Metalnrg Cash And Short Term Investments vs Net Working Capital 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 Cash And Short Term Investments and its Net Working Capital 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.

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Metalnrg PLC Cash And Short Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Metalnrg PLC's Cash And Short Term Investments and Net Working Capital is 0.65. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Working Capital 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 Cash And Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Metalnrg PLC are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Cash And Short Term Investments i.e., Metalnrg PLC's Cash And Short Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

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Cash And Short Term Investments

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

Net Working Capital

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

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Assets	Non Current Liabilities Total	Net Tangible Assets	Common Stock Total Equity	Capital Surpluse	Non Currrent Assets Other	Net Invested Capital	Net Working Capital
Total Assets		0.65	0.52	0.35	0.6	-0.69	0.47	-0.63	-0.71	0.82	0.71	-0.37	-0.64	0.86	0.83	0.53	0.72	-0.17	0.74	0.23	0.67	0.87	0.87	0.31	0.59	-0.36
Other Current Liab	0.65		0.96	-0.42	0.89	-0.97	0.94	-0.74	-0.75	0.36	0.95	-0.32	-0.44	0.37	0.95	0.96	0.17	-0.16	0.9	-0.08	0.91	0.64	0.69	-0.43	-0.15	-0.84
Total Current Liabilities	0.52	0.96		-0.6	0.94	-0.97	0.98	-0.74	-0.74	0.16	0.93	-0.32	-0.43	0.17	0.88	1.0	-0.05	-0.19	0.89	-0.07	0.81	0.63	0.68	-0.53	-0.34	-0.94
Total Stockholder Equity	0.35	-0.42	-0.6		-0.47	0.41	-0.63	0.21	0.15	0.6	-0.34	0.0	-0.12	0.63	-0.17	-0.59	0.74	0.04	-0.28	0.31	-0.22	0.07	0.04	0.85	0.94	0.7
Net Debt	0.6	0.89	0.94	-0.47		-0.89	0.86	-0.79	-0.76	0.22	0.85	-0.29	-0.53	0.24	0.84	0.94	0.01	-0.26	0.96	-0.1	0.66	0.69	0.74	-0.37	-0.15	-0.85
Retained Earnings	-0.69	-0.97	-0.97	0.41	-0.89		-0.95	0.75	0.78	-0.39	-0.98	0.36	0.48	-0.4	-0.97	-0.97	-0.19	0.18	-0.91	0.04	-0.9	-0.72	-0.75	0.35	0.15	0.86
Accounts Payable	0.47	0.94	0.98	-0.63	0.86	-0.95		-0.71	-0.71	0.13	0.92	-0.29	-0.38	0.14	0.86	0.98	-0.08	-0.14	0.8	-0.03	0.84	0.57	0.62	-0.58	-0.42	-0.94
Cash	-0.63	-0.74	-0.74	0.21	-0.79	0.75	-0.71		0.73	-0.34	-0.73	0.02	0.74	-0.4	-0.76	-0.74	-0.2	0.18	-0.75	-0.13	-0.64	-0.57	-0.65	0.18	-0.02	0.62
Cash And Short Term Investments	-0.71	-0.75	-0.74	0.15	-0.76	0.78	-0.71	0.73		-0.38	-0.81	0.7	0.67	-0.44	-0.81	-0.75	-0.16	0.49	-0.76	-0.24	-0.65	-0.72	-0.79	0.14	-0.1	0.65
Net Receivables	0.82	0.36	0.16	0.6	0.22	-0.39	0.13	-0.34	-0.38		0.46	-0.19	-0.38	0.99	0.58	0.17	0.97	-0.08	0.48	-0.08	0.55	0.47	0.44	0.64	0.76	0.1
Common Stock Shares Outstanding	0.71	0.95	0.93	-0.34	0.85	-0.98	0.92	-0.73	-0.81	0.46		-0.42	-0.46	0.47	0.97	0.93	0.26	-0.29	0.9	-0.07	0.92	0.69	0.73	-0.27	-0.08	-0.79
Short Term Investments	-0.37	-0.32	-0.32	0.0	-0.29	0.36	-0.29	0.02	0.7	-0.19	-0.42		0.21	-0.23	-0.39	-0.32	-0.03	0.54	-0.33	-0.22	-0.28	-0.46	-0.48	0.02	-0.13	0.3
