Reliance Long Term Debt vs Common Stock Analysis

RWC Stock

5.46 0.02 0.36%

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 Long Term Debt and its Common Stock 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.

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Worldwide Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Reliance Worldwide's Long Term Debt and Common Stock is 0.85. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock 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 Long Term Debt and Common Stock 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 Reliance Worldwide are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Reliance Worldwide's Long Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Long Term Debt

Long-term debt is a debt that Reliance Worldwide has held for over one year. Long-term debt appears on Reliance Worldwide 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 Reliance Worldwide 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.

Common Stock

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 91.4 M in 2024. Tax Provision is likely to drop to about 46.1 M in 2024

	2021	2022	2023	2024 (projected)
Operating Income	208.4M	221.3M	281.1M	295.1M
Total Revenue	1.2B	1.2B	1.9B	2.0B

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		0.96	0.83	0.99	0.93	0.75	0.1	-0.76	0.69	0.98	0.83	0.79	0.86	0.98	0.83	0.82	0.81	0.01	-0.22	-0.61	0.88	-0.01	-0.68	0.09	0.78	0.78
Other Current Liab	0.96		0.82	0.97	0.88	0.67	0.18	-0.8	0.58	0.94	0.76	0.67	0.87	0.93	0.76	0.74	0.75	0.15	-0.09	-0.51	0.83	0.09	-0.71	0.18	0.67	0.68
Total Current Liabilities	0.83	0.82		0.84	0.86	0.88	-0.05	-0.58	0.55	0.84	0.83	0.85	0.65	0.8	0.84	0.82	0.85	0.14	-0.26	-0.53	0.93	0.23	-0.46	-0.06	0.66	0.61
Total Stockholder Equity	0.99	0.97	0.84		0.93	0.75	0.11	-0.73	0.68	0.97	0.85	0.77	0.82	0.95	0.85	0.83	0.84	0.12	-0.17	-0.61	0.87	0.01	-0.65	0.11	0.76	0.75
Other Liab	0.93	0.88	0.86	0.93		0.84	-0.13	-0.65	0.58	0.94	0.8	0.83	0.76	0.91	0.81	0.8	0.83	0.08	-0.24	-0.63	0.82	0.08	-0.55	-0.14	0.68	0.64
Accounts Payable	0.75	0.67	0.88	0.75	0.84		-0.17	-0.43	0.52	0.78	0.76	0.88	0.53	0.74	0.76	0.8	0.79	0.13	-0.43	-0.67	0.82	0.1	-0.34	-0.19	0.61	0.54
Cash	0.1	0.18	-0.05	0.11	-0.13	-0.17		0.12	0.53	-0.04	0.27	-0.11	-0.1	0.09	0.19	0.22	0.19	-0.1	0.08	-0.21	0.14	-0.42	-0.03	1.0	0.42	0.45
Other Assets	-0.76	-0.8	-0.58	-0.73	-0.65	-0.43	0.12		-0.21	-0.8	-0.32	-0.42	-0.98	-0.78	-0.35	-0.45	-0.32	0.0	-0.1	0.25	-0.59	-0.12	0.94	0.11	-0.35	-0.34
Long Term Debt	0.69	0.58	0.55	0.68	0.58	0.52	0.53	-0.21		0.58	0.86	0.69	0.34	0.71	0.83	0.85	0.8	-0.33	-0.4	-0.69	0.74	-0.41	-0.27	0.51	0.98	0.95
