Reliance Cash And Short Term Investments vs Cash Analysis

RWC Stock

4.88 0.10 2.01%

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

Cash And Short Term Investments vs Cash

Cash And Short Term Investments vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Worldwide Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have totally related.

The correlation between Reliance Worldwide's Cash And Short Term Investments and Cash is 0.99. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Reliance Worldwide, assuming nothing else is changed. The correlation between historical values of Reliance Worldwide's Cash And Short Term Investments 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 Cash And Short Term Investments of Reliance Worldwide 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 Cash And Short Term Investments i.e., Reliance Worldwide's Cash And Short Term Investments and Cash go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Reliance Worldwide balance sheet. This account contains Reliance Worldwide investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Reliance Worldwide 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.

Cash

Cash refers to the most liquid asset of Reliance Worldwide, which is listed under current asset account on Reliance Worldwide balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Reliance Worldwide customers. The amounts must be unrestricted with restricted cash listed in a different Reliance Worldwide 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 Reliance Worldwide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Worldwide 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 Reliance Worldwide. 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.

Selling General Administrative is likely to drop to about 86 M in 2025. Tax Provision is likely to drop to about 46.1 M in 2025

	2022	2023	2024	2025 (projected)
Operating Income	221.3M	187.4M	215.5M	128.6M
Total Revenue	1.2B	1.2B	1.4B	780.5M

