McEwen Net Invested Capital vs Short Term Investments Analysis

MUX Stock

USD 11.33 0.73 6.89%

McEwen Mining financial indicator trend analysis is infinitely more than just investigating McEwen Mining recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McEwen Mining is a good investment. Please check the relationship between McEwen Mining Net Invested Capital and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McEwen Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.

Net Invested Capital vs Short Term Investments

Net Invested Capital vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McEwen Mining Net Invested Capital account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between McEwen Mining's Net Invested Capital and Short Term Investments is -0.35. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of McEwen Mining, assuming nothing else is changed. The correlation between historical values of McEwen Mining's Net Invested Capital 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 McEwen Mining are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Invested Capital i.e., McEwen Mining's Net Invested Capital and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Invested Capital

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

Short Term Investments

Short Term Investments is an item under the current assets section of McEwen Mining balance sheet. It contains any investments McEwen Mining undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that McEwen Mining can easily liquidate in the marketplace.

Most indicators from McEwen Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McEwen Mining 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 McEwen Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.At this time, McEwen Mining's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 52.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 8.9 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	46.7M	97.7M	98.1M	103.0M
Cost Of Revenue	143.0M	111.0M	172.4M	181.1M

Total Operating Expenses Cost Of Revenue

McEwen Mining fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Non Current Liabilities Total	Other Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab	Other Assets
Total Assets		0.17	0.98	0.86	-0.35	-0.23	0.63	1.0	0.29	0.6	0.32	0.44	-0.01	-0.1	0.86	0.51	0.01	-0.03	0.86	0.11	0.15	0.12	0.61	0.62	0.06	-0.05
Total Current Liabilities	0.17		0.05	0.23	0.46	-0.77	0.45	0.11	0.48	0.42	-0.22	0.74	0.63	0.35	0.39	0.6	0.8	0.65	0.06	0.42	0.63	0.89	0.62	0.66	0.61	0.23
Total Stockholder Equity	0.98	0.05		0.85	-0.44	-0.17	0.57	0.98	0.21	0.56	0.35	0.36	-0.03	-0.16	0.74	0.49	-0.12	-0.13	0.78	0.01	0.05	0.05	0.57	0.59	0.04	-0.08
Property Plant And Equipment Net	0.86	0.23	0.85		-0.38	-0.07	0.67	0.85	0.07	0.63	0.35	0.22	-0.04	0.03	0.7	0.57	0.06	0.15	0.68	-0.2	0.22	0.28	0.37	0.44	-0.07	0.06
Net Debt	-0.35	0.46	-0.44	-0.38		-0.51	-0.44	-0.35	0.45	-0.48	-0.55	0.43	0.35	0.29	-0.04	-0.26	0.78	0.58	-0.21	0.39	0.25	0.36	0.26	0.22	0.54	0.34
