| MGY Stock | | | USD 28.79 0.56 1.98% |
Magnolia Oil financial indicator trend analysis is infinitely more than just investigating Magnolia Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnolia Oil Gas is a good investment. Please check the relationship between Magnolia Oil Total Current Liabilities and its Cash And Short Term Investments accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Magnolia Oil Gas Total Current Liabilities account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Magnolia Oil's Total Current Liabilities and Cash And Short Term Investments is 0.94. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Magnolia Oil Gas, assuming nothing else is changed. The correlation between historical values of Magnolia Oil's Total Current Liabilities and Cash And Short Term Investments 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 Magnolia Oil Gas are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Magnolia Oil's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on Magnolia Oil balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magnolia Oil Gas 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 And Short Term Investments
Short Term Investments is an account in the current assets section of Magnolia Oil Gas balance sheet. This account contains Magnolia Oil investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Magnolia Oil Gas fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Magnolia Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnolia Oil Gas 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 Magnolia Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Magnolia Oil's
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.08 in 2024, whereas
Selling General Administrative is likely to drop slightly above 66.3
M in 2024.
Magnolia Oil fundamental ratios Correlations
Click cells to compare fundamentals
Magnolia Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnolia Oil fundamental ratios Accounts
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Additional Tools for Magnolia Stock Analysis
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measure Magnolia Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnolia Oil is operating at the current time. Most of Magnolia Oil's value examination focuses on studying past and present price action to
predict the probability of Magnolia Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnolia Oil's price. Additionally, you may evaluate how the addition of Magnolia Oil to your portfolios can decrease your overall portfolio volatility.