Magna Cash And Short Term Investments vs Accounts Payable Analysis

MTT Stock

CAD 0.02 0.01 33.33%

Magna Terra financial indicator trend analysis is infinitely more than just investigating Magna Terra Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magna Terra Minerals is a good investment. Please check the relationship between Magna Terra Cash And Short Term Investments and its Accounts Payable accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna Terra Minerals. 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 Accounts Payable

Cash And Short Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magna Terra Minerals Cash And Short Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Magna Terra's Cash And Short Term Investments and Accounts Payable is 0.43. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Magna Terra Minerals, assuming nothing else is changed. The correlation between historical values of Magna Terra's Cash And Short Term Investments and Accounts Payable 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 Magna Terra Minerals are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash And Short Term Investments i.e., Magna Terra's Cash And Short Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Cash And Short Term Investments

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

Accounts Payable

An accounting item on the balance sheet that represents Magna Terra obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Magna Terra Minerals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Magna Terra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magna Terra Minerals 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 Magna Terra Minerals. 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, Magna Terra's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Magna Terra fundamental ratios Correlations

	Total Assets	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	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Other Current Liab	Accounts Payable	Net Tangible Assets	Intangible Assets	Common Stock	Short Term Investments	Short Long Term Debt	Short Term Debt	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue
Total Assets		0.53	0.99	0.09	-0.59	0.44	0.66	0.94	0.59	0.53	0.0	-0.55	0.53	0.56	0.28	0.3	0.48	0.61	0.31	0.25	0.04	-0.15	-0.15	0.08	-0.13	0.28
Total Current Liabilities	0.53		0.4	0.62	-0.64	-0.37	0.69	0.47	0.46	0.04	0.7	-0.65	1.0	0.37	0.24	0.89	0.97	0.62	-0.11	0.78	-0.24	0.42	0.42	0.66	0.44	0.77
Total Stockholder Equity	0.99	0.4		-0.02	-0.53	0.55	0.6	0.94	0.56	0.56	-0.13	-0.48	0.4	0.54	0.26	0.17	0.34	0.56	0.38	0.13	0.09	-0.24	-0.24	-0.04	-0.23	0.17
Property Plant And Equipment Net	0.09	0.62	-0.02		-0.1	-0.8	0.13	0.16	-0.09	0.34	0.86	-0.47	0.62	-0.13	0.38	0.63	0.58	-0.08	-0.57	0.91	-0.37	0.88	0.88	0.98	0.89	0.65
Net Debt	-0.59	-0.64	-0.53	-0.1		-0.11	-0.99	-0.38	-0.82	-0.01	-0.05	0.24	-0.64	-0.79	-0.12	-0.65	-0.67	-0.82	-0.08	-0.28	0.04	0.29	0.29	-0.1	0.28	-0.35
Retained Earnings	0.44	-0.37	0.55	-0.8	-0.11		0.13	0.41	0.27	0.08	-0.76	0.18	-0.37	0.27	-0.09	-0.51	-0.34	0.27	0.53	-0.73	0.28	-0.81	-0.81	-0.83	-0.81	-0.46
Cash	0.66	0.69	0.6	0.13	-0.99	0.13		0.46	0.82	0.05	0.08	-0.31	0.69	0.79	0.13	0.66	0.71	0.84	0.1	0.3	-0.05	-0.25	-0.25	0.13	-0.24	0.39
Non Current Assets Total	0.94	0.47	0.94	0.16	-0.38	0.41	0.46		0.31	0.53	0.06	-0.51	0.47	0.25	0.32	0.19	0.42	0.42	0.28	0.25	-0.14	-0.02	-0.02	0.13	-0.01	0.27
Cash And Short Term Investments	0.59	0.46	0.56	-0.09	-0.82	0.27	0.82	0.31		0.1	-0.1	-0.44	0.46	0.94	0.12	0.47	0.43	0.86	0.17	0.12	0.53	-0.39	-0.39	-0.07	-0.37	0.15
Net Receivables	0.53	0.04	0.56	0.34	-0.01	0.08	0.05	0.53	0.1		0.04	-0.27	0.04	0.2	0.28	-0.09	-0.08	-0.18	0.02	0.32	0.09	0.23	0.23	0.29	0.23	0.18
Common Stock Shares Outstanding	0.0	0.7	-0.13	0.86	-0.05	-0.76	0.08	0.06	-0.1	0.04		-0.5	0.7	-0.14	0.26	0.63	0.68	0.04	-0.56	0.78	-0.32	0.9	0.9	0.89	0.91	0.8
Other Stockholder Equity	-0.55	-0.65	-0.48	-0.47	0.24	0.18	-0.31	-0.51	-0.44	-0.27	-0.5		-0.65	-0.34	-0.49	-0.6	-0.59	-0.54	0.04	-0.58	-0.3	-0.39	-0.39	-0.52	-0.42	-0.32
Total Liab	0.53	1.0	0.4	0.62	-0.64	-0.37	0.69	0.47	0.46	0.04	0.7	-0.65		0.37	0.24	0.89	0.97	0.62	-0.11	0.78	-0.24	0.42	0.42	0.66	0.44	0.77
Total Current Assets	0.56	0.37	0.54	-0.13	-0.79	0.27	0.79	0.25	0.94	0.2	-0.14	-0.34	0.37		0.04	0.39	0.34	0.75	0.2	0.1	0.47	-0.39	-0.39	-0.09	-0.37	0.15
Non Currrent Assets Other	0.28	0.24	0.26	0.38	-0.12	-0.09	0.13	0.32	0.12	0.28	0.26	-0.49	0.24	0.04		0.2	0.24	0.23	-0.07	0.31	0.0	0.26	0.26	0.31	0.27	0.01
Other Current Liab	0.3	0.89	0.17	0.63	-0.65	-0.51	0.66	0.19	0.47	-0.09	0.63	-0.6	0.89	0.39	0.2		0.91	0.6	-0.21	0.76	-0.17	0.36	0.36	0.66	0.38	0.58
Accounts Payable	0.48	0.97	0.34	0.58	-0.67	-0.34	0.71	0.42	0.43	-0.08	0.68	-0.59	0.97	0.34	0.24	0.91		0.65	-0.18	0.69	-0.32	0.37	0.37	0.6	0.38	0.72
Net Tangible Assets	0.61	0.62	0.56	-0.08	-0.82	0.27	0.84	0.42	0.86	-0.18	0.04	-0.54	0.62	0.75	0.23	0.6	0.65		0.2	0.11	0.24	-0.33	-0.33	-0.04	-0.31	0.19
Intangible Assets	0.31	-0.11	0.38	-0.57	-0.08	0.53	0.1	0.28	0.17	0.02	-0.56	0.04	-0.11	0.2	-0.07	-0.21	-0.18	0.2		-0.29	0.16	-0.57	-0.57	-0.57	-0.57	-0.27
Common Stock	0.25	0.78	0.13	0.91	-0.28	-0.73	0.3	0.25	0.12	0.32	0.78	-0.58	0.78	0.1	0.31	0.76	0.69	0.11	-0.29		-0.26	0.75	0.75	0.92	0.76	0.66
Short Term Investments	0.04	-0.24	0.09	-0.37	0.04	0.28	-0.05	-0.14	0.53	0.09	-0.32	-0.3	-0.24	0.47	0.0	-0.17	-0.32	0.24	0.16	-0.26		-0.32	-0.32	-0.33	-0.3	-0.32
Short Long Term Debt	-0.15	0.42	-0.24	0.88	0.29	-0.81	-0.25	-0.02	-0.39	0.23	0.9	-0.39	0.42	-0.39	0.26	0.36	0.37	-0.33	-0.57	0.75	-0.32		1.0	0.9	1.0	0.62
Short Term Debt	-0.15	0.42	-0.24	0.88	0.29	-0.81	-0.25	-0.02	-0.39	0.23	0.9	-0.39	0.42	-0.39	0.26	0.36	0.37	-0.33	-0.57	0.75	-0.32	1.0		0.9	1.0	0.62
Property Plant Equipment	0.08	0.66	-0.04	0.98	-0.1	-0.83	0.13	0.13	-0.07	0.29	0.89	-0.52	0.66	-0.09	0.31	0.66	0.6	-0.04	-0.57	0.92	-0.33	0.9	0.9		0.9	0.66
Short Long Term Debt Total	-0.13	0.44	-0.23	0.89	0.28	-0.81	-0.24	-0.01	-0.37	0.23	0.91	-0.42	0.44	-0.37	0.27	0.38	0.38	-0.31	-0.57	0.76	-0.3	1.0	1.0	0.9		0.61
Current Deferred Revenue	0.28	0.77	0.17	0.65	-0.35	-0.46	0.39	0.27	0.15	0.18	0.8	-0.32	0.77	0.15	0.01	0.58	0.72	0.19	-0.27	0.66	-0.32	0.62	0.62	0.66	0.61

