Metallic Total Current Assets vs Property Plant And Equipment Net Analysis

MMG Stock  CAD 0.16  0.01  6.67%   
Metallic Minerals financial indicator trend analysis is infinitely more than just investigating Metallic Minerals Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metallic Minerals Corp is a good investment. Please check the relationship between Metallic Minerals Total Current Assets and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metallic Minerals Corp. 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.

Total Current Assets vs Property Plant And Equipment Net

Total Current Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metallic Minerals Corp Total Current Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Metallic Minerals' Total Current Assets and Property Plant And Equipment Net is 0.57. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Metallic Minerals Corp, assuming nothing else is changed. The correlation between historical values of Metallic Minerals' Total Current Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Metallic Minerals Corp are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Current Assets i.e., Metallic Minerals' Total Current Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Metallic Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metallic Minerals Corp 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 Metallic Minerals Corp. 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, Metallic Minerals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 45.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 5.3 M in 2024.
 2020 2021 2023 2024 (projected)
Interest Income17.2K15.3K17.5K22.2K
Net Interest Income17.2K15.3K17.5K22.2K

Metallic Minerals fundamental ratios Correlations

-0.140.70.131.00.8-0.92-0.860.950.890.810.950.90.910.860.52-0.280.140.95-0.140.00.93-0.530.950.94-0.26
-0.14-0.160.47-0.18-0.080.220.0-0.14-0.12-0.18-0.14-0.110.060.26-0.13-0.30.48-0.141.0-0.18-0.12-0.17-0.07-0.02-0.32
0.7-0.160.250.680.37-0.65-0.580.720.530.830.720.720.620.560.220.130.230.72-0.160.020.62-0.280.690.63-0.21
0.130.470.250.060.06-0.1-0.240.150.10.110.150.060.250.25-0.23-0.320.990.130.470.60.1-0.350.180.2-0.61
1.0-0.180.680.060.8-0.91-0.850.940.890.810.940.90.90.850.54-0.260.070.94-0.18-0.040.93-0.510.940.93-0.22
0.8-0.080.370.060.8-0.58-0.510.580.970.450.580.530.560.590.39-0.20.070.57-0.080.060.59-0.190.60.61-0.06
-0.920.22-0.65-0.1-0.91-0.580.95-0.98-0.66-0.74-0.98-0.87-0.93-0.85-0.50.25-0.11-0.970.220.02-0.980.69-0.95-0.960.25
-0.860.0-0.58-0.24-0.85-0.510.95-0.94-0.59-0.69-0.94-0.84-0.97-0.91-0.40.42-0.25-0.940.00.05-0.960.77-0.96-0.970.43
0.95-0.140.720.150.940.58-0.98-0.940.70.821.00.920.960.890.5-0.280.161.0-0.14-0.040.98-0.670.990.98-0.31
0.89-0.120.530.10.890.97-0.66-0.590.70.640.70.680.660.660.45-0.240.110.69-0.120.080.68-0.230.720.71-0.16
0.81-0.180.830.110.810.45-0.74-0.690.820.640.820.90.750.630.39-0.210.10.82-0.18-0.010.72-0.390.820.75-0.46
0.95-0.140.720.150.940.58-0.98-0.941.00.70.820.920.960.890.5-0.280.161.0-0.14-0.040.98-0.670.990.98-0.31
0.9-0.110.720.060.90.53-0.87-0.840.920.680.90.920.90.820.46-0.350.060.93-0.11-0.110.89-0.560.930.89-0.32
0.910.060.620.250.90.56-0.93-0.970.960.660.750.960.90.940.44-0.440.260.960.06-0.060.97-0.780.980.99-0.45
0.860.260.560.250.850.59-0.85-0.910.890.660.630.890.820.940.48-0.40.270.890.26-0.170.91-0.630.910.94-0.28
0.52-0.130.22-0.230.540.39-0.5-0.40.50.450.390.50.460.440.48-0.4-0.140.5-0.130.020.51-0.120.490.50.09
-0.28-0.30.13-0.32-0.26-0.20.250.42-0.28-0.24-0.21-0.28-0.35-0.44-0.4-0.4-0.36-0.28-0.3-0.28-0.320.38-0.38-0.40.59
0.140.480.230.990.070.07-0.11-0.250.160.110.10.160.060.260.27-0.14-0.360.140.480.620.11-0.350.190.21-0.59
0.95-0.140.720.130.940.57-0.97-0.941.00.690.821.00.930.960.890.5-0.280.14-0.14-0.050.98-0.670.990.98-0.3
-0.141.0-0.160.47-0.18-0.080.220.0-0.14-0.12-0.18-0.14-0.110.060.26-0.13-0.30.48-0.14-0.18-0.12-0.17-0.07-0.02-0.32
0.0-0.180.020.6-0.040.060.020.05-0.040.08-0.01-0.04-0.11-0.06-0.170.02-0.280.62-0.05-0.18-0.09-0.01-0.05-0.05-0.28
0.93-0.120.620.10.930.59-0.98-0.960.980.680.720.980.890.970.910.51-0.320.110.98-0.12-0.09-0.710.980.99-0.26
-0.53-0.17-0.28-0.35-0.51-0.190.690.77-0.67-0.23-0.39-0.67-0.56-0.78-0.63-0.120.38-0.35-0.67-0.17-0.01-0.71-0.67-0.70.55
0.95-0.070.690.180.940.6-0.95-0.960.990.720.820.990.930.980.910.49-0.380.190.99-0.07-0.050.98-0.670.99-0.39
0.94-0.020.630.20.930.61-0.96-0.970.980.710.750.980.890.990.940.5-0.40.210.98-0.02-0.050.99-0.70.99-0.36
-0.26-0.32-0.21-0.61-0.22-0.060.250.43-0.31-0.16-0.46-0.31-0.32-0.45-0.280.090.59-0.59-0.3-0.32-0.28-0.260.55-0.39-0.36
Click cells to compare fundamentals

Metallic Minerals Account Relationship Matchups

Metallic Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4M8.4M9.1M11.4M13.1M13.8M
Other Current Liab214.5K193.6K232.2K646.5K743.5K780.6K
Total Current Liabilities1.2M193.6K634.7K646.5K743.5K565.6K
Total Stockholder Equity2.3M8.1M8.4M10.7M12.4M13.0M
Property Plant And Equipment Net984.6K1.9M3.3M4.1M3.7M3.9M
Net Debt(503.8K)(4.0M)(4.6M)(5.7M)(5.1M)(4.8M)
Retained Earnings(18.6M)(26.0M)(32.6M)(36.9M)(33.2M)(31.6M)
Cash1.3M4.0M4.6M5.7M6.5M6.8M
Non Current Assets Total1.9M3.3M4.2M4.7M5.5M5.7M
Cash And Short Term Investments1.3M4.0M4.6M5.7M6.5M6.8M
Net Receivables182.0K676.5K154.6K899.3K1.0M1.1M
Common Stock Shares Outstanding96.0M124.0M137.5M153.8M176.8M185.7M
Liabilities And Stockholders Equity3.4M8.4M9.1M11.4M13.1M13.8M
Other Stockholder Equity1.4M1.9M3.2M3.4M3.1M3.7M
Total Liab1.2M253.6K694.7K646.5K743.5K584.6K
Total Current Assets1.5M5.1M4.9M6.7M7.7M8.0M
Accounts Payable153.9K165.0K178.6K402.5K362.2K275.4K
Accumulated Other Comprehensive Income1.9M3.2M3.4M3.9M4.5M4.7M
Net Tangible Assets1.9M2.3M8.1M8.4M9.7M10.2M
Common Stock18.9M30.9M37.6M43.8M50.3M52.8M
Property Plant Equipment984.6K1.9M3.3M4.1M4.8M5.0M
Other Current Assets54.7K377.2K182.3K86.8K78.1K132.9K
Net Invested Capital2.0M3.0M8.1M8.4M9.7M10.2M
Net Working Capital925.4K361.0K4.9M4.3M4.9M5.2M
Capital Stock16.1M18.9M30.9M37.6M43.2M25.7M

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