Santana Good Will vs Total Current Liabilities Analysis

SMI Stock   0.45  0.01  2.17%   
Santana Minerals financial indicator trend analysis is much more than just breaking down Santana Minerals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Santana Minerals is a good investment. Please check the relationship between Santana Minerals Good Will and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Santana 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.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Santana Minerals Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Santana Minerals' Good Will and Total Current Liabilities is -0.66. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Santana Minerals, assuming nothing else is changed. The correlation between historical values of Santana Minerals' Good Will 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 Good Will of Santana 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 Good Will i.e., Santana Minerals' Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Total Current Liabilities

Total Current Liabilities is an item on Santana Minerals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Santana 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 Santana Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Santana 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Santana 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.
Issuance Of Capital Stock is likely to gain to about 32.8 M in 2024, despite the fact that Discontinued Operations is likely to grow to (3.4 M).

Santana Minerals fundamental ratios Correlations

1.01.01.01.01.00.971.00.481.0-0.91.0-0.621.00.71.01.00.97-0.911.01.00.040.821.00.16-0.03
1.01.00.991.01.00.981.00.421.0-0.931.0-0.671.00.71.01.00.97-0.931.01.00.10.791.00.10.04
1.01.00.991.01.00.981.00.431.0-0.921.0-0.661.00.71.01.00.97-0.931.01.00.090.791.00.110.03
1.00.990.990.991.00.960.990.520.99-0.880.99-0.580.990.70.990.990.96-0.891.00.990.00.851.00.21-0.08
1.01.01.00.991.00.991.00.421.0-0.931.0-0.671.00.71.01.00.98-0.931.01.00.10.791.00.110.04
1.01.01.01.01.00.971.00.471.0-0.91.0-0.621.00.691.01.00.96-0.911.01.00.040.821.00.16-0.03
0.970.980.980.960.990.970.980.290.99-0.960.98-0.760.980.720.980.980.98-0.970.970.980.220.670.98-0.010.17
1.01.01.00.991.01.00.980.431.0-0.921.0-0.661.00.71.01.00.97-0.931.01.00.090.791.00.110.03
0.480.420.430.520.420.470.290.430.42-0.050.420.380.420.260.420.420.32-0.070.480.42-0.810.840.450.9-0.89
1.01.01.00.991.01.00.991.00.42-0.931.0-0.671.00.71.01.00.98-0.931.01.00.10.791.00.110.04
-0.9-0.93-0.92-0.88-0.93-0.9-0.96-0.92-0.05-0.93-0.920.89-0.93-0.69-0.92-0.92-0.941.0-0.9-0.93-0.46-0.53-0.910.25-0.4
1.01.01.00.991.01.00.981.00.421.0-0.92-0.661.00.71.01.00.97-0.931.01.00.10.791.00.110.03
-0.62-0.67-0.66-0.58-0.67-0.62-0.76-0.660.38-0.670.89-0.66-0.67-0.55-0.67-0.66-0.730.89-0.61-0.67-0.73-0.11-0.640.6-0.76
1.01.01.00.991.01.00.981.00.421.0-0.931.0-0.670.71.01.00.97-0.931.01.00.10.791.00.10.04
0.70.70.70.70.70.690.720.70.260.7-0.690.7-0.550.70.70.70.77-0.690.70.70.170.530.70.20.06
1.01.01.00.991.01.00.981.00.421.0-0.921.0-0.671.00.71.00.97-0.931.01.00.10.791.00.110.03
1.01.01.00.991.01.00.981.00.421.0-0.921.0-0.661.00.71.00.97-0.931.01.00.10.791.00.110.03
0.970.970.970.960.980.960.980.970.320.98-0.940.97-0.730.970.770.970.97-0.950.970.970.190.720.970.060.13
-0.91-0.93-0.93-0.89-0.93-0.91-0.97-0.93-0.07-0.931.0-0.930.89-0.93-0.69-0.93-0.93-0.95-0.91-0.93-0.43-0.54-0.920.23-0.39
1.01.01.01.01.01.00.971.00.481.0-0.91.0-0.611.00.71.01.00.97-0.911.00.030.821.00.17-0.03
1.01.01.00.991.01.00.981.00.421.0-0.931.0-0.671.00.71.01.00.97-0.931.00.10.791.00.10.04
0.040.10.090.00.10.040.220.09-0.810.1-0.460.1-0.730.10.170.10.10.19-0.430.030.1-0.390.07-0.850.92
0.820.790.790.850.790.820.670.790.840.79-0.530.79-0.110.790.530.790.790.72-0.540.820.79-0.390.80.61-0.54
1.01.01.01.01.01.00.981.00.451.0-0.911.0-0.641.00.71.01.00.97-0.921.01.00.070.80.140.0
0.160.10.110.210.110.16-0.010.110.90.110.250.110.60.10.20.110.110.060.230.170.1-0.850.610.14-0.94
-0.030.040.03-0.080.04-0.030.170.03-0.890.04-0.40.03-0.760.040.060.030.030.13-0.39-0.030.040.92-0.540.0-0.94
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Santana Minerals Account Relationship Matchups

