Reliq Cash vs Other Current Assets Analysis

RHT Stock

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Reliq Health financial indicator trend analysis is much more than just breaking down Reliq Health Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliq Health Technologies is a good investment. Please check the relationship between Reliq Health Cash and its Other Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliq Health Technologies. 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.

Cash vs Other Current Assets

Cash vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliq Health Technologies Cash account and Other Current Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Reliq Health's Cash and Other Current Assets is 0.99. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Reliq Health Technologies, assuming nothing else is changed. The correlation between historical values of Reliq Health's Cash and Other Current 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 Cash of Reliq Health Technologies are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash i.e., Reliq Health's Cash and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash

Cash refers to the most liquid asset of Reliq Health Technologies, which is listed under current asset account on Reliq Health Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Reliq Health customers. The amounts must be unrestricted with restricted cash listed in a different Reliq Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Reliq Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliq Health Technologies 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 Reliq Health Technologies. 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, Reliq Health's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 16.73 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 1.28 in 2024.

	2020	2021	2023	2024 (projected)
Cost Of Revenue	604.2K	3.3M	3.7M	3.9M
Research Development	1.7M	2.2M	2.6M	1.7M

Cost Of Revenue Research Development

Reliq Health fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock	Net Tangible Assets	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Short Term Debt
Total Assets		0.79	0.96	-0.36	-0.75	0.8	0.4	0.41	0.8	0.82	0.66	0.12	0.43	-0.36	0.78	0.96	0.76	0.0	0.73	0.62	0.84	0.96	-0.57	0.13	-0.87	0.51
Total Current Liabilities	0.79		0.58	0.25	-0.9	1.0	-0.2	-0.18	0.97	0.93	0.52	0.35	-0.15	-0.45	1.0	0.65	0.98	-0.39	0.84	0.85	0.95	0.62	-0.65	-0.2	-0.88	0.35
Total Stockholder Equity	0.96	0.58		-0.59	-0.57	0.59	0.62	0.63	0.61	0.64	0.63	-0.01	0.64	-0.27	0.57	0.97	0.55	0.18	0.58	0.42	0.67	0.99	-0.45	0.27	-0.75	0.5
Net Debt	-0.36	0.25	-0.59		-0.15	0.25	-1.0	-1.0	0.26	0.08	-0.25	0.26	-0.98	-0.26	0.26	-0.56	0.29	-0.55	0.28	0.33	0.11	-0.57	-0.13	-0.56	0.03	-0.28
Retained Earnings	-0.75	-0.9	-0.57	-0.15		-0.9	0.09	0.07	-0.84	-0.97	-0.77	-0.55	0.04	0.15	-0.91	-0.65	-0.9	0.23	-0.72	-0.94	-0.96	-0.62	0.4	0.03	0.96	-0.64
Accounts Payable	0.8	1.0	0.59	0.25	-0.9		-0.2	-0.19	0.99	0.93	0.53	0.34	-0.15	-0.49	0.99	0.66	0.98	-0.37	0.86	0.85	0.96	0.63	-0.66	-0.2	-0.89	0.35
Cash	0.4	-0.2	0.62	-1.0	0.09	-0.2		1.0	-0.21	-0.02	0.3	-0.2	0.99	0.26	-0.2	0.6	-0.23	0.53	-0.25	-0.27	-0.05	0.6	0.11	0.55	-0.09	0.33
Cash And Short Term Investments	0.41	-0.18	0.63	-1.0	0.07	-0.19	1.0		-0.2	0.0	0.32	-0.19	0.99	0.26	-0.19	0.61	-0.22	0.53	-0.24	-0.25	-0.03	0.62	0.1	0.56	-0.1	0.35
Net Receivables	0.8	0.97	0.61	0.26	-0.84	0.99	-0.21	-0.2		0.87	0.46	0.25	-0.17	-0.59	0.97	0.65	0.97	-0.41	0.89	0.79	0.93	0.63	-0.68	-0.26	-0.85	0.27
Common Stock Shares Outstanding	0.82	0.93	0.64	0.08	-0.97	0.93	-0.02	0.0	0.87		0.75	0.49	0.03	-0.21	0.94	0.72	0.91	-0.16	0.75	0.92	0.98	0.7	-0.56	0.06	-0.95	0.6
Short Term Investments	0.66	0.52	0.63	-0.25	-0.77	0.53	0.3	0.32	0.46	0.75		0.47	0.34	0.13	0.53	0.66	0.53	0.14	0.45	0.75	0.72	0.68	-0.2	0.31	-0.83	0.88
Inventory	0.12	0.35	-0.01	0.26	-0.55	0.34	-0.2	-0.19	0.25	0.49	0.47		-0.16	0.3	0.38	0.12	0.47	-0.3	0.06	0.59	0.46	0.03	-0.13	-0.19	-0.41	0.51
Other Current Assets	0.43	-0.15	0.64	-0.98	0.04	-0.15	0.99	0.99	-0.17	0.03	0.34	-0.16		0.27	-0.15	0.63	-0.18	0.44	-0.24	-0.23	0.0	0.63	0.09	0.5	-0.13	0.38
Other Stockholder Equity	-0.36	-0.45	-0.27	-0.26	0.15	-0.49	0.26	0.26	-0.59	-0.21	0.13	0.3	0.27		-0.43	-0.24	-0.45	0.25	-0.57	-0.1	-0.3	-0.26	0.43	0.24	0.24	0.48
Total Liab	0.78	1.0	0.57	0.26	-0.91	0.99	-0.2	-0.19	0.97	0.94	0.53	0.38	-0.15	-0.43		0.65	0.98	-0.4	0.83	0.86	0.96	0.61	-0.65	-0.21	-0.88	0.37
Total Current Assets	0.96	0.65	0.97	-0.56	-0.65	0.66	0.6	0.61	0.65	0.72	0.66	0.12	0.63	-0.24	0.65		0.63	0.07	0.52	0.47	0.74	0.98	-0.46	0.21	-0.78	0.53
Other Current Liab	0.76	0.98	0.55	0.29	-0.9	0.98	-0.23	-0.22	0.97	0.91	0.53	0.47	-0.18	-0.45	0.98	0.63		-0.48	0.81	0.85	0.95	0.58	-0.64	-0.31	-0.87	0.37
Property Plant And Equipment Net	0.0	-0.39	0.18	-0.55	0.23	-0.37	0.53	0.53	-0.41	-0.16	0.14	-0.3	0.44	0.25	-0.4	0.07	-0.48		-0.18	-0.23	-0.25	0.16	0.24	0.92	0.13	0.05
Non Current Assets Total	0.73	0.84	0.58	0.28	-0.72	0.86	-0.25	-0.24	0.89	0.75	0.45	0.06	-0.24	-0.57	0.83	0.52	0.81	-0.18		0.76	0.81	0.57	-0.63	-0.13	-0.78	0.27
Non Currrent Assets Other	0.62	0.85	0.42	0.33	-0.94	0.85	-0.27	-0.25	0.79	0.92	0.75	0.59	-0.23	-0.1	0.86	0.47	0.85	-0.23	0.76		0.92	0.47	-0.49	-0.06	-0.89	0.65
Common Stock	0.84	0.95	0.67	0.11	-0.96	0.96	-0.05	-0.03	0.93	0.98	0.72	0.46	0.0	-0.3	0.96	0.74	0.95	-0.25	0.81	0.92		0.71	-0.61	-0.07	-0.96	0.58
Net Tangible Assets	0.96	0.62	0.99	-0.57	-0.62	0.63	0.6	0.62	0.63	0.7	0.68	0.03	0.63	-0.26	0.61	0.98	0.58	0.16	0.57	0.47	0.71		-0.45	0.31	-0.79	0.53
Intangible Assets	-0.57	-0.65	-0.45	-0.13	0.4	-0.66	0.11	0.1	-0.68	-0.56	-0.2	-0.13	0.09	0.43	-0.65	-0.46	-0.64	0.24	-0.63	-0.49	-0.61	-0.45		0.15	0.43	-0.12
Property Plant Equipment	0.13	-0.2	0.27	-0.56	0.03	-0.2	0.55	0.56	-0.26	0.06	0.31	-0.19	0.5	0.24	-0.21	0.21	-0.31	0.92	-0.13	-0.06	-0.07	0.31	0.15		-0.05	0.17
Current Deferred Revenue	-0.87	-0.88	-0.75	0.03	0.96	-0.89	-0.09	-0.1	-0.85	-0.95	-0.83	-0.41	-0.13	0.24	-0.88	-0.78	-0.87	0.13	-0.78	-0.89	-0.96	-0.79	0.43	-0.05		-0.66
Short Term Debt	0.51	0.35	0.5	-0.28	-0.64	0.35	0.33	0.35	0.27	0.6	0.88	0.51	0.38	0.48	0.37	0.53	0.37	0.05	0.27	0.65	0.58	0.53	-0.12	0.17	-0.66

