Reliance Total Current Assets vs Short Long Term Debt Total Analysis

RIIL Stock

1,031 35.15 3.53%

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

Total Current Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Industrial Total Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Reliance Industrial's Total Current Assets and Short Long Term Debt Total is -0.05. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Reliance Industrial Infrastructure, assuming nothing else is changed. The correlation between historical values of Reliance Industrial's Total Current Assets and Short Long Term Debt Total 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 Current Assets of Reliance Industrial Infrastructure are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Current Assets i.e., Reliance Industrial's Total Current Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Long Term Debt Total

Most indicators from Reliance Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Industrial 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 Industrial Infrastructure. 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.

Tax Provision is likely to gain to about 59.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 96.6 M in 2024.

	2021	2022	2023	2024 (projected)
Income Before Tax	107.1M	197.5M	189.6M	181.3M
Total Operating Expenses	710.6M	711.0M	200.1M	190.1M

Income Before Tax Total Operating Expenses

Reliance Industrial 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	Common Stock	Intangible Assets	Other Liab	Net Tangible Assets
Total Assets		-0.44	-0.61	-0.21	0.97	-0.68	-0.41	0.23	0.72	-0.46	0.69	-0.4	0.55	-0.15	-0.27	0.55	-0.53	-0.2	0.09	-0.58	-0.62	0.51	-0.27	-0.82	-0.94	0.98
Short Long Term Debt Total	-0.44		-0.11	-0.28	-0.6	-0.15	1.0	0.19	-0.31	-0.19	-0.53	0.18	-0.09	-0.23	0.15	-0.08	0.98	0.52	0.01	0.11	0.87	-0.05	0.15	0.21	0.37	-0.35
Other Current Liab	-0.61	-0.11		0.84	-0.56	0.43	-0.13	-0.26	-0.31	0.49	-0.54	0.39	-0.26	0.01	0.14	-0.26	-0.03	-0.33	0.05	0.35	0.3	-0.23	0.14	0.51	0.68	-0.65
Total Current Liabilities	-0.21	-0.28	0.84		-0.22	0.1	-0.28	-0.19	0.24	0.32	-0.41	0.19	0.13	-0.2	-0.15	0.13	-0.22	-0.68	0.17	0.04	0.18	0.15	-0.15	0.15	0.28	-0.26
Total Stockholder Equity	0.97	-0.6	-0.56	-0.22		-0.51	-0.58	0.16	0.63	-0.35	0.79	-0.42	0.39	0.03	-0.14	0.39	-0.7	-0.18	0.06	-0.5	-0.79	0.35	-0.14	-0.71	-0.89	0.93
Property Plant And Equipment Net	-0.68	-0.15	0.43	0.1	-0.51		-0.19	-0.65	-0.59	0.53	-0.22	0.38	-0.63	0.45	0.36	-0.64	-0.07	0.09	-0.21	0.71	-0.03	-0.63	0.36	0.83	0.7	-0.74
Net Debt	-0.41	1.0	-0.13	-0.28	-0.58	-0.19		0.2	-0.28	-0.23	-0.52	0.17	-0.04	-0.27	0.09	-0.04	0.98	0.49	0.01	0.08	0.88	0.0	0.09	0.16	0.34	-0.32
Retained Earnings	0.23	0.19	-0.26	-0.19	0.16	-0.65	0.2		0.13	-0.07	0.11	-0.35	0.16	-0.11	-0.1	0.16	0.15	0.13	0.12	-0.34	0.07	0.17	-0.1	-0.29	-0.26	0.25
