Mindteck Good Will vs Other Current Assets Analysis

MINDTECK   293.95  3.50  1.18%   
Mindteck financial indicator trend analysis is infinitely more than just investigating Mindteck Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindteck Limited is a good investment. Please check the relationship between Mindteck Good Will and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Good Will vs Other Current Assets

Good Will vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindteck Limited Good Will account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mindteck's Good Will and Other Current Assets is -0.58. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Mindteck Limited, assuming nothing else is changed. The correlation between historical values of Mindteck's Good Will and Other 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 Good Will of Mindteck Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Good Will i.e., Mindteck's Good Will and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Mindteck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindteck Limited 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 Mindteck Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At present, Mindteck's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense9.2M10.1M8.9M8.1M
Depreciation And Amortization50M45.2M44.5M38.0M

Mindteck fundamental ratios Correlations

-0.130.50.150.97-0.050.12-0.770.8-0.410.63-0.13-0.40.650.920.74-0.060.170.450.120.85-0.090.61-0.330.030.14
-0.13-0.430.43-0.280.620.170.26-0.550.210.19-0.44-0.090.080.02-0.160.550.08-0.020.620.150.81-0.04-0.490.15-0.15
0.5-0.430.260.48-0.18-0.3-0.450.46-0.530.260.14-0.360.230.480.55-0.38-0.130.450.090.32-0.290.380.00.090.01
0.150.430.26-0.060.35-0.1-0.28-0.110.320.51-0.66-0.060.520.1-0.07-0.010.45-0.260.920.460.45-0.07-0.520.43-0.27
0.97-0.280.48-0.06-0.190.11-0.720.86-0.490.520.03-0.360.540.880.76-0.150.070.5-0.110.74-0.220.61-0.18-0.070.2
-0.050.62-0.180.35-0.190.38-0.05-0.50.070.37-0.6-0.210.270.160.010.780.32-0.090.630.280.610.17-0.780.44-0.16
0.120.17-0.3-0.10.110.38-0.07-0.13-0.090.27-0.12-0.270.010.160.050.350.19-0.160.050.190.360.13-0.280.31-0.24
-0.770.26-0.45-0.28-0.72-0.05-0.07-0.710.3-0.850.270.29-0.74-0.57-0.540.16-0.43-0.1-0.2-0.710.1-0.510.38-0.13-0.37
0.8-0.550.46-0.110.86-0.5-0.13-0.71-0.330.330.2-0.190.470.620.54-0.370.090.37-0.250.47-0.510.480.14-0.130.26
-0.410.21-0.530.32-0.490.07-0.090.3-0.33-0.17-0.360.27-0.07-0.47-0.770.110.42-0.730.34-0.13-0.03-0.76-0.010.04-0.26
0.630.190.260.510.520.370.27-0.850.33-0.17-0.5-0.370.670.50.40.050.53-0.080.490.770.330.33-0.610.250.3
-0.13-0.440.14-0.660.03-0.6-0.120.270.2-0.36-0.5-0.26-0.71-0.13-0.06-0.18-0.750.42-0.68-0.62-0.62-0.020.88-0.590.27
-0.4-0.09-0.36-0.06-0.36-0.21-0.270.29-0.190.27-0.37-0.260.11-0.47-0.04-0.290.22-0.23-0.17-0.230.09-0.09-0.030.2-0.29
0.650.080.230.520.540.270.01-0.740.47-0.070.67-0.710.110.540.51-0.050.560.040.470.820.270.54-0.730.42-0.06
0.920.020.480.10.880.160.16-0.570.62-0.470.5-0.13-0.470.540.760.210.120.590.180.790.030.66-0.410.130.02
0.74-0.160.55-0.070.760.010.05-0.540.54-0.770.4-0.06-0.040.510.76-0.10.020.68-0.10.590.060.85-0.370.210.03
-0.060.55-0.38-0.01-0.150.780.350.16-0.370.110.05-0.18-0.29-0.050.21-0.10.070.060.380.050.30.1-0.390.14-0.03
0.170.08-0.130.450.070.320.19-0.430.090.420.53-0.750.220.560.120.020.07-0.540.450.520.24-0.08-0.580.67-0.2
0.45-0.020.45-0.260.5-0.09-0.16-0.10.37-0.73-0.080.42-0.230.040.590.680.06-0.54-0.210.1-0.080.760.06-0.170.01
0.120.620.090.92-0.110.630.05-0.2-0.250.340.49-0.68-0.170.470.18-0.10.380.45-0.210.440.54-0.02-0.630.45-0.26
0.850.150.320.460.740.280.19-0.710.47-0.130.77-0.62-0.230.820.790.590.050.520.10.440.270.42-0.720.31-0.02
-0.090.81-0.290.45-0.220.610.360.1-0.51-0.030.33-0.620.090.270.030.060.30.24-0.080.540.270.14-0.650.39-0.22
0.61-0.040.38-0.070.610.170.13-0.510.48-0.760.33-0.02-0.090.540.660.850.1-0.080.76-0.020.420.14-0.370.230.0
-0.33-0.490.0-0.52-0.18-0.78-0.280.380.14-0.01-0.610.88-0.03-0.73-0.41-0.37-0.39-0.580.06-0.63-0.72-0.65-0.37-0.590.24
0.030.150.090.43-0.070.440.31-0.13-0.130.040.25-0.590.20.420.130.210.140.67-0.170.450.310.390.23-0.59-0.58
0.14-0.150.01-0.270.2-0.16-0.24-0.370.26-0.260.30.27-0.29-0.060.020.03-0.03-0.20.01-0.26-0.02-0.220.00.24-0.58
Click cells to compare fundamentals

