Minaurum Net Debt vs Common Stock Shares Outstanding Analysis

MGG Stock

CAD 0.21 0.01 5.00%

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

Net Debt vs Common Stock Shares Outstanding

Net Debt vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Minaurum Gold Net Debt account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Minaurum Gold's Net Debt and Common Stock Shares Outstanding is -0.48. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Minaurum Gold, assuming nothing else is changed. The correlation between historical values of Minaurum Gold's Net Debt and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Minaurum Gold are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., Minaurum Gold's Net Debt and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Minaurum Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Minaurum Gold 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 Minaurum Gold. 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 climb to about 1.4 M in 2024, despite the fact that Tax Provision is likely to grow to (40.9 K).

	2021	2022	2023	2024 (projected)
Interest Income	36.4K	25.1K	12.9K	12.2K
Net Interest Income	36.4K	25.1K	12.9K	12.2K

Interest Income Net Interest Income

Minaurum Gold fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Short Term Investments	Common Stock	Other Liab	Net Tangible Assets	Accounts Payable	Non Current Liabilities Total	Property Plant Equipment	Other Current Liab	Non Currrent Assets Other	Other Current Assets	Other Assets	Net Invested Capital
Total Assets		0.69	1.0	-0.82	-0.69	0.82	0.86	0.0	0.83	0.48	0.82	0.86	0.78	0.83	0.57	0.81	-0.05	0.93	0.77	-0.05	0.68	0.76	0.61	-0.25	-0.57	0.9
Total Current Liabilities	0.69		0.68	-0.52	-0.56	0.52	0.59	-0.15	0.51	0.48	0.91	0.57	0.56	0.58	0.58	0.59	-0.29	0.67	0.73	-0.39	0.57	0.86	0.14	-0.23	-0.45	0.64
Total Stockholder Equity	1.0	0.68		-0.82	-0.69	0.82	0.86	0.0	0.83	0.47	0.81	0.86	0.78	0.83	0.56	0.81	-0.04	0.93	0.77	-0.04	0.68	0.74	0.62	-0.24	-0.57	0.9
Net Debt	-0.82	-0.52	-0.82		0.2	-1.0	-0.98	-0.03	-0.48	0.01	-0.6	-0.97	-0.36	-0.43	-0.44	-0.42	-0.27	-0.69	-0.72	-0.29	-0.24	-0.53	-0.56	0.21	0.08	-0.73
Retained Earnings	-0.69	-0.56	-0.69	0.2		-0.2	-0.26	-0.04	-0.86	-0.93	-0.71	-0.27	-0.87	-0.87	-0.34	-0.92	0.56	-0.81	-0.42	0.61	-0.91	-0.73	-0.25	0.25	0.87	-0.68
Cash	0.82	0.52	0.82	-1.0	-0.2		0.98	0.02	0.48	-0.02	0.6	0.97	0.35	0.43	0.44	0.42	0.28	0.69	0.72	0.3	0.24	0.52	0.57	-0.21	-0.08	0.73
Cash And Short Term Investments	0.86	0.59	0.86	-0.98	-0.26	0.98		-0.01	0.51	0.07	0.67	0.99	0.42	0.48	0.62	0.48	0.25	0.74	0.83	0.27	0.31	0.61	0.59	-0.19	-0.17	0.79
Net Receivables	0.0	-0.15	0.0	-0.03	-0.04	0.02	-0.01		-0.03	0.13	-0.06	0.1	-0.16	-0.2	-0.13	-0.04	-0.2	0.05	-0.24	-0.21	-0.08	-0.08	-0.23	0.14	0.05	-0.17
Common Stock Shares Outstanding	0.83	0.51	0.83	-0.48	-0.86	0.48	0.51	-0.03		0.68	0.72	0.51	0.9	0.95	0.37	0.96	-0.16	0.91	0.49	-0.25	0.91	0.73	0.49	-0.38	-0.75	0.72
Other Stockholder Equity	0.48	0.48	0.47	0.01	-0.93	-0.02	0.07	0.13	0.68		0.58	0.09	0.69	0.67	0.34	0.78	-0.72	0.65	0.32	-0.75	0.79	0.66	0.01	-0.25	-0.79	0.53
Total Liab	0.82	0.91	0.81	-0.6	-0.71	0.6	0.67	-0.06	0.72	0.58		0.66	0.66	0.7	0.56	0.74	-0.25	0.81	0.73	-0.35	0.67	0.89	0.24	-0.35	-0.52	0.73
Total Current Assets	0.86	0.57	0.86	-0.97	-0.27	0.97	0.99	0.1	0.51	0.09	0.66		0.41	0.46	0.6	0.48	0.23	0.74	0.8	0.25	0.31	0.6	0.57	-0.17	-0.17	0.77
Property Plant And Equipment Net	0.78	0.56	0.78	-0.36	-0.87	0.35	0.42	-0.16	0.9	0.69	0.66	0.41		0.98	0.44	0.94	-0.17	0.81	0.49	-0.24	0.95	0.66	0.62	-0.06	-0.89	0.73
Non Current Assets Total	0.83	0.58	0.83	-0.43	-0.87	0.43	0.48	-0.2	0.95	0.67	0.7	0.46	0.98		0.41	0.95	-0.16	0.85	0.52	-0.23	0.93	0.69	0.57	-0.24	-0.82	0.76
Short Term Investments	0.57	0.58	0.56	-0.44	-0.34	0.44	0.62	-0.13	0.37	0.34	0.56	0.6	0.44	0.41		0.46	0.06	0.56	0.85	0.07	0.39	0.64	0.42	0.01	-0.4	0.66
Common Stock	0.81	0.59	0.81	-0.42	-0.92	0.42	0.48	-0.04	0.96	0.78	0.74	0.48	0.94	0.95	0.46		-0.26	0.92	0.55	-0.36	0.97	0.79	0.5	-0.25	-0.84	0.78
Other Liab	-0.05	-0.29	-0.04	-0.27	0.56	0.28	0.25	-0.2	-0.16	-0.72	-0.25	0.23	-0.17	-0.16	0.06	-0.26		-0.22	-0.04	0.94	-0.31	-0.36	0.48	0.16	0.45	-0.18
Net Tangible Assets	0.93	0.67	0.93	-0.69	-0.81	0.69	0.74	0.05	0.91	0.65	0.81	0.74	0.81	0.85	0.56	0.92	-0.22		0.75	-0.27	0.82	0.88	0.49	-0.33	-0.68	0.9
Accounts Payable	0.77	0.73	0.77	-0.72	-0.42	0.72	0.83	-0.24	0.49	0.32	0.73	0.8	0.49	0.52	0.85	0.55	-0.04	0.75		-0.01	0.43	0.8	0.47	-0.19	-0.37	0.88
Non Current Liabilities Total	-0.05	-0.39	-0.04	-0.29	0.61	0.3	0.27	-0.21	-0.25	-0.75	-0.35	0.25	-0.24	-0.23	0.07	-0.36	0.94	-0.27	-0.01		-0.44	-0.47	0.51	0.23	0.48	-0.12
Property Plant Equipment	0.68	0.57	0.68	-0.24	-0.91	0.24	0.31	-0.08	0.91	0.79	0.67	0.31	0.95	0.93	0.39	0.97	-0.31	0.82	0.43	-0.44		0.74	0.44	-0.15	-0.9	0.66
Other Current Liab	0.76	0.86	0.74	-0.53	-0.73	0.52	0.61	-0.08	0.73	0.66	0.89	0.6	0.66	0.69	0.64	0.79	-0.36	0.88	0.8	-0.47	0.74		0.19	-0.37	-0.59	0.78
Non Currrent Assets Other	0.61	0.14	0.62	-0.56	-0.25	0.57	0.59	-0.23	0.49	0.01	0.24	0.57	0.62	0.57	0.42	0.5	0.48	0.49	0.47	0.51	0.44	0.19		0.34	-0.44	0.62
Other Current Assets	-0.25	-0.23	-0.24	0.21	0.25	-0.21	-0.19	0.14	-0.38	-0.25	-0.35	-0.17	-0.06	-0.24	0.01	-0.25	0.16	-0.33	-0.19	0.23	-0.15	-0.37	0.34		-0.13	-0.14
Other Assets	-0.57	-0.45	-0.57	0.08	0.87	-0.08	-0.17	0.05	-0.75	-0.79	-0.52	-0.17	-0.89	-0.82	-0.4	-0.84	0.45	-0.68	-0.37	0.48	-0.9	-0.59	-0.44	-0.13		-0.62
Net Invested Capital	0.9	0.64	0.9	-0.73	-0.68	0.73	0.79	-0.17	0.72	0.53	0.73	0.77	0.73	0.76	0.66	0.78	-0.18	0.9	0.88	-0.12	0.66	0.78	0.62	-0.14	-0.62

