Midnight Sun Total Debt vs. Current Ratio
| MMA Stock | CAD 0.52 0.02 3.70% |
For Midnight Sun profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Midnight Sun to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Midnight Sun Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Midnight Sun's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Midnight Sun Mining over time as well as its relative position and ranking within its peers.
Midnight |
Midnight Sun Mining Current Ratio vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Midnight Sun's current stock value. Our valuation model uses many indicators to compare Midnight Sun value to that of its competitors to determine the firm's financial worth. Midnight Sun Mining is regarded third in total debt category among its peers. It is regarded fourth in current ratio category among its peers . The ratio of Total Debt to Current Ratio for Midnight Sun Mining is about 1,791,786 . At this time, Midnight Sun's Current Ratio is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Midnight Sun's earnings, one of the primary drivers of an investment's value.Midnight Total Debt vs. Competition
Midnight Sun Mining is regarded third in total debt category among its peers. Total debt of Materials industry is now estimated at about 4.33 Million. Midnight Sun holds roughly 376,275 in total debt claiming about 9% of all equities under Materials industry.
Midnight Current Ratio vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Midnight Sun |
| = | 376.27 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Midnight Sun |
| = | 0.21 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Midnight Current Ratio Comparison
Midnight Sun is currently under evaluation in current ratio category among its peers.
Midnight Sun Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Midnight Sun, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Midnight Sun will eventually generate negative long term returns. The profitability progress is the general direction of Midnight Sun's change in net profit over the period of time. It can combine multiple indicators of Midnight Sun, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 2.9 M | 1.7 M | |
| Operating Income | -1.5 M | -1.4 M | |
| Net Loss | -1.5 M | -1.5 M | |
| Income Tax Expense | 1.00 | 0.95 | |
| Income Before Tax | -1.5 M | -1.6 M | |
| Total Other Income Expense Net | -13.6 K | -14.3 K | |
| Net Loss | -1.5 M | -1.6 M | |
| Net Loss | -2.9 M | -2.7 M | |
| Net Interest Income | -17.7 K | -16.8 K | |
| Interest Income | 2.5 K | 2.4 K | |
| Change To Netincome | 624.7 K | 655.9 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 1.06 | 1.11 | |
| Net Income Per E B T | 0.90 | 0.80 |
Midnight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Midnight Sun. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Midnight Sun position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Midnight Sun's important profitability drivers and their relationship over time.
Use Midnight Sun in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Midnight Sun position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Midnight Sun will appreciate offsetting losses from the drop in the long position's value.Midnight Sun Pair Trading
Midnight Sun Mining Pair Trading Analysis
The ability to find closely correlated positions to Midnight Sun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Midnight Sun when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Midnight Sun - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Midnight Sun Mining to buy it.
The correlation of Midnight Sun is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Midnight Sun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Midnight Sun Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Midnight Sun can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Midnight Sun position
In addition to having Midnight Sun in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Midnight Stock Analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.