Rio Accounts Payable vs Long Term Debt Analysis

RIO Stock

118.24 1.10 0.94%

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

Accounts Payable vs Long Term Debt

Accounts Payable vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio Tinto Accounts Payable account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Rio Tinto's Accounts Payable and Long Term Debt is 0.32. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Rio Tinto, assuming nothing else is changed. The correlation between historical values of Rio Tinto's Accounts Payable and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Rio Tinto are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accounts Payable i.e., Rio Tinto's Accounts Payable and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Rio Tinto 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 Rio Tinto 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.

Long Term Debt

Long-term debt is a debt that Rio Tinto has held for over one year. Long-term debt appears on Rio Tinto balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Rio Tinto balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Rio Tinto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rio Tinto 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 Rio Tinto. 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 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 5 B in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	32.5B	36.5B	39.2B	30.5B
Gross Profit	31.3B	21.3B	17.3B	15.4B

Other Operating Expenses Gross Profit

Rio Tinto fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity
Total Assets		0.41	0.53	0.91	0.64	0.64	0.57	0.71	0.75	0.61	0.33	0.19	0.66	-0.04	0.96	0.69	0.88	0.95	0.69	0.96	0.4	0.98	0.64	0.29	0.65	0.84
Other Current Liab	0.41		0.08	0.42	0.33	0.4	-0.48	0.35	0.33	-0.15	-0.63	0.18	0.46	0.64	0.33	-0.1	0.21	0.62	0.34	0.6	0.2	0.36	0.34	-0.12	0.03	0.42
Total Current Liabilities	0.53	0.08		0.38	-0.02	0.19	0.51	0.13	0.46	0.74	0.57	0.16	0.7	0.02	0.62	0.72	0.58	0.4	0.49	0.36	0.48	0.52	0.04	0.29	0.66	0.13
Total Stockholder Equity	0.91	0.42	0.38		0.87	0.89	0.52	0.72	0.42	0.36	0.18	0.42	0.71	-0.03	0.77	0.51	0.63	0.91	0.35	0.9	0.02	0.87	0.74	0.04	0.45	0.84
Other Liab	0.64	0.33	-0.02	0.87		0.91	0.35	0.57	0.05	-0.03	-0.03	0.46	0.51	-0.14	0.44	0.14	0.28	0.72	-0.04	0.7	-0.32	0.62	0.68	-0.2	0.18	0.74
Retained Earnings	0.64	0.4	0.19	0.89	0.91		0.34	0.57	0.04	0.01	-0.03	0.64	0.71	0.04	0.45	0.28	0.23	0.72	-0.01	0.67	-0.31	0.6	0.66	-0.24	0.19	0.68
Accounts Payable	0.57	-0.48	0.51	0.52	0.35	0.34		0.28	0.32	0.71	0.89	0.13	0.35	-0.57	0.59	0.75	0.6	0.34	0.26	0.36	0.14	0.6	0.25	0.33	0.62	0.4
Cash	0.71	0.35	0.13	0.72	0.57	0.57	0.28		0.46	0.16	-0.03	0.13	0.19	0.15	0.59	0.31	0.51	0.68	0.4	0.71	-0.05	0.61	0.95	0.19	0.09	0.62
