Midnight Total Liab vs Retained Earnings Analysis
MMA Stock | CAD 0.45 0.03 7.14% |
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 Total Liab and its Retained Earnings 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.
Total Liab vs Retained Earnings
Total Liab vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midnight Sun Mining Total Liab account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between Midnight Sun's Total Liab and Retained Earnings is -0.72. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Retained Earnings 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 Total Liab and Retained Earnings 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 Liab of Midnight Sun Mining are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Liab i.e., Midnight Sun's Total Liab and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.72 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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.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
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Midnight Sun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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