Reliance Global Group Stock Cash And Equivalents

RELIW Stock

USD 0.05 0.01 30.20%

Reliance Global Group fundamentals help investors to digest information that contributes to Reliance Global's financial success or failures. It also enables traders to predict the movement of Reliance Stock. The fundamental analysis module provides a way to measure Reliance Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reliance Global stock.

Total Current Liabilities Total Assets

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Reliance Global Group Company Cash And Equivalents Analysis

Reliance Global's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

Bank Deposits

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Liquidities

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Current Reliance Global Cash And Equivalents

13.28 K

Most of Reliance Global's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Global Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Reliance Cash And Equivalents Driver Correlations

Understanding the fundamental principles of building solid financial models for Reliance Global is extremely important. It helps to project a fair market value of Reliance Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Reliance Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reliance Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reliance Global's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Net Invested Capital	Short Long Term Debt	Net Working Capital	Short Term Debt	Long Term Debt	Good Will	Capital Surpluse	Intangible Assets	Property Plant Equipment	Capital Stock	Short Term Investments	Long Term Investments
Total Assets		-0.12	0.75	-0.8	0.9	0.82	0.87	0.75	0.63	0.34	0.45	0.34	-0.44	0.54	0.94	0.95	0.92	0.95	0.85	0.07	-0.2	-0.43
Total Stockholder Equity	-0.12		0.15	0.1	0.04	-0.01	-0.59	-0.46	-0.7	-0.53	0.71	0.03	0.94	0.06	0.14	0.02	-0.11	0.11	-0.07	-0.93	-0.33	-0.41
Net Debt	0.75	0.15		-0.59	0.75	0.63	0.52	0.37	0.48	0.6	0.77	0.81	-0.08	0.76	0.8	0.73	0.75	0.77	0.78	-0.18	-0.2	-0.39
Retained Earnings	-0.8	0.1	-0.59		-0.7	-0.96	-0.75	-0.91	-0.68	-0.18	-0.46	-0.23	0.34	-0.42	-0.86	-0.74	-0.87	-0.88	-0.77	-0.23	0.68	0.8
Accounts Payable	0.9	0.04	0.75	-0.7		0.82	0.7	0.57	0.45	0.28	0.55	0.42	-0.26	0.59	0.86	0.89	0.88	0.86	0.7	-0.11	-0.19	-0.41
Net Receivables	0.82	-0.01	0.63	-0.96	0.82		0.72	0.84	0.61	0.18	0.54	0.31	-0.27	0.51	0.88	0.79	0.91	0.89	0.76	0.12	-0.66	-0.78
Total Liab	0.87	-0.59	0.52	-0.75	0.7	0.72		0.88	0.87	0.53	0.04	0.26	-0.81	0.42	0.71	0.77	0.81	0.73	0.74	0.53	-0.11	-0.21
Total Current Assets	0.75	-0.46	0.37	-0.91	0.57	0.84	0.88		0.82	0.26	0.09	0.06	-0.67	0.24	0.69	0.65	0.77	0.72	0.65	0.55	-0.48	-0.55
Common Stock	0.63	-0.7	0.48	-0.68	0.45	0.61	0.87	0.82		0.72	-0.05	0.43	-0.81	0.47	0.51	0.47	0.71	0.51	0.68	0.76	-0.17	-0.2
Current Deferred Revenue	0.34	-0.53	0.6	-0.18	0.28	0.18	0.53	0.26	0.72		0.05	0.81	-0.56	0.65	0.24	0.28	0.38	0.19	0.5	0.46	0.2	0.24
Net Invested Capital	0.45	0.71	0.77	-0.46	0.55	0.54	0.04	0.09	-0.05	0.05		0.55	0.51	0.57	0.68	0.55	0.48	0.65	0.53	-0.66	-0.53	-0.66
Short Long Term Debt	0.34	0.03	0.81	-0.23	0.42	0.31	0.26	0.06	0.43	0.81	0.55		-0.04	0.87	0.41	0.35	0.45	0.34	0.58	-0.04	-0.09	-0.08
Net Working Capital	-0.44	0.94	-0.08	0.34	-0.26	-0.27	-0.81	-0.67	-0.81	-0.56	0.51	-0.04		-0.07	-0.16	-0.3	-0.37	-0.2	-0.3	-0.85	-0.24	-0.25
Short Term Debt	0.54	0.06	0.76	-0.42	0.59	0.51	0.42	0.24	0.47	0.65	0.57	0.87	-0.07		0.65	0.57	0.68	0.57	0.81	-0.03	-0.24	-0.25
Long Term Debt	0.94	0.14	0.8	-0.86	0.86	0.88	0.71	0.69	0.51	0.24	0.68	0.41	-0.16	0.65		0.92	0.93	0.99	0.91	-0.11	-0.46	-0.66
Good Will	0.95	0.02	0.73	-0.74	0.89	0.79	0.77	0.65	0.47	0.28	0.55	0.35	-0.3	0.57	0.92		0.82	0.92	0.81	-0.11	-0.27	-0.42
Capital Surpluse	0.92	-0.11	0.75	-0.87	0.88	0.91	0.81	0.77	0.71	0.38	0.48	0.45	-0.37	0.68	0.93	0.82		0.92	0.9	0.17	-0.38	-0.57
Intangible Assets	0.95	0.11	0.77	-0.88	0.86	0.89	0.73	0.72	0.51	0.19	0.65	0.34	-0.2	0.57	0.99	0.92	0.92		0.88	-0.09	-0.45	-0.66
Property Plant Equipment	0.85	-0.07	0.78	-0.77	0.7	0.76	0.74	0.65	0.68	0.5	0.53	0.58	-0.3	0.81	0.91	0.81	0.9	0.88		0.12	-0.38	-0.5
Capital Stock	0.07	-0.93	-0.18	-0.23	-0.11	0.12	0.53	0.55	0.76	0.46	-0.66	-0.04	-0.85	-0.03	-0.11	-0.11	0.17	-0.09	0.12		0.07	0.17
Short Term Investments	-0.2	-0.33	-0.2	0.68	-0.19	-0.66	-0.11	-0.48	-0.17	0.2	-0.53	-0.09	-0.24	-0.24	-0.46	-0.27	-0.38	-0.45	-0.38	0.07		0.91
Long Term Investments	-0.43	-0.41	-0.39	0.8	-0.41	-0.78	-0.21	-0.55	-0.2	0.24	-0.66	-0.08	-0.25	-0.25	-0.66	-0.42	-0.57	-0.66	-0.5	0.17	0.91

