Mynaric Other Assets vs Cash And Short Term Investments Analysis

0AR9 Stock

5.02 0.10 1.95%

Mynaric AG financial indicator trend analysis is infinitely more than just investigating Mynaric AG recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mynaric AG is a good investment. Please check the relationship between Mynaric AG Other Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mynaric AG. 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.

Other Assets vs Cash And Short Term Investments

Other Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mynaric AG Other Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Mynaric AG's Other Assets and Cash And Short Term Investments is -0.12. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Mynaric AG, assuming nothing else is changed. The correlation between historical values of Mynaric AG's Other Assets and Cash And Short Term 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 Other Assets of Mynaric AG are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Assets i.e., Mynaric AG's Other Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

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Other Assets

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Mynaric AG balance sheet. This account contains Mynaric AG investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mynaric AG fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Mynaric AG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mynaric AG 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Mynaric AG. 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 drop to about 26.1 M in 2024

Mynaric AG fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Assets	Accounts Payable	Short Term Investments	Current Deferred Revenue
Total Assets		0.75	0.81	0.08	0.94	0.34	-0.88	0.77	0.98	0.24	-0.58	0.77	0.46	0.8	0.88	0.96	0.79	0.97	0.86	0.96	0.76	0.75	0.91	0.89	-0.96	0.68
Other Current Liab	0.75		0.77	-0.04	0.8	0.44	-0.82	0.31	0.84	0.3	-0.77	0.31	0.78	0.87	0.78	0.87	0.65	0.61	0.75	0.79	0.59	0.53	0.7	0.75	-0.78	0.46
Total Current Liabilities	0.81	0.77		-0.5	0.96	0.82	-0.99	0.28	0.88	0.33	-0.79	0.28	0.73	0.81	0.99	0.87	0.99	0.71	0.52	0.81	0.97	0.95	0.86	0.97	-0.72	0.92
Total Stockholder Equity	0.08	-0.04	-0.5		-0.25	-0.89	0.37	0.57	-0.03	-0.19	0.41	0.57	-0.41	-0.12	-0.39	-0.04	-0.54	0.19	0.44	0.06	-0.58	-0.58	-0.15	-0.35	-0.2	-0.65
Property Plant And Equipment Net	0.94	0.8	0.96	-0.25		0.65	-0.98	0.5	0.97	0.28	-0.72	0.5	0.61	0.85	0.98	0.97	0.94	0.85	0.7	0.91	0.91	0.9	0.94	0.98	-0.88	0.85
Net Debt	0.34	0.44	0.82	-0.89	0.65		-0.73	-0.28	0.46	0.25	-0.64	-0.28	0.61	0.49	0.74	0.47	0.83	0.2	-0.02	0.35	0.84	0.84	0.53	0.7	-0.24	0.86
Retained Earnings	-0.88	-0.82	-0.99	0.37	-0.98	-0.73		-0.39	-0.93	-0.31	0.78	-0.39	-0.7	-0.87	-0.99	-0.93	-0.96	-0.78	-0.63	-0.88	-0.94	-0.91	-0.91	-0.98	0.8	-0.87