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Minaurum Gold Account Relationship Matchups

Minaurum Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.4M	12.0M	16.7M	10.6M	8.3M	8.4M
Total Current Liabilities	156.5K	308.7K	625.3K	161.3K	530.0K	308.3K
Total Stockholder Equity	9.0M	11.5M	15.9M	10.2M	7.6M	8.0M
Net Debt	(2.4M)	(4.1M)	(6.3M)	(1.5M)	(617.3K)	(648.2K)
Retained Earnings	(36.0M)	(43.5M)	(50.1M)	(57.8M)	(61.5M)	(58.4M)
Cash	2.4M	4.1M	6.3M	1.5M	617.3K	586.4K
Cash And Short Term Investments	2.4M	4.1M	8.8M	1.9M	739.4K	702.4K
Net Receivables	40.4K	18.7K	12.1K	69.6K	263.0K	276.1K
Common Stock Shares Outstanding	313.6M	337.7M	360.8M	366.5M	370.2M	201.8M
Liabilities And Stockholders Equity	9.4M	12.0M	16.7M	10.6M	8.3M	8.4M
Other Stockholder Equity	2.8M	3.5M	7.3M	9.2M	10.6M	11.1M
Total Liab	357.5K	509.7K	826.3K	362.3K	688.0K	457.4K
Total Current Assets	2.6M	4.3M	8.9M	2.1M	1.1M	1.0M
Property Plant And Equipment Net	6.8M	7.7M	7.8M	8.5M	7.2M	5.2M
Non Current Assets Total	6.8M	7.7M	7.8M	8.5M	7.2M	5.4M
Accumulated Other Comprehensive Income	2.8M	3.5M	7.3M	9.2M	9.6M	10.0M
Common Stock	42.2M	51.4M	58.6M	58.7M	59.5M	38.7M
Net Tangible Assets	9.0M	11.5M	15.9M	10.2M	11.7M	9.3M
Accounts Payable	150.8K	171.4K	573.2K	117.2K	134.8K	192.7K
Property Plant Equipment	6.8M	7.7M	7.8M	8.5M	9.7M	5.7M
Other Current Liab	156.5K	308.7K	625.3K	161.3K	530.0K	314.8K
Other Current Assets	124.5K	146.9K	106.9K	107.9K	71.0K	102.6K
Net Invested Capital	9.0M	11.5M	15.9M	10.2M	7.6M	10.9M
Net Working Capital	2.5M	4.0M	8.3M	1.9M	543.3K	516.2K
Capital Stock	42.2M	51.4M	58.6M	58.7M	59.5M	57.1M

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