Mirasol Net Debt vs Other Current Liab Analysis

MRZ Stock

CAD 0.42 0.01 2.33%

Mirasol Resources financial indicator trend analysis is infinitely more than just investigating Mirasol Resources recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mirasol Resources is a good investment. Please check the relationship between Mirasol Resources Net Debt and its Other Current Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirasol Resources. 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.

Net Debt vs Other Current Liab

Net Debt vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mirasol Resources Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Mirasol Resources' Net Debt and Other Current Liab is -0.57. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Mirasol Resources, assuming nothing else is changed. The correlation between historical values of Mirasol Resources' Net Debt and Other Current Liab 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 Mirasol Resources are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Mirasol Resources' Net Debt and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

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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.

Other Current Liab

Most indicators from Mirasol Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mirasol Resources 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 Mirasol Resources. 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, Mirasol Resources' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.8 M in 2025, whereas Enterprise Value Over EBITDA is likely to drop (2.38) in 2025.

	2022	2023	2024	2025 (projected)
Interest Income	628.9K	415.5K	477.8K	427.4K
Net Interest Income	603.1K	399.1K	459.0K	407.9K

Interest Income Net Interest Income

Mirasol Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Non Current Liabilities Total	Other Stockholder Equity	Net Receivables	Non Currrent Assets Other	Short Term Investments	Net Tangible Assets	Intangible Assets	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		0.5	0.68	1.0	0.76	-0.69	0.56	0.77	0.76	0.96	-0.03	0.38	0.67	1.0	-0.14	0.36	0.63	-0.1	0.83	0.32	0.78	0.6	0.29	0.61	0.65	0.65
Other Current Liab	0.5		0.96	0.43	0.13	-0.57	0.2	0.53	0.13	0.58	0.08	-0.21	0.97	0.51	0.0	0.58	0.38	0.09	0.5	0.14	0.3	0.15	0.32	-0.01	0.0	0.0
Total Current Liabilities	0.68	0.96		0.62	0.3	-0.68	0.34	0.66	0.3	0.74	0.01	-0.08	1.0	0.69	-0.08	0.59	0.52	0.0	0.63	0.15	0.43	0.29	0.35	0.18	0.19	0.18
Total Stockholder Equity	1.0	0.43	0.62		0.78	-0.67	0.56	0.75	0.78	0.95	-0.03	0.42	0.61	0.99	-0.14	0.32	0.62	-0.11	0.82	0.32	0.79	0.61	0.27	0.63	0.68	0.68
Property Plant And Equipment Net	0.76	0.13	0.3	0.78		-0.45	0.19	0.5	1.0	0.71	0.26	0.31	0.29	0.73	0.17	0.44	0.58	0.37	0.49	0.62	0.61	0.39	-0.04	0.58	0.54	0.54
Net Debt	-0.69	-0.57	-0.68	-0.67	-0.45		-0.39	-0.96	-0.45	-0.71	-0.07	-0.5	-0.67	-0.69	0.14	-0.54	-0.56	0.03	-0.61	-0.29	-0.12	-0.26	-0.4	-0.19	-0.21	-0.21
