Rocky Cash And Short Term Investments vs Total Current Assets Analysis

RCKY Stock  USD 23.91  0.84  3.64%   
Rocky Brands financial indicator trend analysis is much more than just breaking down Rocky Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rocky Brands is a good investment. Please check the relationship between Rocky Brands Cash And Short Term Investments and its Total Current Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.

Cash And Short Term Investments vs Total Current Assets

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JavaScript chart by amCharts 3.21.15Cash And Short Term Investmentstotal: 96MTotal Current Assetstotal: 2.3B

Cash And Short Term Investments vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rocky Brands Cash And Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have no relationship.
Cash And Short Term InvestmentsTotal Current AssetsDiversified AwayCash And Short Term InvestmentsTotal Current AssetsDiversified Away100%
The correlation between Rocky Brands' Cash And Short Term Investments and Total Current Assets is 0.07. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Rocky Brands, assuming nothing else is changed. The correlation between historical values of Rocky Brands' Cash And Short Term Investments and Total Current Assets 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 And Short Term Investments of Rocky Brands are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Rocky Brands' Cash And Short Term Investments and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.07
Relationship DirectionPositive 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Rocky Brands balance sheet. This account contains Rocky Brands investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Rocky Brands 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.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Rocky Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rocky Brands 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 Rocky Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Rocky Stock please use our How to Invest in Rocky Brands guide.At this time, Rocky Brands' Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.30 in 2024, whereas Selling General Administrative is likely to drop slightly above 59.6 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense10.6M18.3M21.2M20.2M
Depreciation And Amortization11.3M12.3M10.9M5.5M

Rocky Brands fundamental ratios Correlations

0.960.890.950.840.990.950.890.940.010.99-0.390.010.860.280.960.990.160.970.760.99-0.330.640.39-0.160.44
0.960.810.930.660.931.00.750.94-0.190.97-0.42-0.190.80.081.00.960.110.990.70.93-0.260.520.21-0.110.32
0.890.810.830.840.910.780.890.790.230.87-0.40.230.740.290.810.880.190.830.720.89-0.380.670.39-0.190.41
0.950.930.830.70.930.920.80.990.070.93-0.310.070.880.130.930.940.220.970.620.96-0.440.50.2-0.220.44
0.840.660.840.70.880.630.960.660.310.81-0.280.310.690.610.670.810.180.690.770.84-0.330.740.69-0.180.54
0.990.930.910.930.880.910.920.910.080.98-0.370.080.840.320.940.980.160.950.790.98-0.350.680.43-0.160.49
0.951.00.780.920.630.910.720.92-0.260.96-0.42-0.260.780.061.00.950.090.990.690.92-0.230.50.19-0.090.3
0.890.750.890.80.960.920.720.750.310.88-0.30.310.680.390.750.860.260.780.840.88-0.490.620.5-0.260.58
0.940.940.790.990.660.910.920.75-0.010.91-0.280.00.90.150.940.940.190.970.590.95-0.380.510.21-0.190.42
0.01-0.190.230.070.310.08-0.260.31-0.01-0.070.011.00.080.26-0.19-0.030.13-0.12-0.030.07-0.410.140.13-0.130.21
0.990.970.870.930.810.980.960.880.91-0.07-0.36-0.070.790.190.970.980.160.970.830.96-0.340.590.34-0.160.44
-0.39-0.42-0.4-0.31-0.28-0.37-0.42-0.3-0.280.01-0.360.01-0.34-0.14-0.43-0.47-0.07-0.40.0-0.410.13-0.17-0.120.07-0.09
0.01-0.190.230.070.310.08-0.260.310.01.0-0.070.010.080.26-0.19-0.030.13-0.12-0.030.07-0.410.140.13-0.130.21
0.860.80.740.880.690.840.780.680.90.080.79-0.340.080.490.820.870.090.850.410.9-0.190.590.52-0.090.34
0.280.080.290.130.610.320.060.390.150.260.19-0.140.260.490.120.29-0.090.120.110.360.230.660.940.090.19
0.961.00.810.930.670.941.00.750.94-0.190.97-0.43-0.190.820.120.970.10.990.690.94-0.240.550.24-0.10.32
0.990.960.880.940.810.980.950.860.94-0.030.98-0.47-0.030.870.290.970.160.980.70.99-0.30.630.39-0.160.42
0.160.110.190.220.180.160.090.260.190.130.16-0.070.130.09-0.090.10.160.130.140.15-0.41-0.09-0.07-1.00.38
0.970.990.830.970.690.950.990.780.97-0.120.97-0.4-0.120.850.120.990.980.130.680.96-0.30.540.23-0.130.36
0.760.70.720.620.770.790.690.840.59-0.030.830.0-0.030.410.110.690.70.140.680.68-0.320.490.34-0.140.41
0.990.930.890.960.840.980.920.880.950.070.96-0.410.070.90.360.940.990.150.960.68-0.310.670.43-0.150.43
-0.33-0.26-0.38-0.44-0.33-0.35-0.23-0.49-0.38-0.41-0.340.13-0.41-0.190.23-0.24-0.3-0.41-0.3-0.32-0.310.210.20.41-0.71
0.640.520.670.50.740.680.50.620.510.140.59-0.170.140.590.660.550.63-0.090.540.490.670.210.650.090.22
0.390.210.390.20.690.430.190.50.210.130.34-0.120.130.520.940.240.39-0.070.230.340.430.20.650.070.23
-0.16-0.11-0.19-0.22-0.18-0.16-0.09-0.26-0.19-0.13-0.160.07-0.13-0.090.09-0.1-0.16-1.0-0.13-0.14-0.150.410.090.07-0.38
0.440.320.410.440.540.490.30.580.420.210.44-0.090.210.340.190.320.420.380.360.410.43-0.710.220.23-0.38
Click cells to compare fundamentals