Inventory	-0.64	-0.44	-0.43	-0.12	-0.53	0.48	-0.38	0.74	0.67	-0.38	-0.46	0.21		-0.45	-0.55	-0.43	-0.27	-0.07	-0.52	-0.48	-0.32	-0.65	-0.69	-0.09	-0.33	0.41
Other Current Assets	0.86	0.37	0.17	0.63	0.24	-0.4	0.14	-0.4	-0.44	0.99	0.47	-0.23	-0.45		0.6	0.18	0.96	-0.1	0.48	0.05	0.55	0.52	0.51	0.62	0.78	0.08
Other Stockholder Equity	0.83	0.95	0.88	-0.17	0.84	-0.97	0.86	-0.76	-0.81	0.58	0.97	-0.39	-0.55	0.6		0.89	0.4	-0.19	0.91	0.04	0.92	0.77	0.81	-0.16	0.1	-0.74
Total Liab	0.53	0.96	1.0	-0.59	0.94	-0.97	0.98	-0.74	-0.75	0.17	0.93	-0.32	-0.43	0.18	0.89		-0.05	-0.19	0.89	-0.07	0.81	0.63	0.68	-0.53	-0.33	-0.94
Total Current Assets	0.72	0.17	-0.05	0.74	0.01	-0.19	-0.08	-0.2	-0.16	0.97	0.26	-0.03	-0.27	0.96	0.4	-0.05		0.05	0.28	-0.03	0.4	0.34	0.3	0.73	0.83	0.29
Common Stock	-0.17	-0.16	-0.19	0.04	-0.26	0.18	-0.14	0.18	0.49	-0.08	-0.29	0.54	-0.07	-0.1	-0.19	-0.19	0.05		-0.26	0.12	-0.11	-0.16	-0.21	-0.04	-0.05	0.09
Other Assets	0.74	0.9	0.89	-0.28	0.96	-0.91	0.8	-0.75	-0.76	0.48	0.9	-0.33	-0.52	0.48	0.91	0.89	0.28	-0.26		-0.19	0.74	0.73	0.75	-0.14	0.05	-0.73
Non Current Liabilities Total	0.23	-0.08	-0.07	0.31	-0.1	0.04	-0.03	-0.13	-0.24	-0.08	-0.07	-0.22	-0.48	0.05	0.04	-0.07	-0.03	0.12	-0.19		-0.08	0.4	0.44	-0.01	0.25	-0.12
Net Tangible Assets	0.67	0.91	0.81	-0.22	0.66	-0.9	0.84	-0.64	-0.65	0.55	0.92	-0.28	-0.32	0.55	0.92	0.81	0.4	-0.11	0.74	-0.08		0.53	0.57	-0.25	-0.04	-0.64
Common Stock Total Equity	0.87	0.64	0.63	0.07	0.69	-0.72	0.57	-0.57	-0.72	0.47	0.69	-0.46	-0.65	0.52	0.77	0.63	0.34	-0.16	0.73	0.4	0.53		0.99	0.03	0.32	-0.62
Capital Surpluse	0.87	0.69	0.68	0.04	0.74	-0.75	0.62	-0.65	-0.79	0.44	0.73	-0.48	-0.69	0.51	0.81	0.68	0.3	-0.21	0.75	0.44	0.57	0.99		-0.03	0.29	-0.66
Non Currrent Assets Other	0.31	-0.43	-0.53	0.85	-0.37	0.35	-0.58	0.18	0.14	0.64	-0.27	0.02	-0.09	0.62	-0.16	-0.53	0.73	-0.04	-0.14	-0.01	-0.25	0.03	-0.03		0.83	0.69
Net Invested Capital	0.59	-0.15	-0.34	0.94	-0.15	0.15	-0.42	-0.02	-0.1	0.76	-0.08	-0.13	-0.33	0.78	0.1	-0.33	0.83	-0.05	0.05	0.25	-0.04	0.32	0.29	0.83		0.48
Net Working Capital	-0.36	-0.84	-0.94	0.7	-0.85	0.86	-0.94	0.62	0.65	0.1	-0.79	0.3	0.41	0.08	-0.74	-0.94	0.29	0.09	-0.73	-0.12	-0.64	-0.62	-0.66	0.69	0.48

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Metalnrg PLC Account Relationship Matchups

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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Metalnrg Cash And Short Term Investments vs Net Working Capital Analysis

Cash And Short Term Investments vs Net Working Capital

Cash And Short Term Investments vs Net Working Capital Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Working Capital

Metalnrg PLC fundamental ratios Correlations

Metalnrg PLC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Metalnrg PLC fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Other Current Assets	+ 0.99	Net Receivables
Capital Surpluse	+ 0.99	Common Stock Total Equity
Accounts Payable	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Accounts Payable
Total Current Assets	+ 0.97	Net Receivables

Common Stock Shares Outstanding	- 0.98	Retained Earnings
Total Liab	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Total Current Liabilities
Retained Earnings	- 0.97	Other Current Liab
Accounts Payable	- 0.95	Retained Earnings