Martinrea Income Quality vs Interest Coverage Analysis

MRE Stock

CAD 10.16 0.21 2.11%

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

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Martinrea International Income Quality account and Interest Coverage. At this time, the significance of the direction appears to have no relationship.

The correlation between Martinrea International's Income Quality and Interest Coverage is 0.03. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Martinrea International, assuming nothing else is changed. The correlation between historical values of Martinrea International's Income Quality and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Martinrea International are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Quality i.e., Martinrea International's Income Quality and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Interest Coverage

Most indicators from Martinrea International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Martinrea International 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 Martinrea International. 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, Martinrea International's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 3.81, while Tax Provision is likely to drop about 31.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	32.9M	51.8M	80.3M	84.3M
Depreciation And Amortization	248.2M	285.6M	320.4M	336.5M

Interest Expense Depreciation And Amortization

Martinrea International 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	Net Receivables	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	Intangible Assets	Good Will	Current Deferred Revenue
Total Assets		0.98	0.23	0.98	0.97	0.99	0.98	0.82	0.99	0.92	1.0	0.14	0.92	0.74	0.49	0.98	0.97	0.73	0.54	0.99	0.89	0.99	0.88	0.22	-0.49	-0.11
Short Long Term Debt Total	0.98		0.11	0.96	0.94	0.99	1.0	0.83	0.97	0.93	0.98	0.18	0.93	0.69	0.39	0.98	0.94	0.71	0.6	0.98	0.91	0.95	0.91	0.12	-0.46	-0.17
Other Current Liab	0.23	0.11		0.23	0.28	0.2	0.11	0.2	0.22	0.1	0.21	-0.44	0.1	0.19	0.3	0.13	0.29	0.41	0.01	0.18	0.2	0.27	0.03	0.21	-0.3	-0.02
Total Current Liabilities	0.98	0.96	0.23		0.93	0.97	0.96	0.78	1.0	0.9	0.97	0.13	0.9	0.74	0.48	0.96	0.98	0.73	0.5	0.99	0.91	0.99	0.89	0.21	-0.49	-0.04
Total Stockholder Equity	0.97	0.94	0.28	0.93		0.98	0.94	0.88	0.94	0.91	0.98	0.12	0.91	0.66	0.42	0.93	0.93	0.76	0.62	0.94	0.87	0.94	0.79	0.17	-0.52	-0.22
Property Plant And Equipment Net	0.99	0.99	0.2	0.97	0.98		0.98	0.87	0.97	0.94	1.0	0.14	0.94	0.68	0.42	0.97	0.95	0.75	0.58	0.98	0.91	0.97	0.87	0.14	-0.51	-0.19
Net Debt	0.98	1.0	0.11	0.96	0.94	0.98		0.8	0.97	0.91	0.98	0.19	0.91	0.72	0.42	0.99	0.94	0.68	0.61	0.98	0.89	0.95	0.91	0.17	-0.42	-0.14
Retained Earnings	0.82	0.83	0.2	0.78	0.88	0.87	0.8		0.78	0.93	0.85	0.0	0.93	0.32	-0.03	0.75	0.78	0.82	0.53	0.77	0.88	0.75	0.69	-0.32	-0.61	-0.54