Operating Income Total Revenue

Reliance Worldwide fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Other Stockholder Equity	Short Long Term Debt	Total Current Assets	Short Term Debt	Retained Earnings	Cash And Short Term Investments	Long Term Debt Total	Short Long Term Debt Total
Total Assets		0.92	0.92	0.99	0.86	0.85	0.14	-0.51	0.85	0.96	0.99	0.91	0.83	0.97	0.93	0.91	0.96	-0.05	-0.33	-0.67	0.98	0.06	0.45	0.11	0.9	0.89
Other Current Liab	0.92		0.9	0.94	0.77	0.73	0.33	-0.39	0.76	0.87	0.94	0.73	0.69	0.84	0.86	0.81	0.93	0.18	-0.22	-0.56	0.89	0.14	0.4	0.31	0.78	0.78
Total Current Liabilities	0.92	0.9		0.92	0.88	0.92	-0.06	-0.53	0.63	0.95	0.9	0.88	0.78	0.88	0.85	0.79	0.9	0.14	-0.3	-0.58	0.91	0.29	0.56	-0.08	0.7	0.69
Total Stockholder Equity	0.99	0.94	0.92		0.84	0.83	0.15	-0.48	0.82	0.95	1.0	0.85	0.77	0.92	0.92	0.9	0.97	0.09	-0.26	-0.66	0.94	0.07	0.43	0.13	0.85	0.84
Other Liab	0.86	0.77	0.88	0.84		0.85	-0.16	-0.68	0.62	0.88	0.83	0.85	0.89	0.84	0.92	0.78	0.84	0.04	-0.22	-0.64	0.84	0.15	0.64	-0.22	0.7	0.69
Accounts Payable	0.85	0.73	0.92	0.83	0.85		-0.21	-0.59	0.56	0.9	0.8	0.91	0.78	0.85	0.77	0.78	0.8	0.06	-0.34	-0.65	0.86	0.21	0.52	-0.23	0.64	0.61
Cash	0.14	0.33	-0.06	0.15	-0.16	-0.21		0.17	0.47	-0.03	0.2	-0.16	-0.05	0.12	0.1	0.24	0.15	-0.08	0.07	-0.19	0.16	-0.43	-0.39	0.99	0.37	0.38
Other Assets	-0.51	-0.39	-0.53	-0.48	-0.68	-0.59	0.17		-0.31	-0.49	-0.47	-0.58	-0.64	-0.53	-0.64	-0.38	-0.39	0.08	-0.11	0.29	-0.52	-0.24	-0.73	0.22	-0.41	-0.45
Long Term Debt	0.85	0.76	0.63	0.82	0.62	0.56	0.47	-0.31		0.75	0.87	0.7	0.7	0.88	0.79	0.9	0.82	-0.35	-0.37	-0.7	0.84	-0.32	0.09	0.45	0.99	0.95
Net Receivables	0.96	0.87	0.95	0.95	0.88	0.9	-0.03	-0.49	0.75		0.94	0.93	0.83	0.94	0.89	0.85	0.92	0.01	-0.41	-0.7	0.95	0.08	0.51	-0.06	0.81	0.8
Good Will	0.99	0.94	0.9	1.0	0.83	0.8	0.2	-0.47	0.87	0.94		0.85	0.78	0.94	0.92	0.92	0.97	0.01	-0.29	-0.66	0.95	0.04	0.4	0.18	0.89	0.88
Inventory	0.91	0.73	0.88	0.85	0.85	0.91	-0.16	-0.58	0.7	0.93	0.85		0.91	0.95	0.84	0.77	0.79	-0.23	-0.47	-0.58	0.94	0.17	0.6	-0.18	0.79	0.8
Other Current Assets	0.83	0.69	0.78	0.77	0.89	0.78	-0.05	-0.64	0.7	0.83	0.78	0.91		0.88	0.91	0.72	0.71	-0.3	-0.43	-0.53	0.89	0.13	0.67	-0.11	0.79	0.82
Total Liab	0.97	0.84	0.88	0.92	0.84	0.85	0.12	-0.53	0.88	0.94	0.94	0.95	0.88		0.89	0.89	0.89	-0.26	-0.43	-0.68	0.98	0.01	0.43	0.09	0.93	0.92
Intangible Assets	0.93	0.86	0.85	0.92	0.92	0.77	0.1	-0.64	0.79	0.89	0.92	0.84	0.91	0.89		0.83	0.88	-0.04	-0.29	-0.59	0.92	0.11	0.61	0.04	0.85	0.87
Common Stock	0.91	0.81	0.79	0.9	0.78	0.78	0.24	-0.38	0.9	0.85	0.92	0.77	0.72	0.89	0.83		0.93	-0.08	-0.25	-0.81	0.86	-0.2	0.13	0.2	0.9	0.82
Property Plant Equipment	0.96	0.93	0.9	0.97	0.84	0.8	0.15	-0.39	0.82	0.92	0.97	0.79	0.71	0.89	0.88	0.93		0.11	-0.27	-0.71	0.89	0.0	0.31	0.13	0.84	0.79
Net Tangible Assets	-0.05	0.18	0.14	0.09	0.04	0.06	-0.08	0.08	-0.35	0.01	0.01	-0.23	-0.3	-0.26	-0.04	-0.08	0.11		0.42	-0.01	-0.15	0.22	0.08	-0.09	-0.37	-0.38
Other Stockholder Equity	-0.33	-0.22	-0.3	-0.26	-0.22	-0.34	0.07	-0.11	-0.37	-0.41	-0.29	-0.47	-0.43	-0.43	-0.29	-0.25	-0.27	0.42		0.16	-0.43	-0.05	-0.12	0.07	-0.4	-0.44
Short Long Term Debt	-0.67	-0.56	-0.58	-0.66	-0.64	-0.65	-0.19	0.29	-0.7	-0.7	-0.66	-0.58	-0.53	-0.68	-0.59	-0.81	-0.71	-0.01	0.16		-0.65	0.58	-0.01	-0.15	-0.69	-0.6
Total Current Assets	0.98	0.89	0.91	0.94	0.84	0.86	0.16	-0.52	0.84	0.95	0.95	0.94	0.89	0.98	0.92	0.86	0.89	-0.15	-0.43	-0.65		0.07	0.51	0.13	0.9	0.91
Short Term Debt	0.06	0.14	0.29	0.07	0.15	0.21	-0.43	-0.24	-0.32	0.08	0.04	0.17	0.13	0.01	0.11	-0.2	0.0	0.22	-0.05	0.58	0.07		0.56	-0.41	-0.23	-0.15
Retained Earnings	0.45	0.4	0.56	0.43	0.64	0.52	-0.39	-0.73	0.09	0.51	0.4	0.6	0.67	0.43	0.61	0.13	0.31	0.08	-0.12	-0.01	0.51	0.56		-0.43	0.22	0.35
Cash And Short Term Investments	0.11	0.31	-0.08	0.13	-0.22	-0.23	0.99	0.22	0.45	-0.06	0.18	-0.18	-0.11	0.09	0.04	0.2	0.13	-0.09	0.07	-0.15	0.13	-0.41	-0.43		0.34	0.34
Long Term Debt Total	0.9	0.78	0.7	0.85	0.7	0.64	0.37	-0.41	0.99	0.81	0.89	0.79	0.79	0.93	0.85	0.9	0.84	-0.37	-0.4	-0.69	0.9	-0.23	0.22	0.34		0.98
Short Long Term Debt Total	0.89	0.78	0.69	0.84	0.69	0.61	0.38	-0.45	0.95	0.8	0.88	0.8	0.82	0.92	0.87	0.82	0.79	-0.38	-0.44	-0.6	0.91	-0.15	0.35	0.34	0.98

