Maple Payables Turnover vs Interest Coverage Analysis

MGM Stock  CAD 0.07  0.01  6.67%   
Maple Gold financial indicator trend analysis is infinitely more than just investigating Maple Gold Mines recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maple Gold Mines is a good investment. Please check the relationship between Maple Gold Payables Turnover and its Interest Coverage accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maple Gold Mines. 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.

Payables Turnover vs Interest Coverage

Payables Turnover vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Maple Gold Mines Payables Turnover account and Interest Coverage. At this time, the significance of the direction appears to have very week relationship.
The correlation between Maple Gold's Payables Turnover and Interest Coverage is 0.21. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Maple Gold Mines, assuming nothing else is changed. The correlation between historical values of Maple Gold's Payables Turnover and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Maple Gold Mines are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Payables Turnover i.e., Maple Gold's Payables Turnover and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Interest Coverage

Most indicators from Maple Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maple Gold Mines 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 Maple Gold Mines. 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 is likely to climb to about 5 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense100.7K112.1K175.1K121.7K
Depreciation And Amortization304.3K212.9K219.1K130.0K

Maple Gold fundamental ratios Correlations

0.070.091.00.850.550.850.1-0.06-0.26-0.060.710.280.040.30.290.10.26-0.110.10.31-0.33-0.41-0.11-0.32-0.2
0.070.760.0-0.16-0.15-0.160.42-0.490.210.18-0.120.280.25-0.090.720.440.13-0.390.40.27-0.190.230.240.240.26
0.090.760.0-0.24-0.34-0.240.62-0.240.41-0.13-0.130.080.03-0.10.950.630.19-0.60.610.22-0.060.610.240.450.38
1.00.00.00.880.570.880.05-0.04-0.3-0.050.710.260.030.310.20.050.23-0.070.050.28-0.32-0.47-0.12-0.36-0.22
0.85-0.16-0.240.880.751.0-0.420.09-0.57-0.010.810.340.080.50.0-0.420.180.4-0.420.28-0.42-0.65-0.4-0.59-0.53
0.55-0.15-0.340.570.750.75-0.550.13-0.90.450.590.440.40.46-0.18-0.520.190.54-0.570.33-0.61-0.59-0.76-0.92-0.88
0.85-0.16-0.240.881.00.75-0.420.09-0.57-0.010.810.340.080.50.0-0.420.180.4-0.420.28-0.42-0.65-0.4-0.59-0.53
0.10.420.620.05-0.42-0.55-0.42-0.330.67-0.22-0.34-0.25-0.22-0.350.50.990.01-0.991.0-0.080.330.550.650.620.72
-0.06-0.49-0.24-0.040.090.130.09-0.33-0.09-0.110.07-0.01-0.14-0.1-0.23-0.3-0.220.29-0.32-0.280.07-0.13-0.46-0.25-0.27
-0.260.210.41-0.3-0.57-0.9-0.570.67-0.09-0.43-0.46-0.46-0.39-0.530.270.63-0.11-0.680.68-0.260.580.480.750.890.94
-0.060.18-0.13-0.05-0.010.45-0.01-0.22-0.11-0.43-0.040.40.9-0.38-0.15-0.10.490.28-0.260.57-0.67-0.3-0.21-0.33-0.29
0.71-0.12-0.130.710.810.590.81-0.340.07-0.46-0.040.620.210.390.17-0.330.420.34-0.340.46-0.55-0.5-0.32-0.47-0.4
0.280.280.080.260.340.440.34-0.25-0.01-0.460.40.620.640.050.27-0.160.470.29-0.260.55-0.7-0.26-0.23-0.34-0.33
0.040.250.030.030.080.40.08-0.22-0.14-0.390.90.210.64-0.350.09-0.090.720.29-0.260.79-0.84-0.21-0.15-0.24-0.23
0.3-0.09-0.10.310.50.460.5-0.35-0.1-0.53-0.380.390.05-0.350.02-0.43-0.360.31-0.33-0.250.02-0.01-0.47-0.57-0.61
0.290.720.950.20.0-0.180.00.5-0.230.27-0.150.170.270.090.020.530.32-0.480.50.36-0.230.450.170.330.27
0.10.440.630.05-0.42-0.52-0.420.99-0.30.63-0.1-0.33-0.16-0.09-0.430.530.11-0.970.980.020.220.530.640.610.71
0.260.130.190.230.180.190.180.01-0.22-0.110.490.420.470.72-0.360.320.110.05-0.010.96-0.79-0.20.050.050.03
-0.11-0.39-0.6-0.070.40.540.4-0.990.29-0.680.280.340.290.290.31-0.48-0.970.05-0.990.15-0.39-0.55-0.6-0.59-0.7
0.10.40.610.05-0.42-0.57-0.421.0-0.320.68-0.26-0.34-0.26-0.26-0.330.50.98-0.01-0.99-0.110.360.550.660.640.73
0.310.270.220.280.280.330.28-0.08-0.28-0.260.570.460.550.79-0.250.360.020.960.15-0.11-0.89-0.28-0.04-0.09-0.1
-0.33-0.19-0.06-0.32-0.42-0.61-0.420.330.070.58-0.67-0.55-0.7-0.840.02-0.230.22-0.79-0.390.36-0.890.370.340.460.44
-0.410.230.61-0.47-0.65-0.59-0.650.55-0.130.48-0.3-0.5-0.26-0.21-0.010.450.53-0.2-0.550.55-0.280.370.310.490.42
-0.110.240.24-0.12-0.4-0.76-0.40.65-0.460.75-0.21-0.32-0.23-0.15-0.470.170.640.05-0.60.66-0.040.340.310.830.92
-0.320.240.45-0.36-0.59-0.92-0.590.62-0.250.89-0.33-0.47-0.34-0.24-0.570.330.610.05-0.590.64-0.090.460.490.830.93
-0.20.260.38-0.22-0.53-0.88-0.530.72-0.270.94-0.29-0.4-0.33-0.23-0.610.270.710.03-0.70.73-0.10.440.420.920.93
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Maple Gold Account Relationship Matchups

