Midnight Net Debt vs Cash 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 Net Debt and its Cash 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midnight Sun Mining Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Midnight Sun's Net Debt and Cash is -0.99. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash 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 Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Midnight Sun Mining are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Midnight Sun's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.99

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Midnight Sun Mining, which is listed under current asset account on Midnight Sun Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Midnight Sun customers. The amounts must be unrestricted with restricted cash listed in a different Midnight Sun account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Property Plant And Equipment Net	Common Stock	Net Tangible Assets	Other Assets	Other Current Assets	Property Plant Equipment	Non Currrent Assets Other	Net Invested Capital	Net Working Capital	Capital Stock	Short Long Term Debt Total
Total Assets		0.41	0.91	-0.32	-0.56	0.23	0.39	1.0	0.43	0.46	0.82	-0.45	0.44	0.61	0.2	0.88	0.91	0.93	0.62	0.57	0.99	0.11	0.6	-0.09	0.55	0.2
Total Current Liabilities	0.41		0.4	0.16	-0.49	0.86	-0.15	0.45	-0.16	-0.06	0.49	0.13	0.82	-0.12	0.19	0.38	0.52	0.4	0.72	0.42	0.45	0.4	-0.08	-0.65	0.1	0.08
Total Stockholder Equity	0.91	0.4		-0.26	-0.57	0.16	0.37	0.91	0.4	0.31	0.88	-0.42	0.58	0.55	0.43	0.7	0.88	0.94	0.58	0.73	0.92	0.35	0.6	-0.18	0.6	0.45
Net Debt	-0.32	0.16	-0.26		-0.2	0.12	-0.99	-0.24	-0.98	-0.14	-0.01	0.0	0.34	-0.85	0.25	-0.45	-0.14	-0.45	-0.3	-0.36	-0.24	0.46	-0.53	-0.77	0.04	0.39
Retained Earnings	-0.56	-0.49	-0.57	-0.2		-0.2	0.09	-0.59	0.08	-0.16	-0.89	0.02	-0.72	-0.04	-0.55	-0.3	-0.82	-0.43	-0.56	-0.38	-0.59	-0.73	0.16	0.54	-0.85	-0.57
Accounts Payable	0.23	0.86	0.16	0.12	-0.2		-0.17	0.26	-0.17	0.05	0.21	0.23	0.54	-0.13	-0.29	0.37	0.25	0.26	0.53	0.23	0.27	0.09	-0.08	-0.44	-0.18	-0.24
Cash	0.39	-0.15	0.37	-0.99	0.09	-0.17		0.31	0.99	0.14	0.14	0.0	-0.24	0.88	-0.12	0.45	0.24	0.51	0.36	0.43	0.32	-0.35	0.58	0.72	0.11	-0.23
Non Current Assets Total	1.0	0.45	0.91	-0.24	-0.59	0.26	0.31		0.35	0.43	0.85	-0.45	0.49	0.53	0.24	0.86	0.92	0.91	0.62	0.57	0.99	0.16	0.56	-0.18	0.56	0.24
Cash And Short Term Investments	0.43	-0.16	0.4	-0.98	0.08	-0.17	0.99	0.35		0.25	0.16	-0.04	-0.25	0.91	-0.14	0.49	0.26	0.54	0.36	0.42	0.35	-0.37	0.6	0.74	0.11	-0.23
Net Receivables	0.46	-0.06	0.31	-0.14	-0.16	0.05	0.14	0.43	0.25		0.27	-0.28	-0.07	0.51	-0.23	0.48	0.31	0.38	0.21	-0.06	0.44	-0.21	0.25	0.29	0.11	-0.09
