Myndai, Cash vs Total Current Liabilities Analysis
| MYND Stock | USD 1.54 0.01 0.65% |
Myndai, financial indicator trend analysis is infinitely more than just investigating Myndai, recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myndai, is a good investment. Please check the relationship between Myndai, Cash and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myndai,. 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. For information on how to trade Myndai, Stock refer to our How to Trade Myndai, Stock guide.
Cash vs Total Current Liabilities
Cash vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myndai, Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Myndai,'s Cash and Total Current Liabilities is 0.86. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Myndai,, assuming nothing else is changed. The correlation between historical values of Myndai,'s Cash 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 Cash of Myndai, 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 Cash i.e., Myndai,'s Cash and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Myndai,, which is listed under current asset account on Myndai, balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Myndai, customers. The amounts must be unrestricted with restricted cash listed in a different Myndai, 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.Total Current Liabilities
Total Current Liabilities is an item on Myndai, balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Myndai, 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 Myndai,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myndai, 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 Myndai,. 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. For information on how to trade Myndai, Stock refer to our How to Trade Myndai, Stock guide.At present, Myndai,'s Enterprise Value is projected to increase significantly based on the last few years of reporting.
| 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 440.8M | 310.4M | 325.9M | Research Development | 41.5M | 34.6M | 36.3M |
Myndai, fundamental ratios Correlations
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Myndai, Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Myndai, fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 336.1M | 302.5M | 283.1M | 368.8M | 404.4M | 424.6M | |
| Other Current Liab | 56.6M | 35.8M | 102.9M | 59.2M | 65.5M | 68.8M | |
| Total Current Liabilities | 125.9M | 128.4M | 122.4M | 206.6M | 178.6M | 187.5M | |
| Total Stockholder Equity | 98.5M | 62.1M | 67.7M | 137.0M | 123.7M | 129.9M | |
| Accounts Payable | 14.9M | 18.6M | 1.5M | 85.4M | 59.6M | 62.6M | |
| Cash | 68.7M | 53.5M | 33.3M | 29.3M | 91.8M | 96.4M | |
| Other Current Assets | 6.4M | 8.9M | 41.5M | 18.4M | 17.4M | 18.3M | |
| Total Liab | 219.4M | 224.8M | 203.9M | 231.8M | 278.8M | 292.8M | |
| Common Stock | 7.4K | 29.0K | 29K | 426K | 456K | 478.8K | |
| Good Will | 52.7M | 46.1M | 19.2M | 42.0M | 46.9M | 32.8M | |
| Retained Earnings | (33.6M) | (71.8M) | (65.6M) | (316.0M) | (353.9M) | (336.2M) | |
| Net Receivables | 8.0M | 2.0M | 1.3M | 74.9M | 63.9M | 67.1M | |
| Total Current Assets | 91.6M | 70.1M | 82.3M | 227.9M | 226.2M | 237.5M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Myndai, is a strong investment it is important to analyze Myndai,'s competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myndai,'s future performance. For an informed investment choice regarding Myndai, Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myndai,. 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. For information on how to trade Myndai, Stock refer to our How to Trade Myndai, Stock guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myndai,. If investors know Myndai, will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myndai, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.52) | Revenue Per Share 8.06 | Quarterly Revenue Growth (0.25) | Return On Assets (0.07) | Return On Equity (1.36) |
The market value of Myndai, is measured differently than its book value, which is the value of Myndai, that is recorded on the company's balance sheet. Investors also form their own opinion of Myndai,'s value that differs from its market value or its book value, called intrinsic value, which is Myndai,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myndai,'s market value can be influenced by many factors that don't directly affect Myndai,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myndai,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Myndai, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myndai,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.