Montage Total Liab vs Net Debt Analysis

MAU Stock

2.23 0.02 0.90%

Montage Gold financial indicator trend analysis is infinitely more than just investigating Montage Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Montage Gold Corp is a good investment. Please check the relationship between Montage Gold Total Liab and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Montage Gold 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.

Total Liab vs Net Debt

Total Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Montage Gold Corp Total Liab account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Montage Gold's Total Liab and Net Debt is -0.53. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of Montage Gold Corp, assuming nothing else is changed. The correlation between historical values of Montage Gold's Total Liab and Net 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 Total Liab of Montage Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Liab i.e., Montage Gold's Total Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Montage Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Montage Gold 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 Montage Gold 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.

Discontinued Operations is likely to drop to about (402.9 K) in 2024. Selling General Administrative is likely to drop to about 4 M in 2024

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	181.0K	191.0K	219.6K	153.6K
Interest Income	19.4K	329.6K	526.2K	552.5K

Depreciation And Amortization Interest Income

Montage Gold fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Other Stockholder Equity	Total Current Assets	Property Plant Equipment	Total Assets	Other Current Liab	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock	Net Working Capital	Common Stock
Total Current Liabilities		0.92	-0.67	0.94	-0.78	-0.91	0.84	0.9	0.9	0.87	0.9	0.66	-0.48	0.46	0.66	-0.49	-0.73	0.52	0.72	0.92	0.94	0.9	0.66	0.81	0.47	0.81
Net Tangible Assets	0.92		-0.57	1.0	-0.79	-0.9	0.96	0.91	0.79	0.8	0.79	0.42	-0.68	0.66	0.42	-0.53	-0.59	0.71	0.67	0.92	0.83	0.79	0.43	0.69	0.67	0.68
Retained Earnings	-0.67	-0.57		-0.61	0.89	0.7	-0.35	-0.74	-0.76	-0.8	-0.76	-0.83	-0.09	0.13	-0.83	0.71	0.92	0.04	-0.95	-0.75	-0.61	-0.76	-0.84	-0.94	0.12	-0.91
Accounts Payable	0.94	1.0	-0.61		-0.81	-0.92	0.94	0.93	0.81	0.83	0.81	0.48	-0.64	0.61	0.48	-0.57	-0.65	0.66	0.72	0.94	0.84	0.81	0.48	0.74	0.62	0.73
Net Receivables	-0.78	-0.79	0.89	-0.81		0.89	-0.62	-0.9	-0.75	-0.78	-0.75	-0.66	0.15	-0.13	-0.66	0.7	0.79	-0.21	-0.85	-0.8	-0.66	-0.75	-0.67	-0.84	-0.14	-0.8
Other Stockholder Equity	-0.91	-0.9	0.7	-0.92	0.89		-0.78	-0.99	-0.73	-0.74	-0.73	-0.56	0.33	-0.3	-0.56	0.63	0.74	-0.36	-0.74	-0.82	-0.72	-0.73	-0.56	-0.76	-0.32	-0.75
Total Current Assets	0.84	0.96	-0.35	0.94	-0.62	-0.78		0.77	0.68	0.66	0.67	0.2	-0.83	0.83	0.2	-0.43	-0.38	0.87	0.45	0.84	0.79	0.67	0.21	0.49	0.84	0.48
Property Plant Equipment	0.9	0.91	-0.74	0.93	-0.9	-0.99	0.77		0.77	0.81	0.77	0.61	-0.33	0.29	0.61	-0.63	-0.78	0.36	0.81	0.86	0.73	0.77	0.62	0.82	0.31	0.81
