MGIC Historical Balance Sheet
| MTG Stock | USD 26.11 0.22 0.84% |
Trend analysis of MGIC Investment Corp balance sheet accounts such as Property Plant And Equipment Net of 39 M provides information on MGIC Investment's total assets, liabilities, and equity, which is the actual value of MGIC Investment Corp to its prevalent stockholders. By breaking down trends over time using MGIC Investment balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining MGIC Investment Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MGIC Investment Corp is a good buy for the upcoming year.
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About MGIC Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of MGIC Investment Corp at a specified time, usually calculated after every quarter, six months, or one year. MGIC Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MGIC Investment 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 MGIC currently owns. An asset can also be divided into two categories, current and non-current.
MGIC Investment Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of MGIC Investment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in MGIC Investment Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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.Most accounts from MGIC Investment's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MGIC Investment Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, MGIC Investment's Net Debt is most likely to increase significantly in the upcoming years. The MGIC Investment's current Retained Earnings is estimated to increase to about 4.8 B, while Total Stockholder Equity is projected to decrease to roughly 2.7 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.1B | 662.8M | 643.2M | 835.0M | Total Assets | 7.3B | 6.2B | 6.5B | 5.7B |
MGIC Investment balance sheet Correlations
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MGIC Investment Account Relationship Matchups
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MGIC Investment balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Short Long Term Debt Total | 832.7M | 1.2B | 2.1B | 662.8M | 643.2M | 835.0M | |
| Total Stockholder Equity | 4.3B | 4.7B | 4.9B | 4.6B | 5.1B | 2.7B | |
| Property Plant And Equipment Net | 50.1M | 47.1M | 45.6M | 41.4M | 38.8M | 39.0M | |
| Net Debt | 670.9M | 955.2M | 862.0M | 335.4M | 279.5M | 441.7M | |
| Retained Earnings | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Non Currrent Assets Other | (5.8B) | (6.7B) | (6.6B) | (187.0M) | (34.4M) | (36.1M) | |
| Other Assets | 240.7M | 244.6M | 324.2M | 508.3M | 6.3B | 6.6B | |
| Common Stock Shares Outstanding | 373.9M | 359.3M | 351.3M | 311.2M | 287.2M | 225.9M | |
| Liabilities And Stockholders Equity | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Non Current Liabilities Total | 832.7M | 1.2B | 1.1B | 510.7M | 1.5B | 756.8M | |
| Other Stockholder Equity | 1.6B | 1.5B | 1.1B | 748.6M | 423.8M | 354.2M | |
| Total Liab | 832.7M | 1.2B | 1.1B | 1.6B | 1.5B | 2.9B | |
| Property Plant And Equipment Gross | 44.9M | 51.7M | 50.1M | 47.1M | 54.2M | 38.3M | |
| Other Current Liab | 532.2M | 784.8M | 817.3M | (168.0M) | 472.1M | 448.5M | |
| Total Current Liabilities | 532.2M | 784.8M | 817.3M | 168.0M | 472.1M | 448.5M | |
| Cash | 161.8M | 288.0M | 284.7M | 327.4M | 363.7M | 345.4M | |
| Non Current Assets Total | 5.8B | 6.7B | 6.6B | 5.5B | 34.6M | 32.9M | |
| Cash And Short Term Investments | 161.8M | 288.0M | 284.7M | 327.4M | 363.7M | 402.0M | |
| Net Receivables | 21.6M | 95.0M | 66.9M | 864K | 2.9M | 2.7M | |
| Short Term Investments | 5.7B | 6.7B | 6.6B | 5.4B | 5.7B | 3.1B | |
| Total Current Assets | 183.5M | 383.0M | 351.6M | 240.3M | 211.5M | 200.9M | |
| Accumulated Other Comprehensive Income | 72.7M | 216.8M | 119.7M | (481.5M) | (316.3M) | (300.5M) | |
| Other Liab | 496.8M | 985.8M | 1.1B | 710.4M | 817.0M | 973.5M | |
| Long Term Debt | 420.9M | 879.4M | 1.1B | 641.7M | 643.2M | 755.3M | |
| Treasury Stock | (283.2M) | (393.3M) | (675.3M) | (1.1B) | (1.2B) | (1.3B) | |
| Property Plant Equipment | 50.1M | 47.1M | 45.6M | 41.4M | 47.6M | 39.4M | |
| Accounts Payable | 369.6M | 252.8M | 208.2M | 137.5M | 158.1M | 88.8M | |
| Net Tangible Assets | 4.3B | 4.7B | 4.9B | 4.6B | 5.3B | 3.0B | |
| Good Will | (204.4M) | 5.6B | 6.5B | 6.4B | 7.3B | 7.7B | |
| Retained Earnings Total Equity | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Long Term Debt Total | 420.9M | 879.4M | 1.1B | 641.7M | 738.0M | 765.2M | |
| Capital Surpluse | 1.9B | 1.9B | 1.8B | 1.8B | 2.1B | 1.8B | |
| Inventory | (702.0M) | (796.0M) | (755.0M) | (1.0B) | (6.2B) | (5.9B) | |
| Other Current Assets | 702.0M | 796.0M | 755.0M | 891.3M | 370.6M | 352.1M | |
| Long Term Investments | 5.8B | 6.7B | 6.7B | 5.5B | 5.7B | 6.0B |
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When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share 4.449 | Quarterly Revenue Growth 0.034 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.