Moving Historical Balance Sheet
MITQ Stock | USD 0.66 0.01 1.54% |
Trend analysis of Moving iMage Technologies balance sheet accounts such as Net Tangible Assets of 8.6 M provides information on Moving IMage's total assets, liabilities, and equity, which is the actual value of Moving iMage Technologies to its prevalent stockholders. By breaking down trends over time using Moving IMage 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.
Financial Statement Analysis is much more than just reviewing and examining Moving iMage Technologies 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 Moving iMage Technologies is a good buy for the upcoming year.
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About Moving Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Moving iMage Technologies at a specified time, usually calculated after every quarter, six months, or one year. Moving IMage Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Moving IMage 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 Moving currently owns. An asset can also be divided into two categories, current and non-current.
Moving IMage Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on Moving IMage balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Moving iMage Technologies 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.Accounts Payable
An accounting item on the balance sheet that represents Moving IMage obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Moving iMage Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most accounts from Moving IMage's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Moving iMage Technologies 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 Moving iMage Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Moving IMage's Net Working Capital is relatively stable compared to the past year. As of 11/30/2024, Short Term Debt is likely to grow to about 456 K, while Accounts Payable is likely to drop slightly above 2 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Current Liabilities | 5.4M | 5.6M | 4.8M | 5.7M | Other Current Liabilities | 3.8M | 337K | 554K | 526.3K |
Moving IMage balance sheet Correlations
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Moving IMage Account Relationship Matchups
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Moving IMage balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 454K | 1.9M | 3.8M | 337K | 554K | 526.3K | |
Total Current Liabilities | 4.5M | 6.0M | 5.4M | 5.6M | 4.8M | 5.7M | |
Net Tangible Assets | (2.3M) | (3.2M) | 8.3M | 7.1M | 8.2M | 8.6M | |
Accounts Payable | 2.7M | 1.9M | 1.6M | 1.5M | 2.3M | 2.0M | |
Other Assets | 17K | 188K | 698K | 1.1M | 18.4K | 17.5K | |
Net Receivables | 809K | 454K | 1.8M | 905K | 1.0M | 1.2M | |
Inventory | 1.6M | 1.5M | 4.0M | 4.4M | 3.1M | 2.9M | |
Total Current Assets | 3.5M | 3.3M | 13.4M | 12.4M | 9.9M | 7.9M | |
Common Stock | 126K | (86K) | (969K) | (2.0M) | (1.8M) | (1.7M) | |
Property Plant Equipment | 151K | 21K | 22K | 443K | 509.5K | 534.9K | |
Total Assets | 5.7M | 5.7M | 14.9M | 13.3M | 10.5M | 9.5M | |
Total Stockholder Equity | (969K) | (2.0M) | 9.4M | 7.6M | 5.7M | 3.1M | |
Property Plant And Equipment Net | 151K | 21K | 22K | 443K | 172K | 139.2K | |
Current Deferred Revenue | 854K | 1.4M | 3.2M | 3.2M | 1.7M | 1.9M | |
Net Debt | 1.6M | 2.5M | (2.3M) | (6.2M) | (5.1M) | (4.9M) | |
Cash | 1.1M | 1.3M | 2.3M | 6.6M | 5.3M | 2.8M | |
Non Current Assets Total | 2.2M | 2.4M | 1.5M | 939K | 610K | 579.5K | |
Non Currrent Assets Other | 188K | 698K | 1.1M | 16K | 14.4K | 13.7K | |
Cash And Short Term Investments | 1.1M | 1.3M | 6.7M | 6.6M | 5.3M | 3.5M | |
Liabilities And Stockholders Equity | 5.7M | 5.7M | 14.9M | 13.3M | 10.5M | 9.5M | |
Non Current Liabilities Total | 2.2M | 1.7M | 22K | 151K | 135.9K | 129.1K | |
Other Current Assets | 77K | 95K | 1.7M | 902K | 470K | 541.2K | |
Other Stockholder Equity | (410K) | 1.0M | 12.5M | 12.5M | 12.0M | 6.0M | |
Total Liab | 6.7M | 7.7M | 5.4M | 5.8M | 4.8M | 4.6M | |
Property Plant And Equipment Gross | 151K | 21K | 732K | 443K | 509.5K | 261.1K | |
Net Working Capital | (983K) | (2.7M) | 7.9M | 6.8M | 7.8M | 8.2M |
Pair Trading with Moving IMage
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Moving IMage position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Moving IMage will appreciate offsetting losses from the drop in the long position's value.Moving against Moving Stock
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0.54 | VRME | VerifyMe | PairCorr |
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0.5 | STX | Seagate Technology PLC | PairCorr |
The ability to find closely correlated positions to Moving IMage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moving IMage when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Moving IMage - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Moving iMage Technologies to buy it.
The correlation of Moving IMage is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Moving IMage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moving iMage Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Moving IMage can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Moving Stock Analysis
When running Moving IMage's price analysis, check to measure Moving IMage's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Moving IMage is operating at the current time. Most of Moving IMage's value examination focuses on studying past and present price action to predict the probability of Moving IMage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Moving IMage's price. Additionally, you may evaluate how the addition of Moving IMage to your portfolios can decrease your overall portfolio volatility.