| MYNZ Stock | | | USD 6.15 0.47 8.27% |
Mainz Biomed financial indicator trend analysis is infinitely more than just investigating Mainz Biomed BV recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainz Biomed BV is a good investment. Please check the relationship between Mainz Biomed Long Term Debt and its Capital Lease Obligations accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainz Biomed BV. 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.
Long Term Debt vs Capital Lease Obligations
Long Term Debt vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mainz Biomed BV Long Term Debt account and
Capital Lease Obligations. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mainz Biomed's Long Term Debt and Capital Lease Obligations is 0.51. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Mainz Biomed BV, assuming nothing else is changed. The correlation between historical values of Mainz Biomed's Long Term Debt and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Mainz Biomed BV are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Long Term Debt i.e., Mainz Biomed's Long Term Debt and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Mainz Biomed BV has held for over one year. Long-term debt appears on Mainz Biomed BV balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Mainz Biomed BV balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Capital Lease Obligations
Mainz Biomed BV capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Mainz Biomed asset purchases. For example, Mainz Biomed can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Mainz Biomed control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from Mainz Biomed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainz Biomed BV 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 Mainz Biomed BV. 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.
Issuance Of Capital Stock is likely to rise to about 9
M in 2025, whereas
Selling General Administrative is likely to drop slightly above 8.9
M in 2025.
Mainz Biomed fundamental ratios Correlations
Click cells to compare fundamentals
Mainz Biomed Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mainz Biomed fundamental ratios Accounts
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