Cash	0.77	0.31	0.28	0.57	0.5	-0.28	-0.39		0.63	0.09	-0.12	1.0	0.0	0.43	0.39	0.59	0.3	0.88	0.79	0.71	0.28	0.29	0.56	0.44	-0.75	0.22
Non Current Assets Total	0.98	0.84	0.88	-0.03	0.97	0.46	-0.93	0.63		0.31	-0.68	0.63	0.58	0.86	0.93	0.99	0.84	0.91	0.85	0.94	0.8	0.78	0.92	0.93	-0.96	0.72
Non Currrent Assets Other	0.24	0.3	0.33	-0.19	0.28	0.25	-0.31	0.09	0.31		-0.76	0.07	0.41	0.32	0.35	0.32	0.32	0.23	0.29	0.06	0.26	0.3	0.32	0.32	-0.35	0.3
Other Assets	-0.58	-0.77	-0.79	0.41	-0.72	-0.64	0.78	-0.12	-0.68	-0.76		-0.12	-0.83	-0.74	-0.78	-0.71	-0.73	-0.48	-0.48	-0.52	-0.69	-0.67	-0.64	-0.73	0.61	-0.64
Cash And Short Term Investments	0.77	0.31	0.28	0.57	0.5	-0.28	-0.39	1.0	0.63	0.07	-0.12		0.0	0.43	0.39	0.59	0.29	0.88	0.79	0.71	0.28	0.28	0.56	0.44	-0.74	0.22
Net Receivables	0.46	0.78	0.73	-0.41	0.61	0.61	-0.7	0.0	0.58	0.41	-0.83	0.0		0.65	0.68	0.57	0.64	0.35	0.39	0.52	0.62	0.55	0.4	0.59	-0.45	0.54
Common Stock Shares Outstanding	0.8	0.87	0.81	-0.12	0.85	0.49	-0.87	0.43	0.86	0.32	-0.74	0.43	0.65		0.84	0.88	0.74	0.7	0.78	0.81	0.69	0.66	0.8	0.83	-0.8	0.6
Inventory	0.88	0.78	0.99	-0.39	0.98	0.74	-0.99	0.39	0.93	0.35	-0.78	0.39	0.68	0.84		0.92	0.98	0.78	0.62	0.86	0.95	0.94	0.92	0.99	-0.8	0.9
Other Stockholder Equity	0.96	0.87	0.87	-0.04	0.97	0.47	-0.93	0.59	0.99	0.32	-0.71	0.59	0.57	0.88	0.92		0.83	0.88	0.83	0.93	0.78	0.77	0.93	0.93	-0.95	0.69
Total Liab	0.79	0.65	0.99	-0.54	0.94	0.83	-0.96	0.3	0.84	0.32	-0.73	0.29	0.64	0.74	0.98	0.83		0.71	0.45	0.77	0.99	0.99	0.86	0.96	-0.68	0.97
Total Current Assets	0.97	0.61	0.71	0.19	0.85	0.2	-0.78	0.88	0.91	0.23	-0.48	0.88	0.35	0.7	0.78	0.88	0.71		0.84	0.93	0.68	0.68	0.86	0.81	-0.92	0.62
Intangible Assets	0.86	0.75	0.52	0.44	0.7	-0.02	-0.63	0.79	0.85	0.29	-0.48	0.79	0.39	0.78	0.62	0.83	0.45	0.84		0.81	0.39	0.37	0.7	0.63	-0.94	0.28
Common Stock	0.96	0.79	0.81	0.06	0.91	0.35	-0.88	0.71	0.94	0.06	-0.52	0.71	0.52	0.81	0.86	0.93	0.77	0.93	0.81		0.75	0.71	0.86	0.87	-0.89	0.64
Short Long Term Debt Total	0.76	0.59	0.97	-0.58	0.91	0.84	-0.94	0.28	0.8	0.26	-0.69	0.28	0.62	0.69	0.95	0.78	0.99	0.68	0.39	0.75		0.99	0.83	0.94	-0.63	0.98
Non Current Liabilities Total	0.75	0.53	0.95	-0.58	0.9	0.84	-0.91	0.29	0.78	0.3	-0.67	0.28	0.55	0.66	0.94	0.77	0.99	0.68	0.37	0.71	0.99		0.83	0.93	-0.63	0.99
Other Current Assets	0.91	0.7	0.86	-0.15	0.94	0.53	-0.91	0.56	0.92	0.32	-0.64	0.56	0.4	0.8	0.92	0.93	0.86	0.86	0.7	0.86	0.83	0.83		0.96	-0.85	0.78
Accounts Payable	0.89	0.75	0.97	-0.35	0.98	0.7	-0.98	0.44	0.93	0.32	-0.73	0.44	0.59	0.83	0.99	0.93	0.96	0.81	0.63	0.87	0.94	0.93	0.96		-0.81	0.89
Short Term Investments	-0.96	-0.78	-0.72	-0.2	-0.88	-0.24	0.8	-0.75	-0.96	-0.35	0.61	-0.74	-0.45	-0.8	-0.8	-0.95	-0.68	-0.92	-0.94	-0.89	-0.63	-0.63	-0.85	-0.81		-0.54
Current Deferred Revenue	0.68	0.46	0.92	-0.65	0.85	0.86	-0.87	0.22	0.72	0.3	-0.64	0.22	0.54	0.6	0.9	0.69	0.97	0.62	0.28	0.64	0.98	0.99	0.78	0.89	-0.54

