Reliance Total Current Assets vs Cash Analysis

RELIW Stock  USD 0.05  0.01  30.20%   
Reliance Global financial indicator trend analysis is much more than just breaking down Reliance Global Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Global Group is a good investment. Please check the relationship between Reliance Global Total Current Assets and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios. 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 Assets vs Cash

Total Current Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Global Group Total Current Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Reliance Global's Total Current Assets and Cash is 0.9. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Total Current Assets and Cash 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 Assets of Reliance Global Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Assets i.e., Reliance Global's Total Current Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Cash

Cash refers to the most liquid asset of Reliance Global Group, which is listed under current asset account on Reliance Global Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Reliance Global customers. The amounts must be unrestricted with restricted cash listed in a different Reliance Global 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.
Most indicators from Reliance Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Global Group 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. 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.
Selling General Administrative is likely to drop to about 2.7 M in 2024. Issuance Of Capital Stock is likely to drop to about 3.3 M in 2024
 2021 2022 2023 2024 (projected)
Total Operating Expenses5.5M12.1M16.4M17.2M
Cost Of Revenue7.1M12.0M11.2M11.8M

Reliance Global fundamental ratios Correlations

0.58-0.12-0.180.75-0.80.90.570.93-0.790.570.820.780.880.580.840.87-0.150.750.630.910.910.430.340.450.34
0.58-0.87-0.120.19-0.530.390.940.45-0.830.910.460.420.320.760.30.9-0.120.80.880.580.370.970.53-0.360.07
-0.12-0.870.070.150.10.04-0.77-0.020.55-0.71-0.01-0.050.09-0.490.2-0.590.1-0.46-0.7-0.170.07-0.9-0.530.710.03
-0.18-0.120.07-0.320.38-0.26-0.12-0.20.05-0.15-0.35-0.39-0.26-0.27-0.24-0.210.97-0.22-0.27-0.12-0.340.0-0.23-0.28-0.35
0.750.190.15-0.32-0.590.750.150.9-0.390.160.630.890.950.290.640.52-0.330.370.480.650.86-0.020.60.770.81
-0.8-0.530.10.38-0.59-0.7-0.67-0.720.52-0.73-0.96-0.83-0.68-0.87-0.9-0.750.31-0.91-0.68-0.65-0.8-0.4-0.18-0.46-0.23
0.90.390.04-0.260.75-0.70.360.87-0.720.360.820.720.840.450.790.7-0.30.570.450.870.860.220.280.550.42
0.570.94-0.77-0.120.15-0.670.360.41-0.720.990.570.440.290.890.420.86-0.070.90.870.50.370.930.35-0.3-0.05
0.930.45-0.02-0.20.9-0.720.870.41-0.70.410.750.860.980.450.810.76-0.170.620.570.90.880.280.480.60.54
-0.79-0.830.550.05-0.390.52-0.72-0.72-0.7-0.68-0.55-0.45-0.57-0.53-0.52-0.90.07-0.7-0.64-0.88-0.53-0.77-0.390.08-0.1
0.570.91-0.71-0.150.16-0.730.360.990.41-0.680.640.50.290.940.480.85-0.10.940.860.50.390.890.32-0.23-0.04
0.820.46-0.01-0.350.63-0.960.820.570.75-0.550.640.830.70.80.910.72-0.330.840.610.70.840.310.180.540.31
0.780.42-0.05-0.390.89-0.830.720.440.86-0.450.50.830.870.650.750.7-0.380.680.710.660.880.230.60.650.71
0.880.320.09-0.260.95-0.680.840.290.98-0.570.290.70.870.360.780.66-0.230.510.50.830.880.140.490.710.62
0.580.76-0.49-0.270.29-0.870.450.890.45-0.530.940.80.650.360.60.78-0.230.950.840.450.530.690.290.020.11
0.840.30.2-0.240.64-0.90.790.420.81-0.520.480.910.750.780.60.62-0.150.740.380.780.790.18-0.020.650.15
0.870.9-0.59-0.210.52-0.750.70.860.76-0.90.850.720.70.660.780.62-0.20.880.870.820.720.80.530.040.26
-0.15-0.120.10.97-0.330.31-0.3-0.07-0.170.07-0.1-0.33-0.38-0.23-0.23-0.15-0.2-0.15-0.28-0.11-0.340.02-0.33-0.25-0.46
0.750.8-0.46-0.220.37-0.910.570.90.62-0.70.940.840.680.510.950.740.88-0.150.820.650.630.740.260.090.06
0.630.88-0.7-0.270.48-0.680.450.870.57-0.640.860.610.710.50.840.380.87-0.280.820.50.580.770.72-0.050.43
0.910.58-0.17-0.120.65-0.650.870.50.9-0.880.50.70.660.830.450.780.82-0.110.650.50.740.460.320.360.26
0.910.370.07-0.340.86-0.80.860.370.88-0.530.390.840.880.880.530.790.72-0.340.630.580.740.160.420.670.59
0.430.97-0.90.0-0.02-0.40.220.930.28-0.770.890.310.230.140.690.180.80.020.740.770.460.160.39-0.54-0.14
0.340.53-0.53-0.230.6-0.180.280.350.48-0.390.320.180.60.490.29-0.020.53-0.330.260.720.320.420.390.050.81
0.45-0.360.71-0.280.77-0.460.55-0.30.60.08-0.230.540.650.710.020.650.04-0.250.09-0.050.360.67-0.540.050.55
0.340.070.03-0.350.81-0.230.42-0.050.54-0.1-0.040.310.710.620.110.150.26-0.460.060.430.260.59-0.140.810.55
Click cells to compare fundamentals

Reliance Global Account Relationship Matchups

Reliance Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.0M17.9M27.7M38.4M23.0M13.3M
Total Current Liabilities4.7M6.9M45.0M7.8M3.2M3.0M
Total Stockholder Equity642.3K114.4K(26.1M)8.9M7.1M7.5M
Retained Earnings(8.8M)(12.5M)(33.5M)(27.0M)(39.0M)(37.1M)
Cash And Short Term Investments6.7K45.2K4.1M505.4K1.3M1.4M
Other Current Assets32.3K528.2K2.8M249.3K1.7M1.8M
Total Liab16.4M17.8M53.7M29.5M15.9M13.8M
Total Current Assets647.0K810.1K8.0M3.3M4.4M4.6M
Common Stock352.7K363.5K940.8K104.9K409.5K257.5K
Short Long Term Debt Total13.3M14.0M9.4M16.4M14.5M10.9M
Short Term Debt4.5M5.7M1.2M1.6M2.2M2.6M
Long Term Debt8.4M8.0M7.4M14.0M11.9M9.4M
Good Will8.5M9.3M10.1M19.1M6.7M10.2M
Intangible Assets6.6M5.7M7.1M13.8M11.0M8.2M

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