Mainz Net Invested Capital vs Cash And Short Term Investments Analysis

MYNZ Stock

USD 5.25 0.35 6.25%

Mainz Biomed financial indicator trend analysis is infinitely more than just investigating Mainz Biomed BV recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainz Biomed BV is a good investment. Please check the relationship between Mainz Biomed Net Invested Capital and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainz Biomed BV. 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.

Net Invested Capital vs Cash And Short Term Investments

Net Invested Capital vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mainz Biomed BV Net Invested Capital account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Mainz Biomed's Net Invested Capital and Cash And Short Term Investments is 0.98. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Mainz Biomed BV, assuming nothing else is changed. The correlation between historical values of Mainz Biomed's Net Invested Capital and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Mainz Biomed BV are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Invested Capital i.e., Mainz Biomed's Net Invested Capital and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Mainz Biomed BV balance sheet. This account contains Mainz Biomed investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mainz Biomed BV fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Mainz Biomed's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainz Biomed BV 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 Mainz Biomed BV. 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.

Issuance Of Capital Stock is likely to rise to about 9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	339.2K	289.3K	809.6K	419.9K
Depreciation And Amortization	209.9K	459.4K	1.0M	1.1M

Interest Expense Depreciation And Amortization

Mainz Biomed fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital
Total Assets		0.65	0.94	0.76	0.94	0.77	0.93	-0.83	-0.85	0.83	0.96	0.65	0.72	0.96	0.8	0.4	0.2	0.89	0.94	0.79	0.99	0.77	0.63	0.98	0.87	0.73
Short Long Term Debt Total	0.65		0.79	0.85	0.36	0.84	0.5	-0.14	-0.85	0.83	0.43	0.86	0.39	0.43	0.82	0.51	0.75	0.86	0.69	0.98	0.57	0.84	0.86	0.48	0.93	0.0
Other Current Liab	0.94	0.79		0.82	0.8	0.85	0.78	-0.66	-0.89	0.84	0.85	0.74	0.51	0.85	0.88	0.48	0.37	0.98	0.83	0.89	0.91	0.85	0.72	0.87	0.9	0.54
Total Current Liabilities	0.76	0.85	0.82		0.56	0.99	0.6	-0.29	-0.99	0.99	0.61	0.99	0.5	0.61	0.98	0.48	0.63	0.85	0.75	0.88	0.7	1.0	0.98	0.65	0.9	0.14
Total Stockholder Equity	0.94	0.36	0.8	0.56		0.57	0.93	-0.96	-0.67	0.65	1.0	0.42	0.72	1.0	0.62	0.25	-0.07	0.71	0.86	0.54	0.97	0.58	0.4	0.99	0.65	0.9
Property Plant And Equipment Net	0.77	0.84	0.85	0.99	0.57		0.58	-0.32	-0.99	0.98	0.63	0.98	0.44	0.63	0.99	0.53	0.57	0.88	0.73	0.88	0.72	1.0	0.97	0.66	0.89	0.17
Current Deferred Revenue	0.93	0.5	0.78	0.6	0.93	0.58		-0.86	-0.7	0.71	0.94	0.49	0.9	0.94	0.6	0.15	0.15	0.69	0.97	0.64	0.94	0.6	0.47	0.95	0.76	0.81
Net Debt	-0.83	-0.14	-0.66	-0.29	-0.96	-0.32	-0.86		0.43	-0.41	-0.94	-0.15	-0.64	-0.94	-0.38	-0.13	0.29	-0.54	-0.73	-0.33	-0.88	-0.32	-0.12	-0.92	-0.45	-0.99
Retained Earnings	-0.85	-0.85	-0.89	-0.99	-0.67	-0.99	-0.7	0.43		-0.99	-0.72	-0.95	-0.57	-0.72	-0.98	-0.49	-0.56	-0.91	-0.83	-0.91	-0.8	-0.99	-0.94	-0.75	-0.94	-0.28
