Redington Common Stock vs Cash Analysis

REDINGTON

248.86 1.39 0.56%

Redington financial indicator trend analysis is much more than just breaking down Redington Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Redington Limited is a good investment. Please check the relationship between Redington Common Stock and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redington 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.

Common Stock vs Cash

Common Stock vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Redington Limited Common Stock account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Redington's Common Stock and Cash is 0.56. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash in the same time period over historical financial statements of Redington Limited, assuming nothing else is changed. The correlation between historical values of Redington's Common Stock 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 Common Stock of Redington Limited 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 Common Stock i.e., Redington's Common Stock and Cash go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

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Common Stock

Cash

Cash refers to the most liquid asset of Redington Limited, which is listed under current asset account on Redington Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Redington customers. The amounts must be unrestricted with restricted cash listed in a different Redington 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 Redington's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Redington Limited 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 Redington 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 gain to about 16.3 B in 2025, whereas Tax Provision is likely to drop slightly above 2.6 B in 2025.

	2023	2024	2025 (projected)
Interest Expense	3.7B	4.3B	4.5B
Depreciation And Amortization	1.8B	2.1B	2.2B

Interest Expense Depreciation And Amortization

Redington fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Good Will	Short Term Investments	Current Deferred Revenue
Total Assets		0.48	0.94	1.0	1.0	0.93	-0.09	0.99	0.99	0.57	0.98	0.5	0.55	0.99	0.14	0.05	0.97	-0.08	-0.3	1.0	1.0	0.55	0.78	0.18	0.12	0.04
Short Long Term Debt Total	0.48		0.48	0.5	0.42	0.51	0.62	0.4	0.39	0.02	0.43	-0.2	-0.04	0.52	-0.36	0.05	0.57	0.15	-0.05	0.51	0.48	0.98	0.53	0.57	-0.36	-0.29
Other Current Liab	0.94	0.48		0.94	0.93	0.85	0.07	0.93	0.92	0.37	0.89	0.25	0.33	0.96	0.15	0.06	0.93	0.0	-0.18	0.94	0.94	0.55	0.7	0.27	-0.12	-0.15
Total Current Liabilities	1.0	0.5	0.94		0.99	0.93	-0.06	0.99	0.99	0.55	0.97	0.48	0.53	0.99	0.11	0.04	0.98	-0.07	-0.29	1.0	1.0	0.58	0.78	0.22	0.09	0.03
Total Stockholder Equity	1.0	0.42	0.93	0.99		0.92	-0.15	1.0	1.0	0.59	0.98	0.54	0.58	0.99	0.19	0.03	0.96	-0.1	-0.31	0.99	1.0	0.5	0.77	0.13	0.16	0.06
Property Plant And Equipment Net	0.93	0.51	0.85	0.93	0.92		-0.16	0.91	0.92	0.68	0.95	0.53	0.66	0.91	0.14	0.21	0.88	0.05	-0.13	0.94	0.93	0.56	0.77	0.22	0.15	0.14
