MTY Selling General Administrative vs Interest Income Analysis

MTY Stock  CAD 44.00  0.46  1.06%   
MTY Food financial indicator trend analysis is infinitely more than just investigating MTY Food Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MTY Food Group is a good investment. Please check the relationship between MTY Food Selling General Administrative and its Interest Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MTY Food Group. 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.

Selling General Administrative vs Interest Income

Selling General Administrative vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MTY Food Group Selling General Administrative account and Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MTY Food's Selling General Administrative and Interest Income is -0.07. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Interest Income in the same time period over historical financial statements of MTY Food Group, assuming nothing else is changed. The correlation between historical values of MTY Food's Selling General Administrative and 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 Selling General Administrative of MTY Food Group are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Selling General Administrative i.e., MTY Food's Selling General Administrative and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Selling General Administrative

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from MTY Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MTY Food Group 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 MTY Food Group. 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, MTY Food's Selling General Administrative is very stable compared to the past year. As of the 31st of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Tax Provision is likely to drop about 4.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit255.4M430.5M495.0M519.8M
Total Revenue716.5M1.2B1.3B1.4B

MTY Food fundamental ratios Correlations

0.980.10.990.980.90.920.970.990.861.00.640.860.790.770.570.990.960.38-0.031.00.890.990.890.980.36
0.980.060.990.930.890.970.920.980.830.980.740.830.860.740.510.990.950.35-0.070.990.890.990.950.940.4
0.10.060.150.19-0.040.180.130.150.20.1-0.120.190.290.280.020.03-0.010.27-0.060.06-0.060.06-0.080.21-0.02
0.990.990.150.970.880.950.960.990.870.990.680.880.840.770.560.990.940.41-0.10.990.880.990.910.970.38
0.980.930.190.970.830.880.990.970.860.980.560.860.760.820.610.950.90.33-0.060.960.830.950.80.990.39
0.90.89-0.040.880.830.770.870.880.710.890.460.720.590.520.520.920.980.320.280.911.00.910.880.82-0.04
0.920.970.180.950.880.770.840.940.780.920.810.780.950.760.430.920.850.3-0.20.930.760.930.910.90.53
0.970.920.130.960.990.870.840.970.880.970.510.880.710.790.670.950.930.39-0.030.960.870.950.810.970.3
0.990.980.150.990.970.880.940.970.880.990.640.890.830.780.570.980.950.36-0.060.990.880.990.890.970.38
0.860.830.20.870.860.710.780.880.880.850.531.00.730.740.620.840.80.47-0.280.850.710.890.710.870.39
1.00.980.10.990.980.890.920.970.990.850.630.860.790.770.570.990.950.38-0.031.00.890.980.890.980.36
0.640.74-0.120.680.560.460.810.510.640.530.630.530.850.550.260.650.540.11-0.520.660.450.680.820.570.66
0.860.830.190.880.860.720.780.880.891.00.860.530.720.740.620.840.80.47-0.270.850.720.890.720.870.39
0.790.860.290.840.760.590.950.710.830.730.790.850.720.740.370.780.690.22-0.390.790.590.820.830.770.62
0.770.740.280.770.820.520.760.790.780.740.770.550.740.740.430.720.630.22-0.330.740.520.740.610.810.56
0.570.510.020.560.610.520.430.670.570.620.570.260.620.370.430.550.550.4-0.170.550.520.580.480.570.11
0.990.990.030.990.950.920.920.950.980.840.990.650.840.780.720.550.970.390.01.00.920.990.920.960.33
0.960.95-0.010.940.90.980.850.930.950.80.950.540.80.690.630.550.970.340.160.970.980.970.910.90.14
0.380.350.270.410.330.320.30.390.360.470.380.110.470.220.220.40.390.34-0.170.390.320.380.270.420.0
-0.03-0.07-0.06-0.1-0.060.28-0.2-0.03-0.06-0.28-0.03-0.52-0.27-0.39-0.33-0.170.00.16-0.17-0.020.28-0.08-0.09-0.07-0.69
1.00.990.060.990.960.910.930.960.990.851.00.660.850.790.740.551.00.970.39-0.020.910.990.920.970.34
0.890.89-0.060.880.831.00.760.870.880.710.890.450.720.590.520.520.920.980.320.280.910.910.880.82-0.04
0.990.990.060.990.950.910.930.950.990.890.980.680.890.820.740.580.990.970.38-0.080.990.910.930.950.35
0.890.95-0.080.910.80.880.910.810.890.710.890.820.720.830.610.480.920.910.27-0.090.920.880.930.80.3
0.980.940.210.970.990.820.90.970.970.870.980.570.870.770.810.570.960.90.42-0.070.970.820.950.80.41
0.360.4-0.020.380.39-0.040.530.30.380.390.360.660.390.620.560.110.330.140.0-0.690.34-0.040.350.30.41
Click cells to compare fundamentals

