Ringcentral Net Debt vs Cash Analysis

RNG Stock

USD 36.88 2.01 5.76%

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

For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ringcentral Net Debt account and Cash. At this time, the significance of the direction appears to have very week relationship.

The correlation between Ringcentral's Net Debt and Cash is 0.28. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Ringcentral, assuming nothing else is changed. The correlation between historical values of Ringcentral's Net Debt and Cash 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 Ringcentral are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Ringcentral's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

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.

Cash

Cash refers to the most liquid asset of Ringcentral, which is listed under current asset account on Ringcentral balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ringcentral customers. The amounts must be unrestricted with restricted cash listed in a different Ringcentral 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.

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

For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.At this time, Ringcentral's Sales General And Administrative To Revenue is most likely to increase slightly in the upcoming years. The Ringcentral's current Enterprise Value is estimated to increase to about 13.3 B, while Enterprise Value Over EBITDA is projected to decrease to 34.07.

	2021	2022	2023	2024 (projected)
Interest Expense	64.4M	4.8M	36.0M	37.8M
Depreciation And Amortization	143.3M	266.5M	233.9M	245.6M

Interest Expense Depreciation And Amortization

Ringcentral fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Common Stock Shares Outstanding		0.83	0.76	0.8	0.8	-0.03	0.66	0.81	0.81	0.65	-0.65	0.79	0.63	0.76	0.51	0.75	0.63	0.75	0.74	0.04	0.67	0.85	0.76	0.58	0.85	0.53
Total Assets	0.83		0.85	0.86	0.87	0.04	0.81	0.91	0.84	0.77	-0.64	0.98	0.65	0.98	0.47	0.97	0.65	0.8	0.86	0.32	0.72	0.9	0.87	0.6	0.92	0.65
Short Long Term Debt Total	0.76	0.85		0.96	0.98	-0.41	0.87	0.98	0.97	0.97	-0.9	0.86	0.49	0.82	0.78	0.79	0.49	0.97	0.99	0.23	0.96	0.71	0.99	0.87	0.82	0.78
Other Current Liab	0.8	0.86	0.96		0.99	-0.39	0.86	0.97	0.98	0.94	-0.93	0.87	0.47	0.82	0.84	0.76	0.46	0.98	0.97	0.22	0.94	0.79	0.98	0.82	0.82	0.67
Total Current Liabilities	0.8	0.87	0.98	0.99		-0.38	0.87	0.99	0.99	0.96	-0.92	0.87	0.49	0.83	0.81	0.79	0.48	0.99	0.99	0.22	0.96	0.78	0.99	0.86	0.83	0.75
Total Stockholder Equity	-0.03	0.04	-0.41	-0.39	-0.38		-0.25	-0.27	-0.38	-0.53	0.66	-0.06	0.3	0.08	-0.79	0.17	0.3	-0.46	-0.42	0.09	-0.59	0.2	-0.41	-0.52	-0.04	-0.28
Other Liab	0.66	0.81	0.87	0.86	0.87	-0.25		0.87	0.86	0.89	-0.79	0.84	0.27	0.84	0.6	0.75	0.27	0.85	0.88	0.63	0.85	0.71	0.88	0.74	0.64	0.58
