Mandalay Short Term Debt vs Total Assets Analysis

MND Stock

CAD 4.79 0.04 0.84%

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

Short Term Debt vs Total Assets

Short Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mandalay Resources Corp Short Term Debt account and Total Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Mandalay Resources' Short Term Debt and Total Assets is 0.3. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Mandalay Resources Corp, assuming nothing else is changed. The correlation between historical values of Mandalay Resources' Short Term Debt 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 Short Term Debt of Mandalay Resources Corp 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 Short Term Debt i.e., Mandalay Resources' Short Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Short Term Debt

Total Assets

Total assets refers to the total amount of Mandalay 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 Mandalay Resources Corp 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 Mandalay Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mandalay Resources Corp 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 Mandalay Resources Corp. 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, Mandalay Resources' Tax Provision is very stable compared to the past year. As of the 2nd of March 2025, Enterprise Value is likely to grow to about 192.6 M, while Selling General Administrative is likely to drop about 5.8 M.

Mandalay Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Inventory	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt
Total Assets		0.61	0.73	0.74	0.98	0.21	0.09	0.63	0.5	0.96	0.58	0.53	0.77	0.67	0.8	0.45	0.26	-0.09	0.85	0.47	0.72	0.78	0.92	0.55	0.51	0.3
Other Current Liab	0.61		0.61	0.33	0.61	0.18	-0.32	0.54	0.23	0.53	0.03	-0.08	0.63	0.51	0.63	0.52	0.63	-0.45	0.66	0.31	0.53	0.62	0.53	0.5	0.64	0.18
Total Current Liabilities	0.73	0.61		0.31	0.74	0.61	-0.29	0.84	0.29	0.73	0.5	0.48	0.56	0.37	0.61	0.21	0.54	-0.12	0.91	0.09	0.49	0.59	0.49	0.74	0.23	0.59
Total Stockholder Equity	0.74	0.33	0.31		0.66	-0.27	0.58	0.18	0.84	0.64	0.32	0.28	0.69	0.58	0.56	0.55	0.05	0.04	0.41	0.74	0.9	0.59	0.83	0.27	0.45	0.0
Property Plant And Equipment Net	0.98	0.61	0.74	0.66		0.34	-0.06	0.7	0.39	0.99	0.68	0.6	0.67	0.61	0.85	0.52	0.18	-0.01	0.9	0.48	0.61	0.84	0.89	0.57	0.49	0.28
Net Debt	0.21	0.18	0.61	-0.27	0.34		-0.77	0.77	-0.31	0.38	0.64	0.52	-0.25	-0.03	0.39	0.13	0.1	0.23	0.64	-0.09	-0.21	0.38	-0.04	0.39	-0.03	0.24
Retained Earnings	0.09	-0.32	-0.29	0.58	-0.06	-0.77		-0.56	0.58	-0.05	-0.2	-0.05	0.39	0.24	-0.28	-0.18	-0.19	-0.05	-0.35	0.2	0.47	-0.26	0.29	-0.19	-0.07	-0.05
Accounts Payable	0.63	0.54	0.84	0.18	0.7	0.77	-0.56		0.04	0.71	0.66	0.6	0.25	0.26	0.66	0.29	0.41	0.21	0.89	0.09	0.26	0.65	0.43	0.64	0.18	0.41
