Midnight Retained Earnings vs Total Current Liabilities Analysis

MMA Stock

CAD 0.43 0.02 4.44%

Midnight Sun financial indicator trend analysis is infinitely more than just investigating Midnight Sun Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midnight Sun Mining is a good investment. Please check the relationship between Midnight Sun Retained Earnings and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midnight Sun Mining. 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.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midnight Sun Mining Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Midnight Sun's Retained Earnings and Total Current Liabilities is -0.49. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Midnight Sun Mining, assuming nothing else is changed. The correlation between historical values of Midnight Sun's Retained Earnings 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 Retained Earnings of Midnight Sun Mining 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 Retained Earnings i.e., Midnight Sun's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Midnight Sun balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Midnight Sun Mining 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 Midnight Sun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Midnight Sun Mining 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 Midnight Sun Mining. 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, Midnight Sun's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 637.4 K in 2024.

Midnight Sun fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Property Plant And Equipment Net	Common Stock	Net Tangible Assets	Other Assets	Other Current Assets	Property Plant Equipment	Non Currrent Assets Other	Net Invested Capital	Net Working Capital	Capital Stock	Short Long Term Debt Total
Total Assets		0.41	0.91	-0.32	-0.56	0.23	0.39	1.0	0.43	0.46	0.82	-0.45	0.44	0.61	0.2	0.88	0.91	0.93	0.62	0.57	0.99	0.11	0.6	-0.09	0.55	0.2
Total Current Liabilities	0.41		0.4	0.16	-0.49	0.86	-0.15	0.45	-0.16	-0.06	0.49	0.13	0.82	-0.12	0.19	0.38	0.52	0.4	0.72	0.42	0.45	0.4	-0.08	-0.65	0.1	0.08
Total Stockholder Equity	0.91	0.4		-0.26	-0.57	0.16	0.37	0.91	0.4	0.31	0.88	-0.42	0.58	0.55	0.43	0.7	0.88	0.94	0.58	0.73	0.92	0.35	0.6	-0.18	0.6	0.45
Net Debt	-0.32	0.16	-0.26		-0.2	0.12	-0.99	-0.24	-0.98	-0.14	-0.01	0.0	0.34	-0.85	0.25	-0.45	-0.14	-0.45	-0.3	-0.36	-0.24	0.46	-0.53	-0.77	0.04	0.39
Retained Earnings	-0.56	-0.49	-0.57	-0.2		-0.2	0.09	-0.59	0.08	-0.16	-0.89	0.02	-0.72	-0.04	-0.55	-0.3	-0.82	-0.43	-0.56	-0.38	-0.59	-0.73	0.16	0.54	-0.85	-0.57
Accounts Payable	0.23	0.86	0.16	0.12	-0.2		-0.17	0.26	-0.17	0.05	0.21	0.23	0.54	-0.13	-0.29	0.37	0.25	0.26	0.53	0.23	0.27	0.09	-0.08	-0.44	-0.18	-0.24
Cash	0.39	-0.15	0.37	-0.99	0.09	-0.17		0.31	0.99	0.14	0.14	0.0	-0.24	0.88	-0.12	0.45	0.24	0.51	0.36	0.43	0.32	-0.35	0.58	0.72	0.11	-0.23
Non Current Assets Total	1.0	0.45	0.91	-0.24	-0.59	0.26	0.31		0.35	0.43	0.85	-0.45	0.49	0.53	0.24	0.86	0.92	0.91	0.62	0.57	0.99	0.16	0.56	-0.18	0.56	0.24
Cash And Short Term Investments	0.43	-0.16	0.4	-0.98	0.08	-0.17	0.99	0.35		0.25	0.16	-0.04	-0.25	0.91	-0.14	0.49	0.26	0.54	0.36	0.42	0.35	-0.37	0.6	0.74	0.11	-0.23
Net Receivables	0.46	-0.06	0.31	-0.14	-0.16	0.05	0.14	0.43	0.25		0.27	-0.28	-0.07	0.51	-0.23	0.48	0.31	0.38	0.21	-0.06	0.44	-0.21	0.25	0.29	0.11	-0.09
Common Stock Shares Outstanding	0.82	0.49	0.88	-0.01	-0.89	0.21	0.14	0.85	0.16	0.27		-0.23	0.74	0.32	0.55	0.56	0.95	0.76	0.64	0.6	0.85	0.59	0.25	-0.42	0.83	0.6
Other Stockholder Equity	-0.45	0.13	-0.42	0.0	0.02	0.23	0.0	-0.45	-0.04	-0.28	-0.23		0.09	-0.25	-0.13	-0.48	-0.32	-0.46	0.2	-0.18	-0.46	-0.02	-0.22	0.07	-0.06	0.02
Total Liab	0.44	0.82	0.58	0.34	-0.72	0.54	-0.24	0.49	-0.25	-0.07	0.74	0.09		-0.17	0.62	0.17	0.63	0.42	0.64	0.47	0.51	0.72	-0.05	-0.76	0.5	0.63
Total Current Assets	0.61	-0.12	0.55	-0.85	-0.04	-0.13	0.88	0.53	0.91	0.51	0.32	-0.25	-0.17		-0.12	0.63	0.43	0.69	0.31	0.38	0.54	-0.3	0.63	0.66	0.22	-0.16
Other Current Liab	0.2	0.19	0.43	0.25	-0.55	-0.29	-0.12	0.24	-0.14	-0.23	0.55	-0.13	0.62	-0.12		-0.18	0.41	0.18	0.23	0.31	0.24	0.71	-0.09	-0.49	0.59	0.82
Property Plant And Equipment Net	0.88	0.38	0.7	-0.45	-0.3	0.37	0.45	0.86	0.49	0.48	0.56	-0.48	0.17	0.63	-0.18		0.68	0.87	0.49	0.42	0.87	-0.2	0.5	0.07	0.18	-0.26
Common Stock	0.91	0.52	0.88	-0.14	-0.82	0.25	0.24	0.92	0.26	0.31	0.95	-0.32	0.63	0.43	0.41	0.68		0.82	0.68	0.64	0.9	0.48	0.34	-0.32	0.75	0.4
Net Tangible Assets	0.93	0.4	0.94	-0.45	-0.43	0.26	0.51	0.91	0.54	0.38	0.76	-0.46	0.42	0.69	0.18	0.87	0.82		0.57	0.7	0.93	0.12	0.63	-0.02	0.41	0.14
Other Assets	0.62	0.72	0.58	-0.3	-0.56	0.53	0.36	0.62	0.36	0.21	0.64	0.2	0.64	0.31	0.23	0.49	0.68	0.57		0.6	0.6	0.27	0.25	-0.2	0.36	0.17
Other Current Assets	0.57	0.42	0.73	-0.36	-0.38	0.23	0.43	0.57	0.42	-0.06	0.6	-0.18	0.47	0.38	0.31	0.42	0.64	0.7	0.6		0.57	0.42	0.45	-0.15	0.36	0.27
Property Plant Equipment	0.99	0.45	0.92	-0.24	-0.59	0.27	0.32	0.99	0.35	0.44	0.85	-0.46	0.51	0.54	0.24	0.87	0.9	0.93	0.6	0.57		0.16	0.54	-0.18	0.55	0.24
Non Currrent Assets Other	0.11	0.4	0.35	0.46	-0.73	0.09	-0.35	0.16	-0.37	-0.21	0.59	-0.02	0.72	-0.3	0.71	-0.2	0.48	0.12	0.27	0.42	0.16		-0.34	-0.71	0.6	0.72
Net Invested Capital	0.6	-0.08	0.6	-0.53	0.16	-0.08	0.58	0.56	0.6	0.25	0.25	-0.22	-0.05	0.63	-0.09	0.5	0.34	0.63	0.25	0.45	0.54	-0.34		0.41	0.14	0.08
Net Working Capital	-0.09	-0.65	-0.18	-0.77	0.54	-0.44	0.72	-0.18	0.74	0.29	-0.42	0.07	-0.76	0.66	-0.49	0.07	-0.32	-0.02	-0.2	-0.15	-0.18	-0.71	0.41		-0.25	-0.46
Capital Stock	0.55	0.1	0.6	0.04	-0.85	-0.18	0.11	0.56	0.11	0.11	0.83	-0.06	0.5	0.22	0.59	0.18	0.75	0.41	0.36	0.36	0.55	0.6	0.14	-0.25		0.74
Short Long Term Debt Total	0.2	0.08	0.45	0.39	-0.57	-0.24	-0.23	0.24	-0.23	-0.09	0.6	0.02	0.63	-0.16	0.82	-0.26	0.4	0.14	0.17	0.27	0.24	0.72	0.08	-0.46	0.74

