Metalnrg Capital Surpluse vs Cash Analysis
MNRG Stock | 29.00 5.00 14.71% |
Metalnrg PLC financial indicator trend analysis is infinitely more than just investigating Metalnrg PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Metalnrg PLC is a good investment. Please check the relationship between Metalnrg PLC Capital Surpluse and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metalnrg PLC. 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 Surpluse vs Cash
Capital Surpluse vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metalnrg PLC Capital Surpluse account and Cash. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Metalnrg PLC's Capital Surpluse and Cash is -0.65. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Cash in the same time period over historical financial statements of Metalnrg PLC, assuming nothing else is changed. The correlation between historical values of Metalnrg PLC's Capital Surpluse 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 Capital Surpluse of Metalnrg PLC 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 Capital Surpluse i.e., Metalnrg PLC's Capital Surpluse and Cash go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Capital Surpluse
Cash
Cash refers to the most liquid asset of Metalnrg PLC, which is listed under current asset account on Metalnrg PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Metalnrg PLC customers. The amounts must be unrestricted with restricted cash listed in a different Metalnrg PLC 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 Metalnrg PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Metalnrg PLC 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 Metalnrg PLC. 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 gain to about 1.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
Metalnrg PLC fundamental ratios Correlations
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Metalnrg PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Metalnrg PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.1M | 1.2M | 3.0M | 2.0M | 1.7M | 969.4K | |
Other Current Liab | 21.1K | 45.6K | 126.0K | 114.5K | 211.4K | 222.0K | |
Total Current Liabilities | 214.9K | 1.0M | 649.1K | 1.8M | 2.9M | 3.1M | |
Total Stockholder Equity | 890.7K | 150.2K | 2.3M | 188.3K | (1.2M) | (1.2M) | |
Net Debt | (139.0K) | 693.7K | 290.0K | 425.5K | 843.5K | 885.6K | |
Retained Earnings | (1.8M) | (2.6M) | (4.5M) | (6.7M) | (8.1M) | (7.7M) | |
Accounts Payable | 193.8K | 237.1K | 207.0K | 1.3M | 1.9M | 2.0M | |
Cash | 139.0K | 63.6K | 49.3K | 24.7K | 5.4K | 5.1K | |
Cash And Short Term Investments | 139.0K | 63.6K | 49.3K | 24.7K | 5.4K | 5.1K | |
Net Receivables | 138.0 | 12.1K | 1.0M | 570.7K | 35.9K | 34.1K | |
Common Stock Shares Outstanding | 260.7M | 363.6M | 849.2M | 1.2B | 1.2B | 1.3B | |
Other Current Assets | 85.3K | 29.7K | 1.1M | 581.6K | 72.4K | 68.7K | |
Other Stockholder Equity | 2.2M | 2.5M | 6.4M | 6.5M | 6.8M | 7.1M | |
Total Liab | 214.9K | 1.1M | 672.4K | 1.9M | 2.9M | 3.1M | |
Total Current Assets | 224.3K | 93.3K | 1.1M | 606.3K | 77.7K | 73.8K | |
Common Stock | 272.8K | 37.1K | 113.5K | 123.2K | 110.9K | 103.2K | |
Liabilities And Stockholders Equity | 1.1M | 1.2M | 3.0M | 2.0M | 1.7M | 1.1M | |
Non Current Liabilities Total | 214.9K | 29.0K | 23.3K | 25.7K | 22.2K | 21.1K | |
Net Tangible Assets | 313.1K | 224.5K | (518.7K) | 1.7M | 2.0M | 2.1M | |
Non Current Assets Total | 881.3K | 1.1M | 1.8M | 1.4M | 1.6M | 1.1M | |
Capital Surpluse | 1.1M | 1.9M | 2.4M | 2.5M | 2.9M | 1.9M | |
Non Currrent Assets Other | (1.0) | 466.7K | 1.3M | 860.8K | (1.0M) | (985.5K) |
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