Long Term Debt	0.75	0.33	0.46	0.42	0.05	0.04	0.32	0.46		0.65	0.29	-0.26	0.29	0.12	0.87	0.69	0.89	0.67	0.99	0.71	0.85	0.77	0.26	0.54	0.68	0.55
Net Receivables	0.61	-0.15	0.74	0.36	-0.03	0.01	0.71	0.16	0.65		0.75	-0.1	0.38	-0.24	0.73	0.77	0.82	0.38	0.63	0.43	0.59	0.64	0.07	0.44	0.69	0.36
Good Will	0.33	-0.63	0.57	0.18	-0.03	-0.03	0.89	-0.03	0.29	0.75		-0.08	0.21	-0.68	0.43	0.72	0.53	0.08	0.26	0.08	0.32	0.38	-0.11	0.52	0.65	0.03
Short Term Investments	0.19	0.18	0.16	0.42	0.46	0.64	0.13	0.13	-0.26	-0.1	-0.08		0.6	0.06	0.07	0.01	-0.14	0.21	-0.26	0.2	-0.39	0.16	0.24	-0.49	-0.07	0.3
Inventory	0.66	0.46	0.7	0.71	0.51	0.71	0.35	0.19	0.29	0.38	0.21	0.6		0.09	0.61	0.52	0.44	0.69	0.29	0.63	0.22	0.66	0.19	-0.05	0.57	0.48
Other Current Assets	-0.04	0.64	0.02	-0.03	-0.14	0.04	-0.57	0.15	0.12	-0.24	-0.68	0.06	0.09		-0.04	-0.2	-0.15	0.1	0.19	0.1	0.09	-0.11	0.13	-0.22	-0.31	0.06
Total Liab	0.96	0.33	0.62	0.77	0.44	0.45	0.59	0.59	0.87	0.73	0.43	0.07	0.61	-0.04		0.79	0.95	0.88	0.83	0.9	0.61	0.97	0.48	0.39	0.75	0.75
Intangible Assets	0.69	-0.1	0.72	0.51	0.14	0.28	0.75	0.31	0.69	0.77	0.72	0.01	0.52	-0.2	0.79		0.76	0.53	0.68	0.51	0.58	0.72	0.15	0.48	0.79	0.41
Common Stock	0.88	0.21	0.58	0.63	0.28	0.23	0.6	0.51	0.89	0.82	0.53	-0.14	0.44	-0.15	0.95	0.76		0.76	0.85	0.8	0.68	0.9	0.37	0.57	0.76	0.63
Property Plant Equipment	0.95	0.62	0.4	0.91	0.72	0.72	0.34	0.68	0.67	0.38	0.08	0.21	0.69	0.1	0.88	0.53	0.76		0.62	0.99	0.35	0.93	0.63	0.21	0.56	0.82
Short Long Term Debt Total	0.69	0.34	0.49	0.35	-0.04	-0.01	0.26	0.4	0.99	0.63	0.26	-0.26	0.29	0.19	0.83	0.68	0.85	0.62		0.65	0.88	0.71	0.19	0.51	0.66	0.48
Property Plant And Equipment Net	0.96	0.6	0.36	0.9	0.7	0.67	0.36	0.71	0.71	0.43	0.08	0.2	0.63	0.1	0.9	0.51	0.8	0.99	0.65		0.36	0.94	0.67	0.18	0.53	0.88
Net Debt	0.4	0.2	0.48	0.02	-0.32	-0.31	0.14	-0.05	0.85	0.59	0.32	-0.39	0.22	0.09	0.61	0.58	0.68	0.35	0.88	0.36		0.46	-0.26	0.58	0.65	0.16
Non Current Assets Total	0.98	0.36	0.52	0.87	0.62	0.6	0.6	0.61	0.77	0.64	0.38	0.16	0.66	-0.11	0.97	0.72	0.9	0.93	0.71	0.94	0.46		0.53	0.28	0.75	0.84
Cash And Short Term Investments	0.64	0.34	0.04	0.74	0.68	0.66	0.25	0.95	0.26	0.07	-0.11	0.24	0.19	0.13	0.48	0.15	0.37	0.63	0.19	0.67	-0.26	0.53		-0.02	-0.05	0.65
Common Stock Shares Outstanding	0.29	-0.12	0.29	0.04	-0.2	-0.24	0.33	0.19	0.54	0.44	0.52	-0.49	-0.05	-0.22	0.39	0.48	0.57	0.21	0.51	0.18	0.58	0.28	-0.02		0.37	-0.11
Non Current Liabilities Total	0.65	0.03	0.66	0.45	0.18	0.19	0.62	0.09	0.68	0.69	0.65	-0.07	0.57	-0.31	0.75	0.79	0.76	0.56	0.66	0.53	0.65	0.75	-0.05	0.37		0.38
Other Stockholder Equity	0.84	0.42	0.13	0.84	0.74	0.68	0.4	0.62	0.55	0.36	0.03	0.3	0.48	0.06	0.75	0.41	0.63	0.82	0.48	0.88	0.16	0.84	0.65	-0.11	0.38