Property Plant And Equipment Net	0.81	0.91	0.98	0.97	0.99	-0.27	0.87		0.98	0.94	-0.86	0.91	0.55	0.88	0.73	0.86	0.54	0.97	0.98	0.25	0.92	0.82	0.98	0.85	0.85	0.78
Current Deferred Revenue	0.81	0.84	0.97	0.98	0.99	-0.38	0.86	0.98		0.94	-0.93	0.83	0.5	0.79	0.82	0.75	0.49	0.99	0.97	0.18	0.96	0.78	0.98	0.9	0.83	0.72
Net Debt	0.65	0.77	0.97	0.94	0.96	-0.53	0.89	0.94	0.94		-0.93	0.82	0.28	0.77	0.83	0.71	0.27	0.96	0.97	0.34	0.98	0.61	0.97	0.89	0.68	0.76
Retained Earnings	-0.65	-0.64	-0.9	-0.93	-0.92	0.66	-0.79	-0.86	-0.93	-0.93		-0.68	-0.21	-0.6	-0.95	-0.52	-0.21	-0.96	-0.9	-0.16	-0.98	-0.58	-0.91	-0.9	-0.64	-0.63
Accounts Payable	0.79	0.98	0.86	0.87	0.87	-0.06	0.84	0.91	0.83	0.82	-0.68		0.51	0.99	0.52	0.96	0.5	0.8	0.88	0.38	0.75	0.85	0.88	0.6	0.84	0.64
Cash	0.63	0.65	0.49	0.47	0.49	0.3	0.27	0.55	0.5	0.28	-0.21	0.51		0.52	0.14	0.61	1.0	0.43	0.48	-0.21	0.3	0.63	0.48	0.29	0.83	0.48
Non Current Assets Total	0.76	0.98	0.82	0.82	0.83	0.08	0.84	0.88	0.79	0.77	-0.6	0.99	0.52		0.41	0.98	0.51	0.75	0.83	0.46	0.68	0.87	0.83	0.55	0.81	0.61
Non Currrent Assets Other	0.51	0.47	0.78	0.84	0.81	-0.79	0.6	0.73	0.82	0.83	-0.95	0.52	0.14	0.41		0.32	0.14	0.86	0.8	-0.03	0.89	0.4	0.8	0.8	0.53	0.51
Other Assets	0.75	0.97	0.79	0.76	0.79	0.17	0.75	0.86	0.75	0.71	-0.52	0.96	0.61	0.98	0.32		0.6	0.7	0.79	0.35	0.62	0.86	0.79	0.52	0.83	0.66
Cash And Short Term Investments	0.63	0.65	0.49	0.46	0.48	0.3	0.27	0.54	0.49	0.27	-0.21	0.5	1.0	0.51	0.14	0.6		0.42	0.47	-0.21	0.3	0.63	0.48	0.29	0.83	0.48
Net Receivables	0.75	0.8	0.97	0.98	0.99	-0.46	0.85	0.97	0.99	0.96	-0.96	0.8	0.43	0.75	0.86	0.7	0.42		0.97	0.18	0.98	0.72	0.98	0.92	0.78	0.73
Non Current Liabilities Total	0.74	0.86	0.99	0.97	0.99	-0.42	0.88	0.98	0.97	0.97	-0.9	0.88	0.48	0.83	0.8	0.79	0.47	0.97		0.27	0.96	0.71	1.0	0.85	0.82	0.77
Inventory	0.04	0.32	0.23	0.22	0.22	0.09	0.63	0.25	0.18	0.34	-0.16	0.38	-0.21	0.46	-0.03	0.35	-0.21	0.18	0.27		0.22	0.24	0.26	0.14	0.02	0.06
Other Current Assets	0.67	0.72	0.96	0.94	0.96	-0.59	0.85	0.92	0.96	0.98	-0.98	0.75	0.3	0.68	0.89	0.62	0.3	0.98	0.96	0.22		0.6	0.96	0.93	0.69	0.74
Other Stockholder Equity	0.85	0.9	0.71	0.79	0.78	0.2	0.71	0.82	0.78	0.61	-0.58	0.85	0.63	0.87	0.4	0.86	0.63	0.72	0.71	0.24	0.6		0.73	0.53	0.84	0.49
Total Liab	0.76	0.87	0.99	0.98	0.99	-0.41	0.88	0.98	0.98	0.97	-0.91	0.88	0.48	0.83	0.8	0.79	0.48	0.98	1.0	0.26	0.96	0.73		0.86	0.82	0.77
Property Plant And Equipment Gross	0.58	0.6	0.87	0.82	0.86	-0.52	0.74	0.85	0.9	0.89	-0.9	0.6	0.29	0.55	0.8	0.52	0.29	0.92	0.85	0.14	0.93	0.53	0.86		0.61	0.76
Total Current Assets	0.85	0.92	0.82	0.82	0.83	-0.04	0.64	0.85	0.83	0.68	-0.64	0.84	0.83	0.81	0.53	0.83	0.83	0.78	0.82	0.02	0.69	0.84	0.82	0.61		0.65
Short Term Debt	0.53	0.65	0.78	0.67	0.75	-0.28	0.58	0.78	0.72	0.76	-0.63	0.64	0.48	0.61	0.51	0.66	0.48	0.73	0.77	0.06	0.74	0.49	0.77	0.76	0.65

