| 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 Total Stockholder Equity and its Accounts Payable 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.
Total Stockholder Equity vs Accounts Payable
Total Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Red Hill Iron Total Stockholder Equity account and
Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Red Hill's Total Stockholder Equity and Accounts Payable is 0.93. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Accounts Payable 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 Total Stockholder Equity and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Red Hill Iron are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Stockholder Equity i.e., Red Hill's Total Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Accounts Payable
An accounting item on the balance sheet that represents Red Hill obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Red Hill Iron are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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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