| RHI Stock | | | 4.40 0.02 0.46% |
Red Hill financial indicator trend analysis is much more than just breaking down Red Hill Iron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Hill Iron is a good investment. Please check the relationship between Red Hill Net Debt and its Retained Earnings accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Hill Iron. 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.
Net Debt vs Retained Earnings
Net Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Hill Iron Net Debt account and
Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Red Hill's Net Debt and Retained Earnings is -0.44. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Red Hill Iron, assuming nothing else is changed. The correlation between historical values of Red Hill's Net Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Red Hill Iron are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Red Hill's Net Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.44 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Red Hill's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Hill Iron 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 Red Hill Iron. 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.
At this time, Red Hill's
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 44
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 1.7
M in 2024.
Red Hill fundamental ratios Correlations
Click cells to compare fundamentals
Red Hill Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Red Hill fundamental ratios Accounts
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