Click cells to compare fundamentals

Ringcentral Account Relationship Matchups

Ringcentral fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	83.1M	88.7M	91.7M	95.2M	94.9M	79.5M
Total Assets	1.5B	2.2B	2.6B	2.1B	1.9B	1.0B
Short Long Term Debt Total	415.4M	1.4B	1.4B	1.7B	1.8B	1.9B
Other Current Liab	124.5M	163.1M	230.6M	324.8M	265.1M	278.4M
Total Current Liabilities	280.7M	438.1M	526.3M	652.6M	632.5M	664.2M
Total Stockholder Equity	745.7M	312.2M	538.4M	(482.8M)	(502.6M)	(477.4M)
Other Liab	8.9M	24.0M	84.1M	45.8M	52.7M	55.4M
Property Plant And Equipment Net	128.5M	193.3M	214.2M	220.8M	227.4M	238.7M
Current Deferred Revenue	107.4M	142.2M	176.5M	209.7M	233.6M	245.3M
Net Debt	71.8M	805.3M	1.2B	1.4B	1.6B	1.6B
Retained Earnings	(289.3M)	(372.3M)	(748.6M)	(1.5B)	(1.7B)	(1.6B)
Accounts Payable	34.6M	54.0M	70.0M	62.7M	53.3M	27.4M
Cash	343.6M	639.9M	267.2M	270.0M	222.2M	259.7M
Non Current Assets Total	915.2M	1.3B	1.9B	1.3B	1.1B	582.7M
Non Currrent Assets Other	9.6M	8.6M	8.1M	469.9M	404.2M	424.5M
Other Assets	471.9M	676.3M	731.6M	469.9M	407.7M	243.5M
Cash And Short Term Investments	343.6M	639.9M	267.2M	270.0M	222.2M	262.1M
Net Receivables	130.0M	176.0M	232.8M	311.3M	364.4M	382.7M
Liabilities And Stockholders Equity	1.5B	2.2B	2.6B	2.1B	1.9B	1.0B
Non Current Liabilities Total	424.3M	1.4B	1.5B	1.9B	1.8B	1.9B
Inventory	401K	551K	5.7M	1.2M	1.5M	1.6M
Other Current Assets	25.4M	109.7M	145.1M	213.5M	260.5M	273.6M
Other Stockholder Equity	1.0B	677.7M	1.1B	860.4M	805.9M	565.7M
Total Liab	705.0M	1.9B	2.0B	2.6B	2.4B	2.6B
Property Plant And Equipment Gross	128.5M	193.3M	214.2M	185.4M	560.8M	588.8M
Total Current Assets	535.5M	926.1M	650.7M	796.0M	848.6M	460.1M
Accumulated Other Comprehensive Income	1.9M	6.8M	644K	(8.8M)	(8.2M)	(7.8M)
Short Term Debt	14.2M	47.4M	18.7M	17.5M	36.7M	38.5M
Property Plant Equipment	89.2M	142.2M	214.2M	220.8M	254.0M	266.7M
Long Term Debt	386.9M	1.4B	1.4B	1.6B	1.5B	1.6B
Good Will	55.3M	57.3M	55.5M	54.3M	67.4M	34.9M
Retained Earnings Total Equity	(289.3M)	(372.3M)	(748.6M)	(1.5B)	(1.4B)	(1.3B)
Deferred Long Term Liab	462.3M	667.8M	723.4M	438.6M	504.4M	262.4M
Intangible Assets	127.3M	118.3M	716.6M	528.1M	393.8M	413.5M
Net Tangible Assets	563.1M	136.6M	(433.1M)	(283.3M)	(255.0M)	(242.3M)

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When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:

How To Invest In Ringcentral

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Is Ringcentral Stock a good investment?

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What is Ringcentral's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. 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.

For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.05)

Revenue Per Share

25.361

Quarterly Revenue Growth

0.091

Return On Assets

(0.01)

Return On Equity

(6.89)

The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ringcentral Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Ringcentral fundamental ratios Correlations

Ringcentral Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ringcentral fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Current Liabilities	+ 0.99	Other Current Liab
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.98	Retained Earnings
Net Receivables	- 0.96	Retained Earnings
Non Currrent Assets Other	- 0.95	Retained Earnings
Retained Earnings	- 0.93	Net Debt
Retained Earnings	- 0.93	Current Deferred Revenue
Retained Earnings	- 0.93	Other Current Liab