Melcor Retained Earnings vs Cash Analysis
| MRD Stock | CAD 13.13 0.08 0.61% |
Melcor Developments financial indicator trend analysis is infinitely more than just investigating Melcor Developments recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Melcor Developments is a good investment. Please check the relationship between Melcor Developments Retained Earnings and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melcor Developments. 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Melcor Developments Retained Earnings account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Melcor Developments' Retained Earnings and Cash is 0.62. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of Melcor Developments, assuming nothing else is changed. The correlation between historical values of Melcor Developments' Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Melcor Developments are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Melcor Developments' Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Cash
Cash refers to the most liquid asset of Melcor Developments, which is listed under current asset account on Melcor Developments balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Melcor Developments customers. The amounts must be unrestricted with restricted cash listed in a different Melcor Developments account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Melcor Developments' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Melcor Developments 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 Melcor Developments. 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, Melcor Developments' Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 15.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 22.9M | 24.4M | 39.5M | 41.5M | Depreciation And Amortization | 203.2M | 152.7M | 202.1M | 212.2M |
Melcor Developments fundamental ratios Correlations
Click cells to compare fundamentals
Melcor Developments Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Melcor Developments fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.1B | 2.0B | 2.1B | 2.2B | 2.1B | 1.1B | |
| Short Long Term Debt Total | 821.8M | 721.8M | 716.9M | 740.4M | 670.2M | 377.4M | |
| Total Current Liabilities | 42.8M | 35.9M | 54.6M | 51.7M | 47.7M | 49.9M | |
| Total Stockholder Equity | 1.1B | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | |
| Property Plant And Equipment Net | 13.5M | 13.1M | 12.9M | 12.2M | 11.7M | 11.1M | |
| Net Debt | 714.4M | 692.6M | 657.0M | 659.9M | 633.8M | 348.7M | |
| Retained Earnings | 982.1M | 981.6M | 1.0B | 1.1B | 1.1B | 1.2B | |
| Accounts Payable | 17.6M | 11.8M | 9.8M | 19.3M | 18.7M | 18.8M | |
| Cash | 37.0M | 29.2M | 59.9M | 80.5M | 36.4M | 20.7M | |
| Non Current Assets Total | 1.2B | 1.1B | 1.2B | 1.2B | 1.2B | 1.2B | |
| Non Currrent Assets Other | 1.2B | (867.7M) | (941.6M) | 1.2B | 1.1B | 1.2B | |
| Cash And Short Term Investments | 37.0M | 29.2M | 59.9M | 80.5M | 36.4M | 20.7M | |
| Net Receivables | 93.2M | 89.0M | 138.2M | 113.6M | 139.7M | 106.3M | |
| Common Stock Shares Outstanding | 33.3M | 33.3M | 33.2M | 32.6M | 31.1M | 35.3M | |
| Liabilities And Stockholders Equity | 2.1B | 2.0B | 2.1B | 2.2B | 2.1B | 1.1B | |
| Non Current Liabilities Total | 973.0M | 887.9M | 942.8M | 937.0M | 840.2M | 478.9M | |
| Other Current Assets | (885.0M) | 7.4M | 4.8M | 22.3M | (904.7M) | (859.4M) | |
| Other Stockholder Equity | 4.1M | (976.7M) | (1.0B) | (1.1B) | (1.1B) | (1.1B) | |
| Total Liab | 1.0B | 923.9M | 997.5M | 988.7M | 887.9M | 528.8M | |
| Property Plant And Equipment Gross | 13.5M | 13.1M | 12.9M | 12.2M | 11.7M | 11.1M | |
| Total Current Assets | 884.6M | 854.6M | 928.7M | 965.8M | 937.9M | 504.3M | |
| Accumulated Other Comprehensive Income | 21.5M | 18.6M | 17.9M | 29.6M | 24.7M | 25.9M | |
| Other Current Liab | 25.2M | 24.1M | 44.8M | 32.5M | 29.0M | 22.0M | |
| Current Deferred Revenue | (68.4M) | (76.2M) | (40.8M) | (54.2M) | (45.6M) | (47.9M) | |
| Short Term Debt | 70.5M | 76.2M | 40.8M | 54.2M | 45.6M | 54.2M | |
| Common Stock Total Equity | 72.7M | 72.8M | 72.6M | 72.3M | 83.1M | 56.2M | |
| Inventory | 754.3M | 729.0M | 725.8M | 749.5M | 728.6M | 681.3M | |
| Common Stock | 72.6M | 72.3M | 73.3M | 70.2M | 69.5M | 60.9M | |
| Short Term Investments | 6.8M | 4.9M | 6.9M | 5.8M | 7.1M | 6.0M | |
| Other Liab | 113.4M | 101.4M | 135.9M | 122.9M | 110.6M | 136.2M | |
| Net Tangible Assets | 1.1B | 1.1B | 1.1B | 1.2B | 1.4B | 1.1B | |
| Other Assets | 35.8M | 33.0M | 31.2M | 2.8M | 2.5M | 2.4M | |
| Long Term Debt | 751.4M | 721.8M | 716.9M | 740.4M | 670.2M | 708.3M | |
| Deferred Long Term Liab | 35.8M | 33.0M | 31.2M | 34.0M | 30.6M | 27.4M | |
| Property Plant Equipment | 1.2B | 1.1B | 1.1B | 12.2M | 14.1M | 13.4M | |
| Long Term Debt Total | 751.4M | 721.8M | 716.9M | 740.4M | 851.4M | 742.9M | |
| Capital Surpluse | 4.1M | 4.9M | 4.7M | 4.8M | 5.5M | 4.2M | |
| Non Current Liabilities Other | 106.6M | 63.0M | 88.3M | 71.9M | 53.8M | 68.8M | |
| Cash And Equivalents | 37.0M | 29.2M | 59.9M | 80.5M | 92.5M | 49.6M |
Pair Trading with Melcor Developments
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 Melcor Developments 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 Melcor Developments will appreciate offsetting losses from the drop in the long position's value.Moving together with Melcor Stock
The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
The correlation of Melcor Developments 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 Melcor Developments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melcor Developments 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 Melcor Developments 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.Other Information on Investing in Melcor Stock
Balance Sheet is a snapshot of the financial position of Melcor Developments at a specified time, usually calculated after every quarter, six months, or one year. Melcor Developments Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Melcor Developments 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 Melcor currently owns. An asset can also be divided into two categories, current and non-current.