Raj Short Term Debt vs Net Receivables Analysis

RAJRILTD

22.30 0.43 1.97%

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

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raj Rayon Industries Short Term Debt account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Raj Rayon's Short Term Debt and Net Receivables is -0.34. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Raj Rayon Industries, assuming nothing else is changed. The correlation between historical values of Raj Rayon's Short Term Debt and Net Receivables 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 Raj Rayon Industries are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Raj Rayon's Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Net Receivables

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

Tax Provision is likely to gain to about 61.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.8 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	13.0M	112.0M	154.8M
Depreciation And Amortization	134.6M	113.5M	107.8M

Interest Expense Depreciation And Amortization

Raj Rayon fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Short Term Debt	Short Term Investments
Total Assets		0.01	0.55	-0.34	0.46	0.87	0.03	0.5	0.84	0.86	0.3	-0.11	0.48	0.82	-0.08	0.74	0.62	0.2	-0.42	0.19	0.9	0.38	-0.28	0.49	-0.47	-0.08
Short Long Term Debt Total	0.01		-0.03	0.69	-0.86	0.4	0.99	-0.83	-0.06	0.4	0.14	-0.58	-0.37	0.11	-0.54	0.31	-0.54	-0.47	0.19	0.91	-0.33	0.17	0.58	-0.62	0.76	-0.41
Other Current Liab	0.55	-0.03		-0.16	0.26	0.34	-0.02	0.33	0.63	0.35	-0.08	-0.33	0.19	0.56	-0.31	0.31	0.36	0.12	-0.53	0.06	0.61	-0.06	-0.05	0.23	-0.24	-0.2
Total Current Liabilities	-0.34	0.69	-0.16		-0.86	-0.12	0.71	-0.85	-0.41	-0.18	-0.2	-0.26	-0.35	-0.29	-0.22	-0.39	-0.38	-0.17	0.36	0.74	-0.41	0.1	0.73	-0.29	0.95	-0.09
Total Stockholder Equity	0.46	-0.86	0.26	-0.86		0.1	-0.86	0.99	0.48	0.12	0.07	0.44	0.56	0.35	0.42	0.17	0.7	0.39	-0.36	-0.74	0.66	-0.02	-0.74	0.66	-0.95	0.31
Property Plant And Equipment Net	0.87	0.4	0.34	-0.12	0.1		0.41	0.13	0.64	0.98	0.29	-0.27	0.29	0.79	-0.23	0.85	0.32	-0.19	-0.23	0.49	0.58	0.43	-0.07	0.1	-0.18	-0.16
Net Debt	0.03	0.99	-0.02	0.71	-0.86	0.41		-0.83	-0.06	0.41	0.15	-0.54	-0.35	0.11	-0.5	0.31	-0.5	-0.44	0.18	0.93	-0.3	0.23	0.63	-0.57	0.76	-0.38
Retained Earnings	0.5	-0.83	0.33	-0.85	0.99	0.13	-0.83		0.53	0.15	0.07	0.34	0.53	0.37	0.32	0.2	0.68	0.44	-0.47	-0.71	0.7	-0.07	-0.69	0.67	-0.94	0.22
Cash	0.84	-0.06	0.63	-0.41	0.48	0.64	-0.06	0.53		0.68	0.15	-0.11	0.62	0.67	-0.08	0.66	0.46	0.26	-0.44	0.07	0.79	0.12	-0.3	0.35	-0.5	-0.01
Non Current Assets Total	0.86	0.4	0.35	-0.18	0.12	0.98	0.41	0.15	0.68		0.42	-0.25	0.3	0.83	-0.22	0.89	0.26	-0.21	-0.23	0.47	0.56	0.43	-0.1	0.04	-0.21	-0.19
Non Currrent Assets Other	0.3	0.14	-0.08	-0.2	0.07	0.29	0.15	0.07	0.15	0.42		-0.08	-0.16	0.4	-0.12	0.38	-0.21	-0.12	-0.06	0.06	0.12	0.28	-0.05	-0.17	-0.12	-0.34
Other Assets	-0.11	-0.58	-0.33	-0.26	0.44	-0.27	-0.54	0.34	-0.11	-0.25	-0.08		0.6	-0.15	0.99	-0.23	0.5	0.09	0.43	-0.4	0.03	0.49	-0.28	0.43	-0.37	0.84
Cash And Short Term Investments	0.48	-0.37	0.19	-0.35	0.56	0.29	-0.35	0.53	0.62	0.3	-0.16	0.6		0.35	0.66	0.3	0.67	0.21	-0.01	-0.1	0.53	0.35	-0.36	0.57	-0.53	0.77
Net Receivables	0.82	0.11	0.56	-0.29	0.35	0.79	0.11	0.37	0.67	0.83	0.4	-0.15	0.35		-0.13	0.67	0.37	-0.3	-0.21	0.2	0.64	0.29	-0.27	0.15	-0.34	-0.11
Common Stock Shares Outstanding	-0.08	-0.54	-0.31	-0.22	0.42	-0.23	-0.5	0.32	-0.08	-0.22	-0.12	0.99	0.66	-0.13		-0.2	0.52	0.09	0.41	-0.33	0.05	0.51	-0.24	0.45	-0.35	0.89
Non Current Liabilities Total	0.74	0.31	0.31	-0.39	0.17	0.85	0.31	0.2	0.66	0.89	0.38	-0.23	0.3	0.67	-0.2		0.2	-0.18	-0.36	0.34	0.44	0.28	-0.19	-0.02	-0.38	-0.17
Inventory	0.62	-0.54	0.36	-0.38	0.7	0.32	-0.5	0.68	0.46	0.26	-0.21	0.5	0.67	0.37	0.52	0.2		0.44	-0.24	-0.22	0.8	0.4	-0.41	0.9	-0.62	0.47
Other Current Assets	0.2	-0.47	0.12	-0.17	0.39	-0.19	-0.44	0.44	0.26	-0.21	-0.12	0.09	0.21	-0.3	0.09	-0.18	0.44		-0.47	-0.3	0.5	-0.12	-0.12	0.71	-0.32	0.05
Other Stockholder Equity	-0.42	0.19	-0.53	0.36	-0.36	-0.23	0.18	-0.47	-0.44	-0.23	-0.06	0.43	-0.01	-0.21	0.41	-0.36	-0.24	-0.47		0.11	-0.5	0.37	0.07	-0.3	0.42	0.37
Total Liab	0.19	0.91	0.06	0.74	-0.74	0.49	0.93	-0.71	0.07	0.47	0.06	-0.4	-0.1	0.2	-0.33	0.34	-0.22	-0.3	0.11		-0.1	0.31	0.6	-0.29	0.68	-0.17
Total Current Assets	0.9	-0.33	0.61	-0.41	0.66	0.58	-0.3	0.7	0.79	0.56	0.12	0.03	0.53	0.64	0.05	0.44	0.8	0.5	-0.5	-0.1		0.26	-0.38	0.77	-0.6	0.04
Common Stock	0.38	0.17	-0.06	0.1	-0.02	0.43	0.23	-0.07	0.12	0.43	0.28	0.49	0.35	0.29	0.51	0.28	0.4	-0.12	0.37	0.31	0.26		0.14	0.22	0.01	0.37
Current Deferred Revenue	-0.28	0.58	-0.05	0.73	-0.74	-0.07	0.63	-0.69	-0.3	-0.1	-0.05	-0.28	-0.36	-0.27	-0.24	-0.19	-0.41	-0.12	0.07	0.6	-0.38	0.14		-0.36	0.73	-0.19
Accounts Payable	0.49	-0.62	0.23	-0.29	0.66	0.1	-0.57	0.67	0.35	0.04	-0.17	0.43	0.57	0.15	0.45	-0.02	0.9	0.71	-0.3	-0.29	0.77	0.22	-0.36		-0.55	0.44
Short Term Debt	-0.47	0.76	-0.24	0.95	-0.95	-0.18	0.76	-0.94	-0.5	-0.21	-0.12	-0.37	-0.53	-0.34	-0.35	-0.38	-0.62	-0.32	0.42	0.68	-0.6	0.01	0.73	-0.55		-0.24
Short Term Investments	-0.08	-0.41	-0.2	-0.09	0.31	-0.16	-0.38	0.22	-0.01	-0.19	-0.34	0.84	0.77	-0.11	0.89	-0.17	0.47	0.05	0.37	-0.17	0.04	0.37	-0.19	0.44	-0.24

