Mind Historical Balance Sheet

MIND Stock  USD 3.85  0.05  1.28%   
Trend analysis of Mind Technology balance sheet accounts such as Total Current Liabilities of 11.8 M provides information on Mind Technology's total assets, liabilities, and equity, which is the actual value of Mind Technology to its prevalent stockholders. By breaking down trends over time using Mind Technology balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Mind Technology latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mind Technology is a good buy for the upcoming year.

Mind Technology Inventory

7.69 Million

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.

About Mind Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Mind Technology at a specified time, usually calculated after every quarter, six months, or one year. Mind Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mind Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mind currently owns. An asset can also be divided into two categories, current and non-current.

Mind Technology Balance Sheet Chart

At present, Mind Technology's Cash is projected to decrease significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 4.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 1.3 M.

Total Assets

Total assets refers to the total amount of Mind Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mind Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Mind Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mind Technology 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 accounts from Mind Technology's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mind Technology current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.At present, Mind Technology's Cash is projected to decrease significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 4.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 1.3 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total1.8M1.7M1.3M1.3M
Total Assets42.0M32.9M33.5M31.8M

Mind Technology balance sheet Correlations

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0.730.30.030.50.740.71-0.280.540.781.00.69-0.470.730.30.43-0.320.350.510.81-0.280.320.720.01-0.03-0.32
0.970.770.360.710.950.960.360.810.850.710.96-0.740.730.260.84-0.170.330.870.94-0.10.520.960.06-0.11-0.32
0.290.160.340.430.290.22-0.02-0.210.230.290.22-0.440.30.260.150.770.980.270.510.140.40.23-0.010.85-0.95
0.840.970.30.520.790.830.720.740.670.420.84-0.560.430.840.15-0.090.190.920.75-0.170.570.83-0.18-0.11-0.21
-0.160.010.290.1-0.19-0.240.17-0.51-0.27-0.34-0.21-0.2-0.32-0.170.77-0.090.75-0.05-0.020.40.1-0.250.070.81-0.73
0.350.190.360.480.340.27-0.02-0.130.280.340.28-0.540.350.330.980.190.750.310.560.210.430.270.070.79-0.97
0.820.860.540.790.760.810.590.610.770.520.81-0.570.510.870.270.92-0.050.310.83-0.090.590.82-0.15-0.02-0.37
0.940.690.310.710.920.90.230.650.80.810.9-0.740.810.940.510.75-0.020.560.83-0.080.590.910.030.1-0.57
-0.120.020.060.08-0.12-0.20.14-0.12-0.42-0.28-0.13-0.21-0.28-0.10.14-0.170.40.21-0.09-0.08-0.11-0.210.80.09-0.29
0.510.520.350.440.480.490.350.270.410.320.48-0.440.320.520.40.570.10.430.590.59-0.110.5-0.190.31-0.42
0.990.780.210.580.981.00.380.870.830.710.99-0.660.720.960.230.83-0.250.270.820.91-0.210.50.0-0.14-0.25
0.06-0.03-0.180.030.10.02-0.080.17-0.17-0.010.07-0.250.010.06-0.01-0.180.070.07-0.150.030.8-0.190.0-0.12-0.08
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-0.33-0.23-0.37-0.52-0.31-0.24-0.040.16-0.23-0.33-0.260.51-0.32-0.32-0.95-0.21-0.73-0.97-0.37-0.57-0.29-0.42-0.25-0.08-0.72
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Mind Technology Account Relationship Matchups

Mind Technology balance sheet Accounts

201920202021202220232024 (projected)
Total Assets58.2M39.8M42.0M32.9M33.5M31.8M
Other Current Liab3.7M3.3M5.8M3.2M4.8M3.5M
Total Current Liabilities8.4M7.8M10.7M8.7M10.3M11.8M
Total Stockholder Equity47.7M30.4M30.3M23.1M22.6M21.5M
Property Plant And Equipment Net16.1M6.2M6.1M5.7M2.1M2.0M
Net Debt(790K)(2.3M)(3.3M)971K(4.0M)(3.8M)
Retained Earnings(77.3M)(99.9M)(117.9M)(127.6M)(128.3M)(121.9M)
Accounts Payable2.7M1.7M2.0M2.5M1.6M1.5M
Cash3.1M4.6M5.1M778K5.3M8.0M
Non Current Assets Total27.6M13.0M12.8M10.6M5.2M4.9M
Non Currrent Assets Other832K1.5M650K4.3M3.9M4.1M
Cash And Short Term Investments3.1M4.6M5.1M778K5.3M6.4M
Net Receivables11.9M4.7M8.1M4.0M6.6M6.2M
Common Stock Shares Outstanding1.2M1.3M1.4M1.4M1.4M1.1M
Liabilities And Stockholders Equity58.2M39.8M42.0M32.9M33.5M31.8M
Non Current Liabilities Total2.1M1.5M1.1M1.1M573K544.4K
Inventory13.3M11.5M14.0M15.3M13.4M7.7M
Other Stockholder Equity107.1M111.4M112.1M112.9M113.1M85.8M
Total Liab10.6M9.3M11.8M9.8M10.9M18.5M
Total Current Assets30.6M26.8M29.2M22.2M28.3M34.3M
Short Term Debt1.3M2.0M1.7M1.8M1.5M2.3M
Other Current Assets2.2M6.0M2.0M2.1M3.1M2.5M
Property Plant And Equipment Gross16.1M6.2M6.1M5.7M11.5M10.9M
Accumulated Other Comprehensive Income(4.4M)(4.4M)(1.9M)34K39.1K41.1K
Other Assets30.1M15.9M3.1M650K747.5K710.1K
Property Plant Equipment13.8M4.8M6.1M5.7M5.1M4.9M
Current Deferred Revenue765K208K232K164K203K192.9K
Intangible Assets8.2M6.8M6.0M4.9M2.9M2.7M
Other Liab1.2M198K92K298K268.2K254.8K
Retained Earnings Total Equity(42.4M)(64.0M)(77.3M)(99.9M)(89.9M)(85.4M)
Preferred Stock Total Equity11.5M18.3M22.1M23.1M26.6M27.9M
Net Tangible Assets14.9M562K(13.5M)(19.7M)(17.7M)(16.8M)

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Mind Technology is a strong investment it is important to analyze Mind Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mind Technology's future performance. For an informed investment choice regarding Mind Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mind Technology. 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.
For information on how to trade Mind Stock refer to our How to Trade Mind Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mind Technology. If investors know Mind will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mind Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.61)
Revenue Per Share
27.074
Quarterly Revenue Growth
0.327
Return On Assets
0.0525
Return On Equity
0.0668
The market value of Mind Technology is measured differently than its book value, which is the value of Mind that is recorded on the company's balance sheet. Investors also form their own opinion of Mind Technology's value that differs from its market value or its book value, called intrinsic value, which is Mind Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mind Technology's market value can be influenced by many factors that don't directly affect Mind Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mind Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mind Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mind Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.