MTY Food Account Relationship Matchups

MTY Food fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.9B2.3B2.7B3.1B3.2B
Short Long Term Debt Total540.7M1.0B834.3M1.1B1.2B1.3B
Other Current Liab21.4M11.9M138.8M2.6M3.0M2.9M
Total Current Liabilities369.6M358.5M435.5M440.6M506.7M532.0M
Total Stockholder Equity581.8M647.6M723.4M811.4M933.1M979.8M
Property Plant And Equipment Net85.8M77.5M250.6M294.5M338.7M355.6M
Net Debt975.0M773.0M1.0B708.5M814.7M855.5M
Retained Earnings286.5M360.0M402.9M479.4M551.3M578.8M
Accounts Payable111.4M119.5M155.0M147.6M169.7M178.2M
Cash44.3M61.2M59.5M58.9M67.7M71.1M
Non Current Assets Total1.8B1.7B2.1B2.4B2.8B2.9B
Non Currrent Assets Other9.1M772.5M637.8M265.0M304.8M320.0M
Cash And Short Term Investments50.7M44.3M61.2M59.5M68.4M71.8M
Net Receivables148.1M151.4M166.7M83.0M95.4M100.2M
Common Stock Shares Outstanding24.8M24.7M24.5M24.3M28.0M20.8M
Liabilities And Stockholders Equity1.6B2.0B1.9B2.3B2.7B2.8B
Non Current Liabilities Total1.1B897.2M1.2B1.4B1.6B1.7B
Inventory9.4M10.7M18.5M20.7M23.8M25.0M
Other Current Assets2.8M2.4M3.3M3.8M4.4M4.6M
Other Stockholder Equity(1.6M)(14.2M)(22.2M)4.9M4.4M5.0M
Total Liab1.4B1.3B1.6B1.9B2.1B2.3B
Property Plant And Equipment Gross85.8M94.9M273.1M331.9M381.7M400.8M
Total Current Assets211.4M233.5M264.7M281.1M323.2M339.4M
Accumulated Other Comprehensive Income509K(11.2M)(18.3M)12.9M11.6M12.2M
Short Term Debt4.6M127.8M115.1M124.0M142.6M149.7M
Intangible Assets864.0M820.3M1.0B1.1B1.3B1.3B
Current Deferred Revenue111.6M109.0M118.0M17.8M20.4M21.9M
Good Will439.5M428.4M529.5M719.2M827.1M868.4M
Common Stock310.9M306.4M306.0M302.8M348.2M365.6M
Other Liab196.4M170.1M178.0M213.4M245.4M128.2M
Net Tangible Assets(803.5M)(721.7M)(601.0M)(821.4M)(739.3M)(702.3M)
Other Assets9.4M386.4M319.1M224K257.6K244.7K
Long Term Debt447.7M347.6M551.4M756.9M870.5M914.0M
Short Long Term Debt12.9M13.1M9.5M10.4M9.4M7.9M
Property Plant Equipment21.4M85.8M77.5M250.6M288.2M302.6M
Long Term Debt Total536.1M891.5M719.2M951.8M1.1B1.1B
Capital Surpluse2.1M3.0M3.9M4.9M5.6M5.9M
Net Invested Capital1.0B1.0B1.3B1.6B1.8B1.2B

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MTY Food Group. 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Please note, there is a significant difference between MTY Food's value and its price as these two are different measures arrived at by different means. Investors typically determine if MTY Food is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MTY Food's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.