Road Non Current Liabilities Total vs Total Assets Analysis

688156 Stock

13.29 0.44 3.20%

Road Environment financial indicator trend analysis is much more than just breaking down Road Environment Tec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Road Environment Tec is a good investment. Please check the relationship between Road Environment Non Current Liabilities Total and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Road Environment Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Non Current Liabilities Total vs Total Assets

Non Current Liabilities Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Road Environment Tec Non Current Liabilities Total account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Road Environment's Non Current Liabilities Total and Total Assets is 0.88. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Road Environment Technology, assuming nothing else is changed. The correlation between historical values of Road Environment's Non Current Liabilities Total and Total Assets 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 Road Environment Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Liabilities Total i.e., Road Environment's Non Current Liabilities Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Liabilities Total

Total Assets

Total assets refers to the total amount of Road Environment assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Road Environment Tec books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

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

The current year's Tax Provision is expected to grow to about 7.5 M, whereas Selling General Administrative is forecasted to decline to about 16.1 M.

	2022	2023	2024	2025 (projected)
Interest Expense	2.1M	6.8M	7.8M	8.2M
Interest Income	4.2M	3.3M	3.8M	2.8M

Interest Expense Interest Income

Road Environment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Long Term Debt
Total Assets		0.94	0.86	0.97	0.97	0.83	0.6	0.86	0.91	0.96	0.97	0.88	0.9	0.7	0.87	0.99	0.89	0.94	0.97	-0.49	0.58	0.88	0.93	0.94	0.82	0.87
Other Current Liab	0.94		0.86	0.87	0.92	0.82	0.39	0.85	0.91	0.93	0.87	0.89	0.89	0.75	0.87	0.92	0.89	0.84	0.87	-0.48	0.44	0.85	0.92	0.93	0.91	0.83
Total Current Liabilities	0.86	0.86		0.8	0.82	1.0	0.39	1.0	0.99	0.81	0.84	0.98	0.99	0.94	1.0	0.84	0.99	0.76	0.84	-0.8	0.37	0.99	0.88	0.89	0.81	0.93
Total Stockholder Equity	0.97	0.87	0.8		0.99	0.75	0.78	0.79	0.86	0.97	0.99	0.8	0.85	0.56	0.8	0.99	0.83	0.99	0.99	-0.49	0.76	0.83	0.81	0.83	0.78	0.76
Retained Earnings	0.97	0.92	0.82	0.99		0.77	0.71	0.81	0.88	1.0	0.98	0.82	0.87	0.6	0.82	0.99	0.85	0.98	0.98	-0.49	0.72	0.85	0.83	0.85	0.81	0.77
Accounts Payable	0.83	0.82	1.0	0.75	0.77		0.33	1.0	0.96	0.75	0.79	0.97	0.98	0.96	0.99	0.79	0.98	0.7	0.79	-0.81	0.29	0.99	0.87	0.88	0.76	0.94
Cash	0.6	0.39	0.39	0.78	0.71	0.33		0.39	0.46	0.69	0.75	0.39	0.47	0.07	0.39	0.68	0.43	0.82	0.75	-0.34	0.97	0.44	0.29	0.32	0.42	0.28
Non Current Assets Total	0.86	0.85	1.0	0.79	0.81	1.0	0.39		0.98	0.8	0.83	0.98	0.99	0.94	1.0	0.84	0.99	0.75	0.83	-0.8	0.36	0.99	0.89	0.89	0.8	0.93
Non Currrent Assets Other	0.91	0.91	0.99	0.86	0.88	0.96	0.46	0.98		0.88	0.88	0.99	1.0	0.89	0.99	0.89	1.0	0.83	0.88	-0.75	0.47	0.98	0.88	0.9	0.88	0.89
Net Receivables	0.96	0.93	0.81	0.97	1.0	0.75	0.69	0.8	0.88		0.96	0.83	0.86	0.59	0.81	0.98	0.85	0.97	0.96	-0.48	0.72	0.83	0.81	0.84	0.84	0.74
Common Stock Shares Outstanding	0.97	0.87	0.84	0.99	0.98	0.79	0.75	0.83	0.88	0.96		0.84	0.88	0.62	0.84	0.99	0.86	0.98	1.0	-0.56	0.72	0.86	0.84	0.85	0.78	0.81
Non Current Liabilities Total	0.88	0.89	0.98	0.8	0.82	0.97	0.39	0.98	0.99	0.83	0.84		0.99	0.93	0.99	0.85	1.0	0.77	0.84	-0.75	0.39	0.96	0.89	0.9	0.89	0.89
Inventory	0.9	0.89	0.99	0.85	0.87	0.98	0.47	0.99	1.0	0.86	0.88	0.99		0.9	1.0	0.89	1.0	0.82	0.88	-0.77	0.46	0.99	0.89	0.9	0.84	0.91
Other Current Assets	0.7	0.75	0.94	0.56	0.6	0.96	0.07	0.94	0.89	0.59	0.62	0.93	0.9		0.94	0.64	0.92	0.5	0.62	-0.77	0.05	0.91	0.84	0.84	0.72	0.9
Total Liab	0.87	0.87	1.0	0.8	0.82	0.99	0.39	1.0	0.99	0.81	0.84	0.99	1.0	0.94		0.85	1.0	0.76	0.84	-0.79	0.38	0.99	0.89	0.9	0.83	0.92
Net Invested Capital	0.99	0.92	0.84	0.99	0.99	0.79	0.68	0.84	0.89	0.98	0.99	0.85	0.89	0.64	0.85		0.87	0.97	0.99	-0.48	0.66	0.86	0.89	0.9	0.82	0.83
Short Long Term Debt	0.89	0.89	0.99	0.83	0.85	0.98	0.43	0.99	1.0	0.85	0.86	1.0	1.0	0.92	1.0	0.87		0.8	0.86	-0.77	0.42	0.98	0.89	0.9	0.87	0.9
Total Current Assets	0.94	0.84	0.76	0.99	0.98	0.7	0.82	0.75	0.83	0.97	0.98	0.77	0.82	0.5	0.76	0.97	0.8		0.98	-0.47	0.83	0.79	0.75	0.77	0.78	0.69
Capital Stock	0.97	0.87	0.84	0.99	0.98	0.79	0.75	0.83	0.88	0.96	1.0	0.84	0.88	0.62	0.84	0.99	0.86	0.98		-0.56	0.72	0.86	0.84	0.85	0.78	0.81
Non Current Liabilities Other	-0.49	-0.48	-0.8	-0.49	-0.49	-0.81	-0.34	-0.8	-0.75	-0.48	-0.56	-0.75	-0.77	-0.77	-0.79	-0.48	-0.77	-0.47	-0.56		-0.32	-0.79	-0.47	-0.49	-0.56	-0.64
Net Working Capital	0.58	0.44	0.37	0.76	0.72	0.29	0.97	0.36	0.47	0.72	0.72	0.39	0.46	0.05	0.38	0.66	0.42	0.83	0.72	-0.32		0.42	0.25	0.28	0.5	0.2
Intangible Assets	0.88	0.85	0.99	0.83	0.85	0.99	0.44	0.99	0.98	0.83	0.86	0.96	0.99	0.91	0.99	0.86	0.98	0.79	0.86	-0.79	0.42		0.87	0.89	0.77	0.93
Property Plant And Equipment Net	0.93	0.92	0.88	0.81	0.83	0.87	0.29	0.89	0.88	0.81	0.84	0.89	0.89	0.84	0.89	0.89	0.89	0.75	0.84	-0.47	0.25	0.87		1.0	0.77	0.96
Property Plant And Equipment Gross	0.94	0.93	0.89	0.83	0.85	0.88	0.32	0.89	0.9	0.84	0.85	0.9	0.9	0.84	0.9	0.9	0.9	0.77	0.85	-0.49	0.28	0.89	1.0		0.79	0.96
Short Term Investments	0.82	0.91	0.81	0.78	0.81	0.76	0.42	0.8	0.88	0.84	0.78	0.89	0.84	0.72	0.83	0.82	0.87	0.78	0.78	-0.56	0.5	0.77	0.77	0.79		0.67
Long Term Debt	0.87	0.83	0.93	0.76	0.77	0.94	0.28	0.93	0.89	0.74	0.81	0.89	0.91	0.9	0.92	0.83	0.9	0.69	0.81	-0.64	0.2	0.93	0.96	0.96	0.67

