McChip Capital Stock vs Total Current Liabilities Analysis
MCS Stock | CAD 0.80 0.00 0.00% |
McChip Resources financial indicator trend analysis is infinitely more than just investigating McChip Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McChip Resources is a good investment. Please check the relationship between McChip Resources Capital Stock and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McChip Resources. 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.
Capital Stock vs Total Current Liabilities
Capital Stock vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McChip Resources Capital Stock account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between McChip Resources' Capital Stock and Total Current Liabilities is 0.66. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of McChip Resources, assuming nothing else is changed. The correlation between historical values of McChip Resources' Capital Stock and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of McChip Resources are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Capital Stock i.e., McChip Resources' Capital Stock and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Total Current Liabilities
Total Current Liabilities is an item on McChip 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 McChip Resources 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.Most indicators from McChip Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McChip Resources 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 McChip Resources. 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. Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is likely to drop slightly above 718.1 K in 2024.
McChip Resources fundamental ratios Correlations
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McChip Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
McChip Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.0M | 8.2M | 9.6M | 9.8M | 10.3M | 7.4M | |
Total Current Liabilities | 1.3M | 824.7K | 1.0M | 1.7M | 2.1M | 1.1M | |
Total Stockholder Equity | 5.7M | 7.4M | 8.6M | 8.0M | 8.2M | 6.3M | |
Net Tangible Assets | 5.5M | 5.7M | 7.4M | 8.6M | 9.9M | 5.7M | |
Retained Earnings | (466.3K) | 1.2M | 2.2M | 1.6M | 1.8M | 1.9M | |
Accounts Payable | 202.8K | 199.3K | 186.8K | 213.2K | 274.5K | 221.4K | |
Cash | 418.0K | 452.6K | 523.4K | 915.1K | 471.8K | 569.9K | |
Net Receivables | 669.4K | 557.7K | 567.6K | 503.2K | 512.0K | 470.0K | |
Short Term Investments | 4.9M | 6.0M | 7.3M | 7.4M | 8.4M | 4.5M | |
Other Current Assets | 58.8K | 45.0K | 46.2K | 72.9K | 83.8K | 53.8K | |
Total Liab | 1.3M | 831.5K | 1.0M | 1.8M | 2.1M | 1.1M | |
Long Term Investments | 514.9K | 667.4K | 792.2K | 942.0K | 847.8K | 1.1M | |
Short Long Term Debt | 1.1M | 610.4K | 823.2K | 1.5M | 1.8M | 1.9M | |
Total Current Assets | 6.0M | 7.0M | 8.3M | 8.8M | 9.4M | 5.6M | |
Non Current Assets Total | 990.9K | 1.1M | 1.3M | 1.0M | 988.0K | 1.0M | |
Other Assets | 288.8K | 115.5K | 114.0K | 113.9K | 102.5K | 129.2K | |
Net Invested Capital | 6.8M | 8.0M | 9.5M | 9.5M | 10.0M | 8.8M | |
Net Working Capital | 4.7M | 6.2M | 7.3M | 7.1M | 7.3M | 6.5M |
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When running McChip Resources' price analysis, check to measure McChip 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 McChip Resources is operating at the current time. Most of McChip Resources' value examination focuses on studying past and present price action to predict the probability of McChip Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McChip Resources' price. Additionally, you may evaluate how the addition of McChip Resources to your portfolios can decrease your overall portfolio volatility.