Mindteck Operating Income vs Interest Expense Analysis

MINDTECK   293.95  3.50  1.18%   
Mindteck financial indicator trend analysis is infinitely more than just investigating Mindteck Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mindteck Limited is a good investment. Please check the relationship between Mindteck Operating Income and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mindteck 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 estimate.

Operating Income vs Interest Expense

Operating Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mindteck Limited Operating Income account and Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mindteck's Operating Income and Interest Expense is -0.15. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Mindteck Limited, assuming nothing else is changed. The correlation between historical values of Mindteck's Operating Income and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Mindteck Limited are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Operating Income i.e., Mindteck's Operating Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.15
Relationship DirectionNegative 
Relationship StrengthInsignificant

Operating Income

Operating Income is the amount of profit realized from Mindteck Limited operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Mindteck Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Mindteck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mindteck 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 Mindteck 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 estimate.
At present, Mindteck's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense9.2M10.1M8.9M8.1M
Depreciation And Amortization50M45.2M44.5M38.0M

Mindteck fundamental ratios Correlations

-0.130.50.150.97-0.050.12-0.770.8-0.410.63-0.13-0.40.650.920.74-0.060.170.450.120.85-0.090.61-0.330.030.14
-0.13-0.430.43-0.280.620.170.26-0.550.210.19-0.44-0.090.080.02-0.160.550.08-0.020.620.150.81-0.04-0.490.15-0.15
0.5-0.430.260.48-0.18-0.3-0.450.46-0.530.260.14-0.360.230.480.55-0.38-0.130.450.090.32-0.290.380.00.090.01
0.150.430.26-0.060.35-0.1-0.28-0.110.320.51-0.66-0.060.520.1-0.07-0.010.45-0.260.920.460.45-0.07-0.520.43-0.27
0.97-0.280.48-0.06-0.190.11-0.720.86-0.490.520.03-0.360.540.880.76-0.150.070.5-0.110.74-0.220.61-0.18-0.070.2
-0.050.62-0.180.35-0.190.38-0.05-0.50.070.37-0.6-0.210.270.160.010.780.32-0.090.630.280.610.17-0.780.44-0.16
0.120.17-0.3-0.10.110.38-0.07-0.13-0.090.27-0.12-0.270.010.160.050.350.19-0.160.050.190.360.13-0.280.31-0.24
-0.770.26-0.45-0.28-0.72-0.05-0.07-0.710.3-0.850.270.29-0.74-0.57-0.540.16-0.43-0.1-0.2-0.710.1-0.510.38-0.13-0.37
0.8-0.550.46-0.110.86-0.5-0.13-0.71-0.330.330.2-0.190.470.620.54-0.370.090.37-0.250.47-0.510.480.14-0.130.26
-0.410.21-0.530.32-0.490.07-0.090.3-0.33-0.17-0.360.27-0.07-0.47-0.770.110.42-0.730.34-0.13-0.03-0.76-0.010.04-0.26
0.630.190.260.510.520.370.27-0.850.33-0.17-0.5-0.370.670.50.40.050.53-0.080.490.770.330.33-0.610.250.3
-0.13-0.440.14-0.660.03-0.6-0.120.270.2-0.36-0.5-0.26-0.71-0.13-0.06-0.18-0.750.42-0.68-0.62-0.62-0.020.88-0.590.27
-0.4-0.09-0.36-0.06-0.36-0.21-0.270.29-0.190.27-0.37-0.260.11-0.47-0.04-0.290.22-0.23-0.17-0.230.09-0.09-0.030.2-0.29
0.650.080.230.520.540.270.01-0.740.47-0.070.67-0.710.110.540.51-0.050.560.040.470.820.270.54-0.730.42-0.06
0.920.020.480.10.880.160.16-0.570.62-0.470.5-0.13-0.470.540.760.210.120.590.180.790.030.66-0.410.130.02
0.74-0.160.55-0.070.760.010.05-0.540.54-0.770.4-0.06-0.040.510.76-0.10.020.68-0.10.590.060.85-0.370.210.03
-0.060.55-0.38-0.01-0.150.780.350.16-0.370.110.05-0.18-0.29-0.050.21-0.10.070.060.380.050.30.1-0.390.14-0.03
0.170.08-0.130.450.070.320.19-0.430.090.420.53-0.750.220.560.120.020.07-0.540.450.520.24-0.08-0.580.67-0.2
0.45-0.020.45-0.260.5-0.09-0.16-0.10.37-0.73-0.080.42-0.230.040.590.680.06-0.54-0.210.1-0.080.760.06-0.170.01
0.120.620.090.92-0.110.630.05-0.2-0.250.340.49-0.68-0.170.470.18-0.10.380.45-0.210.440.54-0.02-0.630.45-0.26
0.850.150.320.460.740.280.19-0.710.47-0.130.77-0.62-0.230.820.790.590.050.520.10.440.270.42-0.720.31-0.02
-0.090.81-0.290.45-0.220.610.360.1-0.51-0.030.33-0.620.090.270.030.060.30.24-0.080.540.270.14-0.650.39-0.22
0.61-0.040.38-0.070.610.170.13-0.510.48-0.760.33-0.02-0.090.540.660.850.1-0.080.76-0.020.420.14-0.370.230.0
-0.33-0.490.0-0.52-0.18-0.78-0.280.380.14-0.01-0.610.88-0.03-0.73-0.41-0.37-0.39-0.580.06-0.63-0.72-0.65-0.37-0.590.24
0.030.150.090.43-0.070.440.31-0.13-0.130.040.25-0.590.20.420.130.210.140.67-0.170.450.310.390.23-0.59-0.58
0.14-0.150.01-0.270.2-0.16-0.24-0.370.26-0.260.30.27-0.29-0.060.020.03-0.03-0.20.01-0.26-0.02-0.220.00.24-0.58
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Mindteck Account Relationship Matchups

