MedMira Current Deferred Revenue vs Cash And Short Term Investments Analysis

MIR Stock

CAD 0.08 0.01 6.67%

MedMira financial indicator trend analysis is infinitely more than just investigating MedMira recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MedMira is a good investment. Please check the relationship between MedMira Current Deferred Revenue and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MedMira. 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.

Current Deferred Revenue vs Cash And Short Term Investments

Current Deferred Revenue vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MedMira Current Deferred Revenue account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between MedMira's Current Deferred Revenue and Cash And Short Term Investments is -0.14. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of MedMira, assuming nothing else is changed. The correlation between historical values of MedMira's Current Deferred Revenue and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of MedMira are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., MedMira's Current Deferred Revenue and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.14

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of MedMira balance sheet. This account contains MedMira investments that will expire within one year. These investments include stocks and bonds that can be liquidated by MedMira fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from MedMira's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MedMira 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 MedMira. 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 1.2 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	304.0K	300.4K	345.4K	328.2K
Total Revenue	952.1K	432.5K	497.4K	472.5K

Gross Profit Total Revenue

MedMira 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	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 Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Short Term Investments	Other Stockholder Equity	Current Deferred Revenue	Intangible Assets
Total Assets		0.49	0.52	0.47	-0.23	0.7	0.59	0.14	-0.31	0.73	-0.04	-0.31	0.56	-0.15	0.27	0.29	0.38	0.55	0.74	0.2	-0.15	0.14	0.1	0.0	0.84	0.0
Short Long Term Debt Total	0.49		0.74	0.88	-0.89	0.81	0.7	-0.53	0.09	0.79	-0.53	0.08	0.33	0.55	0.2	-0.37	0.47	0.94	-0.08	0.68	0.46	0.59	0.4	-0.4	0.84	-0.27
Other Current Liab	0.52	0.74		0.82	-0.78	0.81	0.47	-0.45	0.14	0.8	-0.53	0.14	0.64	0.57	0.04	-0.3	0.19	0.83	0.17	0.56	0.41	0.68	0.63	-0.23	0.68	-0.62
Total Current Liabilities	0.47	0.88	0.82		-0.86	0.7	0.6	-0.55	0.1	0.69	-0.46	0.1	0.31	0.59	-0.12	-0.35	0.37	0.93	-0.03	0.81	0.49	0.64	0.41	-0.29	0.72	-0.21
Total Stockholder Equity	-0.23	-0.89	-0.78	-0.86		-0.71	-0.46	0.78	-0.31	-0.67	0.71	-0.31	-0.32	-0.76	-0.16	0.63	-0.34	-0.9	0.32	-0.63	-0.67	-0.75	-0.36	0.46	-0.6	0.31
Property Plant And Equipment Net	0.7	0.81	0.81	0.7	-0.71		0.7	-0.36	-0.11	1.0	-0.36	-0.11	0.72	0.46	0.34	-0.14	0.35	0.82	0.14	0.39	0.29	0.49	0.47	-0.51	0.84	-0.47
