Mountain Accounts Payable vs Common Stock Shares Outstanding Analysis

MTB Stock  CAD 0.04  0.01  12.50%   
Mountain Boy financial indicator trend analysis is infinitely more than just investigating Mountain Boy Minerals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mountain Boy Minerals is a good investment. Please check the relationship between Mountain Boy Accounts Payable and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mountain Boy Minerals. 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.

Accounts Payable vs Common Stock Shares Outstanding

Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mountain Boy Minerals Accounts Payable account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Mountain Boy's Accounts Payable and Common Stock Shares Outstanding is 0.51. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Mountain Boy Minerals, assuming nothing else is changed. The correlation between historical values of Mountain Boy's Accounts Payable and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Mountain Boy Minerals are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Mountain Boy's Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Mountain Boy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mountain Boy Minerals are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Mountain Boy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mountain Boy Minerals 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 Mountain Boy Minerals. 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, Mountain Boy's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 9.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 713.4 K in 2024.

Mountain Boy fundamental ratios Correlations

-0.010.210.990.98-0.21-0.840.550.250.98-0.350.210.720.9-0.20.560.26-0.310.72-0.680.280.420.750.560.770.73
-0.010.9-0.08-0.15-0.2-0.10.010.19-0.15-0.350.720.05-0.16-0.130.520.710.470.28-0.12-0.290.57-0.06-0.22-0.08-0.21
0.210.90.130.04-0.45-0.280.390.450.04-0.320.830.280.05-0.170.620.840.40.4-0.24-0.190.660.11-0.130.1-0.06
0.99-0.080.130.99-0.19-0.810.540.220.99-0.370.160.740.93-0.240.480.21-0.380.65-0.620.360.360.790.620.810.77
0.98-0.150.040.99-0.08-0.810.470.121.0-0.270.020.690.91-0.10.480.07-0.340.67-0.670.310.310.720.560.750.74
-0.21-0.2-0.45-0.19-0.080.22-0.76-1.0-0.080.26-0.68-0.27-0.040.31-0.31-0.680.17-0.220.10.01-0.39-0.29-0.15-0.23-0.13
-0.84-0.1-0.28-0.81-0.810.22-0.49-0.24-0.810.31-0.25-0.53-0.720.14-0.7-0.280.03-0.740.81-0.04-0.39-0.66-0.33-0.68-0.62
0.550.010.390.540.47-0.76-0.490.770.47-0.280.440.690.51-0.30.410.48-0.290.4-0.250.340.410.620.480.640.53
0.250.190.450.220.12-1.0-0.240.770.12-0.280.670.310.08-0.310.310.68-0.190.23-0.110.010.420.30.160.240.14
0.98-0.150.040.991.0-0.08-0.810.470.12-0.270.020.690.92-0.10.470.07-0.340.67-0.670.310.310.720.560.750.74
-0.35-0.35-0.32-0.37-0.270.260.31-0.28-0.28-0.27-0.41-0.61-0.480.8-0.02-0.440.35-0.01-0.18-0.54-0.52-0.61-0.52-0.61-0.54
0.210.720.830.160.02-0.68-0.250.440.670.02-0.410.20.02-0.490.511.00.090.32-0.16-0.150.60.220.010.15-0.02
0.720.050.280.740.69-0.27-0.530.690.310.69-0.610.20.86-0.420.180.26-0.40.28-0.120.650.460.730.630.790.7
0.9-0.160.050.930.91-0.04-0.720.510.080.92-0.480.020.86-0.340.240.08-0.420.43-0.380.590.370.790.660.850.81
-0.2-0.13-0.17-0.24-0.10.310.14-0.3-0.31-0.10.8-0.49-0.42-0.340.13-0.510.520.15-0.33-0.59-0.3-0.6-0.56-0.56-0.48
0.560.520.620.480.48-0.31-0.70.410.310.47-0.020.510.180.240.130.520.280.93-0.84-0.390.520.280.020.30.19
0.260.710.840.210.07-0.68-0.280.480.680.07-0.441.00.260.08-0.510.520.060.34-0.17-0.10.620.280.070.220.05
-0.310.470.4-0.38-0.340.170.03-0.29-0.19-0.340.350.09-0.4-0.420.520.280.060.08-0.2-0.580.04-0.47-0.76-0.46-0.48
0.720.280.40.650.67-0.22-0.740.40.230.67-0.010.320.280.430.150.930.340.08-0.88-0.280.540.330.130.380.29
-0.68-0.12-0.24-0.62-0.670.10.81-0.25-0.11-0.67-0.18-0.16-0.12-0.38-0.33-0.84-0.17-0.2-0.880.44-0.24-0.240.02-0.26-0.23
0.28-0.29-0.190.360.310.01-0.040.340.010.31-0.54-0.150.650.59-0.59-0.39-0.1-0.58-0.280.440.040.670.780.690.72
0.420.570.660.360.31-0.39-0.390.410.420.31-0.520.60.460.37-0.30.520.620.040.54-0.240.040.230.060.310.13
0.75-0.060.110.790.72-0.29-0.660.620.30.72-0.610.220.730.79-0.60.280.28-0.470.33-0.240.670.230.870.980.97
0.56-0.22-0.130.620.56-0.15-0.330.480.160.56-0.520.010.630.66-0.560.020.07-0.760.130.020.780.060.870.850.88
0.77-0.080.10.810.75-0.23-0.680.640.240.75-0.610.150.790.85-0.560.30.22-0.460.38-0.260.690.310.980.850.97
0.73-0.21-0.060.770.74-0.13-0.620.530.140.74-0.54-0.020.70.81-0.480.190.05-0.480.29-0.230.720.130.970.880.97
Click cells to compare fundamentals

