Rama Cash vs Cash And Short Term Investments Analysis

RAMASTEEL   13.52  0.17  1.24%   
Rama Steel financial indicator trend analysis is much more than just breaking down Rama Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rama Steel Tubes is a good investment. Please check the relationship between Rama Steel Cash and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Cash vs Cash And Short Term Investments

Cash vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rama Steel Tubes Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between Rama Steel's Cash and Cash And Short Term Investments is 1.0. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Rama Steel Tubes, assuming nothing else is changed. The correlation between historical values of Rama Steel's Cash and Cash And Short Term Investments 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 of Rama Steel Tubes are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Rama Steel's Cash and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of Rama Steel Tubes, which is listed under current asset account on Rama Steel Tubes balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Rama Steel customers. The amounts must be unrestricted with restricted cash listed in a different Rama Steel 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Rama Steel Tubes balance sheet. This account contains Rama Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Rama Steel Tubes 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.
Most indicators from Rama Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rama Steel Tubes 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 Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
The current year's Selling General Administrative is expected to grow to about 150.5 M, whereas Tax Provision is forecasted to decline to about 48 M.
 2021 2022 2023 2024 (projected)
Gross Profit679.7M928.1M974.4M1.0B
Total Revenue7.6B13.4B10.5B5.4B

Rama Steel fundamental ratios Correlations

0.83-0.340.990.990.330.990.840.820.970.990.610.860.26-0.420.720.610.990.590.730.830.910.990.590.781.0
0.83-0.440.870.760.360.820.920.990.760.790.690.970.46-0.10.890.690.860.660.90.980.570.880.770.910.81
-0.34-0.44-0.31-0.36-0.69-0.44-0.53-0.44-0.37-0.25-0.31-0.410.22-0.17-0.55-0.31-0.36-0.51-0.58-0.43-0.13-0.33-0.37-0.51-0.32
0.990.87-0.310.960.30.970.840.860.950.990.610.890.36-0.40.730.610.990.580.740.870.871.00.60.810.99
0.990.76-0.360.960.350.990.820.750.990.980.580.810.13-0.460.670.580.970.580.690.760.950.960.550.720.99
0.330.36-0.690.30.350.410.530.360.380.290.270.39-0.340.230.360.270.350.690.410.330.220.310.460.50.32
0.990.82-0.440.970.990.410.870.810.980.970.620.850.16-0.380.740.620.980.640.760.810.910.970.610.770.99
0.840.92-0.530.840.820.530.870.90.820.80.770.960.17-0.10.880.770.850.810.90.910.650.850.820.870.83
0.820.99-0.440.860.750.360.810.90.740.780.60.950.5-0.140.850.610.860.60.850.970.560.870.750.920.8
0.970.76-0.370.950.990.380.980.820.740.960.60.80.09-0.360.690.60.960.630.70.740.940.950.590.740.98
0.990.79-0.250.990.980.290.970.80.780.960.580.840.3-0.480.660.580.990.550.670.810.920.980.550.750.99
0.610.69-0.310.610.580.270.620.770.60.60.580.710.050.180.861.00.570.820.860.690.460.630.650.520.6
0.860.97-0.410.890.810.390.850.960.950.80.840.710.43-0.180.850.720.880.70.860.980.630.890.780.910.84
0.260.460.220.360.13-0.340.160.170.50.090.30.050.43-0.280.210.050.32-0.170.180.520.010.350.060.40.24
-0.42-0.1-0.17-0.4-0.460.23-0.38-0.1-0.14-0.36-0.480.18-0.18-0.280.130.18-0.420.260.13-0.18-0.56-0.380.27-0.08-0.44
0.720.89-0.550.730.670.360.740.880.850.690.660.860.850.210.130.860.720.791.00.850.470.760.790.720.7
0.610.69-0.310.610.580.270.620.770.610.60.581.00.720.050.180.860.570.820.860.690.460.630.660.520.6
0.990.86-0.360.990.970.350.980.850.860.960.990.570.880.32-0.420.720.570.570.730.860.880.990.60.820.99
0.590.66-0.510.580.580.690.640.810.60.630.550.820.7-0.170.260.790.820.570.820.620.450.60.790.610.58
0.730.9-0.580.740.690.410.760.90.850.70.670.860.860.180.131.00.860.730.820.850.490.760.80.730.71
0.830.98-0.430.870.760.330.810.910.970.740.810.690.980.52-0.180.850.690.860.620.850.560.880.70.910.81
0.910.57-0.130.870.950.220.910.650.560.940.920.460.630.01-0.560.470.460.880.450.490.560.860.40.520.93
0.990.88-0.331.00.960.310.970.850.870.950.980.630.890.35-0.380.760.630.990.60.760.880.860.610.810.99
0.590.77-0.370.60.550.460.610.820.750.590.550.650.780.060.270.790.660.60.790.80.70.40.610.710.57
0.780.91-0.510.810.720.50.770.870.920.740.750.520.910.4-0.080.720.520.820.610.730.910.520.810.710.76
1.00.81-0.320.990.990.320.990.830.80.980.990.60.840.24-0.440.70.60.990.580.710.810.930.990.570.76
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Rama Steel Account Relationship Matchups

