Raiden Total Other Income Expense Net vs Net Income Analysis

RDN Stock   0.01  0  8.33%   
Raiden Resources financial indicator trend analysis is much more than just breaking down Raiden Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raiden Resources is a good investment. Please check the relationship between Raiden Resources Total Other Income Expense Net and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raiden Resources. 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.

Total Other Income Expense Net vs Net Income

Total Other Income Expense Net vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raiden Resources Total Other Income Expense Net account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Raiden Resources' Total Other Income Expense Net and Net Income is 0.95. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income in the same time period over historical financial statements of Raiden Resources, assuming nothing else is changed. The correlation between historical values of Raiden Resources' Total Other Income Expense Net and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Raiden Resources are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Other Income Expense Net i.e., Raiden Resources' Total Other Income Expense Net and Net Income go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Other Income Expense Net

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Raiden Resources financial statement analysis. It represents the amount of money remaining after all of Raiden Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Raiden Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raiden Resources 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 Raiden Resources. 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.
Issuance Of Capital Stock is likely to gain to about 2.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 946.3 K in 2024.
 2023 2024 (projected)
Extraordinary Items218.7K194.4K
Cost Of Revenue4.4K4.1K

Raiden Resources fundamental ratios Correlations

0.510.470.020.650.44-0.06-0.020.680.47-0.020.79-0.080.15-0.30.520.670.860.040.240.30.570.10.46-0.270.33
0.510.9-0.730.270.84-0.57-0.60.140.11-0.60.790.24-0.4-0.190.90.210.71-0.10.230.80.50.240.5-0.650.08
0.470.9-0.870.220.98-0.68-0.540.04-0.01-0.540.780.3-0.49-0.151.00.110.72-0.120.230.960.520.290.8-0.540.1
0.02-0.73-0.870.1-0.880.710.620.340.330.63-0.47-0.390.690.05-0.840.24-0.360.19-0.09-0.91-0.31-0.29-0.670.470.1
0.650.270.220.10.18-0.290.180.820.230.180.490.480.13-0.650.270.740.580.450.050.240.64-0.090.24-0.150.27
0.440.840.98-0.880.18-0.62-0.610.01-0.13-0.620.790.32-0.59-0.190.980.10.72-0.170.130.950.590.30.84-0.540.01
-0.06-0.57-0.680.71-0.29-0.620.23-0.16-0.150.23-0.24-0.690.180.19-0.63-0.18-0.21-0.52-0.34-0.82-0.29-0.25-0.460.39-0.25
-0.02-0.6-0.540.620.18-0.610.230.130.391.0-0.52-0.240.690.25-0.54-0.03-0.30.280.3-0.51-0.42-0.19-0.330.250.41
0.680.140.040.340.820.01-0.160.130.460.140.380.370.32-0.640.080.980.440.620.10.030.540.050.06-0.050.33
0.470.11-0.010.330.23-0.13-0.150.390.460.41-0.04-0.260.790.34-0.030.380.080.470.53-0.09-0.17-0.08-0.21-0.140.45
-0.02-0.6-0.540.630.18-0.620.231.00.140.41-0.52-0.240.710.25-0.54-0.03-0.30.290.3-0.51-0.42-0.19-0.330.250.41
0.790.790.78-0.470.490.79-0.24-0.520.38-0.04-0.520.18-0.44-0.450.830.450.96-0.210.060.650.780.250.68-0.40.08
-0.080.240.3-0.390.480.32-0.69-0.240.37-0.26-0.240.18-0.42-0.660.290.420.150.59-0.040.520.60.270.22-0.180.08
0.15-0.4-0.490.690.13-0.590.180.690.320.790.71-0.44-0.420.33-0.50.18-0.310.430.41-0.55-0.52-0.2-0.460.260.45
-0.3-0.19-0.150.05-0.65-0.190.190.25-0.640.340.25-0.45-0.660.33-0.21-0.68-0.39-0.290.21-0.21-0.63-0.24-0.27-0.03-0.08
0.520.91.0-0.840.270.98-0.63-0.540.08-0.03-0.540.830.29-0.5-0.210.150.78-0.140.210.940.570.30.82-0.540.1
0.670.210.110.240.740.1-0.18-0.030.980.38-0.030.450.420.18-0.680.150.480.580.050.10.620.150.11-0.10.27
0.860.710.72-0.360.580.72-0.21-0.30.440.08-0.30.960.15-0.31-0.390.780.48-0.130.160.60.770.250.67-0.380.2
0.04-0.1-0.120.190.45-0.17-0.520.280.620.470.29-0.210.590.43-0.29-0.140.58-0.130.270.050.120.11-0.180.020.36
0.240.230.23-0.090.050.13-0.340.30.10.530.30.06-0.040.410.210.210.050.160.270.2-0.150.670.07-0.20.92
0.30.80.96-0.910.240.95-0.82-0.510.03-0.09-0.510.650.52-0.55-0.210.940.10.60.050.20.560.320.78-0.510.09
0.570.50.52-0.310.640.59-0.29-0.420.54-0.17-0.420.780.6-0.52-0.630.570.620.770.12-0.150.560.190.47-0.38-0.03
0.10.240.29-0.29-0.090.3-0.25-0.190.05-0.08-0.190.250.27-0.2-0.240.30.150.250.110.670.320.190.25-0.150.68
0.460.50.8-0.670.240.84-0.46-0.330.06-0.21-0.330.680.22-0.46-0.270.820.110.67-0.180.070.780.470.25-0.140.09
-0.27-0.65-0.540.47-0.15-0.540.390.25-0.05-0.140.25-0.4-0.180.26-0.03-0.54-0.1-0.380.02-0.2-0.51-0.38-0.15-0.14-0.04
0.330.080.10.10.270.01-0.250.410.330.450.410.080.080.45-0.080.10.270.20.360.920.09-0.030.680.09-0.04
Click cells to compare fundamentals