Mindteck fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.1B2.3B2.4B2.8B2.2B
Other Current Liab173.2M181.8M222.2M250.2M295.9M228.6M
Total Current Liabilities373.8M585.8M456.5M463.5M498.1M457.9M
Total Stockholder Equity1.3B1.4B1.8B1.9B2.2B1.7B
Property Plant And Equipment Net145.1M88.2M93M70.5M40.4M53.8M
Current Deferred Revenue196.3M149.8M160.7M172M23.7M22.5M
Net Debt(163M)(245.9M)(424.2M)(358M)(451.3M)(428.7M)
Retained Earnings(200.5M)(89.7M)246.6M404.6M655.1M687.9M
Accounts Payable128.4M135M183.2M155.9M164.1M137.7M
Cash290.6M506M502.8M414.3M473.4M293.0M
Non Current Assets Total707.7M519.1M698M471.8M437.6M702.6M
Non Currrent Assets Other173.5M372.5M77.3M72M809.3M849.8M
Cash And Short Term Investments296.9M775.6M768.2M1.0B1.2B1.3B
Net Receivables766.7M699.3M745.4M870.1M947.1M744.3M
Common Stock Shares Outstanding25.2M25.2M25.4M25.3M32.0M27.2M
Liabilities And Stockholders Equity1.8B2.1B2.3B2.4B2.8B2.2B
Non Current Liabilities Total174.9M82M81.9M57.4M48.1M71.9M
Other Current Assets75.7M72.3M81.8M83.1M122.3M78.8M
Total Liab548.7M667.8M538.4M520.9M546.2M529.8M
Total Current Assets1.1B1.5B1.6B2.0B2.3B1.3B
Accumulated Other Comprehensive Income(42.3M)220.5M235.5M294.2M318.5M334.4M
Short Term Debt93.3M225.5M31.4M103.4M22.1M21.0M
Inventory(135.1M)(4.3M)(2.5M)(22.1M)(34.8M)1.05
Intangible Assets95.6M78.2M1.5M500K100K475K
Other Liab101.1M95.6M47.4M34.7M39.9M63.5M
Net Tangible Assets983.3M936.6M1.1B1.5B1.7B1.1B
Other Assets206.4M147.9M119.2M44.2M39.8M37.8M
Property Plant Equipment141.6M88.2M93M70.5M81.1M60.9M
Short Term Investments6.3M269.6M265.4M610.5M749M786.5M
Long Term Debt Total79.3M34.6M47.2M22M25.3M28.8M
Cash And Equivalents293.9M776.6M769.1M1.0B1.2B1.2B
Net Invested Capital1.3B1.6B1.8B1.9B2.2B2.0B
Net Working Capital763.5M961.4M1.1B1.5B1.8B1.2B

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Other Information on Investing in Mindteck Stock

Balance Sheet is a snapshot of the financial position of Mindteck Limited at a specified time, usually calculated after every quarter, six months, or one year. Mindteck Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mindteck and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mindteck currently owns. An asset can also be divided into two categories, current and non-current.