Roadzen Intangible Assets vs Net Debt Analysis
| RDZNW Stock | 0.04 0.01 25.68% |
Roadzen financial indicator trend analysis is much more than just breaking down Roadzen prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Roadzen is a good investment. Please check the relationship between Roadzen Intangible Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roadzen. 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. For more information on how to buy Roadzen Stock please use our How to Invest in Roadzen guide.
Intangible Assets vs Net Debt
Intangible Assets vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Roadzen Intangible Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Roadzen's Intangible Assets and Net Debt is 0.91. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Roadzen, assuming nothing else is changed. The correlation between historical values of Roadzen's Intangible Assets and Net 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 Intangible Assets of Roadzen are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Intangible Assets i.e., Roadzen's Intangible Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Roadzen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Roadzen 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 Roadzen. 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. For more information on how to buy Roadzen Stock please use our How to Invest in Roadzen guide.At this time, Roadzen's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 6.4 M in 2024, whereas Tax Provision is likely to drop (24.8 K) in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 4.8M | 5.4M | 18.1M | 19.0M | Research Development | 1.3M | 2.7M | 5.0M | 2.7M |
Roadzen fundamental ratios Correlations
Click cells to compare fundamentals
Roadzen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Roadzen's price analysis, check to measure Roadzen'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 Roadzen is operating at the current time. Most of Roadzen's value examination focuses on studying past and present price action to predict the probability of Roadzen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Roadzen's price. Additionally, you may evaluate how the addition of Roadzen to your portfolios can decrease your overall portfolio volatility.