Rio2 Stock Current Liabilities

RIO Stock  CAD 0.68  0.02  3.03%   
Rio2 fundamentals help investors to digest information that contributes to Rio2's financial success or failures. It also enables traders to predict the movement of Rio2 Stock. The fundamental analysis module provides a way to measure Rio2's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Rio2 stock.
Total Current Liabilities is likely to climb to about 981.6 K in 2024. Non Current Liabilities Total is likely to climb to about 47.9 M in 2024.
  
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Rio2 Company Current Liabilities Analysis

Rio2's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.

Current Liabilities

 = 

Payables

+

Accrued Debt

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Rio2 Current Liabilities Driver Correlations

Understanding the fundamental principles of building solid financial models for Rio2 is extremely important. It helps to project a fair market value of Rio2 Stock properly, considering its historical fundamentals such as Current Liabilities. Since Rio2's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Rio2's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Rio2's interrelated accounts and indicators.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Rio2 Total Current Liabilities

Total Current Liabilities

981,571

At this time, Rio2's Total Current Liabilities is fairly stable compared to the past year.
In accordance with the recently published financial statements, Rio2 has a Current Liabilities of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The current liabilities for all Canada stocks is 100.0% higher than that of the company.

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Rio2 Fundamentals

About Rio2 Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rio2's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio2 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio2 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Rio2 Stock Analysis

When running Rio2's price analysis, check to measure Rio2'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 Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.