MCAN Non Current Assets Total vs Long Term Debt Analysis

MKP Stock

CAD 19.42 0.08 0.41%

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

Non Current Assets Total vs Long Term Debt

Non Current Assets Total vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MCAN Mortgage Non Current Assets Total account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.

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

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Long Term Debt

Long-term debt is a debt that MCAN Mortgage has held for over one year. Long-term debt appears on MCAN Mortgage balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on MCAN Mortgage balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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

At this time, MCAN Mortgage's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 1.9 B, while Selling General Administrative is likely to drop about 8.2 M.

	2021	2022	2023	2024 (projected)
Operating Income	120.3M	132.1M	78.2M	45.5M
Other Operating Expenses	32.5M	33.4M	44.9M	28.9M

Operating Income Other Operating Expenses

MCAN Mortgage fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Property Plant And Equipment Gross	Other Current Assets	Intangible Assets	Cash	Common Stock Total Equity	Common Stock	Other Current Liab
Total Assets		0.34	0.05	0.79	0.14	0.66	-0.1	0.05	0.54	0.14	-0.39	-0.31	1.0	0.57	0.35	-0.15	0.39	-0.34	0.26	0.62	0.26	-0.57	0.22	0.5	0.68	-0.25
Short Long Term Debt Total	0.34		0.37	0.06	0.58	0.08	0.01	0.23	0.15	0.21	-0.23	0.58	0.36	0.08	0.88	0.02	0.36	-0.31	0.12	0.12	0.08	-0.43	0.27	0.19	0.26	-0.11
Total Current Liabilities	0.05	0.37		-0.52	0.86	-0.62	0.23	0.79	-0.28	0.75	0.33	0.61	0.12	-0.41	0.52	-0.66	0.54	0.55	0.04	-0.61	-0.64	-0.17	0.04	-0.32	-0.41	0.51
Total Stockholder Equity	0.79	0.06	-0.52		-0.38	0.93	-0.43	-0.43	0.73	-0.37	-0.4	-0.66	0.74	0.64	-0.07	0.16	0.08	-0.52	0.26	0.78	0.44	-0.49	0.25	0.74	0.85	-0.41
Net Debt	0.14	0.58	0.86	-0.38		-0.41	0.16	0.6	-0.19	0.54	0.27	0.59	0.2	-0.18	0.65	-0.55	0.4	0.51	0.26	-0.41	-0.5	-0.19	0.21	-0.22	-0.28	0.26
Retained Earnings	0.66	0.08	-0.62	0.93	-0.41		-0.44	-0.53	0.7	-0.48	-0.45	-0.62	0.6	0.77	-0.03	0.36	-0.18	-0.49	0.38	0.74	0.56	-0.43	0.25	0.75	0.77	-0.56
Other Assets	-0.1	0.01	0.23	-0.43	0.16	-0.44		0.34	-0.67	0.5	-0.33	0.4	-0.05	0.0	0.28	0.24	-0.14	-0.14	-0.42	0.1	0.33	0.54	-0.38	-0.74	-0.43	-0.05
Cash And Short Term Investments	0.05	0.23	0.79	-0.43	0.6	-0.53	0.34		-0.17	0.96	0.43	0.4	0.1	-0.29	0.49	-0.61	0.42	0.42	0.08	-0.54	-0.56	-0.31	0.25	-0.22	-0.32	0.61
Common Stock Shares Outstanding	0.54	0.15	-0.28	0.73	-0.19	0.7	-0.67	-0.17		-0.23	-0.05	-0.47	0.5	0.41	0.01	-0.06	0.22	-0.21	0.57	0.34	0.06	-0.7	0.35	0.98	0.89	-0.13
