Mindax Minority Interest vs Net Interest Income 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 Minority Interest and its Net Interest Income 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.

Minority Interest vs Net Interest Income

Minority Interest vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindax Limited Minority Interest account and Net Interest Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Mindax's Minority Interest and Net Interest Income is -0.95. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Net Interest Income 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 Minority Interest and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of Mindax Limited are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Minority Interest i.e., Mindax's Minority Interest and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.95
Relationship DirectionNegative 
Relationship StrengthSignificant

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Mindax Limited whose combined shares represent less than 50% of the total outstanding shares issued by Mindax have a minority interest in Mindax.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
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

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