Mind Total Liab vs Current Deferred Revenue 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 Total Liab and its Current Deferred Revenue 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.

Total Liab vs Current Deferred Revenue

Total Liab vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mind Technology Total Liab account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mind Technology's Total Liab and Current Deferred Revenue is -0.1. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Current Deferred Revenue 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 Total Liab and Current Deferred Revenue 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 Liab of Mind Technology are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Liab i.e., Mind Technology's Total Liab and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
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 Expenses20.6M20.6M14.3M20.4M
Cost Of Revenue17.1M22.1M21.7M29.4M

Mind Technology fundamental ratios Correlations

0.80.220.590.990.990.380.860.80.711.0-0.740.730.970.290.84-0.160.350.820.94-0.120.510.990.06-0.1-0.33
0.80.240.430.750.780.830.730.510.280.81-0.590.30.770.160.970.010.190.860.690.020.520.78-0.03-0.1-0.23
0.220.240.810.150.20.25-0.050.390.030.19-0.310.030.360.340.30.290.360.540.310.060.350.21-0.180.35-0.37
0.590.430.810.530.570.170.270.740.50.54-0.50.50.710.430.520.10.480.790.710.080.440.580.030.2-0.52
0.990.750.150.530.990.320.870.780.720.99-0.740.740.950.290.79-0.190.340.760.92-0.120.480.980.1-0.12-0.31
0.990.780.20.570.990.380.880.830.691.0-0.680.710.960.220.83-0.240.270.810.9-0.20.491.00.02-0.15-0.24
0.380.830.250.170.320.380.410.09-0.290.42-0.3-0.280.36-0.020.720.17-0.020.590.230.140.350.38-0.08-0.08-0.04
0.860.73-0.050.270.870.880.410.610.510.9-0.560.540.81-0.210.74-0.51-0.130.610.65-0.120.270.870.17-0.510.16
0.80.510.390.740.780.830.090.610.770.78-0.50.780.850.230.67-0.270.280.770.8-0.420.410.83-0.17-0.07-0.23
0.710.280.030.50.720.69-0.290.510.770.67-0.441.00.710.290.42-0.340.340.520.81-0.280.320.71-0.01-0.04-0.33
1.00.810.190.540.991.00.420.90.780.67-0.710.690.960.220.84-0.210.280.810.9-0.130.480.990.07-0.16-0.26
-0.74-0.59-0.31-0.5-0.74-0.68-0.3-0.56-0.5-0.44-0.71-0.47-0.74-0.44-0.56-0.2-0.54-0.57-0.74-0.21-0.44-0.66-0.25-0.090.51
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
-0.1-0.10.350.2-0.12-0.15-0.08-0.51-0.07-0.04-0.16-0.09-0.03-0.110.85-0.110.810.79-0.020.10.090.31-0.14-0.12-0.72
-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
Click cells to compare fundamentals

Mind Technology Account Relationship Matchups

Mind Technology fundamental ratios 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 CEOs Directory module to screen CEOs from public companies 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.