Mountain Retained Earnings vs Net Debt Analysis

MPVD Stock

CAD 0.11 0.01 10.00%

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

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mountain Province Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Mountain Province's Retained Earnings and Net Debt is -0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Mountain Province Diamonds, assuming nothing else is changed. The correlation between historical values of Mountain Province's Retained Earnings and Net Debt 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 Mountain Province Diamonds are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Retained Earnings i.e., Mountain Province's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Mountain Province's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mountain Province 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 Mountain Province Diamonds. 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, Mountain Province's Selling General Administrative is very stable compared to the past year. As of the 29th of December 2024, Tax Provision is likely to grow to about 25.6 M, while Enterprise Value is likely to drop about 263.6 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	20.1M	31.4M	196.0M	205.8M
Other Operating Expenses	215.1M	249.7M	351.7M	369.3M

Total Operating Expenses Other Operating Expenses

Mountain Province fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Common Stock	Common Stock Total Equity
Common Stock Shares Outstanding		0.81	-0.15	0.46	0.69	0.83	0.52	0.81	-0.73	0.72	0.66	0.82	0.16	0.07	0.49	0.78	0.69	0.03	0.05	0.81	0.67	0.59	0.2	0.15	0.93	0.93
Total Assets	0.81		-0.22	0.38	0.9	0.98	0.73	0.91	-0.55	0.85	0.75	0.97	0.26	-0.15	0.57	0.87	0.88	0.26	0.21	0.96	0.92	0.76	0.19	0.38	0.93	0.91
Other Current Liab	-0.15	-0.22		-0.25	-0.12	-0.24	-0.44	-0.29	0.18	-0.17	-0.3	-0.19	0.44	-0.35	-0.24	-0.23	-0.17	0.22	-0.18	-0.26	-0.17	-0.31	-0.39	0.35	-0.19	-0.19
Total Current Liabilities	0.46	0.38	-0.25		0.3	0.41	0.32	0.39	-0.35	0.25	0.25	0.4	0.08	-0.06	-0.01	0.3	-0.02	-0.08	-0.03	0.39	0.42	0.23	0.62	0.07	0.45	0.44
Total Stockholder Equity	0.69	0.9	-0.12	0.3		0.9	0.48	0.71	-0.22	0.77	0.53	0.9	0.25	-0.02	0.66	0.81	0.69	0.21	0.2	0.76	0.82	0.63	0.18	0.34	0.79	0.77
Property Plant And Equipment Net	0.83	0.98	-0.24	0.41	0.9		0.73	0.94	-0.5	0.77	0.73	0.99	0.25	-0.15	0.67	0.83	0.84	0.1	0.25	0.93	0.83	0.64	0.26	0.31	0.92	0.89
Current Deferred Revenue	0.52	0.73	-0.44	0.32	0.48	0.73		0.8	-0.47	0.55	0.71	0.7	0.01	-0.33	0.34	0.43	0.74	0.1	0.26	0.81	0.68	0.59	0.19	0.06	0.68	0.69
Net Debt	0.81	0.91	-0.29	0.39	0.71	0.94	0.8		-0.64	0.66	0.75	0.94	0.28	-0.25	0.6	0.75	0.86	0.03	0.27	0.95	0.73	0.55	0.25	0.32	0.88	0.86