Short Term Investments	0.14	0.21	0.75	-0.37	0.54	-0.48	0.5	0.96	-0.23		0.24	0.42	0.2	-0.19	0.53	-0.48	0.38	0.3	-0.01	-0.39	-0.39	-0.27	0.06	-0.29	-0.31	0.47
Non Current Liabilities Total	-0.39	-0.23	0.33	-0.4	0.27	-0.45	-0.33	0.43	-0.05	0.24		-0.05	-0.37	-0.64	-0.18	-0.75	0.33	0.7	0.07	-0.76	-0.89	-0.13	0.29	-0.04	-0.33	0.49
Other Stockholder Equity	-0.31	0.58	0.61	-0.66	0.59	-0.62	0.4	0.4	-0.47	0.42	-0.05		-0.26	-0.33	0.59	0.04	0.11	0.11	-0.16	-0.39	-0.14	0.1	-0.27	-0.45	-0.45	0.08
Total Liab	1.0	0.36	0.12	0.74	0.2	0.6	-0.05	0.1	0.5	0.2	-0.37	-0.26		0.54	0.4	-0.18	0.42	-0.31	0.25	0.58	0.23	-0.56	0.21	0.46	0.64	-0.22
Total Current Assets	0.57	0.08	-0.41	0.64	-0.18	0.77	0.0	-0.29	0.41	-0.19	-0.64	-0.33	0.54		0.1	0.49	-0.51	-0.29	0.59	0.69	0.65	-0.26	0.16	0.43	0.46	-0.45
Short Term Debt	0.35	0.88	0.52	-0.07	0.65	-0.03	0.28	0.49	0.01	0.53	-0.18	0.59	0.4	0.1		-0.04	0.34	-0.18	0.08	0.01	0.07	-0.4	0.15	0.02	0.08	-0.08
Property Plant And Equipment Net	-0.15	0.02	-0.66	0.16	-0.55	0.36	0.24	-0.61	-0.06	-0.48	-0.75	0.04	-0.18	0.49	-0.04		-0.69	-0.64	-0.11	0.55	0.89	0.32	-0.36	0.0	0.13	-0.59
Non Current Assets Total	0.39	0.36	0.54	0.08	0.4	-0.18	-0.14	0.42	0.22	0.38	0.33	0.11	0.42	-0.51	0.34	-0.69		-0.02	-0.28	-0.16	-0.48	-0.37	0.09	0.15	0.28	0.26
Non Currrent Assets Other	-0.34	-0.31	0.55	-0.52	0.51	-0.49	-0.14	0.42	-0.21	0.3	0.7	0.11	-0.31	-0.29	-0.18	-0.64	-0.02		0.4	-0.78	-0.79	0.02	0.13	-0.22	-0.57	0.47
Net Receivables	0.26	0.12	0.04	0.26	0.26	0.38	-0.42	0.08	0.57	-0.01	0.07	-0.16	0.25	0.59	0.08	-0.11	-0.28	0.4		-0.01	-0.14	-0.52	0.48	0.58	0.28	0.06
Property Plant And Equipment Gross	0.62	0.12	-0.61	0.78	-0.41	0.74	0.1	-0.54	0.34	-0.39	-0.76	-0.39	0.58	0.69	0.01	0.55	-0.16	-0.78	-0.01		0.83	-0.04	-0.06	0.31	0.67	-0.6
Other Current Assets	0.26	0.08	-0.64	0.44	-0.5	0.56	0.33	-0.56	0.06	-0.39	-0.89	-0.14	0.23	0.65	0.07	0.89	-0.48	-0.79	-0.14	0.83		0.23	-0.29	0.07	0.36	-0.67
Intangible Assets	-0.57	-0.43	-0.17	-0.49	-0.19	-0.43	0.54	-0.31	-0.7	-0.27	-0.13	0.1	-0.56	-0.26	-0.4	0.32	-0.37	0.02	-0.52	-0.04	0.23		-0.42	-0.73	-0.53	-0.12
Cash	0.22	0.27	0.04	0.25	0.21	0.25	-0.38	0.25	0.35	0.06	0.29	-0.27	0.21	0.16	0.15	-0.36	0.09	0.13	0.48	-0.06	-0.29	-0.42		0.38	0.22	0.43
Common Stock Total Equity	0.5	0.19	-0.32	0.74	-0.22	0.75	-0.74	-0.22	0.98	-0.29	-0.04	-0.45	0.46	0.43	0.02	0.0	0.15	-0.22	0.58	0.31	0.07	-0.73	0.38		0.85	-0.18
Common Stock	0.68	0.26	-0.41	0.85	-0.28	0.77	-0.43	-0.32	0.89	-0.31	-0.33	-0.45	0.64	0.46	0.08	0.13	0.28	-0.57	0.28	0.67	0.36	-0.53	0.22	0.85		-0.34
Other Current Liab	-0.25	-0.11	0.51	-0.41	0.26	-0.56	-0.05	0.61	-0.13	0.47	0.49	0.08	-0.22	-0.45	-0.08	-0.59	0.26	0.47	0.06	-0.6	-0.67	-0.12	0.43	-0.18	-0.34

