Riverside Non Current Assets Total vs Total Current Assets Analysis

RRI Stock

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

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Riverside Resources Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Riverside Resources' Non Current Assets Total and Total Current Assets is 0.55. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Riverside Resources, assuming nothing else is changed. The correlation between historical values of Riverside Resources' Non Current Assets Total and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Riverside Resources are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., Riverside Resources' Non Current Assets Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.

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

At this time, Riverside Resources' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 7.43 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	1.3M	1.2M	1.1M	1.0M
Depreciation And Amortization	63.2K	54.8K	63.0K	43.5K

Other Operating Expenses Depreciation And Amortization

Riverside Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Inventory	Other Current Assets	Other Current Liab	Common Stock	Net Tangible Assets	Other Assets	Property Plant Equipment	Net Invested Capital	Net Working Capital
Total Assets		0.7	0.96	0.82	-0.75	-0.46	0.59	0.7	0.87	0.88	0.34	0.85	-0.04	-0.29	0.7	0.89	0.07	0.14	0.27	0.44	0.65	0.73	0.19	0.52	0.67	0.26
Total Current Liabilities	0.7		0.46	0.51	-0.7	-0.34	0.4	0.58	0.59	0.55	-0.04	0.75	-0.24	-0.23	1.0	0.64	0.11	0.37	0.4	0.85	0.55	0.5	0.58	0.55	0.42	-0.03
Total Stockholder Equity	0.96	0.46		0.82	-0.64	-0.43	0.57	0.63	0.84	0.87	0.44	0.75	0.05	-0.26	0.46	0.84	0.04	0.02	0.17	0.19	0.59	0.7	-0.01	0.42	0.66	0.34
Property Plant And Equipment Net	0.82	0.51	0.82		-0.65	-0.67	0.51	0.6	0.99	0.54	0.32	0.86	-0.27	-0.51	0.51	0.48	0.44	0.3	-0.09	0.35	0.79	0.6	0.29	0.72	0.52	-0.09
Net Debt	-0.75	-0.7	-0.64	-0.65		0.38	-0.78	-0.96	-0.74	-0.56	0.05	-0.79	0.61	0.51	-0.7	-0.59	0.02	-0.48	-0.16	-0.52	-0.78	-0.77	-0.09	-0.53	-0.79	-0.31
Retained Earnings	-0.46	-0.34	-0.43	-0.67	0.38		-0.1	-0.34	-0.63	-0.18	-0.23	-0.67	0.24	0.08	-0.34	-0.19	-0.47	-0.22	-0.02	-0.23	-0.52	0.04	-0.28	-0.31	-0.12	0.28
Accounts Payable	0.59	0.4	0.57	0.51	-0.78	-0.1		0.86	0.58	0.57	-0.09	0.5	-0.38	-0.36	0.4	0.47	-0.1	0.22	-0.15	0.26	0.59	0.7	-0.22	0.43	0.79	0.31
Cash	0.7	0.58	0.63	0.6	-0.96	-0.34	0.86		0.68	0.54	0.0	0.71	-0.6	-0.47	0.58	0.55	-0.02	0.46	0.06	0.43	0.8	0.76	-0.05	0.51	0.82	0.35
Non Current Assets Total	0.87	0.59	0.84	0.99	-0.74	-0.63	0.58	0.68		0.59	0.23	0.9	-0.32	-0.51	0.59	0.55	0.36	0.31	-0.01	0.42	0.81	0.67	0.28	0.7	0.62	0.01
Cash And Short Term Investments	0.88	0.55	0.87	0.54	-0.56	-0.18	0.57	0.54	0.59		0.36	0.6	0.3	0.0	0.55	0.95	-0.28	-0.12	0.21	0.19	0.33	0.6	-0.1	0.22	0.59	0.41
Net Receivables	0.34	-0.04	0.44	0.32	0.05	-0.23	-0.09	0.0	0.23	0.36		0.26	0.38	0.15	-0.04	0.36	0.25	0.1	-0.21	-0.03	0.22	0.07	0.04	0.23	-0.03	-0.13
Common Stock Shares Outstanding	0.85	0.75	0.75	0.86	-0.79	-0.67	0.5	0.71	0.9	0.6	0.26		-0.36	-0.33	0.75	0.61	0.21	0.39	0.11	0.56	0.79	0.57	0.34	0.57	0.61	0.07
Short Term Investments	-0.04	-0.24	0.05	-0.27	0.61	0.24	-0.38	-0.6	-0.32	0.3	0.38	-0.36		0.57	-0.24	0.23	-0.24	-0.67	0.07	-0.37	-0.65	-0.39	-0.13	-0.4	-0.45	-0.06
Other Stockholder Equity	-0.29	-0.23	-0.26	-0.51	0.51	0.08	-0.36	-0.47	-0.51	0.0	0.15	-0.33	0.57		-0.23	-0.01	-0.29	-0.33	0.03	-0.29	-0.51	-0.6	-0.33	-0.7	-0.23	0.14
Total Liab	0.7	1.0	0.46	0.51	-0.7	-0.34	0.4	0.58	0.59	0.55	-0.04	0.75	-0.24	-0.23		0.64	0.11	0.37	0.39	0.85	0.55	0.5	0.58	0.55	0.42	-0.04
Total Current Assets	0.89	0.64	0.84	0.48	-0.59	-0.19	0.47	0.55	0.55	0.95	0.36	0.61	0.23	-0.01	0.64		-0.22	-0.05	0.46	0.35	0.36	0.61	0.06	0.22	0.56	0.43
Non Currrent Assets Other	0.07	0.11	0.04	0.44	0.02	-0.47	-0.1	-0.02	0.36	-0.28	0.25	0.21	-0.24	-0.29	0.11	-0.22		0.35	-0.15	0.37	0.46	0.0	0.58	0.63	-0.15	-0.64
Inventory	0.14	0.37	0.02	0.3	-0.48	-0.22	0.22	0.46	0.31	-0.12	0.1	0.39	-0.67	-0.33	0.37	-0.05	0.35		-0.27	0.53	0.66	0.31	0.26	0.51	0.3	-0.15
Other Current Assets	0.27	0.4	0.17	-0.09	-0.16	-0.02	-0.15	0.06	-0.01	0.21	-0.21	0.11	0.07	0.03	0.39	0.46	-0.15	-0.27		0.35	-0.11	0.16	0.34	-0.17	0.05	0.33
Other Current Liab	0.44	0.85	0.19	0.35	-0.52	-0.23	0.26	0.43	0.42	0.19	-0.03	0.56	-0.37	-0.29	0.85	0.35	0.37	0.53	0.35		0.51	0.37	0.79	0.63	0.19	-0.3
Common Stock	0.65	0.55	0.59	0.79	-0.78	-0.52	0.59	0.8	0.81	0.33	0.22	0.79	-0.65	-0.51	0.55	0.36	0.46	0.66	-0.11	0.51		0.69	0.24	0.77	0.69	0.03
Net Tangible Assets	0.73	0.5	0.7	0.6	-0.77	0.04	0.7	0.76	0.67	0.6	0.07	0.57	-0.39	-0.6	0.5	0.61	0.0	0.31	0.16	0.37	0.69		0.04	0.59	0.81	0.45
Other Assets	0.19	0.58	-0.01	0.29	-0.09	-0.28	-0.22	-0.05	0.28	-0.1	0.04	0.34	-0.13	-0.33	0.58	0.06	0.58	0.26	0.34	0.79	0.24	0.04		0.58	-0.29	-0.63
Property Plant Equipment	0.52	0.55	0.42	0.72	-0.53	-0.31	0.43	0.51	0.7	0.22	0.23	0.57	-0.4	-0.7	0.55	0.22	0.63	0.51	-0.17	0.63	0.77	0.59	0.58		0.27	-0.43
Net Invested Capital	0.67	0.42	0.66	0.52	-0.79	-0.12	0.79	0.82	0.62	0.59	-0.03	0.61	-0.45	-0.23	0.42	0.56	-0.15	0.3	0.05	0.19	0.69	0.81	-0.29	0.27		0.67
Net Working Capital	0.26	-0.03	0.34	-0.09	-0.31	0.28	0.31	0.35	0.01	0.41	-0.13	0.07	-0.06	0.14	-0.04	0.43	-0.64	-0.15	0.33	-0.3	0.03	0.45	-0.63	-0.43	0.67

