Mineral Net Borrowings vs Free Cash Flow 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 Net Borrowings and its Free Cash Flow 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.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mineral Resources Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mineral Resources' Net Borrowings and Free Cash Flow is -0.14. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow 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' Net Borrowings and Free Cash Flow 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 Borrowings of Mineral Resources are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Mineral Resources' Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
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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