Net Debt	-0.09	0.62	0.07	-0.06	-0.15	-0.16		-0.16	-0.19	-0.77	-0.19	-0.78	-0.79	0.0	-0.59	-0.07	0.08	0.21	0.14	-0.06	-0.09	0.59	-0.11	0.43	-0.72	-0.61
Retained Earnings	0.99	0.4	0.93	0.99	1.0	0.91	-0.16		1.0	0.59	0.98	0.54	0.58	0.99	0.19	0.07	0.96	-0.12	-0.32	0.99	0.99	0.48	0.78	0.13	0.16	0.04
Accounts Payable	0.99	0.39	0.92	0.99	1.0	0.92	-0.19	1.0		0.62	0.98	0.56	0.6	0.98	0.17	0.06	0.96	-0.11	-0.34	0.99	0.99	0.47	0.8	0.15	0.18	0.08
Cash	0.57	0.02	0.37	0.55	0.59	0.68	-0.77	0.59	0.62		0.65	0.85	0.99	0.48	0.46	0.16	0.42	-0.15	-0.22	0.55	0.57	0.04	0.56	-0.1	0.61	0.54
Non Current Assets Total	0.98	0.43	0.89	0.97	0.98	0.95	-0.19	0.98	0.98	0.65		0.57	0.63	0.96	0.17	0.07	0.93	-0.11	-0.27	0.97	0.98	0.5	0.74	0.04	0.16	0.1
Non Currrent Assets Other	0.5	-0.2	0.25	0.48	0.54	0.53	-0.78	0.54	0.56	0.85	0.57		0.9	0.41	0.46	0.04	0.39	-0.26	-0.23	0.47	0.5	-0.15	0.45	-0.26	0.87	0.61
Cash And Short Term Investments	0.55	-0.04	0.33	0.53	0.58	0.66	-0.79	0.58	0.6	0.99	0.63	0.9		0.46	0.5	0.13	0.4	-0.16	-0.21	0.53	0.55	-0.01	0.52	-0.15	0.7	0.58
Net Receivables	0.99	0.52	0.96	0.99	0.99	0.91	0.0	0.99	0.98	0.48	0.96	0.41	0.46		0.09	0.05	0.98	-0.06	-0.29	0.99	0.99	0.6	0.77	0.22	0.03	-0.05
Common Stock Shares Outstanding	0.14	-0.36	0.15	0.11	0.19	0.14	-0.59	0.19	0.17	0.46	0.17	0.46	0.5	0.09		-0.03	0.0	-0.09	0.16	0.11	0.14	-0.33	-0.1	-0.33	0.54	0.36
Non Current Liabilities Total	0.05	0.05	0.06	0.04	0.03	0.21	-0.07	0.07	0.06	0.16	0.07	0.04	0.13	0.05	-0.03		-0.04	-0.01	-0.15	0.07	0.05	-0.11	0.21	0.17	-0.05	-0.48
Inventory	0.97	0.57	0.93	0.98	0.96	0.88	0.08	0.96	0.96	0.42	0.93	0.39	0.4	0.98	0.0	-0.04		-0.05	-0.3	0.98	0.98	0.66	0.77	0.28	0.04	-0.01
Other Current Assets	-0.08	0.15	0.0	-0.07	-0.1	0.05	0.21	-0.12	-0.11	-0.15	-0.11	-0.26	-0.16	-0.06	-0.09	-0.01	-0.05		0.49	-0.07	-0.08	0.13	-0.01	0.26	-0.23	0.14
Other Stockholder Equity	-0.3	-0.05	-0.18	-0.29	-0.31	-0.13	0.14	-0.32	-0.34	-0.22	-0.27	-0.23	-0.21	-0.29	0.16	-0.15	-0.3	0.49		-0.29	-0.3	-0.05	-0.37	0.01	-0.16	0.26
Total Liab	1.0	0.51	0.94	1.0	0.99	0.94	-0.06	0.99	0.99	0.55	0.97	0.47	0.53	0.99	0.11	0.07	0.98	-0.07	-0.29		1.0	0.58	0.79	0.22	0.09	0.02
Total Current Assets	1.0	0.48	0.94	1.0	1.0	0.93	-0.09	0.99	0.99	0.57	0.98	0.5	0.55	0.99	0.14	0.05	0.98	-0.08	-0.3	1.0		0.56	0.78	0.19	0.11	0.04
Short Term Debt	0.55	0.98	0.55	0.58	0.5	0.56	0.59	0.48	0.47	0.04	0.5	-0.15	-0.01	0.6	-0.33	-0.11	0.66	0.13	-0.05	0.58	0.56		0.54	0.52	-0.33	-0.2
Common Stock	0.78	0.53	0.7	0.78	0.77	0.77	-0.11	0.78	0.8	0.56	0.74	0.45	0.52	0.77	-0.1	0.21	0.77	-0.01	-0.37	0.79	0.78	0.54		0.49	0.15	0.0
Good Will	0.18	0.57	0.27	0.22	0.13	0.22	0.43	0.13	0.15	-0.1	0.04	-0.26	-0.15	0.22	-0.33	0.17	0.28	0.26	0.01	0.22	0.19	0.52	0.49		-0.29	-0.17
Short Term Investments	0.12	-0.36	-0.12	0.09	0.16	0.15	-0.72	0.16	0.18	0.61	0.16	0.87	0.7	0.03	0.54	-0.05	0.04	-0.23	-0.16	0.09	0.11	-0.33	0.15	-0.29		0.65
Current Deferred Revenue	0.04	-0.29	-0.15	0.03	0.06	0.14	-0.61	0.04	0.08	0.54	0.1	0.61	0.58	-0.05	0.36	-0.48	-0.01	0.14	0.26	0.02	0.04	-0.2	0.0	-0.17	0.65

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Redington Account Relationship Matchups

