Rio Accounts Payable vs Cash Analysis

RIO Stock   4,757  63.00  1.31%   
Rio Tinto financial indicator trend analysis is much more than just breaking down Rio Tinto PLC prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rio Tinto PLC is a good investment. Please check the relationship between Rio Tinto Accounts Payable and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio Tinto PLC Accounts Payable account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Rio Tinto's Accounts Payable and Cash is 0.37. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Rio Tinto PLC, assuming nothing else is changed. The correlation between historical values of Rio Tinto's Accounts Payable 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 Accounts Payable of Rio Tinto PLC 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 Accounts Payable i.e., Rio Tinto's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Rio Tinto obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Rio Tinto PLC are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Rio Tinto PLC, which is listed under current asset account on Rio Tinto PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Rio Tinto customers. The amounts must be unrestricted with restricted cash listed in a different Rio Tinto 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 Rio Tinto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rio Tinto PLC 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 Rio Tinto PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Tax Provision is expected to grow to about 5 B, whereas Selling General Administrative is forecasted to decline to about 4 B.
 2021 2022 2023 2024 (projected)
Interest Expense592M1.9B2.0B2.1B
Depreciation And Amortization4.7B5.0B5.3B5.6B

Rio Tinto fundamental ratios Correlations

0.770.50.970.770.980.320.490.510.60.81.00.610.740.180.870.820.190.980.550.910.940.980.350.930.34
0.770.410.770.460.750.060.90.140.370.550.80.160.390.00.810.8-0.320.870.360.790.80.860.050.580.74
0.50.410.520.660.60.880.280.62-0.240.390.480.590.410.410.540.520.260.450.650.540.40.470.660.530.41
0.970.770.520.80.930.350.520.560.620.740.960.640.690.180.890.810.190.940.660.930.920.970.410.930.45
0.770.460.660.80.740.620.230.920.510.590.740.780.590.330.850.820.280.70.840.680.680.730.780.790.29
0.980.750.60.930.740.410.470.510.450.790.980.610.750.260.820.790.220.950.520.890.90.960.370.910.33
0.320.060.880.350.620.41-0.110.68-0.270.340.280.70.440.590.330.350.520.20.530.380.230.240.640.460.08
0.490.90.280.520.230.47-0.11-0.050.240.130.55-0.11-0.05-0.270.670.6-0.570.650.320.60.560.63-0.040.230.79
0.510.140.620.560.920.510.68-0.050.330.410.480.740.460.420.610.580.360.410.840.390.360.450.920.620.15
0.60.37-0.240.620.510.45-0.270.240.330.370.610.340.33-0.210.610.540.020.60.360.50.630.610.130.530.05
0.80.550.390.740.590.790.340.130.410.370.760.570.960.50.560.650.350.730.210.640.740.740.20.880.16
1.00.80.480.960.740.980.280.550.480.610.760.570.690.140.880.840.130.990.530.910.950.990.330.90.36
0.610.160.590.640.780.610.7-0.110.740.340.570.570.720.380.520.530.790.490.560.60.550.530.560.76-0.06
0.740.390.410.690.590.750.44-0.050.460.330.960.690.720.550.460.560.590.640.20.60.670.660.240.880.01
0.180.00.410.180.330.260.59-0.270.42-0.210.50.140.380.550.020.210.410.080.080.10.050.110.30.350.05
0.870.810.540.890.850.820.330.670.610.610.560.880.520.460.020.93-0.080.90.730.860.880.90.480.750.52
0.820.80.520.810.820.790.350.60.580.540.650.840.530.560.210.93-0.020.860.550.790.840.860.390.710.46
0.19-0.320.260.190.280.220.52-0.570.360.020.350.130.790.590.41-0.08-0.020.020.070.160.110.060.220.42-0.45
0.980.870.450.940.70.950.20.650.410.60.730.990.490.640.080.90.860.020.50.910.951.00.250.850.45
0.550.360.650.660.840.520.530.320.840.360.210.530.560.20.080.730.550.070.50.530.430.540.870.560.48
0.910.790.540.930.680.890.380.60.390.50.640.910.60.60.10.860.790.160.910.530.940.920.230.830.41
0.940.80.40.920.680.90.230.560.360.630.740.950.550.670.050.880.840.110.950.430.940.950.170.840.33
0.980.860.470.970.730.960.240.630.450.610.740.990.530.660.110.90.860.061.00.540.920.950.290.880.45
0.350.050.660.410.780.370.64-0.040.920.130.20.330.560.240.30.480.390.220.250.870.230.170.290.440.23
0.930.580.530.930.790.910.460.230.620.530.880.90.760.880.350.750.710.420.850.560.830.840.880.440.23
0.340.740.410.450.290.330.080.790.150.050.160.36-0.060.010.050.520.46-0.450.450.480.410.330.450.230.23
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Rio Tinto Account Relationship Matchups

