Reliance Net Debt vs Short Term Investments Analysis

RIGD Stock

60.50 0.90 1.51%

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 Net Debt and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Industries Ltd. 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 Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Industries Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Reliance Industries' Net Debt and Short Term Investments is 0.78. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Reliance Industries Ltd, assuming nothing else is changed. The correlation between historical values of Reliance Industries' Net Debt and Short Term Investments 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 Reliance Industries Ltd are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Reliance Industries' Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Reliance Industries balance sheet. It contains any investments Reliance Industries Ltd undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Reliance Industries can easily liquidate in the marketplace.

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 Ltd. 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.

Selling General Administrative is likely to gain to about 169.6 B in 2024, whereas Tax Provision is likely to drop slightly above 168 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	144.4B	195.7B	217.7B	228.6B
Depreciation And Amortization	297.8B	403.0B	508.3B	533.7B

Interest Expense Depreciation And Amortization

Reliance Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt	Current Deferred Revenue
Total Assets		0.8	0.5	0.92	0.98	0.97	0.72	0.83	0.97	0.6	1.0	0.67	0.94	0.54	0.95	0.72	0.97	0.94	0.73	-0.49	0.96	0.97	0.92	0.82	0.8	0.12
Short Long Term Debt Total	0.8		0.78	0.89	0.73	0.81	0.97	0.42	0.76	0.2	0.82	0.27	0.65	0.58	0.72	0.78	0.81	0.66	0.76	-0.17	0.86	0.71	0.64	0.92	0.93	0.48
Other Current Liab	0.5	0.78		0.77	0.36	0.61	0.88	0.06	0.44	-0.18	0.55	-0.11	0.25	0.24	0.3	0.52	0.57	0.28	0.47	-0.03	0.68	0.32	0.29	0.63	0.75	0.84
Total Current Liabilities	0.92	0.89	0.77		0.83	0.95	0.87	0.63	0.9	0.41	0.94	0.47	0.78	0.51	0.79	0.67	0.95	0.81	0.67	-0.41	0.99	0.83	0.8	0.84	0.89	0.43
Total Stockholder Equity	0.98	0.73	0.36	0.83		0.92	0.64	0.85	0.95	0.61	0.97	0.69	0.96	0.54	0.97	0.75	0.91	0.93	0.77	-0.45	0.88	0.97	0.89	0.79	0.74	-0.02
Property Plant And Equipment Net	0.97	0.81	0.61	0.95	0.92		0.76	0.79	0.96	0.53	0.98	0.6	0.88	0.49	0.87	0.67	0.98	0.9	0.68	-0.52	0.98	0.92	0.89	0.8	0.79	0.26
Net Debt	0.72	0.97	0.88	0.87	0.64	0.76		0.27	0.68	0.01	0.76	0.1	0.52	0.46	0.59	0.78	0.75	0.53	0.7	-0.08	0.82	0.59	0.52	0.85	0.88	0.65
Retained Earnings	0.83	0.42	0.06	0.63	0.85	0.79	0.27		0.83	0.88	0.81	0.9	0.91	0.39	0.83	0.32	0.82	0.91	0.42	-0.75	0.74	0.89	0.92	0.5	0.45	-0.29
