Mind Long Term Debt vs Retained Earnings Analysis

MIND Stock

USD 3.90 0.07 1.83%

Mind Technology financial indicator trend analysis is infinitely more than just investigating Mind Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mind Technology is a good investment. Please check the relationship between Mind Technology Long Term Debt and its Retained Earnings accounts. 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.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mind Technology Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mind Technology's Long Term Debt and Retained Earnings is 0.75. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Mind Technology, assuming nothing else is changed. The correlation between historical values of Mind Technology's Long Term Debt 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 Long Term Debt of Mind Technology 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 Long Term Debt i.e., Mind Technology's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that Mind Technology has held for over one year. Long-term debt appears on Mind Technology balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Mind Technology balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 Mind Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Tax Provision is projected to decrease significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	20.6M	20.6M	14.3M	20.4M
Cost Of Revenue	17.1M	22.1M	21.7M	29.4M

Total Operating Expenses Cost Of Revenue

Mind Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Other Current Assets	Property Plant And Equipment Gross	Other Assets	Common Stock Total Equity	Short Term Investments
Total Assets		0.8	0.22	0.59	0.99	0.99	0.38	0.86	0.8	0.71	1.0	-0.74	0.73	0.97	0.29	0.84	-0.16	0.35	0.82	0.94	-0.12	0.51	0.99	0.06	-0.1	-0.33
Short Long Term Debt Total	0.8		0.24	0.43	0.75	0.78	0.83	0.73	0.51	0.28	0.81	-0.59	0.3	0.77	0.16	0.97	0.01	0.19	0.86	0.69	0.02	0.52	0.78	-0.03	-0.1	-0.23
Other Current Liab	0.22	0.24		0.81	0.15	0.2	0.25	-0.05	0.39	0.03	0.19	-0.31	0.03	0.36	0.34	0.3	0.29	0.36	0.54	0.31	0.06	0.35	0.21	-0.18	0.35	-0.37
Total Current Liabilities	0.59	0.43	0.81		0.53	0.57	0.17	0.27	0.74	0.5	0.54	-0.5	0.5	0.71	0.43	0.52	0.1	0.48	0.79	0.71	0.08	0.44	0.58	0.03	0.2	-0.52
Total Stockholder Equity	0.99	0.75	0.15	0.53		0.99	0.32	0.87	0.78	0.72	0.99	-0.74	0.74	0.95	0.29	0.79	-0.19	0.34	0.76	0.92	-0.12	0.48	0.98	0.1	-0.12	-0.31
Property Plant And Equipment Net	0.99	0.78	0.2	0.57	0.99		0.38	0.88	0.83	0.69	1.0	-0.68	0.71	0.96	0.22	0.83	-0.24	0.27	0.81	0.9	-0.2	0.49	1.0	0.02	-0.15	-0.24
Net Debt	0.38	0.83	0.25	0.17	0.32	0.38		0.41	0.09	-0.29	0.42	-0.3	-0.28	0.36	-0.02	0.72	0.17	-0.02	0.59	0.23	0.14	0.35	0.38	-0.08	-0.08	-0.04
Retained Earnings	0.86	0.73	-0.05	0.27	0.87	0.88	0.41		0.61	0.51	0.9	-0.56	0.54	0.81	-0.21	0.74	-0.51	-0.13	0.61	0.65	-0.12	0.27	0.87	0.17	-0.51	0.16