Redington fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	145.6B	184.2B	232.8B	243.9B	280.5B	294.6B
Short Long Term Debt Total	6.2B	8.3B	33.2B	29.6B	34.0B	18.0B
Other Current Liab	7.1B	7.0B	8.7B	13.0B	15.0B	15.7B
Total Current Liabilities	89.9B	119.0B	156.3B	162.1B	186.4B	195.7B
Total Stockholder Equity	49.3B	57.8B	69.3B	75.5B	86.8B	91.2B
Property Plant And Equipment Net	3.2B	4.4B	4.9B	4.5B	5.1B	5.4B
Net Debt	(23.2B)	(24.6B)	14.6B	13.5B	12.1B	12.7B
Retained Earnings	39.5B	47.8B	56.6B	63.2B	72.6B	76.3B
Accounts Payable	73.0B	101.5B	109.7B	118.7B	136.5B	143.3B
Cash	29.4B	32.9B	18.6B	16.1B	18.5B	10.8B
Non Current Assets Total	8.5B	10.5B	11.5B	12.3B	14.2B	14.9B
Non Currrent Assets Other	7.7B	8.2B	6.8B	2.5B	2.9B	3.3B
Cash And Short Term Investments	35.2B	36.8B	23.4B	16.1B	18.5B	12.3B
Net Receivables	68.0B	86.8B	127.0B	139.4B	160.3B	168.3B
Common Stock Shares Outstanding	1.6B	781.0M	781.7M	781.7M	898.9M	913.3M
Liabilities And Stockholders Equity	145.6B	184.2B	232.8B	243.9B	280.5B	294.6B
Non Current Liabilities Total	2.6B	4.1B	3.6B	3.2B	2.9B	3.8B
Inventory	29.0B	43.8B	70.9B	66.5B	76.5B	80.3B
Other Current Assets	5.0B	6.6B	10.5B	9.6B	8.7B	8.0B
Other Stockholder Equity	3.3B	1.7B	1.7B	1.8B	1.6B	2.4B
Total Liab	92.5B	123.1B	159.9B	165.3B	190.1B	199.6B
Total Current Assets	137.1B	173.7B	221.4B	231.6B	266.4B	279.7B
Short Term Debt	4.9B	6.0B	31.5B	28.4B	32.6B	18.3B
Good Will	183M	617M	850M	859.8M	773.8M	428.8M
Short Term Investments	5.8B	3.9B	4.8B	2M	2.3M	2.2M
Accumulated Other Comprehensive Income	6.8B	6.7B	9.4B	9.0B	10.4B	10.9B
Current Deferred Revenue	8.0B	7.8B	5.4B	2.0B	2.3B	2.2B
Intangible Assets	2.6B	2.9B	3.0B	3.2B	3.7B	2.0B
Other Liab	1.3B	1.4B	1.8B	1.9B	2.1B	1.2B
Net Tangible Assets	39.9B	46.5B	54.4B	65.4B	75.2B	40.9B
Other Assets	2.8B	2.5B	(200M)	466.7M	536.7M	509.9M
Long Term Debt	45.6M	901.4M	504.6M	387.3M	348.6M	502.5M
Short Long Term Debt	4.3B	5.4B	30.8B	27.7B	31.8B	33.4B
Property Plant Equipment	4.0B	3.2B	4.4B	4.9B	5.6B	3.1B
Capital Surpluse	2.2B	2.2B	2.5B	1.7B	1.6B	2.2B
Long Term Debt Total	1.6B	1.3B	2.3B	1.7B	2.0B	1.1B
Cash And Equivalents	4.7B	19.8B	13.5B	4.9B	5.6B	7.2B
Capital Lease Obligations	1.8B	2.0B	1.9B	1.5B	1.7B	1.5B

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Redington Common Stock vs Cash Analysis

Common Stock vs Cash

Common Stock vs Cash Correlation Analysis

Correlation Coefficient

Common Stock

Cash

Redington fundamental ratios Correlations

Redington Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Redington fundamental ratios Accounts

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Additional Tools for Redington Stock Analysis

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Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Current Liabilities

Cash And Short Term Investments	- 0.79	Net Debt
Non Currrent Assets Other	- 0.78	Net Debt
Cash	- 0.77	Net Debt
Short Term Investments	- 0.72	Net Debt
Current Deferred Revenue	- 0.61	Net Debt
Common Stock Shares Outstanding	- 0.59	Net Debt