Retained Earnings	-0.23	-0.77	-0.17	-0.07	-0.51		-0.23	-0.19	-0.49	-0.23	0.1	-0.95	-0.59	-0.36	-0.29	-0.43	-0.65	-0.51	-0.03	-0.48	-0.31	-0.66	-0.9	-0.9	-0.83	-0.21
Cash	0.63	0.45	0.57	0.67	-0.44	-0.23		0.57	0.15	0.99	0.23	0.34	0.19	0.2	0.61	0.85	0.21	0.26	0.5	-0.04	0.37	0.5	0.39	0.45	0.15	-0.08
Non Current Assets Total	1.0	0.11	0.98	0.85	-0.35	-0.19	0.57		0.27	0.54	0.33	0.41	-0.08	-0.12	0.85	0.44	-0.03	-0.07	0.88	0.09	0.12	0.06	0.58	0.59	0.01	-0.05
Non Currrent Assets Other	0.29	0.48	0.21	0.07	0.45	-0.49	0.15	0.27		0.15	-0.37	0.59	0.49	0.22	0.47	0.27	0.53	0.35	0.33	0.65	0.27	0.46	0.54	0.49	0.51	0.26
Cash And Short Term Investments	0.6	0.42	0.56	0.63	-0.48	-0.23	0.99	0.54	0.15		0.21	0.32	0.25	0.16	0.56	0.89	0.15	0.21	0.45	-0.02	0.32	0.49	0.38	0.44	0.17	-0.11
Net Receivables	0.32	-0.22	0.35	0.35	-0.55	0.1	0.23	0.33	-0.37	0.21		-0.05	-0.33	0.2	0.16	0.12	-0.42	-0.09	0.24	-0.1	-0.08	-0.26	0.03	0.08	-0.45	-0.04
Common Stock Shares Outstanding	0.44	0.74	0.36	0.22	0.43	-0.95	0.34	0.41	0.59	0.32	-0.05		0.46	0.33	0.53	0.43	0.63	0.45	0.3	0.52	0.32	0.58	0.96	0.94	0.74	0.16
Inventory	-0.01	0.63	-0.03	-0.04	0.35	-0.59	0.19	-0.08	0.49	0.25	-0.33	0.46		0.08	0.02	0.61	0.5	0.4	-0.22	0.49	0.48	0.64	0.43	0.47	0.67	0.27
Other Stockholder Equity	-0.1	0.35	-0.16	0.03	0.29	-0.36	0.2	-0.12	0.22	0.16	0.2	0.33	0.08		0.1	0.15	0.47	0.74	-0.02	0.13	-0.07	0.5	0.19	0.23	0.26	0.65
Total Liab	0.86	0.39	0.74	0.7	-0.04	-0.29	0.61	0.85	0.47	0.56	0.16	0.53	0.02	0.1		0.43	0.34	0.22	0.94	0.37	0.35	0.24	0.58	0.57	0.07	0.09
Total Current Assets	0.51	0.6	0.49	0.57	-0.26	-0.43	0.85	0.44	0.27	0.89	0.12	0.43	0.61	0.15	0.43		0.3	0.34	0.24	0.14	0.39	0.7	0.49	0.58	0.39	0.0
Short Long Term Debt Total	0.01	0.8	-0.12	0.06	0.78	-0.65	0.21	-0.03	0.53	0.15	-0.42	0.63	0.5	0.47	0.34	0.3		0.84	0.08	0.34	0.54	0.75	0.46	0.48	0.61	0.33
Other Current Liab	-0.03	0.65	-0.13	0.15	0.58	-0.51	0.26	-0.07	0.35	0.21	-0.09	0.45	0.4	0.74	0.22	0.34	0.84		0.0	0.13	0.38	0.71	0.31	0.37	0.44	0.46
Non Current Liabilities Total	0.86	0.06	0.78	0.68	-0.21	-0.03	0.5	0.88	0.33	0.45	0.24	0.3	-0.22	-0.02	0.94	0.24	0.08	0.0		0.25	0.16	-0.06	0.39	0.37	-0.15	0.01
Other Current Assets	0.11	0.42	0.01	-0.2	0.39	-0.48	-0.04	0.09	0.65	-0.02	-0.1	0.52	0.49	0.13	0.37	0.14	0.34	0.13	0.25		0.22	0.24	0.43	0.39	0.36	0.34
Short Term Debt	0.15	0.63	0.05	0.22	0.25	-0.31	0.37	0.12	0.27	0.32	-0.08	0.32	0.48	-0.07	0.35	0.39	0.54	0.38	0.16	0.22		0.39	0.25	0.28	0.16	-0.02
Accounts Payable	0.12	0.89	0.05	0.28	0.36	-0.66	0.5	0.06	0.46	0.49	-0.26	0.58	0.64	0.5	0.24	0.7	0.75	0.71	-0.06	0.24	0.39		0.49	0.57	0.66	0.34
Common Stock Total Equity	0.61	0.62	0.57	0.37	0.26	-0.9	0.39	0.58	0.54	0.38	0.03	0.96	0.43	0.19	0.58	0.49	0.46	0.31	0.39	0.43	0.25	0.49		0.99	0.7	0.11
Common Stock	0.62	0.66	0.59	0.44	0.22	-0.9	0.45	0.59	0.49	0.44	0.08	0.94	0.47	0.23	0.57	0.58	0.48	0.37	0.37	0.39	0.28	0.57	0.99		0.69	0.14
Other Liab	0.06	0.61	0.04	-0.07	0.54	-0.83	0.15	0.01	0.51	0.17	-0.45	0.74	0.67	0.26	0.07	0.39	0.61	0.44	-0.15	0.36	0.16	0.66	0.7	0.69		0.22
Other Assets	-0.05	0.23	-0.08	0.06	0.34	-0.21	-0.08	-0.05	0.26	-0.11	-0.04	0.16	0.27	0.65	0.09	0.0	0.33	0.46	0.01	0.34	-0.02	0.34	0.11	0.14	0.22

