Maritime Retained Earnings vs Total Current Assets Analysis

MAE Stock

CAD 0.06 0.01 8.33%

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

Retained Earnings vs Total Current Assets

Retained Earnings vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maritime Resources Corp Retained Earnings account and Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Maritime Resources' Retained Earnings and Total Current Assets is -0.7. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Maritime Resources Corp, assuming nothing else is changed. The correlation between historical values of Maritime Resources' Retained Earnings and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Maritime Resources Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Retained Earnings i.e., Maritime Resources' Retained Earnings and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.7

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Maritime Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maritime Resources Corp 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 Maritime Resources Corp. 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 1.3 M in 2024. Tax Provision is expected to grow at the current pace this year

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	82.6K	171.3K	170.2K	113.3K
Depreciation And Amortization	82.6K	171.3K	170.2K	103.3K

Reconciled Depreciation Depreciation And Amortization

Maritime Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Retained Earnings	Net Receivables	Other Stockholder Equity	Property Plant And Equipment Net	Non Current Liabilities Total	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Short Term Debt	Net Tangible Assets	Short Long Term Debt	Common Stock	Property Plant Equipment	Other Current Assets	Non Currrent Assets Other
Total Assets		0.66	0.99	0.26	0.88	0.47	1.0	0.47	1.0	0.84	0.58	-0.94	0.86	-0.22	0.66	0.81	0.77	0.78	-0.8	-0.48	0.99	0.56	0.99	0.99	0.94	0.64
Total Current Liabilities	0.66		0.72	-0.29	0.81	0.71	0.62	0.71	0.65	0.33	0.77	-0.71	0.39	-0.15	0.72	0.26	0.22	0.35	-0.31	-0.37	0.67	0.7	0.7	0.63	0.5	0.05
Total Stockholder Equity	0.99	0.72		0.11	0.92	0.57	0.97	0.57	0.99	0.73	0.67	-0.95	0.77	-0.22	0.78	0.69	0.65	0.67	-0.76	-0.53	0.99	0.6	1.0	0.98	0.88	0.51
Net Debt	0.26	-0.29	0.11		-0.15	-0.69	0.33	-0.69	0.24	0.69	-0.58	-0.06	0.58	0.04	-0.41	0.73	0.77	0.66	-0.53	0.33	0.18	-0.21	0.12	0.26	0.46	0.79
Accounts Payable	0.88	0.81	0.92	-0.15		0.77	0.84	0.77	0.88	0.58	0.84	-0.89	0.66	-0.31	0.77	0.53	0.47	0.52	-0.58	-0.6	0.9	0.57	0.92	0.86	0.77	0.34
Cash	0.47	0.71	0.57	-0.69	0.77		0.39	1.0	0.47	0.05	0.98	-0.6	0.19	-0.21	0.7	-0.01	-0.06	0.06	-0.03	-0.64	0.52	0.57	0.57	0.44	0.31	-0.15
Non Current Assets Total	1.0	0.62	0.97	0.33	0.84	0.39		0.39	0.99	0.87	0.51	-0.92	0.88	-0.2	0.63	0.84	0.8	0.8	-0.83	-0.44	0.99	0.52	0.97	0.99	0.95	0.68
Cash And Short Term Investments	0.47	0.71	0.57	-0.69	0.77	1.0	0.39		0.47	0.05	0.98	-0.6	0.19	-0.21	0.7	-0.01	-0.06	0.06	-0.03	-0.64	0.52	0.57	0.57	0.44	0.31	-0.15
Common Stock Shares Outstanding	1.0	0.65	0.99	0.24	0.88	0.47	0.99	0.47		0.82	0.58	-0.95	0.84	-0.23	0.68	0.79	0.75	0.75	-0.81	-0.49	1.0	0.58	0.99	0.99	0.94	0.63
Total Liab	0.84	0.33	0.73	0.69	0.58	0.05	0.87	0.05	0.82		0.18	-0.7	0.98	-0.16	0.16	1.0	0.99	0.96	-0.78	-0.2	0.79	0.29	0.75	0.81	0.94	0.93
Total Current Assets	0.58	0.77	0.67	-0.58	0.84	0.98	0.51	0.98	0.58	0.18		-0.7	0.31	-0.23	0.72	0.12	0.07	0.17	-0.15	-0.66	0.62	0.64	0.66	0.55	0.43	-0.03
Retained Earnings	-0.94	-0.71	-0.95	-0.06	-0.89	-0.6	-0.92	-0.6	-0.95	-0.7	-0.7		-0.74	0.33	-0.72	-0.66	-0.61	-0.64	0.68	0.63	-0.94	-0.75	-0.96	-0.92	-0.89	-0.52
Net Receivables	0.86	0.39	0.77	0.58	0.66	0.19	0.88	0.19	0.84	0.98	0.31	-0.74		-0.19	0.2	0.97	0.96	0.94	-0.73	-0.27	0.82	0.31	0.78	0.83	0.96	0.91
Other Stockholder Equity	-0.22	-0.15	-0.22	0.04	-0.31	-0.21	-0.2	-0.21	-0.23	-0.16	-0.23	0.33	-0.19		-0.17	-0.15	-0.15	-0.08	0.18	0.11	-0.24	-0.2	-0.27	-0.23	-0.25	-0.07
Property Plant And Equipment Net	0.66	0.72	0.78	-0.41	0.77	0.7	0.63	0.7	0.68	0.16	0.72	-0.72	0.2	-0.17		0.11	0.05	0.09	-0.43	-0.51	0.72	0.57	0.76	0.7	0.41	-0.12
Non Current Liabilities Total	0.81	0.26	0.69	0.73	0.53	-0.01	0.84	-0.01	0.79	1.0	0.12	-0.66	0.97	-0.15	0.11		1.0	0.96	-0.77	-0.18	0.75	0.24	0.71	0.78	0.92	0.95
Short Long Term Debt Total	0.77	0.22	0.65	0.77	0.47	-0.06	0.8	-0.06	0.75	0.99	0.07	-0.61	0.96	-0.15	0.05	1.0		0.95	-0.75	-0.1	0.71	0.21	0.66	0.74	0.9	0.95
Other Current Liab	0.78	0.35	0.67	0.66	0.52	0.06	0.8	0.06	0.75	0.96	0.17	-0.64	0.94	-0.08	0.09	0.96	0.95		-0.68	-0.19	0.72	0.29	0.68	0.74	0.88	0.91
Current Deferred Revenue	-0.8	-0.31	-0.76	-0.53	-0.58	-0.03	-0.83	-0.03	-0.81	-0.78	-0.15	0.68	-0.73	0.18	-0.43	-0.77	-0.75	-0.68		0.2	-0.79	-0.28	-0.77	-0.83	-0.78	-0.65
Short Term Debt	-0.48	-0.37	-0.53	0.33	-0.6	-0.64	-0.44	-0.64	-0.49	-0.2	-0.66	0.63	-0.27	0.11	-0.51	-0.18	-0.1	-0.19	0.2		-0.5	-0.4	-0.53	-0.45	-0.4	-0.18
Net Tangible Assets	0.99	0.67	0.99	0.18	0.9	0.52	0.99	0.52	1.0	0.79	0.62	-0.94	0.82	-0.24	0.72	0.75	0.71	0.72	-0.79	-0.5		0.57	1.0	0.99	0.92	0.58
Short Long Term Debt	0.56	0.7	0.6	-0.21	0.57	0.57	0.52	0.57	0.58	0.29	0.64	-0.75	0.31	-0.2	0.57	0.24	0.21	0.29	-0.28	-0.4	0.57		0.61	0.53	0.5	0.13
Common Stock	0.99	0.7	1.0	0.12	0.92	0.57	0.97	0.57	0.99	0.75	0.66	-0.96	0.78	-0.27	0.76	0.71	0.66	0.68	-0.77	-0.53	1.0	0.61		0.99	0.9	0.53
Property Plant Equipment	0.99	0.63	0.98	0.26	0.86	0.44	0.99	0.44	0.99	0.81	0.55	-0.92	0.83	-0.23	0.7	0.78	0.74	0.74	-0.83	-0.45	0.99	0.53	0.99		0.92	0.61
Other Current Assets	0.94	0.5	0.88	0.46	0.77	0.31	0.95	0.31	0.94	0.94	0.43	-0.89	0.96	-0.25	0.41	0.92	0.9	0.88	-0.78	-0.4	0.92	0.5	0.9	0.92		0.83
Non Currrent Assets Other	0.64	0.05	0.51	0.79	0.34	-0.15	0.68	-0.15	0.63	0.93	-0.03	-0.52	0.91	-0.07	-0.12	0.95	0.95	0.91	-0.65	-0.18	0.58	0.13	0.53	0.61	0.83

