Magna Historical Balance Sheet
| NICU Stock | 1.42 0.01 0.71% |
Trend analysis of Magna Mining balance sheet accounts such as Net Tangible Assets of 5.7 M provides information on Magna Mining's total assets, liabilities, and equity, which is the actual value of Magna Mining to its prevalent stockholders. By breaking down trends over time using Magna Mining balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Magna Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Magna Mining at a specified time, usually calculated after every quarter, six months, or one year. Magna Mining Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Magna Mining 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 Magna currently owns. An asset can also be divided into two categories, current and non-current.
Magna Mining Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Magna Mining balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magna Mining are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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.Accounts Payable
An accounting item on the balance sheet that represents Magna Mining obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Magna Mining are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from Magna Mining's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Magna Mining current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Magna Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At this time, Magna Mining's Other Current Liabilities is fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 5.7 M in 2024, whereas Other Liabilities is likely to drop slightly above 740.1 K in 2024.
| 2021 | 2023 | 2024 (projected) | Total Current Liabilities | 1.5M | 4.6M | 2.4M | Other Current Liabilities | 593.4K | 682.4K | 716.5K |
Magna Mining balance sheet Correlations
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When running Magna Mining's price analysis, check to measure Magna Mining'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 Magna Mining is operating at the current time. Most of Magna Mining's value examination focuses on studying past and present price action to predict the probability of Magna Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna Mining's price. Additionally, you may evaluate how the addition of Magna Mining to your portfolios can decrease your overall portfolio volatility.