Cash	0.5	0.23	0.29	0.84	0.39	-0.31	0.58	0.04		0.35	0.06	0.0	0.66	0.22	0.41	0.47	0.19	-0.11	0.26	0.62	0.89	0.45	0.57	0.17	0.31	-0.08
Non Current Assets Total	0.96	0.53	0.73	0.64	0.99	0.38	-0.05	0.71	0.35		0.75	0.69	0.61	0.6	0.81	0.46	0.1	0.04	0.89	0.44	0.55	0.8	0.87	0.58	0.41	0.32
Non Currrent Assets Other	0.58	0.03	0.5	0.32	0.68	0.64	-0.2	0.66	0.06	0.75		0.9	0.07	0.21	0.55	0.22	-0.27	0.35	0.69	0.25	0.11	0.54	0.48	0.35	-0.07	0.18
Other Assets	0.53	-0.08	0.48	0.28	0.6	0.52	-0.05	0.6	0.0	0.69	0.9		0.11	0.26	0.3	-0.06	-0.26	0.4	0.6	-0.02	0.08	0.29	0.46	0.47	-0.13	0.44
Cash And Short Term Investments	0.77	0.63	0.56	0.69	0.67	-0.25	0.39	0.25	0.66	0.61	0.07	0.11		0.49	0.44	0.23	0.47	-0.42	0.54	0.29	0.8	0.44	0.79	0.42	0.42	0.3
Net Receivables	0.67	0.51	0.37	0.58	0.61	-0.03	0.24	0.26	0.22	0.6	0.21	0.26	0.49		0.39	0.23	0.17	-0.2	0.47	0.34	0.57	0.38	0.64	0.43	0.59	0.25
Common Stock Total Equity	0.8	0.63	0.61	0.56	0.85	0.39	-0.28	0.66	0.41	0.81	0.55	0.3	0.44	0.39		0.81	0.2	0.02	0.78	0.7	0.55	1.0	0.69	0.35	0.57	-0.05
Common Stock Shares Outstanding	0.45	0.52	0.21	0.55	0.52	0.13	-0.18	0.29	0.47	0.46	0.22	-0.06	0.23	0.23	0.81		0.02	0.03	0.41	0.87	0.5	0.84	0.47	0.11	0.68	-0.4
Other Current Assets	0.26	0.63	0.54	0.05	0.18	0.1	-0.19	0.41	0.19	0.1	-0.27	-0.26	0.47	0.17	0.2	0.02		-0.23	0.35	-0.1	0.42	0.19	0.15	0.21	0.24	0.22
Other Stockholder Equity	-0.09	-0.45	-0.12	0.04	-0.01	0.23	-0.05	0.21	-0.11	0.04	0.35	0.4	-0.42	-0.2	0.02	0.03	-0.23		-0.05	0.04	-0.18	0.03	-0.05	-0.08	-0.26	-0.06
Total Liab	0.85	0.66	0.91	0.41	0.9	0.64	-0.35	0.89	0.26	0.89	0.69	0.6	0.54	0.47	0.78	0.41	0.35	-0.05		0.28	0.49	0.77	0.69	0.68	0.38	0.37
Property Plant And Equipment Gross	0.47	0.31	0.09	0.74	0.48	-0.09	0.2	0.09	0.62	0.44	0.25	-0.02	0.29	0.34	0.7	0.87	-0.1	0.04	0.28		0.62	0.73	0.55	-0.1	0.51	-0.49
Total Current Assets	0.72	0.53	0.49	0.9	0.61	-0.21	0.47	0.26	0.89	0.55	0.11	0.08	0.8	0.57	0.55	0.5	0.42	-0.18	0.49	0.62		0.57	0.76	0.33	0.53	0.04
Common Stock	0.78	0.62	0.59	0.59	0.84	0.38	-0.26	0.65	0.45	0.8	0.54	0.29	0.44	0.38	1.0	0.84	0.19	0.03	0.77	0.73	0.57		0.69	0.34	0.57	-0.07
Inventory	0.92	0.53	0.49	0.83	0.89	-0.04	0.29	0.43	0.57	0.87	0.48	0.46	0.79	0.64	0.69	0.47	0.15	-0.05	0.69	0.55	0.76	0.69		0.37	0.53	0.08
Short Long Term Debt Total	0.55	0.5	0.74	0.27	0.57	0.39	-0.19	0.64	0.17	0.58	0.35	0.47	0.42	0.43	0.35	0.11	0.21	-0.08	0.68	-0.1	0.33	0.34	0.37		0.24	0.81
Current Deferred Revenue	0.51	0.64	0.23	0.45	0.49	-0.03	-0.07	0.18	0.31	0.41	-0.07	-0.13	0.42	0.59	0.57	0.68	0.24	-0.26	0.38	0.51	0.53	0.57	0.53	0.24		-0.18
Short Term Debt	0.3	0.18	0.59	0.0	0.28	0.24	-0.05	0.41	-0.08	0.32	0.18	0.44	0.3	0.25	-0.05	-0.4	0.22	-0.06	0.37	-0.49	0.04	-0.07	0.08	0.81	-0.18

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Mandalay Resources Account Relationship Matchups