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Midnight Sun Account Relationship Matchups

Midnight Sun fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.9M	20.0M	20.8M	10.7M	14.0M	7.4M
Total Current Liabilities	616.0K	201.1K	172.0K	478.7K	417.1K	281.4K
Total Stockholder Equity	10.8M	12.3M	14.6M	4.6M	11.2M	11.8M
Net Debt	34.1K	(1.0M)	(2.5M)	17.9K	352.4K	370.0K
Retained Earnings	(7.2M)	(8.0M)	(8.3M)	(18.8M)	(13.8M)	(13.1M)
Accounts Payable	467.5K	179.6K	81.1K	343.1K	110.5K	105.0K
Cash	7.0K	1.1M	2.6M	40.5K	23.9K	22.7K
Non Current Assets Total	18.8M	17.8M	18.1M	10.5M	13.9M	7.7M
Cash And Short Term Investments	7.0K	1.4M	2.6M	40.5K	23.9K	22.7K
Net Receivables	76.7K	860.7K	6.3K	131.8K	31.2K	29.7K
Common Stock Shares Outstanding	89.9M	96.9M	108.2M	113.0M	118.3M	124.3M
Liabilities And Stockholders Equity	18.9M	20.0M	20.8M	10.7M	14.0M	7.4M
Other Stockholder Equity	(54K)	(33.5K)	1.9M	2.4M	2.7M	2.1M
Total Liab	633.2K	241.1K	230.0K	518.7K	731.1K	767.7K
Total Current Assets	105.3K	2.3M	2.6M	191.3K	104.7K	99.4K
Other Current Liab	124.6K	4.2K	66.3K	117.1K	354.9K	372.6K
Property Plant And Equipment Net	18.8M	17.8M	17.6M	10.0M	371.3K	352.8K
Common Stock	16.3M	16.6M	18.5M	21.0M	22.1M	13.8M
Net Tangible Assets	10.8M	12.3M	14.6M	4.6M	5.3M	7.3M
Other Current Assets	21.6K	26.0K	65.1K	19.1K	49.6K	37.0K
Property Plant Equipment	18.8M	17.8M	17.6M	10.0M	11.5M	9.6M
Accumulated Other Comprehensive Income	1.5M	1.9M	1.9M	2.4M	2.9M	1.7M
Non Currrent Assets Other	(54K)	(33.5K)	175.4K	13.0M	14.9M	15.6M
Net Invested Capital	10.8M	12.4M	14.7M	4.7M	11.4M	8.4M
Net Working Capital	(510.6K)	2.1M	2.5M	(287.3K)	(312.4K)	(296.8K)

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