Mainstreet Common Stock vs Cash And Short Term Investments Analysis
MEQ Stock | CAD 168.81 0.69 0.41% |
Mainstreet Equity financial indicator trend analysis is infinitely more than just investigating Mainstreet Equity Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mainstreet Equity Corp is a good investment. Please check the relationship between Mainstreet Equity Common Stock 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 Mainstreet Equity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Common Stock vs Cash And Short Term Investments
Common Stock 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 Mainstreet Equity Corp Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mainstreet Equity's Common Stock and Cash And Short Term Investments is -0.51. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Mainstreet Equity Corp, assuming nothing else is changed. The correlation between historical values of Mainstreet Equity's Common Stock 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 Common Stock of Mainstreet Equity Corp 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 Common Stock i.e., Mainstreet Equity's Common Stock and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.51 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Mainstreet Equity Corp balance sheet. This account contains Mainstreet Equity investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mainstreet Equity Corp 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 Mainstreet Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mainstreet Equity Corp 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 Mainstreet Equity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Mainstreet Equity's Selling General Administrative is very stable compared to the past year. As of the 28th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Discontinued Operations is likely to drop (185.2 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 109.7M | 131.3M | 151.0M | 158.6M | Total Revenue | 180.6M | 210.0M | 241.5M | 253.6M |
Mainstreet Equity fundamental ratios Correlations
Click cells to compare fundamentals
Mainstreet Equity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mainstreet Equity fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.7B | 2.9B | 3.2B | 3.6B | 3.8B | |
Total Current Liabilities | 111.3M | 96.6M | 128.1M | 164.9M | 189.7M | 199.2M | |
Net Debt | 1.1B | 1.3B | 1.4B | 1.5B | 1.7B | 1.8B | |
Retained Earnings | 840.6M | 1.1B | 1.2B | 1.3B | 1.5B | 1.6B | |
Cash | 38.5M | 19.2M | 44.6M | 81.8M | 94.0M | 98.7M | |
Non Currrent Assets Other | 2.0B | 2.2B | 2.6B | 2.8B | 3.2B | 3.4B | |
Net Receivables | 1.4M | 1.2M | 1.5M | 406K | 466.9K | 443.6K | |
Common Stock Shares Outstanding | 9.4M | 9.3M | 9.3M | 9.3M | 10.7M | 11.1M | |
Liabilities And Stockholders Equity | 2.1B | 2.2B | 2.7B | 2.9B | 3.3B | 3.5B | |
Total Liab | 1.4B | 1.6B | 1.7B | 1.8B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 6.6M | 11.5M | 12.6M | 12.8M | 11.5M | 10.9M | |
Total Current Assets | 46.1M | 50.5M | 67.2M | 105.4M | 121.2M | 127.2M | |
Other Current Liab | 5.7M | 6.7M | 7.4M | 7.0M | 8.1M | 5.9M | |
Total Stockholder Equity | 867.1M | 1.1B | 1.2B | 1.3B | 1.5B | 1.6B | |
Property Plant And Equipment Net | 6.6M | 6.8M | 7.3M | 7.0M | 6.3M | 6.0M | |
Accounts Payable | 8.4M | 7.5M | 8.3M | 9.4M | 10.8M | 11.3M | |
Non Current Assets Total | 2.2B | 2.6B | 2.8B | 3.1B | 3.5B | 3.7B | |
Cash And Short Term Investments | 70K | 38.5M | 19.2M | 44.6M | 51.2M | 53.8M | |
Non Current Liabilities Total | 1.3B | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Current Assets | 5.4M | 5.2M | 5.8M | 6.7M | 7.7M | 4.3M | |
Short Long Term Debt Total | 1.1B | 1.2B | 1.4B | 1.4B | 1.6B | 1.7B | |
Short Term Debt | 177.5M | 97.1M | 82.4M | 112.4M | 129.2M | 86.0M | |
Common Stock | 26.6M | 26.5M | 26.5M | 26.4M | 23.8M | 21.2M | |
Current Deferred Revenue | 6.0M | 5.7M | 6.7M | 7.4M | 8.5M | 5.7M | |
Inventory | 994K | 24.2M | 14.4M | 13.8M | 12.4M | 9.9M | |
Other Liab | 165.9M | 177.6M | 210.9M | 233.6M | 268.6M | 174.2M | |
Net Tangible Assets | 799.2M | 865.7M | 1.1B | 1.2B | 1.4B | 875.4M | |
Long Term Debt | 1.1B | 1.3B | 1.3B | 1.4B | 1.6B | 1.0B | |
Short Long Term Debt | 97.1M | 82.4M | 112.4M | 147.0M | 169.1M | 96.8M | |
Property Plant Equipment | 2.0B | 2.2B | 2.6B | 2.8B | 3.2B | 1.9B | |
Intangible Assets | 1.1M | 1.4M | 1.2M | 1.0M | 1.2M | 848.4K | |
Long Term Debt Total | 898.6M | 1.1B | 1.3B | 1.3B | 1.5B | 1.1B | |
Net Invested Capital | 2.0B | 2.4B | 2.6B | 2.9B | 3.3B | 2.4B | |
Net Working Capital | (65.1M) | (46.1M) | (60.9M) | (59.6M) | (53.6M) | (56.3M) | |
Capital Stock | 26.5M | 26.5M | 26.4M | 26.4M | 30.4M | 28.7M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mainstreet Equity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running Mainstreet Equity's price analysis, check to measure Mainstreet Equity'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 Mainstreet Equity is operating at the current time. Most of Mainstreet Equity's value examination focuses on studying past and present price action to predict the probability of Mainstreet Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mainstreet Equity's price. Additionally, you may evaluate how the addition of Mainstreet Equity to your portfolios can decrease your overall portfolio volatility.
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