Mayfair Total Current Liabilities vs Retained Earnings Analysis

MFG Stock

CAD 1.91 0.03 1.55%

Mayfair Gold financial indicator trend analysis is infinitely more than just investigating Mayfair Gold Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mayfair Gold Corp is a good investment. Please check the relationship between Mayfair Gold Total Current Liabilities and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mayfair Gold 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.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mayfair Gold Corp Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Mayfair Gold's Total Current Liabilities and Retained Earnings is -0.9. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Mayfair Gold Corp, assuming nothing else is changed. The correlation between historical values of Mayfair Gold's Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Mayfair Gold Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Mayfair Gold's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

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Total Current Liabilities

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

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.

Most indicators from Mayfair Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mayfair Gold 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 Mayfair Gold 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.

Selling General Administrative is likely to drop to about 4.1 M in 2024. Issuance Of Capital Stock is likely to drop to about 20.7 M in 2024

	2021	2022	2023	2024 (projected)
Interest Income	28.6K	85.1K	332.4K	349.1K
Net Interest Income	28.6K	85.1K	332.4K	349.1K

Interest Income Net Interest Income

Mayfair Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Cash	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Accounts Payable	Net Receivables	Other Current Assets	Other Stockholder Equity	Property Plant Equipment
Total Assets		0.89	0.93	1.0	0.99	-0.83	0.95	0.8	0.93	1.0	0.95	0.96	0.94	0.97	0.76	0.84	0.5	0.92	0.67
Other Current Liab	0.89		0.96	0.88	0.86	-0.94	0.93	0.9	0.96	0.88	0.93	0.92	0.91	0.95	0.9	0.93	0.42	0.96	0.76
Total Current Liabilities	0.93	0.96		0.92	0.94	-0.9	0.94	0.89	1.0	0.92	0.95	0.97	0.92	0.95	0.86	0.97	0.42	0.99	0.69
Total Stockholder Equity	1.0	0.88	0.92		0.98	-0.82	0.95	0.79	0.92	1.0	0.95	0.95	0.94	0.97	0.75	0.83	0.51	0.91	0.67
Net Tangible Assets	0.99	0.86	0.94	0.98		-0.81	0.94	0.79	0.94	0.98	0.94	0.97	0.92	0.95	0.74	0.87	0.46	0.92	0.63
Retained Earnings	-0.83	-0.94	-0.9	-0.82	-0.81		-0.85	-0.99	-0.89	-0.82	-0.84	-0.92	-0.82	-0.92	-0.99	-0.9	-0.1	-0.9	-0.89
Cash	0.95	0.93	0.94	0.95	0.94	-0.85		0.83	0.94	0.95	1.0	0.95	1.0	0.93	0.76	0.83	0.56	0.97	0.75
Common Stock Shares Outstanding	0.8	0.9	0.89	0.79	0.79	-0.99	0.83		0.89	0.79	0.83	0.92	0.8	0.87	0.98	0.89	0.04	0.9	0.91
Total Liab	0.93	0.96	1.0	0.92	0.94	-0.89	0.94	0.89		0.92	0.95	0.97	0.92	0.95	0.86	0.97	0.42	0.99	0.69
Net Invested Capital	1.0	0.88	0.92	1.0	0.98	-0.82	0.95	0.79	0.92		0.95	0.95	0.94	0.97	0.75	0.83	0.51	0.91	0.67
Total Current Assets	0.95	0.93	0.95	0.95	0.94	-0.84	1.0	0.83	0.95	0.95		0.95	1.0	0.94	0.76	0.83	0.57	0.97	0.75
Capital Stock	0.96	0.92	0.97	0.95	0.97	-0.92	0.95	0.92	0.97	0.95	0.95		0.93	0.96	0.87	0.91	0.33	0.97	0.79
Net Working Capital	0.94	0.91	0.92	0.94	0.92	-0.82	1.0	0.8	0.92	0.94	1.0	0.93		0.92	0.72	0.79	0.6	0.95	0.75
Common Stock	0.97	0.95	0.95	0.97	0.95	-0.92	0.93	0.87	0.95	0.97	0.94	0.96	0.92		0.87	0.9	0.41	0.93	0.73
Accounts Payable	0.76	0.9	0.86	0.75	0.74	-0.99	0.76	0.98	0.86	0.75	0.76	0.87	0.72	0.87		0.9	-0.02	0.84	0.85
Net Receivables	0.84	0.93	0.97	0.83	0.87	-0.9	0.83	0.89	0.97	0.83	0.83	0.91	0.79	0.9	0.9		0.25	0.92	0.64
Other Current Assets	0.5	0.42	0.42	0.51	0.46	-0.1	0.56	0.04	0.42	0.51	0.57	0.33	0.6	0.41	-0.02	0.25		0.43	-0.01
Other Stockholder Equity	0.92	0.96	0.99	0.91	0.92	-0.9	0.97	0.9	0.99	0.91	0.97	0.97	0.95	0.93	0.84	0.92	0.43		0.77
Property Plant Equipment	0.67	0.76	0.69	0.67	0.63	-0.89	0.75	0.91	0.69	0.67	0.75	0.79	0.75	0.73	0.85	0.64	-0.01	0.77

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Mayfair Total Current Liabilities vs Retained Earnings Analysis

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Retained Earnings

Mayfair Gold fundamental ratios Correlations

Mayfair Gold Account Relationship Matchups

High Positive Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Cash
Net Working Capital	+ 1.0	Cash

Accounts Payable	- 0.99	Retained Earnings
Common Stock Shares Outstanding	- 0.99	Retained Earnings
Retained Earnings	- 0.94	Other Current Liab
Common Stock	- 0.92	Retained Earnings
Capital Stock	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.9	Retained Earnings