Accounts Payable	0.72	-0.31	-0.31	0.24	0.63	-0.59	-0.28	0.13		-0.3	0.25	-0.36	0.7	-0.36	-0.53	0.7	-0.33	-0.6	0.21	-0.55	-0.24	0.68	-0.53	-0.66	-0.74	0.71
Cash	-0.46	-0.19	0.49	0.32	-0.35	0.53	-0.23	-0.07	-0.3		-0.15	0.09	-0.41	0.36	0.2	-0.42	-0.14	-0.08	-0.15	0.53	-0.02	-0.44	0.2	0.66	0.43	-0.52
Non Current Assets Total	0.69	-0.53	-0.54	-0.41	0.79	-0.22	-0.52	0.11	0.25	-0.15		-0.51	-0.16	0.49	0.07	-0.16	-0.63	0.22	-0.36	-0.24	-0.79	-0.2	0.07	-0.39	-0.68	0.63
Non Currrent Assets Other	-0.4	0.18	0.39	0.19	-0.42	0.38	0.17	-0.35	-0.36	0.09	-0.51		0.01	-0.44	0.05	0.01	0.27	-0.17	0.16	0.72	0.35	0.01	0.05	0.41	0.57	-0.4
Cash And Short Term Investments	0.55	-0.09	-0.26	0.13	0.39	-0.63	-0.04	0.16	0.7	-0.41	-0.16	0.01		-0.8	-0.72	1.0	-0.04	-0.62	0.46	-0.53	0.01	1.0	-0.72	-0.74	-0.56	0.62
Net Receivables	-0.15	-0.23	0.01	-0.2	0.03	0.45	-0.27	-0.11	-0.36	0.36	0.49	-0.44	-0.8		0.55	-0.8	-0.3	0.55	-0.5	0.19	-0.38	-0.8	0.55	0.43	0.09	-0.23
Common Stock Shares Outstanding	-0.27	0.15	0.14	-0.15	-0.14	0.36	0.09	-0.1	-0.53	0.2	0.07	0.05	-0.72	0.55		-0.72	0.01	0.54	0.09	0.35	-0.05	-0.73	1.0	0.52	0.38	-0.36
Short Term Investments	0.55	-0.08	-0.26	0.13	0.39	-0.64	-0.04	0.16	0.7	-0.42	-0.16	0.01	1.0	-0.8	-0.72		-0.04	-0.61	0.46	-0.53	0.01	1.0	-0.72	-0.74	-0.56	0.63
Non Current Liabilities Total	-0.53	0.98	-0.03	-0.22	-0.7	-0.07	0.98	0.15	-0.33	-0.14	-0.63	0.27	-0.04	-0.3	0.01	-0.04		0.42	-0.02	0.17	0.92	-0.01	0.01	0.26	0.45	-0.44
Inventory	-0.2	0.52	-0.33	-0.68	-0.18	0.09	0.49	0.13	-0.6	-0.08	0.22	-0.17	-0.62	0.55	0.54	-0.61	0.42		-0.44	0.16	0.15	-0.6	0.54	0.28	0.16	-0.18
Other Current Assets	0.09	0.01	0.05	0.17	0.06	-0.21	0.01	0.12	0.21	-0.15	-0.36	0.16	0.46	-0.5	0.09	0.46	-0.02	-0.44		-0.15	0.04	0.44	0.09	-0.2	-0.09	0.1
Other Stockholder Equity	-0.58	0.11	0.35	0.04	-0.5	0.71	0.08	-0.34	-0.55	0.53	-0.24	0.72	-0.53	0.19	0.35	-0.53	0.17	0.16	-0.15		0.18	-0.55	0.35	0.81	0.66	-0.64
Total Liab	-0.62	0.87	0.3	0.18	-0.79	-0.03	0.88	0.07	-0.24	-0.02	-0.79	0.35	0.01	-0.38	-0.05	0.01	0.92	0.15	0.04	0.18		0.05	-0.05	0.32	0.57	-0.54
Total Current Assets	0.51	-0.05	-0.23	0.15	0.35	-0.63	0.0	0.17	0.68	-0.44	-0.2	0.01	1.0	-0.8	-0.73	1.0	-0.01	-0.6	0.44	-0.55	0.05		-0.73	-0.73	-0.52	0.6
Common Stock	-0.27	0.15	0.14	-0.15	-0.14	0.36	0.09	-0.1	-0.53	0.2	0.07	0.05	-0.72	0.55	1.0	-0.72	0.01	0.54	0.09	0.35	-0.05	-0.73		0.52	0.38	-0.36
Intangible Assets	-0.82	0.21	0.51	0.15	-0.71	0.83	0.16	-0.29	-0.66	0.66	-0.39	0.41	-0.74	0.43	0.52	-0.74	0.26	0.28	-0.2	0.81	0.32	-0.73	0.52		0.85	-0.88
Other Liab	-0.94	0.37	0.68	0.28	-0.89	0.7	0.34	-0.26	-0.74	0.43	-0.68	0.57	-0.56	0.09	0.38	-0.56	0.45	0.16	-0.09	0.66	0.57	-0.52	0.38	0.85		-0.95
Net Tangible Assets	0.98	-0.35	-0.65	-0.26	0.93	-0.74	-0.32	0.25	0.71	-0.52	0.63	-0.4	0.62	-0.23	-0.36	0.63	-0.44	-0.18	0.1	-0.64	-0.54	0.6	-0.36	-0.88	-0.95

