Raytech Other Current Liab vs Cash Analysis
| RAY Stock | 1.49 0.06 3.87% |
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 Other Current Liab and its Cash 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.
Other Current Liab vs Cash
Other Current Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raytech Holding Other Current Liab account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Raytech Holding's Other Current Liab and Cash is 0.4. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash 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 Other Current Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Raytech Holding Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., Raytech Holding's Other Current Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.4 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Other Current Liab
Cash
Cash refers to the most liquid asset of Raytech Holding, which is listed under current asset account on Raytech Holding Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Raytech Holding customers. The amounts must be unrestricted with restricted cash listed in a different Raytech Holding account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 |
Raytech Holding fundamental ratios Correlations
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Raytech Holding Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Raytech Holding's price analysis, check to measure Raytech Holding's 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 Raytech Holding is operating at the current time. Most of Raytech Holding's value examination focuses on studying past and present price action to predict the probability of Raytech Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raytech Holding's price. Additionally, you may evaluate how the addition of Raytech Holding to your portfolios can decrease your overall portfolio volatility.