Net Receivables	0.98	0.94	0.84	0.97	0.94	0.78	-0.04	-0.8	0.58		0.75	0.8	0.89	0.97	0.76	0.76	0.74	0.04	-0.24	-0.6	0.86	0.02	-0.7	-0.05	0.69	0.69
Good Will	0.83	0.76	0.83	0.85	0.8	0.76	0.27	-0.32	0.86	0.75		0.83	0.45	0.78	0.99	0.91	0.98	0.06	-0.33	-0.66	0.88	-0.06	-0.26	0.26	0.89	0.86
Inventory	0.79	0.67	0.85	0.77	0.83	0.88	-0.11	-0.42	0.69	0.8	0.83		0.57	0.82	0.87	0.79	0.79	-0.21	-0.57	-0.59	0.91	0.06	-0.28	-0.13	0.79	0.77
Other Current Assets	0.86	0.87	0.65	0.82	0.76	0.53	-0.1	-0.98	0.34	0.89	0.45	0.57		0.88	0.48	0.54	0.43	-0.08	-0.03	-0.34	0.69	0.1	-0.9	-0.1	0.48	0.48
Total Liab	0.98	0.93	0.8	0.95	0.91	0.74	0.09	-0.78	0.71	0.97	0.78	0.82	0.88		0.79	0.81	0.75	-0.16	-0.3	-0.61	0.88	-0.06	-0.71	0.08	0.8	0.8
Intangible Assets	0.83	0.76	0.84	0.85	0.81	0.76	0.19	-0.35	0.83	0.76	0.99	0.87	0.48	0.79		0.87	0.95	-0.02	-0.4	-0.57	0.9	0.04	-0.25	0.17	0.88	0.87
Common Stock	0.82	0.74	0.82	0.83	0.8	0.8	0.22	-0.45	0.85	0.76	0.91	0.79	0.54	0.81	0.87		0.92	-0.06	-0.22	-0.78	0.87	-0.22	-0.49	0.2	0.89	0.79
Property Plant Equipment	0.81	0.75	0.85	0.84	0.83	0.79	0.19	-0.32	0.8	0.74	0.98	0.79	0.43	0.75	0.95	0.92		0.15	-0.29	-0.7	0.84	-0.07	-0.28	0.17	0.83	0.77
Net Tangible Assets	0.01	0.15	0.14	0.12	0.08	0.13	-0.1	0.0	-0.33	0.04	0.06	-0.21	-0.08	-0.16	-0.02	-0.06	0.15		0.44	-0.03	-0.11	0.26	0.07	-0.1	-0.36	-0.37
Other Stockholder Equity	-0.22	-0.09	-0.26	-0.17	-0.24	-0.43	0.08	-0.1	-0.4	-0.24	-0.33	-0.57	-0.03	-0.3	-0.4	-0.22	-0.29	0.44		0.17	-0.37	-0.07	-0.21	0.09	-0.43	-0.49
Short Long Term Debt	-0.61	-0.51	-0.53	-0.61	-0.63	-0.67	-0.21	0.25	-0.69	-0.6	-0.66	-0.59	-0.34	-0.61	-0.57	-0.78	-0.7	-0.03	0.17		-0.59	0.65	0.35	-0.19	-0.68	-0.59
Total Current Assets	0.88	0.83	0.93	0.87	0.82	0.82	0.14	-0.59	0.74	0.86	0.88	0.91	0.69	0.88	0.9	0.87	0.84	-0.11	-0.37	-0.59		0.03	-0.49	0.12	0.85	0.83
Short Term Debt	-0.01	0.09	0.23	0.01	0.08	0.1	-0.42	-0.12	-0.41	0.02	-0.06	0.06	0.1	-0.06	0.04	-0.22	-0.07	0.26	-0.07	0.65	0.03		0.11	-0.41	-0.32	-0.26
Retained Earnings	-0.68	-0.71	-0.46	-0.65	-0.55	-0.34	-0.03	0.94	-0.27	-0.7	-0.26	-0.28	-0.9	-0.71	-0.25	-0.49	-0.28	0.07	-0.21	0.35	-0.49	0.11		-0.03	-0.37	-0.31
Cash And Short Term Investments	0.09	0.18	-0.06	0.11	-0.14	-0.19	1.0	0.11	0.51	-0.05	0.26	-0.13	-0.1	0.08	0.17	0.2	0.17	-0.1	0.09	-0.19	0.12	-0.41	-0.03		0.4	0.44
Long Term Debt Total	0.78	0.67	0.66	0.76	0.68	0.61	0.42	-0.35	0.98	0.69	0.89	0.79	0.48	0.8	0.88	0.89	0.83	-0.36	-0.43	-0.68	0.85	-0.32	-0.37	0.4		0.98
Short Long Term Debt Total	0.78	0.68	0.61	0.75	0.64	0.54	0.45	-0.34	0.95	0.69	0.86	0.77	0.48	0.8	0.87	0.79	0.77	-0.37	-0.49	-0.59	0.83	-0.26	-0.31	0.44	0.98