Maple Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8M21.5M22.3M11.2M4.6M4.3M
Other Current Liab800.4K446.7K2.6M583.9K1.2M1.0M
Total Current Liabilities2.3M2.2M4.3M1.5M1.4M2.0M
Total Stockholder Equity3.3M19.1M17.9M9.3M3.0M2.9M
Property Plant And Equipment Net555.1K563.7K242.9K515.5K272.3K258.6K
Retained Earnings(57.2M)(61.7M)(67.6M)(77.9M)(85.0M)(80.7M)
Non Current Assets Total555.1K563.7K242.9K515.5K272.3K258.6K
Cash And Short Term Investments4.1M20.0M21.9M9.8M3.5M6.2M
Net Receivables702.5K243.6K33.5K512.3K137.2K130.4K
Common Stock Shares Outstanding223.6M256.4M322.2M336.2M339.1M175.4M
Liabilities And Stockholders Equity5.8M21.5M22.3M11.2M4.6M4.3M
Non Current Liabilities Total230.0K285.4K130.2K391.3K118.5K112.5K
Other Current Assets475.7K725.3K160.8K410.4K657.7K595.4K
Other Stockholder Equity11.0M11.4M13.7M14.4M13.0M19.3M
Total Liab2.5M2.5M4.4M1.9M1.5M2.4M
Total Current Assets5.3M21.0M22.1M10.7M4.3M7.6M
Accumulated Other Comprehensive Income11.4M13.7M14.4M15.5M15.9M7.9M
Short Long Term Debt Total584.6K544.9K235.0K477.1K276.4K355.0K
Net Debt(3.5M)(19.5M)(21.7M)(9.3M)(3.1M)(3.3M)
Cash4.1M20.0M21.9M9.8M3.4M6.5M
Short Term Debt405.0K309.9K235.0K200.7K211.3K269.6K
Accounts Payable635.7K1.4M970.3K716.9K824.4K880.4K
Net Tangible Assets3.6M3.3M19.1M17.9M20.6M21.6M
Common Stock49.2M67.1M71.2M71.7M72.1M62.3M
Property Plant Equipment193.3K555.1K563.7K242.9K279.3K334.0K
Capital Lease Obligations584.6K504.9K195.0K437.1K502.7K362.4K
Net Invested Capital3.3M19.1M17.9M9.3M10.7M10.3M
Net Working Capital3.0M18.8M17.8M9.2M10.6M10.1M
Capital Stock49.2M67.1M71.2M71.7M82.4M67.2M

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