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Reliq Health Account Relationship Matchups

Reliq Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8M	2.7M	3.5M	10.3M	11.8M	12.4M
Total Current Liabilities	1.1M	1.4M	2.2M	3.7M	4.3M	4.5M
Total Stockholder Equity	2.7M	1.0M	1.0M	6.4M	7.3M	7.7M
Net Debt	(345.0K)	447.2K	176.4K	172.2K	155.0K	162.8K
Retained Earnings	(38.9M)	(49.9M)	(61.7M)	(69.9M)	(62.9M)	(59.7M)
Accounts Payable	904.8K	1.2M	2.1M	3.6M	4.1M	4.3M
Cash	345.0K	12.8K	226.3K	132.8K	152.7K	145.1K
Cash And Short Term Investments	468.0K	135.8K	326.3K	232.8K	267.7K	254.3K
Net Receivables	608.8K	1.0M	2.2M	6.4M	7.3M	7.7M
Common Stock Shares Outstanding	118.4M	135.2M	157.9M	183.1M	210.5M	221.1M
Liabilities And Stockholders Equity	3.8M	2.7M	3.5M	10.3M	11.8M	12.4M
Other Current Assets	79.7K	97.3K	144.6K	102.6K	118.0K	112.1K
Other Stockholder Equity	10.1M	10.7M	12.9M	144K	165.6K	157.3K
Total Liab	1.1M	1.7M	2.5M	3.9M	4.5M	4.7M
Total Current Assets	1.2M	2.4M	3.2M	7.0M	8.0M	8.4M
Other Current Liab	144.7K	195.9K	2.1M	3.6M	4.1M	4.3M
Non Current Assets Total	2.5M	346.1K	283.7K	3.3M	3.8M	4.0M
Accumulated Other Comprehensive Income	10.1M	10.7M	12.9M	13.5M	15.5M	16.3M
Common Stock	31.5M	40.2M	49.8M	62.6M	72.0M	75.6M
Net Tangible Assets	2.8M	1.0M	1.0M	6.4M	7.3M	7.7M
Net Invested Capital	2.7M	1.0M	1.0M	6.4M	5.8M	3.1M
Net Working Capital	126.9K	938.9K	939.9K	3.3M	2.9M	2.3M

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