Richelieu Short Long Term Debt Total vs Cash Analysis

RCH Stock  CAD 39.01  0.50  1.30%   
Richelieu Hardware financial indicator trend analysis is much more than just breaking down Richelieu Hardware prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Richelieu Hardware is a good investment. Please check the relationship between Richelieu Hardware Short Long Term Debt Total and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richelieu Hardware. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Long Term Debt Total vs Cash

Short Long Term Debt Total vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richelieu Hardware Short Long Term Debt Total account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Richelieu Hardware's Short Long Term Debt Total and Cash is -0.1. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash in the same time period over historical financial statements of Richelieu Hardware, assuming nothing else is changed. The correlation between historical values of Richelieu Hardware's Short Long Term Debt Total 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 Short Long Term Debt Total of Richelieu Hardware 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 Short Long Term Debt Total i.e., Richelieu Hardware's Short Long Term Debt Total and Cash go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Long Term Debt Total

Cash

Cash refers to the most liquid asset of Richelieu Hardware, which is listed under current asset account on Richelieu Hardware balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Richelieu Hardware customers. The amounts must be unrestricted with restricted cash listed in a different Richelieu Hardware 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 Richelieu Hardware's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Richelieu Hardware 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 Richelieu Hardware. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 23rd of November 2024, Enterprise Value is likely to grow to about 526.5 M, while Tax Provision is likely to drop about 37.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit507.3M184.3M212.0M137.2M
Total Revenue1.8B1.8B2.1B2.2B

Richelieu Hardware fundamental ratios Correlations

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0.950.770.960.920.940.98-0.040.910.95-0.340.9-0.530.960.960.760.760.890.960.950.90.96-0.1-0.10.83-0.86
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0.960.960.660.930.90.940.180.950.93-0.480.93-0.640.920.980.640.640.960.920.970.920.95-0.03-0.030.85-0.88
0.990.920.820.930.960.88-0.020.980.98-0.210.99-0.770.940.980.810.810.820.950.990.730.98-0.01-0.010.84-0.82
0.970.940.90.90.960.92-0.210.930.99-0.220.94-0.60.990.940.890.890.780.990.950.730.97-0.01-0.010.81-0.85
0.920.980.780.940.880.92-0.110.860.92-0.310.85-0.430.930.940.770.770.850.940.910.910.93-0.25-0.250.8-0.8
-0.01-0.04-0.580.18-0.02-0.21-0.110.13-0.12-0.630.06-0.28-0.140.05-0.6-0.60.39-0.170.050.22-0.030.290.290.12-0.17
0.980.910.730.950.980.930.860.130.97-0.370.99-0.780.930.970.710.710.890.940.990.750.970.080.080.86-0.88
0.990.950.870.930.980.990.92-0.120.97-0.240.97-0.670.980.970.860.860.820.990.980.740.990.00.00.84-0.86
-0.28-0.340.16-0.48-0.21-0.22-0.31-0.63-0.37-0.24-0.260.13-0.34-0.30.20.19-0.68-0.27-0.3-0.53-0.29-0.44-0.44-0.350.62
0.990.90.770.930.990.940.850.060.990.97-0.26-0.80.920.970.760.760.840.930.990.720.970.020.020.85-0.83
-0.73-0.53-0.45-0.64-0.77-0.6-0.43-0.28-0.78-0.670.13-0.8-0.55-0.71-0.45-0.45-0.57-0.57-0.75-0.39-0.64-0.25-0.25-0.610.52
0.960.960.850.920.940.990.93-0.140.930.98-0.340.92-0.550.940.830.830.840.990.940.770.970.040.040.83-0.91
0.990.960.770.980.980.940.940.050.970.97-0.30.97-0.710.940.760.750.890.950.990.840.98-0.1-0.10.86-0.83
0.80.761.00.640.810.890.77-0.60.710.860.20.76-0.450.830.761.00.430.860.770.450.8-0.17-0.170.6-0.56
0.80.761.00.640.810.890.77-0.60.710.860.190.76-0.450.830.751.00.430.860.760.460.8-0.17-0.170.6-0.56
0.860.890.460.960.820.780.850.390.890.82-0.680.84-0.570.840.890.430.430.820.880.910.870.090.090.81-0.9
0.970.960.880.920.950.990.94-0.170.940.99-0.270.93-0.570.990.950.860.860.820.950.770.98-0.04-0.040.83-0.86
1.00.950.780.970.990.950.910.050.990.98-0.30.99-0.750.940.990.770.760.880.950.80.98-0.01-0.010.86-0.85
0.780.90.470.920.730.730.910.220.750.74-0.530.72-0.390.770.840.450.460.910.770.80.79-0.18-0.180.72-0.73
0.990.960.810.950.980.970.93-0.030.970.99-0.290.97-0.640.970.980.80.80.870.980.980.79-0.05-0.050.86-0.88
-0.01-0.1-0.15-0.03-0.01-0.01-0.250.290.080.0-0.440.02-0.250.04-0.1-0.17-0.170.09-0.04-0.01-0.18-0.051.0-0.05-0.28
-0.01-0.1-0.15-0.03-0.01-0.01-0.250.290.080.0-0.440.02-0.250.04-0.1-0.17-0.170.09-0.04-0.01-0.18-0.051.0-0.05-0.28
0.850.830.620.850.840.810.80.120.860.84-0.350.85-0.610.830.860.60.60.810.830.860.720.86-0.05-0.05-0.83
-0.86-0.86-0.58-0.88-0.82-0.85-0.8-0.17-0.88-0.860.62-0.830.52-0.91-0.83-0.56-0.56-0.9-0.86-0.85-0.73-0.88-0.28-0.28-0.83
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Richelieu Hardware Account Relationship Matchups

