Mineral Total Liab vs Total Current Liabilities 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 Total Liab and its Total Current Liabilities 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.

Total Liab vs Total Current Liabilities

Total Liab vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mineral Resources Total Liab account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mineral Resources' Total Liab and Total Current Liabilities is 0.98. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Current Liabilities 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' Total Liab and Total Current Liabilities 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 Mineral Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Liab i.e., Mineral Resources' Total Liab and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

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

Total Current Liabilities

Total Current Liabilities is an item on Mineral Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mineral Resources are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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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