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Magna Terra Account Relationship Matchups

Magna Terra fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.6M	9.9M	698.7K	180.6K	207.7K	197.3K
Total Current Liabilities	1.8M	824.0K	658.0K	889.8K	1.0M	515.4K
Total Stockholder Equity	8.7M	9.0M	40.7K	(709.2K)	(815.6K)	(774.8K)
Property Plant And Equipment Net	2.7M	3.8M	6.7M	9.3M	10.8M	11.3M
Net Debt	(3.6M)	224.1K	(107.9K)	(73.4K)	(66.0K)	(69.3K)
Retained Earnings	(4.1M)	(4.3M)	(13.9M)	(14.6M)	(13.2M)	(12.5M)
Cash	3.6M	95.0K	107.9K	73.4K	84.4K	80.2K
Cash And Short Term Investments	3.8M	219.8K	163.4K	89.4K	102.8K	97.6K
Net Receivables	63.5K	211.4K	99.0K	37.4K	43.0K	68.1K
Common Stock Shares Outstanding	46.1M	46.5M	58.9M	68.1M	78.3M	82.2M
Liabilities And Stockholders Equity	10.6M	9.9M	698.7K	180.6K	207.7K	197.3K
Other Stockholder Equity	(527.9K)	(1.5M)	(1.8M)	863.8K	777.5K	1.5M
Total Liab	1.8M	824.0K	658.0K	889.8K	1.0M	515.4K
Total Current Assets	3.9M	516.3K	698.7K	180.6K	207.7K	197.3K
Other Current Liab	866.1K	149.6K	381.4K	477.7K	549.4K	301.1K
Accounts Payable	768.7K	309.8K	276.6K	412.1K	473.9K	331.8K
Net Tangible Assets	2.9M	8.7M	(339.5K)	40.7K	46.8K	44.4K
Common Stock	12.8M	13.3M	13.0M	13.2M	15.2M	9.5M
Short Term Investments	186.4K	124.9K	55.5K	16K	14.4K	13.7K
Property Plant Equipment	2.7M	3.8M	6.7M	9.3M	10.8M	11.3M
Accumulated Other Comprehensive Income	1.5M	1.8M	863.8K	745.9K	857.8K	853.4K
Net Invested Capital	8.8M	9.4M	40.7K	(709.2K)	(638.3K)	(606.4K)
Net Working Capital	2.0M	(307.6K)	40.7K	(709.2K)	(638.3K)	(606.4K)
Capital Stock	12.8M	13.3M	13.0M	13.2M	15.2M	12.0M

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