Monarca Total Current Assets vs Net Tangible Assets Analysis

MMN Stock  CAD 0.01  0.01  50.00%   
Monarca Minerals financial indicator trend analysis is infinitely more than just investigating Monarca Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Monarca Minerals is a good investment. Please check the relationship between Monarca Minerals Total Current Assets and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monarca Minerals. 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 Current Assets vs Net Tangible Assets

Total Current Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Monarca Minerals Total Current Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Monarca Minerals' Total Current Assets and Net Tangible Assets is 0.07. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Monarca Minerals, assuming nothing else is changed. The correlation between historical values of Monarca Minerals' Total Current Assets and Net Tangible 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 Total Current Assets of Monarca Minerals are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Assets i.e., Monarca Minerals' Total Current Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Monarca Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Monarca Minerals 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 Monarca Minerals. 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.
Selling General Administrative is likely to drop to about 353.4 K in 2024. Enterprise Value Over EBITDA is likely to drop to -3.84 in 2024

Monarca Minerals fundamental ratios Correlations

-0.17-0.590.99-0.210.59-0.680.070.060.39-0.650.490.470.14-0.12-0.520.991.0-0.310.990.64-0.170.15-0.480.680.68
-0.170.78-0.320.54-0.780.650.10.11-0.290.62-0.430.720.030.980.4-0.18-0.2-0.72-0.18-0.65-0.07-0.590.79-0.560.03
-0.590.78-0.710.67-0.840.97-0.13-0.13-0.470.91-0.490.34-0.210.760.83-0.59-0.6-0.44-0.59-0.840.01-0.770.86-0.78-0.37
0.99-0.32-0.71-0.320.69-0.770.090.090.45-0.730.540.330.17-0.27-0.590.980.98-0.180.970.73-0.160.25-0.580.750.66
-0.210.540.67-0.32-0.410.58-0.76-0.76-0.580.52-0.230.48-0.790.520.6-0.14-0.16-0.35-0.14-0.47-0.18-0.560.42-0.350.0
0.59-0.78-0.840.69-0.41-0.85-0.13-0.130.13-0.840.34-0.25-0.09-0.78-0.50.630.630.550.640.890.010.56-0.870.850.44
-0.680.650.97-0.770.58-0.85-0.1-0.1-0.350.94-0.40.18-0.150.670.86-0.69-0.69-0.37-0.69-0.85-0.03-0.760.87-0.81-0.53
0.070.1-0.130.09-0.76-0.13-0.11.00.45-0.07-0.07-0.10.980.12-0.31-0.03-0.02-0.14-0.020.030.180.090.12-0.06-0.02
0.060.11-0.130.09-0.76-0.13-0.11.00.45-0.06-0.07-0.10.980.12-0.31-0.03-0.02-0.14-0.030.020.180.090.13-0.06-0.03
0.39-0.29-0.470.45-0.580.13-0.350.450.45-0.290.72-0.130.6-0.18-0.450.310.34-0.210.290.22-0.340.11-0.140.17-0.01
-0.650.620.91-0.730.52-0.840.94-0.07-0.06-0.29-0.380.16-0.110.640.78-0.66-0.66-0.32-0.67-0.820.14-0.70.89-0.79-0.51
0.49-0.43-0.490.54-0.230.34-0.4-0.07-0.070.72-0.38-0.040.07-0.36-0.280.460.49-0.170.440.45-0.40.06-0.320.450.32
0.470.720.340.330.48-0.250.18-0.1-0.1-0.130.16-0.04-0.110.730.170.490.47-0.770.49-0.18-0.16-0.420.4-0.060.41
0.140.03-0.210.17-0.79-0.09-0.150.980.980.6-0.110.07-0.110.07-0.360.030.05-0.170.030.070.120.10.09-0.02-0.03
-0.120.980.76-0.270.52-0.780.670.120.12-0.180.64-0.360.730.070.41-0.14-0.16-0.79-0.14-0.65-0.11-0.640.81-0.56-0.02
-0.520.40.83-0.590.6-0.50.86-0.31-0.31-0.450.78-0.280.17-0.360.41-0.5-0.5-0.18-0.5-0.57-0.04-0.730.65-0.53-0.4
0.99-0.18-0.590.98-0.140.63-0.69-0.03-0.030.31-0.660.460.490.03-0.14-0.51.0-0.271.00.66-0.160.17-0.510.710.72
1.0-0.2-0.60.98-0.160.63-0.69-0.02-0.020.34-0.660.490.470.05-0.16-0.51.0-0.271.00.66-0.170.17-0.510.710.69
-0.31-0.72-0.44-0.18-0.350.55-0.37-0.14-0.14-0.21-0.32-0.17-0.77-0.17-0.79-0.18-0.27-0.27-0.250.370.310.63-0.530.28-0.22
0.99-0.18-0.590.97-0.140.64-0.69-0.02-0.030.29-0.670.440.490.03-0.14-0.51.01.0-0.250.66-0.150.17-0.520.710.72
0.64-0.65-0.840.73-0.470.89-0.850.030.020.22-0.820.45-0.180.07-0.65-0.570.660.660.370.660.070.52-0.810.990.69
-0.17-0.070.01-0.16-0.180.01-0.030.180.18-0.340.14-0.4-0.160.12-0.11-0.04-0.16-0.170.31-0.150.070.180.020.060.0
0.15-0.59-0.770.25-0.560.56-0.760.090.090.11-0.70.06-0.420.1-0.64-0.730.170.170.630.170.520.18-0.690.460.11
-0.480.790.86-0.580.42-0.870.870.120.13-0.140.89-0.320.40.090.810.65-0.51-0.51-0.53-0.52-0.810.02-0.69-0.77-0.41
0.68-0.56-0.780.75-0.350.85-0.81-0.06-0.060.17-0.790.45-0.06-0.02-0.56-0.530.710.710.280.710.990.060.46-0.770.75
0.680.03-0.370.660.00.44-0.53-0.02-0.03-0.01-0.510.320.41-0.03-0.02-0.40.720.69-0.220.720.690.00.11-0.410.75
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Monarca Minerals Account Relationship Matchups