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Reliance Worldwide Account Relationship Matchups

Reliance Worldwide fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.7B	2.1B	2.1B	2.1B	2.5B	1.3B
Other Current Liab	113.7M	95.8M	103.2M	101.8M	117.1M	72.5M
Total Current Liabilities	224.5M	200.8M	194.4M	209.8M	241.2M	152.3M
Total Stockholder Equity	1.2B	1.1B	1.2B	1.3B	1.5B	801.5M
Other Liab	74.9M	73.3M	75.3M	91.2M	104.9M	110.2M
Accounts Payable	84.6M	81.5M	69.6M	84.0M	96.6M	61.7M
Cash	21.4M	27.7M	16.6M	19.9M	17.9M	34.4M
Long Term Debt	202.3M	578.7M	450.2M	438.3M	504.1M	333.9M
Net Receivables	220.3M	266.2M	246.0M	238.8M	274.6M	176.4M
Good Will	687.4M	758.6M	780.7M	818.8M	941.6M	476.8M
Inventory	195.6M	315.5M	289.4M	292.8M	336.7M	195.7M
Other Current Assets	11.9M	36.0M	37.1M	30.4M	34.9M	36.7M
Total Liab	483.0M	955.4M	827.2M	880.1M	1.0B	523.1M
Intangible Assets	240.8M	322.4M	327.0M	331.9M	381.6M	400.7M
Common Stock	1.8B	1.7B	1.7B	1.7B	2.0B	1.4B
Property Plant Equipment	364.9M	358.0M	333.8M	326.7M	375.7M	240.4M
Net Tangible Assets	196.5M	355.9M	49.6M	123.7M	142.2M	174.7M
Other Stockholder Equity	(0.2)	(902.3M)	(46.3M)	(8.5M)	(7.7M)	(8.0M)
Total Current Assets	455.6M	645.4M	589.1M	581.9M	669.2M	457.6M
Short Term Debt	26.2M	16.1M	15.5M	20.8M	23.9M	12.4M
Retained Earnings	221.8M	294.0M	357.9M	411.1M	472.8M	496.4M
Cash And Short Term Investments	21.4M	27.7M	16.6M	19.9M	17.9M	17.0M
Long Term Debt Total	384.4M	202.3M	679.4M	541.6M	622.8M	414.4M
Short Long Term Debt Total	228.5M	695.5M	557.0M	560.8M	644.9M	492.2M
Property Plant And Equipment Net	269.0M	333.8M	326.7M	350.0M	402.5M	257.9M
Net Debt	156.8M	667.8M	540.4M	540.9M	622.0M	378.3M
Non Current Assets Total	1.2B	1.4B	1.5B	1.6B	1.8B	1.1B
Liabilities And Stockholders Equity	1.7B	2.1B	2.1B	2.1B	2.5B	1.6B
Non Current Liabilities Total	258.5M	754.6M	632.8M	670.4M	770.9M	483.6M
Property Plant And Equipment Gross	431.9M	373.6M	615.6M	653.0M	750.9M	390.7M
Accumulated Other Comprehensive Income	(777.1M)	(902.3M)	(868.7M)	(875.5M)	(1.0B)	(1.1B)
Net Invested Capital	1.8B	1.7B	1.7B	1.7B	2.0B	1.8B
Cash And Equivalents	56.9M	21.3M	27.7M	16.6M	15.0M	14.2M
Net Working Capital	307.6M	444.7M	394.7M	372.1M	427.9M	410.0M

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