Reliance Current Deferred Revenue vs Non Current Liabilities Total Analysis
| RELI Stock | USD 1.60 0.31 24.03% |
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Current Deferred Revenue and its Non Current Liabilities Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Current Deferred Revenue vs Non Current Liabilities Total
Current Deferred Revenue vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Global Group Current Deferred Revenue account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Reliance Global's Current Deferred Revenue and Non Current Liabilities Total is 0.49. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Current Deferred Revenue and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Reliance Global Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Current Deferred Revenue i.e., Reliance Global's Current Deferred Revenue and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.49 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Non Current Liabilities Total
Most indicators from Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global Group 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 Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current Selling General Administrative is estimated to decrease to about 2.8 M. The current Issuance Of Capital Stock is estimated to decrease to about 3.3 M
Reliance Global fundamental ratios Correlations
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Reliance Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Global fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 4.7M | 6.9M | 45.0M | 7.8M | 3.2M | 3.0M | |
| Retained Earnings | (8.8M) | (12.5M) | (33.5M) | (27.0M) | (39.0M) | (37.1M) | |
| Accounts Payable | 102.1K | 980.9K | 547.1K | 1.2M | 635.3K | 352.8K | |
| Net Receivables | 123.1K | 862.6K | 1.0M | 1.1M | 1.3M | 1.4M | |
| Other Current Assets | 32.3K | 528.2K | 2.8M | 249.3K | 1.7M | 1.8M | |
| Total Current Assets | 647.0K | 810.1K | 8.0M | 3.3M | 4.4M | 4.6M | |
| Common Stock | 352.7K | 363.5K | 940.8K | 104.9K | 409.5K | 257.5K | |
| Other Current Liab | 59.5K | 225.1K | 43.2M | 4.9M | 367.4K | 349.1K | |
| Net Tangible Assets | (2.7M) | (14.6M) | (14.9M) | (43.2M) | (38.9M) | (36.9M) | |
| Other Assets | 2.0K | 1.8M | 16.8K | 1.0 | 1.15 | 1.09 | |
| Property Plant Equipment | 57.2K | 1.2M | 809.5K | 1.2M | 1.1M | 738.2K |
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When determining whether Reliance Global Group is a strong investment it is important to analyze Reliance Global's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Global's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Global. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (78.45) | Revenue Per Share 23.34 | Quarterly Revenue Growth 0.051 | Return On Assets (0.11) | Return On Equity (1.99) |
The market value of Reliance Global Group is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Global's value that differs from its market value or its book value, called intrinsic value, which is Reliance Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Global's market value can be influenced by many factors that don't directly affect Reliance Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.