Redington Short Term Debt vs Net Receivables Analysis

REDINGTON

196.03 1.89 0.95%

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 Short Term Debt and its Net Receivables 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.

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

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

The correlation between Redington's Short Term Debt and Net Receivables is 0.52. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Receivables 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 Short Term Debt and Net Receivables 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 Redington Limited are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Debt i.e., Redington's Short Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Short Term Debt

Net Receivables

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 14.2 B in 2024, whereas Tax Provision is likely to drop slightly above 2.6 B in 2024.

	2021	2023	2024 (projected)
Interest Expense	1.1B	3.7B	3.9B
Depreciation And Amortization	1.4B	1.8B	1.9B

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		0.37	0.92	1.0	0.99	0.76	-0.17	0.99	0.99	0.6	0.97	0.6	0.6	0.99	0.12	0.03	0.96	-0.08	-0.23	1.0	1.0	0.47	0.77	0.31	0.29	0.19
Short Long Term Debt Total	0.37		0.36	0.41	0.29	0.49	0.64	0.27	0.27	-0.07	0.32	-0.22	-0.11	0.43	-0.44	0.05	0.5	0.17	0.06	0.41	0.37	0.97	0.38	0.51	-0.31	-0.21
Other Current Liab	0.92	0.36		0.92	0.91	0.58	0.02	0.91	0.89	0.37	0.85	0.34	0.36	0.94	0.14	0.03	0.9	0.02	-0.08	0.92	0.92	0.46	0.64	0.47	0.02	-0.02
Total Current Liabilities	1.0	0.41	0.92		0.99	0.76	-0.13	0.99	0.99	0.58	0.96	0.57	0.58	0.99	0.09	0.02	0.97	-0.07	-0.22	1.0	1.0	0.51	0.77	0.35	0.26	0.18
Total Stockholder Equity	0.99	0.29	0.91	0.99		0.74	-0.24	1.0	1.0	0.63	0.97	0.64	0.63	0.98	0.18	0.01	0.94	-0.11	-0.25	0.99	0.99	0.4	0.75	0.24	0.33	0.22
Property Plant And Equipment Net	0.76	0.49	0.58	0.76	0.74		-0.31	0.73	0.75	0.79	0.8	0.64	0.77	0.71	0.09	0.15	0.69	0.09	-0.03	0.77	0.76	0.5	0.8	0.2	0.41	0.44
Net Debt	-0.17	0.64	0.02	-0.13	-0.24	-0.31		-0.24	-0.27	-0.8	-0.28	-0.77	-0.81	-0.05	-0.59	-0.07	0.05	0.21	0.17	-0.13	-0.16	0.62	-0.19	0.46	-0.72	-0.61
Retained Earnings	0.99	0.27	0.91	0.99	1.0	0.73	-0.24		1.0	0.63	0.97	0.65	0.63	0.98	0.18	0.05	0.94	-0.12	-0.27	0.99	0.99	0.37	0.76	0.25	0.33	0.18
Accounts Payable	0.99	0.27	0.89	0.99	1.0	0.75	-0.27	1.0		0.66	0.97	0.67	0.66	0.97	0.15	0.04	0.94	-0.12	-0.29	0.99	0.99	0.36	0.78	0.27	0.35	0.23
Cash	0.6	-0.07	0.37	0.58	0.63	0.79	-0.8	0.63	0.66		0.7	0.86	0.99	0.5	0.46	0.16	0.42	-0.15	-0.19	0.59	0.6	-0.04	0.57	-0.15	0.67	0.59
Non Current Assets Total	0.97	0.32	0.85	0.96	0.97	0.8	-0.28	0.97	0.97	0.7		0.67	0.69	0.95	0.15	0.05	0.9	-0.12	-0.2	0.96	0.97	0.41	0.71	0.13	0.33	0.26
Non Currrent Assets Other	0.6	-0.22	0.34	0.57	0.64	0.64	-0.77	0.65	0.67	0.86	0.67		0.91	0.51	0.46	0.05	0.47	-0.26	-0.24	0.57	0.6	-0.16	0.55	-0.24	0.89	0.62
Cash And Short Term Investments	0.6	-0.11	0.36	0.58	0.63	0.77	-0.81	0.63	0.66	0.99	0.69	0.91		0.5	0.5	0.13	0.43	-0.16	-0.19	0.58	0.6	-0.07	0.56	-0.18	0.75	0.62
Net Receivables	0.99	0.43	0.94	0.99	0.98	0.71	-0.05	0.98	0.97	0.5	0.95	0.51	0.5		0.06	0.03	0.98	-0.06	-0.22	0.99	0.99	0.52	0.75	0.37	0.19	0.09
Common Stock Shares Outstanding	0.12	-0.44	0.14	0.09	0.18	0.09	-0.59	0.18	0.15	0.46	0.15	0.46	0.5	0.06		-0.03	-0.05	-0.09	0.18	0.09	0.12	-0.4	-0.16	-0.3	0.57	0.38
Non Current Liabilities Total	0.03	0.05	0.03	0.02	0.01	0.15	-0.07	0.05	0.04	0.16	0.05	0.05	0.13	0.03	-0.03		-0.08	-0.01	-0.15	0.05	0.02	-0.13	0.25	0.24	-0.05	-0.49
Inventory	0.96	0.5	0.9	0.97	0.94	0.69	0.05	0.94	0.94	0.42	0.9	0.47	0.43	0.98	-0.05	-0.08		-0.05	-0.24	0.97	0.97	0.61	0.75	0.43	0.19	0.13
Other Current Assets	-0.08	0.17	0.02	-0.07	-0.11	0.09	0.21	-0.12	-0.12	-0.15	-0.12	-0.26	-0.16	-0.06	-0.09	-0.01	-0.05		0.5	-0.07	-0.08	0.15	0.0	0.24	-0.24	0.14
Other Stockholder Equity	-0.23	0.06	-0.08	-0.22	-0.25	-0.03	0.17	-0.27	-0.29	-0.19	-0.2	-0.24	-0.19	-0.22	0.18	-0.15	-0.24	0.5		-0.23	-0.24	0.05	-0.3	0.03	-0.22	0.22
Total Liab	1.0	0.41	0.92	1.0	0.99	0.77	-0.13	0.99	0.99	0.59	0.96	0.57	0.58	0.99	0.09	0.05	0.97	-0.07	-0.23		1.0	0.5	0.78	0.36	0.26	0.17
Total Current Assets	1.0	0.37	0.92	1.0	0.99	0.76	-0.16	0.99	0.99	0.6	0.97	0.6	0.6	0.99	0.12	0.02	0.97	-0.08	-0.24	1.0		0.47	0.77	0.32	0.28	0.19
Short Term Debt	0.47	0.97	0.46	0.51	0.4	0.5	0.62	0.37	0.36	-0.04	0.41	-0.16	-0.07	0.52	-0.4	-0.13	0.61	0.15	0.05	0.5	0.47		0.39	0.48	-0.27	-0.11
Common Stock	0.77	0.38	0.64	0.77	0.75	0.8	-0.19	0.76	0.78	0.57	0.71	0.55	0.56	0.75	-0.16	0.25	0.75	0.0	-0.3	0.78	0.77	0.39		0.45	0.32	0.15
Good Will	0.31	0.51	0.47	0.35	0.24	0.2	0.46	0.25	0.27	-0.15	0.13	-0.24	-0.18	0.37	-0.3	0.24	0.43	0.24	0.03	0.36	0.32	0.48	0.45		-0.34	-0.24
Short Term Investments	0.29	-0.31	0.02	0.26	0.33	0.41	-0.72	0.33	0.35	0.67	0.33	0.89	0.75	0.19	0.57	-0.05	0.19	-0.24	-0.22	0.26	0.28	-0.27	0.32	-0.34		0.64
Current Deferred Revenue	0.19	-0.21	-0.02	0.18	0.22	0.44	-0.61	0.18	0.23	0.59	0.26	0.62	0.62	0.09	0.38	-0.49	0.13	0.14	0.22	0.17	0.19	-0.11	0.15	-0.24	0.64

