MeiraGTx Net Debt vs Cash And Short Term Investments Analysis

MGTX Stock

USD 6.28 0.03 0.48%

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

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MeiraGTx Holdings PLC Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between MeiraGTx Holdings' Net Debt and Cash And Short Term Investments is -0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of MeiraGTx Holdings PLC, assuming nothing else is changed. The correlation between historical values of MeiraGTx Holdings' Net Debt and Cash 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 Debt of MeiraGTx Holdings PLC are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., MeiraGTx Holdings' Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.88

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of MeiraGTx Holdings PLC balance sheet. This account contains MeiraGTx Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by MeiraGTx Holdings PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from MeiraGTx Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MeiraGTx Holdings PLC 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 MeiraGTx Holdings PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Tax Provision is likely to rise to about 519.3 K in 2024, whereas Selling General Administrative is likely to drop slightly above 39.6 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	7.9M	8.7M	13.7M	14.4M
Interest Income	212K	777K	2.2M	2.3M

Depreciation And Amortization Interest Income

MeiraGTx Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity
Total Assets		0.72	0.91	0.95	0.96	0.95	0.96	0.9	0.76	-0.71	-0.85	0.78	0.94	0.89	0.69	0.47	0.54	0.94	0.96	0.9	0.53	0.81	0.97	0.98	0.86	0.97
Short Long Term Debt Total	0.72		0.8	0.82	0.56	0.55	0.55	0.85	0.19	-0.08	-0.95	0.82	0.54	0.85	0.88	0.06	0.97	0.54	0.78	0.82	0.97	0.86	0.78	0.67	0.69	0.81
Other Current Liab	0.91	0.8		0.91	0.8	0.78	0.8	0.92	0.51	-0.45	-0.86	0.82	0.77	0.92	0.7	0.54	0.68	0.77	0.9	0.92	0.67	0.88	0.92	0.87	0.82	0.92
Total Current Liabilities	0.95	0.82	0.91		0.84	0.84	0.84	0.97	0.67	-0.49	-0.91	0.93	0.8	0.97	0.69	0.3	0.67	0.8	0.96	0.9	0.65	0.89	0.96	0.94	0.91	0.96
Total Stockholder Equity	0.96	0.56	0.8	0.84		0.94	1.0	0.78	0.81	-0.84	-0.73	0.63	0.97	0.77	0.59	0.56	0.36	0.97	0.9	0.81	0.36	0.63	0.9	0.94	0.81	0.9
Other Liab	0.95	0.55	0.78	0.84	0.94		0.94	0.74	0.81	-0.85	-0.68	0.61	0.97	0.74	0.59	0.47	0.33	0.97	0.83	0.78	0.34	0.73	0.85	0.97	0.69	0.84
Net Tangible Assets	0.96	0.55	0.8	0.84	1.0	0.94		0.77	0.82	-0.84	-0.73	0.62	0.97	0.77	0.58	0.56	0.35	0.97	0.89	0.8	0.35	0.62	0.9	0.93	0.81	0.89
Property Plant And Equipment Net	0.9	0.85	0.92	0.97	0.78	0.74	0.77		0.52	-0.35	-0.94	0.96	0.7	1.0	0.73	0.25	0.74	0.7	0.96	0.95	0.73	0.88	0.96	0.87	0.92	0.96