Mindteck Account Relationship Matchups

Mindteck fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.1B2.3B2.4B2.8B2.2B
Other Current Liab173.2M181.8M222.2M250.2M295.9M228.6M
Total Current Liabilities373.8M585.8M456.5M463.5M498.1M457.9M
Total Stockholder Equity1.3B1.4B1.8B1.9B2.2B1.7B
Property Plant And Equipment Net145.1M88.2M93M70.5M40.4M53.8M
Current Deferred Revenue196.3M149.8M160.7M172M23.7M22.5M
Net Debt(163M)(245.9M)(424.2M)(358M)(451.3M)(428.7M)
Retained Earnings(200.5M)(89.7M)246.6M404.6M655.1M687.9M
Accounts Payable128.4M135M183.2M155.9M164.1M137.7M
Cash290.6M506M502.8M414.3M473.4M293.0M
Non Current Assets Total707.7M519.1M698M471.8M437.6M702.6M
Non Currrent Assets Other173.5M372.5M77.3M72M809.3M849.8M
Cash And Short Term Investments296.9M775.6M768.2M1.0B1.2B1.3B
Net Receivables766.7M699.3M745.4M870.1M947.1M744.3M
Common Stock Shares Outstanding25.2M25.2M25.4M25.3M32.0M27.2M
Liabilities And Stockholders Equity1.8B2.1B2.3B2.4B2.8B2.2B
Non Current Liabilities Total174.9M82M81.9M57.4M48.1M71.9M
Other Current Assets75.7M72.3M81.8M83.1M122.3M78.8M
Total Liab548.7M667.8M538.4M520.9M546.2M529.8M
Total Current Assets1.1B1.5B1.6B2.0B2.3B1.3B
Accumulated Other Comprehensive Income(42.3M)220.5M235.5M294.2M318.5M334.4M
Short Term Debt93.3M225.5M31.4M103.4M22.1M21.0M
Inventory(135.1M)(4.3M)(2.5M)(22.1M)(34.8M)1.05
Intangible Assets95.6M78.2M1.5M500K100K475K
Other Liab101.1M95.6M47.4M34.7M39.9M63.5M
Net Tangible Assets983.3M936.6M1.1B1.5B1.7B1.1B
Other Assets206.4M147.9M119.2M44.2M39.8M37.8M
Property Plant Equipment141.6M88.2M93M70.5M81.1M60.9M
Short Term Investments6.3M269.6M265.4M610.5M749M786.5M
Long Term Debt Total79.3M34.6M47.2M22M25.3M28.8M
Cash And Equivalents293.9M776.6M769.1M1.0B1.2B1.2B
Net Invested Capital1.3B1.6B1.8B1.9B2.2B2.0B
Net Working Capital763.5M961.4M1.1B1.5B1.8B1.2B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Mindteck Stock

Balance Sheet is a snapshot of the financial position of Mindteck Limited at a specified time, usually calculated after every quarter, six months, or one year. Mindteck Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mindteck and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mindteck currently owns. An asset can also be divided into two categories, current and non-current.