Mind Non Current Liabilities Total vs Total Current Liabilities Analysis

MIND Stock  USD 8.60  0.18  2.05%   
Mind Technology financial indicator trend analysis is infinitely more than just investigating Mind Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mind Technology is a good investment. Please check the relationship between Mind Technology Non Current Liabilities Total and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.

Non Current Liabilities Total vs Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mind Technology Non Current Liabilities Total account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mind Technology's Non Current Liabilities Total and Total Current Liabilities is 0.5. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Mind Technology, assuming nothing else is changed. The correlation between historical values of Mind Technology's Non Current Liabilities Total 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 Non Current Liabilities Total of Mind Technology 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 Non Current Liabilities Total i.e., Mind Technology's Non Current Liabilities Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.5
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Liabilities Total

Total Current Liabilities

Total Current Liabilities is an item on Mind Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mind Technology 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 Mind Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mind Technology 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 Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.At present, Mind Technology's Tax Provision is projected to decrease significantly based on the last few years of reporting.
 2022 2023 2024 2025 (projected)
Total Operating Expenses20.6M14.3M16.4M20.4M
Cost Of Revenue22.1M21.7M25.0M29.4M

Mind Technology fundamental ratios Correlations

0.80.120.560.990.990.40.860.810.70.99-0.740.730.950.190.84-0.220.280.820.930.00.510.990.09-0.13-0.31
0.80.150.410.760.790.830.730.530.290.82-0.60.310.760.080.97-0.050.130.860.690.110.520.79-0.01-0.13-0.21
0.120.150.780.050.10.18-0.160.30.010.08-0.14-0.010.260.430.210.380.420.460.26-0.030.330.12-0.220.46-0.37
0.560.410.780.50.540.160.250.710.50.51-0.440.480.710.430.50.120.480.780.70.040.440.550.010.24-0.52
0.990.760.050.50.990.340.870.780.720.99-0.750.750.930.170.79-0.240.260.760.920.00.470.980.13-0.15-0.29
0.990.790.10.540.990.40.890.830.691.0-0.70.720.940.120.84-0.290.20.810.9-0.080.481.00.05-0.19-0.22
0.40.830.180.160.340.40.430.11-0.280.44-0.33-0.260.36-0.070.730.12-0.050.590.230.190.350.4-0.06-0.11-0.03
0.860.73-0.160.250.870.890.430.630.510.9-0.590.550.79-0.290.74-0.56-0.210.620.650.030.260.870.2-0.540.17
0.810.530.30.710.780.830.110.630.770.79-0.520.780.840.150.68-0.30.230.770.8-0.320.410.83-0.15-0.1-0.22
0.70.290.010.50.720.69-0.280.510.770.66-0.430.990.730.250.42-0.330.310.520.81-0.260.320.70.0-0.03-0.33
0.990.820.080.510.991.00.440.90.790.66-0.730.690.940.110.85-0.270.20.80.890.00.470.990.1-0.2-0.23
-0.74-0.6-0.14-0.44-0.75-0.7-0.33-0.59-0.52-0.43-0.73-0.47-0.7-0.25-0.58-0.07-0.4-0.57-0.72-0.36-0.41-0.67-0.28-0.010.45
0.730.31-0.010.480.750.72-0.260.550.780.990.69-0.470.740.230.44-0.340.30.520.81-0.230.330.730.02-0.06-0.31
0.950.760.260.710.930.940.360.790.840.730.94-0.70.740.160.83-0.260.240.90.94-0.030.510.940.06-0.17-0.33
0.190.080.430.430.170.12-0.07-0.290.150.250.11-0.250.230.160.070.790.970.210.440.050.360.14-0.060.91-0.9
0.840.970.210.50.790.840.730.740.680.420.85-0.580.440.830.07-0.130.130.920.75-0.070.560.84-0.15-0.14-0.2
-0.22-0.050.380.12-0.24-0.290.12-0.56-0.3-0.33-0.27-0.07-0.34-0.260.79-0.130.77-0.08-0.040.320.09-0.290.020.86-0.71
0.280.130.420.480.260.2-0.05-0.210.230.310.2-0.40.30.240.970.130.770.270.510.160.410.210.030.86-0.95
0.820.860.460.780.760.810.590.620.770.520.8-0.570.520.90.210.92-0.080.270.83-0.060.590.82-0.13-0.03-0.36
0.930.690.260.70.920.90.230.650.80.810.89-0.720.810.940.440.75-0.040.510.83-0.040.590.910.040.1-0.56
0.00.11-0.030.040.0-0.080.190.03-0.32-0.260.0-0.36-0.23-0.030.05-0.070.320.16-0.06-0.04-0.08-0.10.820.03-0.24
0.510.520.330.440.470.480.350.260.410.320.47-0.410.330.510.360.560.090.410.590.59-0.080.49-0.180.29-0.42
0.990.790.120.550.981.00.40.870.830.70.99-0.670.730.940.140.84-0.290.210.820.91-0.10.490.03-0.17-0.23
0.09-0.01-0.220.010.130.05-0.060.2-0.150.00.1-0.280.020.06-0.06-0.150.020.03-0.130.040.82-0.180.03-0.15-0.07
-0.13-0.130.460.24-0.15-0.19-0.11-0.54-0.1-0.03-0.2-0.01-0.06-0.170.91-0.140.860.86-0.030.10.030.29-0.17-0.15-0.71
-0.31-0.21-0.37-0.52-0.29-0.22-0.030.17-0.22-0.33-0.230.45-0.31-0.33-0.9-0.2-0.71-0.95-0.36-0.56-0.24-0.42-0.23-0.07-0.71
Click cells to compare fundamentals

