| RAJRILTD | | | 23.04 0.13 0.57% |
Raj Rayon financial indicator trend analysis is much more than just breaking down Raj Rayon Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raj Rayon Industries is a good investment. Please check the relationship between Raj Rayon Total Current Liabilities and its Net Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raj Rayon Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Total Current Liabilities vs Net Debt
Total Current Liabilities vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Raj Rayon Industries Total Current Liabilities account and
Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Raj Rayon's Total Current Liabilities and Net Debt is 0.71. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of Raj Rayon Industries, assuming nothing else is changed. The correlation between historical values of Raj Rayon's Total Current Liabilities 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 Total Current Liabilities of Raj Rayon Industries 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 Total Current Liabilities i.e., Raj Rayon's Total Current Liabilities and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Liabilities
Total Current Liabilities is an item on Raj Rayon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Raj Rayon Industries are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Raj Rayon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raj Rayon Industries 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 Raj Rayon Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Tax Provision is likely to gain to about 61.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 13.8
M in 2024.
Raj Rayon fundamental ratios Correlations
Click cells to compare fundamentals
Raj Rayon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Raj Rayon fundamental ratios Accounts
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Additional Tools for Raj Stock Analysis
When running Raj Rayon's price analysis, check to
measure Raj Rayon'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 Raj Rayon is operating at the current time. Most of Raj Rayon's value examination focuses on studying past and present price action to
predict the probability of Raj Rayon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Raj Rayon's price. Additionally, you may evaluate how the addition of Raj Rayon to your portfolios can decrease your overall portfolio volatility.