Raiden Resources Account Relationship Matchups

Raiden Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets576.4K13.5M12.9M10.4M21.5M22.6M
Other Current Liab173.6K853.7K335.4K407.2K280.7K266.6K
Total Current Liabilities266.3K1.1M424.4K602.1K907.0K861.7K
Total Stockholder Equity310.1K12.4M12.5M9.8M20.7M21.8M
Property Plant And Equipment Net92.2K74.8K60.3K52.4K15.5M16.3M
Net Debt(314.3K)(2.7M)(536.2K)(737.8K)(5.7M)(5.4M)
Retained Earnings(6.3M)(8.3M)(13.1M)(18.8M)(22.3M)(23.5M)
Cash314.3K2.7M536.2K737.8K5.7M6.0M
Non Current Assets Total159.9K10.7M12.3M9.4M15.5M16.3M
Non Currrent Assets Other67.7K10.6M11.7M8.9M15.5M16.2M
Cash And Short Term Investments314.3K2.7M536.2K962.3K5.9M6.1M
Net Receivables83.8K87.3K51.2K40.3K106.1K100.8K
Common Stock Shares Outstanding447.3M869.4M1.4B1.6B2.5B2.6B
Liabilities And Stockholders Equity576.4K13.5M12.9M10.4M21.5M22.6M
Other Stockholder Equity(78.43)(12.1K)1.0(7.9K)(1.0)(1.05)
Total Liab266.3K1.1M424.4K602.1K907.0K861.7K
Property Plant And Equipment Gross159.9K10.7M11.8M9.4M10.9M11.4M
Total Current Assets416.5K2.8M635.0K1.0M6.0M3.3M
Accumulated Other Comprehensive Income231.7K250.5K1.6M1.9M4.7M5.0M
Accounts Payable92.7K261.3K89.0K194.8K626.3K595.0K
Other Current Assets18.4K40.0K47.7K40.0K44.1K41.9K
Property Plant Equipment159.9K10.7M11.8M9.4M10.8M11.3M
Net Tangible Assets310.1K12.4M12.5M9.8M11.3M11.9M
Net Invested Capital310.1K12.4M12.5M9.8M11.3M11.9M
Cash And Equivalents1.7M314.3K2.7M536.2K482.5K458.4K
Net Working Capital150.2K1.7M210.6K440.5K506.5K531.9K

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