Metalnrg Change In Working Capital vs Investments Analysis
MNRG Stock | 40.00 3.50 8.05% |
Metalnrg PLC financial indicator trend analysis is infinitely more than just investigating Metalnrg PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metalnrg PLC is a good investment. Please check the relationship between Metalnrg PLC Change In Working Capital and its Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalnrg PLC. 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.
Change In Working Capital vs Investments
Change In Working Capital vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metalnrg PLC Change In Working Capital account and Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Metalnrg PLC's Change In Working Capital and Investments is 0.73. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Investments in the same time period over historical financial statements of Metalnrg PLC, assuming nothing else is changed. The correlation between historical values of Metalnrg PLC's Change In Working Capital and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Metalnrg PLC are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Change In Working Capital i.e., Metalnrg PLC's Change In Working Capital and Investments go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Metalnrg PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metalnrg PLC 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 Metalnrg PLC. 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 gain to about 1.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Metalnrg PLC fundamental ratios Correlations
Click cells to compare fundamentals
Metalnrg PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Metalnrg PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1M | 1.2M | 3.0M | 2.0M | 1.7M | 969.4K | |
Other Current Liab | 21.1K | 45.6K | 126.0K | 114.5K | 211.4K | 222.0K | |
Total Current Liabilities | 214.9K | 1.0M | 649.1K | 1.8M | 2.9M | 3.1M | |
Total Stockholder Equity | 890.7K | 150.2K | 2.3M | 188.3K | (1.2M) | (1.2M) | |
Net Debt | (139.0K) | 693.7K | 290.0K | 425.5K | 843.5K | 885.6K | |
Retained Earnings | (1.8M) | (2.6M) | (4.5M) | (6.7M) | (8.1M) | (7.7M) | |
Accounts Payable | 193.8K | 237.1K | 207.0K | 1.3M | 1.9M | 2.0M | |
Cash | 139.0K | 63.6K | 49.3K | 24.7K | 5.4K | 5.1K | |
Cash And Short Term Investments | 139.0K | 63.6K | 49.3K | 24.7K | 5.4K | 5.1K | |
Net Receivables | 138.0 | 12.1K | 1.0M | 570.7K | 35.9K | 34.1K | |
Common Stock Shares Outstanding | 260.7M | 363.6M | 849.2M | 1.2B | 1.2B | 1.3B | |
Other Current Assets | 85.3K | 29.7K | 1.1M | 581.6K | 72.4K | 68.7K | |
Other Stockholder Equity | 2.2M | 2.5M | 6.4M | 6.5M | 6.8M | 7.1M | |
Total Liab | 214.9K | 1.1M | 672.4K | 1.9M | 2.9M | 3.1M | |
Total Current Assets | 224.3K | 93.3K | 1.1M | 606.3K | 77.7K | 73.8K | |
Common Stock | 272.8K | 37.1K | 113.5K | 123.2K | 110.9K | 103.2K | |
Liabilities And Stockholders Equity | 1.1M | 1.2M | 3.0M | 2.0M | 1.7M | 1.1M | |
Non Current Liabilities Total | 214.9K | 29.0K | 23.3K | 25.7K | 22.2K | 21.1K | |
Net Tangible Assets | 313.1K | 224.5K | (518.7K) | 1.7M | 2.0M | 2.1M | |
Non Current Assets Total | 881.3K | 1.1M | 1.8M | 1.4M | 1.6M | 1.1M | |
Capital Surpluse | 1.1M | 1.9M | 2.4M | 2.5M | 2.9M | 1.9M | |
Non Currrent Assets Other | (1.0) | 466.7K | 1.3M | 860.8K | (1.0M) | (985.5K) |
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When running Metalnrg PLC's price analysis, check to measure Metalnrg PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Metalnrg PLC is operating at the current time. Most of Metalnrg PLC's value examination focuses on studying past and present price action to predict the probability of Metalnrg PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metalnrg PLC's price. Additionally, you may evaluate how the addition of Metalnrg PLC to your portfolios can decrease your overall portfolio volatility.