First Deferred Long Term Liab vs Long Term Debt Analysis

AG Stock

USD 7.04 0.10 1.44%

First Majestic financial indicator trend analysis is much more than just examining First Majestic Silver latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Majestic Silver is a good investment. Please check the relationship between First Majestic Deferred Long Term Liab and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Deferred Long Term Liab vs Long Term Debt

Deferred Long Term Liab vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Majestic Silver Deferred Long Term Liab account and Long Term Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between First Majestic's Deferred Long Term Liab and Long Term Debt is 0.26. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of First Majestic Silver, assuming nothing else is changed. The correlation between historical values of First Majestic's Deferred Long Term Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of First Majestic Silver are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Deferred Long Term Liab i.e., First Majestic's Deferred Long Term Liab and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Long Term Debt

Long-term debt is a debt that First Majestic Silver has held for over one year. Long-term debt appears on First Majestic Silver balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on First Majestic Silver balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from First Majestic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Majestic Silver 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

At this time, First Majestic's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The First Majestic's current Enterprise Value Multiple is estimated to increase to 24.73, while Tax Provision is forecasted to increase to (58.9 M).

First Majestic fundamental ratios Correlations

	Total Assets	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	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Other Current Liab	Other Liab	Net Tangible Assets	Long Term Debt	Good Will	Common Stock Total Equity
Total Assets		0.94	1.0	0.99	0.55	-0.82	0.74	0.57	1.0	0.7	0.77	0.73	0.93	0.99	0.73	0.14	0.99	0.93	0.9	0.9	0.97	0.93	0.97	0.9	0.58	0.91
Total Current Liabilities	0.94		0.93	0.95	0.46	-0.68	0.84	0.58	0.94	0.79	0.71	0.63	0.82	0.92	0.68	0.03	0.95	0.89	0.84	0.77	0.93	0.82	0.86	0.78	0.53	0.81
Total Stockholder Equity	1.0	0.93		0.99	0.53	-0.81	0.72	0.57	0.99	0.68	0.78	0.71	0.94	0.98	0.72	0.16	0.98	0.94	0.9	0.91	0.96	0.93	0.98	0.88	0.6	0.91
Property Plant And Equipment Net	0.99	0.95	0.99		0.6	-0.77	0.72	0.49	1.0	0.69	0.7	0.69	0.91	0.98	0.72	0.11	0.99	0.95	0.85	0.9	0.96	0.91	0.96	0.87	0.59	0.88
Net Debt	0.55	0.46	0.53	0.6		-0.62	0.13	-0.27	0.6	0.22	0.0	0.49	0.49	0.61	0.32	-0.01	0.59	0.6	0.24	0.66	0.6	0.54	0.56	0.67	0.2	0.5
Retained Earnings	-0.82	-0.68	-0.81	-0.77	-0.62		-0.55	-0.45	-0.8	-0.48	-0.68	-0.75	-0.89	-0.85	-0.48	-0.17	-0.83	-0.7	-0.79	-0.83	-0.78	-0.88	-0.82	-0.92	-0.35	-0.92
