Mkango Common Stock vs Total Assets Analysis

MKA Stock  CAD 0.17  0.01  6.25%   
Mkango Resources financial indicator trend analysis is infinitely more than just investigating Mkango Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mkango Resources is a good investment. Please check the relationship between Mkango Resources Common Stock and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mkango 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.

Common Stock vs Total Assets

Common Stock vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mkango Resources Common Stock account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mkango Resources' Common Stock and Total Assets is 0.73. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Mkango Resources, assuming nothing else is changed. The correlation between historical values of Mkango Resources' Common Stock and Total 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 Common Stock of Mkango Resources are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., Mkango Resources' Common Stock and Total Assets go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Total Assets

Total assets refers to the total amount of Mkango Resources 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 Mkango Resources 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.
Most indicators from Mkango Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mkango 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 Mkango 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.
At this time, Mkango Resources' Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 35.62 in 2025, whereas Issuance Of Capital Stock is likely to drop slightly above 2.8 M in 2025.
 2022 2023 2024 2025 (projected)
Reconciled Depreciation18.4K253.1K291.1K305.6K
Interest Income25.053.060.9557.9

Mkango Resources fundamental ratios Correlations

0.770.62-0.48-0.540.490.490.620.820.130.660.590.640.80.260.790.290.090.080.310.730.64-0.710.3-0.250.83
0.770.150.01-0.770.010.010.620.860.250.880.110.860.860.30.87-0.230.320.110.670.860.42-0.650.51-0.160.89
0.620.15-0.910.130.910.910.110.26-0.11-0.120.920.00.080.20.060.910.01-0.08-0.090.070.76-0.57-0.48-0.410.22
-0.480.01-0.91-0.25-0.99-0.990.07-0.040.020.28-0.980.170.13-0.230.15-0.90.030.110.290.09-0.60.360.580.360.04
-0.54-0.770.13-0.250.180.18-0.56-0.86-0.22-0.820.11-0.55-0.7-0.51-0.740.37-0.15-0.17-0.25-0.94-0.260.61-0.520.28-0.8
0.490.010.91-0.990.181.0-0.060.1-0.02-0.250.99-0.17-0.140.29-0.150.9-0.04-0.12-0.33-0.040.64-0.42-0.57-0.41-0.01
0.490.010.91-0.990.181.0-0.060.1-0.02-0.250.99-0.17-0.140.29-0.150.9-0.04-0.12-0.33-0.040.64-0.42-0.57-0.41-0.01
0.620.620.110.07-0.56-0.06-0.060.740.220.760.060.520.730.010.72-0.150.440.460.480.610.42-0.470.47-0.430.68
0.820.860.26-0.04-0.860.10.10.740.210.860.210.670.830.390.85-0.050.30.20.380.940.59-0.80.45-0.40.93
0.130.25-0.110.02-0.22-0.02-0.020.220.210.30.010.20.15-0.170.15-0.190.4-0.10.050.16-0.070.060.26-0.210.06
0.660.88-0.120.28-0.82-0.25-0.250.760.860.3-0.140.810.910.090.92-0.460.350.230.60.850.25-0.480.75-0.10.87
0.590.110.92-0.980.110.990.990.060.210.01-0.14-0.08-0.020.29-0.030.870.01-0.06-0.260.060.68-0.48-0.49-0.440.1
0.640.860.00.17-0.55-0.17-0.170.520.670.20.81-0.080.850.040.85-0.390.180.010.70.690.15-0.350.690.120.79
0.80.860.080.13-0.7-0.14-0.140.730.830.150.91-0.020.850.061.0-0.30.130.170.620.830.28-0.490.740.040.94
0.260.30.2-0.23-0.510.290.290.010.39-0.170.090.290.040.060.10.2-0.02-0.09-0.150.520.34-0.52-0.21-0.370.28
0.790.870.060.15-0.74-0.15-0.150.720.850.150.92-0.030.851.00.1-0.310.110.150.580.860.27-0.50.740.020.95
0.29-0.230.91-0.90.370.90.9-0.15-0.05-0.19-0.460.87-0.39-0.30.2-0.31-0.04-0.09-0.38-0.230.63-0.37-0.74-0.43-0.14
0.090.320.010.03-0.15-0.04-0.040.440.30.40.350.010.180.13-0.020.11-0.040.360.480.10.4-0.32-0.1-0.530.1
0.080.11-0.080.11-0.17-0.12-0.120.460.2-0.10.23-0.060.010.17-0.090.15-0.090.360.150.130.32-0.35-0.08-0.230.14
0.310.67-0.090.29-0.25-0.33-0.330.480.380.050.6-0.260.70.62-0.150.58-0.380.480.150.320.18-0.230.420.080.5
0.730.860.070.09-0.94-0.04-0.040.610.940.160.850.060.690.830.520.86-0.230.10.130.320.37-0.690.54-0.210.93
0.640.420.76-0.6-0.260.640.640.420.59-0.070.250.680.150.280.340.270.630.40.320.180.37-0.88-0.34-0.630.43
-0.71-0.65-0.570.360.61-0.42-0.42-0.47-0.80.06-0.48-0.48-0.35-0.49-0.52-0.5-0.37-0.32-0.35-0.23-0.69-0.880.120.56-0.69
0.30.51-0.480.58-0.52-0.57-0.570.470.450.260.75-0.490.690.74-0.210.74-0.74-0.1-0.080.420.54-0.340.120.370.57
-0.25-0.16-0.410.360.28-0.41-0.41-0.43-0.4-0.21-0.1-0.440.120.04-0.370.02-0.43-0.53-0.230.08-0.21-0.630.560.37-0.13
0.830.890.220.04-0.8-0.01-0.010.680.930.060.870.10.790.940.280.95-0.140.10.140.50.930.43-0.690.57-0.13
Click cells to compare fundamentals