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Reliance Industrial Account Relationship Matchups

Reliance Industrial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.5B	4.7B	4.8B	5.3B	3.9B
Other Current Liab	73.1M	46.7M	43.4M	70.9M	71.8M	97.9M
Total Current Liabilities	299.0M	199.7M	186.6M	330.5M	432.6M	320.0M
Total Stockholder Equity	3.7B	4.1B	4.3B	4.3B	4.7B	3.1B
Property Plant And Equipment Net	500.9M	463.0M	427.3M	368.2M	287.7M	472.9M
Net Debt	(17.5M)	(3.2M)	(7.7M)	(11.4M)	(10.5M)	(9.9M)
Retained Earnings	779.3M	800.5M	808.7M	909.1M	959.4M	761.8M
Accounts Payable	225.9M	153.0M	143.2M	259.5M	360.8M	222.1M
Cash	17.5M	3.2M	7.7M	11.4M	10.5M	13.5M
Non Current Assets Total	3.4B	3.7B	3.2B	2.6B	3.0B	2.5B
Non Currrent Assets Other	(3.3B)	22.1M	29.9M	45.7M	66.8M	63.5M
Cash And Short Term Investments	348.9M	418.5M	1.2B	2.0B	2.1B	2.2B
Net Receivables	379.2M	196.8M	162.6M	36.4M	32.9M	31.2M
Short Term Investments	331.3M	415.3M	1.1B	2.0B	2.1B	2.2B
Liabilities And Stockholders Equity	4.1B	4.5B	4.7B	4.8B	5.3B	3.9B
Non Current Liabilities Total	141.9M	166.8M	168.3M	122.8M	190.4M	329.0M
Inventory	22.1M	21.4M	22.4M	3.1M	2.4M	2.3M
Other Current Assets	26.1M	181.9M	112.3M	1.6B	135.0M	248.2M
Other Stockholder Equity	5.1B	5.3B	(2.9B)	96M	86.4M	82.1M
Total Liab	440.9M	366.5M	354.9M	453.2M	623.0M	649.0M
Total Current Assets	776.2M	827.0M	1.5B	2.1B	2.3B	2.4B
Accumulated Other Comprehensive Income	(2.5B)	3.1B	3.3B	3.2B	3.5B	3.7B
Intangible Assets	174.2M	81.9M	15.6M	5K	4.5K	4.3K
Other Liab	141.9M	166.8M	168.3M	122.8M	110.5M	158.6M
Net Tangible Assets	3.5B	4.0B	4.3B	4.3B	5.0B	3.6B
Property Plant Equipment	500.9M	463.0M	427.3M	368.2M	331.4M	459.2M
Net Invested Capital	3.7B	4.1B	4.3B	4.3B	4.7B	4.5B
Net Working Capital	477.2M	627.3M	1.3B	1.8B	1.9B	1.0B

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Reliance Total Current Assets vs Short Long Term Debt Total Analysis

Total Current Assets vs Short Long Term Debt Total

Total Current Assets vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Total Current Assets

Short Long Term Debt Total

Reliance Industrial fundamental ratios Correlations

Reliance Industrial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Industrial fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Short Term Investments	+ 1.0	Cash And Short Term Investments
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 1.0	Short Term Investments
Net Tangible Assets	+ 0.98	Total Assets

Net Tangible Assets	- 0.95	Other Liab
Other Liab	- 0.94	Total Assets
Other Liab	- 0.89	Total Stockholder Equity
Net Tangible Assets	- 0.88	Intangible Assets
Intangible Assets	- 0.82	Total Assets
Total Current Assets	- 0.8	Net Receivables