Mindteck Total Current Liabilities vs Short Term Debt Analysis

MINDTECK   199.62  3.90  1.92%   
Mindteck financial indicator trend analysis is infinitely more than just investigating Mindteck Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindteck Limited is a good investment. Please check the relationship between Mindteck Total Current Liabilities and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Total Current Liabilities vs Short Term Debt

Total Current Liabilities vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindteck Limited Total Current Liabilities account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mindteck's Total Current Liabilities and Short Term Debt is 0.43. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Mindteck Limited, assuming nothing else is changed. The correlation between historical values of Mindteck's Total Current Liabilities and Short Term Debt 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 Mindteck Limited are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Current Liabilities i.e., Mindteck's Total Current Liabilities and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Mindteck balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mindteck Limited 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.

Short Term Debt

Most indicators from Mindteck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindteck Limited 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 Mindteck Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At present, Mindteck's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2022 2023 2024 2025 (projected)
Interest Expense10.1M8.9M11M9.9M
Depreciation And Amortization45.2M44.5M46.8M35.9M

Mindteck fundamental ratios Correlations

-0.250.390.640.990.16-0.660.570.18-0.110.670.95-0.050.910.54-0.19-0.070.550.660.550.88-0.090.860.030.73-0.53
-0.25-0.410.2-0.340.560.130.05-0.54-0.140.08-0.12-0.59-0.29-0.160.610.270.01-0.270.430.020.78-0.240.08-0.450.4
0.39-0.410.510.35-0.1-0.350.260.08-0.290.270.340.060.310.45-0.360.090.180.120.360.34-0.40.23-0.470.41-0.12
0.640.20.510.520.42-0.520.55-0.25-0.090.680.61-0.40.620.59-0.140.320.540.410.930.730.430.59-0.040.28-0.31
0.99-0.340.350.520.05-0.630.520.26-0.080.610.920.050.90.51-0.25-0.150.50.670.420.83-0.190.840.030.76-0.54
0.160.56-0.10.420.05-0.250.35-0.49-0.240.370.27-0.750.170.080.710.450.440.010.680.390.580.240.3-0.250.06
-0.660.13-0.35-0.52-0.63-0.25-0.980.120.2-0.84-0.540.28-0.6-0.680.05-0.23-0.6-0.23-0.49-0.640.03-0.610.19-0.790.2
0.570.050.260.550.520.35-0.98-0.25-0.220.860.47-0.410.520.650.060.320.610.140.560.610.130.53-0.150.69-0.12
0.18-0.540.08-0.250.26-0.490.12-0.25-0.02-0.490.120.920.19-0.38-0.32-0.64-0.480.61-0.37-0.29-0.570.37-0.030.18-0.63
-0.11-0.14-0.29-0.09-0.08-0.240.2-0.22-0.02-0.08-0.20.090.230.22-0.40.030.090.14-0.24-0.090.160.1-0.08-0.23-0.12
0.670.080.270.680.610.37-0.840.86-0.49-0.080.61-0.60.620.84-0.040.370.730.160.660.840.260.5-0.070.64-0.08
0.95-0.120.340.610.920.27-0.540.470.12-0.20.61-0.120.840.430.02-0.020.520.660.60.86-0.030.780.080.63-0.47
-0.05-0.590.06-0.40.05-0.750.28-0.410.920.09-0.6-0.12-0.02-0.38-0.49-0.65-0.590.41-0.57-0.48-0.60.09-0.120.11-0.5
0.91-0.290.310.620.90.17-0.60.520.190.230.620.84-0.020.6-0.250.010.560.750.510.79-0.020.92-0.030.59-0.65
0.54-0.160.450.590.510.08-0.680.65-0.380.220.840.43-0.380.6-0.380.210.520.20.430.660.110.45-0.390.55-0.15
-0.190.61-0.36-0.14-0.250.710.050.06-0.32-0.4-0.040.02-0.49-0.25-0.380.240.03-0.270.24-0.030.29-0.20.25-0.310.36
-0.070.270.090.32-0.150.45-0.230.32-0.640.030.37-0.02-0.650.010.210.240.63-0.350.40.220.39-0.080.2-0.080.34
0.550.010.180.540.50.44-0.60.61-0.480.090.730.52-0.590.560.520.030.630.040.550.750.250.420.150.410.03
0.66-0.270.120.410.670.01-0.230.140.610.140.160.660.410.750.2-0.27-0.350.040.30.35-0.060.850.040.31-0.88
0.550.430.360.930.420.68-0.490.56-0.37-0.240.660.6-0.570.510.430.240.40.550.30.70.530.50.050.16-0.17
0.880.020.340.730.830.39-0.640.61-0.29-0.090.840.86-0.480.790.66-0.030.220.750.350.70.190.650.070.57-0.2
-0.090.78-0.40.43-0.190.580.030.13-0.570.160.26-0.03-0.6-0.020.110.290.390.25-0.060.530.190.040.32-0.430.07
0.86-0.240.230.590.840.24-0.610.530.370.10.50.780.090.920.45-0.2-0.080.420.850.50.650.040.060.51-0.76
0.030.08-0.47-0.040.030.30.19-0.15-0.03-0.08-0.070.08-0.12-0.03-0.390.250.20.150.040.050.070.320.06-0.22-0.11
0.73-0.450.410.280.76-0.25-0.790.690.18-0.230.640.630.110.590.55-0.31-0.080.410.310.160.57-0.430.51-0.22-0.25
-0.530.4-0.12-0.31-0.540.060.2-0.12-0.63-0.12-0.08-0.47-0.5-0.65-0.150.360.340.03-0.88-0.17-0.20.07-0.76-0.11-0.25
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Mindteck Account Relationship Matchups

