.69	-0.79	-0.66	0.35	0.05	-0.36	-0.21	-0.28	0.23	-0.2	-0.21	-0.33
Other Assets	0.75	-0.5	-0.36	0.79	0.82	-0.7	0.17	-0.37		-0.64	-0.69	-0.1	-0.23	-0.4	0.84	0.76	0.71	-0.71	-0.8	0.61	0.95	0.91	0.66	-0.53	0.89	0.76
Net Receivables	-0.85	0.89	-0.2	-0.84	-0.83	0.86	-0.43	0.84	-0.64		0.75	-0.52	-0.32	0.86	-0.84	-0.87	-0.77	0.58	0.28	-0.39	-0.5	-0.57	-0.12	-0.06	-0.48	-0.43
Other Current Assets	-0.86	0.58	-0.19	-0.85	-0.85	0.95	-0.34	0.68	-0.69	0.75		-0.55	-0.36	0.7	-0.88	-0.86	-0.96	0.69	0.49	-0.64	-0.66	-0.74	-0.27	0.13	-0.67	-0.64
Other Stockholder Equity	0.45	-0.52	0.69	0.4	0.37	-0.56	0.34	-0.68	-0.1	-0.52	-0.55		0.74	-0.66	0.37	0.47	0.55	0.03	0.33	0.0	-0.21	-0.07	-0.41	0.51	-0.22	-0.15
Total Liab	0.3	-0.25	0.97	0.23	0.2	-0.44	0.67	-0.44	-0.23	-0.32	-0.36	0.74		-0.45	0.23	0.31	0.38	-0.14	0.49	-0.05	-0.23	-0.19	-0.61	0.78	-0.25	-0.29
Total Current Assets	-0.75	0.8	-0.31	-0.73	-0.72	0.75	-0.26	1.0	-0.4	0.86	0.7	-0.66	-0.45		-0.71	-0.8	-0.68	0.39	0.08	-0.38	-0.25	-0.31	0.21	-0.19	-0.25	-0.35
Common Stock	0.98	-0.67	0.1	0.99	0.99	-0.93	0.45	-0.69	0.84	-0.84	-0.88	0.37	0.23	-0.71		0.99	0.92	-0.71	-0.5	0.5	0.76	0.79	0.38	-0.14	0.7	0.57
Property Plant Equipment	0.99	-0.73	0.18	0.99	0.99	-0.92	0.45	-0.79	0.76	-0.87	-0.86	0.47	0.31	-0.8	0.99		0.9	-0.64	-0.41	0.46	0.66	0.69	0.27	-0.06	0.6	0.5
Non Current Assets Total	0.91	-0.6	0.24	0.9	0.89	-0.97	0.47	-0.66	0.71	-0.77	-0.96	0.55	0.38	-0.68	0.92	0.9		-0.7	-0.43	0.45	0.68	0.75	0.29	-0.04	0.64	0.54
Non Currrent Assets Other	-0.66	0.26	0.02	-0.66	-0.67	0.73	-0.45	0.35	-0.71	0.58	0.69	0.03	-0.14	0.39	-0.71	-0.64	-0.7		0.52	-0.54	-0.83	-0.82	-0.37	0.13	-0.82	-0.67
Short Long Term Debt	-0.43	0.16	0.63	-0.48	-0.5	0.42	0.16	0.05	-0.8	0.28	0.49	0.33	0.49	0.08	-0.5	-0.41	-0.43	0.52		-0.62	-0.83	-0.85	-0.8	0.88	-0.9	-0.89
Short Term Debt	0.4	-0.19	-0.23	0.41	0.48	-0.49	-0.12	-0.36	0.61	-0.39	-0.64	0.0	-0.05	-0.38	0.5	0.46	0.45	-0.54	-0.62		0.62	0.6	0.23	-0.42	0.68	0.77
Common Stock Shares Outstanding	0.67	-0.26	-0.37	0.7	0.73	-0.66	0.18	-0.21	0.95	-0.5	-0.66	-0.21	-0.23	-0.25	0.76	0.66	0.68	-0.83	-0.83	0.62		0.96	0.69	-0.53	0.97	0.82
Net Invested Capital	0.72	-0.32	-0.35	0.75	0.76	-0.74	0.18	-0.28	0.91	-0.57	-0.74	-0.07	-0.19	-0.31	0.79	0.69	0.75	-0.82	-0.85	0.6	0.96		0.73	-0.55	0.97	0.85
Net Working Capital	0.34	-0.09	-0.64	0.4	0.4	-0.24	-0.08	0.23	0.66	-0.12	-0.27	-0.41	-0.61	0.21	0.38	0.27	0.29	-0.37	-0.8	0.23	0.69	0.73		-0.8	0.71	0.53
Net Debt	-0.08	-0.04	0.86	-0.14	-0.17	0.0	0.51	-0.2	-0.53	-0.06	0.13	0.51	0.78	-0.19	-0.14	-0.06	-0.04	0.13	0.88	-0.42	-0.53	-0.55	-0.8		-0.62	-0.68
Capital Stock	0.62	-0.24	-0.42	0.66	0.68	-0.65	0.08	-0.21	0.89	-0.48	-0.67	-0.22	-0.25	-0.25	0.7	0.6	0.64	-0.82	-0.9	0.68	0.97	0.97	0.71	-0.62		0.91
Property Plant And Equipment Net	0.5	-0.21	-0.5	0.53	0.55	-0.56	-0.2	-0.33	0.76	-0.43	-0.64	-0.15	-0.29	-0.35	0.57	0.5	0.54	-0.67	-0.89	0.77	0.82	0.85	0.53	-0.68	0.91

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Magnum Goldcorp Account Relationship Matchups

Magnum Goldcorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1M	3.1M	3.7M	3.6M	3.6M	3.0M
Total Current Liabilities	366.7K	394.8K	165.8K	39.0K	98.5K	173.4K
Total Stockholder Equity	2.7M	2.7M	3.6M	3.5M	3.5M	2.7M
Net Tangible Assets	2.7M	2.7M	3.6M	3.5M	4.1M	2.6M
Retained Earnings	(1.8M)	(1.9M)	(1.8M)	(1.9M)	(2.0M)	(2.1M)
Accounts Payable	152.1K	85.5K	113.4K	21.1K	24.3K	23.1K
Cash	698.0	583.0	412.7K	9.6K	16.0	15.2
Net Receivables	1.2K	579.0	7.2K	1.3K	820.0	779.0
Other Stockholder Equity	404.4K	399.9K	130.8K	196.5K	226.0K	344.8K
Total Liab	366.7K	394.8K	165.8K	93.0K	152.5K	249.2K
Total Current Assets	6.1K	5.1K	427.2K	17.3K	5.0K	4.7K
Common Stock	4.0M	4.2M	4.2M	5.3M	6.0M	3.8M
Property Plant Equipment	3.1M	3.1M	3.3M	3.6M	4.1M	2.7M
Non Current Assets Total	3.1M	3.1M	3.3M	3.6M	3.6M	3.1M
Non Currrent Assets Other	2.9M	3.0M	15K	30.8K	27.7K	26.3K
Short Long Term Debt	88.5K	105.9K	138.1K	3K	2.7K	2.6K
Common Stock Shares Outstanding	8.9M	14.3M	15.3M	36.6M	38.6M	22.8M
Net Invested Capital	2.9M	2.8M	3.6M	3.5M	3.5M	3.4M
Net Working Capital	(360.6K)	(389.8K)	261.4K	(21.7K)	(93.5K)	(98.2K)
Net Debt	88.4K	105.2K	137.5K	3.0K	2.7K	2.6K

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