| MINDTECK | | | 260.20 6.05 2.27% |
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 Total Assets and its Net Debt 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.
Total Assets vs Net Debt
Total Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mindteck Limited Total Assets account and
Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Mindteck's Total Assets and Net Debt is -0.75. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt 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 Total Assets and Net Debt 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 Assets of Mindteck Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Mindteck's Total Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.75 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of Mindteck assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mindteck Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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.
The current year's
Selling General Administrative is expected to grow to about 95.8
M. The current year's
Tax Provision is expected to grow to about 75.1
MMindteck fundamental ratios Correlations
Click cells to compare fundamentals
Mindteck Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mindteck fundamental ratios Accounts
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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.