MEI Net Working Capital vs Net Debt Analysis

MEIP Stock  USD 2.55  0.15  5.56%   
MEI Pharma financial indicator trend analysis is infinitely more than just investigating MEI Pharma recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MEI Pharma is a good investment. Please check the relationship between MEI Pharma Net Working Capital and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEI Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in MEI Stock, please use our How to Invest in MEI Pharma guide.

Net Working Capital vs Net Debt

Net Working Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEI Pharma Net Working Capital account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between MEI Pharma's Net Working Capital and Net Debt is 0.16. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of MEI Pharma, assuming nothing else is changed. The correlation between historical values of MEI Pharma's Net Working Capital 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 Net Working Capital of MEI Pharma 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 Net Working Capital i.e., MEI Pharma's Net Working Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.16
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Working Capital

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 MEI Pharma's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MEI Pharma 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 MEI Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in MEI Stock, please use our How to Invest in MEI Pharma guide.At this time, MEI Pharma's Selling General Administrative is relatively stable compared to the past year. As of 12/16/2024, Enterprise Value Over EBITDA is likely to grow to 0.61, while Issuance Of Capital Stock is likely to drop 0.00.

MEI Pharma fundamental ratios Correlations

0.760.930.650.250.730.051.00.60.710.660.961.0-0.620.990.130.950.620.610.590.270.640.11-0.740.730.11
0.760.850.320.460.86-0.030.730.790.920.820.790.73-0.840.730.460.760.880.880.890.610.320.13-0.860.840.13
0.930.850.420.460.86-0.090.910.730.770.720.950.91-0.720.920.230.930.770.760.750.460.410.0-0.830.790.0
0.650.320.42-0.20.20.180.680.20.180.380.420.68-0.270.650.060.41-0.03-0.02-0.06-0.160.970.58-0.340.460.58
0.250.460.46-0.20.47-0.860.230.580.380.490.340.23-0.540.330.30.310.420.40.470.56-0.16-0.48-0.580.48-0.48
0.730.860.860.20.47-0.060.710.740.780.730.80.7-0.760.720.330.770.830.830.830.570.2-0.01-0.810.77-0.01
0.05-0.03-0.090.18-0.86-0.060.05-0.310.06-0.230.030.040.26-0.07-0.210.050.10.120.04-0.310.130.470.29-0.220.47
1.00.730.910.680.230.710.050.570.670.650.941.0-0.60.990.120.940.580.580.550.240.670.14-0.720.720.14
0.60.790.730.20.580.74-0.310.570.720.960.590.58-0.980.570.750.550.620.610.710.90.280.12-0.970.890.12
0.710.920.770.180.380.780.060.670.720.710.780.67-0.740.660.380.770.870.870.880.560.18-0.03-0.750.71-0.03
0.660.820.720.380.490.73-0.230.650.960.710.60.64-0.990.620.790.560.580.570.650.810.460.29-0.970.920.29
0.960.790.950.420.340.80.030.940.590.780.60.95-0.60.950.081.00.750.740.710.330.4-0.09-0.720.7-0.09
1.00.730.910.680.230.70.041.00.580.670.640.95-0.60.990.120.940.570.570.540.240.670.12-0.720.720.12
-0.62-0.84-0.72-0.27-0.54-0.760.26-0.6-0.98-0.74-0.99-0.6-0.6-0.59-0.8-0.56-0.63-0.63-0.71-0.86-0.34-0.210.97-0.92-0.21
0.990.730.920.650.330.72-0.070.990.570.660.620.950.99-0.590.060.940.570.570.540.230.620.03-0.720.730.03
0.130.460.230.060.30.33-0.210.120.750.380.790.080.12-0.80.060.040.250.240.370.790.180.38-0.650.590.38
0.950.760.930.410.310.770.050.940.550.770.561.00.94-0.560.940.040.740.730.70.290.39-0.11-0.680.66-0.11
0.620.880.77-0.030.420.830.10.580.620.870.580.750.57-0.630.570.250.741.00.990.58-0.03-0.08-0.660.58-0.08
0.610.880.76-0.020.40.830.120.580.610.870.570.740.57-0.630.570.240.731.00.990.56-0.02-0.06-0.650.58-0.06
0.590.890.75-0.060.470.830.040.550.710.880.650.710.54-0.710.540.370.70.990.990.69-0.04-0.06-0.730.63-0.06
0.270.610.46-0.160.560.57-0.310.240.90.560.810.330.24-0.860.230.790.290.580.560.69-0.060.05-0.790.670.05
0.640.320.410.97-0.160.20.130.670.280.180.460.40.67-0.340.620.180.39-0.03-0.02-0.04-0.060.61-0.40.440.61
0.110.130.00.58-0.48-0.010.470.140.12-0.030.29-0.090.12-0.210.030.38-0.11-0.08-0.06-0.060.050.61-0.140.211.0
-0.74-0.86-0.83-0.34-0.58-0.810.29-0.72-0.97-0.75-0.97-0.72-0.720.97-0.72-0.65-0.68-0.66-0.65-0.73-0.79-0.4-0.14-0.93-0.14
0.730.840.790.460.480.77-0.220.720.890.710.920.70.72-0.920.730.590.660.580.580.630.670.440.21-0.930.21
0.110.130.00.58-0.48-0.010.470.140.12-0.030.29-0.090.12-0.210.030.38-0.11-0.08-0.06-0.060.050.611.0-0.140.21
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MEI Pharma Account Relationship Matchups

MEI Pharma fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets209.7M174.1M177.8M120.8M41.4M62.7M
Other Current Liab6.1M7.5M9.9M11.0M5.2M3.9M
Total Current Liabilities23.3M30.3M24.4M20.3M8.4M8.3M
Total Stockholder Equity78.2M41.4M52.4M24.6M33.0M32.7M
Net Debt(12.3M)(245K)(6.1M)(4.2M)(3.7M)(3.9M)
Accounts Payable2.4M6.4M7.9M6.1M3.2M2.2M
Cash12.3M8.5M15.7M16.9M3.7M3.5M
Cash And Short Term Investments182.6M153.4M153.3M100.7M38.3M57.3M
Common Stock Shares Outstanding4.6M5.7M6.3M6.7M6.7M7.0M
Liabilities And Stockholders Equity209.7M174.1M177.8M120.8M41.4M62.7M
Other Current Assets5.6M3.8M7.7M11.3M2.4M1.9M
Other Stockholder Equity355.5M369.2M426.6M430.6M421.2M442.3M
Total Liab131.5M132.7M125.4M96.2M8.4M7.9M
Total Current Assets208.6M164.8M167.1M107.5M40.8M60.9M
Retained Earnings(277.2M)(327.8M)(374.2M)(406.0M)(388.2M)(368.8M)
Short Term Investments170.3M144.9M137.5M83.8M34.6M32.9M
Non Current Liabilities Total46.3M20.4M108.2M102.4M101.0M75.8M
Property Plant And Equipment Net1.1M9.3M10.7M13.3M606K575.7K
Non Current Assets Total1.1M9.3M10.7M13.3M606K575.7K
Property Plant And Equipment Gross1.1M9.3M11.4M14.3M2.4M2.9M
Property Plant Equipment1.1M9.3M10.7M13.3M15.3M16.0M
Net Tangible Assets78.2M41.4M52.4M24.6M28.3M48.6M
Retained Earnings Total Equity(214.4M)(231.2M)(277.2M)(327.8M)(295.0M)(309.8M)
Capital Surpluse264.9M279.1M355.5M369.2M424.5M255.0M
Non Currrent Assets Other(1.1M)(9.3M)(10.7M)(13.3M)(12.0M)(11.4M)
Current Deferred Revenue14.8M14.6M4.8M317K364.6K346.3K
Net Invested Capital78.2M41.4M52.4M24.6M33.0M37.9M
Net Working Capital185.3M134.5M142.7M87.2M32.4M30.8M
Other Liab108.2M95.1M92.2M64.5M74.2M78.2M
Net Receivables20.4M7.6M10.0M85K76.5K72.7K

Pair Trading with MEI Pharma

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 MEI Pharma 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 MEI Pharma will appreciate offsetting losses from the drop in the long position's value.

Moving against MEI Stock

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The ability to find closely correlated positions to MEI Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEI Pharma 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 MEI Pharma - 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 MEI Pharma to buy it.
The correlation of MEI Pharma 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 MEI Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEI Pharma 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 MEI Pharma 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 CorrelationCorrelation Matching

Additional Tools for MEI Stock Analysis

When running MEI Pharma's price analysis, check to measure MEI Pharma'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 MEI Pharma is operating at the current time. Most of MEI Pharma's value examination focuses on studying past and present price action to predict the probability of MEI Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEI Pharma's price. Additionally, you may evaluate how the addition of MEI Pharma to your portfolios can decrease your overall portfolio volatility.