| RADIANTCMS | | | 77.67 0.71 0.92% |
Radiant Cash financial indicator trend analysis is much more than just breaking down Radiant Cash Management prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Radiant Cash Management is a good investment. Please check the relationship between Radiant Cash Accounts Payable and its Net Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radiant Cash Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Radiant Cash Management Accounts Payable account and
Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Radiant Cash's Accounts Payable and Net Debt is -0.64. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Radiant Cash Management, assuming nothing else is changed. The correlation between historical values of Radiant Cash's Accounts Payable and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Radiant Cash Management are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Radiant Cash's Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.64 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Radiant Cash obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Radiant Cash Management are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Radiant Cash's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Radiant Cash Management 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 Radiant Cash Management. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Selling General Administrative is likely to gain to about 148.5
M in 2024
Radiant Cash fundamental ratios Correlations
Click cells to compare fundamentals
Radiant Cash Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Radiant Cash fundamental ratios Accounts
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Additional Tools for Radiant Stock Analysis
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predict the probability of Radiant Cash's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiant Cash's price. Additionally, you may evaluate how the addition of Radiant Cash to your portfolios can decrease your overall portfolio volatility.