Themac Total Assets vs Net Debt Analysis

MAC Stock

CAD 0.04 0.01 16.67%

Themac Resources financial indicator trend analysis is much more than just breaking down Themac Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Themac Resources is a good investment. Please check the relationship between Themac Resources Total Assets and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Themac Resources Group. 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.

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Themac Resources Total Assets account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Themac Resources' Total Assets and Net Debt is 0.76. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Themac Resources Group, assuming nothing else is changed. The correlation between historical values of Themac Resources' Total Assets 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 Total Assets of Themac Resources Group 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 Total Assets i.e., Themac Resources' Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Assets

Total assets refers to the total amount of Themac Resources assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Themac Resources books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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 Themac Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Themac Resources 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 Themac Resources Group. 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.

Selling General Administrative is likely to drop to about 1 M in 2024

Themac Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Long Term Investments	Non Current Liabilities Other	Common Stock Shares Outstanding
Total Assets		0.61	0.91	-0.86	0.94	-0.87	-0.91	0.46	0.35	-0.7	-0.76	0.03	-0.92	0.94	0.92	0.95	0.12	0.93	0.51	0.99	0.88	-0.7	-0.74	-0.82	-0.85	-0.4
Other Current Liab	0.61		0.73	-0.85	0.66	-0.75	-0.83	0.07	0.22	-0.6	-0.72	-0.22	-0.53	0.43	0.73	0.64	-0.06	0.43	0.74	0.6	0.81	-0.71	-0.96	-0.75	-0.76	-0.71
Total Current Liabilities	0.91	0.73		-0.95	0.94	-0.96	-0.96	0.25	0.15	-0.86	-0.89	-0.14	-0.88	0.73	1.0	0.98	-0.05	0.89	0.54	0.92	0.91	-0.84	-0.87	-0.77	-0.97	-0.35
Total Stockholder Equity	-0.86	-0.85	-0.95		-0.85	0.97	0.99	-0.11	-0.17	0.86	0.93	0.27	0.84	-0.64	-0.95	-0.91	0.11	-0.77	-0.65	-0.85	-0.95	0.89	0.95	0.87	0.98	0.59
Other Liab	0.94	0.66	0.94	-0.85		-0.87	-0.89	0.44	0.36	-0.68	-0.75	0.06	-0.83	0.86	0.94	0.94	0.2	0.89	0.52	0.95	0.81	-0.71	-0.78	-0.71	-0.86	-0.3
Net Tangible Assets	-0.87	-0.75	-0.96	0.97	-0.87		0.97	-0.08	-0.07	0.9	0.94	0.2	0.88	-0.65	-0.97	-0.94	0.19	-0.83	-0.48	-0.86	-0.9	0.89	0.9	0.8	0.99	0.42
Retained Earnings	-0.91	-0.83	-0.96	0.99	-0.89	0.97		-0.19	-0.22	0.84	0.91	0.21	0.87	-0.72	-0.96	-0.93	0.06	-0.81	-0.65	-0.9	-0.96	0.87	0.93	0.88	0.97	0.57
Accounts Payable	0.46	0.07	0.25	-0.11	0.44	-0.08	-0.19		0.65	0.11	0.08	0.46	-0.3	0.67	0.25	0.34	0.69	0.45	0.33	0.51	0.22	0.12	-0.07	-0.26	-0.08	-0.09
Cash	0.35	0.22	0.15	-0.17	0.36	-0.07	-0.22	0.65		0.21	0.0	0.13	-0.09	0.5	0.15	0.2	0.91	0.19	0.49	0.36	0.15	-0.05	-0.17	-0.28	-0.08	-0.45
Other Assets	-0.7	-0.6	-0.86	0.86	-0.68	0.9	0.84	0.11	0.21		0.88	0.42	0.79	-0.45	-0.86	-0.83	0.41	-0.75	-0.4	-0.71	-0.83	0.81	0.74	0.67	0.91	0.3
Long Term Debt	-0.76	-0.72	-0.89	0.93	-0.75	0.94	0.91	0.08	0.0	0.88		0.38	0.76	-0.53	-0.89	-0.83	0.25	-0.7	-0.5	-0.75	-0.88	0.99	0.85	0.74	0.94	0.45
Net Receivables	0.03	-0.22	-0.14	0.27	0.06	0.2	0.21	0.46	0.13	0.42	0.38		-0.08	0.22	-0.14	-0.01	0.23	0.13	-0.33	0.02	-0.28	0.4	0.21	0.14	0.27	0.34
Other Current Assets	-0.92	-0.53	-0.88	0.84	-0.83	0.88	0.87	-0.3	-0.09	0.79	0.76	-0.08		-0.8	-0.88	-0.93	0.16	-0.94	-0.4	-0.91	-0.85	0.66	0.69	0.84	0.85	0.34
Other Stockholder Equity	0.94	0.43	0.73	-0.64	0.86	-0.65	-0.72	0.67	0.5	-0.45	-0.53	0.22	-0.8		0.74	0.8	0.33	0.84	0.45	0.93	0.73	-0.48	-0.53	-0.7	-0.62	-0.33
Total Liab	0.92	0.73	1.0	-0.95	0.94	-0.97	-0.96	0.25	0.15	-0.86	-0.89	-0.14	-0.88	0.74		0.98	-0.05	0.89	0.54	0.92	0.91	-0.84	-0.86	-0.77	-0.97	-0.35
Short Long Term Debt	0.95	0.64	0.98	-0.91	0.94	-0.94	-0.93	0.34	0.2	-0.83	-0.83	-0.01	-0.93	0.8	0.98		0.01	0.96	0.48	0.95	0.87	-0.77	-0.79	-0.77	-0.93	-0.31
Total Current Assets	0.12	-0.06	-0.05	0.11	0.2	0.19	0.06	0.69	0.91	0.41	0.25	0.23	0.16	0.33	-0.05	0.01		0.05	0.26	0.16	-0.15	0.2	0.11	0.07	0.17	-0.1
Short Term Debt	0.93	0.43	0.89	-0.77	0.89	-0.83	-0.81	0.45	0.19	-0.75	-0.7	0.13	-0.94	0.84	0.89	0.96	0.05		0.34	0.93	0.76	-0.61	-0.6	-0.68	-0.81	-0.15
Common Stock	0.51	0.74	0.54	-0.65	0.52	-0.48	-0.65	0.33	0.49	-0.4	-0.5	-0.33	-0.4	0.45	0.54	0.48	0.26	0.34		0.57	0.68	-0.49	-0.66	-0.77	-0.56	-0.85
Property Plant Equipment	0.99	0.6	0.92	-0.85	0.95	-0.86	-0.9	0.51	0.36	-0.71	-0.75	0.02	-0.91	0.93	0.92	0.95	0.16	0.93	0.57		0.88	-0.69	-0.73	-0.81	-0.85	-0.4
Non Current Assets Total	0.88	0.81	0.91	-0.95	0.81	-0.9	-0.96	0.22	0.15	-0.83	-0.88	-0.28	-0.85	0.73	0.91	0.87	-0.15	0.76	0.68	0.88		-0.82	-0.88	-0.9	-0.91	-0.61
Non Currrent Assets Other	-0.7	-0.71	-0.84	0.89	-0.71	0.89	0.87	0.12	-0.05	0.81	0.99	0.4	0.66	-0.48	-0.84	-0.77	0.2	-0.61	-0.49	-0.69	-0.82		0.84	0.67	0.9	0.45
Non Current Liabilities Total	-0.74	-0.96	-0.87	0.95	-0.78	0.9	0.93	-0.07	-0.17	0.74	0.85	0.21	0.69	-0.53	-0.86	-0.79	0.11	-0.6	-0.66	-0.73	-0.88	0.84		0.8	0.9	0.62
Long Term Investments	-0.82	-0.75	-0.77	0.87	-0.71	0.8	0.88	-0.26	-0.28	0.67	0.74	0.14	0.84	-0.7	-0.77	-0.77	0.07	-0.68	-0.77	-0.81	-0.9	0.67	0.8		0.8	0.79
Non Current Liabilities Other	-0.85	-0.76	-0.97	0.98	-0.86	0.99	0.97	-0.08	-0.08	0.91	0.94	0.27	0.85	-0.62	-0.97	-0.93	0.17	-0.81	-0.56	-0.85	-0.91	0.9	0.9	0.8		0.44
Common Stock Shares Outstanding	-0.4	-0.71	-0.35	0.59	-0.3	0.42	0.57	-0.09	-0.45	0.3	0.45	0.34	0.34	-0.33	-0.35	-0.31	-0.1	-0.15	-0.85	-0.4	-0.61	0.45	0.62	0.79	0.44