Richelieu Hardware fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets771.1M964.2M1.3B1.3B1.5B1.6B
Short Long Term Debt Total83.7M99.5M264.1M209.3M240.7M252.7M
Other Current Liab4.0M21.3M10.7M237.7M273.4M287.0M
Total Current Liabilities145.3M202.8M348.2M237.7M273.4M287.0M
Total Stockholder Equity551.1M666.4M817.2M904.9M1.0B1.1B
Property Plant And Equipment Net114.0M133.3M171.0M245.2M282.0M296.1M
Net Debt9.8M40.8M242.9M185.6M213.4M224.1M
Retained Earnings480.8M590.5M719.2M75.8M87.2M82.8M
Accounts Payable120.2M155.0M169.9M162.1M186.4M195.7M
Non Current Assets Total248.4M305.0M373.1M455.5M523.8M550.0M
Non Currrent Assets Other(241.4M)(297.9M)(365.1M)5K4.5K4.7K
Net Receivables156.9M199.6M222.2M231.9M266.7M280.0M
Common Stock Shares Outstanding56.6M56.5M56.3M56.2M50.6M52.0M
Liabilities And Stockholders Equity771.1M964.2M1.3B1.3B1.5B1.6B
Non Current Liabilities Total71.3M92.4M115.8M139.4M160.3M168.3M
Inventory287.3M395.5M660.2M572.4M658.2M691.1M
Other Current Assets4.5M5.4M7.1M835.8M961.2M1.0B
Other Stockholder Equity6.3M7.0M8.4M755.9M869.3M912.8M
Total Liab216.6M295.2M464.0M237.7M273.4M287.0M
Property Plant And Equipment Gross114.0M247.3M299.2M373.5M429.5M451.0M
Total Current Assets522.7M659.2M910.8M859.5M988.4M1.0B
Accumulated Other Comprehensive Income15.5M14.3M27.7M900K1.0M786.8K
Short Term Debt21.1M26.5M167.6M63.5M73.1M76.7M
Intangible Assets42.2M53.9M66.6M67.8M78.0M81.9M
Cash73.9M58.7M21.2M23.7M27.3M33.6M
Cash And Short Term Investments73.9M58.7M21.2M23.7M27.3M33.6M
Good Will85.2M110.8M127.5M135.1M155.4M80.4M
Common Stock48.5M54.6M61.8M72.3M83.1M46.6M
Short Long Term Debt3.6M5.3M138.4M25.6M29.4M19.6M
Other Liab7.4M8.7M19.5M19.3M22.1M23.3M
Net Tangible Assets382.8M423.7M501.8M623.1M716.6M422.8M
Other Assets6.3M6.9M7.1M8.0M9.2M6.7M
Long Term Debt2.2M1.1M859K2.4M2.8M2.9M
Property Plant Equipment105.0M114.0M133.3M171.0M196.7M206.5M
Long Term Debt Total53.3M62.7M73.0M96.6M111.0M116.6M
Capital Surpluse5.7M6.3M7.0M8.4M9.7M5.0M
Non Current Liabilities Other1.8M9.6M9.2M12.2M14.0M14.7M
Cash And Equivalents24.7M73.9M58.7M21.2M24.4M40.6M

Pair Trading with Richelieu Hardware

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Richelieu Hardware position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Richelieu Hardware will appreciate offsetting losses from the drop in the long position's value.

Moving against Richelieu Stock

  0.38TD-PFI Toronto Dominion BankPairCorr
The ability to find closely correlated positions to Richelieu Hardware could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richelieu Hardware when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Richelieu Hardware - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Richelieu Hardware to buy it.
The correlation of Richelieu Hardware is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richelieu Hardware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richelieu Hardware moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Richelieu Hardware can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Richelieu Stock

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