Made Non Current Liabilities Total vs Other Liab Analysis

MTEC Stock   18.50  0.25  1.33%   
Made Tech financial indicator trend analysis is infinitely more than just investigating Made Tech Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Made Tech Group is a good investment. Please check the relationship between Made Tech Non Current Liabilities Total and its Other Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Made Tech Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Liabilities Total vs Other Liab

Non Current Liabilities Total vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Made Tech Group Non Current Liabilities Total account and Other Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Made Tech's Non Current Liabilities Total and Other Liab is -0.69. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Liab in the same time period over historical financial statements of Made Tech Group, assuming nothing else is changed. The correlation between historical values of Made Tech's Non Current Liabilities Total and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Made Tech Group are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Non Current Liabilities Total i.e., Made Tech's Non Current Liabilities Total and Other Liab go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Non Current Liabilities Total

Other Liab

Most indicators from Made Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Made Tech 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 Made Tech Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Made Tech's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 15.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense29K14K16.1K24.2K
Depreciation And Amortization308K417K479.6K271.3K

Made Tech fundamental ratios Correlations

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-0.74-0.65-0.47-0.81-0.69-0.810.56-0.390.760.53-0.57-0.7-0.76-0.7-0.6-0.551.00.59-0.11-0.31-0.35-0.79-0.67-0.790.52
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0.71-0.550.790.540.720.830.65-0.770.56-0.49-0.670.480.510.810.510.61-0.55-0.690.250.260.510.720.550.660.11
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-0.960.59-0.97-0.92-0.93-0.9-0.90.83-0.930.840.98-0.86-0.83-0.93-0.83-0.94-0.690.620.17-0.7-0.91-0.94-0.88-0.91-0.34
-0.21-0.110.04-0.49-0.140.26-0.26-0.35-0.40.420.12-0.57-0.450.11-0.45-0.330.25-0.040.17-0.81-0.51-0.15-0.41-0.26-0.38
0.73-0.310.550.870.670.350.74-0.210.79-0.81-0.650.910.810.480.810.760.26-0.39-0.7-0.810.880.680.80.750.44
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1.0-0.790.950.871.00.880.99-0.750.81-0.94-0.920.880.90.960.90.910.72-0.82-0.94-0.150.680.820.920.990.09
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0.99-0.790.90.880.990.811.0-0.660.8-0.97-0.880.920.940.910.940.910.66-0.83-0.91-0.260.750.830.990.940.06
0.160.520.240.390.050.110.03-0.110.45-0.02-0.370.230.040.090.040.230.110.48-0.34-0.380.440.520.090.110.06
Click cells to compare fundamentals

Made Tech Account Relationship Matchups

Made Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.3M4.2M21.2M20.2M23.2M24.4M
Short Long Term Debt Total625K1.7M320K140K126K119.7K
Other Current Liab80K924K1.5M3.1M3.6M3.7M
Total Current Liabilities1.6M3.6M6.2M4.9M5.6M3.7M
Total Stockholder Equity1.2M(787K)14.8M15.2M17.5M18.4M
Net Tangible Assets1.2M(787K)12.9M10.2M11.7M12.3M
Property Plant And Equipment Net758K755K879K499K449.1K594.7K
Net Debt(361K)803K(12.0M)(8.3M)(7.5M)(7.1M)
Retained Earnings1.2M(788K)(1.1M)(2.7M)(2.4M)(2.3M)
Accounts Payable416K747K2.7M1.6M1.9M1.3M
Cash986K922K12.3M8.5M9.7M5.3M
Non Current Assets Total758K755K2.8M5.5M6.3M6.7M
Cash And Short Term Investments986K922K12.3M8.5M9.7M5.3M
Net Receivables1.5M2.5M6.1M6.2M7.1M3.7M
Liabilities And Stockholders Equity3.3M4.2M21.2M20.2M23.2M24.4M
Non Current Liabilities Total500K1.4M160K92K82.8K78.7K
Capital Lease Obligations625K475K320K140K126K119.7K
Inventory(1.5M)(2.5M)(6.1M)1.00.90.95
Other Current Assets1.5M2.5M6.1M1.9M2.2M2.7M
Total Liab2.1M5.0M6.4M5.0M5.7M4.4M
Net Invested Capital1.2M463K14.8M15.2M17.5M18.4M
Total Current Assets2.5M3.5M18.4M14.7M16.9M8.9M
Net Working Capital913K(145K)12.2M9.8M11.3M11.8M
Short Term Debt150K328K180K140K161K207.5K
Property Plant Equipment758K755K879K499K449.1K594.7K

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