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Rio Tinto Account Relationship Matchups

Rio Tinto fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	87.8B	97.4B	102.9B	96.7B	103.5B	87.1B
Other Current Liab	5.4B	5.2B	6.1B	6.3B	6.9B	5.0B
Total Current Liabilities	11.1B	11.6B	12.6B	11.6B	12.7B	12.1B
Total Stockholder Equity	40.5B	47.1B	51.4B	50.2B	54.6B	38.1B
Other Liab	18.3B	20.6B	21.3B	21.8B	25.1B	14.2B
Retained Earnings	23.4B	26.8B	33.3B	34.5B	38.4B	22.8B
Accounts Payable	2.9B	3.1B	3.4B	3.3B	3.3B	3.0B
Cash	8.0B	10.4B	12.8B	6.8B	8.7B	6.8B
Long Term Debt	12.1B	12.3B	11.4B	10.1B	12.2B	15.7B
Net Receivables	3.1B	3.7B	3.1B	3.4B	2.5B	4.0B
Good Will	922M	946M	879M	826M	797M	757.2M
Short Term Investments	28M	139M	2.5B	2.1B	1.1B	1.1B
Inventory	3.5B	3.9B	5.4B	6.2B	6.7B	4.3B
Other Current Assets	1.1B	1.3B	1.5B	1.7B	1.6B	2.0B
Total Liab	42.6B	45.5B	46.3B	44.5B	47.2B	44.6B
Intangible Assets	2.6B	2.8B	2.8B	3.6B	4.4B	4.0B
Common Stock	3.7B	4.0B	3.8B	3.5B	3.6B	3.6B
Property Plant Equipment	57.4B	62.9B	64.9B	64.7B	74.4B	52.4B
Short Long Term Debt Total	14.7B	13.8B	13.5B	12.3B	14.4B	19.0B
Property Plant And Equipment Net	57.4B	62.9B	64.9B	64.7B	68.4B	53.7B
Net Debt	6.7B	3.5B	724M	5.5B	5.7B	8.7B
Non Current Assets Total	65.2B	70.6B	72.5B	72.9B	82.0B	68.6B
Cash And Short Term Investments	10.6B	13.1B	15.3B	8.9B	9.8B	8.0B
Common Stock Shares Outstanding	1.6B	1.6B	1.6B	1.6B	1.6B	1.4B
Liabilities And Stockholders Equity	87.8B	97.4B	102.9B	96.7B	103.5B	89.3B
Non Current Liabilities Total	12.1B	12.3B	11.4B	10.1B	34.5B	24.3B
Other Stockholder Equity	4.3B	4.3B	4.3B	4.8B	4.3B	4.7B
Total Current Assets	17.3B	20.9B	24.4B	19.0B	21.5B	18.0B
Accumulated Other Comprehensive Income	9.2B	12.0B	10.0B	7.8B	8.3B	7.4B
Short Term Debt	1.0B	584M	1.1B	1.2B	1.2B	1.8B
Current Deferred Revenue	205M	350M	404M	333M	280M	196.5M
Non Currrent Assets Other	(3.1B)	(3.4B)	(3.4B)	(2.8B)	3.6B	3.8B
Other Assets	5.3B	5.9B	6.0B	4.9B	5.6B	5.2B
Common Stock Total Equity	4.4B	3.7B	3.7B	4.0B	4.6B	4.2B
Property Plant And Equipment Gross	57.4B	62.9B	128.9B	129.8B	136.4B	73.1B
Net Tangible Assets	37.0B	43.4B	47.7B	45.7B	52.6B	44.1B
Long Term Investments	4.3B	4.6B	4.0B	3.7B	4.8B	3.7B
Short Long Term Debt	720M	351M	812M	923M	824M	782.8M
Long Term Debt Total	13.1B	13.2B	12.4B	11.1B	10.0B	11.5B

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