Accounts Payable	0.99	0.97	0.22	1.0	0.94	0.97	0.97	0.78		0.9	0.97	0.13	0.9	0.74	0.48	0.97	0.98	0.72	0.5	0.99	0.91	0.99	0.89	0.2	-0.48	-0.05
Cash	0.92	0.93	0.1	0.9	0.91	0.94	0.91	0.93	0.9		0.93	0.07	1.0	0.49	0.2	0.89	0.88	0.82	0.47	0.9	0.93	0.87	0.87	-0.14	-0.61	-0.32
Non Current Assets Total	1.0	0.98	0.21	0.97	0.98	1.0	0.98	0.85	0.97	0.93		0.15	0.93	0.7	0.44	0.98	0.95	0.75	0.59	0.98	0.9	0.97	0.88	0.18	-0.51	-0.16
Non Currrent Assets Other	0.14	0.18	-0.44	0.13	0.12	0.14	0.19	0.0	0.13	0.07	0.15		0.07	0.18	0.04	0.18	0.04	-0.01	0.3	0.16	0.06	0.1	0.14	0.25	-0.01	-0.06
Cash And Short Term Investments	0.92	0.93	0.1	0.9	0.91	0.94	0.91	0.93	0.9	1.0	0.93	0.07		0.49	0.2	0.89	0.88	0.82	0.47	0.9	0.93	0.87	0.87	-0.14	-0.61	-0.32
Net Receivables	0.74	0.69	0.19	0.74	0.66	0.68	0.72	0.32	0.74	0.49	0.7	0.18	0.49		0.82	0.77	0.75	0.19	0.32	0.76	0.47	0.79	0.6	0.57	0.14	0.22
Common Stock Shares Outstanding	0.49	0.39	0.3	0.48	0.42	0.42	0.42	-0.03	0.48	0.2	0.44	0.04	0.2	0.82		0.53	0.51	0.06	0.06	0.51	0.17	0.58	0.38	0.84	0.11	0.53
Non Current Liabilities Total	0.98	0.98	0.13	0.96	0.93	0.97	0.99	0.75	0.97	0.89	0.98	0.18	0.89	0.77	0.53		0.94	0.66	0.53	0.99	0.85	0.97	0.91	0.26	-0.4	-0.08
Inventory	0.97	0.94	0.29	0.98	0.93	0.95	0.94	0.78	0.98	0.88	0.95	0.04	0.88	0.75	0.51	0.94		0.68	0.47	0.97	0.89	0.99	0.84	0.2	-0.42	-0.07
Other Current Assets	0.73	0.71	0.41	0.73	0.76	0.75	0.68	0.82	0.72	0.82	0.75	-0.01	0.82	0.19	0.06	0.66	0.68		0.33	0.7	0.86	0.69	0.7	-0.15	-0.9	-0.25
Other Stockholder Equity	0.54	0.6	0.01	0.5	0.62	0.58	0.61	0.53	0.5	0.47	0.59	0.3	0.47	0.32	0.06	0.53	0.47	0.33		0.52	0.47	0.45	0.35	0.12	-0.2	-0.18
Total Liab	0.99	0.98	0.18	0.99	0.94	0.98	0.98	0.77	0.99	0.9	0.98	0.16	0.9	0.76	0.51	0.99	0.97	0.7	0.52		0.89	0.99	0.91	0.24	-0.45	-0.06
Property Plant And Equipment Gross	0.89	0.91	0.2	0.91	0.87	0.91	0.89	0.88	0.91	0.93	0.9	0.06	0.93	0.47	0.17	0.85	0.89	0.86	0.47	0.89		0.87	0.86	-0.13	-0.66	-0.23
Total Current Assets	0.99	0.95	0.27	0.99	0.94	0.97	0.95	0.75	0.99	0.87	0.97	0.1	0.87	0.79	0.58	0.97	0.99	0.69	0.45	0.99	0.87		0.87	0.28	-0.44	-0.03
Short Term Debt	0.88	0.91	0.03	0.89	0.79	0.87	0.91	0.69	0.89	0.87	0.88	0.14	0.87	0.6	0.38	0.91	0.84	0.7	0.35	0.91	0.86	0.87		0.09	-0.5	0.04
Intangible Assets	0.22	0.12	0.21	0.21	0.17	0.14	0.17	-0.32	0.2	-0.14	0.18	0.25	-0.14	0.57	0.84	0.26	0.2	-0.15	0.12	0.24	-0.13	0.28	0.09		0.16	0.6
Good Will	-0.49	-0.46	-0.3	-0.49	-0.52	-0.51	-0.42	-0.61	-0.48	-0.61	-0.51	-0.01	-0.61	0.14	0.11	-0.4	-0.42	-0.9	-0.2	-0.45	-0.66	-0.44	-0.5	0.16		0.19
Current Deferred Revenue	-0.11	-0.17	-0.02	-0.04	-0.22	-0.19	-0.14	-0.54	-0.05	-0.32	-0.16	-0.06	-0.32	0.22	0.53	-0.08	-0.07	-0.25	-0.18	-0.06	-0.23	-0.03	0.04	0.6	0.19

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Martinrea International Account Relationship Matchups

