Rajnandini Short Term Debt vs Total Current Assets Analysis

RAJMET Stock

10.13 0.08 0.78%

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

Short Term Debt vs Total Current Assets

Short Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rajnandini Metal Short Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Rajnandini Metal's Short Term Debt and Total Current Assets is 0.97. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Rajnandini Metal Limited, assuming nothing else is changed. The correlation between historical values of Rajnandini Metal's Short Term Debt and Total Current 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 Short Term Debt of Rajnandini Metal Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Short Term Debt i.e., Rajnandini Metal's Short Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Short Term Debt

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

The current year's Selling General Administrative is expected to grow to about 12.3 M. The current year's Tax Provision is expected to grow to about 23.9 M

	2021	2022	2023	2024 (projected)
Interest Expense	39.7M	72.8M	113.8M	119.5M
Depreciation And Amortization	11.4M	11.9M	12.1M	12.7M

Interest Expense Depreciation And Amortization

Rajnandini Metal fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Long Term Debt
Total Assets		0.98	0.33	0.86	0.99	0.95	-0.27	0.98	0.95	0.21	0.11	0.96	-0.36	0.98	0.48	0.25	-0.25	0.61	0.98	0.56	0.87	0.99	0.95	0.99	-0.21	0.62
Short Long Term Debt Total	0.98		0.25	0.8	0.99	0.93	-0.23	1.0	0.99	0.04	0.04	0.93	-0.3	0.98	0.39	0.13	-0.2	0.54	0.99	0.57	0.8	0.98	0.98	0.98	-0.29	0.55
Other Current Liab	0.33	0.25		0.48	0.28	0.35	-0.83	0.24	0.12	0.37	0.45	0.36	-0.64	0.37	0.18	0.3	0.12	0.23	0.24	0.14	0.46	0.3	0.23	0.37	-0.39	0.17
Total Current Liabilities	0.86	0.8	0.48		0.82	0.82	-0.35	0.8	0.75	0.39	0.18	0.83	-0.45	0.83	0.53	0.28	-0.11	0.6	0.81	0.53	0.98	0.85	0.77	0.85	-0.24	0.53
Total Stockholder Equity	0.99	0.99	0.28	0.82		0.92	-0.25	0.99	0.98	0.06	0.08	0.93	-0.32	0.99	0.44	0.14	-0.18	0.53	0.99	0.59	0.81	0.99	0.98	0.99	-0.26	0.54
Property Plant And Equipment Net	0.95	0.93	0.35	0.82	0.92		-0.42	0.93	0.87	0.28	0.13	1.0	-0.54	0.95	0.49	0.19	-0.34	0.8	0.89	0.66	0.88	0.91	0.85	0.92	-0.16	0.8
Current Deferred Revenue	-0.27	-0.23	-0.83	-0.35	-0.25	-0.42		-0.23	-0.11	-0.21	-0.5	-0.41	0.81	-0.38	-0.12	0.07	-0.14	-0.37	-0.18	-0.34	-0.38	-0.2	-0.18	-0.28	0.46	-0.33
Net Debt	0.98	1.0	0.24	0.8	0.99	0.93	-0.23		0.99	0.04	0.04	0.93	-0.29	0.98	0.39	0.14	-0.2	0.54	0.99	0.57	0.8	0.98	0.98	0.98	-0.29	0.55
Retained Earnings	0.95	0.99	0.12	0.75	0.98	0.87	-0.11	0.99		-0.06	-0.01	0.87	-0.18	0.96	0.36	0.08	-0.17	0.45	0.98	0.56	0.73	0.96	0.99	0.96	-0.26	0.47
