Mene Accounts Payable vs Total Current Assets Analysis

MENE Stock

CAD 0.13 0.00 0.00%

Mene financial indicator trend analysis is infinitely more than just investigating Mene Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mene Inc is a good investment. Please check the relationship between Mene Accounts Payable and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mene Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mene Inc Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mene's Accounts Payable and Total Current Assets is 0.7. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Mene Inc, assuming nothing else is changed. The correlation between historical values of Mene's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Mene Inc are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., Mene's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.7

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Mene obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mene Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Mene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mene Inc 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 Mene Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Mene's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.25 in 2025, despite the fact that Enterprise Value Over EBITDA is likely to grow to (43.28).

	2022	2024	2025 (projected)
Other Operating Expenses	27.2M	31.3M	32.9M
Interest Expense	333.2K	433.1K	683.8K

Other Operating Expenses Interest Expense

Mene fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Other Current Assets	Other Stockholder Equity	Property Plant And Equipment Net	Non Currrent Assets Other	Net Receivables	Net Tangible Assets	Long Term Debt	Inventory
Total Assets		0.63	-0.29	0.72	0.82	0.78	0.6	0.7	0.02	0.88	0.8	0.79	0.62	0.91	0.97	0.24	-0.08	0.69	0.89	0.03	-0.12	0.83	0.77	0.46	0.86	0.86
Short Long Term Debt Total	0.63		0.05	0.49	0.34	0.53	-0.08	0.61	-0.02	0.66	0.39	0.55	0.6	0.72	0.61	0.53	0.35	0.23	0.52	0.0	-0.03	0.41	0.55	0.01	0.48	0.39
Other Current Liab	-0.29	0.05		0.14	-0.3	-0.22	-0.4	0.08	0.17	-0.26	-0.19	-0.52	-0.48	-0.19	-0.31	-0.02	0.21	-0.21	-0.34	0.15	0.15	-0.26	-0.63	-0.5	-0.08	-0.25
Total Current Liabilities	0.72	0.49	0.14		0.44	0.48	0.31	0.5	-0.06	0.51	0.57	0.45	0.1	0.79	0.71	0.43	-0.08	0.42	0.56	-0.06	-0.2	0.57	0.24	-0.09	0.66	0.79
Total Stockholder Equity	0.82	0.34	-0.3	0.44		0.83	0.6	0.7	0.23	0.8	0.91	0.49	0.35	0.55	0.81	0.17	0.08	0.96	0.9	0.18	0.03	0.92	0.58	0.75	0.85	0.81
Net Debt	0.78	0.53	-0.22	0.48	0.83		0.52	0.82	-0.13	0.94	0.93	0.58	0.46	0.65	0.85	0.2	-0.03	0.82	0.95	-0.13	-0.28	0.93	0.69	0.61	0.87	0.74
Retained Earnings	0.6	-0.08	-0.4	0.31	0.6	0.52		0.42	0.03	0.56	0.54	0.49	0.41	0.49	0.6	-0.39	-0.73	0.49	0.6	0.09	-0.08	0.57	0.57	0.44	0.51	0.55
