Raytech Net Debt vs Current Deferred Revenue Analysis

RAY Stock

1.52 0.03 1.94%

Raytech Holding financial indicator trend analysis is much more than just breaking down Raytech Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raytech Holding is a good investment. Please check the relationship between Raytech Holding Net Debt and its Current Deferred Revenue accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raytech Holding 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 nation.

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raytech Holding Net Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Raytech Holding's Net Debt and Current Deferred Revenue is -0.28. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Raytech Holding Limited, assuming nothing else is changed. The correlation between historical values of Raytech Holding's Net Debt and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Raytech Holding Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Debt i.e., Raytech Holding's Net Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Raytech Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raytech Holding 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 Raytech Holding 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 nation.

At this time, Raytech Holding's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 72.18 in 2024, whereas Tax Provision is likely to drop slightly above 1.9 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.8K	14.9K	4.9K	7.3K
Interest Income	327.0	143.4K	1.4M	1.5M

Depreciation And Amortization Interest Income

Raytech Holding fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Other Assets
Total Assets		0.47	1.0	1.0	-0.86	-0.99	1.0	0.94	0.99	0.86	0.86	0.99	0.84	-0.91	0.29	0.23	1.0	0.7	-0.1	1.0	-0.94	0.69	0.34	-0.67	0.21	0.77
Other Current Liab	0.47		0.46	0.48	0.01	-0.4	0.47	0.22	0.4	-0.01	-0.01	0.4	0.35	-0.36	0.6	-0.12	0.46	-0.08	-0.23	0.48	-0.38	-0.06	0.62	0.29	-0.71	-0.17
Total Current Liabilities	1.0	0.46		1.0	-0.86	-0.99	1.0	0.95	0.99	0.86	0.86	0.99	0.84	-0.91	0.28	0.22	1.0	0.71	-0.09	1.0	-0.94	0.7	0.33	-0.68	0.22	0.77
Total Stockholder Equity	1.0	0.48	1.0		-0.85	-0.99	1.0	0.94	0.99	0.86	0.86	0.99	0.83	-0.9	0.31	0.24	1.0	0.69	-0.11	1.0	-0.94	0.68	0.35	-0.67	0.2	0.76
Property Plant And Equipment Net	-0.86	0.01	-0.86	-0.85		0.91	-0.85	-0.97	-0.91	-1.0	-1.0	-0.91	-0.83	0.83	0.17	-0.1	-0.86	-0.93	-0.23	-0.84	0.86	-0.92	0.12	0.95	-0.64	-0.99
Net Debt	-0.99	-0.4	-0.99	-0.99	0.91		-0.99	-0.97	-1.0	-0.91	-0.91	-1.0	-0.89	0.89	-0.17	-0.15	-0.99	-0.79	-0.01	-0.99	0.93	-0.78	-0.22	0.75	-0.28	-0.82
Retained Earnings	1.0	0.47	1.0	1.0	-0.85	-0.99		0.94	0.99	0.86	0.86	0.99	0.83	-0.91	0.3	0.23	1.0	0.69	-0.11	1.0	-0.94	0.68	0.35	-0.67	0.2	0.76
Accounts Payable	0.94	0.22	0.95	0.94	-0.97	-0.97	0.94		0.98	0.97	0.97	0.98	0.88	-0.9	-0.03	0.08	0.95	0.87	0.16	0.93	-0.93	0.87	0.02	-0.85	0.47	0.92
Cash	0.99	0.4	0.99	0.99	-0.91	-1.0	0.99	0.98		0.91	0.91	1.0	0.87	-0.92	0.17	0.15	0.99	0.78	0.02	0.99	-0.95	0.77	0.22	-0.74	0.29	0.83
Non Current Assets Total	0.86	-0.01	0.86	0.86	-1.0	-0.91	0.86	0.97	0.91		1.0	0.91	0.81	-0.84	-0.15	0.14	0.86	0.91	0.2	0.85	-0.87	0.9	-0.1	-0.94	0.65	0.99
