Mkango Historical Balance Sheet
MKA Stock | 8.50 0.25 2.86% |
Trend analysis of Mkango Resources balance sheet accounts such as Total Stockholder Equity of 2.7 M provides information on Mkango Resources' total assets, liabilities, and equity, which is the actual value of Mkango Resources to its prevalent stockholders. By breaking down trends over time using Mkango Resources 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 Mkango Resources 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 Mkango Resources is a good buy for the upcoming year.
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About Mkango Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Mkango Resources at a specified time, usually calculated after every quarter, six months, or one year. Mkango Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mkango Resources 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 Mkango currently owns. An asset can also be divided into two categories, current and non-current.
Mkango Resources Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Mkango Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Mkango Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Mkango Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mkango Resources 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Mkango Resources balance sheet. This account contains Mkango Resources investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mkango Resources 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.Accumulated Other Comprehensive Income
Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.Most accounts from Mkango Resources' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mkango Resources 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 Mkango Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Mkango Resources' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 2.1 M, whereas Retained Earnings are projected to grow to (44.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 247.3K | 289.5K | 1.6M | 1.6M | Total Assets | 5.3M | 1.5M | 9.3M | 9.8M |
Mkango Resources balance sheet Correlations
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Mkango Resources balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.8M | 5.8M | 5.3M | 1.5M | 9.3M | 9.8M | |
Other Current Liab | 207.5K | 190.5K | 247.3K | 289.5K | 1.6M | 1.6M | |
Total Current Liabilities | 516.5K | 289.1K | 1.3M | 959.7K | 2.0M | 2.1M | |
Total Stockholder Equity | 12.2M | 10.2M | 4.0M | (1.2M) | 2.5M | 2.7M | |
Net Debt | (9.5M) | (4.9M) | (4.4M) | 1.1M | (996.8K) | (1.0M) | |
Retained Earnings | (4.4M) | (6.3M) | (39.0M) | (44.6M) | (46.6M) | (44.3M) | |
Cash | 9.5M | 4.9M | 4.4M | 493.7K | 996.8K | 946.9K | |
Cash And Short Term Investments | 9.5M | 4.9M | 4.4M | 493.7K | 996.8K | 946.9K | |
Net Receivables | 204.3K | 203.4K | 98.1K | 186.7K | 449.8K | 472.3K | |
Common Stock Shares Outstanding | 124.2M | 133.0M | 153.1M | 215.1M | 238.8M | 250.7M | |
Liabilities And Stockholders Equity | 9.8M | 5.8M | 5.3M | 1.5M | 9.3M | 9.8M | |
Other Current Assets | 315.7K | 95.0K | 84.6K | 186.68 | 449.8K | 472.3K | |
Other Stockholder Equity | 4.0M | 3.8M | 4.4M | 5.1M | 5.7M | 4.4M | |
Total Liab | 516.5K | 289.1K | 1.3M | 2.7M | 4.7M | 5.0M | |
Total Current Assets | 9.7M | 5.1M | 4.5M | 680.4K | 1.4M | 2.7M | |
Accounts Payable | 309.0K | 98.6K | 1.0M | 574.1K | 277.3K | 288.3K | |
Property Plant And Equipment Net | 95.9K | 64.5K | 40.6K | 48.2K | 657.1K | 689.9K | |
Non Current Assets Total | 95.9K | 651.4K | 718.2K | 846.5K | 7.8M | 8.2M | |
Property Plant And Equipment Gross | 95.9K | 64.5K | 186.6K | 212.6K | 1.5M | 1.6M | |
Accumulated Other Comprehensive Income | 106.4K | 120.9K | 122.4K | (23.8K) | (70.4K) | (66.9K) | |
Net Tangible Assets | 12.2M | 10.2M | 4.0M | (1.4M) | (1.7M) | (1.6M) | |
Current Deferred Revenue | 3.5K | 63.9K | 48.1K | 96.1K | 198.6K | 208.5K | |
Property Plant Equipment | 95.9K | 64.5K | 40.6K | 48.2K | 55.4K | 45.8K | |
Non Current Liabilities Total | 458.7K | 98.6K | 1.0M | 1.7M | 2.7M | 2.8M | |
Capital Surpluse | 3.7M | 3.8M | 4.0M | 3.5M | 4.0M | 4.0M | |
Net Invested Capital | 12.2M | 10.2M | 4.0M | 437.6K | 2.5M | 3.8M | |
Net Working Capital | 9.2M | 4.8M | 3.3M | (279.3K) | (588.6K) | (559.1K) |
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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.Other Information on Investing in Mkango Stock
Balance Sheet is a snapshot of the financial position of Mkango Resources at a specified time, usually calculated after every quarter, six months, or one year. Mkango Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mkango Resources 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 Mkango currently owns. An asset can also be divided into two categories, current and non-current.