Reliance Short Term Debt vs Intangible Assets Analysis

RELIANCE   1,287  21.60  1.71%   
Reliance Industries financial indicator trend analysis is much more than just breaking down Reliance Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Industries is a good investment. Please check the relationship between Reliance Industries Short Term Debt and its Intangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Industries 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 nation.

Short Term Debt vs Intangible Assets

Short Term Debt vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Industries Short Term Debt account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Reliance Industries' Short Term Debt and Intangible Assets is 0.65. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Reliance Industries Limited, assuming nothing else is changed. The correlation between historical values of Reliance Industries' Short Term Debt and Intangible Assets 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 Reliance Industries Limited are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Short Term Debt i.e., Reliance Industries' Short Term Debt and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Debt

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Reliance Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Industries 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 Industries 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 nation.
The current year's Selling General Administrative is expected to grow to about 169.6 B, whereas Tax Provision is forecasted to decline to about 154 B.
 2021 2022 2023 2024 (projected)
Interest Expense144.4B195.7B219.4B230.3B
Depreciation And Amortization297.8B403.0B508.3B533.7B

Reliance Industries fundamental ratios Correlations

0.80.50.920.980.970.720.890.970.61.00.670.940.540.950.720.970.940.730.130.960.970.920.820.80.02
0.80.780.890.730.810.970.520.760.20.820.270.650.580.720.780.810.660.760.110.860.710.640.920.93-0.02
0.50.780.770.360.610.880.10.44-0.180.55-0.110.250.240.30.520.570.280.47-0.070.680.320.290.630.750.08
0.920.890.770.830.950.870.670.90.410.940.470.780.510.790.670.950.810.670.040.990.830.80.840.890.02
0.980.730.360.830.920.640.930.950.610.970.690.960.540.970.750.910.930.770.160.880.970.890.790.740.0
0.970.810.610.950.920.760.830.960.530.980.60.880.490.870.670.980.90.680.070.980.920.890.80.790.14
0.720.970.880.870.640.760.380.680.010.760.10.520.460.590.780.750.530.70.040.820.590.520.850.880.08
0.890.520.10.670.930.830.380.870.750.870.790.940.460.940.540.830.930.590.190.760.940.920.610.570.0
0.970.760.440.90.950.960.680.870.630.970.70.910.570.90.630.960.950.650.120.940.940.920.80.720.13
0.60.2-0.180.410.610.530.010.750.630.560.940.760.40.660.010.610.780.20.170.520.710.760.280.27-0.25
1.00.820.550.940.970.980.760.870.970.560.630.920.520.930.720.980.920.720.120.970.950.90.830.810.04
0.670.27-0.110.470.690.60.10.790.70.940.630.810.390.670.130.650.790.280.120.570.760.760.360.31-0.19
0.940.650.250.780.960.880.520.940.910.760.920.810.540.950.640.890.950.70.120.850.990.90.720.69-0.11
0.540.580.240.510.540.490.460.460.570.40.520.390.540.560.450.520.570.670.170.520.60.450.710.6-0.09
0.950.720.30.790.970.870.590.940.90.660.930.670.950.560.730.870.930.760.210.840.960.90.780.75-0.1
0.720.780.520.670.750.670.780.540.630.010.720.130.640.450.730.60.530.90.040.650.670.470.810.770.02
0.970.810.570.950.910.980.750.830.960.610.980.650.890.520.870.60.930.610.10.990.930.930.770.790.08
0.940.660.280.810.930.90.530.930.950.780.920.790.950.570.930.530.930.570.170.880.970.980.690.690.01
0.730.760.470.670.770.680.70.590.650.20.720.280.70.670.760.90.610.570.130.650.730.480.870.76-0.07
0.130.11-0.070.040.160.070.040.190.120.170.120.120.120.170.210.040.10.170.130.070.130.240.040.030.2
0.960.860.680.990.880.980.820.760.940.520.970.570.850.520.840.650.990.880.650.070.890.870.820.860.05
0.970.710.320.830.970.920.590.940.940.710.950.760.990.60.960.670.930.970.730.130.890.920.770.74-0.03
0.920.640.290.80.890.890.520.920.920.760.90.760.90.450.90.470.930.980.480.240.870.920.630.650.08
0.820.920.630.840.790.80.850.610.80.280.830.360.720.710.780.810.770.690.870.040.820.770.630.89-0.03
0.80.930.750.890.740.790.880.570.720.270.810.310.690.60.750.770.790.690.760.030.860.740.650.89-0.24
0.02-0.020.080.020.00.140.080.00.13-0.250.04-0.19-0.11-0.09-0.10.020.080.01-0.070.20.05-0.030.08-0.03-0.24
Click cells to compare fundamentals