Non Currrent Assets Other	0.86	-0.01	0.86	0.86	-1.0	-0.91	0.86	0.97	0.91	1.0		0.91	0.81	-0.84	-0.15	0.14	0.86	0.91	0.2	0.85	-0.87	0.9	-0.1	-0.94	0.65	0.99
Cash And Short Term Investments	0.99	0.4	0.99	0.99	-0.91	-1.0	0.99	0.98	1.0	0.91	0.91		0.87	-0.92	0.17	0.15	0.99	0.78	0.02	0.99	-0.95	0.77	0.22	-0.74	0.29	0.83
Net Receivables	0.84	0.35	0.84	0.83	-0.83	-0.89	0.83	0.88	0.87	0.81	0.81	0.87		-0.64	-0.06	-0.11	0.84	0.89	0.2	0.83	-0.71	0.89	-0.02	-0.75	0.18	0.75
Common Stock Shares Outstanding	-0.91	-0.36	-0.91	-0.9	0.83	0.89	-0.91	-0.9	-0.92	-0.84	-0.84	-0.92	-0.64		-0.13	-0.1	-0.91	-0.61	-0.11	-0.9	1.0	-0.62	-0.18	0.62	-0.39	-0.77
Inventory	0.29	0.6	0.28	0.31	0.17	-0.17	0.3	-0.03	0.17	-0.15	-0.15	0.17	-0.06	-0.13		0.68	0.28	-0.41	-0.91	0.32	-0.13	-0.44	1.0	0.34	-0.57	-0.26
Other Stockholder Equity	0.23	-0.12	0.22	0.24	-0.1	-0.15	0.23	0.08	0.15	0.14	0.14	0.15	-0.11	-0.1	0.68		0.22	-0.14	-0.87	0.24	-0.1	-0.21	0.68	-0.13	0.11	0.13
Total Liab	1.0	0.46	1.0	1.0	-0.86	-0.99	1.0	0.95	0.99	0.86	0.86	0.99	0.84	-0.91	0.28	0.22		0.71	-0.09	1.0	-0.94	0.7	0.33	-0.68	0.22	0.77
Net Invested Capital	0.7	-0.08	0.71	0.69	-0.93	-0.79	0.69	0.87	0.78	0.91	0.91	0.78	0.89	-0.61	-0.41	-0.14	0.71		0.43	0.68	-0.66	1.0	-0.37	-0.94	0.58	0.92
Property Plant And Equipment Gross	-0.1	-0.23	-0.09	-0.11	-0.23	-0.01	-0.11	0.16	0.02	0.2	0.2	0.02	0.2	-0.11	-0.91	-0.87	-0.09	0.43		-0.12	-0.1	0.48	-0.9	-0.26	0.39	0.25
Total Current Assets	1.0	0.48	1.0	1.0	-0.84	-0.99	1.0	0.93	0.99	0.85	0.85	0.99	0.83	-0.9	0.32	0.24	1.0	0.68	-0.12		-0.93	0.67	0.37	-0.66	0.19	0.75
Capital Stock	-0.94	-0.38	-0.94	-0.94	0.86	0.93	-0.94	-0.93	-0.95	-0.87	-0.87	-0.95	-0.71	1.0	-0.13	-0.1	-0.94	-0.66	-0.1	-0.93		-0.67	-0.18	0.66	-0.37	-0.79
Net Working Capital	0.69	-0.06	0.7	0.68	-0.92	-0.78	0.68	0.87	0.77	0.9	0.9	0.77	0.89	-0.62	-0.44	-0.21	0.7	1.0	0.48	0.67	-0.67		-0.4	-0.92	0.57	0.9
Common Stock	0.34	0.62	0.33	0.35	0.12	-0.22	0.35	0.02	0.22	-0.1	-0.1	0.22	-0.02	-0.18	1.0	0.68	0.33	-0.37	-0.9	0.37	-0.18	-0.4		0.3	-0.54	-0.22
Short Long Term Debt Total	-0.67	0.29	-0.68	-0.67	0.95	0.75	-0.67	-0.85	-0.74	-0.94	-0.94	-0.74	-0.75	0.62	0.34	-0.13	-0.68	-0.94	-0.26	-0.66	0.66	-0.92	0.3		-0.77	-0.98
Current Deferred Revenue	0.21	-0.71	0.22	0.2	-0.64	-0.28	0.2	0.47	0.29	0.65	0.65	0.29	0.18	-0.39	-0.57	0.11	0.22	0.58	0.39	0.19	-0.37	0.57	-0.54	-0.77		0.76
Other Assets	0.77	-0.17	0.77	0.76	-0.99	-0.82	0.76	0.92	0.83	0.99	0.99	0.83	0.75	-0.77	-0.26	0.13	0.77	0.92	0.25	0.75	-0.79	0.9	-0.22	-0.98	0.76

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Raytech Holding Account Relationship Matchups

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Raytech Net Debt vs Current Deferred Revenue Analysis

Net Debt vs Current Deferred Revenue

Net Debt vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Debt

Current Deferred Revenue

Raytech Holding fundamental ratios Correlations

Raytech Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Raytech Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Current Liabilities

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Non Currrent Assets Other	- 1.0	Property Plant And Equipment Net
Non Current Assets Total	- 1.0	Property Plant And Equipment Net
Total Current Assets	- 0.99	Net Debt
Total Liab	- 0.99	Net Debt