Accounts Payable	0.97	0.76	0.44	0.9	0.95	0.96	0.68	0.83		0.63	0.97	0.7	0.91	0.57	0.9	0.63	0.96	0.95	0.65	-0.53	0.94	0.94	0.92	0.8	0.72	0.11
Cash	0.6	0.2	-0.18	0.41	0.61	0.53	0.01	0.88	0.63		0.56	0.94	0.76	0.4	0.66	0.01	0.61	0.78	0.2	-0.73	0.52	0.71	0.76	0.28	0.27	-0.48
Non Current Assets Total	1.0	0.82	0.55	0.94	0.97	0.98	0.76	0.81	0.97	0.56		0.63	0.92	0.52	0.93	0.72	0.98	0.92	0.72	-0.47	0.97	0.95	0.9	0.83	0.81	0.18
Non Currrent Assets Other	0.67	0.27	-0.11	0.47	0.69	0.6	0.1	0.9	0.7	0.94	0.63		0.81	0.39	0.67	0.13	0.65	0.79	0.27	-0.75	0.57	0.76	0.76	0.36	0.31	-0.43
Cash And Short Term Investments	0.94	0.65	0.25	0.78	0.96	0.88	0.52	0.91	0.91	0.76	0.92	0.81		0.54	0.95	0.64	0.89	0.95	0.7	-0.59	0.85	0.99	0.9	0.72	0.69	-0.16
Net Receivables	0.54	0.58	0.24	0.51	0.54	0.49	0.46	0.39	0.57	0.4	0.52	0.39	0.54		0.56	0.45	0.52	0.57	0.67	-0.16	0.52	0.6	0.45	0.71	0.6	-0.05
Common Stock Shares Outstanding	0.95	0.72	0.3	0.79	0.97	0.87	0.59	0.83	0.9	0.66	0.93	0.67	0.95	0.56		0.73	0.87	0.93	0.76	-0.4	0.84	0.96	0.9	0.78	0.75	-0.09
Short Term Investments	0.72	0.78	0.52	0.67	0.75	0.67	0.78	0.32	0.63	0.01	0.72	0.13	0.64	0.45	0.73		0.6	0.53	0.9	0.04	0.65	0.67	0.47	0.81	0.77	0.24
Non Current Liabilities Total	0.97	0.81	0.57	0.95	0.91	0.98	0.75	0.82	0.96	0.61	0.98	0.65	0.89	0.52	0.87	0.6		0.93	0.61	-0.55	0.99	0.93	0.93	0.77	0.79	0.22
Inventory	0.94	0.66	0.28	0.81	0.93	0.9	0.53	0.91	0.95	0.78	0.92	0.79	0.95	0.57	0.93	0.53	0.93		0.57	-0.58	0.88	0.97	0.98	0.69	0.69	-0.09
Other Current Assets	0.73	0.76	0.47	0.67	0.77	0.68	0.7	0.42	0.65	0.2	0.72	0.27	0.7	0.67	0.76	0.9	0.61	0.57		-0.08	0.65	0.73	0.48	0.87	0.76	0.14
Other Stockholder Equity	-0.49	-0.17	-0.03	-0.41	-0.45	-0.52	-0.08	-0.75	-0.53	-0.73	-0.47	-0.75	-0.59	-0.16	-0.4	0.04	-0.55	-0.58	-0.08		-0.49	-0.54	-0.56	-0.25	-0.21	0.32
Total Liab	0.96	0.86	0.68	0.99	0.88	0.98	0.82	0.74	0.94	0.52	0.97	0.57	0.85	0.52	0.84	0.65	0.99	0.88	0.65	-0.49		0.89	0.87	0.82	0.86	0.33
Total Current Assets	0.97	0.71	0.32	0.83	0.97	0.92	0.59	0.89	0.94	0.71	0.95	0.76	0.99	0.6	0.96	0.67	0.93	0.97	0.73	-0.54	0.89		0.92	0.77	0.74	-0.08
Intangible Assets	0.92	0.64	0.29	0.8	0.89	0.89	0.52	0.92	0.92	0.76	0.9	0.76	0.9	0.45	0.9	0.47	0.93	0.98	0.48	-0.56	0.87	0.92		0.63	0.65	-0.02
Common Stock	0.82	0.92	0.63	0.84	0.79	0.8	0.85	0.5	0.8	0.28	0.83	0.36	0.72	0.71	0.78	0.81	0.77	0.69	0.87	-0.25	0.82	0.77	0.63		0.89	0.28
Short Term Debt	0.8	0.93	0.75	0.89	0.74	0.79	0.88	0.45	0.72	0.27	0.81	0.31	0.69	0.6	0.75	0.77	0.79	0.69	0.76	-0.21	0.86	0.74	0.65	0.89		0.36
Current Deferred Revenue	0.12	0.48	0.84	0.43	-0.02	0.26	0.65	-0.29	0.11	-0.48	0.18	-0.43	-0.16	-0.05	-0.09	0.24	0.22	-0.09	0.14	0.32	0.33	-0.08	-0.02	0.28	0.36

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Reliance Industries Account Relationship Matchups