Rio Tinto fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets87.8B97.4B102.9B96.7B103.5B59.2B
Short Long Term Debt Total14.7B14.0B13.5B12.3B14.4B13.0B
Other Current Liab5.4B6.0B6.7B6.9B6.9B7.2B
Total Current Liabilities11.1B11.6B12.6B11.6B12.7B8.7B
Total Stockholder Equity40.5B47.1B51.4B50.2B54.6B57.3B
Property Plant And Equipment Net57.4B62.9B64.9B64.7B68.4B34.9B
Net Debt6.7B3.6B724M5.5B5.7B8.4B
Retained Earnings23.4B26.8B33.3B34.5B38.4B40.3B
Accounts Payable2.9B3.1B3.4B3.3B3.3B2.5B
Cash8.0B10.4B12.8B6.8B8.7B4.7B
Non Current Assets Total70.5B76.5B78.5B77.8B82.0B46.6B
Non Currrent Assets Other4.5B4.8B5.0B4.3B3.6B3.8B
Cash And Short Term Investments10.7B13.2B15.4B8.9B9.8B5.4B
Net Receivables2.1B2.6B2.2B2.2B2.5B1.8B
Common Stock Total Equity4.4B3.7B3.7B4.0B4.6B4.8B
Short Term Investments2.7B2.9B2.5B2.2B1.1B687.3M
Liabilities And Stockholders Equity87.8B97.4B102.9B96.7B103.5B59.2B
Non Current Liabilities Total31.4B33.9B33.7B32.9B34.5B21.6B
Inventory3.5B3.9B5.4B6.2B6.7B7.0B
Other Current Assets5.2B5.6B4.9B4.8B5.1B3.9B
Other Stockholder Equity13.5B16.3B14.3B11.6B12.7B9.6B
Total Liab42.6B45.5B46.3B44.5B47.2B30.3B
Property Plant And Equipment Gross57.5B63.2B128.9B129.8B136.4B143.2B
Total Current Assets17.3B20.9B24.4B19.0B21.5B12.6B
Accumulated Other Comprehensive Income9.2B12.0B10.0B7.8B8.3B8.7B
Short Term Debt1.0B584M1.1B1.2B1.2B2.3B
Common Stock3.7B4.0B3.8B3.5B3.6B2.4B
Other Assets5.3B5.9B5.8B4.9B5.6B3.3B
Intangible Assets2.6B2.8B2.8B3.6B4.4B3.7B
Other Liab18.3B20.6B21.3B21.8B25.1B13.8B
Long Term Debt12.1B12.3B11.4B10.1B12.2B15.3B
Good Will922M946M879M826M797M757.2M
Property Plant Equipment57.4B62.9B64.9B64.7B74.4B50.4B
Net Tangible Assets37.0B43.4B47.7B45.7B52.6B44.1B
Short Long Term Debt720M351M812M923M824M782.8M
Capital Surpluse4.3B4.3B4.3B4.3B5.0B4.7B

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Other Information on Investing in Rio Stock

Balance Sheet is a snapshot of the financial position of Rio Tinto PLC at a specified time, usually calculated after every quarter, six months, or one year. Rio Tinto Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rio Tinto 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 Rio currently owns. An asset can also be divided into two categories, current and non-current.