Mkango Resources Account Relationship Matchups

Mkango Resources fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets5.8M5.3M1.5M9.3M10.7M11.2M
Total Current Liabilities289.1K1.3M959.7K2.0M2.3M2.5M
Total Stockholder Equity10.2M4.0M(1.2M)2.5M2.9M2.7M
Net Debt(4.9M)(4.4M)1.1M(996.8K)(897.1K)(942.0K)
Retained Earnings(6.3M)(39.0M)(44.6M)(46.6M)(41.9M)(39.8M)
Cash4.9M4.4M493.7K996.8K1.1M1.1M
Cash And Short Term Investments4.9M4.4M493.7K996.8K1.1M1.1M
Net Receivables203.4K98.1K186.7K449.8K517.2K543.1K
Common Stock Shares Outstanding133.0M153.1M215.1M253.5M291.5M306.0M
Liabilities And Stockholders Equity5.8M5.3M1.5M9.3M10.7M11.2M
Other Stockholder Equity3.8M4.8M5.1M5.7M6.5M5.1M
Total Liab289.1K1.3M2.7M4.7M5.4M5.7M
Total Current Assets5.1M4.5M680.4K1.4M1.7M2.7M
Other Current Liab190.5K247.3K385.6K1.4M1.6M1.7M
Property Plant And Equipment Net64.5K40.6K48.2K1.3M1.5M1.6M
Accounts Payable98.6K1.0M574.1K277.3K318.9K299.8K
Non Current Assets Total651.4K718.2K846.5K7.8M9.0M9.5M
Net Tangible Assets12.2M10.2M4.0M(1.4M)(1.7M)(1.6M)
Property Plant Equipment95.9K64.5K40.6K48.2K55.4K45.8K
Accumulated Other Comprehensive Income120.9K122.4K(23.8K)(70.4K)(63.4K)(60.2K)
Current Deferred Revenue63.9K48.1K96.1K198.6K228.4K239.8K
Net Invested Capital10.2M4.0M437.6K2.5M2.3M3.8M
Net Working Capital4.8M3.3M(279.3K)(588.6K)(529.7K)(503.2K)

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