Net Debt	0.59	0.7	0.47	0.6	-0.46	0.7		0.09	-0.65	0.73	0.04	-0.65	0.38	0.02	0.03	0.33	0.6	0.59	0.12	0.55	-0.2	0.01	0.19	-0.52	0.73	-0.17
Retained Earnings	0.14	-0.53	-0.45	-0.55	0.78	-0.36	0.09		-0.7	-0.29	0.72	-0.7	-0.16	-0.93	-0.18	0.94	-0.12	-0.6	0.53	-0.32	-0.95	-0.79	-0.26	0.33	-0.18	0.18
Cash	-0.31	0.09	0.14	0.1	-0.31	-0.11	-0.65	-0.7		-0.18	-0.62	1.0	-0.17	0.56	0.18	-0.86	-0.33	0.17	-0.26	-0.04	0.77	0.61	0.17	0.3	-0.13	-0.07
Non Current Assets Total	0.73	0.79	0.8	0.69	-0.67	1.0	0.73	-0.29	-0.18		-0.3	-0.18	0.72	0.4	0.32	-0.07	0.35	0.8	0.18	0.39	0.22	0.43	0.46	-0.51	0.85	-0.47
Non Currrent Assets Other	-0.04	-0.53	-0.53	-0.46	0.71	-0.36	0.04	0.72	-0.62	-0.3		-0.63	-0.17	-0.58	-0.42	0.77	-0.13	-0.6	0.23	-0.16	-0.71	-0.71	-0.28	0.11	-0.33	0.2
Cash And Short Term Investments	-0.31	0.08	0.14	0.1	-0.31	-0.11	-0.65	-0.7	1.0	-0.18	-0.63		-0.17	0.56	0.17	-0.86	-0.33	0.16	-0.26	-0.04	0.77	0.61	0.17	0.3	-0.14	-0.07
Net Receivables	0.56	0.33	0.64	0.31	-0.32	0.72	0.38	-0.16	-0.17	0.72	-0.17	-0.17		0.32	0.41	-0.04	0.23	0.47	0.32	-0.08	0.19	0.44	0.58	-0.42	0.42	-0.59
Common Stock Shares Outstanding	-0.15	0.55	0.57	0.59	-0.76	0.46	0.02	-0.93	0.56	0.4	-0.58	0.56	0.32		0.05	-0.82	0.05	0.61	-0.54	0.39	0.9	0.76	0.53	-0.44	0.18	-0.45
Non Current Liabilities Total	0.27	0.2	0.04	-0.12	-0.16	0.34	0.03	-0.18	0.18	0.32	-0.42	0.17	0.41	0.05		-0.26	0.05	0.24	0.04	-0.57	0.25	0.33	0.13	-0.29	0.25	-0.03
Inventory	0.29	-0.37	-0.3	-0.35	0.63	-0.14	0.33	0.94	-0.86	-0.07	0.77	-0.86	-0.04	-0.82	-0.26		-0.02	-0.44	0.51	-0.13	-0.95	-0.79	-0.26	0.12	-0.01	0.15
Other Current Assets	0.38	0.47	0.19	0.37	-0.34	0.35	0.6	-0.12	-0.33	0.35	-0.13	-0.33	0.23	0.05	0.05	-0.02		0.37	0.15	0.38	0.03	0.1	-0.09	-0.12	0.52	0.09
Total Liab	0.55	0.94	0.83	0.93	-0.9	0.82	0.59	-0.6	0.17	0.8	-0.6	0.16	0.47	0.61	0.24	-0.44	0.37		-0.01	0.58	0.57	0.76	0.49	-0.4	0.79	-0.26
Total Current Assets	0.74	-0.08	0.17	-0.03	0.32	0.14	0.12	0.53	-0.26	0.18	0.23	-0.26	0.32	-0.54	0.04	0.51	0.15	-0.01		-0.09	-0.47	-0.17	-0.04	0.56	0.38	0.04
Short Term Debt	0.2	0.68	0.56	0.81	-0.63	0.39	0.55	-0.32	-0.04	0.39	-0.16	-0.04	-0.08	0.39	-0.57	-0.13	0.38	0.58	-0.09		0.19	0.22	0.16	-0.07	0.51	-0.16
Common Stock	-0.15	0.46	0.41	0.49	-0.67	0.29	-0.2	-0.95	0.77	0.22	-0.71	0.77	0.19	0.9	0.25	-0.95	0.03	0.57	-0.47	0.19		0.85	0.41	-0.25	0.12	-0.2
Accounts Payable	0.14	0.59	0.68	0.64	-0.75	0.49	0.01	-0.79	0.61	0.43	-0.71	0.61	0.44	0.76	0.33	-0.79	0.1	0.76	-0.17	0.22	0.85		0.59	-0.2	0.33	-0.36
Short Term Investments	0.1	0.4	0.63	0.41	-0.36	0.47	0.19	-0.26	0.17	0.46	-0.28	0.17	0.58	0.53	0.13	-0.26	-0.09	0.49	-0.04	0.16	0.41	0.59		-0.23	0.26	-0.82
Other Stockholder Equity	0.0	-0.4	-0.23	-0.29	0.46	-0.51	-0.52	0.33	0.3	-0.51	0.11	0.3	-0.42	-0.44	-0.29	0.12	-0.12	-0.4	0.56	-0.07	-0.25	-0.2	-0.23		-0.15	0.22
Current Deferred Revenue	0.84	0.84	0.68	0.72	-0.6	0.84	0.73	-0.18	-0.13	0.85	-0.33	-0.14	0.42	0.18	0.25	-0.01	0.52	0.79	0.38	0.51	0.12	0.33	0.26	-0.15		-0.16
Intangible Assets	0.0	-0.27	-0.62	-0.21	0.31	-0.47	-0.17	0.18	-0.07	-0.47	0.2	-0.07	-0.59	-0.45	-0.03	0.15	0.09	-0.26	0.04	-0.16	-0.2	-0.36	-0.82	0.22	-0.16

