| RW Stock | | | CAD 0.31 0.01 3.13% |
Renoworks Software financial indicator trend analysis is much more than just breaking down Renoworks Software prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renoworks Software is a good investment. Please check the relationship between Renoworks Software Long Term Debt and its Total Current Assets accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renoworks Software. 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.
Long Term Debt vs Total Current Assets
Long Term Debt vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Renoworks Software Long Term Debt account and
Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Renoworks Software's Long Term Debt and Total Current Assets is -0.68. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Renoworks Software, assuming nothing else is changed. The correlation between historical values of Renoworks Software's Long Term Debt 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 Long Term Debt of Renoworks Software 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 Long Term Debt i.e., Renoworks Software's Long Term Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.68 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Renoworks Software has held for over one year. Long-term debt appears on Renoworks Software 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 Renoworks Software 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.
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 Renoworks Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renoworks Software 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 Renoworks Software. 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, Renoworks Software's
Sales General And Administrative To Revenue is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 4.5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.8
M in 2024.
Renoworks Software fundamental ratios Correlations
Click cells to compare fundamentals
Renoworks Software Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Renoworks Software fundamental ratios Accounts
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Additional Tools for Renoworks Stock Analysis
When running Renoworks Software's price analysis, check to
measure Renoworks Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renoworks Software is operating at the current time. Most of Renoworks Software's value examination focuses on studying past and present price action to
predict the probability of Renoworks Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renoworks Software's price. Additionally, you may evaluate how the addition of Renoworks Software to your portfolios can decrease your overall portfolio volatility.