Mind Technology Account Relationship Matchups

Mind Technology fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets39.8M42.0M32.9M33.5M38.5M36.6M
Short Long Term Debt Total2.3M1.8M1.7M1.3M1.5M1.4M
Other Current Liab3.3M5.8M3.2M5.6M6.4M3.5M
Total Current Liabilities7.8M10.7M8.7M10.3M11.8M11.8M
Total Stockholder Equity30.4M30.3M23.1M22.6M26.0M24.7M
Property Plant And Equipment Net6.2M6.1M5.7M2.1M2.5M2.3M
Net Debt(2.3M)(3.3M)971K(4.0M)(4.6M)(4.3M)
Retained Earnings(99.9M)(117.9M)(127.6M)(128.3M)(115.5M)(109.7M)
Accounts Payable1.7M2.0M2.5M1.6M1.5M1.4M
Cash4.6M5.1M778K5.3M6.1M8.0M
Non Current Assets Total13.0M12.8M10.6M5.2M5.9M5.6M
Non Currrent Assets Other832K1.5M650K4.3M3.9M4.1M
Cash And Short Term Investments4.6M5.1M778K5.3M4.8M6.4M
Net Receivables4.7M8.1M4.0M6.6M7.6M14.1M
Common Stock Shares Outstanding1.3M1.4M1.4M1.4M1.6M1.1M
Liabilities And Stockholders Equity39.8M42.0M32.9M33.5M38.5M36.6M
Non Current Liabilities Total1.5M1.1M1.1M573K659.0K626.0K
Inventory11.5M14.0M15.3M13.4M15.4M7.7M
Other Stockholder Equity111.4M112.1M112.9M113.1M130.1M85.8M
Total Liab9.3M11.8M9.8M10.9M12.5M18.5M
Total Current Assets26.8M29.2M22.2M28.3M32.6M34.3M
Short Term Debt2.0M1.7M1.8M751K863.7K820.5K
Other Current Assets6.0M2.0M2.1M3.1M2.8M2.5M
Property Plant And Equipment Gross6.2M6.1M5.7M11.5M10.3M9.8M
Accumulated Other Comprehensive Income(4.4M)(4.4M)(1.9M)34K39.1K41.1K
Property Plant Equipment13.8M4.8M6.1M5.7M5.1M4.9M
Current Deferred Revenue208K232K164K203K182.7K173.6K
Intangible Assets6.8M6.0M4.9M2.9M3.3M6.3M
Other Liab1.2M198K92K298K268.2K254.8K
Net Tangible Assets14.9M562K(13.5M)(19.7M)(17.7M)(16.8M)

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When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
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Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mind Technology. If investors know Mind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
6
Revenue Per Share
18.596
Quarterly Revenue Growth
1.434
Return On Assets
0.1205
Return On Equity
0.1954
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.