Accounts Payable	0.21	0.04	0.37	0.39	0.06	0.28	-0.21	0.04	-0.06		0.43	0.29	-0.44	0.08	0.51	0.59	-0.43	0.59	0.06	0.09	0.47	0.17	-0.07	0.15	0.45	0.55
Cash	0.11	0.04	0.45	0.18	0.08	0.13	-0.5	0.04	-0.01	0.43		0.14	-0.36	0.13	0.2	-0.21	0.08	0.09	0.1	0.13	0.17	0.09	0.03	0.12	-0.18	0.07
Non Current Assets Total	0.96	0.93	0.36	0.83	0.93	1.0	-0.41	0.93	0.87	0.29	0.14		-0.52	0.95	0.48	0.2	-0.33	0.79	0.89	0.63	0.88	0.91	0.86	0.92	-0.19	0.79
Non Currrent Assets Other	-0.36	-0.3	-0.64	-0.45	-0.32	-0.54	0.81	-0.29	-0.18	-0.44	-0.36	-0.52		-0.43	-0.61	0.02	-0.15	-0.61	-0.25	-0.51	-0.52	-0.29	-0.2	-0.35	0.12	-0.56
Other Assets	0.98	0.98	0.37	0.83	0.99	0.95	-0.38	0.98	0.96	0.08	0.13	0.95	-0.43		0.44	0.1	-0.13	0.57	0.97	0.63	0.83	0.97	0.96	0.98	-0.33	0.57
Cash And Short Term Investments	0.48	0.39	0.18	0.53	0.44	0.49	-0.12	0.39	0.36	0.51	0.2	0.48	-0.61	0.44		0.12	0.11	0.49	0.43	0.46	0.56	0.47	0.33	0.48	0.33	0.44
Net Receivables	0.25	0.13	0.3	0.28	0.14	0.19	0.07	0.14	0.08	0.59	-0.21	0.2	0.02	0.1	0.12		-0.53	0.28	0.12	-0.23	0.3	0.26	0.09	0.23	0.39	0.27
Common Stock Shares Outstanding	-0.25	-0.2	0.12	-0.11	-0.18	-0.34	-0.14	-0.2	-0.17	-0.43	0.08	-0.33	-0.15	-0.13	0.11	-0.53		-0.58	-0.14	-0.12	-0.23	-0.21	-0.09	-0.18	-0.51	-0.63
Non Current Liabilities Total	0.61	0.54	0.23	0.6	0.53	0.8	-0.37	0.54	0.45	0.59	0.09	0.79	-0.61	0.57	0.49	0.28	-0.58		0.47	0.59	0.74	0.53	0.39	0.53	0.21	0.99
Inventory	0.98	0.99	0.24	0.81	0.99	0.89	-0.18	0.99	0.98	0.06	0.1	0.89	-0.25	0.97	0.43	0.12	-0.14	0.47		0.52	0.79	0.99	0.99	0.98	-0.29	0.48
Other Current Assets	0.56	0.57	0.14	0.53	0.59	0.66	-0.34	0.57	0.56	0.09	0.13	0.63	-0.51	0.63	0.46	-0.23	-0.12	0.59	0.52		0.59	0.52	0.51	0.55	-0.02	0.56
Total Liab	0.87	0.8	0.46	0.98	0.81	0.88	-0.38	0.8	0.73	0.47	0.17	0.88	-0.52	0.83	0.56	0.3	-0.23	0.74	0.79	0.59		0.84	0.74	0.84	-0.15	0.68
Total Current Assets	0.99	0.98	0.3	0.85	0.99	0.91	-0.2	0.98	0.96	0.17	0.09	0.91	-0.29	0.97	0.47	0.26	-0.21	0.53	0.99	0.52	0.84		0.97	0.99	-0.21	0.53
Short Term Debt	0.95	0.98	0.23	0.77	0.98	0.85	-0.18	0.98	0.99	-0.07	0.03	0.86	-0.2	0.96	0.33	0.09	-0.09	0.39	0.99	0.51	0.74	0.97		0.97	-0.36	0.4
Common Stock	0.99	0.98	0.37	0.85	0.99	0.92	-0.28	0.98	0.96	0.15	0.12	0.92	-0.35	0.98	0.48	0.23	-0.18	0.53	0.98	0.55	0.84	0.99	0.97		-0.24	0.53
Short Term Investments	-0.21	-0.29	-0.39	-0.24	-0.26	-0.16	0.46	-0.29	-0.26	0.45	-0.18	-0.19	0.12	-0.33	0.33	0.39	-0.51	0.21	-0.29	-0.02	-0.15	-0.21	-0.36	-0.24		0.22
Long Term Debt	0.62	0.55	0.17	0.53	0.54	0.8	-0.33	0.55	0.47	0.55	0.07	0.79	-0.56	0.57	0.44	0.27	-0.63	0.99	0.48	0.56	0.68	0.53	0.4	0.53	0.22