Mindteck fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.1B2.3B2.4B2.8B3.2B2.1B
Short Long Term Debt Total260.1M78.6M56.3M22.1M74.4M67.2M
Other Current Liab181.8M222.2M250.2M295.9M316.8M232.2M
Total Current Liabilities585.8M456.5M463.5M498.1M530.1M445.0M
Total Stockholder Equity1.4B1.8B1.9B2.2B2.6B1.6B
Property Plant And Equipment Net88.2M93M70.5M40.4M92M55.5M
Net Debt(245.9M)(424.2M)(358M)(451.3M)(1.3B)(1.2B)
Cash506M502.8M414.3M473.4M1.3B1.4B
Non Current Assets Total519.1M698M471.8M437.6M733.2M650.7M
Non Currrent Assets Other372.5M77.3M72M809.3M124M117.8M
Cash And Short Term Investments775.6M768.2M1.0B1.2B1.3B1.4B
Net Receivables699.3M745.4M870.1M947.1M1.0B716.1M
Common Stock Shares Outstanding25.2M25.4M25.3M32.0M31.9M26.2M
Short Term Investments269.6M265.4M610.5M749M639.3M671.3M
Liabilities And Stockholders Equity2.1B2.3B2.4B2.8B3.2B2.1B
Non Current Liabilities Total82M81.9M57.4M48.1M87.7M80.7M
Inventory(4.3M)(2.5M)(22.1M)(34.8M)1.151.21
Other Current Assets72.3M81.8M83.1M122.3M128M75.1M
Total Liab667.8M538.4M520.9M546.2M617.8M525.7M
Total Current Assets1.5B1.6B2.0B2.3B2.5B1.3B
Accumulated Other Comprehensive Income220.5M235.5M294.2M318.5M2.3B2.4B
Short Term Debt225.5M31.4M103.4M22.1M38.3M47.5M
Current Deferred Revenue149.8M160.7M172M23.7M27.3M25.9M
Retained Earnings(89.7M)246.6M404.6M655.1M912.5M958.1M
Accounts Payable135M183.2M155.9M164.1M175M137.8M
Intangible Assets78.2M1.5M500K100K400K380K
Other Liab101.1M95.6M47.4M34.7M39.9M63.5M
Net Tangible Assets983.3M936.6M1.1B1.5B1.7B1.1B
Other Assets147.9M119.2M44.2M51.3M75.2M98.6M
Property Plant Equipment88.2M93M70.5M40.4M92M62.9M
Long Term Debt Total79.3M34.6M47.2M22M36.1M26.8M
Cash And Equivalents776.6M769.1M1.0B35.3M165.3M157.0M
Net Invested Capital1.6B1.8B1.9B2.2B2.6B2.1B
Net Working Capital961.4M1.1B1.5B1.8B2.0B1.4B
Capital Lease Obligations79.3M78.6M56.3M22.1M74.4M58.4M

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Other Information on Investing in Mindteck Stock

Balance Sheet is a snapshot of the financial position of Mindteck Limited at a specified time, usually calculated after every quarter, six months, or one year. Mindteck Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mindteck 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 Mindteck currently owns. An asset can also be divided into two categories, current and non-current.