Reliance Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7T	13.2T	15.0T	16.1T	17.6T	18.4T
Short Long Term Debt Total	3.4T	2.6T	2.8T	3.3T	3.5T	1.8T
Other Current Liab	1.8T	791.8B	680.6B	1.1T	850.3B	673.0B
Total Current Liabilities	4.1T	2.8T	3.1T	4.0T	4.0T	4.2T
Total Stockholder Equity	4.5T	7.0T	7.8T	7.2T	7.9T	8.3T
Property Plant And Equipment Net	5.0T	5.2T	5.7T	6.9T	7.6T	8.0T
Net Debt	3.1T	2.4T	2.3T	2.8T	2.5T	1.5T
Retained Earnings	329.7B	2.0T	2.5T	3.0T	6.3T	6.6T
Accounts Payable	968.0B	1.1T	1.6T	1.5T	1.8T	1.9T
Cash	258.0B	145.1B	335.1B	341.6B	972.3B	1.0T
Non Current Assets Total	9.1T	9.5T	11.5T	11.8T	12.9T	13.5T
Non Currrent Assets Other	228.4B	358.9B	433.7B	257.8B	1.2T	1.2T
Cash And Short Term Investments	1.2T	1.7T	1.5T	1.6T	2.2T	2.3T
Net Receivables	196.6B	190.1B	236.4B	284.5B	316.3B	162.7B
Common Stock Shares Outstanding	3.1B	3.3B	3.3B	3.4B	3.4B	3.3B
Short Term Investments	919.2B	1.6T	1.2T	1.3T	727.1B	572.2B
Liabilities And Stockholders Equity	11.7T	13.2T	15.0T	16.1T	17.6T	18.4T
Non Current Liabilities Total	2.9T	2.4T	3.0T	3.8T	4.3T	4.5T
Inventory	739.0B	816.7B	1.1T	1.4T	1.5T	1.6T
Other Current Assets	608.7B	1.0T	713.1B	697.0B	699.6B	372.8B
Other Stockholder Equity	614.0B	745.1B	1.1T	997.9B	(1.9T)	(1.8T)
Total Liab	7.0T	5.2T	6.1T	7.8T	8.3T	8.7T
Total Current Assets	2.6T	3.7T	3.5T	4.3T	4.7T	4.9T
Intangible Assets	1.4T	1.3T	2.2T	3.2T	3.5T	3.6T
Common Stock	63.4B	64.5B	67.7B	67.7B	77.8B	41.6B
Short Term Debt	1.4T	894.9B	812.7B	1.3T	1.1T	742.2B
Good Will	102.6B	102.1B	130.1B	152.7B	149.9B	105.7B
Other Liab	865.1B	735.8B	1.0T	1.8T	2.1T	1.1T
Net Tangible Assets	3.0T	5.6T	5.5T	6.9T	7.9T	4.7T
Other Assets	620.4B	686.1B	662.0B	2.4T	2.8T	2.9T
Long Term Debt	2.0T	1.6T	1.9T	1.8T	2.2T	2.1T
Net Invested Capital	7.9T	9.5T	10.5T	11.4T	11.2T	9.8T
Short Long Term Debt	1.4T	881.3B	786.1B	1.3T	1.0T	1.1T
Non Current Liabilities Other	193.0B	193.4B	377.9B	1.1T	1.1T	1.2T
Net Working Capital	(1.5T)	954.4B	383.6B	454.4B	727.3B	763.7B
Property Plant Equipment	5.0T	5.2T	5.7T	6.9T	7.9T	5.9T
Capital Stock	63.4B	64.5B	67.7B	67.7B	77.8B	71.5B

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Reliance Net Debt vs Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

Reliance Industries fundamental ratios Correlations

Reliance Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Industries fundamental ratios Accounts

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net

Other Stockholder Equity	- 0.75	Non Currrent Assets Other
Other Stockholder Equity	- 0.75	Retained Earnings
Other Stockholder Equity	- 0.73	Cash
Other Stockholder Equity	- 0.59	Cash And Short Term Investments
Other Stockholder Equity	- 0.58	Inventory
Intangible Assets	- 0.56	Other Stockholder Equity