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Mynaric AG Account Relationship Matchups

Mynaric AG fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	31.6M	91.5M	111.7M	83.9M	119.1M	125.0M
Other Current Liab	2.0M	4.8M	7.7M	22.7M	11.2M	11.8M
Total Current Liabilities	3.8M	8.9M	13.7M	43.2M	74.9M	78.6M
Total Stockholder Equity	21.7M	70.7M	84.9M	27.8M	(49.3M)	(46.8M)
Property Plant And Equipment Net	10.7M	18.0M	25.6M	31.1M	49.1M	51.6M
Net Debt	(2.2M)	(35.2M)	(39.1M)	11.8M	64.1M	67.3M
Retained Earnings	(27.5M)	(47.3M)	(92.8M)	(166.5M)	(260.1M)	(247.1M)
Cash	8.9M	43.2M	48.1M	10.2M	24.0M	17.7M
Non Current Assets Total	10.7M	41.2M	49.6M	53.5M	63.6M	66.8M
Non Currrent Assets Other	(10.7M)	359K	411K	449K	1.2M	1.3M
Cash And Short Term Investments	9.7M	43.2M	48.1M	10.4M	24.0M	17.9M
Net Receivables	(1.1M)	550K	(1.1M)	3.3M	2.0M	2.1M
Common Stock Shares Outstanding	2.9M	3.3M	4.3M	5.4M	6.0M	3.8M
Liabilities And Stockholders Equity	34.5M	91.5M	111.7M	83.9M	119.1M	125.0M
Inventory	1.3M	5.3M	8.5M	13.3M	22.7M	23.8M
Other Stockholder Equity	45.5M	108.2M	172.6M	189.3M	204.0M	214.2M
Total Liab	9.8M	20.8M	26.8M	56.1M	168.4M	176.8M
Total Current Assets	11.9M	50.3M	62.1M	30.4M	55.4M	58.2M
Accumulated Other Comprehensive Income	(53K)	5.8M	(184K)	(595K)	531K	504.5K
Intangible Assets	85K	17.9M	20.0M	18.1M	13.3M	7.5M
Common Stock	2.9M	4.0M	5.2M	5.7M	6.2M	6.5M
Non Current Liabilities Total	6.1M	11.9M	13.1M	12.9M	104.8M	110.1M
Other Current Assets	987K	1.3M	6.5M	3.3M	6.8M	7.2M
Accounts Payable	1.2M	1.7M	4.4M	4.2M	7.6M	8.0M
Short Term Investments	782K	77K	48K	172K	154.8K	147.1K

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Mynaric Other Assets vs Cash And Short Term Investments Analysis

Other Assets vs Cash And Short Term Investments

Other Assets vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Other Assets

Cash And Short Term Investments

Mynaric AG fundamental ratios Correlations

Mynaric AG Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mynaric AG fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.99	Inventory
Short Long Term Debt Total	+ 0.99	Total Liab

Inventory	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Total Current Liabilities
Accounts Payable	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Property Plant And Equipment Net
Short Term Investments	- 0.96	Non Current Assets Total
Total Liab	- 0.96	Retained Earnings