Current Deferred Revenue	0.76	0.19	0.51	0.67	0.81	0.81	0.82	0.52		-0.86	-0.38	0.45	0.82	0.51	0.11	0.48	-0.03	0.82	0.65	0.44	-0.05	0.41	0.66	0.78	0.63	0.63
Net Debt	-0.71	-0.08	-0.45	-0.49	-0.84	-0.85	-0.84	-0.35	-0.86		0.27	-0.18	-0.88	-0.34	-0.2	-0.61	0.14	-0.88	-0.54	-0.42	0.13	-0.29	-0.56	-0.72	-0.42	-0.54
Retained Earnings	-0.85	-0.95	-0.86	-0.91	-0.73	-0.68	-0.73	-0.94	-0.38	0.27		-0.89	-0.68	-0.93	-0.89	-0.17	-0.88	-0.68	-0.91	-0.9	-0.88	-0.83	-0.91	-0.79	-0.84	-0.92
Accounts Payable	0.78	0.82	0.82	0.93	0.63	0.61	0.62	0.96	0.45	-0.18	-0.89		0.54	0.96	0.66	0.11	0.73	0.54	0.88	0.85	0.71	0.83	0.87	0.76	0.89	0.87
Cash	0.94	0.54	0.77	0.8	0.97	0.97	0.97	0.7	0.82	-0.88	-0.68	0.54		0.7	0.58	0.54	0.34	1.0	0.83	0.75	0.34	0.66	0.85	0.93	0.68	0.84
Non Current Assets Total	0.89	0.85	0.92	0.97	0.77	0.74	0.77	1.0	0.51	-0.34	-0.93	0.96	0.7		0.73	0.24	0.74	0.7	0.96	0.95	0.73	0.88	0.96	0.86	0.92	0.96
Non Currrent Assets Other	0.69	0.88	0.7	0.69	0.59	0.59	0.58	0.73	0.11	-0.2	-0.89	0.66	0.58	0.73		0.08	0.84	0.58	0.71	0.8	0.87	0.74	0.71	0.63	0.55	0.75
Other Assets	0.47	0.06	0.54	0.3	0.56	0.47	0.56	0.25	0.48	-0.61	-0.17	0.11	0.54	0.24	0.08		-0.07	0.54	0.33	0.27	-0.07	0.19	0.37	0.43	0.36	0.36
Long Term Debt	0.54	0.97	0.68	0.67	0.36	0.33	0.35	0.74	-0.03	0.14	-0.88	0.73	0.34	0.74	0.84	-0.07		0.34	0.64	0.7	1.0	0.76	0.64	0.48	0.56	0.67
Cash And Short Term Investments	0.94	0.54	0.77	0.8	0.97	0.97	0.97	0.7	0.82	-0.88	-0.68	0.54	1.0	0.7	0.58	0.54	0.34		0.83	0.75	0.34	0.66	0.85	0.93	0.68	0.84
Common Stock Total Equity	0.96	0.78	0.9	0.96	0.9	0.83	0.89	0.96	0.65	-0.54	-0.91	0.88	0.83	0.96	0.71	0.33	0.64	0.83		0.95	0.63	0.8	1.0	0.91	0.92	1.0
Common Stock Shares Outstanding	0.9	0.82	0.92	0.9	0.81	0.78	0.8	0.95	0.44	-0.42	-0.9	0.85	0.75	0.95	0.8	0.27	0.7	0.75	0.95		0.7	0.86	0.95	0.87	0.83	0.95
Long Term Debt Total	0.53	0.97	0.67	0.65	0.36	0.34	0.35	0.73	-0.05	0.13	-0.88	0.71	0.34	0.73	0.87	-0.07	1.0	0.34	0.63	0.7		0.75	0.63	0.47	0.54	0.66
Non Current Liabilities Total	0.81	0.86	0.88	0.89	0.63	0.73	0.62	0.88	0.41	-0.29	-0.83	0.83	0.66	0.88	0.74	0.19	0.76	0.66	0.8	0.86	0.75		0.83	0.81	0.65	0.83
Capital Surpluse	0.97	0.78	0.92	0.96	0.9	0.85	0.9	0.96	0.66	-0.56	-0.91	0.87	0.85	0.96	0.71	0.37	0.64	0.85	1.0	0.95	0.63	0.83		0.92	0.91	1.0
Capital Lease Obligations	0.98	0.67	0.87	0.94	0.94	0.97	0.93	0.87	0.78	-0.72	-0.79	0.76	0.93	0.86	0.63	0.43	0.48	0.93	0.91	0.87	0.47	0.81	0.92		0.82	0.92
Other Current Assets	0.86	0.69	0.82	0.91	0.81	0.69	0.81	0.92	0.63	-0.42	-0.84	0.89	0.68	0.92	0.55	0.36	0.56	0.68	0.92	0.83	0.54	0.65	0.91	0.82		0.9
Other Stockholder Equity	0.97	0.81	0.92	0.96	0.9	0.84	0.89	0.96	0.63	-0.54	-0.92	0.87	0.84	0.96	0.75	0.36	0.67	0.84	1.0	0.95	0.66	0.83	1.0	0.92	0.9

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MeiraGTx Holdings Account Relationship Matchups