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Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Competition

In accordance with the recently published financial statements, Reliance Global Group has 13.28 K in Cash And Equivalents. This is much higher than that of the Insurance sector and significantly higher than that of the Financials industry. The cash and equivalents for all United States stocks is notably lower than that of the firm.

Reliance Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Global's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Global could also be used in its relative valuation, which is a method of valuing Reliance Global by comparing valuation metrics of similar companies.

Reliance Global is currently under evaluation in cash and equivalents category among its peers.

Reliance Global Current Valuation Drivers

We derive many important indicators used in calculating different scores of Reliance Global from analyzing Reliance Global's financial statements. These drivers represent accounts that assess Reliance Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Reliance Global's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	1.4B	638.9M	1.1B	158.6M	25.7M	24.5M
Enterprise Value	1.4B	652.8M	1.1B	174.4M	39.0M	37.0M

Reliance Fundamentals

	Return On Equity	-1.99
	Return On Asset	-0.11
	Profit Margin	(1.19) %
	Operating Margin	(0.15) %
	Number Of Shares Shorted	7.07 K
	Revenue	13.73 M
	EBITDA	(5.76 M)
	Net Income	(12.01 M)
	Cash And Equivalents	13.28 K
	Total Debt	14.54 M
	Current Ratio	0.09 X
	Book Value Per Share	1.94 X
	Cash Flow From Operations	(847.97 K)
	Number Of Employees	67
	Beta	0.28
	Market Capitalization	39.24 M
	Total Asset	23.02 M
	Retained Earnings	(39 M)
	Working Capital	1.19 M
	Net Asset	23.02 M

About Reliance Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Reliance Global Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Global Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Reliance Stock Analysis

When running Reliance Global's price analysis, check to measure Reliance Global'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 Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global'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 Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.

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