Risen Total Current Liabilities vs Selling General Administrative Analysis

300118 Stock   14.57  0.09  0.62%   
Risen Energy financial indicator trend analysis is much more than just breaking down Risen Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Risen Energy is a good investment. Please check the relationship between Risen Energy Total Current Liabilities and its Selling General Administrative accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Risen Energy. 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.

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Risen Energy Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between Risen Energy's Total Current Liabilities and Selling General Administrative is 0.6. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Risen Energy, assuming nothing else is changed. The correlation between historical values of Risen Energy's Total Current Liabilities and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Risen Energy are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Risen Energy's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Risen Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Risen Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Selling General Administrative

Most indicators from Risen Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Risen Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Risen Energy. 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.
As of December 2, 2024, Selling General Administrative is expected to decline to about 396.5 M. In addition to that, Tax Provision is expected to decline to about 68.8 M
 2021 2022 2023 2024 (projected)
Income Before Tax24.3M1.1B1.5B1.5B
Cost Of Revenue17.6B26.2B30.2B31.7B

Risen Energy fundamental ratios Correlations

0.571.00.980.981.00.970.890.580.920.721.00.870.590.930.930.260.940.760.86-0.580.950.460.890.650.9
0.570.610.50.640.590.660.610.450.710.630.570.650.540.660.650.270.460.040.69-0.430.630.140.750.680.55
1.00.610.960.981.00.980.870.530.950.71.00.890.560.910.940.240.920.750.85-0.610.970.420.90.620.89
0.980.50.960.970.960.940.920.650.860.720.970.830.650.910.890.220.950.750.88-0.520.890.550.840.70.88
0.980.640.980.970.980.960.920.640.90.770.980.850.620.960.940.270.940.670.91-0.530.930.50.90.740.9
1.00.591.00.960.980.980.870.540.940.721.00.880.550.920.950.250.930.750.85-0.590.970.430.90.630.9
0.970.660.980.940.960.980.850.490.960.680.980.850.560.870.920.220.890.710.85-0.560.950.480.920.630.86
0.890.610.870.920.920.870.850.770.780.770.860.80.710.920.820.160.850.520.94-0.550.80.480.810.870.84
0.580.450.530.650.640.540.490.770.430.760.530.470.880.710.540.150.640.20.78-0.120.420.480.550.830.63
0.920.710.950.860.90.940.960.780.430.590.940.830.490.80.860.090.830.670.76-0.620.940.380.90.520.79
0.720.630.70.720.770.720.680.770.760.590.70.70.770.870.830.510.660.320.89-0.260.70.260.80.830.83
1.00.571.00.970.981.00.980.860.530.940.70.870.550.910.930.250.930.780.84-0.60.970.430.890.610.9
0.870.650.890.830.850.880.850.80.470.830.70.870.610.890.860.320.750.560.77-0.680.880.150.830.610.82
0.590.540.560.650.620.550.560.710.880.490.770.550.610.690.560.20.590.240.77-0.170.460.420.630.770.65
0.930.660.910.910.960.920.870.920.710.80.870.910.890.690.930.410.880.520.92-0.520.870.350.850.820.9
0.930.650.940.890.940.950.920.820.540.860.830.930.860.560.930.50.820.60.85-0.440.960.360.890.670.87
0.260.270.240.220.270.250.220.160.150.090.510.250.320.20.410.50.130.010.280.10.32-0.060.250.30.3
0.940.460.920.950.940.930.890.850.640.830.660.930.750.590.880.820.130.740.82-0.50.830.530.780.630.85
0.760.040.750.750.670.750.710.520.20.670.320.780.560.240.520.60.010.740.48-0.50.710.340.630.140.73
0.860.690.850.880.910.850.850.940.780.760.890.840.770.770.920.850.280.820.48-0.430.790.480.90.920.9
-0.58-0.43-0.61-0.52-0.53-0.59-0.56-0.55-0.12-0.62-0.26-0.6-0.68-0.17-0.52-0.440.1-0.5-0.5-0.43-0.60.28-0.56-0.27-0.58
0.950.630.970.890.930.970.950.80.420.940.70.970.880.460.870.960.320.830.710.79-0.60.310.90.550.86
0.460.140.420.550.50.430.480.480.480.380.260.430.150.420.350.36-0.060.530.340.480.280.310.320.460.28
0.890.750.90.840.90.90.920.810.550.90.80.890.830.630.850.890.250.780.630.9-0.560.90.320.680.93
0.650.680.620.70.740.630.630.870.830.520.830.610.610.770.820.670.30.630.140.92-0.270.550.460.680.68
0.90.550.890.880.90.90.860.840.630.790.830.90.820.650.90.870.30.850.730.9-0.580.860.280.930.68
Click cells to compare fundamentals

Risen Energy Account Relationship Matchups

Risen Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets25.6B28.9B29.6B38.3B54.2B57.0B
Other Current Liab1.5B2.2B1.7B5.4B1.3B1.1B
Total Current Liabilities13.1B14.9B16.8B24.4B31.0B32.5B
Total Stockholder Equity8.2B8.4B8.5B9.4B15.2B16.0B
Retained Earnings2.5B2.6B2.5B3.4B4.1B4.4B
Accounts Payable8.0B9.0B10.4B13.6B18.4B19.3B
Cash4.2B5.2B5.2B9.8B10.6B11.1B
Other Assets1.3B981.1M847.6M1.2B1.4B1.5B
Net Receivables4.7B3.7B5.2B3.1B4.4B2.7B
Inventory1.7B1.6B3.0B6.4B5.6B5.8B
Other Current Assets1.4B2.0B2.1B1.4B1.8B922.9M
Total Liab16.2B19.0B20.0B27.9B39.0B41.0B
Intangible Assets611.1M714.4M685.7M950.3M923.7M969.9M
Property Plant Equipment11.1B12.1B11.4B11.1B12.8B13.4B
Other Liab66.5M152.5M368.0M344.1M395.7M415.5M
Long Term Debt2.9B1.7B1.8B2.1B3.8B4.0B
Net Tangible Assets7.3B7.4B7.8B8.4B9.7B6.9B
Other Stockholder Equity(28.7M)25.2M3.4M(69.4M)(62.4M)(59.3M)
Deferred Long Term Liab63.0M137.6M173.6M216.5M249.0M261.4M
Total Current Assets12.0B14.4B15.6B23.4B26.2B15.1B
Non Current Assets Total13.6B14.5B14.0B14.8B28.1B14.3B
Non Currrent Assets Other94.2M147.6M316.6M997.0M188.4M336.7M
Non Current Liabilities Total3.1B4.1B3.3B3.5B8.0B8.4B
Short Long Term Debt3.1B3.5B3.8B4.3B5.6B3.5B
Non Current Liabilities Other14.2M10.4M4.1M3.1M539.5M566.5M
Net Invested Capital12.3B13.7B14.0B15.7B24.6B15.8B
Net Working Capital(1.1B)(485.2M)(1.2B)(934.9M)(4.8B)(4.6B)

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Other Information on Investing in Risen Stock

Balance Sheet is a snapshot of the financial position of Risen Energy at a specified time, usually calculated after every quarter, six months, or one year. Risen Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Risen Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Risen currently owns. An asset can also be divided into two categories, current and non-current.