MeiraGTx Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	323.9M	363.7M	320.2M	318.2M	326.7M	247.2M
Short Long Term Debt Total	23.2M	22.2M	23.7M	92.2M	89.3M	93.7M
Other Current Liab	18.1M	44.4M	24.2M	42.6M	43.9M	24.9M
Total Current Liabilities	49.2M	54.1M	68.1M	82.1M	67.1M	50.0M
Total Stockholder Equity	190.8M	238.6M	185.4M	117.7M	138.2M	122.0M
Other Liab	62.4M	51.3M	46.3M	30.1M	34.6M	30.1M
Net Tangible Assets	190.8M	236.4M	183.6M	116.4M	133.9M	116.9M
Property Plant And Equipment Net	52.9M	87.1M	126.3M	154.1M	156.2M	84.7M
Current Deferred Revenue	25.7M	23.5M	21.8M	15.1M	2.9M	2.8M
Net Debt	(204.1M)	(187.3M)	(114.0M)	(23.3M)	(40.3M)	(42.3M)
Retained Earnings	(203.0M)	(261.0M)	(340.6M)	(470.2M)	(554.2M)	(526.5M)
Accounts Payable	3.8M	7.1M	15.3M	16.6M	16.0M	9.7M
Cash	227.2M	209.5M	137.7M	115.5M	129.6M	125.6M
Non Current Assets Total	54.9M	91.1M	136.9M	163.9M	167.1M	89.9M
Non Currrent Assets Other	1.3M	1.0M	1.2M	1.2M	3M	3.2M
Other Assets	2.0M	45.0M	2.2M	2.1M	2.5M	2.3M
Cash And Short Term Investments	227.2M	209.5M	137.7M	115.5M	129.6M	125.6M
Common Stock Total Equity	1.1K	1.4K	1.7K	2K	2.3K	1.4K
Common Stock Shares Outstanding	33.2M	37.7M	44.1M	45.2M	56.5M	36.2M
Long Term Debt Total	34.3K	7.1K	953K	71.3M	82.0M	86.1M
Liabilities And Stockholders Equity	323.9M	363.7M	320.2M	318.2M	326.7M	247.2M
Non Current Liabilities Total	83.9M	71.0M	66.6M	118.4M	121.5M	75.2M
Capital Surpluse	395.6M	504.5M	528.7M	581.9M	669.2M	357.9M
Capital Lease Obligations	23.2M	22.2M	23.7M	21.2M	17.1M	14.8M
Other Current Assets	2.0M	7.6M	10.5M	9.8M	6.6M	5.9M
Other Stockholder Equity	395.6M	504.5M	528.7M	581.9M	693.8M	408.3M
Total Liab	133.1M	125.1M	134.8M	200.5M	188.6M	125.2M
Property Plant And Equipment Gross	52.9M	44.0M	126.3M	154.1M	189.6M	199.0M
Total Current Assets	269.0M	272.6M	183.2M	154.3M	159.6M	157.3M
Accumulated Other Comprehensive Income	(1.8M)	(4.9M)	(2.7M)	6.0M	(1.4M)	(1.5M)
Non Current Liabilities Other	83.7M	70.8M	65.5M	46.9M	54.0M	42.0M
Short Term Debt	1.7M	2.6M	6.7M	7.8M	4.2M	3.4M
Common Stock	1.1K	1.4K	1.7K	2K	2.3K	1.5K
Property Plant Equipment	52.9M	44.0M	126.3M	109.3M	125.7M	131.9M
Net Invested Capital	190.8M	238.6M	185.4M	188.8M	210.3M	164.8M
Net Working Capital	219.8M	218.4M	115.1M	72.3M	92.5M	120.6M
Net Receivables	35.3M	38.5M	35.0M	29.0M	23.4M	30.4M
Retained Earnings Total Equity	(203.0M)	(261.0M)	(340.6M)	(470.2M)	(423.2M)	(444.3M)
Deferred Long Term Liab	777.7K	213.7K	783K	186K	167.4K	159.0K

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MeiraGTx Net Debt vs Cash And Short Term Investments Analysis

Net Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Cash And Short Term Investments

MeiraGTx Holdings fundamental ratios Correlations

MeiraGTx Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MeiraGTx Holdings fundamental ratios Accounts

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Additional Tools for MeiraGTx Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Long Term Debt Total	+ 1.0	Long Term Debt
Capital Surpluse	+ 1.0	Common Stock Total Equity
Other Stockholder Equity	+ 1.0	Common Stock Total Equity

Retained Earnings	- 0.95	Short Long Term Debt Total
Retained Earnings	- 0.94	Property Plant And Equipment Net
Non Current Assets Total	- 0.93	Retained Earnings
Other Stockholder Equity	- 0.92	Retained Earnings
Capital Surpluse	- 0.91	Retained Earnings
Common Stock Total Equity	- 0.91	Retained Earnings