Minnova Capex To Depreciation vs Free Cash Flow Yield Analysis

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Minnova Corp financial indicator trend analysis is infinitely more than just investigating Minnova Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Minnova Corp is a good investment. Please check the relationship between Minnova Corp Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Minnova 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minnova Corp Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Minnova Corp's Capex To Depreciation and Free Cash Flow Yield is 0.19. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Minnova Corp, assuming nothing else is changed. The correlation between historical values of Minnova Corp's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Minnova Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Minnova Corp's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Minnova Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minnova Corp 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 Minnova 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, Minnova Corp's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 4.6 M in 2024, despite the fact that Discontinued Operations is likely to grow to (71.5 K).

Minnova Corp fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Current Deferred Revenue	Other Assets	Short Long Term Debt	Common Stock
Total Assets		-0.02	0.33	0.98	1.0	-0.04	0.62	0.37	0.3	1.0	0.18	0.79	-0.38	0.34	0.4	0.47	0.23	0.17	-0.01	-0.01	0.07	0.67	-0.07	0.56	-0.05	-0.16
Other Current Liab	-0.02		-0.23	-0.02	-0.02	-0.41	-0.54	-0.44	-0.01	-0.02	0.04	0.13	0.6	-0.23	0.02	0.11	-0.38	0.34	-0.72	-0.72	0.23	0.05	-0.74	-0.25	-0.75	0.69
Total Current Liabilities	0.33	-0.23		0.15	0.33	0.75	0.24	0.78	0.21	0.33	0.2	0.55	-0.39	0.72	0.9	0.23	0.07	0.48	0.62	0.62	0.23	0.26	0.57	0.45	0.56	-0.56
Total Stockholder Equity	0.98	-0.02	0.15		0.98	-0.18	0.66	0.23	0.28	0.98	0.15	0.71	-0.38	0.22	0.2	0.45	0.23	0.01	-0.09	-0.09	-0.02	0.69	-0.14	0.54	-0.12	-0.12
Property Plant And Equipment Net	1.0	-0.02	0.33	0.98		-0.02	0.61	0.36	0.26	1.0	0.14	0.77	-0.37	0.3	0.39	0.43	0.2	0.18	-0.02	-0.02	0.08	0.67	-0.08	0.55	-0.06	-0.15
Net Debt	-0.04	-0.41	0.75	-0.18	-0.02		0.1	0.45	-0.32	-0.03	-0.35	0.01	-0.26	0.28	0.59	-0.34	-0.27	0.26	0.69	0.69	0.38	-0.07	0.65	0.17	0.64	-0.43
Retained Earnings	0.62	-0.54	0.24	0.66	0.61	0.1		0.35	0.31	0.62	0.16	0.5	-0.91	0.42	-0.01	0.36	0.43	-0.48	0.53	0.53	-0.09	0.69	0.52	0.82	0.55	-0.73
Accounts Payable	0.37	-0.44	0.78	0.23	0.36	0.45	0.35		0.29	0.37	0.26	0.57	-0.51	0.68	0.75	0.26	0.57	0.41	0.58	0.58	0.09	0.27	0.58	0.48	0.58	-0.58
Cash	0.3	-0.01	0.21	0.28	0.26	-0.32	0.31	0.29		0.27	0.98	0.51	-0.4	0.79	0.19	0.97	0.49	-0.01	0.2	0.2	-0.14	0.24	0.18	0.32	0.2	-0.35
Non Current Assets Total	1.0	-0.02	0.33	0.98	1.0	-0.03	0.62	0.37	0.27		0.14	0.77	-0.37	0.31	0.4	0.44	0.21	0.18	-0.02	-0.02	0.07	0.67	-0.07	0.55	-0.06	-0.15
Cash And Short Term Investments	0.18	0.04	0.2	0.15	0.14	-0.35	0.16	0.26	0.98	0.14		0.42	-0.26	0.75	0.19	0.93	0.45	0.03	0.14	0.14	-0.23	0.12	0.13	0.2	0.14	-0.28
Net Receivables	0.79	0.13	0.55	0.71	0.77	0.01	0.5	0.57	0.51	0.77	0.42		-0.47	0.59	0.58	0.63	0.43	0.28	0.16	0.16	0.11	0.74	0.11	0.7	0.12	-0.35
Common Stock Shares Outstanding	-0.38	0.6	-0.39	-0.38	-0.37	-0.26	-0.91	-0.51	-0.4	-0.37	-0.26	-0.47		-0.59	-0.1	-0.38	-0.49	0.42	-0.75	-0.75	-0.01	-0.59	-0.75	-0.85	-0.77	0.9
Other Stockholder Equity	0.34	-0.23	0.72	0.22	0.3	0.28	0.42	0.68	0.79	0.31	0.75	0.59	-0.59		0.61	0.76	0.4	0.21	0.61	0.61	0.1	0.27	0.58	0.5	0.59	-0.66
Total Liab	0.4	0.02	0.9	0.2	0.39	0.59	-0.01	0.75	0.19	0.4	0.19	0.58	-0.1	0.61		0.23	0.06	0.79	0.33	0.33	0.38	0.15	0.27	0.23	0.27	-0.23
Total Current Assets	0.47	0.11	0.23	0.45	0.43	-0.34	0.36	0.26	0.97	0.44	0.93	0.63	-0.38	0.76	0.23		0.41	0.02	0.1	0.1	-0.13	0.37	0.07	0.39	0.09	-0.29
Non Currrent Assets Other	0.23	-0.38	0.07	0.23	0.2	-0.27	0.43	0.57	0.49	0.21	0.45	0.43	-0.49	0.4	0.06	0.41		-0.04	0.35	0.35	-0.14	0.26	0.39	0.4	0.4	-0.46
Non Current Liabilities Total	0.17	0.34	0.48	0.01	0.18	0.26	-0.48	0.41	-0.01	0.18	0.03	0.28	0.42	0.21	0.79	0.02	-0.04		-0.14	-0.14	0.49	-0.16	-0.18	-0.24	-0.2	0.29
Short Long Term Debt Total	-0.01	-0.72	0.62	-0.09	-0.02	0.69	0.53	0.58	0.2	-0.02	0.14	0.16	-0.75	0.61	0.33	0.1	0.35	-0.14		1.0	0.17	0.1	0.99	0.49	0.99	-0.87
Short Term Debt	-0.01	-0.72	0.62	-0.09	-0.02	0.69	0.53	0.58	0.2	-0.02	0.14	0.16	-0.75	0.61	0.33	0.1	0.35	-0.14	1.0		0.17	0.1	0.99	0.49	0.99	-0.87
Other Liab	0.07	0.23	0.23	-0.02	0.08	0.38	-0.09	0.09	-0.14	0.07	-0.23	0.11	-0.01	0.1	0.38	-0.13	-0.14	0.49	0.17	0.17		0.06	0.11	0.09	0.11	0.07
Net Tangible Assets	0.67	0.05	0.26	0.69	0.67	-0.07	0.69	0.27	0.24	0.67	0.12	0.74	-0.59	0.27	0.15	0.37	0.26	-0.16	0.1	0.1	0.06		0.07	0.91	0.09	-0.39
Current Deferred Revenue	-0.07	-0.74	0.57	-0.14	-0.08	0.65	0.52	0.58	0.18	-0.07	0.13	0.11	-0.75	0.58	0.27	0.07	0.39	-0.18	0.99	0.99	0.11	0.07		0.46	1.0	-0.87
Other Assets	0.56	-0.25	0.45	0.54	0.55	0.17	0.82	0.48	0.32	0.55	0.2	0.7	-0.85	0.5	0.23	0.39	0.4	-0.24	0.49	0.49	0.09	0.91	0.46		0.48	-0.71
Short Long Term Debt	-0.05	-0.75	0.56	-0.12	-0.06	0.64	0.55	0.58	0.2	-0.06	0.14	0.12	-0.77	0.59	0.27	0.09	0.4	-0.2	0.99	0.99	0.11	0.09	1.0	0.48		-0.88
Common Stock	-0.16	0.69	-0.56	-0.12	-0.15	-0.43	-0.73	-0.58	-0.35	-0.15	-0.28	-0.35	0.9	-0.66	-0.23	-0.29	-0.46	0.29	-0.87	-0.87	0.07	-0.39	-0.87	-0.71	-0.88

