Mkango Non Current Assets Total vs Depreciation And Amortization Analysis

MKA Stock   7.65  0.25  3.16%   
Mkango Resources financial indicator trend analysis is infinitely more than just investigating Mkango Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mkango Resources is a good investment. Please check the relationship between Mkango Resources Non Current Assets Total and its Depreciation And Amortization accounts. 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.

Non Current Assets Total vs Depreciation And Amortization

Non Current Assets Total vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mkango Resources Non Current Assets Total account and Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Mkango Resources' Non Current Assets Total and Depreciation And Amortization is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Mkango Resources, assuming nothing else is changed. The correlation between historical values of Mkango Resources' Non Current Assets Total and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Mkango Resources are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Non Current Assets Total i.e., Mkango Resources' Non Current Assets Total and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Mkango Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 2.7 M. The current year's Tax Provision is expected to grow to about (56.1 K)
 2021 2022 2023 2024 (projected)
Reconciled Depreciation31.5K18.4K253.1K265.8K
Interest Income11.1K25.053.050.35

Mkango Resources fundamental ratios Correlations

0.610.670.7-0.62-0.460.620.620.490.740.830.380.510.710.27-0.640.740.70.710.710.450.790.080.170.630.68
0.610.920.110.01-0.53-0.03-0.030.480.610.730.560.80.080.02-0.80.820.80.810.53-0.240.720.110.750.580.31
0.670.920.16-0.06-0.750.070.070.480.790.690.570.820.170.41-0.740.80.790.810.69-0.160.840.120.620.80.43
0.70.110.16-0.920.150.910.910.10.30.420.22-0.180.930.160.00.130.050.060.50.930.3-0.08-0.080.060.76
-0.620.01-0.06-0.92-0.23-0.99-0.990.03-0.13-0.32-0.210.28-0.98-0.19-0.150.050.110.1-0.36-0.9-0.090.110.250.05-0.62
-0.46-0.53-0.750.15-0.230.170.17-0.48-0.85-0.39-0.31-0.820.09-0.60.64-0.68-0.73-0.75-0.620.34-0.82-0.21-0.18-0.96-0.24
0.62-0.030.070.91-0.990.171.0-0.030.180.280.25-0.260.990.250.18-0.07-0.13-0.120.40.90.11-0.12-0.30.010.65
0.62-0.030.070.91-0.990.171.0-0.030.180.280.25-0.260.990.250.18-0.07-0.13-0.120.40.90.11-0.12-0.30.010.65
0.490.480.480.10.03-0.48-0.03-0.030.640.40.150.670.090.02-0.540.630.610.610.51-0.070.640.510.360.470.41
0.740.610.790.3-0.13-0.850.180.180.640.540.360.780.290.51-0.620.750.750.770.890.080.940.220.230.910.64
0.830.730.690.42-0.32-0.390.280.280.40.540.480.550.390.02-0.840.830.790.80.440.110.68-0.060.450.520.37
0.380.560.570.22-0.21-0.310.250.250.150.360.480.320.270.12-0.280.260.250.260.330.020.33-0.10.240.320.24
0.510.80.82-0.180.28-0.82-0.26-0.260.670.780.550.32-0.140.15-0.810.860.870.880.57-0.450.790.270.510.780.22
0.710.080.170.93-0.980.090.990.990.090.290.390.27-0.140.260.060.070.00.010.480.880.23-0.07-0.230.10.7
0.270.020.410.16-0.19-0.60.250.250.020.510.020.120.150.260.00.090.120.150.50.160.41-0.04-0.120.640.34
-0.64-0.8-0.740.0-0.150.640.180.18-0.54-0.62-0.84-0.28-0.810.060.0-0.97-0.97-0.97-0.370.32-0.79-0.11-0.53-0.68-0.13
0.740.820.80.130.05-0.68-0.07-0.070.630.750.830.260.860.070.09-0.970.990.990.54-0.20.880.220.530.750.33
0.70.80.790.050.11-0.73-0.13-0.130.610.750.790.250.870.00.12-0.970.991.00.52-0.260.890.180.490.790.25
0.710.810.810.060.1-0.75-0.12-0.120.610.770.80.260.880.010.15-0.970.991.00.54-0.260.890.20.50.80.28
0.710.530.690.5-0.36-0.620.40.40.510.890.440.330.570.480.5-0.370.540.520.540.330.770.070.230.70.74
0.45-0.24-0.160.93-0.90.340.90.9-0.070.080.110.02-0.450.880.160.32-0.2-0.26-0.260.330.03-0.1-0.32-0.160.66
0.790.720.840.3-0.09-0.820.110.110.640.940.680.330.790.230.41-0.790.880.890.890.770.030.20.370.90.54
0.080.110.12-0.080.11-0.21-0.12-0.120.510.22-0.06-0.10.27-0.07-0.04-0.110.220.180.20.07-0.10.20.10.130.32
0.170.750.62-0.080.25-0.18-0.3-0.30.360.230.450.240.51-0.23-0.12-0.530.530.490.50.23-0.320.370.10.170.17
0.630.580.80.060.05-0.960.010.010.470.910.520.320.780.10.64-0.680.750.790.80.7-0.160.90.130.170.36
0.680.310.430.76-0.62-0.240.650.650.410.640.370.240.220.70.34-0.130.330.250.280.740.660.540.320.170.36
Click cells to compare fundamentals

Mkango Resources Account Relationship Matchups

Mkango Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.8M5.8M5.3M1.5M9.3M9.8M
Other Current Liab207.5K190.5K247.3K289.5K1.6M1.6M
Total Current Liabilities516.5K289.1K1.3M959.7K2.0M2.1M
Total Stockholder Equity12.2M10.2M4.0M(1.2M)2.5M2.7M
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)
Cash9.5M4.9M4.4M493.7K996.8K946.9K
Cash And Short Term Investments9.5M4.9M4.4M493.7K996.8K946.9K
Net Receivables204.3K203.4K98.1K186.7K449.8K472.3K
Common Stock Shares Outstanding124.2M133.0M153.1M215.1M238.8M250.7M
Liabilities And Stockholders Equity9.8M5.8M5.3M1.5M9.3M9.8M
Other Current Assets315.7K95.0K84.6K186.68449.8K472.3K
Other Stockholder Equity4.0M3.8M4.4M5.1M5.7M4.4M
Total Liab516.5K289.1K1.3M2.7M4.7M5.0M
Total Current Assets9.7M5.1M4.5M680.4K1.4M2.7M
Accounts Payable309.0K98.6K1.0M574.1K277.3K288.3K
Property Plant And Equipment Net95.9K64.5K40.6K48.2K657.1K689.9K
Non Current Assets Total95.9K651.4K718.2K846.5K7.8M8.2M
Property Plant And Equipment Gross95.9K64.5K186.6K212.6K1.5M1.6M
Accumulated Other Comprehensive Income106.4K120.9K122.4K(23.8K)(70.4K)(66.9K)
Net Tangible Assets12.2M10.2M4.0M(1.4M)(1.7M)(1.6M)
Current Deferred Revenue3.5K63.9K48.1K96.1K198.6K208.5K
Property Plant Equipment95.9K64.5K40.6K48.2K55.4K45.8K
Non Current Liabilities Total458.7K98.6K1.0M1.7M2.7M2.8M
Capital Surpluse3.7M3.8M4.0M3.5M4.0M4.0M
Net Invested Capital12.2M10.2M4.0M437.6K2.5M3.8M
Net Working Capital9.2M4.8M3.3M(279.3K)(588.6K)(559.1K)

Also Currently Popular

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.