Cash	0.7	0.61	0.08	0.5	0.7	0.82	0.42		-0.15	0.86	0.84	0.31	0.42	0.64	0.77	0.15	-0.01	0.67	0.82	-0.1	-0.3	0.83	0.52	0.41	0.83	0.69
Non Current Assets Total	0.02	-0.02	0.17	-0.06	0.23	-0.13	0.03	-0.15		-0.17	-0.12	-0.15	-0.15	-0.15	-0.18	0.12	0.27	0.21	-0.15	0.94	0.97	-0.13	-0.21	-0.07	-0.14	-0.13
Cash And Short Term Investments	0.88	0.66	-0.26	0.51	0.8	0.94	0.56	0.86	-0.17		0.87	0.73	0.7	0.81	0.93	0.1	-0.09	0.7	0.96	-0.15	-0.31	0.89	0.84	0.58	0.85	0.77
Common Stock Shares Outstanding	0.8	0.39	-0.19	0.57	0.91	0.93	0.54	0.84	-0.12	0.87		0.46	0.3	0.61	0.87	0.21	0.02	0.92	0.96	-0.15	-0.32	1.0	0.56	0.69	0.95	0.87
Short Term Investments	0.79	0.55	-0.52	0.45	0.49	0.58	0.49	0.31	-0.15	0.73	0.46		0.82	0.84	0.78	0.02	-0.22	0.31	0.67	-0.13	-0.2	0.51	0.89	0.36	0.49	0.58
Non Current Liabilities Total	0.62	0.6	-0.48	0.1	0.35	0.46	0.41	0.42	-0.15	0.7	0.3	0.82		0.69	0.62	-0.17	-0.22	0.14	0.55	-0.07	-0.13	0.36	0.93	0.34	0.31	0.32
Total Liab	0.91	0.72	-0.19	0.79	0.55	0.65	0.49	0.64	-0.15	0.81	0.61	0.84	0.69		0.91	0.2	-0.2	0.4	0.76	-0.11	-0.25	0.65	0.75	0.16	0.68	0.79
Total Current Assets	0.97	0.61	-0.31	0.71	0.81	0.85	0.6	0.77	-0.18	0.93	0.87	0.78	0.62	0.91		0.19	-0.13	0.7	0.95	-0.16	-0.33	0.89	0.79	0.5	0.88	0.92
Short Term Debt	0.24	0.53	-0.02	0.43	0.17	0.2	-0.39	0.15	0.12	0.1	0.21	0.02	-0.17	0.2	0.19		0.65	0.25	0.17	0.06	0.11	0.21	-0.05	-0.13	0.25	0.26
Common Stock	-0.08	0.35	0.21	-0.08	0.08	-0.03	-0.73	-0.01	0.27	-0.09	0.02	-0.22	-0.22	-0.2	-0.13	0.65		0.16	-0.06	0.14	0.27	-0.01	-0.24	0.1	0.03	-0.09
Accounts Payable	0.69	0.23	-0.21	0.42	0.96	0.82	0.49	0.67	0.21	0.7	0.92	0.31	0.14	0.4	0.7	0.25	0.16		0.84	0.15	0.0	0.91	0.41	0.73	0.83	0.76
Other Current Assets	0.89	0.52	-0.34	0.56	0.9	0.95	0.6	0.82	-0.15	0.96	0.96	0.67	0.55	0.76	0.95	0.17	-0.06	0.84		-0.16	-0.33	0.97	0.77	0.68	0.91	0.87
Other Stockholder Equity	0.03	0.0	0.15	-0.06	0.18	-0.13	0.09	-0.1	0.94	-0.15	-0.15	-0.13	-0.07	-0.11	-0.16	0.06	0.14	0.15	-0.16		0.93	-0.15	-0.15	-0.13	-0.15	-0.14
Property Plant And Equipment Net	-0.12	-0.03	0.15	-0.2	0.03	-0.28	-0.08	-0.3	0.97	-0.31	-0.32	-0.2	-0.13	-0.25	-0.33	0.11	0.27	0.0	-0.33	0.93		-0.33	-0.25	-0.19	-0.31	-0.33
Non Currrent Assets Other	0.83	0.41	-0.26	0.57	0.92	0.93	0.57	0.83	-0.13	0.89	1.0	0.51	0.36	0.65	0.89	0.21	-0.01	0.91	0.97	-0.15	-0.33		0.62	0.69	0.94	0.89
Net Receivables	0.77	0.55	-0.63	0.24	0.58	0.69	0.57	0.52	-0.21	0.84	0.56	0.89	0.93	0.75	0.79	-0.05	-0.24	0.41	0.77	-0.15	-0.25	0.62		0.55	0.54	0.55
Net Tangible Assets	0.46	0.01	-0.5	-0.09	0.75	0.61	0.44	0.41	-0.07	0.58	0.69	0.36	0.34	0.16	0.5	-0.13	0.1	0.73	0.68	-0.13	-0.19	0.69	0.55		0.59	0.46
Long Term Debt	0.86	0.48	-0.08	0.66	0.85	0.87	0.51	0.83	-0.14	0.85	0.95	0.49	0.31	0.68	0.88	0.25	0.03	0.83	0.91	-0.15	-0.31	0.94	0.54	0.59		0.84
Inventory	0.86	0.39	-0.25	0.79	0.81	0.74	0.55	0.69	-0.13	0.77	0.87	0.58	0.32	0.79	0.92	0.26	-0.09	0.76	0.87	-0.14	-0.33	0.89	0.55	0.46	0.84