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MedMira Account Relationship Matchups

MedMira fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4M	3.9M	3.8M	3.7M	3.3M	1.7M
Short Long Term Debt Total	11.9M	11.5M	8.3M	9.3M	10.7M	9.1M
Other Current Liab	3.5M	4.2M	4.5M	5.4M	6.2M	6.5M
Total Current Liabilities	15.8M	17.4M	14.1M	15.7M	18.1M	11.7M
Total Stockholder Equity	(15.6M)	(15.7M)	(12.4M)	(15.0M)	(13.5M)	(14.2M)
Property Plant And Equipment Net	2.5M	2.3M	2.2M	2.0M	2.3M	2.4M
Net Debt	11.5M	13.8M	8.3M	9.3M	10.6M	9.2M
Retained Earnings	(92.8M)	(93.5M)	(95.3M)	(98.0M)	(88.2M)	(92.6M)
Cash	401.9K	(2.3M)	33.5K	13.2K	15.2K	15.9K
Non Current Assets Total	2.5M	2.3M	2.2M	2.0M	2.3M	2.4M
Cash And Short Term Investments	401.9K	(2.3M)	33.5K	13.2K	15.2K	15.9K
Net Receivables	207.8K	1.3M	1.4M	1.4M	1.6M	1.7M
Liabilities And Stockholders Equity	3.4M	3.9M	3.8M	3.7M	3.3M	1.7M
Non Current Liabilities Total	3.2M	2.2M	2.0M	3.0M	2.7M	1.7M
Inventory	222.6K	235.8K	202.0K	182.4K	164.2K	156.0K
Other Current Assets	78.8K	2.4M	53.9K	69.2K	79.6K	75.6K
Total Liab	19.0M	19.6M	16.2M	18.7M	21.5M	13.9M
Total Current Assets	911.1K	1.6M	1.7M	1.7M	1.5M	1.1M
Short Term Debt	8.8M	9.3M	6.3M	6.3M	7.3M	7.3M
Accounts Payable	2.3M	2.7M	2.7M	3.3M	3.8M	2.8M
Other Stockholder Equity	2.7M	7.8K	29.5K	(2.5K)	(2.3K)	(2.1K)
Accumulated Other Comprehensive Income	11.0M	13.8M	13.8M	14.6M	16.8M	17.6M
Current Deferred Revenue	1.2M	1.2M	596.7K	749.9K	862.4K	507.5K
Net Tangible Assets	(13.5M)	(15.6M)	(15.7M)	(12.4M)	(11.1M)	(11.7M)
Short Long Term Debt	8.6M	9.2M	6.1M	6.1M	7.1M	7.1M
Property Plant Equipment	6.7K	2.5M	2.3M	2.2M	2.5M	2.6M
Net Invested Capital	(6.1M)	(6.5M)	(6.2M)	(7.8M)	(7.0M)	(7.3M)
Net Working Capital	(14.9M)	(15.8M)	(12.5M)	(14.0M)	(12.6M)	(13.3M)

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