Retained Earnings	-0.73	-0.55	0.18	-0.35	-0.22	-0.5	-0.47	-0.64		-0.65	-0.65	-0.49	-0.06	-0.05	-0.04	-0.61	-0.6	-0.18	0.15	-0.7	-0.49	-0.58	-0.02	-0.16	-0.74	-0.73
Accounts Payable	0.72	0.85	-0.17	0.25	0.77	0.77	0.55	0.66	-0.65		0.77	0.75	0.06	0.16	0.39	0.85	0.78	0.47	0.04	0.82	0.84	0.9	0.04	0.26	0.87	0.87
Cash	0.66	0.75	-0.3	0.25	0.53	0.73	0.71	0.75	-0.65	0.77		0.68	-0.15	0.07	0.49	0.61	0.77	0.32	0.42	0.81	0.63	0.75	0.35	0.0	0.75	0.74
Non Current Assets Total	0.82	0.97	-0.19	0.4	0.9	0.99	0.7	0.94	-0.49	0.75	0.68		0.35	-0.21	0.66	0.83	0.83	0.09	0.24	0.93	0.83	0.59	0.23	0.39	0.91	0.88
Non Currrent Assets Other	0.16	0.26	0.44	0.08	0.25	0.25	0.01	0.28	-0.06	0.06	-0.15	0.35		-0.61	0.11	0.21	0.22	-0.02	-0.02	0.24	0.22	-0.18	-0.14	0.77	0.2	0.21
Cash And Short Term Investments	0.07	-0.15	-0.35	-0.06	-0.02	-0.15	-0.33	-0.25	-0.05	0.16	0.07	-0.21	-0.61		0.21	0.2	-0.21	0.02	0.04	-0.22	-0.21	0.15	0.22	-0.45	-0.02	-0.04
Net Receivables	0.49	0.57	-0.24	-0.01	0.66	0.67	0.34	0.6	-0.04	0.39	0.49	0.66	0.11	0.21		0.55	0.51	-0.16	0.51	0.46	0.26	0.16	0.32	0.08	0.49	0.47
Short Term Investments	0.78	0.87	-0.23	0.3	0.81	0.83	0.43	0.75	-0.61	0.85	0.61	0.83	0.21	0.2	0.55		0.75	0.24	0.14	0.82	0.77	0.69	0.18	0.45	0.86	0.84
Non Current Liabilities Total	0.69	0.88	-0.17	-0.02	0.69	0.84	0.74	0.86	-0.6	0.78	0.77	0.83	0.22	-0.21	0.51	0.75		0.32	0.23	0.91	0.77	0.72	-0.08	0.37	0.81	0.81
Other Current Assets	0.03	0.26	0.22	-0.08	0.21	0.1	0.1	0.03	-0.18	0.47	0.32	0.09	-0.02	0.02	-0.16	0.24	0.32		0.0	0.28	0.49	0.6	-0.15	0.35	0.14	0.18
Other Stockholder Equity	0.05	0.21	-0.18	-0.03	0.2	0.25	0.26	0.27	0.15	0.04	0.42	0.24	-0.02	0.04	0.51	0.14	0.23	0.0		0.2	0.12	0.08	0.69	-0.03	0.05	0.05
Total Liab	0.81	0.96	-0.26	0.39	0.76	0.93	0.81	0.95	-0.7	0.82	0.81	0.93	0.24	-0.22	0.46	0.82	0.91	0.28	0.2		0.89	0.76	0.18	0.37	0.93	0.92
Property Plant And Equipment Gross	0.67	0.92	-0.17	0.42	0.82	0.83	0.68	0.73	-0.49	0.84	0.63	0.83	0.22	-0.21	0.26	0.77	0.77	0.49	0.12	0.89		0.86	0.14	0.43	0.81	0.82
Total Current Assets	0.59	0.76	-0.31	0.23	0.63	0.64	0.59	0.55	-0.58	0.9	0.75	0.59	-0.18	0.15	0.16	0.69	0.72	0.6	0.08	0.76	0.86		0.08	0.09	0.72	0.74
Short Term Debt	0.2	0.19	-0.39	0.62	0.18	0.26	0.19	0.25	-0.02	0.04	0.35	0.23	-0.14	0.22	0.32	0.18	-0.08	-0.15	0.69	0.18	0.14	0.08		-0.17	0.15	0.12
Other Assets	0.15	0.38	0.35	0.07	0.34	0.31	0.06	0.32	-0.16	0.26	0.0	0.39	0.77	-0.45	0.08	0.45	0.37	0.35	-0.03	0.37	0.43	0.09	-0.17		0.27	0.28
Common Stock	0.93	0.93	-0.19	0.45	0.79	0.92	0.68	0.88	-0.74	0.87	0.75	0.91	0.2	-0.02	0.49	0.86	0.81	0.14	0.05	0.93	0.81	0.72	0.15	0.27		0.99
Common Stock Total Equity	0.93	0.91	-0.19	0.44	0.77	0.89	0.69	0.86	-0.73	0.87	0.74	0.88	0.21	-0.04	0.47	0.84	0.81	0.18	0.05	0.92	0.82	0.74	0.12	0.28	0.99

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Mountain Province Account Relationship Matchups