Accounts Payable	0.8	0.51	0.39	0.74	0.78	0.83	0.09	0.61		0.77	0.78	-0.5	0.78	0.85	0.23	0.67	-0.27	0.28	0.77	0.8	-0.42	0.41	0.83	-0.17	-0.07	-0.23
Cash	0.71	0.28	0.03	0.5	0.72	0.69	-0.29	0.51	0.77		0.67	-0.44	1.0	0.71	0.29	0.42	-0.34	0.34	0.52	0.81	-0.28	0.32	0.71	-0.01	-0.04	-0.33
Non Current Assets Total	1.0	0.81	0.19	0.54	0.99	1.0	0.42	0.9	0.78	0.67		-0.71	0.69	0.96	0.22	0.84	-0.21	0.28	0.81	0.9	-0.13	0.48	0.99	0.07	-0.16	-0.26
Non Currrent Assets Other	-0.74	-0.59	-0.31	-0.5	-0.74	-0.68	-0.3	-0.56	-0.5	-0.44	-0.71		-0.47	-0.74	-0.44	-0.56	-0.2	-0.54	-0.57	-0.74	-0.21	-0.44	-0.66	-0.25	-0.09	0.51
Cash And Short Term Investments	0.73	0.3	0.03	0.5	0.74	0.71	-0.28	0.54	0.78	1.0	0.69	-0.47		0.73	0.3	0.43	-0.32	0.35	0.51	0.81	-0.28	0.32	0.72	0.01	-0.03	-0.32
Net Receivables	0.97	0.77	0.36	0.71	0.95	0.96	0.36	0.81	0.85	0.71	0.96	-0.74	0.73		0.26	0.84	-0.17	0.33	0.87	0.94	-0.1	0.52	0.96	0.06	-0.11	-0.32
Common Stock Shares Outstanding	0.29	0.16	0.34	0.43	0.29	0.22	-0.02	-0.21	0.23	0.29	0.22	-0.44	0.3	0.26		0.15	0.77	0.98	0.27	0.51	0.14	0.4	0.23	-0.01	0.85	-0.95
Non Current Liabilities Total	0.84	0.97	0.3	0.52	0.79	0.83	0.72	0.74	0.67	0.42	0.84	-0.56	0.43	0.84	0.15		-0.09	0.19	0.92	0.75	-0.17	0.57	0.83	-0.18	-0.11	-0.21
Inventory	-0.16	0.01	0.29	0.1	-0.19	-0.24	0.17	-0.51	-0.27	-0.34	-0.21	-0.2	-0.32	-0.17	0.77	-0.09		0.75	-0.05	-0.02	0.4	0.1	-0.25	0.07	0.81	-0.73
Other Stockholder Equity	0.35	0.19	0.36	0.48	0.34	0.27	-0.02	-0.13	0.28	0.34	0.28	-0.54	0.35	0.33	0.98	0.19	0.75		0.31	0.56	0.21	0.43	0.27	0.07	0.79	-0.97
Total Liab	0.82	0.86	0.54	0.79	0.76	0.81	0.59	0.61	0.77	0.52	0.81	-0.57	0.51	0.87	0.27	0.92	-0.05	0.31		0.83	-0.09	0.59	0.82	-0.15	-0.02	-0.37
Total Current Assets	0.94	0.69	0.31	0.71	0.92	0.9	0.23	0.65	0.8	0.81	0.9	-0.74	0.81	0.94	0.51	0.75	-0.02	0.56	0.83		-0.08	0.59	0.91	0.03	0.1	-0.57
Short Term Debt	-0.12	0.02	0.06	0.08	-0.12	-0.2	0.14	-0.12	-0.42	-0.28	-0.13	-0.21	-0.28	-0.1	0.14	-0.17	0.4	0.21	-0.09	-0.08		-0.11	-0.21	0.8	0.09	-0.29
Other Current Assets	0.51	0.52	0.35	0.44	0.48	0.49	0.35	0.27	0.41	0.32	0.48	-0.44	0.32	0.52	0.4	0.57	0.1	0.43	0.59	0.59	-0.11		0.5	-0.19	0.31	-0.42
Property Plant And Equipment Gross	0.99	0.78	0.21	0.58	0.98	1.0	0.38	0.87	0.83	0.71	0.99	-0.66	0.72	0.96	0.23	0.83	-0.25	0.27	0.82	0.91	-0.21	0.5		0.0	-0.14	-0.25
Other Assets	0.06	-0.03	-0.18	0.03	0.1	0.02	-0.08	0.17	-0.17	-0.01	0.07	-0.25	0.01	0.06	-0.01	-0.18	0.07	0.07	-0.15	0.03	0.8	-0.19	0.0		-0.12	-0.08
Common Stock Total Equity	-0.1	-0.1	0.35	0.2	-0.12	-0.15	-0.08	-0.51	-0.07	-0.04	-0.16	-0.09	-0.03	-0.11	0.85	-0.11	0.81	0.79	-0.02	0.1	0.09	0.31	-0.14	-0.12		-0.72
Short Term Investments	-0.33	-0.23	-0.37	-0.52	-0.31	-0.24	-0.04	0.16	-0.23	-0.33	-0.26	0.51	-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 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	58.2M	39.8M	42.0M	32.9M	33.5M	31.8M
