Mineral Long Term Debt vs Retained Earnings Analysis

MIN Stock   35.10  0.70  1.96%   
Mineral Resources financial indicator trend analysis is infinitely more than just investigating Mineral Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mineral Resources is a good investment. Please check the relationship between Mineral Resources Long Term Debt and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mineral Resources. 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.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mineral Resources Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mineral Resources' Long Term Debt and Retained Earnings is 0.82. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Mineral Resources, assuming nothing else is changed. The correlation between historical values of Mineral Resources' Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Mineral Resources are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Mineral Resources' Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Long Term Debt

Long-term debt is a debt that Mineral Resources has held for over one year. Long-term debt appears on Mineral Resources 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 Mineral Resources 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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Mineral Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mineral Resources 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 Mineral Resources. 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 gain to about 1.5 B in 2024, despite the fact that Tax Provision is likely to grow to (8.6 M).
 2021 2022 2023 2024 (projected)
Interest Expense123.4M233.2M262M275.1M
Depreciation And Amortization352.2M450.4M628M659.4M

Mineral Resources fundamental ratios Correlations

0.990.890.970.940.870.950.730.890.890.960.560.980.790.170.980.560.98-0.730.310.440.990.930.320.990.98
0.990.90.960.880.830.960.730.930.830.970.490.980.780.161.00.490.99-0.690.230.361.00.940.321.00.98
0.890.90.940.720.610.950.580.940.630.950.20.930.58-0.050.90.210.93-0.530.230.370.90.880.20.930.94
0.970.960.940.860.760.980.730.920.80.990.410.990.680.060.950.410.96-0.640.280.410.960.910.20.980.98
0.940.880.720.860.920.80.660.680.990.830.760.880.810.280.870.750.86-0.780.440.540.880.840.380.880.85
0.870.830.610.760.920.730.660.620.930.760.760.80.720.270.820.750.8-0.740.370.450.820.740.360.810.79
0.950.960.950.980.80.730.690.970.720.990.290.990.62-0.020.950.290.98-0.60.250.390.960.90.170.980.99
0.730.730.580.730.660.660.690.620.650.710.50.720.610.150.720.490.7-0.350.040.130.760.630.020.730.72
0.890.930.940.920.680.620.970.620.590.960.140.940.63-0.110.930.140.95-0.530.140.280.930.910.270.940.95
0.890.830.630.80.990.930.720.650.590.760.830.810.780.350.820.830.8-0.780.390.470.820.760.360.820.79
0.960.970.950.990.830.760.990.710.960.760.340.990.68-0.020.960.340.98-0.630.240.380.970.920.210.981.0
0.560.490.20.410.760.760.290.50.140.830.340.420.620.690.491.00.42-0.60.320.320.480.380.240.460.38
0.980.980.930.990.880.80.990.720.940.810.990.420.70.070.970.420.99-0.670.280.410.980.920.220.991.0
0.790.780.580.680.810.720.620.610.630.780.680.620.70.190.790.610.73-0.630.160.260.780.860.650.750.71
0.170.16-0.050.060.280.27-0.020.15-0.110.35-0.020.690.070.190.160.70.06-0.310.190.160.140.0-0.060.120.02
0.981.00.90.950.870.820.950.720.930.820.960.490.970.790.160.490.99-0.690.220.351.00.940.340.990.98
0.560.490.210.410.750.750.290.490.140.830.341.00.420.610.70.490.41-0.590.330.330.480.380.240.450.38
0.980.990.930.960.860.80.980.70.950.80.980.420.990.730.060.990.41-0.650.260.390.990.930.260.990.99
-0.73-0.69-0.53-0.64-0.78-0.74-0.6-0.35-0.53-0.78-0.63-0.6-0.67-0.63-0.31-0.69-0.59-0.65-0.27-0.33-0.67-0.65-0.49-0.68-0.64
0.310.230.230.280.440.370.250.040.140.390.240.320.280.160.190.220.330.26-0.270.970.220.280.170.250.25
0.440.360.370.410.540.450.390.130.280.470.380.320.410.260.160.350.330.39-0.330.970.350.420.210.380.39
0.991.00.90.960.880.820.960.760.930.820.970.480.980.780.141.00.480.99-0.670.220.350.940.291.00.99
0.930.940.880.910.840.740.90.630.910.760.920.380.920.860.00.940.380.93-0.650.280.420.940.520.940.93
0.320.320.20.20.380.360.170.020.270.360.210.240.220.65-0.060.340.240.26-0.490.170.210.290.520.280.24
0.991.00.930.980.880.810.980.730.940.820.980.460.990.750.120.990.450.99-0.680.250.381.00.940.280.99
0.980.980.940.980.850.790.990.720.950.791.00.381.00.710.020.980.380.99-0.640.250.390.990.930.240.99
Click cells to compare fundamentals

