Maritime Historical Balance Sheet

MAE Stock  CAD 0.06  0.01  8.33%   
Trend analysis of Maritime Resources Corp balance sheet accounts such as Net Debt of 4.8 M provides information on Maritime Resources' total assets, liabilities, and equity, which is the actual value of Maritime Resources Corp to its prevalent stockholders. By breaking down trends over time using Maritime Resources 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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Financial Statement Analysis is much more than just reviewing and examining Maritime Resources Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Maritime Resources Corp is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maritime Resources Corp. 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.

About Maritime Balance Sheet Analysis

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

Maritime Resources Balance Sheet Chart

At this time, Maritime Resources' Total Liabilities is fairly stable compared to the past year. Net Receivables is likely to climb to about 1.2 M in 2024, whereas Total Current Assets are likely to drop slightly above 1.7 M in 2024.

Total Assets

Total assets refers to the total amount of Maritime Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Maritime Resources Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Maritime Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Maritime Resources Corp 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.

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.

Accounts Payable

An accounting item on the balance sheet that represents Maritime Resources 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 Maritime Resources Corp 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most accounts from Maritime Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Maritime Resources Corp 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 Maritime Resources Corp. 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, Maritime Resources' Total Liabilities is fairly stable compared to the past year. Net Receivables is likely to climb to about 1.2 M in 2024, whereas Total Current Assets are likely to drop slightly above 1.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Current Liabilities1.1M927.8K1.0M557.0K
Total Assets38.1M39.9M52.9M55.6M

Maritime Resources balance sheet Correlations

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Maritime Resources Account Relationship Matchups

Maritime Resources balance sheet Accounts

201920202021202220232024 (projected)
Total Assets14.1M26.2M38.1M39.9M52.9M55.6M
Total Current Liabilities511.0K1.2M1.1M927.8K1.0M557.0K
Total Stockholder Equity13.6M24.9M35.9M37.9M39.0M40.9M
Net Debt(1.8M)(6.4M)(3.9M)(2.1M)4.6M4.8M
Accounts Payable364.4K943.2K724.2K742.7K720.0K756.0K
Cash1.8M6.4M4.3M2.5M1.1M1.5M
Non Current Assets Total12.0M19.3M33.3M36.9M50.4M52.9M
Cash And Short Term Investments1.8M6.4M4.3M2.5M1.1M1.5M
Common Stock Shares Outstanding173.3M247.3M377.1M420.4M523.1M549.3M
Liabilities And Stockholders Equity14.1M26.2M38.1M39.9M52.9M55.6M
Total Liab511.0K1.3M2.2M2.0M14.0M14.7M
Total Current Assets2.1M6.9M4.8M3.0M2.6M1.7M
Retained Earnings(9.5M)(10.7M)(12.0M)(13.5M)(15.7M)(14.9M)
Net Receivables161.5K340.0K298.2K136.7K1.2M1.2M
Other Stockholder Equity2.5M2.2M2.8M2.2M2.0M2.2M
Property Plant And Equipment Net12.0M18.7M33.2M36.8M11.3M13.0M
Other Current Liab47.6K203.6K223.3K102.7K887.4K931.8K
Accumulated Other Comprehensive Income2.5M2.2M2.8M2.2M2.7M1.7M
Net Tangible Assets13.6M24.9M35.9M37.9M43.6M45.7M
Common Stock20.6M33.4M45.1M49.2M52.0M54.6M
Property Plant Equipment12.0M18.7M33.2M36.8M42.3M44.5M
Other Current Assets120.2K116.3K141.6K137.8K349.9K367.4K
Non Currrent Assets Other12.0M576.0K119.9K111.7K38.8M40.8M
Net Invested Capital13.6M24.9M35.9M37.9M44.2M27.2M
Net Working Capital1.6M5.6M3.6M2.1M1.6M2.6M
Capital Stock20.6M33.4M45.1M49.2M52.0M39.5M

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Additional Tools for Maritime Stock Analysis

When running Maritime Resources' price analysis, check to measure Maritime Resources' 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 Maritime Resources is operating at the current time. Most of Maritime Resources' value examination focuses on studying past and present price action to predict the probability of Maritime Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maritime Resources' price. Additionally, you may evaluate how the addition of Maritime Resources to your portfolios can decrease your overall portfolio volatility.