Santana Minerals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.8M17.1M19.9K40.0K69.8M66.3M
Other Current Liab36.1K29.5K390.9K43.9K39.5K37.5K
Total Current Liabilities280.4K391.3K642.62987.041.9M1.8M
Total Stockholder Equity8.5M16.8M19.3K39.0K67.8M64.5M
Net Tangible Assets8.5M16.8M19.3M39.0M35.1M33.3M
Retained Earnings(26.0M)(31.8M)(32.8K)(39.7K)(41.6M)(39.5M)
Accounts Payable251.0K391.3K642.6K987.0K1.8M1.7M
Cash831.0K3.9M2.5K17.2K33.1M34.7M
Net Receivables25.7K63.0K249.7K593.5K754.3K716.6K
Inventory(17.5K)1.0(249.7K)(593.5K)(678.7K)(644.8K)
Other Current Assets35.7K42.8K57.2K73.0K75.7K71.9K
Other Stockholder Equity(9.1K)(17.0K)(367.1)(1.0)(0.9)(0.85)
Total Liab280.4K391.3K642.62987.041.9M1.8M
Total Current Assets892.3K4.0M2.8K17.9K33.9M32.2M
Common Stock35.1M48.8M52.5K78.0K109.2M79.9M
Property Plant Equipment6.6M12.9M17.0M22.0M19.8M18.8M
Property Plant And Equipment Net15.7K67.1K17.0K22.0K35.8M37.5M
Net Debt(831.0K)(3.9M)(2.5K)(17.2K)(33.0M)(31.4M)
Non Current Assets Total7.9M13.1M17.2K22.1K35.9M37.7M
Non Currrent Assets Other6.6M12.8M(0.15)0.5543.9K41.7K
Cash And Short Term Investments831.0K3.9M2.5K17.2K33.1M34.7M
Common Stock Shares Outstanding367.4M88.3M126.4M150.2M182.0M191.1M
Liabilities And Stockholders Equity8.8M17.1M19.9M40.0M69.8M73.3M
Property Plant And Equipment Gross6.6M13.0M17.1M22.2M36.0M37.8M
Accumulated Other Comprehensive Income(550.0K)(220.0K)(367.2K)687.7K258.9K271.9K
Non Current Liabilities Total74.0K251.0K391.3K642.6K20.6K19.6K
Cash And Equivalents831.0K3.9M2.5M17.2M19.8M20.8M
Net Invested Capital8.5M16.8M19.3M39.0M67.8M71.2M
Net Working Capital611.9K3.6M2.1M16.9M32.0M33.6M
Capital Stock35.1M48.8M52.5M78.0M109.2M64.7M

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