Minaurum Total Current Liabilities vs Retained Earnings 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 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 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.

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 Minaurum Gold Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Minaurum Gold's Total Current Liabilities and Retained Earnings is -0.56. 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 Minaurum Gold, assuming nothing else is changed. The correlation between historical values of Minaurum 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 Minaurum Gold 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., Minaurum Gold's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Minaurum 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 Minaurum Gold 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 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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