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Maritime Resources Account Relationship Matchups

Maritime Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.1M	26.2M	38.1M	39.9M	52.9M	55.6M
Total Current Liabilities	511.0K	1.2M	1.1M	927.8K	1.0M	557.0K
Total Stockholder Equity	13.6M	24.9M	35.9M	37.9M	39.0M	40.9M
Net Debt	(1.8M)	(6.4M)	(3.9M)	(2.1M)	4.6M	4.8M
Accounts Payable	364.4K	943.2K	724.2K	742.7K	720.0K	756.0K
Cash	1.8M	6.4M	4.3M	2.5M	1.1M	1.5M
Non Current Assets Total	12.0M	19.3M	33.3M	36.9M	50.4M	52.9M
Cash And Short Term Investments	1.8M	6.4M	4.3M	2.5M	1.1M	1.5M
Common Stock Shares Outstanding	173.3M	247.3M	377.1M	420.4M	523.1M	549.3M
Liabilities And Stockholders Equity	14.1M	26.2M	38.1M	39.9M	52.9M	55.6M
Total Liab	511.0K	1.3M	2.2M	2.0M	14.0M	14.7M
Total Current Assets	2.1M	6.9M	4.8M	3.0M	2.6M	1.7M
Retained Earnings	(9.5M)	(10.7M)	(12.0M)	(13.5M)	(15.7M)	(14.9M)
Net Receivables	161.5K	340.0K	298.2K	136.7K	1.2M	1.2M
Other Stockholder Equity	2.5M	2.2M	2.8M	2.2M	2.0M	2.2M
Property Plant And Equipment Net	12.0M	18.7M	33.2M	36.8M	11.3M	13.0M
Other Current Liab	47.6K	203.6K	223.3K	102.7K	887.4K	931.8K
Accumulated Other Comprehensive Income	2.5M	2.2M	2.8M	2.2M	2.7M	1.7M
Net Tangible Assets	13.6M	24.9M	35.9M	37.9M	43.6M	45.7M
Common Stock	20.6M	33.4M	45.1M	49.2M	52.0M	54.6M
Property Plant Equipment	12.0M	18.7M	33.2M	36.8M	42.3M	44.5M
Other Current Assets	120.2K	116.3K	141.6K	137.8K	349.9K	367.4K
Non Currrent Assets Other	12.0M	576.0K	119.9K	111.7K	38.8M	40.8M
Net Invested Capital	13.6M	24.9M	35.9M	37.9M	44.2M	27.2M
Net Working Capital	1.6M	5.6M	3.6M	2.1M	1.6M	2.6M
Capital Stock	20.6M	33.4M	45.1M	49.2M	52.0M	39.5M

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