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Minnova Corp Account Relationship Matchups

Minnova Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.4M	20.9M	21.2M	383.1K	222.1K	211.0K
Other Current Liab	603.2K	769.7K	281.8K	890.9K	1.0M	545.2K
Total Current Liabilities	1.8M	1.6M	790.4K	890.9K	1.3M	2.0M
Total Stockholder Equity	14.2M	16.2M	17.5M	(4.0M)	(4.4M)	(4.2M)
Property Plant And Equipment Net	19.2M	20.4M	20.9M	207.8K	193.4K	183.7K
Net Debt	(21.0K)	(131.5K)	(138.0K)	(41.7K)	115.8K	94.7K
Retained Earnings	(9.1M)	(10.1M)	(9.2M)	(31.1M)	(31.1M)	(29.6M)
Accounts Payable	1.2M	851.2K	508.6K	521.6K	832.0K	830.2K
Cash	21.0K	131.5K	138.0K	129.7K	1.4K	1.3K
Non Current Assets Total	19.2M	20.5M	20.9M	207.8K	193.4K	183.7K
Cash And Short Term Investments	21.0K	131.5K	138.0K	129.7K	116.8K	180.9K
Net Receivables	110.3K	142.7K	54.8K	42.3K	27.4K	26.0K
Common Stock Shares Outstanding	32.5M	38.3M	45.7M	58.2M	70.0M	73.5M
Liabilities And Stockholders Equity	19.4M	20.9M	21.2M	383.1K	440.6K	418.6K
Other Stockholder Equity	1.7M	2.5M	2.1M	1.7M	1.6M	1.5M
Total Liab	5.2M	4.7M	3.7M	4.4M	4.6M	4.7M
Total Current Assets	142.4K	453.1K	337.1K	175.4K	28.7K	27.3K
Non Current Liabilities Total	3.4M	3.1M	2.9M	3.5M	3.3M	3.4M
Accumulated Other Comprehensive Income	1.7M	2.5M	2.1M	1.7M	2.0M	2.3M
Other Liab	3.4M	3.1M	2.9M	3.5M	3.2M	2.5M
Net Tangible Assets	14.2M	16.2M	(3.1M)	(4.0M)	(3.6M)	(3.5M)
Common Stock	21.5M	23.9M	24.6M	25.3M	29.1M	21.8M
Property Plant Equipment	19.2M	20.4M	224.0K	207.8K	187.0K	177.6K
Net Invested Capital	14.2M	16.2M	17.5M	(4.0M)	(4.3M)	(4.0M)
Net Working Capital	(1.7M)	(1.2M)	(453.3K)	(715.6K)	(1.3M)	(1.3M)
Capital Stock	21.5M	23.9M	24.6M	25.3M	25.3M	26.0M

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