Accounts Payable	0.83	0.83	0.84	0.99	0.65	0.98	0.71	-0.41	-0.99		0.7	0.96	0.62	0.7	0.96	0.44	0.58	0.86	0.84	0.88	0.78	0.98	0.95	0.74	0.92	0.27
Cash	0.96	0.43	0.85	0.61	1.0	0.63	0.94	-0.94	-0.72	0.7		0.49	0.73	1.0	0.67	0.27	0.0	0.76	0.88	0.6	0.98	0.63	0.46	1.0	0.71	0.87
Non Current Assets Total	0.65	0.86	0.74	0.99	0.42	0.98	0.49	-0.15	-0.95	0.96	0.49		0.42	0.49	0.95	0.49	0.69	0.8	0.66	0.86	0.59	0.98	1.0	0.53	0.86	-0.01
Long Term Debt	0.72	0.39	0.51	0.5	0.72	0.44	0.9	-0.64	-0.57	0.62	0.73	0.42		0.73	0.41	-0.14	0.29	0.42	0.89	0.49	0.71	0.47	0.42	0.74	0.62	0.61
Cash And Short Term Investments	0.96	0.43	0.85	0.61	1.0	0.63	0.94	-0.94	-0.72	0.7	1.0	0.49	0.73		0.67	0.27	0.0	0.76	0.88	0.6	0.98	0.63	0.46	1.0	0.71	0.87
Net Receivables	0.8	0.82	0.88	0.98	0.62	0.99	0.6	-0.38	-0.98	0.96	0.67	0.95	0.41	0.67		0.56	0.5	0.91	0.72	0.87	0.76	0.99	0.94	0.7	0.88	0.23
Common Stock Shares Outstanding	0.4	0.51	0.48	0.48	0.25	0.53	0.15	-0.13	-0.49	0.44	0.27	0.49	-0.14	0.27	0.56		-0.07	0.62	0.25	0.54	0.38	0.51	0.47	0.29	0.51	0.02
Non Current Liabilities Total	0.2	0.75	0.37	0.63	-0.07	0.57	0.15	0.29	-0.56	0.58	0.0	0.69	0.29	0.0	0.5	-0.07		0.4	0.36	0.64	0.11	0.59	0.71	0.05	0.58	-0.38
Capital Lease Obligations	0.89	0.86	0.98	0.85	0.71	0.88	0.69	-0.54	-0.91	0.86	0.76	0.8	0.42	0.76	0.91	0.62	0.4		0.79	0.94	0.85	0.88	0.78	0.79	0.93	0.41
Other Current Assets	0.94	0.69	0.83	0.75	0.86	0.73	0.97	-0.73	-0.83	0.84	0.88	0.66	0.89	0.88	0.72	0.25	0.36	0.79		0.79	0.92	0.74	0.65	0.91	0.89	0.64
Total Liab	0.79	0.98	0.89	0.88	0.54	0.88	0.64	-0.33	-0.91	0.88	0.6	0.86	0.49	0.6	0.87	0.54	0.64	0.94	0.79		0.73	0.88	0.85	0.65	0.98	0.2
Net Invested Capital	0.99	0.57	0.91	0.7	0.97	0.72	0.94	-0.88	-0.8	0.78	0.98	0.59	0.71	0.98	0.76	0.38	0.11	0.85	0.92	0.73		0.72	0.56	0.99	0.81	0.79
Property Plant And Equipment Gross	0.77	0.84	0.85	1.0	0.58	1.0	0.6	-0.32	-0.99	0.98	0.63	0.98	0.47	0.63	0.99	0.51	0.59	0.88	0.74	0.88	0.72		0.97	0.67	0.9	0.17
Short Long Term Debt	0.63	0.86	0.72	0.98	0.4	0.97	0.47	-0.12	-0.94	0.95	0.46	1.0	0.42	0.46	0.94	0.47	0.71	0.78	0.65	0.85	0.56	0.97		0.5	0.85	-0.04
Total Current Assets	0.98	0.48	0.87	0.65	0.99	0.66	0.95	-0.92	-0.75	0.74	1.0	0.53	0.74	1.0	0.7	0.29	0.05	0.79	0.91	0.65	0.99	0.67	0.5		0.75	0.85
Capital Stock	0.87	0.93	0.9	0.9	0.65	0.89	0.76	-0.45	-0.94	0.92	0.71	0.86	0.62	0.71	0.88	0.51	0.58	0.93	0.89	0.98	0.81	0.9	0.85	0.75		0.32
Net Working Capital	0.73	0.0	0.54	0.14	0.9	0.17	0.81	-0.99	-0.28	0.27	0.87	-0.01	0.61	0.87	0.23	0.02	-0.38	0.41	0.64	0.2	0.79	0.17	-0.04	0.85	0.32

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Mainz Net Invested Capital vs Cash And Short Term Investments Analysis

Net Invested Capital vs Cash And Short Term Investments

Net Invested Capital vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Invested Capital

Cash And Short Term Investments

Mainz Biomed fundamental ratios Correlations

Mainz Biomed Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Property Plant And Equipment Gross	+ 1.0	Total Current Liabilities
Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Property Plant And Equipment Gross	- 0.99	Retained Earnings
Accounts Payable	- 0.99	Retained Earnings
Net Working Capital	- 0.99	Net Debt
Retained Earnings	- 0.99	Property Plant And Equipment Net
Retained Earnings	- 0.99	Total Current Liabilities
Net Receivables	- 0.98	Retained Earnings