Rio Retained Earnings vs Cash And Short Term Investments 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 Retained Earnings and its Cash And Short Term Investments 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.

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio Tinto Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Rio Tinto's Retained Earnings and Cash And Short Term Investments is 0.66. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments 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 Retained Earnings and Cash 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 Retained Earnings of Rio Tinto are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Rio Tinto's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Rio Tinto balance sheet. This account contains Rio Tinto investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Rio Tinto fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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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