Mindax Income Before Tax vs Ebitda Analysis

MDX Stock   0.04  0  5.00%   
Mindax financial indicator trend analysis is infinitely more than just investigating Mindax Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindax Limited is a good investment. Please check the relationship between Mindax Income Before Tax and its Ebitda accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindax Limited. 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.

Income Before Tax vs Ebitda

Income Before Tax vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindax Limited Income Before Tax account and Ebitda. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mindax's Income Before Tax and Ebitda is 0.83. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebitda in the same time period over historical financial statements of Mindax Limited, assuming nothing else is changed. The correlation between historical values of Mindax's Income Before Tax and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Mindax Limited are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Income Before Tax i.e., Mindax's Income Before Tax and Ebitda go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Mindax income statement and is an important metric when analyzing Mindax Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Ebitda

Most indicators from Mindax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindax Limited 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 Mindax Limited. 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. Tax Provision is likely to gain to about (155.2 K) in 2024
 2022 2023 2024 (projected)
Depreciation And Amortization11.5K64.3K67.5K
Total Revenue2.03.0K2.8K

Mindax fundamental ratios Correlations

-0.350.380.920.650.540.210.450.670.450.220.590.450.84-0.380.350.990.620.330.410.390.530.430.38-0.2-0.51
-0.350.34-0.26-0.35-0.130.04-0.24-0.080.17-0.020.170.0-0.150.13-0.1-0.36-0.610.09-0.19-0.43-0.4-0.180.04-0.20.37
0.380.340.140.64-0.210.26-0.170.140.980.20.190.220.630.35-0.190.420.20.41-0.350.180.61-0.330.16-0.26-0.58
0.92-0.260.140.330.690.320.570.750.160.230.740.550.67-0.520.470.890.420.290.560.190.170.590.52-0.24-0.13
0.65-0.350.640.330.05-0.17-0.080.150.780.21-0.08-0.110.670.0-0.130.690.780.27-0.030.690.96-0.02-0.2-0.03-0.92
0.54-0.13-0.210.690.050.080.340.47-0.210.250.380.240.13-0.890.280.440.320.130.910.24-0.150.910.22-0.170.14
0.210.040.260.32-0.170.080.280.480.16-0.060.610.820.310.110.310.21-0.30.10.02-0.49-0.220.050.84-0.160.21
0.45-0.24-0.170.57-0.080.340.280.53-0.160.060.660.570.43-0.20.360.42-0.120.160.26-0.09-0.110.30.56-0.190.1
0.67-0.080.140.750.150.470.480.530.13-0.380.830.650.7-0.510.850.67-0.01-0.240.57-0.30.070.60.640.27-0.05
0.450.170.980.160.78-0.210.16-0.160.130.20.110.140.690.33-0.20.50.360.39-0.340.310.76-0.320.07-0.2-0.73
0.22-0.020.20.230.210.25-0.060.06-0.380.2-0.08-0.08-0.020.12-0.720.170.370.9-0.130.570.12-0.13-0.1-0.87-0.03
0.590.170.190.74-0.080.380.610.660.830.11-0.080.810.64-0.230.620.57-0.250.150.29-0.43-0.170.340.82-0.20.16
0.450.00.220.55-0.110.240.820.570.650.14-0.080.810.53-0.020.460.44-0.240.190.14-0.45-0.140.180.99-0.240.11
0.84-0.150.630.670.670.130.310.430.70.69-0.020.640.53-0.030.370.870.320.240.060.10.640.090.46-0.08-0.61
-0.380.130.35-0.520.0-0.890.11-0.2-0.510.330.12-0.23-0.02-0.03-0.49-0.3-0.250.29-0.99-0.140.16-0.98-0.02-0.25-0.15
0.35-0.1-0.190.47-0.130.280.310.360.85-0.2-0.720.620.460.37-0.490.36-0.17-0.630.53-0.49-0.160.550.480.60.15
0.99-0.360.420.890.690.440.210.420.670.50.170.570.440.87-0.30.360.630.30.330.380.580.350.36-0.15-0.56
0.62-0.610.20.420.780.32-0.3-0.12-0.010.360.37-0.25-0.240.32-0.25-0.170.630.250.240.890.720.22-0.32-0.06-0.69
0.330.090.410.290.270.130.10.16-0.240.390.90.150.190.240.29-0.630.30.25-0.290.390.2-0.270.15-0.96-0.17
0.41-0.19-0.350.56-0.030.910.020.260.57-0.34-0.130.290.140.06-0.990.530.330.24-0.290.1-0.181.00.140.250.18
0.39-0.430.180.190.690.24-0.49-0.09-0.30.310.57-0.43-0.450.1-0.14-0.490.380.890.390.10.620.08-0.54-0.24-0.59
0.53-0.40.610.170.96-0.15-0.22-0.110.070.760.12-0.17-0.140.640.16-0.160.580.720.2-0.180.62-0.18-0.230.06-0.95
0.43-0.18-0.330.59-0.020.910.050.30.6-0.32-0.130.340.180.09-0.980.550.350.22-0.271.00.08-0.180.180.230.18
0.380.040.160.52-0.20.220.840.560.640.07-0.10.820.990.46-0.020.480.36-0.320.150.14-0.54-0.230.18-0.220.21
-0.2-0.2-0.26-0.24-0.03-0.17-0.16-0.190.27-0.2-0.87-0.2-0.24-0.08-0.250.6-0.15-0.06-0.960.25-0.240.060.23-0.22-0.05
-0.510.37-0.58-0.13-0.920.140.210.1-0.05-0.73-0.030.160.11-0.61-0.150.15-0.56-0.69-0.170.18-0.59-0.950.180.21-0.05
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Mindax Account Relationship Matchups

Mindax fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6M4.3M19.0M19.3M26.7M28.1M
Other Current Liab1.0M1.3M225.7K1.9K7.7K7.3K
Total Current Liabilities1.5M396.8K360.7K274.0K1.6M1.7M
Total Stockholder Equity1.1M3.9M18.6M19.0M17.7M11.1M
Accounts Payable226.0K171.2K360.7K272.0K1.6M1.7M
Cash178.8K1.2M1.7M4.6M520.0K494.0K
Net Receivables15.0K16.0K167.1K51.6K45.0K42.7K
Other Current Assets1.1K8.6K8.5K18.5K22.8K20.2K
Total Liab1.5M396.8K360.7K274.0K2.1M2.2M
Common Stock44.8M48.6M50.0M55.4M55.5M35.7M
Property Plant And Equipment Net2.4M2.9M487.8K92.6K26.1M27.4M
Net Debt(178.8K)(1.2M)(1.7M)(4.6M)(411.4K)(432.0K)
Retained Earnings(44.5M)(45.6M)(32.2M)(37.8M)(40.1M)(38.1M)
Non Current Assets Total2.4M2.9M17.3M14.6M26.1M27.4M
Cash And Short Term Investments178.8K1.2M1.7M4.6M520.0K494.0K
Common Stock Shares Outstanding989.7M1.4B1.9B2.0B2.0B2.1B
Liabilities And Stockholders Equity2.6M4.3M19.0M19.3M26.7M28.1M
Total Current Assets196.0K1.4M1.7M4.7M587.7K558.4K

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Additional Tools for Mindax Stock Analysis

When running Mindax's price analysis, check to measure Mindax's 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 Mindax is operating at the current time. Most of Mindax's value examination focuses on studying past and present price action to predict the probability of Mindax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mindax's price. Additionally, you may evaluate how the addition of Mindax to your portfolios can decrease your overall portfolio volatility.