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Mene Account Relationship Matchups

Mene fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.9M	29.7M	31.7M	18.2M	21.0M	12.4M
Short Long Term Debt Total	27.0M	20.2M	10.4M	12.4M	14.2M	11.4M
Other Current Liab	342.4K	364.6K	561.1K	54.7K	49.2K	51.7K
Total Current Liabilities	21.4M	12.1M	13.5M	1.6M	1.9M	3.1M
Total Stockholder Equity	11.5M	17.6M	17.5M	16.0M	18.4M	19.3M
Net Debt	14.1M	11.1M	2.9M	11.3M	13.0M	13.6M
Retained Earnings	(18.4M)	(18.5M)	(19.9M)	(21.9M)	(19.7M)	(20.7M)
Cash	9.1M	7.5M	1.1M	8.1M	9.3M	9.8M
Non Current Assets Total	1.2M	2.0M	3.2M	2.0M	1.8M	3.1M
Cash And Short Term Investments	29.1M	14.4M	8.9M	13.3M	15.3M	16.0M
Common Stock Shares Outstanding	244.3M	253.9M	258.6M	259.8M	298.8M	313.7M
Short Term Investments	5.3M	1.4M	12.2M	165.5K	190.3K	180.8K
Liabilities And Stockholders Equity	43.1M	32.9M	29.7M	31.7M	36.5M	38.3M
Total Liab	21.4M	12.1M	14.2M	2.2M	2.6M	4.6M
Total Current Assets	31.8M	27.7M	28.5M	16.2M	18.7M	19.6M
Short Term Debt	8.0M	20.2M	10.4M	11.6M	13.4M	9.9M
Common Stock	25.6M	25.6M	31.4M	32.0M	36.8M	31.1M
Accounts Payable	624.0K	856.4K	1.1M	1.2M	1.4M	1.4M
Other Current Assets	231.2K	203.3K	244.3K	216.8K	249.3K	261.8K
Other Stockholder Equity	5.3M	5.4M	5.3M	5.4M	4.8M	8.5M
Property Plant And Equipment Net	621.7K	485.8K	1.8M	1.5M	1.3M	1.3M
Accumulated Other Comprehensive Income	(693.0K)	(1.1M)	(614.6K)	(3.1K)	(2.8K)	(2.7K)
Net Receivables	100.4K	49.8K	127.6K	102.6K	117.9K	94.3K
Net Tangible Assets	15.1M	10.9M	16.1M	16.1M	18.5M	16.5M
Inventory	17.0M	18.5M	14.9M	7.6M	8.7M	13.7M
Net Invested Capital	31.7M	28.0M	28.9M	16.0M	18.4M	27.9M
Net Working Capital	10.3M	15.6M	15.0M	14.6M	13.2M	13.6M
Intangible Assets	562.1K	1.5M	1.4M	504.2K	579.8K	631.6K
Property Plant Equipment	745.3K	621.7K	485.8K	1.8M	2.1M	2.2M
Short Long Term Debt	8.0M	20.2M	10.4M	11.5M	13.2M	13.7M
Capital Stock	25.6M	31.4M	32.0M	32.1M	36.9M	31.4M
Property Plant And Equipment Gross	1.1M	1.1M	2.7M	2.6M	3.0M	1.9M

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