Midnight Capital Stock vs Total Assets Analysis
MMA Stock | CAD 0.43 0.01 2.27% |
Midnight Sun financial indicator trend analysis is infinitely more than just investigating Midnight Sun Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midnight Sun Mining is a good investment. Please check the relationship between Midnight Sun Capital Stock and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Midnight Sun Mining. 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.
Capital Stock vs Total Assets
Capital Stock vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midnight Sun Mining Capital Stock account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Midnight Sun's Capital Stock and Total Assets is 0.55. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Total Assets in the same time period over historical financial statements of Midnight Sun Mining, assuming nothing else is changed. The correlation between historical values of Midnight Sun's Capital Stock and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Midnight Sun Mining are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Capital Stock i.e., Midnight Sun's Capital Stock and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Total Assets
Total assets refers to the total amount of Midnight Sun 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 Midnight Sun Mining 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.Most indicators from Midnight Sun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Midnight Sun Mining 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 Midnight Sun Mining. 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. At this time, Midnight Sun's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 32.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 637.4 K in 2024.
Midnight Sun fundamental ratios Correlations
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Midnight Sun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Midnight Sun fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.9M | 20.0M | 20.8M | 10.7M | 14.0M | 7.4M | |
Total Current Liabilities | 616.0K | 201.1K | 172.0K | 478.7K | 417.1K | 281.4K | |
Total Stockholder Equity | 10.8M | 12.3M | 14.6M | 4.6M | 11.2M | 11.8M | |
Net Debt | 34.1K | (1.0M) | (2.5M) | 17.9K | 352.4K | 370.0K | |
Retained Earnings | (7.2M) | (8.0M) | (8.3M) | (18.8M) | (13.8M) | (13.1M) | |
Accounts Payable | 467.5K | 179.6K | 81.1K | 343.1K | 110.5K | 105.0K | |
Cash | 7.0K | 1.1M | 2.6M | 40.5K | 23.9K | 22.7K | |
Non Current Assets Total | 18.8M | 17.8M | 18.1M | 10.5M | 13.9M | 7.7M | |
Cash And Short Term Investments | 7.0K | 1.4M | 2.6M | 40.5K | 23.9K | 22.7K | |
Net Receivables | 76.7K | 860.7K | 6.3K | 131.8K | 31.2K | 29.7K | |
Common Stock Shares Outstanding | 89.9M | 96.9M | 108.2M | 113.0M | 118.3M | 124.3M | |
Liabilities And Stockholders Equity | 18.9M | 20.0M | 20.8M | 10.7M | 14.0M | 7.4M | |
Other Stockholder Equity | (54K) | (33.5K) | 1.9M | 2.4M | 2.7M | 2.1M | |
Total Liab | 633.2K | 241.1K | 230.0K | 518.7K | 731.1K | 767.7K | |
Total Current Assets | 105.3K | 2.3M | 2.6M | 191.3K | 104.7K | 99.4K | |
Other Current Liab | 124.6K | 4.2K | 66.3K | 117.1K | 354.9K | 372.6K | |
Property Plant And Equipment Net | 18.8M | 17.8M | 17.6M | 10.0M | 371.3K | 352.8K | |
Common Stock | 16.3M | 16.6M | 18.5M | 21.0M | 22.1M | 13.8M | |
Net Tangible Assets | 10.8M | 12.3M | 14.6M | 4.6M | 5.3M | 7.3M | |
Other Current Assets | 21.6K | 26.0K | 65.1K | 19.1K | 49.6K | 37.0K | |
Property Plant Equipment | 18.8M | 17.8M | 17.6M | 10.0M | 11.5M | 9.6M | |
Accumulated Other Comprehensive Income | 1.5M | 1.9M | 1.9M | 2.4M | 2.9M | 1.7M | |
Non Currrent Assets Other | (54K) | (33.5K) | 175.4K | 13.0M | 14.9M | 15.6M | |
Net Invested Capital | 10.8M | 12.4M | 14.7M | 4.7M | 11.4M | 8.4M | |
Net Working Capital | (510.6K) | 2.1M | 2.5M | (287.3K) | (312.4K) | (296.8K) |
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When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.