Mainz Non Current Liabilities Total vs Net Debt Analysis

MYNZ Stock

USD 0.22 0.04 15.38%

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

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mainz Biomed BV Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Mainz Biomed's Non Current Liabilities Total and Net Debt is 0.29. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Mainz Biomed BV, assuming nothing else is changed. The correlation between historical values of Mainz Biomed's Non Current Liabilities Total and Net Debt 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 Liabilities Total of Mainz Biomed BV are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Mainz Biomed's Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

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Non Current Liabilities Total

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.

Most indicators from Mainz Biomed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainz Biomed BV 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 Mainz Biomed BV. 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.

Issuance Of Capital Stock is likely to rise to about 9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	339.2K	289.3K	809.6K	419.9K
Depreciation And Amortization	209.9K	459.4K	1.0M	1.1M

Interest Expense Depreciation And Amortization

Mainz Biomed fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.65	0.94	0.76	0.94	0.77	0.93	-0.83	-0.85	0.83	0.96	0.65	0.72	0.96	0.8	0.4	0.2	0.89	0.94	0.79	0.99	0.77	0.63	0.98	0.87	0.73
Short Long Term Debt Total	0.65		0.79	0.85	0.36	0.84	0.5	-0.14	-0.85	0.83	0.43	0.86	0.39	0.43	0.82	0.51	0.75	0.86	0.69	0.98	0.57	0.84	0.86	0.48	0.93	0.0
Other Current Liab	0.94	0.79		0.82	0.8	0.85	0.78	-0.66	-0.89	0.84	0.85	0.74	0.51	0.85	0.88	0.48	0.37	0.98	0.83	0.89	0.91	0.85	0.72	0.87	0.9	0.54
Total Current Liabilities	0.76	0.85	0.82		0.56	0.99	0.6	-0.29	-0.99	0.99	0.61	0.99	0.5	0.61	0.98	0.48	0.63	0.85	0.75	0.88	0.7	1.0	0.98	0.65	0.9	0.14
Total Stockholder Equity	0.94	0.36	0.8	0.56		0.57	0.93	-0.96	-0.67	0.65	1.0	0.42	0.72	1.0	0.62	0.25	-0.07	0.71	0.86	0.54	0.97	0.58	0.4	0.99	0.65	0.9
Property Plant And Equipment Net	0.77	0.84	0.85	0.99	0.57		0.58	-0.32	-0.99	0.98	0.63	0.98	0.44	0.63	0.99	0.53	0.57	0.88	0.73	0.88	0.72	1.0	0.97	0.66	0.89	0.17
Current Deferred Revenue	0.93	0.5	0.78	0.6	0.93	0.58		-0.86	-0.7	0.71	0.94	0.49	0.9	0.94	0.6	0.15	0.15	0.69	0.97	0.64	0.94	0.6	0.47	0.95	0.76	0.81
Net Debt	-0.83	-0.14	-0.66	-0.29	-0.96	-0.32	-0.86		0.43	-0.41	-0.94	-0.15	-0.64	-0.94	-0.38	-0.13	0.29	-0.54	-0.73	-0.33	-0.88	-0.32	-0.12	-0.92	-0.45	-0.99
Retained Earnings	-0.85	-0.85	-0.89	-0.99	-0.67	-0.99	-0.7	0.43		-0.99	-0.72	-0.95	-0.57	-0.72	-0.98	-0.49	-0.56	-0.91	-0.83	-0.91	-0.8	-0.99	-0.94	-0.75	-0.94	-0.28
Accounts Payable	0.83	0.83	0.84	0.99	0.65	0.98	0.71	-0.41	-0.99		0.7	0.96	0.62	0.7	0.96	0.44	0.58	0.86	0.84	0.88	0.78	0.98	0.95	0.74	0.92	0.27
