Maritime Property Plant And Equipment Net vs Short Long Term Debt Analysis

MAE Stock  CAD 0.06  0.01  9.09%   
Maritime Resources financial indicator trend analysis is infinitely more than just investigating Maritime Resources Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maritime Resources Corp is a good investment. Please check the relationship between Maritime Resources Property Plant And Equipment Net and its Short Long Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maritime Resources 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 board of governors.

Property Plant And Equipment Net vs Short Long Term Debt

Property Plant And Equipment Net vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maritime Resources Corp Property Plant And Equipment Net account and Short Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Maritime Resources' Property Plant And Equipment Net and Short Long Term Debt is 0.57. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Maritime Resources Corp, assuming nothing else is changed. The correlation between historical values of Maritime Resources' Property Plant And Equipment Net and Short 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 Property Plant And Equipment Net of Maritime Resources Corp are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Property Plant And Equipment Net i.e., Maritime Resources' Property Plant And Equipment Net and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

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.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Maritime Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maritime Resources Corp 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 Maritime Resources 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 board of governors.
Selling General Administrative is likely to drop to about 1.3 M in 2024. Tax Provision is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Reconciled Depreciation82.6K171.3K170.2K113.3K
Depreciation And Amortization82.6K171.3K170.2K103.3K

Maritime Resources fundamental ratios Correlations

0.660.990.260.880.471.00.471.00.840.58-0.940.86-0.220.660.810.770.78-0.8-0.480.990.560.990.990.940.64
0.660.72-0.290.810.710.620.710.650.330.77-0.710.39-0.150.720.260.220.35-0.31-0.370.670.70.70.630.50.05
0.990.720.110.920.570.970.570.990.730.67-0.950.77-0.220.780.690.650.67-0.76-0.530.990.61.00.980.880.51
0.26-0.290.11-0.15-0.690.33-0.690.240.69-0.58-0.060.580.04-0.410.730.770.66-0.530.330.18-0.210.120.260.460.79
0.880.810.92-0.150.770.840.770.880.580.84-0.890.66-0.310.770.530.470.52-0.58-0.60.90.570.920.860.770.34
0.470.710.57-0.690.770.391.00.470.050.98-0.60.19-0.210.7-0.01-0.060.06-0.03-0.640.520.570.570.440.31-0.15
1.00.620.970.330.840.390.390.990.870.51-0.920.88-0.20.630.840.80.8-0.83-0.440.990.520.970.990.950.68
0.470.710.57-0.690.771.00.390.470.050.98-0.60.19-0.210.7-0.01-0.060.06-0.03-0.640.520.570.570.440.31-0.15
1.00.650.990.240.880.470.990.470.820.58-0.950.84-0.230.680.790.750.75-0.81-0.491.00.580.990.990.940.63
0.840.330.730.690.580.050.870.050.820.18-0.70.98-0.160.161.00.990.96-0.78-0.20.790.290.750.810.940.93
0.580.770.67-0.580.840.980.510.980.580.18-0.70.31-0.230.720.120.070.17-0.15-0.660.620.640.660.550.43-0.03
-0.94-0.71-0.95-0.06-0.89-0.6-0.92-0.6-0.95-0.7-0.7-0.740.33-0.72-0.66-0.61-0.640.680.63-0.94-0.75-0.96-0.92-0.89-0.52
0.860.390.770.580.660.190.880.190.840.980.31-0.74-0.190.20.970.960.94-0.73-0.270.820.310.780.830.960.91
-0.22-0.15-0.220.04-0.31-0.21-0.2-0.21-0.23-0.16-0.230.33-0.19-0.17-0.15-0.15-0.080.180.11-0.24-0.2-0.27-0.23-0.25-0.07
0.660.720.78-0.410.770.70.630.70.680.160.72-0.720.2-0.170.110.050.09-0.43-0.510.720.570.760.70.41-0.12
0.810.260.690.730.53-0.010.84-0.010.791.00.12-0.660.97-0.150.111.00.96-0.77-0.180.750.240.710.780.920.95
0.770.220.650.770.47-0.060.8-0.060.750.990.07-0.610.96-0.150.051.00.95-0.75-0.10.710.210.660.740.90.95
0.780.350.670.660.520.060.80.060.750.960.17-0.640.94-0.080.090.960.95-0.68-0.190.720.290.680.740.880.91
-0.8-0.31-0.76-0.53-0.58-0.03-0.83-0.03-0.81-0.78-0.150.68-0.730.18-0.43-0.77-0.75-0.680.2-0.79-0.28-0.77-0.83-0.78-0.65
-0.48-0.37-0.530.33-0.6-0.64-0.44-0.64-0.49-0.2-0.660.63-0.270.11-0.51-0.18-0.1-0.190.2-0.5-0.4-0.53-0.45-0.4-0.18
0.990.670.990.180.90.520.990.521.00.790.62-0.940.82-0.240.720.750.710.72-0.79-0.50.571.00.990.920.58
0.560.70.6-0.210.570.570.520.570.580.290.64-0.750.31-0.20.570.240.210.29-0.28-0.40.570.610.530.50.13
0.990.71.00.120.920.570.970.570.990.750.66-0.960.78-0.270.760.710.660.68-0.77-0.531.00.610.990.90.53
0.990.630.980.260.860.440.990.440.990.810.55-0.920.83-0.230.70.780.740.74-0.83-0.450.990.530.990.920.61
0.940.50.880.460.770.310.950.310.940.940.43-0.890.96-0.250.410.920.90.88-0.78-0.40.920.50.90.920.83
0.640.050.510.790.34-0.150.68-0.150.630.93-0.03-0.520.91-0.07-0.120.950.950.91-0.65-0.180.580.130.530.610.83
Click cells to compare fundamentals