Rocky Brands Account Relationship Matchups

Rocky Brands fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets205.8M229.1M624.6M582.4M479.4M503.4M
Other Current Liab10.4M11.8M15.2M17.8M14.6M15.3M
Total Current Liabilities31.5M40.0M140.1M96.3M71.5M75.1M
Total Stockholder Equity164.7M179.5M197.9M215.5M223.6M234.7M
Property Plant And Equipment Net29.2M35.3M71.4M68.4M59.8M62.8M
Net Debt(14.4M)(27.4M)272.9M259.4M176.7M185.6M
Retained Earnings96.7M113.5M129.8M145.7M151.6M159.2M
Accounts Payable15.8M20.1M114.6M69.7M49.8M52.3M
Cash15.5M28.4M5.9M5.7M4.5M5.3M
Non Current Assets Total59.7M65.9M249.3M241.3M221.2M232.3M
Non Currrent Assets Other294K374K917K(7.1M)965K916.8K
Cash And Short Term Investments15.5M28.4M5.9M5.7M4.5M5.4M
Net Receivables50.8M53.5M132.4M95.9M81.1M44.9M
Common Stock Shares Outstanding7.4M7.3M7.4M7.4M7.4M6.2M
Liabilities And Stockholders Equity205.8M229.1M624.6M582.4M479.4M503.4M
Non Current Liabilities Total9.6M9.6M286.6M270.6M184.3M193.5M
Inventory76.7M77.6M232.5M235.4M169.2M177.7M
Other Stockholder Equity55.7M56.5M0.069.8M62.8M65.9M
Total Liab41.2M49.6M426.7M366.9M255.8M268.6M
Property Plant And Equipment Gross29.2M35.3M60.0M57.4M129.2M135.7M
Total Current Assets146.1M163.2M375.3M341.0M258.2M271.1M
Short Term Debt586K629K6.2M6.3M5.3M6.4M
Other Current Assets3.0M3.7M4.5M4.1M3.4M4.8M
Common Stock Total Equity68.0M66.0M68.1M69.8M80.2M63.4M
Common Stock68.0M66.0M68.1M69.8M72.0M68.4M
Other Liab8.5M8.7M11.0M8.8M10.1M10.6M
Other Assets294K1.9M917K942K847.8K1.0M
Intangible Assets30.2M30.2M126.3M121.8M112.6M118.2M
Property Plant Equipment27.4M35.3M71.4M57.4M66.0M69.3M
Current Deferred Revenue4.7M5.6M1.1M8.0M927K880.7K
Net Tangible Assets134.4M149.3M20.9M215.5M247.8M260.2M
Retained Earnings Total Equity96.7M113.5M129.8M145.7M167.6M92.6M
Deferred Long Term Liab8.1M109K10.3M8.0M7.2M7.7M
Non Current Liabilities Other290K1.5M9.0M9.0M10.3M10.8M

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