Precious Net Debt vs Cash And Short Term Investments Analysis

MMP-UN Stock

CAD 1.83 0.04 2.14%

Precious Metals financial indicator trend analysis is much more than just breaking down Precious Metals And prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precious Metals And is a good investment. Please check the relationship between Precious Metals Net Debt and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Precious Metals And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precious Metals And Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Precious Metals' Net Debt and Cash And Short Term Investments is -0.28. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Precious Metals And, assuming nothing else is changed. The correlation between historical values of Precious Metals' Net Debt and Cash And Short Term Investments 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 Precious Metals And are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Precious Metals' Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

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 And Short Term Investments

Short Term Investments is an account in the current assets section of Precious Metals And balance sheet. This account contains Precious Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Precious Metals And 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.

Most indicators from Precious Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Precious Metals And 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 Precious Metals And. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

As of December 17, 2024, Selling General Administrative is expected to decline to about 248.9 K. In addition to that, Sales General And Administrative To Revenue is expected to decline to 1.07

	2021	2022	2023	2024 (projected)
Total Operating Expenses	425K	321K	8K	7.6K
Cost Of Revenue	662K	512K	488K	873.2K

Total Operating Expenses Cost Of Revenue

Precious Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Non Current Assets Total	Inventory	Other Current Assets	Common Stock	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Net Tangible Assets	Net Invested Capital	Long Term Investments	Net Working Capital
Total Assets		0.4	0.6	1.0	-0.83	0.94	0.83	0.04	0.69	0.5	0.69	0.96	0.6	0.04	0.91	-0.71	0.68	0.76	0.64	-0.33	0.52	0.55	0.58	0.54	0.58
Other Current Liab	0.4		0.97	0.35	-0.52	0.14	0.52	0.72	0.83	-0.28	0.75	0.39	0.97	0.72	0.74	-0.48	0.53	0.52	0.5	-0.21	0.36	0.33	0.37	0.31	0.36
Total Current Liabilities	0.6	0.97		0.56	-0.61	0.36	0.61	0.62	0.87	-0.13	0.81	0.6	1.0	0.63	0.88	-0.58	0.64	0.63	0.59	-0.25	0.42	0.4	0.45	0.39	0.44
Total Stockholder Equity	1.0	0.35	0.56		-0.82	0.95	0.82	0.0	0.66	0.53	0.67	0.96	0.56	0.0	0.89	-0.7	0.66	0.75	0.63	-0.33	0.51	0.54	0.57	0.53	0.57
Net Debt	-0.83	-0.52	-0.61	-0.82		-0.76	-1.0	-0.28	-0.84	-0.3	-0.66	-0.79	-0.62	-0.29	-0.81	0.64	-0.52	-0.67	-0.57	0.29	-0.5	-0.46	-0.5	-0.45	-0.49
Accounts Payable	0.94	0.14	0.36	0.95	-0.76		0.76	-0.11	0.55	0.5	0.42	0.95	0.37	-0.11	0.75	-0.49	0.55	0.54	0.49	-0.23	0.36	0.36	0.39	0.35	0.39
Cash	0.83	0.52	0.61	0.82	-1.0	0.76		0.28	0.84	0.3	0.66	0.79	0.62	0.29	0.81	-0.64	0.52	0.67	0.57	-0.29	0.5	0.46	0.5	0.45	0.49
Cash And Short Term Investments	0.04	0.72	0.62	0.0	-0.28	-0.11	0.28		0.53	-0.32	0.37	0.07	0.62	1.0	0.34	-0.17	0.07	0.17	-0.04	-0.38	0.35	0.16	0.3	0.2	0.26
Net Receivables	0.69	0.83	0.87	0.66	-0.84	0.55	0.84	0.53		-0.1	0.71	0.7	0.87	0.53	0.86	-0.5	0.62	0.55	0.54	-0.15	0.28	0.32	0.34	0.34	0.34
Common Stock Shares Outstanding	0.5	-0.28	-0.13	0.53	-0.3	0.5	0.3	-0.32	-0.1		0.34	0.34	-0.13	-0.32	0.23	-0.63	0.31	0.59	0.29	-0.37	0.65	0.58	0.65	0.63	0.64
Short Term Investments	0.69	0.75	0.81	0.67	-0.66	0.42	0.66	0.37	0.71	0.34		0.54	0.81	0.37	0.85	-0.89	0.69	0.94	0.66	-0.48	0.69	0.79	0.8	0.79	0.81
Other Stockholder Equity	0.96	0.39	0.6	0.96	-0.79	0.95	0.79	0.07	0.7	0.34	0.54		0.6	0.08	0.88	-0.53	0.6	0.58	0.55	-0.21	0.37	0.37	0.4	0.36	0.4
Total Liab	0.6	0.97	1.0	0.56	-0.62	0.37	0.62	0.62	0.87	-0.13	0.81	0.6		0.62	0.88	-0.58	0.64	0.63	0.59	-0.25	0.42	0.41	0.45	0.39	0.44
Total Current Assets	0.04	0.72	0.63	0.0	-0.29	-0.11	0.29	1.0	0.53	-0.32	0.37	0.08	0.62		0.34	-0.17	0.08	0.18	-0.04	-0.38	0.35	0.16	0.3	0.2	0.27
Non Current Assets Total	0.91	0.74	0.88	0.89	-0.81	0.75	0.81	0.34	0.86	0.23	0.85	0.88	0.88	0.34		-0.73	0.74	0.79	0.69	-0.33	0.53	0.56	0.59	0.55	0.59
Inventory	-0.71	-0.48	-0.58	-0.7	0.64	-0.49	-0.64	-0.17	-0.5	-0.63	-0.89	-0.53	-0.58	-0.17	-0.73		-0.61	-0.93	-0.62	0.52	-0.8	-0.84	-0.87	-0.82	-0.88
Other Current Assets	0.68	0.53	0.64	0.66	-0.52	0.55	0.52	0.07	0.62	0.31	0.69	0.6	0.64	0.08	0.74	-0.61		0.66	0.71	-0.22	0.36	0.48	0.49	0.45	0.49
Common Stock	0.76	0.52	0.63	0.75	-0.67	0.54	0.67	0.17	0.55	0.59	0.94	0.58	0.63	0.18	0.79	-0.93	0.66		0.68	-0.57	0.75	0.82	0.85	0.84	0.85
Non Currrent Assets Other	0.64	0.5	0.59	0.63	-0.57	0.49	0.57	-0.04	0.54	0.29	0.66	0.55	0.59	-0.04	0.69	-0.62	0.71	0.68		-0.14	0.38	0.27	0.36	0.23	0.34
Other Assets	-0.33	-0.21	-0.25	-0.33	0.29	-0.23	-0.29	-0.38	-0.15	-0.37	-0.48	-0.21	-0.25	-0.38	-0.33	0.52	-0.22	-0.57	-0.14		-0.59	-0.66	-0.76	-0.6	-0.73
Non Current Liabilities Total	0.52	0.36	0.42	0.51	-0.5	0.36	0.5	0.35	0.28	0.65	0.69	0.37	0.42	0.35	0.53	-0.8	0.36	0.75	0.38	-0.59		0.74	0.9	0.73	0.87
Net Tangible Assets	0.55	0.33	0.4	0.54	-0.46	0.36	0.46	0.16	0.32	0.58	0.79	0.37	0.41	0.16	0.56	-0.84	0.48	0.82	0.27	-0.66	0.74		0.93	0.95	0.95
Net Invested Capital	0.58	0.37	0.45	0.57	-0.5	0.39	0.5	0.3	0.34	0.65	0.8	0.4	0.45	0.3	0.59	-0.87	0.49	0.85	0.36	-0.76	0.9	0.93		0.91	0.99
Long Term Investments	0.54	0.31	0.39	0.53	-0.45	0.35	0.45	0.2	0.34	0.63	0.79	0.36	0.39	0.2	0.55	-0.82	0.45	0.84	0.23	-0.6	0.73	0.95	0.91		0.92
Net Working Capital	0.58	0.36	0.44	0.57	-0.49	0.39	0.49	0.26	0.34	0.64	0.81	0.4	0.44	0.27	0.59	-0.88	0.49	0.85	0.34	-0.73	0.87	0.95	0.99	0.92

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Precious Metals Account Relationship Matchups

Precious Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	29.0M	35.7M	30.9M	23.2M	19.7M	18.7M
Other Current Liab	118K	(140K)	(13K)	(3K)	284K	269.8K
Total Current Liabilities	289K	140K	141K	119K	391K	371.5K
Total Stockholder Equity	28.8M	35.4M	30.6M	22.9M	19.4M	18.5M
Net Debt	(164K)	(1.3M)	(585K)	(575K)	(282K)	(296.1K)
Accounts Payable	171K	140K	13K	3K	107K	101.7K
Cash	164K	1.3M	585K	575K	282K	267.9K
Cash And Short Term Investments	28.9M	1.3M	585K	575K	19.7M	34.2M
Net Receivables	1K	110K	32K	81K	8K	11.4K
Common Stock Shares Outstanding	18.1M	16.3M	13.7M	12.5M	11.4M	14.4M
Short Term Investments	28.8M	34.3M	30.2M	22.6M	19.4M	18.5M
Liabilities And Stockholders Equity	29.0M	35.7M	30.9M	23.2M	19.7M	18.7M
Total Liab	289K	140K	141K	119K	284K	269.8K
Total Current Assets	29.0M	1.4M	666K	586K	19.7M	34.4M
Non Current Assets Total	28.8M	34.3M	30.2M	22.6M	19.4M	18.5M
Other Current Assets	63.0	(27.9M)	0.0	3K	1K	950.0
Common Stock	28.8M	35.4M	30.6M	22.9M	19.4M	29.0M
Non Currrent Assets Other	(28.8M)	(34.3M)	(30.2M)	(22.6M)	(19.4M)	(20.4M)
Non Current Liabilities Total	289K	266K	263K	328K	284K	313.2K
Net Tangible Assets	27.3M	28.8M	35.4M	30.6M	27.6M	25.7M
Long Term Investments	28.8M	34.3M	30.2M	22.6M	19.4M	22.7M

Pair Trading with Precious Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precious Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precious Metals will appreciate offsetting losses from the drop in the long position's value.

Moving against Precious Stock

0.47

ECN

ECN Capital Corp

Pair Corr

The ability to find closely correlated positions to Precious Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precious Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precious Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precious Metals And to buy it.

The correlation of Precious Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precious Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precious Metals And moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Precious Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Precious Stock

Balance Sheet is a snapshot of the financial position of Precious Metals And at a specified time, usually calculated after every quarter, six months, or one year. Precious Metals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Precious Metals 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 Precious currently owns. An asset can also be divided into two categories, current and non-current.

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Precious Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

Precious Metals fundamental ratios Correlations

Precious Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Precious Metals fundamental ratios Accounts

Pair Trading with Precious Metals

Moving against Precious Stock

Other Information on Investing in Precious Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Cash And Short Term Investments
Net Working Capital	+ 0.99	Net Invested Capital
Total Current Liabilities	+ 0.97	Other Current Liab
Total Liab	+ 0.97	Other Current Liab

Cash	- 1.0	Net Debt
Common Stock	- 0.93	Inventory
Inventory	- 0.89	Short Term Investments
Net Working Capital	- 0.88	Inventory
Net Invested Capital	- 0.87	Inventory
Net Tangible Assets	- 0.84	Inventory