Accounts Payable	0.74	0.84	0.72	0.72	0.13	-0.55		0.77	0.7	0.89	0.73	0.64	0.68	0.73	0.55	0.14	0.77	0.65	0.82	0.52	0.7	0.61	0.61	0.63	0.43	0.67
Cash	0.57	0.58	0.57	0.49	-0.27	-0.45	0.77		0.5	0.58	0.92	0.49	0.61	0.54	0.42	0.1	0.56	0.35	0.83	0.31	0.49	0.46	0.49	0.5	0.4	0.63
Non Current Assets Total	1.0	0.94	0.99	1.0	0.6	-0.8	0.7	0.5		0.68	0.71	0.7	0.92	0.99	0.73	0.13	0.99	0.95	0.86	0.92	0.97	0.93	0.97	0.89	0.57	0.89
Non Currrent Assets Other	0.7	0.79	0.68	0.69	0.22	-0.48	0.89	0.58	0.68		0.56	0.48	0.53	0.71	0.63	0.18	0.73	0.7	0.71	0.6	0.75	0.59	0.58	0.59	0.14	0.5
Cash And Short Term Investments	0.77	0.71	0.78	0.7	0.0	-0.68	0.73	0.92	0.71	0.56		0.62	0.81	0.74	0.53	0.13	0.74	0.58	0.95	0.57	0.7	0.7	0.74	0.71	0.49	0.83
Net Receivables	0.73	0.63	0.71	0.69	0.49	-0.75	0.64	0.49	0.7	0.48	0.62		0.79	0.76	0.61	0.2	0.75	0.59	0.75	0.64	0.65	0.66	0.7	0.83	0.57	0.81
Common Stock Shares Outstanding	0.93	0.82	0.94	0.91	0.49	-0.89	0.68	0.61	0.92	0.53	0.81	0.79		0.93	0.58	0.21	0.92	0.79	0.91	0.84	0.83	0.9	0.93	0.9	0.7	0.98
Non Current Liabilities Total	0.99	0.92	0.98	0.98	0.61	-0.85	0.73	0.54	0.99	0.71	0.74	0.76	0.93		0.73	0.13	1.0	0.91	0.89	0.91	0.96	0.92	0.95	0.94	0.53	0.92
Other Current Assets	0.73	0.68	0.72	0.72	0.32	-0.48	0.55	0.42	0.73	0.63	0.53	0.61	0.58	0.73		0.36	0.73	0.69	0.63	0.77	0.75	0.68	0.73	0.62	0.33	0.53
Other Stockholder Equity	0.14	0.03	0.16	0.11	-0.01	-0.17	0.14	0.1	0.13	0.18	0.13	0.2	0.21	0.13	0.36		0.11	0.12	0.19	0.29	0.11	0.16	0.28	0.13	0.26	0.09
Total Liab	0.99	0.95	0.98	0.99	0.59	-0.83	0.77	0.56	0.99	0.73	0.74	0.75	0.92	1.0	0.73	0.11		0.92	0.89	0.89	0.97	0.91	0.94	0.92	0.54	0.91
Property Plant And Equipment Gross	0.93	0.89	0.94	0.95	0.6	-0.7	0.65	0.35	0.95	0.7	0.58	0.59	0.79	0.91	0.69	0.12	0.92		0.75	0.9	0.94	0.89	0.92	0.77	0.43	0.75
Total Current Assets	0.9	0.84	0.9	0.85	0.24	-0.79	0.82	0.83	0.86	0.71	0.95	0.75	0.91	0.89	0.63	0.19	0.89	0.75		0.73	0.85	0.81	0.86	0.85	0.54	0.91
Other Assets	0.9	0.77	0.91	0.9	0.66	-0.83	0.52	0.31	0.92	0.6	0.57	0.64	0.84	0.91	0.77	0.29	0.89	0.9	0.73		0.9	0.95	0.93	0.84	0.39	0.79
Other Current Liab	0.97	0.93	0.96	0.96	0.6	-0.78	0.7	0.49	0.97	0.75	0.7	0.65	0.83	0.96	0.75	0.11	0.97	0.94	0.85	0.9		0.89	0.94	0.88	0.4	0.82
Other Liab	0.93	0.82	0.93	0.91	0.54	-0.88	0.61	0.46	0.93	0.59	0.7	0.66	0.9	0.92	0.68	0.16	0.91	0.89	0.81	0.95	0.89		0.93	0.83	0.44	0.88
Net Tangible Assets	0.97	0.86	0.98	0.96	0.56	-0.82	0.61	0.49	0.97	0.58	0.74	0.7	0.93	0.95	0.73	0.28	0.94	0.92	0.86	0.93	0.94	0.93		0.87	0.6	0.89
Long Term Debt	0.9	0.78	0.88	0.87	0.67	-0.92	0.63	0.5	0.89	0.59	0.71	0.83	0.9	0.94	0.62	0.13	0.92	0.77	0.85	0.84	0.88	0.83	0.87		0.45	0.92
Good Will	0.58	0.53	0.6	0.59	0.2	-0.35	0.43	0.4	0.57	0.14	0.49	0.57	0.7	0.53	0.33	0.26	0.54	0.43	0.54	0.39	0.4	0.44	0.6	0.45		0.62
Common Stock Total Equity	0.91	0.81	0.91	0.88	0.5	-0.92	0.67	0.63	0.89	0.5	0.83	0.81	0.98	0.92	0.53	0.09	0.91	0.75	0.91	0.79	0.82	0.88	0.89	0.92	0.62

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First Majestic Account Relationship Matchups