Other Current Liab	3.7M	3.3M	5.8M	3.2M	4.8M	3.5M
Total Current Liabilities	8.4M	7.8M	10.7M	8.7M	10.3M	11.8M
Total Stockholder Equity	47.7M	30.4M	30.3M	23.1M	22.6M	21.5M
Property Plant And Equipment Net	16.1M	6.2M	6.1M	5.7M	2.1M	2.0M
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 Payable	2.7M	1.7M	2.0M	2.5M	1.6M	1.5M
Cash	3.1M	4.6M	5.1M	778K	5.3M	8.0M
Non Current Assets Total	27.6M	13.0M	12.8M	10.6M	5.2M	4.9M
Non Currrent Assets Other	832K	1.5M	650K	4.3M	3.9M	4.1M
Cash And Short Term Investments	3.1M	4.6M	5.1M	778K	5.3M	6.4M
Net Receivables	11.9M	4.7M	8.1M	4.0M	6.6M	6.2M
Common Stock Shares Outstanding	1.2M	1.3M	1.4M	1.4M	1.4M	1.1M
Liabilities And Stockholders Equity	58.2M	39.8M	42.0M	32.9M	33.5M	31.8M
Non Current Liabilities Total	2.1M	1.5M	1.1M	1.1M	573K	544.4K
Inventory	13.3M	11.5M	14.0M	15.3M	13.4M	7.7M
Other Stockholder Equity	107.1M	111.4M	112.1M	112.9M	113.1M	85.8M
Total Liab	10.6M	9.3M	11.8M	9.8M	10.9M	18.5M
Total Current Assets	30.6M	26.8M	29.2M	22.2M	28.3M	34.3M
Short Term Debt	1.3M	2.0M	1.7M	1.8M	1.5M	2.3M
Other Current Assets	2.2M	6.0M	2.0M	2.1M	3.1M	2.5M
Property Plant And Equipment Gross	16.1M	6.2M	6.1M	5.7M	11.5M	10.9M
Accumulated Other Comprehensive Income	(4.4M)	(4.4M)	(1.9M)	34K	39.1K	41.1K
Other Assets	30.1M	15.9M	3.1M	650K	747.5K	710.1K
Property Plant Equipment	13.8M	4.8M	6.1M	5.7M	5.1M	4.9M
Current Deferred Revenue	765K	208K	232K	164K	203K	192.9K
Intangible Assets	8.2M	6.8M	6.0M	4.9M	2.9M	2.7M
Other Liab	1.2M	198K	92K	298K	268.2K	254.8K
Retained Earnings Total Equity	(42.4M)	(64.0M)	(77.3M)	(99.9M)	(89.9M)	(85.4M)
Preferred Stock Total Equity	11.5M	18.3M	22.1M	23.1M	26.6M	27.9M
Net Tangible Assets	14.9M	562K	(13.5M)	(19.7M)	(17.7M)	(16.8M)

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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:

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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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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.

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Mind Long Term Debt vs Retained Earnings Analysis

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Long Term Debt

Retained Earnings

Mind Technology fundamental ratios Correlations

Mind Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mind Technology fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Short Term Investments	- 0.97	Other Stockholder Equity
Short Term Investments	- 0.95	Common Stock Shares Outstanding
Total Current Assets	- 0.74	Non Currrent Assets Other
Net Receivables	- 0.74	Non Currrent Assets Other
Non Currrent Assets Other	- 0.74	Total Stockholder Equity
Non Currrent Assets Other	- 0.74	Total Assets