Cash	0.96	0.43	0.85	0.61	1.0	0.63	0.94	-0.94	-0.72	0.7		0.49	0.73	1.0	0.67	0.27	0.0	0.76	0.88	0.6	0.98	0.63	0.46	1.0	0.71	0.87
Non Current Assets Total	0.65	0.86	0.74	0.99	0.42	0.98	0.49	-0.15	-0.95	0.96	0.49		0.42	0.49	0.95	0.49	0.69	0.8	0.66	0.86	0.59	0.98	1.0	0.53	0.86	-0.01
Long Term Debt	0.72	0.39	0.51	0.5	0.72	0.44	0.9	-0.64	-0.57	0.62	0.73	0.42		0.73	0.41	-0.14	0.29	0.42	0.89	0.49	0.71	0.47	0.42	0.74	0.62	0.61
Cash And Short Term Investments	0.96	0.43	0.85	0.61	1.0	0.63	0.94	-0.94	-0.72	0.7	1.0	0.49	0.73		0.67	0.27	0.0	0.76	0.88	0.6	0.98	0.63	0.46	1.0	0.71	0.87
Net Receivables	0.8	0.82	0.88	0.98	0.62	0.99	0.6	-0.38	-0.98	0.96	0.67	0.95	0.41	0.67		0.56	0.5	0.91	0.72	0.87	0.76	0.99	0.94	0.7	0.88	0.23
Common Stock Shares Outstanding	0.4	0.51	0.48	0.48	0.25	0.53	0.15	-0.13	-0.49	0.44	0.27	0.49	-0.14	0.27	0.56		-0.07	0.62	0.25	0.54	0.38	0.51	0.47	0.29	0.51	0.02
Non Current Liabilities Total	0.2	0.75	0.37	0.63	-0.07	0.57	0.15	0.29	-0.56	0.58	0.0	0.69	0.29	0.0	0.5	-0.07		0.4	0.36	0.64	0.11	0.59	0.71	0.05	0.58	-0.38
Capital Lease Obligations	0.89	0.86	0.98	0.85	0.71	0.88	0.69	-0.54	-0.91	0.86	0.76	0.8	0.42	0.76	0.91	0.62	0.4		0.79	0.94	0.85	0.88	0.78	0.79	0.93	0.41
Other Current Assets	0.94	0.69	0.83	0.75	0.86	0.73	0.97	-0.73	-0.83	0.84	0.88	0.66	0.89	0.88	0.72	0.25	0.36	0.79		0.79	0.92	0.74	0.65	0.91	0.89	0.64
Total Liab	0.79	0.98	0.89	0.88	0.54	0.88	0.64	-0.33	-0.91	0.88	0.6	0.86	0.49	0.6	0.87	0.54	0.64	0.94	0.79		0.73	0.88	0.85	0.65	0.98	0.2
Net Invested Capital	0.99	0.57	0.91	0.7	0.97	0.72	0.94	-0.88	-0.8	0.78	0.98	0.59	0.71	0.98	0.76	0.38	0.11	0.85	0.92	0.73		0.72	0.56	0.99	0.81	0.79
Property Plant And Equipment Gross	0.77	0.84	0.85	1.0	0.58	1.0	0.6	-0.32	-0.99	0.98	0.63	0.98	0.47	0.63	0.99	0.51	0.59	0.88	0.74	0.88	0.72		0.97	0.67	0.9	0.17
Short Long Term Debt	0.63	0.86	0.72	0.98	0.4	0.97	0.47	-0.12	-0.94	0.95	0.46	1.0	0.42	0.46	0.94	0.47	0.71	0.78	0.65	0.85	0.56	0.97		0.5	0.85	-0.04
Total Current Assets	0.98	0.48	0.87	0.65	0.99	0.66	0.95	-0.92	-0.75	0.74	1.0	0.53	0.74	1.0	0.7	0.29	0.05	0.79	0.91	0.65	0.99	0.67	0.5		0.75	0.85
Capital Stock	0.87	0.93	0.9	0.9	0.65	0.89	0.76	-0.45	-0.94	0.92	0.71	0.86	0.62	0.71	0.88	0.51	0.58	0.93	0.89	0.98	0.81	0.9	0.85	0.75		0.32
Net Working Capital	0.73	0.0	0.54	0.14	0.9	0.17	0.81	-0.99	-0.28	0.27	0.87	-0.01	0.61	0.87	0.23	0.02	-0.38	0.41	0.64	0.2	0.79	0.17	-0.04	0.85	0.32

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Mainz Non Current Liabilities Total vs Net Debt Analysis

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Net Debt

Mainz Biomed fundamental ratios Correlations

Mainz Biomed Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Property Plant And Equipment Gross	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Property Plant And Equipment Gross	- 0.99	Retained Earnings
Accounts Payable	- 0.99	Retained Earnings
Net Working Capital	- 0.99	Net Debt
Retained Earnings	- 0.99	Property Plant And Equipment Net
Retained Earnings	- 0.99	Total Current Liabilities
Net Receivables	- 0.98	Retained Earnings