Mandalay Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	301.3M	317.8M	282.2M	295.2M	329.6M	172.3M
Other Current Liab	28.4M	30.1M	22.8M	20.4M	7.7M	10.9M
Total Current Liabilities	74.3M	78.4M	37.2M	31.9M	52.6M	38.0M
Total Stockholder Equity	135.8M	176.7M	184.2M	196.9M	229.3M	240.7M
Property Plant And Equipment Net	197.6M	193.7M	183.9M	195.2M	187.9M	107.0M
Net Debt	29.7M	19.0M	(14.4M)	(3.9M)	(4.5M)	(4.2M)
Retained Earnings	(71.7M)	(16.8M)	6.7M	14.7M	62.7M	65.8M
Accounts Payable	14.6M	10.4M	7.8M	7.9M	7.8M	7.0M
Cash	34.2M	30.7M	38.4M	26.9M	76.4M	80.2M
Non Current Assets Total	215.7M	203.5M	197.9M	215.4M	206.7M	119.2M
Non Currrent Assets Other	18.1M	9.8M	14.0M	20.2M	18.9M	13.9M
Other Assets	20.6M	18.1M	9.8M	13.7M	15.7M	13.5M
Cash And Short Term Investments	34.2M	34.1M	41.1M	28.8M	33.1M	21.0M
Net Receivables	17.3M	43.0M	13.2M	26.2M	19.2M	13.7M
Common Stock Shares Outstanding	92.5M	93.3M	94.1M	95.0M	93.9M	98.6M
Liabilities And Stockholders Equity	301.3M	317.8M	282.2M	295.2M	339.5M	356.5M
Other Current Assets	9.8M	13.8M	3.2M	2.1M	2.4M	2.3M
Total Liab	165.5M	141.2M	98.1M	98.3M	100.3M	69.2M
Property Plant And Equipment Gross	197.6M	416.1M	411.6M	460.6M	460.9M	484.0M
Total Current Assets	85.6M	114.3M	84.3M	79.8M	122.8M	129.0M
Common Stock	230.0M	230.4M	231.2M	231.5M	266.2M	169.0M
Inventory	24.3M	23.4M	26.7M	22.7M	24.3M	16.7M
Accumulated Other Comprehensive Income	(25.8M)	(40.9M)	(58.4M)	(54.5M)	(49.0M)	(46.6M)
Short Long Term Debt Total	63.9M	49.8M	24.0M	23.0M	26.4M	38.8M
Current Deferred Revenue	21.5M	33.3M	41.8M	21.5M	24.8M	16.9M
Short Term Debt	18.0M	18.2M	1.4M	1.2M	1.4M	1.3M
Non Current Liabilities Total	91.2M	62.8M	60.8M	66.4M	47.7M	50.6M
Other Liab	38.9M	45.3M	31.1M	38.6M	34.7M	34.6M
Net Tangible Assets	111.8M	135.8M	176.7M	184.2M	165.7M	132.2M
Property Plant Equipment	176.4M	197.6M	193.7M	183.9M	211.5M	203.0M
Long Term Debt	42.4M	28.0M	19.8M	20.4M	3.4M	3.3M
Long Term Debt Total	4.0M	46.0M	31.6M	22.3M	25.6M	19.7M
Net Invested Capital	178.2M	204.7M	203.9M	217.3M	232.7M	217.3M
Net Working Capital	11.3M	35.9M	47.1M	47.9M	70.2M	73.7M
Capital Stock	230.0M	230.4M	231.2M	231.5M	232.4M	247.9M

Pair Trading with Mandalay Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mandalay Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mandalay Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mandalay Stock

0.66	FDR	Flinders Resources	Pair Corr
0.72	ORE	Orezone Gold Corp	Pair Corr

Moving against Mandalay Stock

0.78	IE	Ivanhoe Energy	Pair Corr
0.5	MFC	Manulife Financial Corp	Pair Corr
0.48	FDY	Faraday Copper Corp	Pair Corr
0.47	INFM	Infinico Metals Corp	Pair Corr
0.38	TD-PFI	Toronto Dominion Bank	Pair Corr

The ability to find closely correlated positions to Mandalay Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mandalay Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mandalay Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mandalay Resources Corp to buy it.

The correlation of Mandalay Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Mandalay Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Mandalay Stock

Balance Sheet is a snapshot of the financial position of Mandalay Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Mandalay Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mandalay Resources 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 Mandalay currently owns. An asset can also be divided into two categories, current and non-current.

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Mandalay Short Term Debt vs Total Assets Analysis

Short Term Debt vs Total Assets

Short Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Short Term Debt

Total Assets

Mandalay Resources fundamental ratios Correlations

Mandalay Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mandalay Resources fundamental ratios Accounts

Pair Trading with Mandalay Resources

Moving together with Mandalay Stock

Moving against Mandalay Stock

Other Information on Investing in Mandalay Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.96	Total Assets
Inventory	+ 0.92	Total Assets
Total Liab	+ 0.91	Total Current Liabilities

Retained Earnings	- 0.77	Net Debt
Accounts Payable	- 0.56	Retained Earnings
Short Term Debt	- 0.49	Property Plant And Equipment Gross
Other Stockholder Equity	- 0.45	Other Current Liab
Other Stockholder Equity	- 0.42	Cash And Short Term Investments
Short Term Debt	- 0.4	Common Stock Shares Outstanding