Reliance Short Term Debt vs Long Term Debt Analysis
RCOM Stock | 1.78 0.00 0.00% |
Reliance Communications financial indicator trend analysis is much more than just breaking down Reliance Communications prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Communications is a good investment. Please check the relationship between Reliance Communications Short Term Debt and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Communications 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 board of governors.
Short Term Debt vs Long Term Debt
Short Term Debt vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Communications Short Term Debt account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Reliance Communications' Short Term Debt and Long Term Debt is -0.93. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Reliance Communications Limited, assuming nothing else is changed. The correlation between historical values of Reliance Communications' Short Term Debt and Long Term Debt 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 Reliance Communications Limited are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Debt i.e., Reliance Communications' Short Term Debt and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.93 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Short Term Debt
Long Term Debt
Long-term debt is a debt that Reliance Communications has held for over one year. Long-term debt appears on Reliance Communications Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Reliance Communications Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Reliance Communications' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Communications 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 Reliance Communications 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 board of governors. Selling General Administrative is likely to drop to about 1.7 B in 2024. Tax Provision is likely to drop to about 133 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 2.5B | 1.6B | 1.5B | Total Revenue | 5.6B | 4.8B | 3.8B | 3.6B |
Reliance Communications fundamental ratios Correlations
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Reliance Communications Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Reliance Communications' price analysis, check to measure Reliance Communications' 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 Reliance Communications is operating at the current time. Most of Reliance Communications' value examination focuses on studying past and present price action to predict the probability of Reliance Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Communications' price. Additionally, you may evaluate how the addition of Reliance Communications to your portfolios can decrease your overall portfolio volatility.