Monarca Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M721.5K99.0K32.4K29.2K27.7K
Total Current Liabilities2.6M2.9M3.4M4.3M4.9M5.2M
Total Stockholder Equity(483.2K)(2.2M)(3.3M)(4.2M)(3.8M)(3.6M)
Net Debt(516.0K)755.0K1.2M1.3M1.5M1.6M
Retained Earnings(30.1M)(32.8M)(33.6M)(33.5M)(30.1M)(28.6M)
Accounts Payable1.4M1.5M1.7M2.2M2.5M2.7M
Cash1.8M498.7K29.3K7.1K6.4K6.1K
Cash And Short Term Investments1.8M523.7K39.3K8.1K7.3K6.9K
Net Receivables191.3K155.1K13.1K5.1K5.9K5.6K
Common Stock Shares Outstanding49.7M67.9M120.2M126.6M145.5M152.8M
Liabilities And Stockholders Equity2.2M721.5K99.0K32.4K29.2K27.7K
Other Stockholder Equity1.2M1.6M1.01.4M1.3M1.2M
Total Liab2.6M2.9M3.4M4.3M4.9M2.8M
Total Current Assets2.0M710.3K88.4K23.3K20.9K19.9K
Accumulated Other Comprehensive Income1.6M1.7M1.4M367.3K422.4K401.3K
Other Current Liab14.6K212.7K454.0K3.0M3.4M3.6M
Property Plant And Equipment Net12.0K6.9K6.6K9.2K8.3K7.8K
Non Current Assets Total146.4K11.2K10.6K9.2K8.3K7.8K
Net Tangible Assets(3.1M)(488.0K)(2.2M)(3.3M)(3.0M)(2.8M)
Other Current Assets(700.0)31.5K36.0K10.0K9.0K16.9K
Property Plant Equipment7.6K7.2K6.9K10.6K9.5K9.0K
Non Currrent Assets Other(357.0)13.0K134.4K(3.1K)(2.8K)(2.7K)
Net Invested Capital770.5K(949.5K)(2.1M)(2.9M)(2.6M)(2.5M)
Net Working Capital(630.3K)(2.2M)(3.3M)(4.3M)(3.8M)(3.6M)

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