Total Assets	0.9	0.79	-0.76	0.81	-0.75	-0.73	0.68	0.77		0.97	1.0	0.83	-0.39	0.36	0.83	-0.33	-0.72	0.42	0.8	0.9	0.95	1.0	0.83	0.9	0.35	0.89
Other Current Liab	0.87	0.8	-0.8	0.83	-0.78	-0.74	0.66	0.81	0.97		0.97	0.83	-0.38	0.32	0.83	-0.4	-0.77	0.38	0.89	0.92	0.87	0.97	0.83	0.94	0.32	0.94
Total Stockholder Equity	0.9	0.79	-0.76	0.81	-0.75	-0.73	0.67	0.77	1.0	0.97		0.84	-0.39	0.35	0.84	-0.33	-0.72	0.41	0.8	0.89	0.94	1.0	0.84	0.9	0.34	0.89
Property Plant And Equipment Net	0.66	0.42	-0.83	0.48	-0.66	-0.56	0.2	0.61	0.83	0.83	0.84		0.16	-0.21	1.0	-0.26	-0.8	-0.15	0.82	0.62	0.67	0.84	1.0	0.91	-0.22	0.91
Net Debt	-0.48	-0.68	-0.09	-0.64	0.15	0.33	-0.83	-0.33	-0.39	-0.38	-0.39	0.16		-0.99	0.16	0.04	-0.08	-0.99	-0.07	-0.55	-0.53	-0.39	0.16	-0.09	-0.99	-0.1
Cash	0.46	0.66	0.13	0.61	-0.13	-0.3	0.83	0.29	0.36	0.32	0.35	-0.21	-0.99		-0.21	-0.04	0.12	1.0	0.0	0.51	0.52	0.35	-0.21	0.04	1.0	0.04
Non Current Assets Total	0.66	0.42	-0.83	0.48	-0.66	-0.56	0.2	0.61	0.83	0.83	0.84	1.0	0.16	-0.21		-0.26	-0.8	-0.15	0.82	0.62	0.67	0.84	1.0	0.91	-0.22	0.91
Non Currrent Assets Other	-0.49	-0.53	0.71	-0.57	0.7	0.63	-0.43	-0.63	-0.33	-0.4	-0.33	-0.26	0.04	-0.04	-0.26		0.76	-0.11	-0.67	-0.62	-0.34	-0.33	-0.27	-0.57	-0.08	-0.54
Other Assets	-0.73	-0.59	0.92	-0.65	0.79	0.74	-0.38	-0.78	-0.72	-0.77	-0.72	-0.8	-0.08	0.12	-0.8	0.76		0.05	-0.94	-0.78	-0.62	-0.72	-0.8	-0.93	0.1	-0.93
Cash And Short Term Investments	0.52	0.71	0.04	0.66	-0.21	-0.36	0.87	0.36	0.42	0.38	0.41	-0.15	-0.99	1.0	-0.15	-0.11	0.05		0.08	0.58	0.58	0.41	-0.15	0.11	1.0	0.11
Common Stock Shares Outstanding	0.72	0.67	-0.95	0.72	-0.85	-0.74	0.45	0.81	0.8	0.89	0.8	0.82	-0.07	0.0	0.82	-0.67	-0.94	0.08		0.84	0.64	0.8	0.82	0.97	0.01	0.97
Other Current Assets	0.92	0.92	-0.75	0.94	-0.8	-0.82	0.84	0.86	0.9	0.92	0.89	0.62	-0.55	0.51	0.62	-0.62	-0.78	0.58	0.84		0.89	0.89	0.62	0.86	0.53	0.86
Total Liab	0.94	0.83	-0.61	0.84	-0.66	-0.72	0.79	0.73	0.95	0.87	0.94	0.67	-0.53	0.52	0.67	-0.34	-0.62	0.58	0.64	0.89		0.94	0.67	0.77	0.52	0.76
Net Invested Capital	0.9	0.79	-0.76	0.81	-0.75	-0.73	0.67	0.77	1.0	0.97	1.0	0.84	-0.39	0.35	0.84	-0.33	-0.72	0.41	0.8	0.89	0.94		0.84	0.9	0.34	0.89
Property Plant And Equipment Gross	0.66	0.43	-0.84	0.48	-0.67	-0.56	0.21	0.62	0.83	0.83	0.84	1.0	0.16	-0.21	1.0	-0.27	-0.8	-0.15	0.82	0.62	0.67	0.84		0.91	-0.22	0.91
Capital Stock	0.81	0.69	-0.94	0.74	-0.84	-0.76	0.49	0.82	0.9	0.94	0.9	0.91	-0.09	0.04	0.91	-0.57	-0.93	0.11	0.97	0.86	0.77	0.9	0.91		0.04	1.0
Net Working Capital	0.47	0.67	0.12	0.62	-0.14	-0.32	0.84	0.31	0.35	0.32	0.34	-0.22	-0.99	1.0	-0.22	-0.08	0.1	1.0	0.01	0.53	0.52	0.34	-0.22	0.04		0.05
Common Stock	0.81	0.68	-0.91	0.73	-0.8	-0.75	0.48	0.81	0.89	0.94	0.89	0.91	-0.1	0.04	0.91	-0.54	-0.93	0.11	0.97	0.86	0.76	0.89	0.91	1.0	0.05

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Montage Gold Account Relationship Matchups

Montage Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	863.4K	2.1M	1.1M	2.2M	1.2M	1.4M
Retained Earnings	(10.7M)	(21.1M)	(44.6M)	(54.3M)	(78.8M)	(74.8M)
Other Stockholder Equity	148.8K	667.8K	2.1M	2.0M	1.8M	1.7M
Total Current Assets	9.7M	33.7M	11.3M	9.4M	7.2M	13.1M

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