Mountain Province fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	210.1M	210.4M	212.0M	212.7M	211.5M	108.3M
Total Assets	822.7M	595.3M	877.5M	898.5M	932.2M	978.8M
Other Current Liab	2.4M	2.5M	721K	7.2M	5.2M	3.2M
Total Current Liabilities	50.6M	75.7M	413.3M	52.2M	62.8M	34.5M
Total Stockholder Equity	336.1M	73.7M	350.7M	407.2M	361.0M	379.1M
Property Plant And Equipment Net	672.3M	451.4M	714.5M	686.1M	590.8M	620.4M
Net Debt	346.0M	372.5M	351.0M	300.2M	277.2M	291.1M
Retained Earnings	(302.5M)	(566.0M)	(289.8M)	(240.6M)	(284.3M)	(270.0M)
Accounts Payable	47.3M	41.0M	36.9M	43.6M	56.8M	59.6M
Cash	34.8M	35.2M	25M	17.2M	29.7M	31.2M
Non Current Assets Total	672.7M	466.8M	739.9M	717.0M	623.5M	654.6M
Non Currrent Assets Other	450K	15.4M	25.4M	31.0M	32.6M	32.1M
Cash And Short Term Investments	34.8M	35.2M	25M	17.2M	29.7M	18.8M
Net Receivables	1.7M	797K	877K	912K	1.1M	716.0K
Liabilities And Stockholders Equity	822.7M	595.3M	877.5M	898.5M	856.9M	899.7M
Non Current Liabilities Total	436.0M	445.9M	113.4M	439.1M	508.4M	533.8M
Other Current Assets	1.8M	2.0M	1.9M	2.9M	15.4M	16.2M
Total Liab	486.5M	521.6M	526.8M	491.4M	571.2M	599.8M
Property Plant And Equipment Gross	672.3M	451.4M	1.1B	1.2B	1.4B	1.4B
Total Current Assets	150.0M	128.5M	137.6M	181.5M	233.4M	245.1M
Short Term Debt	811K	32.2M	375.7M	317K	174K	165.3K
Other Assets	450K	15.4M	25.4M	(1K)	75.4M	79.1M
Common Stock	631.2M	631.5M	631.7M	637.9M	634.1M	518.8M
Common Stock Total Equity	475.6M	629.8M	631.2M	631.5M	726.2M	498.8M
Other Liab	56.1M	70.4M	113.1M	122.1M	140.4M	147.4M
Net Tangible Assets	336.1M	73.7M	350.7M	407.2M	468.2M	322.9M
Inventory	111.8M	90.5M	109.8M	160.8M	187.2M	104.7M
Property Plant Equipment	672.3M	451.4M	714.5M	686.1M	789.0M	598.6M
Short Long Term Debt Total	380.7M	407.7M	376.0M	317.4M	306.9M	288.1M
Long Term Debt	378.9M	374.7M	0.0	317.0M	285.3M	247.3M
Long Term Debt Total	379.9M	375.5M	336K	317.1M	285.4M	247.6M
Net Invested Capital	715.0M	480.2M	726.3M	724.1M	651.7M	566.5M
Net Working Capital	99.4M	52.8M	(275.7M)	129.3M	116.3M	122.2M

Pair Trading with Mountain Province

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 Mountain Province 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 Mountain Province will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mountain Stock

0.78	ORE	Orezone Gold Corp	Pair Corr
0.82	INFM	Infinico Metals Corp	Pair Corr

Moving against Mountain Stock

0.81	FFH	Fairfax Financial	Pair Corr
0.81	FFH-PC	Fairfax Fin Hld	Pair Corr
0.81	RY-PM	Royal Bank	Pair Corr
0.78	HUT	Hut 8 Mining	Pair Corr
0.77	DBO	D Box Technologies	Pair Corr

The ability to find closely correlated positions to Mountain Province could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mountain Province 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 Mountain Province - 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 Mountain Province Diamonds to buy it.

The correlation of Mountain Province 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 Mountain Province moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mountain Province 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 Mountain Province 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 Mountain Stock

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

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Mountain Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Mountain Province fundamental ratios Correlations

Mountain Province Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mountain Province fundamental ratios Accounts

Pair Trading with Mountain Province

Moving together with Mountain Stock

Moving against Mountain Stock

Other Information on Investing in Mountain Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock Total Equity	+ 0.99	Common Stock
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.96	Total Assets
Total Liab	+ 0.95	Net Debt

Common Stock	- 0.74	Retained Earnings
Common Stock Total Equity	- 0.73	Retained Earnings
Retained Earnings	- 0.73	Common Stock Shares Outstanding
Total Liab	- 0.7	Retained Earnings
Cash	- 0.65	Retained Earnings
Accounts Payable	- 0.65	Retained Earnings