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Road Environment Account Relationship Matchups

Road Environment fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	878.8M	1.0B	1.2B	1.6B	1.8B	1.1B
Other Current Liab	11.1M	16.0M	21.3M	21.6M	24.8M	18.2M
Total Current Liabilities	132.8M	188.0M	275.3M	504.8M	580.5M	609.6M
Total Stockholder Equity	707.9M	770.1M	774.7M	896.9M	1.0B	766.8M
Retained Earnings	133.6M	183.7M	181.9M	198.8M	228.6M	173.4M
Accounts Payable	79.5M	106.3M	138.5M	289.9M	333.4M	350.0M
Cash	421.5M	349.4M	259.4M	199.2M	229.1M	291.6M
Non Current Assets Total	224.0M	263.3M	428.8M	824.0M	947.6M	995.0M
Non Currrent Assets Other	407.0K	10.8M	25.1M	39.9M	45.9M	48.2M
Net Receivables	175.1M	253.4M	272.2M	269.4M	309.9M	241.8M
Non Current Liabilities Total	4.1M	3.4M	90.2M	138.5M	159.3M	167.3M
Inventory	13.2M	26.1M	49.3M	93.5M	107.6M	112.9M
Other Current Assets	1.7M	2.0M	12.8M	28.7M	33.1M	34.7M
Total Liab	136.9M	191.4M	365.6M	643.3M	739.8M	776.8M
Net Invested Capital	727.9M	803.7M	942.3M	1.2B	1.3B	877.4M
Short Long Term Debt	20.0M	33.7M	80.1M	127.1M	146.2M	153.5M
Total Current Assets	654.8M	741.2M	767.7M	765.4M	880.3M	709.7M
Net Working Capital	522.0M	553.3M	492.4M	260.6M	299.7M	434.8M
Intangible Assets	26.2M	58.8M	57.0M	134.0M	154.1M	161.8M

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Other Information on Investing in Road Stock

Balance Sheet is a snapshot of the financial position of Road Environment Tec at a specified time, usually calculated after every quarter, six months, or one year. Road Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Road Environment 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 Road currently owns. An asset can also be divided into two categories, current and non-current.

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Road Non Current Liabilities Total vs Total Assets Analysis

Non Current Liabilities Total vs Total Assets

Non Current Liabilities Total vs Total Assets Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Total Assets

Road Environment fundamental ratios Correlations

Road Environment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Road Environment fundamental ratios Accounts

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Other Information on Investing in Road Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Net Receivables	+ 1.0	Retained Earnings
Non Current Assets Total	+ 1.0	Accounts Payable
Total Liab	+ 1.0	Non Current Assets Total

Non Current Liabilities Other	- 0.81	Accounts Payable
Non Current Liabilities Other	- 0.8	Non Current Assets Total
Non Current Liabilities Other	- 0.8	Total Current Liabilities
Intangible Assets	- 0.79	Non Current Liabilities Other
Non Current Liabilities Other	- 0.79	Total Liab
Non Current Liabilities Other	- 0.77	Short Long Term Debt