Maritime Resources Account Relationship Matchups

Maritime Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.1M26.2M38.1M39.9M52.9M55.6M
Total Current Liabilities511.0K1.2M1.1M927.8K1.0M557.0K
Total Stockholder Equity13.6M24.9M35.9M37.9M39.0M40.9M
Net Debt(1.8M)(6.4M)(3.9M)(2.1M)4.6M4.8M
Accounts Payable364.4K943.2K724.2K742.7K720.0K756.0K
Cash1.8M6.4M4.3M2.5M1.1M1.5M
Non Current Assets Total12.0M19.3M33.3M36.9M50.4M52.9M
Cash And Short Term Investments1.8M6.4M4.3M2.5M1.1M1.5M
Common Stock Shares Outstanding173.3M247.3M377.1M420.4M523.1M549.3M
Liabilities And Stockholders Equity14.1M26.2M38.1M39.9M52.9M55.6M
Total Liab511.0K1.3M2.2M2.0M14.0M14.7M
Total Current Assets2.1M6.9M4.8M3.0M2.6M1.7M
Retained Earnings(9.5M)(10.7M)(12.0M)(13.5M)(15.7M)(14.9M)
Net Receivables161.5K340.0K298.2K136.7K1.2M1.2M
Other Stockholder Equity2.5M2.2M2.8M2.2M2.0M2.2M
Property Plant And Equipment Net12.0M18.7M33.2M36.8M11.3M13.0M
Other Current Liab47.6K203.6K223.3K102.7K887.4K931.8K
Accumulated Other Comprehensive Income2.5M2.2M2.8M2.2M2.7M1.7M
Net Tangible Assets13.6M24.9M35.9M37.9M43.6M45.7M
Common Stock20.6M33.4M45.1M49.2M52.0M54.6M
Property Plant Equipment12.0M18.7M33.2M36.8M42.3M44.5M
Other Current Assets120.2K116.3K141.6K137.8K349.9K367.4K
Non Currrent Assets Other12.0M576.0K119.9K111.7K38.8M40.8M
Net Invested Capital13.6M24.9M35.9M37.9M44.2M27.2M
Net Working Capital1.6M5.6M3.6M2.1M1.6M2.6M
Capital Stock20.6M33.4M45.1M49.2M52.0M39.5M

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