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Raj Rayon Account Relationship Matchups

Raj Rayon fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	1.6B	1.0B	3.1B	4.2B	3.0B
Short Long Term Debt Total	7.2B	7.1B	7.1B	1.3B	1.8B	1.7B
Other Current Liab	(46K)	506.8M	17.9M	48.4M	50.9M	48.3M
Total Current Liabilities	7.4B	7.4B	21.1M	1.4B	2.1B	3.4B
Total Stockholder Equity	(5.7B)	(6.1B)	1.0B	1.0B	1.1B	1.1B
Property Plant And Equipment Net	1.6B	1.3B	944.9M	1.5B	2.3B	1.7B
Net Debt	7.1B	7.1B	(900K)	1.2B	1.7B	1.6B
Retained Earnings	(6.8B)	(7.2B)	(769.1M)	(892.9M)	(852.4M)	(895.0M)
Cash	78K	586K	900K	2.0M	70.3M	41.7M
Non Current Assets Total	1.7B	1.4B	982.0M	1.8B	2.3B	1.9B
Non Currrent Assets Other	106.2M	104.6M	36.7M	358.2M	1.3M	1.2M
Cash And Short Term Investments	78K	586K	900K	12.7M	294.9M	309.6M
Net Receivables	185.2M	147.8M	5K	233.3M	363.1M	375.0M
Liabilities And Stockholders Equity	1.9B	1.6B	1.0B	3.1B	4.2B	3.0B
Non Current Liabilities Total	240M	240.0M	1.7M	688.1M	1.0B	1.5B
Other Current Assets	1K	36.5M	40.2M	544.9M	495.4M	343.9M
Total Liab	7.6B	7.6B	21.1M	2.1B	3.1B	5.4B
Total Current Assets	191.4M	190.9M	41.4M	1.3B	2.0B	1.1B
Accounts Payable	8.7M	8.6M	3.3M	746.5M	1.3B	1.3B
Short Term Investments	1.0M	121K	36.1M	10.7M	224.6M	235.8M

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Raj Short Term Debt vs Net Receivables Analysis

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Receivables

Raj Rayon fundamental ratios Correlations

Raj Rayon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Raj Rayon fundamental ratios Accounts

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Additional Tools for Raj Stock Analysis

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Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Common Stock Shares Outstanding	+ 0.99	Other Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Short Term Debt	+ 0.95	Total Current Liabilities
Total Liab	+ 0.93	Net Debt

Short Term Debt	- 0.95	Total Stockholder Equity
Short Term Debt	- 0.94	Retained Earnings
Net Debt	- 0.86	Total Stockholder Equity
Total Stockholder Equity	- 0.86	Total Current Liabilities
Total Stockholder Equity	- 0.86	Short Long Term Debt Total
Retained Earnings	- 0.85	Total Current Liabilities