Retained Earnings	0.56	0.2	0.34	0.56	0.19	-0.39		0.52	0.19	0.46	-0.76	0.39	0.33	0.58	-0.87	0.0	0.6	-0.42	0.49	-0.48	0.39	0.91	0.75	0.78	0.83	0.83
Cash	0.77	0.53	0.66	0.75	0.5	-0.96	0.52		0.5	0.72	-0.05	0.51	0.66	0.77	-0.24	0.5	0.63	-0.07	0.6	0.26	0.21	0.39	0.43	0.32	0.39	0.39
Non Current Assets Total	0.76	0.13	0.3	0.78	1.0	-0.45	0.19	0.5		0.71	0.27	0.31	0.29	0.73	0.17	0.44	0.58	0.37	0.49	0.62	0.61	0.38	-0.04	0.58	0.54	0.53
Cash And Short Term Investments	0.96	0.58	0.74	0.95	0.71	-0.71	0.46	0.72	0.71		0.04	0.32	0.73	0.96	-0.06	0.37	0.55	-0.1	0.88	0.29	0.77	0.49	0.27	0.51	0.49	0.49
Common Stock Shares Outstanding	-0.03	0.08	0.01	-0.03	0.26	-0.07	-0.76	-0.05	0.27	0.04		-0.09	0.02	-0.05	0.95	0.3	-0.25	0.47	-0.04	0.87	-0.04	-0.63	-0.64	-0.58	-0.56	-0.56
Other Current Assets	0.38	-0.21	-0.08	0.42	0.31	-0.5	0.39	0.51	0.31	0.32	-0.09		-0.09	0.38	-0.25	0.0	0.26	-0.12	0.45	0.09	0.04	0.36	0.47	0.27	0.31	0.31
Total Liab	0.67	0.97	1.0	0.61	0.29	-0.67	0.33	0.66	0.29	0.73	0.02	-0.09		0.68	-0.07	0.59	0.51	0.0	0.61	0.16	0.42	0.27	0.33	0.16	0.17	0.17
Total Current Assets	1.0	0.51	0.69	0.99	0.73	-0.69	0.58	0.77	0.73	0.96	-0.05	0.38	0.68		-0.16	0.35	0.63	-0.13	0.83	0.29	0.78	0.6	0.3	0.6	0.65	0.65
Common Stock	-0.14	0.0	-0.08	-0.14	0.17	0.14	-0.87	-0.24	0.17	-0.06	0.95	-0.25	-0.07	-0.16		0.18	-0.39	0.45	-0.16	0.78	-0.02	-0.72	-0.76	-0.62	-0.61	-0.61
Accounts Payable	0.36	0.58	0.59	0.32	0.44	-0.54	0.0	0.5	0.44	0.37	0.3	0.0	0.59	0.35	0.18		0.72	0.63	0.24	0.49	0.03	0.11	0.19	0.01	0.08	0.08
Non Current Liabilities Total	0.63	0.38	0.52	0.62	0.58	-0.56	0.6	0.63	0.58	0.55	-0.25	0.26	0.51	0.63	-0.39	0.72		0.3	0.49	0.14	0.33	0.68	0.53	0.58	0.67	0.67
Other Stockholder Equity	-0.1	0.09	0.0	-0.11	0.37	0.03	-0.42	-0.07	0.37	-0.1	0.47	-0.12	0.0	-0.13	0.45	0.63	0.3		-0.1	0.59	-0.15	-0.14	-0.07	-0.17	-0.17	-0.17
Net Receivables	0.83	0.5	0.63	0.82	0.49	-0.61	0.49	0.6	0.49	0.88	-0.04	0.45	0.61	0.83	-0.16	0.24	0.49	-0.1		0.15	0.69	0.53	0.48	0.38	0.41	0.41
Non Currrent Assets Other	0.32	0.14	0.15	0.32	0.62	-0.29	-0.48	0.26	0.62	0.29	0.87	0.09	0.16	0.29	0.78	0.49	0.14	0.59	0.15		0.17	-0.31	-0.48	-0.24	-0.17	-0.17
Short Term Investments	0.78	0.3	0.43	0.79	0.61	-0.12	0.39	0.21	0.61	0.77	-0.04	0.04	0.42	0.78	-0.02	0.03	0.33	-0.15	0.69	0.17		0.56	0.05	0.61	0.62	0.62
Net Tangible Assets	0.6	0.15	0.29	0.61	0.39	-0.26	0.91	0.39	0.38	0.49	-0.63	0.36	0.27	0.6	-0.72	0.11	0.68	-0.14	0.53	-0.31	0.56		0.72	0.87	0.92	0.92
Intangible Assets	0.29	0.32	0.35	0.27	-0.04	-0.4	0.75	0.43	-0.04	0.27	-0.64	0.47	0.33	0.3	-0.76	0.19	0.53	-0.07	0.48	-0.48	0.05	0.72		0.42	0.44	0.44
Property Plant Equipment	0.61	-0.01	0.18	0.63	0.58	-0.19	0.78	0.32	0.58	0.51	-0.58	0.27	0.16	0.6	-0.62	0.01	0.58	-0.17	0.38	-0.24	0.61	0.87	0.42		0.93	0.93
Net Invested Capital	0.65	0.0	0.19	0.68	0.54	-0.21	0.83	0.39	0.54	0.49	-0.56	0.31	0.17	0.65	-0.61	0.08	0.67	-0.17	0.41	-0.17	0.62	0.92	0.44	0.93		1.0
Net Working Capital	0.65	0.0	0.18	0.68	0.54	-0.21	0.83	0.39	0.53	0.49	-0.56	0.31	0.17	0.65	-0.61	0.08	0.67	-0.17	0.41	-0.17	0.62	0.92	0.44	0.93	1.0