Click cells to compare fundamentals

MCAN Mortgage Account Relationship Matchups

MCAN Mortgage fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.7B	3.8B	4.1B	4.7B	5.0B
Short Long Term Debt Total	1.4B	1.9B	3.3B	3.6B	66.4M	63.1M
Total Current Liabilities	12.9M	2.1M	18.7M	20.5M	23.9M	22.7M
Total Stockholder Equity	330.3M	346.5M	433.3M	489.3M	531.8M	558.4M
Net Debt	(46.3M)	(86.2M)	1.6B	(69.6M)	6.0M	5.7M
Retained Earnings	101.8M	111.4M	117.4M	99.0M	124.7M	130.9M
Other Assets	36.1M	38.9M	64.2M	47.0M	54.6M	69.2M
Cash And Short Term Investments	54.5M	88.9M	122.3M	78.2M	60.3M	57.3M
Common Stock Shares Outstanding	24.7M	24.8M	26.8M	27.0M	35.1M	17.9M
Short Term Investments	46.1M	49.6M	62.7M	53.7M	50.3M	81.0M
Liabilities And Stockholders Equity	2.2B	2.7B	3.8B	4.1B	4.7B	5.0B
Non Current Liabilities Total	8.2M	2.8M	18.7M	20.5M	66.4M	63.1M
Total Liab	1.8B	2.4B	3.4B	3.6B	4.2B	4.4B
Total Current Assets	1.9B	2.5B	3.5B	81.3M	2.5B	2.6B
Short Term Debt	1.0B	1.2B	1.8B	1.8B	65.1M	61.8M
Property Plant And Equipment Net	3.1M	2.8M	2.4M	2.1M	1.6M	1.5M
Non Current Assets Total	213.4M	197.2M	226.6M	4.0B	2.2B	1.3B
Non Currrent Assets Other	(213.4M)	(197.2M)	(226.6M)	(4.0B)	(336K)	(319.2K)
Net Receivables	1.9B	2.4B	3.4B	3.1M	2.4B	1.2B
Property Plant And Equipment Gross	3.1M	2.8M	6.7M	6.5M	6.2M	6.5M
Other Current Assets	35.5M	38.1M	62.9M	45.5M	(146.7M)	(154.0M)
Intangible Assets	613K	487K	346K	373K	837K	795.2K
Cash	54.5M	88.9M	122.3M	78.2M	60.3M	79.6M
Common Stock Total Equity	214.7M	221.9M	228.0M	234.6M	269.8M	174.1M
Common Stock	228.0M	234.6M	315.3M	390.0M	406.5M	215.3M
Other Current Liab	(12.9M)	(2.1M)	(18.7M)	(20.5M)	(23.9M)	(22.7M)
Accounts Payable	12.9M	2.1M	18.7M	20.5M	23.9M	22.7M
Accumulated Other Comprehensive Income	0.0	(4.0M)	(4.2M)	(176K)	98K	93.1K
Current Deferred Revenue	12.5M	1.7M	(80.2M)	13.6M	(41.2M)	(43.3M)
Net Tangible Assets	329.7M	346.0M	432.9M	488.9M	562.3M	349.6M
Long Term Debt	336.1M	704.8M	1.5B	1.7B	2.0B	2.1B
Long Term Investments	209.7M	194.0M	223.8M	3.9B	2.2B	2.3B
Property Plant Equipment	3.1M	2.8M	2.4M	2.1M	2.4M	1.7M
Long Term Debt Total	339.2M	707.6M	1.5B	1.7B	2.0B	2.1B
Good Will	132K	407K	891K	1.1M	336K	319.2K
Cash And Equivalents	54.5M	88.9M	122.3M	78.2M	70.4M	76.8M
Net Invested Capital	335.4M	1.5B	2.1B	495.8M	596.5M	1.0B

Pair Trading with MCAN Mortgage

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

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

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

Other Information on Investing in MCAN Stock

Balance Sheet is a snapshot of the financial position of MCAN Mortgage at a specified time, usually calculated after every quarter, six months, or one year. MCAN Mortgage Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MCAN Mortgage and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which MCAN currently owns. An asset can also be divided into two categories, current and non-current.

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MCAN Non Current Assets Total vs Long Term Debt Analysis

Non Current Assets Total vs Long Term Debt

Non Current Assets Total vs Long Term Debt Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Long Term Debt

MCAN Mortgage fundamental ratios Correlations

MCAN Mortgage Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MCAN Mortgage fundamental ratios Accounts

Pair Trading with MCAN Mortgage

Other Information on Investing in MCAN Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding
Short Term Investments	+ 0.96	Cash And Short Term Investments
Retained Earnings	+ 0.93	Total Stockholder Equity
Common Stock	+ 0.89	Common Stock Shares Outstanding
Other Current Assets	+ 0.89	Property Plant And Equipment Net

Other Current Assets	- 0.89	Non Current Liabilities Total
Other Current Assets	- 0.79	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.78	Non Currrent Assets Other
Property Plant And Equipment Gross	- 0.76	Non Current Liabilities Total
Property Plant And Equipment Net	- 0.75	Non Current Liabilities Total
Common Stock Total Equity	- 0.74	Other Assets