Click cells to compare fundamentals

Themac Resources Account Relationship Matchups

Themac Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	84.9M	78.3M	82.6M	85.8M	89.5M	85.0M
Other Current Liab	182.6K	163.0K	1.5M	1.7M	2.0M	2.1M
Total Current Liabilities	121.2M	134.1M	148.0M	162.4M	177.8M	119.8M
Total Stockholder Equity	(38.6M)	(57.8M)	(66.0M)	(77.3M)	(88.9M)	(84.4M)
Other Liab	518.1K	510.8K	547.4K	688.5K	791.8K	516.2K
Net Tangible Assets	(30.1M)	(38.6M)	(57.8M)	(66.0M)	(59.4M)	(56.4M)
Retained Earnings	(88.5M)	(100.0M)	(112.1M)	(125.0M)	(138.4M)	(131.5M)
Accounts Payable	443.4K	293.4K	421.9K	360.6K	650.7K	384.7K
Cash	80.3K	158.8K	87.1K	101.5K	342.4K	359.5K
Other Assets	202.5K	199.1K	183.7K	192.9K	173.6K	238.2K
Net Receivables	717.0	339.0	6.4K	2.4K	523.0	496.85
Other Stockholder Equity	27.9M	30.8M	23.0M	26.9M	31.0M	28.4M
Total Liab	123.5M	136.1M	148.7M	163.0M	178.3M	121.9M
Short Long Term Debt	117.7M	130.8M	143.0M	157.1M	174.7M	106.5M
Total Current Assets	105.9K	179.3K	105.2K	116.4K	358.4K	186.2K
Property Plant Equipment	80.2M	84.6M	77.9M	82.3M	94.7M	81.9M
Non Current Assets Total	84.8M	78.1M	82.5M	85.7M	89.1M	88.6M
Non Currrent Assets Other	78.0M	80.4M	199.1K	183.7K	165.3K	157.1K
Non Current Liabilities Total	2.3M	2.0M	688.5K	647.3K	564.5K	536.3K
Non Current Liabilities Other	2.0M	1.9M	1.8M	1.5M	1.3M	1.6M
Net Invested Capital	79.2M	73.0M	77.0M	79.8M	85.8M	84.1M
Net Working Capital	(121.1M)	(133.9M)	(147.9M)	(162.3M)	(177.4M)	(186.3M)
Net Debt	117.7M	130.7M	143.0M	157.0M	174.3M	144.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Themac Stock Analysis

When running Themac Resources' price analysis, check to measure Themac Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Themac Resources is operating at the current time. Most of Themac Resources' value examination focuses on studying past and present price action to predict the probability of Themac Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Themac Resources' price. Additionally, you may evaluate how the addition of Themac Resources to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC