Reliance Total Current Liabilities vs Total Assets 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 Liabilities and its Total Assets 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 Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Global Group Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Reliance Global's Total Current Liabilities and Total Assets is 0.58. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets 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 Liabilities and Total 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 Total Current Liabilities of Reliance Global Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Reliance Global's Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Reliance Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Reliance Global Group 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.

Total Assets

Total assets refers to the total amount of Reliance Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Reliance Global Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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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