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Mirasol Resources Account Relationship Matchups

Mirasol Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.5M	8.5M	10.2M	4.3M	5.0M	4.7M
Other Current Liab	524.2K	899.2K	475.2K	744.5K	856.2K	692.3K
Total Current Liabilities	980.2K	557.4K	832.2K	622.6K	716.0K	901.9K
Total Stockholder Equity	12.3M	7.8M	9.3M	3.7M	4.2M	4.0M
Property Plant And Equipment Net	2.1M	1.6M	1.6M	1.7M	1.9M	1.9M
Net Debt	(8.6M)	(9.8M)	(5.5M)	(8.0M)	(7.2M)	(7.5M)
Retained Earnings	(63.0M)	(68.0M)	(77.8M)	(86.8M)	(78.1M)	(74.2M)
Cash	10.0M	5.7M	8.1M	2.4M	2.7M	2.6M
Non Current Assets Total	2.1M	1.7M	1.7M	1.7M	1.9M	1.9M
Cash And Short Term Investments	16.2M	11.2M	6.4M	8.3M	9.5M	15.1M
Common Stock Shares Outstanding	54.1M	54.0M	57.3M	69.7M	80.2M	44.1M
Liabilities And Stockholders Equity	19.2M	13.5M	8.5M	10.2M	11.7M	17.5M
Other Current Assets	122.8K	153.7K	103.6K	54.8K	49.4K	46.9K
Total Liab	1.1M	672.4K	885.4K	622.6K	716.0K	930.0K
Total Current Assets	11.4M	6.8M	8.5M	2.7M	3.1M	2.9M
Common Stock	57.8M	57.5M	57.5M	67.6M	77.7M	51.0M
Accounts Payable	524.2K	858.2K	428.4K	690.6K	794.2K	591.9K
Other Stockholder Equity	17.3M	17.7M	17.8M	18.3M	21.1M	18.3M
Accumulated Other Comprehensive Income	17.7M	17.8M	18.3M	19.5M	22.5M	16.7M
Net Receivables	103.4K	58.1K	263.4K	203.7K	234.3K	318.9K
Short Term Investments	1.2M	726.5K	155.7K	83.0K	74.7K	71.0K
Net Tangible Assets	23.9M	18.4M	12.3M	7.8M	7.0M	6.7M
Property Plant Equipment	3.2M	2.8M	2.1M	1.6M	1.5M	2.2M
Net Invested Capital	12.3M	7.8M	9.3M	3.7M	3.3M	3.2M
Net Working Capital	10.4M	6.2M	7.7M	2.0M	1.8M	1.7M
Capital Stock	57.5M	57.5M	67.6M	69.6M	80.1M	67.4M
Capital Lease Obligations	244.7K	197.2K	140.8K	74K	66.6K	63.3K
Property Plant And Equipment Gross	2.8M	2.5M	2.5M	2.6M	2.4M	2.2M

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