Click cells to compare fundamentals

Reliance Worldwide Account Relationship Matchups

Reliance Worldwide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.7B	2.1B	2.1B	3.2B	3.4B
Other Current Liab	103.2M	113.7M	95.8M	103.2M	204.6M	214.8M
Total Current Liabilities	165.8M	224.5M	200.8M	194.4M	314.1M	161.9M
Total Stockholder Equity	975.4M	1.2B	1.1B	1.2B	1.9B	2.0B
Other Liab	74.9M	73.3M	75.3M	91.2M	104.9M	110.2M
Accounts Payable	52.0M	84.6M	81.5M	69.6M	84.0M	61.7M
Cash	56.5M	21.4M	27.7M	16.6M	19.9M	34.4M
Long Term Debt	384.4M	202.3M	578.7M	450.2M	438.3M	333.9M
Net Receivables	180.9M	220.3M	266.2M	246.0M	388.0M	407.4M
Good Will	616.6M	687.4M	758.6M	780.7M	818.8M	476.8M
Inventory	148.0M	195.6M	315.5M	289.4M	292.8M	195.7M
Other Current Assets	11.0M	11.9M	36.0M	37.1M	160.7M	168.7M
Total Liab	545.6M	483.0M	955.4M	827.2M	1.3B	1.4B
Intangible Assets	223.8M	240.8M	322.4M	327.0M	331.9M	186.2M
Common Stock	1.6B	1.8B	1.7B	1.7B	2.6B	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
Total Current Assets	403.0M	455.6M	645.4M	589.1M	871.3M	486.6M
Short Term Debt	10.5M	26.2M	16.1M	15.5M	20.8M	12.4M
Retained Earnings	119.0M	221.8M	294.0M	357.9M	(643.0M)	(610.8M)
Cash And Short Term Investments	56.5M	21.4M	27.7M	16.6M	19.9M	37.5M
Long Term Debt Total	384.4M	202.3M	679.4M	541.6M	622.8M	414.4M
Short Long Term Debt Total	394.9M	228.5M	695.5M	557.0M	560.8M	492.2M
Property Plant And Equipment Net	250.8M	269.0M	333.8M	326.7M	524.1M	279.1M
Net Debt	282.5M	156.8M	667.8M	540.4M	540.9M	378.3M
Non Current Assets Total	1.1B	1.2B	1.4B	1.5B	2.3B	1.2B
Liabilities And Stockholders Equity	1.5B	1.7B	2.1B	2.1B	3.2B	1.8B
Non Current Liabilities Total	379.8M	258.5M	754.6M	632.8M	1.0B	524.3M
Property Plant And Equipment Gross	364.9M	431.9M	373.6M	615.6M	653.0M	390.7M
Accumulated Other Comprehensive Income	(745.0M)	(777.1M)	(902.3M)	(868.7M)	(65.1M)	(68.4M)
Non Currrent Assets Other	0.0	1.4M	(750.0)	3.4M	601.0M	631.1M
Net Invested Capital	1.8B	1.8B	1.7B	1.7B	1.7B	1.8B
Cash And Equivalents	56.9M	21.3M	27.7M	16.6M	15.0M	14.2M
Net Working Capital	345.3M	307.6M	444.7M	394.7M	372.1M	410.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Reliance Stock Analysis

When running Reliance Worldwide's price analysis, check to measure Reliance Worldwide'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 Reliance Worldwide is operating at the current time. Most of Reliance Worldwide's value examination focuses on studying past and present price action to predict the probability of Reliance Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Worldwide's price. Additionally, you may evaluate how the addition of Reliance Worldwide to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC