MMTC Stock | | | 74.40 0.78 1.06% |
MMTC financial indicator trend analysis is infinitely more than just investigating MMTC Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MMTC Limited is a good investment. Please check the relationship between MMTC Long Term Debt and its Total Current Liabilities accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MMTC Limited. 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.
Long Term Debt vs Total Current Liabilities
Long Term Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
MMTC Limited Long Term Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MMTC's Long Term Debt and Total Current Liabilities is -0.1. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of MMTC Limited, assuming nothing else is changed. The correlation between historical values of MMTC's Long Term Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of MMTC Limited are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., MMTC's Long Term Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that MMTC Limited has held for over one year. Long-term debt appears on MMTC Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on MMTC Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Total Current Liabilities
Total Current Liabilities is an item on MMTC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MMTC Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from MMTC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MMTC Limited 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 MMTC Limited. 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.
Selling General Administrative is likely to drop to about 187.4
M in 2024.
Tax Provision is likely to drop to about 74.3
M in 2024
MMTC fundamental ratios Correlations
Click cells to compare fundamentals
MMTC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MMTC fundamental ratios Accounts
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Additional Tools for MMTC Stock Analysis
When running MMTC's price analysis, check to
measure MMTC'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 MMTC is operating at the current time. Most of MMTC's value examination focuses on studying past and present price action to
predict the probability of MMTC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MMTC's price. Additionally, you may evaluate how the addition of MMTC to your portfolios can decrease your overall portfolio volatility.