Common Stock Shares Outstanding	0.82	0.49	0.88	-0.01	-0.89	0.21	0.14	0.85	0.16	0.27		-0.23	0.74	0.32	0.55	0.56	0.95	0.76	0.64	0.6	0.85	0.59	0.25	-0.42	0.83	0.6
Other Stockholder Equity	-0.45	0.13	-0.42	0.0	0.02	0.23	0.0	-0.45	-0.04	-0.28	-0.23		0.09	-0.25	-0.13	-0.48	-0.32	-0.46	0.2	-0.18	-0.46	-0.02	-0.22	0.07	-0.06	0.02
Total Liab	0.44	0.82	0.58	0.34	-0.72	0.54	-0.24	0.49	-0.25	-0.07	0.74	0.09		-0.17	0.62	0.17	0.63	0.42	0.64	0.47	0.51	0.72	-0.05	-0.76	0.5	0.63
Total Current Assets	0.61	-0.12	0.55	-0.85	-0.04	-0.13	0.88	0.53	0.91	0.51	0.32	-0.25	-0.17		-0.12	0.63	0.43	0.69	0.31	0.38	0.54	-0.3	0.63	0.66	0.22	-0.16
Other Current Liab	0.2	0.19	0.43	0.25	-0.55	-0.29	-0.12	0.24	-0.14	-0.23	0.55	-0.13	0.62	-0.12		-0.18	0.41	0.18	0.23	0.31	0.24	0.71	-0.09	-0.49	0.59	0.82
Property Plant And Equipment Net	0.88	0.38	0.7	-0.45	-0.3	0.37	0.45	0.86	0.49	0.48	0.56	-0.48	0.17	0.63	-0.18		0.68	0.87	0.49	0.42	0.87	-0.2	0.5	0.07	0.18	-0.26
Common Stock	0.91	0.52	0.88	-0.14	-0.82	0.25	0.24	0.92	0.26	0.31	0.95	-0.32	0.63	0.43	0.41	0.68		0.82	0.68	0.64	0.9	0.48	0.34	-0.32	0.75	0.4
Net Tangible Assets	0.93	0.4	0.94	-0.45	-0.43	0.26	0.51	0.91	0.54	0.38	0.76	-0.46	0.42	0.69	0.18	0.87	0.82		0.57	0.7	0.93	0.12	0.63	-0.02	0.41	0.14
Other Assets	0.62	0.72	0.58	-0.3	-0.56	0.53	0.36	0.62	0.36	0.21	0.64	0.2	0.64	0.31	0.23	0.49	0.68	0.57		0.6	0.6	0.27	0.25	-0.2	0.36	0.17
Other Current Assets	0.57	0.42	0.73	-0.36	-0.38	0.23	0.43	0.57	0.42	-0.06	0.6	-0.18	0.47	0.38	0.31	0.42	0.64	0.7	0.6		0.57	0.42	0.45	-0.15	0.36	0.27
Property Plant Equipment	0.99	0.45	0.92	-0.24	-0.59	0.27	0.32	0.99	0.35	0.44	0.85	-0.46	0.51	0.54	0.24	0.87	0.9	0.93	0.6	0.57		0.16	0.54	-0.18	0.55	0.24
Non Currrent Assets Other	0.11	0.4	0.35	0.46	-0.73	0.09	-0.35	0.16	-0.37	-0.21	0.59	-0.02	0.72	-0.3	0.71	-0.2	0.48	0.12	0.27	0.42	0.16		-0.34	-0.71	0.6	0.72
Net Invested Capital	0.6	-0.08	0.6	-0.53	0.16	-0.08	0.58	0.56	0.6	0.25	0.25	-0.22	-0.05	0.63	-0.09	0.5	0.34	0.63	0.25	0.45	0.54	-0.34		0.41	0.14	0.08
Net Working Capital	-0.09	-0.65	-0.18	-0.77	0.54	-0.44	0.72	-0.18	0.74	0.29	-0.42	0.07	-0.76	0.66	-0.49	0.07	-0.32	-0.02	-0.2	-0.15	-0.18	-0.71	0.41		-0.25	-0.46
Capital Stock	0.55	0.1	0.6	0.04	-0.85	-0.18	0.11	0.56	0.11	0.11	0.83	-0.06	0.5	0.22	0.59	0.18	0.75	0.41	0.36	0.36	0.55	0.6	0.14	-0.25		0.74
Short Long Term Debt Total	0.2	0.08	0.45	0.39	-0.57	-0.24	-0.23	0.24	-0.23	-0.09	0.6	0.02	0.63	-0.16	0.82	-0.26	0.4	0.14	0.17	0.27	0.24	0.72	0.08	-0.46	0.74

Click cells to compare fundamentals

Midnight Sun Account Relationship Matchups

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)

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Midnight Stock Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC