MagnaChip Income Tax Expense vs Interest Expense Analysis
| MX Stock | USD 5.00 0.22 4.60% |
MagnaChip Semiconductor financial indicator trend analysis is infinitely more than just investigating MagnaChip Semiconductor recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MagnaChip Semiconductor is a good investment. Please check the relationship between MagnaChip Semiconductor Income Tax Expense and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.
Income Tax Expense vs Interest Expense
Income Tax Expense vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MagnaChip Semiconductor Income Tax Expense account and Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MagnaChip Semiconductor's Income Tax Expense and Interest Expense is -0.08. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Interest Expense in the same time period over historical financial statements of MagnaChip Semiconductor, assuming nothing else is changed. The correlation between historical values of MagnaChip Semiconductor's Income Tax Expense and Interest Expense 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 Tax Expense of MagnaChip Semiconductor are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Income Tax Expense i.e., MagnaChip Semiconductor's Income Tax Expense and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Tax Expense
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from MagnaChip Semiconductor's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MagnaChip Semiconductor 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 MagnaChip Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.At this time, MagnaChip Semiconductor's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.1 in 2024, whereas Tax Provision is likely to drop (2.2 M) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 153.5M | 101.3M | 48.2M | 45.8M | Total Revenue | 474.2M | 337.7M | 226.6M | 215.3M |
MagnaChip Semiconductor fundamental ratios Correlations
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MagnaChip Semiconductor Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MagnaChip Semiconductor fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 595.3M | 571.7M | 583.7M | 516.6M | 420.5M | 501.8M | |
| Short Long Term Debt Total | 316.2M | 88.1M | 4.3M | 5.5M | 5.4M | 5.1M | |
| Other Current Liab | 69.5M | 4.6M | 7.4M | (10.5M) | 18.9M | 34.2M | |
| Total Current Liabilities | 133.8M | 173.6M | 85.5M | 47.2M | 46.9M | 44.5M | |
| Total Stockholder Equity | (15.0M) | 345.6M | 452.8M | 428.2M | 344.6M | 361.8M | |
| Property Plant And Equipment Net | 194.1M | 101.0M | 112.2M | 116.0M | 104.8M | 180.4M | |
| Current Deferred Revenue | 1.4M | 31.2M | 38.2M | 38.3M | 1.5M | 1.4M | |
| Net Debt | 164.6M | (191.8M) | (275.3M) | (220.0M) | (152.7M) | (145.1M) | |
| Retained Earnings | (58.1M) | 286.8M | 343.5M | 335.5M | 298.9M | 313.8M | |
| Accounts Payable | 60.9M | 52.2M | 37.6M | 18.0M | 24.4M | 23.2M | |
| Cash | 151.7M | 279.9M | 279.5M | 225.5M | 158.1M | 149.7M | |
| Non Current Assets Total | 216.0M | 162.1M | 174.5M | 178.8M | 175.1M | 246.4M | |
| Non Currrent Assets Other | 17.9M | 9.7M | 10.7M | 22.5M | 17.9M | 21.1M | |
| Cash And Short Term Investments | 151.7M | 279.9M | 279.5M | 225.5M | 158.1M | 148.6M | |
| Net Receivables | 123.0M | 68.7M | 76.8M | 43.2M | 36.9M | 35.1M | |
| Common Stock Total Equity | 439K | 450K | 559K | 564K | 507.6K | 482.2K | |
| Common Stock Shares Outstanding | 34.3M | 46.5M | 47.7M | 44.9M | 41.0M | 43.7M | |
| Liabilities And Stockholders Equity | 595.3M | 571.7M | 583.7M | 516.6M | 420.5M | 501.8M | |
| Non Current Liabilities Total | 476.5M | 52.5M | 45.4M | 41.2M | 29.0M | 27.6M | |
| Inventory | 73.3M | 39.0M | 39.4M | 39.9M | 36.6M | 51.1M | |
| Other Current Assets | 9.4M | 9.3M | 2.6M | 15.8M | 13.8M | 8.7M | |
| Other Stockholder Equity | 45.4M | 54.6M | 110.9M | 104.6M | 59.8M | 50.7M | |
| Total Liab | 610.3M | 226.1M | 130.9M | 88.5M | 75.9M | 72.1M | |
| Property Plant And Equipment Gross | 194.1M | 101.0M | 112.2M | 116.0M | 220.7M | 174.6M | |
| Total Current Assets | 379.4M | 409.6M | 409.1M | 337.9M | 245.4M | 352.0M | |
| Accumulated Other Comprehensive Income | (2.7M) | 3.7M | (2.2M) | (12.6M) | (14.7M) | (13.9M) | |
| Short Term Debt | 2.0M | 85.7M | 2.3M | 1.4M | 2.1M | 2.0M | |
| Intangible Assets | 4.0M | 2.7M | 2.4M | 1.9M | 1.5M | 1.5M | |
| Common Stock | 439K | 450K | 559K | 564K | 569K | 540.6K | |
| Other Liab | 160.3M | 50.1M | 43.5M | 37.1M | 33.4M | 31.7M | |
| Other Assets | 17.9M | 63.0M | 60M | 60.9M | 70.0M | 40.4M | |
| Property Plant Equipment | 182.6M | 96.4M | 112.2M | 110.7M | 99.7M | 156.6M | |
| Retained Earnings Total Equity | (58.1M) | 286.8M | 343.5M | 335.5M | 385.8M | 405.1M | |
| Treasury Stock | (107.0M) | (108.4M) | (130.3M) | (161.4M) | (145.3M) | (152.5M) | |
| Net Tangible Assets | (19.0M) | 342.9M | 450.4M | 426.2M | 490.2M | 514.7M | |
| Long Term Debt Total | 306.7M | 153K | 73K | 63K | 56.7K | 53.9K | |
| Capital Surpluse | 152.4M | 163.0M | 241.2M | 266.1M | 306.0M | 180.2M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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Is MagnaChip Semiconductor's industry 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 MagnaChip Semiconductor. If investors know MagnaChip 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 MagnaChip Semiconductor 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 (0.95) | Earnings Share (0.89) | Revenue Per Share 5.609 | Quarterly Revenue Growth (0.17) | Return On Assets (0.06) |
The market value of MagnaChip Semiconductor is measured differently than its book value, which is the value of MagnaChip that is recorded on the company's balance sheet. Investors also form their own opinion of MagnaChip Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is MagnaChip Semiconductor'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 MagnaChip Semiconductor's market value can be influenced by many factors that don't directly affect MagnaChip Semiconductor'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 MagnaChip Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagnaChip Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagnaChip Semiconductor'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.