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Redington Account Relationship Matchups

Redington fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	146.6B	145.6B	184.2B	232.8B	243.9B	256.1B
Short Long Term Debt Total	27.7B	6.2B	8.3B	33.2B	29.6B	18.0B
Other Current Liab	5.3B	7.1B	7.0B	8.7B	13.0B	13.7B
Total Current Liabilities	96.7B	89.9B	119.0B	156.3B	162.1B	170.2B
Total Stockholder Equity	43.1B	49.3B	57.8B	69.3B	75.5B	79.3B
Property Plant And Equipment Net	4.0B	3.2B	4.4B	4.9B	4.5B	2.4B
Net Debt	4.3B	(23.2B)	(24.6B)	14.6B	13.5B	14.1B
Retained Earnings	32.0B	39.5B	47.8B	56.6B	63.2B	66.3B
Accounts Payable	62.8B	73.0B	101.5B	109.7B	118.7B	124.6B
Cash	23.4B	29.4B	32.9B	18.6B	16.1B	10.8B
Non Current Assets Total	10.0B	8.5B	10.5B	11.5B	12.3B	12.9B
Non Currrent Assets Other	3.2B	7.7B	8.2B	6.8B	2.5B	3.3B
Cash And Short Term Investments	24.2B	35.2B	36.8B	23.4B	16.1B	12.3B
Net Receivables	72.9B	68.0B	86.8B	127.0B	139.4B	146.3B
Liabilities And Stockholders Equity	146.6B	145.6B	184.2B	232.8B	243.9B	256.1B
Non Current Liabilities Total	2.9B	2.6B	4.1B	3.6B	3.2B	3.8B
Inventory	36.7B	29.0B	43.8B	70.9B	66.5B	69.9B
Other Current Assets	5.6B	5.0B	6.6B	10.5B	9.6B	8.0B
Other Stockholder Equity	2.2B	3.3B	1.7B	1.7B	1.8B	2.4B
Total Liab	99.7B	92.5B	123.1B	159.9B	165.3B	173.6B
Total Current Assets	136.5B	137.1B	173.7B	221.4B	231.6B	243.2B
Short Term Debt	26.1B	4.9B	6.0B	31.5B	28.4B	18.3B
Good Will	183.8M	183M	617M	850M	859.8M	902.8M
Short Term Investments	745.8M	5.8B	3.9B	4.8B	2M	1.9M
Accumulated Other Comprehensive Income	(2.6B)	6.8B	6.7B	9.4B	9.0B	9.5B
Current Deferred Revenue	5.2B	8.0B	7.8B	5.4B	2.0B	1.9B
Intangible Assets	3.0B	2.6B	2.9B	3.0B	3.2B	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
Short Long Term Debt	25.4B	4.3B	5.4B	30.8B	27.7B	15.6B
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	2.4B	1.8B	2.0B	1.9B	1.5B	1.5B

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Redington Short Term Debt vs Net Receivables Analysis

Short Term Debt vs Net Receivables

Short Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Receivables

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 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
Retained Earnings	+ 1.0	Total Stockholder Equity

Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.8	Net Debt
Non Currrent Assets Other	- 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