Magna Total Operating Expenses vs Interest Expense Analysis
MGA Stock | USD 41.31 0.30 0.72% |
Magna International financial indicator trend analysis is infinitely more than just investigating Magna International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magna International is a good investment. Please check the relationship between Magna International Total Operating Expenses and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna 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 price. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.
Total Operating Expenses vs Interest Expense
Total Operating Expenses vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magna International Total Operating Expenses account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Magna International's Total Operating Expenses and Interest Expense is 0.12. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Magna International, assuming nothing else is changed. The correlation between historical values of Magna International's Total Operating Expenses 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 Total Operating Expenses of Magna International 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 Total Operating Expenses i.e., Magna International's Total Operating Expenses and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Magna International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magna 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 Magna 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 price. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.At present, Magna International's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 416.4 M, whereas Selling General Administrative is forecasted to decline to about 1.3 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 122M | 126M | 242M | 254.1M | Depreciation And Amortization | 1.8B | 1.5B | 1.8B | 1.9B |
Magna International fundamental ratios Correlations
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Magna International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magna International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 25.8B | 28.6B | 29.1B | 27.8B | 32.1B | 33.7B | |
Short Long Term Debt Total | 5.0B | 6.0B | 5.7B | 5.1B | 7.2B | 7.5B | |
Other Current Liab | 2.6B | 3.1B | 3.2B | 3.1B | 3.5B | 3.7B | |
Total Current Liabilities | 8.5B | 9.7B | 10.4B | 11.0B | 13.2B | 13.8B | |
Total Stockholder Equity | 10.8B | 11.4B | 11.8B | 10.9B | 11.8B | 6.4B | |
Property Plant And Equipment Net | 10.1B | 10.4B | 10.0B | 9.8B | 11.3B | 11.9B | |
Net Debt | 3.7B | 2.7B | 2.7B | 3.8B | 6.0B | 6.3B | |
Retained Earnings | 8.6B | 8.7B | 9.2B | 8.6B | 9.3B | 9.7B | |
Non Current Assets Total | 15.0B | 15.2B | 15.6B | 15.3B | 18.1B | 19.0B | |
Non Currrent Assets Other | 996M | 963M | 1.2B | 1.2B | 970.3M | 512.8M | |
Net Receivables | 5.9B | 6.4B | 6.3B | 6.8B | 7.8B | 8.2B | |
Common Stock Shares Outstanding | 315.8M | 300.4M | 302.8M | 291.2M | 286.6M | 356.6M | |
Liabilities And Stockholders Equity | 25.8B | 28.6B | 29.1B | 27.8B | 32.1B | 33.7B | |
Non Current Liabilities Total | 6.1B | 7.1B | 6.5B | 5.5B | 6.7B | 7.0B | |
Inventory | 3.3B | 3.4B | 4.0B | 4.2B | 4.6B | 4.8B | |
Other Current Assets | 1.1B | 238M | 260M | 320M | 350.2M | 192.3M | |
Other Stockholder Equity | 127M | 128M | 102M | 111M | 124.4M | 118.1M | |
Total Liab | 14.7B | 16.9B | 16.9B | 16.5B | 19.9B | 20.9B | |
Total Current Assets | 10.7B | 13.4B | 13.5B | 12.5B | 14.0B | 14.7B | |
Short Term Debt | 331M | 370M | 729M | 938M | 1.7B | 1.8B | |
Intangible Assets | 484M | 481M | 493M | 452M | 876M | 502.0M | |
Cash | 1.3B | 3.3B | 2.9B | 1.2B | 1.2B | 1.4B | |
Cash And Short Term Investments | 1.3B | 3.3B | 2.9B | 1.2B | 1.2B | 1.4B | |
Accounts Payable | 5.6B | 6.3B | 6.5B | 7.0B | 7.8B | 8.2B | |
Property Plant And Equipment Gross | 10.1B | 10.4B | 22.0B | 21.8B | 24.2B | 25.4B | |
Accumulated Other Comprehensive Income | (1.1B) | (733M) | (900M) | (1.1B) | (893.4M) | (848.7M) | |
Good Will | 2.0B | 2.1B | 2.1B | 2.0B | 2.8B | 1.5B | |
Other Liab | 1.5B | 1.5B | 1.5B | 1.3B | 1.5B | 820.6M | |
Other Assets | 1.3B | 1.3B | 1.4B | 1.6B | 1.0 | 0.95 | |
Long Term Debt | 3.1B | 4.0B | 3.5B | 2.8B | 4.2B | 4.4B | |
Common Stock | 3.2B | 3.3B | 3.4B | 3.3B | 3.3B | 3.5B | |
Property Plant Equipment | 10.1B | 10.4B | 10.0B | 9.8B | 11.2B | 6.4B | |
Common Stock Total Equity | 3.6B | 3.4B | 3.2B | 3.3B | 3.8B | 3.8B | |
Net Tangible Assets | 8.4B | 8.8B | 9.2B | 8.5B | 9.7B | 8.7B | |
Deferred Long Term Liab | 683M | 694M | 668M | 679M | 780.9M | 559.1M | |
Long Term Investments | 1.2B | 947M | 1.6B | 1.4B | 1.2B | 1.3B | |
Short Long Term Debt | 106M | 129M | 455M | 662M | 1.3B | 1.4B | |
Long Term Debt Total | 3.1B | 4.0B | 3.5B | 2.8B | 3.3B | 3.4B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna 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 price. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Automotive Parts & Equipment 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 Magna International. If investors know Magna 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 Magna International 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 (0.08) | Dividend Share 1.885 | Earnings Share 3.44 | Revenue Per Share 150.227 | Quarterly Revenue Growth (0) |
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International'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 Magna International's market value can be influenced by many factors that don't directly affect Magna International'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 Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International'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.