Reliance Industries Account Relationship Matchups

Reliance Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.7T13.2T15.0T16.1T17.6T18.4T
Short Long Term Debt Total3.4T2.6T2.8T3.3T3.5T1.8T
Other Current Liab1.8T791.8B680.6B1.1T850.3B673.0B
Total Current Liabilities4.1T2.8T3.1T4.0T4.0T4.2T
Total Stockholder Equity4.5T7.0T7.8T7.2T7.9T8.3T
Property Plant And Equipment Net5.0T5.2T5.7T6.9T7.6T8.0T
Net Debt3.1T2.4T2.3T2.8T2.5T1.5T
Retained Earnings329.7B2.0T2.5T3.0T3.4T3.6T
Accounts Payable968.0B1.1T1.6T1.5T1.8T1.9T
Cash258.0B145.1B335.1B341.6B972.3B1.0T
Non Current Assets Total9.1T9.5T11.5T11.8T12.9T13.5T
Non Currrent Assets Other228.4B358.9B433.7B257.8B1.2T1.2T
Cash And Short Term Investments1.2T1.7T1.5T1.6T2.2T2.3T
Net Receivables196.6B190.1B236.4B284.5B316.3B162.7B
Common Stock Shares Outstanding12.6B13.1B13.4B13.5B13.5B13.4B
Short Term Investments919.2B1.6T1.2T1.3T727.1B572.2B
Liabilities And Stockholders Equity11.7T13.2T15.0T16.1T17.6T18.4T
Non Current Liabilities Total2.9T2.4T3.0T3.8T4.3T4.5T
Inventory739.0B816.7B1.1T1.4T1.5T1.6T
Other Current Assets608.7B1.0T713.1B697.0B699.6B372.8B
Other Stockholder Equity614.0B745.1B1.1T997.9B998.0B763.0B
Total Liab7.0T5.2T6.1T7.8T8.3T8.7T
Total Current Assets2.6T3.7T3.5T4.3T4.7T4.9T
Accumulated Other Comprehensive Income(1.5T)4.2T4.1T3.1T539.8B566.8B
Intangible Assets1.4T1.3T2.2T3.2T3.5T3.6T
Common Stock63.4B64.5B67.7B67.7B77.8B41.6B
Short Term Debt1.4T894.9B812.7B1.3T1.1T742.2B
Current Deferred Revenue(1.4T)461.4B464.8B707.0B278.7B541.7B
Other Liab865.1B735.8B1.0T1.8T2.1T2.2T
Net Tangible Assets3.0T5.6T5.5T6.9T7.9T8.3T
Other Assets620.4B686.1B535.2B425.2B489.0B361.4B
Long Term Debt2.0T1.6T1.9T1.8T2.2T1.8T
Short Long Term Debt1.4T600.8B786.1B1.3T1.0T876.2B
Property Plant Equipment5.0T5.2T5.7T6.9T7.9T4.7T
Good Will102.6B102.1B130.1B152.7B149.9B105.7B
Long Term Debt Total2.1T1.7T2.0T2.0T2.3T2.0T
Capital Surpluse614.0B1.1T1.1T997.9B1.1T768.8B
Non Current Liabilities Other193.0B193.4B377.9B1.1T1.1T1.2T

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Other Information on Investing in Reliance Stock

Balance Sheet is a snapshot of the financial position of Reliance Industries at a specified time, usually calculated after every quarter, six months, or one year. Reliance Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Reliance Industries and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Reliance currently owns. An asset can also be divided into two categories, current and non-current.