Rama Steel fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.4B2.5B3.6B6.9B7.3B7.7B
Short Long Term Debt Total831.7M854.4M1.4B1.9B1.5B967.1M
Other Current Liab48.3M22.6M29.9M32.7M64.1M41.3M
Total Current Liabilities1.3B1.2B2.0B4.0B3.6B3.8B
Total Stockholder Equity885.6M999.4M1.3B2.5B3.4B3.5B
Other Liab23.5M11.9M15.3M11.7M13.5M12.5M
Net Tangible Assets878.2M999.1M1.3B2.2B2.6B2.7B
Property Plant And Equipment Net439.2M517.6M584.6M756.5M859.1M445.5M
Net Debt759.1M654.8M1.2B1.8B1.3B870.6M
Retained Earnings428.2M545.2M809.8M1.1B1.6B1.6B
Accounts Payable592.6M503.0M693.2M2.2B2.3B2.4B
Cash72.6M199.6M176.5M126.1M174.1M96.5M
Non Current Assets Total645.0M764.3M855.7M1.6B1.3B702.0M
Non Currrent Assets Other9.7M4.2M53.4M378.8M29.3M27.9M
Other Assets129.8M163.8M194.7M31.0M1K950.0
Long Term Debt181.5M299.8M317.8M319.8M273.2M222.5M
Cash And Short Term Investments72.6M199.6M176.5M126.8M174.1M96.6M
Net Receivables721.5M586.0M1.1B2.3B2.2B2.3B
Common Stock Shares Outstanding417.7M419.9M1.3B729.9M1.3B711.6M
Liabilities And Stockholders Equity2.4B2.5B3.6B6.9B7.3B7.7B
Non Current Liabilities Total205.0M311.7M333.1M331.6M293.7M236.2M
Inventory539.4M728.6M1.0B2.0B1.3B722.5M
Other Current Assets345.6M175.9M473.1M952.7M2.4B2.5B
Total Liab1.5B1.5B2.3B4.3B3.9B4.1B
Short Long Term Debt650.1M518.7M1.1B1.6B1.2B682.0M
Total Current Assets1.7B1.7B2.7B5.4B6.0B6.3B
Short Term Debt650.1M470.5M863.8M1.4B1.2B693.7M
Property Plant Equipment439.2M517.6M584.6M756.5M870.0M913.5M
Current Deferred Revenue46.8M103.5M128.1M102.6M50.6M63.3M
Short Term Investments(101.3M)2.2M734K737K591K620.6K
Other Stockholder Equity217.6M346.9M217.6M542.9M246.2M264.4M
Accumulated Other Comprehensive Income155.9M152.6M155.2M414.9M8.0M7.6M
Long Term Debt Total181.5M299.8M317.8M319.8M367.8M247.2M
Intangible Assets68K313K307K241K189K281.0K
Cash And Equivalents58.6M21.1M10.6M34.2M30.8M41.1M

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Other Information on Investing in Rama Stock

Balance Sheet is a snapshot of the financial position of Rama Steel Tubes at a specified time, usually calculated after every quarter, six months, or one year. Rama Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rama Steel and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Rama currently owns. An asset can also be divided into two categories, current and non-current.