Martinrea International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	3.4B	3.6B	4.1B	4.0B	4.2B
Short Long Term Debt Total	983.9M	1.0B	1.3B	1.3B	1.2B	1.3B
Other Current Liab	9.4M	4.3M	6.3M	7.9M	29.9M	15.7M
Total Current Liabilities	788.7M	1.0B	1.2B	1.4B	1.3B	1.4B
Total Stockholder Equity	1.2B	1.2B	1.2B	1.4B	1.5B	1.5B
Property Plant And Equipment Net	1.7B	1.8B	2.0B	2.2B	2.2B	2.3B
Net Debt	865.0M	894.2M	1.1B	1.2B	1.0B	1.1B
Retained Earnings	425.4M	372.8M	410.3M	543.6M	678.3M	712.2M
Accounts Payable	728M	968.0M	1.1B	1.3B	1.2B	1.2B
Cash	119.0M	152.8M	153.3M	161.7M	186.8M	196.1M
Non Current Assets Total	2.0B	2.1B	2.2B	2.5B	2.5B	2.6B
Non Currrent Assets Other	4.0M	2.2M	5K	12.2M	16.3M	15.5M
Cash And Short Term Investments	119.0M	152.8M	153.3M	161.7M	186.8M	196.1M
Net Receivables	577.8M	602.8M	652.8M	794.3M	644.0M	367.7M
Common Stock Shares Outstanding	82.6M	80.1M	80.4M	80.4M	79.7M	67.8M
Liabilities And Stockholders Equity	3.1B	3.4B	3.6B	4.1B	4.0B	4.2B
Non Current Liabilities Total	1.1B	1.2B	1.3B	1.3B	1.2B	1.3B
Inventory	383.7M	492.7M	590.8M	665.3M	568.3M	596.7M
Other Current Assets	26.3M	26.0M	28.6M	38.4M	96.9M	101.7M
Other Stockholder Equity	42.4M	43.9M	44.8M	45.6M	45.9M	43.6M
Total Liab	1.9B	2.2B	2.4B	2.8B	2.5B	2.7B
Property Plant And Equipment Gross	1.7B	1.8B	3.7B	4.1B	4.3B	4.5B
Total Current Assets	1.1B	1.3B	1.4B	1.7B	1.5B	1.6B
Accumulated Other Comprehensive Income	89.1M	96.6M	51.2M	124.1M	95.8M	100.5M
Short Term Debt	43.9M	53.6M	59.5M	59.9M	61.3M	64.3M
Intangible Assets	54.8M	52.6M	47.8M	45.9M	42.7M	51.9M
Current Deferred Revenue	39.5M	13.2M	16.1M	25.0M	22.5M	22.3M
Short Term Investments	418K	647K	4.7M	2.1M	1.9M	1.9M
Common Stock Total Equity	713.4M	680.2M	661.4M	662.4M	596.2M	550.9M
Common Stock	661.4M	662.4M	663.4M	663.6M	645.3M	544.6M
Other Liab	147.1M	160.2M	64.1M	60.2M	54.2M	51.5M
Net Tangible Assets	1.2B	1.2B	1.2B	1.4B	1.6B	1.1B
Other Assets	218.9M	248.2M	186.4M	178.9M	205.8M	224.6M
Long Term Debt	765.9M	815.7M	990.8M	1.1B	956.5M	839.3M
Deferred Long Term Liab	53.0M	52.6M	47.8M	45.9M	41.3M	45.8M
Short Long Term Debt	15.7M	19.5M	20.2M	16.2M	12.8M	12.1M
Property Plant Equipment	1.7B	1.8B	2.0B	2.2B	2.5B	1.6B
Long Term Debt Total	940.0M	993.5M	1.2B	1.3B	1.5B	980.2M
Capital Surpluse	42.4M	43.9M	44.8M	45.6M	52.4M	47.6M
Cash And Equivalents	119.0M	152.8M	153.3M	161.7M	185.9M	123.7M

Pair Trading with Martinrea International

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 Martinrea International 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 Martinrea International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Martinrea Stock

0.8

CMC

Cielo Waste Solutions

Pair Corr

Moving against Martinrea Stock

0.77	LQWD	LQwD FinTech Corp	Pair Corr
0.45	ERC	Eros Resources Corp	Pair Corr

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

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

Balance Sheet is a snapshot of the financial position of Martinrea International at a specified time, usually calculated after every quarter, six months, or one year. Martinrea International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Martinrea International 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 Martinrea currently owns. An asset can also be divided into two categories, current and non-current.

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Martinrea Income Quality vs Interest Coverage Analysis

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

Correlation Coefficient

Income Quality

Interest Coverage

Martinrea International fundamental ratios Correlations

Martinrea International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Martinrea International fundamental ratios Accounts

Pair Trading with Martinrea International

Moving together with Martinrea Stock

Moving against Martinrea Stock

Other Information on Investing in Martinrea Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets

Good Will	- 0.9	Other Current Assets
Good Will	- 0.66	Property Plant And Equipment Gross
Good Will	- 0.61	Cash And Short Term Investments
Good Will	- 0.61	Cash
Good Will	- 0.61	Retained Earnings
Current Deferred Revenue	- 0.54	Retained Earnings