Mountain Boy Account Relationship Matchups

Mountain Boy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.1M20.4M22.4M24.7M28.4M29.8M
Other Current Liab399.1K24.3K34.4K31.5K36.3K34.5K
Total Current Liabilities915.9K163.5K151.0K357.9K411.6K393.5K
Total Stockholder Equity17.0M17.7M19.5M21.3M24.5M25.7M
Property Plant And Equipment Net16.9M19.3M21.6M23.9M27.4M28.8M
Net Debt(3.3M)(191.6K)(306.6K)(202.4K)(182.1K)(191.2K)
Retained Earnings(17.4M)(16.9M)(18.5M)(21.2M)(19.0M)(18.1M)
Accounts Payable516.8K139.3K116.5K326.3K375.3K206.5K
Cash3.3M191.6K306.6K202.4K232.7K403.5K
Non Current Assets Total17.0M19.4M21.8M24.1M27.7M29.1M
Non Currrent Assets Other156.0K166.3K194.8K211.6K243.3K231.2K
Cash And Short Term Investments4.0M908.8K526.2K324.9K373.6K716.3K
Net Receivables87.4K45.4K30.1K140.0K126.0K132.3K
Common Stock Shares Outstanding41.8M54.0M67.0M99.9M114.9M120.6M
Liabilities And Stockholders Equity21.1M20.4M22.4M24.7M28.4M29.8M
Other Stockholder Equity4.8M4.9M5.4M6.2M7.2M12.9M
Total Liab4.1M2.7M2.9M3.4M3.9M2.6M
Total Current Assets4.1M986.1K673.5K600.0K690.0K807.3K
Short Term Investments696.4K717.2K219.6K122.5K140.9K133.9K
Non Current Liabilities Total3.2M2.6M2.8M3.0M3.5M3.0M
Other Current Assets38.0K31.9K117.2K135.1K155.3K87.9K
Other Liab3.1M3.2M2.6M2.8M3.2M3.2M
Net Tangible Assets11.8M17.0M17.7M19.5M22.5M14.7M
Other Assets121.0K156.0K166.3K194.8K224.0K144.8K
Common Stock29.6M29.7M32.6M36.2M41.7M28.3M
Property Plant Equipment14.3M16.9M19.3M21.6M24.8M17.0M
Net Invested Capital17.0M17.7M19.5M21.3M24.5M17.6M
Net Working Capital3.2M822.6K522.5K242.1K217.9K207.0K
Capital Stock29.6M29.7M32.6M36.2M41.7M32.4M

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mountain Boy Minerals. 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.
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Please note, there is a significant difference between Mountain Boy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mountain Boy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mountain Boy'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.