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Rajnandini Metal Account Relationship Matchups

Rajnandini Metal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	628.1M	896.9M	1.1B	1.4B	1.6B	1.7B
Short Long Term Debt Total	400.5M	425.8M	514.2M	719.5M	1.0B	1.1B
Other Current Liab	314K	1.1M	11.8M	641M	4.9M	4.7M
Total Current Liabilities	357.1M	523.6M	647.6M	872.8M	995.3M	511.1M
Total Stockholder Equity	145.1M	195.7M	295.9M	414.3M	567.1M	595.5M
Property Plant And Equipment Net	215.1M	246.7M	249.5M	348.7M	351.4M	369.0M
Current Deferred Revenue	(277.3M)	(2.9M)	(6.9M)	(628.2M)	1.0	1.05
Net Debt	399.2M	424.6M	512.9M	716.1M	1.0B	1.1B
Retained Earnings	57.3M	72.9M	111.6M	137.8M	290.6M	305.1M
Accounts Payable	79.0M	262.7M	245.6M	231.8M	48.3M	45.9M
Cash	1.3M	1.2M	1.3M	3.3M	800K	1.3M
Non Current Assets Total	219.0M	248.1M	252.6M	353.4M	358.2M	376.1M
Non Currrent Assets Other	(215.1M)	1.3M	(249.5M)	(348.7M)	6.8M	7.1M
Other Assets	1.8M	1.3M	2.6M	4.7M	5.4M	5.7M
Cash And Short Term Investments	1.3M	1.2M	22.9M	8M	5.7M	4.6M
Net Receivables	184.6M	377.7M	299.6M	329.5M	246M	298.1M
Liabilities And Stockholders Equity	628.1M	896.9M	1.1B	1.4B	1.6B	1.7B
Non Current Liabilities Total	125.9M	177.5M	133.6M	111.7M	80.5M	60.0M
Inventory	171.4M	226.7M	444M	618.2M	970.3M	1.0B
Other Current Assets	49.0M	41.3M	58M	51.4M	62.7M	40.4M
Total Liab	483.0M	701.1M	781.2M	984.5M	1.1B	571.1M
Total Current Assets	409.1M	648.8M	824.5M	1.0B	1.3B	1.3B
Short Term Debt	277.8M	259.8M	397.1M	628.2M	942.1M	989.2M
Long Term Debt	122.8M	166.0M	117.1M	91.3M	62.1M	79.8M
Long Term Debt Total	122.8M	166.0M	117.1M	91.3M	105.0M	81.4M
Property Plant Equipment	215.1M	246.7M	249.5M	348.7M	401.0M	421.1M
Other Liab	3.1M	11.5M	16.6M	20.5M	23.6M	24.8M
Net Tangible Assets	145.1M	195.7M	295.9M	414.3M	476.4M	500.3M
Net Invested Capital	545.6M	621.6M	810.1M	1.1B	1.6B	844.0M
Short Long Term Debt	277.8M	259.8M	397.0M	628.2M	942.1M	989.2M
Net Working Capital	51.9M	125.2M	177.6M	172.6M	289.4M	151.3M
Other Stockholder Equity	(118.8M)	4K	(295.9M)	(414.3M)	(290.6M)	(305.1M)

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

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Rajnandini Short Term Debt vs Total Current Assets Analysis

Short Term Debt vs Total Current Assets

Short Term Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Short Term Debt

Total Current Assets

Rajnandini Metal fundamental ratios Correlations

Rajnandini Metal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rajnandini Metal fundamental ratios Accounts

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Other Information on Investing in Rajnandini Stock

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Short Long Term Debt Total

Current Deferred Revenue	- 0.83	Other Current Liab
Non Currrent Assets Other	- 0.64	Other Current Liab
Long Term Debt	- 0.63	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.61	Non Currrent Assets Other
Cash And Short Term Investments	- 0.61	Non Currrent Assets Other
Non Current Liabilities Total	- 0.58	Common Stock Shares Outstanding