Click cells to compare fundamentals

McEwen Mining Account Relationship Matchups

McEwen Mining fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	631.2M	499.9M	525.3M	528.7M	659.5M	692.5M
Total Current Liabilities	48.8M	45.6M	52.4M	84.2M	30.0M	31.5M
Total Stockholder Equity	499.5M	365.3M	375.2M	322.8M	502.4M	527.5M
Property Plant And Equipment Net	418.8M	329.1M	342.3M	346.3M	170.0M	164.6M
Net Debt	10.2M	32.8M	(1.0M)	26.6M	19.2M	20.2M
Retained Earnings	(1.0B)	(1.2B)	(1.2B)	(1.3B)	(1.3B)	(1.2B)
Cash	46.5M	20.8M	54.3M	39.8M	23.0M	17.2M
Non Current Assets Total	539.2M	446.4M	440.3M	447.1M	606.9M	637.2M
Non Currrent Assets Other	10.3M	9.0M	7.1M	7.3M	10.8M	11.3M
Cash And Short Term Investments	48.3M	20.8M	56.1M	40.9M	24.8M	18.8M
Net Receivables	2.7M	5.7M	10.6M	2.9M	2.5M	3.4M
Common Stock Shares Outstanding	36.2M	40.3M	45.5M	47.4M	47.5M	49.9M
Liabilities And Stockholders Equity	631.2M	499.9M	525.3M	528.7M	659.5M	692.5M
Inventory	38.4M	27.0M	15.8M	31.7M	19.9M	16.5M
Other Stockholder Equity	18.2M	65.3M	1.6B	33.5M	30.1M	31.6M
Total Liab	131.7M	134.6M	135.4M	172.4M	157.1M	165.0M
Total Current Assets	92.0M	53.5M	85.0M	81.7M	52.7M	31.5M
Short Long Term Debt Total	56.6M	53.7M	53.3M	66.4M	42.3M	21.8M
Other Current Liab	36.7M	43.1M	49.5M	24.3M	4.0M	7.9M
Non Current Liabilities Total	82.9M	89.1M	83.0M	88.3M	127.1M	133.5M
Other Current Assets	2.6M	5.7M	2.6M	6.0M	5.4M	5.7M
Short Term Debt	12.1M	2.4M	2.9M	11.2M	1.8M	3.0M
Accounts Payable	34.1M	36.1M	39.6M	42.5M	22.7M	12.1M
Common Stock Total Equity	1.5B	1.5B	1.6B	1.6B	1.9B	2.0B
Common Stock	1.5B	1.5B	1.6B	1.6B	1.8B	1.7B
Other Liab	38.4M	37.8M	32.6M	33.1M	38.1M	40.0M
Other Assets	10.3M	117.3M	(1K)	7.3M	1.0	0.95
Long Term Debt	39.5M	24.1M	48.9M	54.0M	40M	42M
Property Plant Equipment	418.8M	4.8M	342.3M	2.4M	2.8M	2.7M
Short Term Investments	1.9M	108.3M	1.8M	1.1M	1.7M	1.7M
Net Tangible Assets	499.5M	365.3M	375.2M	322.8M	290.5M	351.9M
Retained Earnings Total Equity	(1.0B)	(1.2B)	(1.2B)	(1.3B)	(1.2B)	(1.2B)
Deferred Long Term Liab	8.4M	6.4M	4.9M	3.8M	3.4M	3.3M
Non Current Liabilities Other	3.9M	61.2M	34.1M	34.3M	3.8M	3.6M
Long Term Investments	110.2M	108.3M	91.0M	93.5M	419.4M	440.3M
Current Deferred Revenue	(34.1M)	(36.1M)	(39.6M)	6.2M	1.6M	1.7M
Long Term Debt Total	39.5M	24.1M	48.9M	54.0M	62.1M	65.2M

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When determining whether McEwen Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McEwen Mining's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcewen Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcewen Mining Stock:

How To Invest In McEwen

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Is McEwen Stock a good investment?

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What is McEwen Mining's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McEwen Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy McEwen Stock please use our How to Invest in McEwen Mining guide.

You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running McEwen Mining's price analysis, check to measure McEwen Mining'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 McEwen Mining is operating at the current time. Most of McEwen Mining's value examination focuses on studying past and present price action to predict the probability of McEwen Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McEwen Mining's price. Additionally, you may evaluate how the addition of McEwen Mining to your portfolios can decrease your overall portfolio volatility.

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Is McEwen Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McEwen Mining. If investors know McEwen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McEwen Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

1.66

Revenue Per Share

3.595

Quarterly Revenue Growth

0.186

Return On Assets

(0.07)

Return On Equity

0.0996

The market value of McEwen Mining is measured differently than its book value, which is the value of McEwen that is recorded on the company's balance sheet. Investors also form their own opinion of McEwen Mining's value that differs from its market value or its book value, called intrinsic value, which is McEwen Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McEwen Mining's market value can be influenced by many factors that don't directly affect McEwen Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between McEwen Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if McEwen Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McEwen Mining'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.

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McEwen Net Invested Capital vs Short Term Investments Analysis

Net Invested Capital vs Short Term Investments

Net Invested Capital vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Invested Capital

Short Term Investments

McEwen Mining fundamental ratios Correlations

McEwen Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

McEwen Mining fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Common Stock	+ 0.99	Common Stock Total Equity
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Common Stock Total Equity	+ 0.96	Common Stock Shares Outstanding

Common Stock Shares Outstanding	- 0.95	Retained Earnings
Common Stock	- 0.9	Retained Earnings
Common Stock Total Equity	- 0.9	Retained Earnings
Other Liab	- 0.83	Retained Earnings
Retained Earnings	- 0.77	Total Current Liabilities
Accounts Payable	- 0.66	Retained Earnings