First Majestic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.2B	2.1B	2.1B	2.0B	2.1B
Total Current Liabilities	71.9M	101.6M	172.8M	167.4M	119.5M	125.5M
Total Stockholder Equity	662.3M	850.2M	1.4B	1.4B	1.4B	1.4B
Property Plant And Equipment Net	712.1M	782.3M	1.5B	1.5B	1.4B	1.5B
Net Debt	8.7M	(65.3M)	(16.8M)	96.5M	130.3M	136.8M
Retained Earnings	(361.6M)	(338.9M)	(347.8M)	(468.9M)	(606.8M)	(576.4M)
Accounts Payable	36.3M	49.9M	72.4M	71.1M	31.7M	24.9M
Cash	169.0M	238.6M	237.9M	151.4M	124.9M	77.3M
Non Current Assets Total	784.9M	881.5M	1.7B	1.7B	1.7B	1.7B
Non Currrent Assets Other	21.7M	29.5M	126.5M	143.6M	20.5M	16.3M
Cash And Short Term Investments	175.5M	274.9M	264.4M	186.0M	187.0M	196.3M
Net Receivables	33.9M	45.9M	54.3M	41.2M	48.4M	50.9M
Common Stock Shares Outstanding	201.6M	215.9M	244.7M	263.1M	282.3M	296.4M
Liabilities And Stockholders Equity	1.0B	1.2B	2.1B	2.1B	2.0B	2.1B
Non Current Liabilities Total	293.8M	285.7M	541.2M	531.3M	495.5M	520.3M
Other Current Assets	3.0M	(1K)	17.9M	5.6M	8.7M	9.1M
Other Stockholder Equity	74.1M	1K	98.9M	98.9M	113.8M	95.5M
Total Liab	365.6M	387.3M	714.0M	698.7M	615.1M	645.8M
Property Plant And Equipment Gross	(41.6M)	782.3M	2.1B	2.5B	2.0B	2.1B
Total Current Assets	243.0M	356.0M	397.2M	370.3M	307.5M	322.8M
Accumulated Other Comprehensive Income	90.7M	102.0M	98.9M	98.9M	87.6M	92.0M
Other Assets	57.9M	1K	200.8M	200.6M	230.7M	242.2M
Other Current Liab	23.0M	32.7M	76.2M	78.5M	67.4M	70.8M
Other Liab	109.1M	128.7M	332.1M	297.7M	342.4M	359.5M
Net Tangible Assets	662.3M	850.2M	1.4B	1.4B	1.6B	1.7B
Long Term Debt	154.6M	141.7M	181.1M	209.8M	219.0M	229.9M
Common Stock Total Equity	636.7M	827.6M	933.2M	1.1B	1.3B	1.3B
Short Term Investments	6.5M	36.3M	26.5M	34.5M	62.1M	65.2M
Inventory	30.5M	32.5M	60.6M	64.8M	63.4M	66.5M
Short Long Term Debt	1.2M	11.0M	125K	551K	426K	404.7K
Short Term Debt	8.1M	16.3M	12.0M	14.4M	18.1M	16.1M
Common Stock	933.2M	1.1B	1.7B	1.8B	1.9B	2.0B
Property Plant Equipment	712.1M	782.3M	1.5B	1.5B	1.8B	1.9B
Short Long Term Debt Total	177.8M	173.3M	221.1M	247.9M	255.2M	268.0M
Current Deferred Revenue	4.5M	2.7M	12.2M	3.4M	2.3M	2.6M
Long Term Debt Total	151.2M	169.7M	157.0M	209.1M	240.5M	252.5M

Pair Trading with First Majestic

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 First Majestic 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 First Majestic will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.92	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.86	AU	AngloGold Ashanti plc Financial Report 28th of June 2024	Pair Corr

Moving against First Stock

0.74	NC	NACCO Industries	Pair Corr
0.68	X	United States Steel Earnings Call This Week	Pair Corr
0.68	VALE	Vale SA ADR	Pair Corr

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

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

When determining whether First Majestic Silver is a strong investment it is important to analyze First Majestic'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 First Majestic's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:

How To Invest In First

Details

Is First Stock a good investment?

Details

What is First Majestic's Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic Silver. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the First Majestic Silver information on this page should be used as a complementary analysis to other First Majestic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for First Stock analysis

When running First Majestic's price analysis, check to measure First Majestic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Majestic is operating at the current time. Most of First Majestic's value examination focuses on studying past and present price action to predict the probability of First Majestic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Majestic's price. Additionally, you may evaluate how the addition of First Majestic to your portfolios can decrease your overall portfolio volatility.

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Is First Majestic'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 First Majestic. If investors know First 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 First Majestic 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

2.359

Dividend Share

0.02

Earnings Share

(0.48)

Revenue Per Share

2.032

Quarterly Revenue Growth

(0.08)

The market value of First Majestic Silver is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Majestic's value that differs from its market value or its book value, called intrinsic value, which is First Majestic'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 First Majestic's market value can be influenced by many factors that don't directly affect First Majestic'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 First Majestic's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Majestic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Majestic'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.

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First Deferred Long Term Liab vs Long Term Debt Analysis

Deferred Long Term Liab vs Long Term Debt

Deferred Long Term Liab vs Long Term Debt Correlation Analysis

Correlation Coefficient

Deferred Long Term Liab

Long Term Debt

First Majestic fundamental ratios Correlations

First Majestic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Majestic fundamental ratios Accounts

Pair Trading with First Majestic

Moving together with First Stock

Moving against First Stock

Complementary Tools for First Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Common Stock Total Equity	- 0.92	Retained Earnings
Long Term Debt	- 0.92	Retained Earnings
Common Stock Shares Outstanding	- 0.89	Retained Earnings
Other Liab	- 0.88	Retained Earnings
Non Current Liabilities Total	- 0.85	Retained Earnings
Other Assets	- 0.83	Retained Earnings