Rainbow Property Plant Equipment vs Total Assets Analysis

RAINBOW Stock   1,589  65.25  4.28%   
Rainbow Childrens financial indicator trend analysis is much more than just breaking down Rainbow Childrens prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rainbow Childrens is a good investment. Please check the relationship between Rainbow Childrens Property Plant Equipment and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rainbow Childrens Medicare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Property Plant Equipment vs Total Assets

Property Plant Equipment vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rainbow Childrens Property Plant Equipment account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between Rainbow Childrens' Property Plant Equipment and Total Assets is 0.99. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Assets in the same time period over historical financial statements of Rainbow Childrens Medicare, assuming nothing else is changed. The correlation between historical values of Rainbow Childrens' Property Plant Equipment 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 Property Plant Equipment of Rainbow Childrens Medicare 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 Property Plant Equipment i.e., Rainbow Childrens' Property Plant Equipment and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Total Assets

Total assets refers to the total amount of Rainbow Childrens 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 Rainbow Childrens 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 Rainbow Childrens' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rainbow Childrens 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rainbow Childrens Medicare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Selling General Administrative is likely to drop to about 140.5 M in 2024. Tax Provision is likely to drop to about 547.2 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense532.0M552.0M625.3M545.6M
Depreciation And Amortization832.6M902.7M1.1B895.9M

Rainbow Childrens fundamental ratios Correlations

0.960.740.880.990.98-0.670.951.00.960.851.00.810.930.49-0.890.120.930.910.930.490.90.931.00.390.72
0.960.730.850.920.99-0.761.00.950.90.70.960.660.910.58-0.820.120.910.950.910.520.790.960.950.540.82
0.740.730.940.70.71-0.30.720.730.860.710.730.470.750.83-0.67-0.260.740.690.820.920.60.760.750.560.4
0.880.850.940.850.84-0.480.840.880.970.840.870.630.860.74-0.8-0.140.860.820.960.820.750.880.890.590.55
0.990.920.70.850.96-0.60.910.990.940.860.980.890.910.47-0.920.170.910.840.890.420.960.870.990.270.67
0.980.990.710.840.96-0.720.990.970.910.730.980.740.920.56-0.860.170.920.920.890.460.860.930.970.450.8
-0.67-0.76-0.3-0.48-0.6-0.72-0.76-0.64-0.57-0.44-0.7-0.32-0.73-0.090.58-0.44-0.74-0.83-0.63-0.16-0.42-0.79-0.61-0.5-0.94
0.951.00.720.840.910.99-0.760.950.890.680.960.650.90.58-0.810.120.90.950.90.510.780.960.940.550.82
1.00.950.730.880.990.97-0.640.950.950.850.990.830.910.5-0.890.110.910.890.920.480.910.921.00.370.69
0.960.90.860.970.940.91-0.570.890.950.910.950.750.920.59-0.87-0.020.910.870.970.680.850.920.960.490.62
0.850.70.710.840.860.73-0.440.680.850.910.850.790.820.29-0.820.050.810.710.840.520.820.760.860.220.44
1.00.960.730.870.980.98-0.70.960.990.950.850.790.930.47-0.880.140.930.930.920.490.880.950.990.40.74
0.810.660.470.630.890.74-0.320.650.830.750.790.790.760.28-0.890.360.760.510.630.130.980.550.84-0.150.46
0.930.910.750.860.910.92-0.730.90.910.920.820.930.760.51-0.960.361.00.850.860.490.850.880.920.360.84
0.490.580.830.740.470.56-0.090.580.50.590.290.470.280.51-0.47-0.280.510.430.60.790.430.50.530.560.3
-0.89-0.82-0.67-0.8-0.92-0.860.58-0.81-0.89-0.87-0.82-0.88-0.89-0.96-0.47-0.44-0.96-0.71-0.78-0.36-0.93-0.74-0.9-0.14-0.74
0.120.12-0.26-0.140.170.17-0.440.120.11-0.020.050.140.360.36-0.28-0.440.360.03-0.11-0.520.29-0.010.1-0.430.57
0.930.910.740.860.910.92-0.740.90.910.910.810.930.761.00.51-0.960.360.850.860.490.850.880.920.360.84
0.910.950.690.820.840.92-0.830.950.890.870.710.930.510.850.43-0.710.030.850.90.550.650.990.870.630.79
0.930.910.820.960.890.89-0.630.90.920.970.840.920.630.860.6-0.78-0.110.860.90.70.750.940.930.660.64
0.490.520.920.820.420.46-0.160.510.480.680.520.490.130.490.79-0.36-0.520.490.550.70.270.620.50.720.19
0.90.790.60.750.960.86-0.420.780.910.850.820.880.980.850.43-0.930.290.850.650.750.270.690.930.040.56
0.930.960.760.880.870.93-0.790.960.920.920.760.950.550.880.5-0.74-0.010.880.990.940.620.690.90.640.77
1.00.950.750.890.990.97-0.610.941.00.960.860.990.840.920.53-0.90.10.920.870.930.50.930.90.380.68
0.390.540.560.590.270.45-0.50.550.370.490.220.4-0.150.360.56-0.14-0.430.360.630.660.720.040.640.380.42
0.720.820.40.550.670.8-0.940.820.690.620.440.740.460.840.3-0.740.570.840.790.640.190.560.770.680.42
Click cells to compare fundamentals

Rainbow Childrens Account Relationship Matchups

Rainbow Childrens fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.2B10.8B14.2B17.8B21.7B15.4B
Short Long Term Debt Total4.9B5.2B5.8B5.7B7.7B6.2B
Other Current Liab402.9M454.5M383.9M432.1M426.5M441.0M
Total Current Liabilities1.3B1.2B1.3B1.4B1.5B1.4B
Total Stockholder Equity4.1B4.5B6.0B10.6B12.6B7.6B
Property Plant And Equipment Net7.4B8.0B8.7B9.5B12.6B9.8B
Current Deferred Revenue440.4M516.5M91.0M385.6M39.4M37.4M
Net Debt4.8B5.1B5.7B5.5B7.6B6.1B
Retained Earnings1.9B2.3B3.6B5.6B7.4B4.1B
Accounts Payable581.7M537.3M643.7M789.0M815.0M696.5M
Cash67.0M56.6M99.8M154.1M101.2M97.2M
Non Current Assets Total8.2B8.8B11.3B12.9B15.5B11.9B
Non Currrent Assets Other622.7M567.9M308.9M4.6B3.7B2.0B
Cash And Short Term Investments786.7M951.1M2.0B3.9B5.0B5.3B
Net Receivables705.9M740.1M404.1M512.0M704.4M642.5M
Short Term Investments719.7M894.5M1.9B3.8B4.9B5.2B
Liabilities And Stockholders Equity10.2B10.8B14.2B17.8B21.7B15.4B
Non Current Liabilities Total4.8B5.1B6.9B5.7B7.6B6.4B
Inventory159.8M101.0M181.3M187.6M239.8M172.2M
Other Current Assets377.9M401.0M324M270.6M251.2M321.6M
Total Liab6.1B6.3B8.2B7.1B9.1B7.8B
Total Current Assets2.0B2.0B2.9B4.8B6.2B3.5B
Accumulated Other Comprehensive Income102.8M97.8M92.8M52.8M149.4M89.8M
Short Term Debt227.1M131.8M223.6M41.8M188.4M164.4M
Intangible Assets22.9M15.3M55.2M33.7M101.8M106.9M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Rainbow Stock Analysis

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