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Riverside Resources Account Relationship Matchups

Riverside Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.2M	14.9M	16.3M	15.3M	17.6M	11.6M
Total Current Liabilities	2.6M	3.9M	4.1M	1.8M	2.0M	1.3M
Total Stockholder Equity	9.6M	11.0M	12.2M	13.6M	15.6M	10.3M
Property Plant And Equipment Net	5.4M	6.3M	4.8M	6.6M	7.6M	4.4M
Net Debt	(4.6M)	(6.0M)	(6.9M)	(7.2M)	(6.5M)	(6.2M)
Retained Earnings	(16.6M)	(15.9M)	(16.1M)	(16.5M)	(14.8M)	(15.6M)
Accounts Payable	158.2K	474.3K	238.4K	482.3K	554.6K	582.3K
Cash	4.6M	6.0M	6.9M	7.2M	8.3M	8.7M
Non Current Assets Total	5.4M	7.3M	5.9M	7.4M	8.6M	4.6M
Cash And Short Term Investments	6.1M	7.4M	7.1M	7.4M	8.5M	6.3M
Net Receivables	610.2K	95.2K	203.5K	380.4K	437.5K	394.4K
Common Stock Shares Outstanding	72.6M	66.1M	67.8M	67.8M	78.0M	44.8M
Short Term Investments	1.5M	1.4M	130.2K	181.3K	163.2K	155.0K
Liabilities And Stockholders Equity	12.2M	14.9M	16.3M	15.3M	17.6M	11.6M
Other Stockholder Equity	1.9M	1.2M	1.4M	2.3M	2.1M	2.0M
Total Liab	2.7M	3.9M	4.1M	1.8M	2.0M	1.3M
Total Current Assets	6.8M	7.6M	10.4M	7.9M	9.1M	7.0M
Other Current Assets	109.7K	129.6K	3.1M	1.0	1.15	1.09
Other Current Liab	2.5M	3.4M	3.8M	1.3M	1.5M	1.7M
Accumulated Other Comprehensive Income	1.2M	1.4M	2.3M	4.0M	4.6M	2.4M
Common Stock	27.3M	25.0M	25.5M	26.0M	29.9M	26.3M
Net Tangible Assets	10.1M	9.6M	11.0M	12.2M	14.1M	10.4M
Property Plant Equipment	6.6M	5.4M	6.3M	4.8M	5.6M	5.2M
Net Invested Capital	9.6M	11.0M	12.2M	13.6M	15.6M	11.8M
Net Working Capital	4.1M	3.7M	6.3M	6.1M	7.0M	5.1M
Capital Stock	27.3M	25.0M	25.5M	26.0M	29.9M	28.3M

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