Raytech Payout Ratio vs Interest Coverage Analysis
| RAY Stock | 1.28 0.02 1.54% |
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 Payout Ratio and its Interest Coverage 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.
Payout Ratio vs Interest Coverage
Payout Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raytech Holding Payout Ratio account and Interest Coverage. At this time, the significance of the direction appears to have pay attention.
The correlation between Raytech Holding's Payout Ratio and Interest Coverage is -0.97. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Interest Coverage 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 Payout Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Raytech Holding Limited are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Payout Ratio i.e., Raytech Holding's Payout Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | -0.97 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Payout Ratio
Payout Ratio is the proportion of Raytech Holding Limited earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Raytech Holding dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Raytech Holding is paying out more in dividends than it makes in net income.Interest Coverage
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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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 Raytech Stock Analysis
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.