Mineral Resources Account Relationship Matchups

Mineral Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6B5.7B7.6B8.4B12.2B12.8B
Short Long Term Debt Total1.3B1.3B3.1B3.2B5.3B5.6B
Other Current Liab88.8M78.6M132.9M213.2M493M517.7M
Total Current Liabilities924.3M984.4M896.4M1.3B2.5B2.6B
Total Stockholder Equity2.3B3.2B3.2B3.5B3.5B3.7B
Other Liab220.8M517.8M642M479.8M551.8M579.4M
Property Plant And Equipment Net1.7B2.4B3.0B3.5B8.8B9.3B
Current Deferred Revenue13.2M24.5M47.5M30.2M84M88.2M
Net Debt(231.1M)(280.2M)697.5M1.9B4.4B4.6B
Retained Earnings1.7B2.7B2.7B2.5B2.5B2.6B
Accounts Payable305.9M557.3M575.6M821M1.7B1.8B
Cash1.5B1.5B2.4B1.4B908M617.2M
Non Current Assets Total2.7B3.7B4.3B4.9B9.6B10.1B
Non Currrent Assets Other165.9M96M421.7M984.6M439M461.0M
Other Assets826.5M1.0816M69.9M80.4M76.4M
Long Term Debt1.0B920.2M2.8B2.9B4.6B4.9B
Cash And Short Term Investments1.5B1.5B2.4B1.4B908M628.8M
Net Receivables177.5M331.3M557.9M576M1.0B1.1B
Common Stock Shares Outstanding188.3M188.6M188.9M192.7M197.5M191.8M
Liabilities And Stockholders Equity4.6B5.7B7.6B8.4B12.2B12.8B
Non Current Liabilities Total1.4B1.5B3.4B3.6B6.2B6.5B
Inventory155.6M122.6M252.6M606.4M607M637.4M
Other Current Assets38.8M74.9M108.5M913M98M117.9M
Total Liab2.3B2.5B4.3B4.9B8.6B9.1B
Property Plant And Equipment Gross1.8B3.3B4.5B5.6B10.6B11.1B
Total Current Assets1.9B2.0B3.3B3.5B2.6B2.8B
Accumulated Other Comprehensive Income10.1M15.7M28.9M69.4M132M138.6M
Short Term Debt100.5M157.3M129.2M136M255M267.8M
Intangible Assets47.9M36.7M24.9M22.5M8M7.6M
Common Stock526.6M535.9M558.3M969.4M1.0B1.1B
Property Plant Equipment1.8B2.6B3.6B4.5B5.2B5.5B
Net Tangible Assets2.2B3.2B3.2B3.5B4.0B2.1B
Other Stockholder Equity(10.3M)(21.4M)(53.8M)(82.5M)(95M)(90.3M)
Long Term Investments42.3M388.2M160.7M302M249M141.4M
Short Long Term Debt1.2M26.4M14.2M243M218.7M229.6M
Long Term Debt Total1.2B1.1B3.0B3.1B3.6B3.8B
Capital Lease Obligations282.8M315.3M310M316.7M454M266.5M

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