Magna Non Current Assets Total vs Total Current Liabilities 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 Non Current Assets Total and its Total Current Liabilities 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.

Non Current Assets Total vs Total Current Liabilities

Non Current Assets Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magna Terra Minerals Non Current Assets Total account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Magna Terra's Non Current Assets Total and Total Current Liabilities is 0.47. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Liabilities 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 Non Current Assets Total 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 Non Current Assets Total of Magna Terra Minerals 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 Non Current Assets Total i.e., Magna Terra's Non Current Assets Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Magna Terra balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Magna Terra Minerals 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 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

0.530.990.09-0.590.440.660.940.590.530.0-0.550.530.560.280.30.480.610.310.250.04-0.15-0.150.08-0.130.28
0.530.40.62-0.64-0.370.690.470.460.040.7-0.651.00.370.240.890.970.62-0.110.78-0.240.420.420.660.440.77
0.990.4-0.02-0.530.550.60.940.560.56-0.13-0.480.40.540.260.170.340.560.380.130.09-0.24-0.24-0.04-0.230.17
0.090.62-0.02-0.1-0.80.130.16-0.090.340.86-0.470.62-0.130.380.630.58-0.08-0.570.91-0.370.880.880.980.890.65
-0.59-0.64-0.53-0.1-0.11-0.99-0.38-0.82-0.01-0.050.24-0.64-0.79-0.12-0.65-0.67-0.82-0.08-0.280.040.290.29-0.10.28-0.35
0.44-0.370.55-0.8-0.110.130.410.270.08-0.760.18-0.370.27-0.09-0.51-0.340.270.53-0.730.28-0.81-0.81-0.83-0.81-0.46
0.660.690.60.13-0.990.130.460.820.050.08-0.310.690.790.130.660.710.840.10.3-0.05-0.25-0.250.13-0.240.39
0.940.470.940.16-0.380.410.460.310.530.06-0.510.470.250.320.190.420.420.280.25-0.14-0.02-0.020.13-0.010.27
0.590.460.56-0.09-0.820.270.820.310.1-0.1-0.440.460.940.120.470.430.860.170.120.53-0.39-0.39-0.07-0.370.15
0.530.040.560.34-0.010.080.050.530.10.04-0.270.040.20.28-0.09-0.08-0.180.020.320.090.230.230.290.230.18
0.00.7-0.130.86-0.05-0.760.080.06-0.10.04-0.50.7-0.140.260.630.680.04-0.560.78-0.320.90.90.890.910.8
-0.55-0.65-0.48-0.470.240.18-0.31-0.51-0.44-0.27-0.5-0.65-0.34-0.49-0.6-0.59-0.540.04-0.58-0.3-0.39-0.39-0.52-0.42-0.32
0.531.00.40.62-0.64-0.370.690.470.460.040.7-0.650.370.240.890.970.62-0.110.78-0.240.420.420.660.440.77
0.560.370.54-0.13-0.790.270.790.250.940.2-0.14-0.340.370.040.390.340.750.20.10.47-0.39-0.39-0.09-0.370.15
0.280.240.260.38-0.12-0.090.130.320.120.280.26-0.490.240.040.20.240.23-0.070.310.00.260.260.310.270.01
0.30.890.170.63-0.65-0.510.660.190.47-0.090.63-0.60.890.390.20.910.6-0.210.76-0.170.360.360.660.380.58
0.480.970.340.58-0.67-0.340.710.420.43-0.080.68-0.590.970.340.240.910.65-0.180.69-0.320.370.370.60.380.72
0.610.620.56-0.08-0.820.270.840.420.86-0.180.04-0.540.620.750.230.60.650.20.110.24-0.33-0.33-0.04-0.310.19
0.31-0.110.38-0.57-0.080.530.10.280.170.02-0.560.04-0.110.2-0.07-0.21-0.180.2-0.290.16-0.57-0.57-0.57-0.57-0.27
0.250.780.130.91-0.28-0.730.30.250.120.320.78-0.580.780.10.310.760.690.11-0.29-0.260.750.750.920.760.66
0.04-0.240.09-0.370.040.28-0.05-0.140.530.09-0.32-0.3-0.240.470.0-0.17-0.320.240.16-0.26-0.32-0.32-0.33-0.3-0.32
-0.150.42-0.240.880.29-0.81-0.25-0.02-0.390.230.9-0.390.42-0.390.260.360.37-0.33-0.570.75-0.321.00.91.00.62
-0.150.42-0.240.880.29-0.81-0.25-0.02-0.390.230.9-0.390.42-0.390.260.360.37-0.33-0.570.75-0.321.00.91.00.62
0.080.66-0.040.98-0.1-0.830.130.13-0.070.290.89-0.520.66-0.090.310.660.6-0.04-0.570.92-0.330.90.90.90.66
-0.130.44-0.230.890.28-0.81-0.24-0.01-0.370.230.91-0.420.44-0.370.270.380.38-0.31-0.570.76-0.31.01.00.90.61
0.280.770.170.65-0.35-0.460.390.270.150.180.8-0.320.770.150.010.580.720.19-0.270.66-0.320.620.620.660.61
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Magna Terra Account Relationship Matchups

Magna Terra fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.6M9.9M698.7K180.6K207.7K197.3K
Total Current Liabilities1.8M824.0K658.0K889.8K1.0M515.4K
Total Stockholder Equity8.7M9.0M40.7K(709.2K)(815.6K)(774.8K)
Property Plant And Equipment Net2.7M3.8M6.7M9.3M10.8M11.3M
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)
Cash3.6M95.0K107.9K73.4K84.4K80.2K
Cash And Short Term Investments3.8M219.8K163.4K89.4K102.8K97.6K
Net Receivables63.5K211.4K99.0K37.4K43.0K68.1K
Common Stock Shares Outstanding46.1M46.5M58.9M68.1M78.3M82.2M
Liabilities And Stockholders Equity10.6M9.9M698.7K180.6K207.7K197.3K
Other Stockholder Equity(527.9K)(1.5M)(1.8M)863.8K777.5K1.5M
Total Liab1.8M824.0K658.0K889.8K1.0M515.4K
Total Current Assets3.9M516.3K698.7K180.6K207.7K197.3K
Other Current Liab866.1K149.6K381.4K477.7K549.4K301.1K
Accounts Payable768.7K309.8K276.6K412.1K473.9K331.8K
Net Tangible Assets2.9M8.7M(339.5K)40.7K46.8K44.4K
Common Stock12.8M13.3M13.0M13.2M15.2M9.5M
Short Term Investments186.4K124.9K55.5K16K14.4K13.7K
Property Plant Equipment2.7M3.8M6.7M9.3M10.8M11.3M
Accumulated Other Comprehensive Income1.5M1.8M863.8K745.9K857.8K853.4K
Net Invested Capital8.8M9.4M40.7K(709.2K)(638.3K)(606.4K)
Net Working Capital2.0M(307.6K)40.7K(709.2K)(638.3K)(606.4K)
Capital Stock12.8M13.3M13.0M13.2M15.2M12.0M

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