Rio Long Term Debt Total vs Net Tangible Assets Analysis

RIO Stock  USD 64.98  0.16  0.25%   
Rio Tinto financial indicator trend analysis is much more than just breaking down Rio Tinto ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rio Tinto ADR is a good investment. Please check the relationship between Rio Tinto Long Term Debt Total and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto ADR. 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.

Long Term Debt Total vs Net Tangible Assets

Long Term Debt Total vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rio Tinto ADR Long Term Debt Total account and Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Rio Tinto's Long Term Debt Total and Net Tangible Assets is -0.69. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Rio Tinto ADR, assuming nothing else is changed. The correlation between historical values of Rio Tinto's Long Term Debt Total and Net Tangible 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 Long Term Debt Total of Rio Tinto ADR are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Debt Total i.e., Rio Tinto's Long Term Debt Total and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Long Term Debt Total

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
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 ADR 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 ADR. 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.
At this time, Rio Tinto's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.10, while Selling General Administrative is likely to drop about 3.7 B.
 2021 2022 2023 2024 (projected)
Interest Expense592M1.9B2.0B2.1B
Depreciation And Amortization5.1B6.5B6.3B6.6B

Rio Tinto fundamental ratios Correlations

0.770.120.970.770.980.30.490.510.70.71.00.590.750.87-0.70.190.980.550.30.430.980.350.930.470.94
0.77-0.370.770.460.760.490.90.140.860.50.80.140.380.81-0.23-0.320.870.360.730.710.860.050.580.840.88
0.12-0.370.170.430.08-0.75-0.450.6-0.460.110.090.490.180.07-0.340.470.00.5-0.69-0.760.040.620.26-0.41-0.11
0.970.770.170.80.930.250.520.560.70.690.960.630.70.89-0.620.190.940.660.280.360.970.410.930.540.91
0.770.460.430.80.730.080.230.920.360.790.740.80.610.85-0.540.280.70.840.040.060.730.780.790.20.62
0.980.760.080.930.730.380.480.50.650.680.980.590.760.82-0.770.220.950.510.340.420.960.360.910.480.9
0.30.49-0.750.250.080.380.38-0.090.490.310.30.040.290.26-0.17-0.10.32-0.070.70.750.31-0.150.260.440.37
0.490.9-0.450.520.230.480.38-0.050.760.120.55-0.12-0.060.670.09-0.570.650.320.670.620.63-0.040.230.820.69
0.510.140.60.560.920.5-0.09-0.050.020.670.480.780.490.61-0.470.360.410.84-0.14-0.230.450.920.62-0.010.29
0.70.86-0.460.70.360.650.490.760.020.390.730.150.340.74-0.17-0.230.790.180.510.80.78-0.160.520.610.87
0.70.50.110.690.790.680.310.120.670.390.660.650.860.66-0.530.30.640.440.340.290.660.470.810.290.58
1.00.80.090.960.740.980.30.550.480.730.660.550.70.88-0.680.130.990.530.320.460.990.330.90.490.96
0.590.140.490.630.80.590.04-0.120.780.150.650.550.690.53-0.710.770.460.6-0.25-0.180.510.610.74-0.050.4
0.750.380.180.70.610.760.29-0.060.490.340.860.70.690.47-0.810.580.640.230.180.220.660.270.890.180.58
0.870.810.070.890.850.820.260.670.610.740.660.880.530.47-0.37-0.080.90.730.310.430.90.480.750.490.89
-0.7-0.23-0.34-0.62-0.54-0.77-0.170.09-0.47-0.17-0.53-0.68-0.71-0.81-0.37-0.67-0.59-0.260.060.01-0.6-0.35-0.77-0.03-0.49
0.19-0.320.470.190.280.22-0.1-0.570.36-0.230.30.130.770.58-0.08-0.670.020.07-0.46-0.420.060.220.42-0.36-0.03
0.980.870.00.940.70.950.320.650.410.790.640.990.460.640.9-0.590.020.50.410.531.00.250.850.580.98
0.550.360.50.660.840.51-0.070.320.840.180.440.530.60.230.73-0.260.070.5-0.01-0.160.540.870.560.30.42
0.30.73-0.690.280.040.340.70.67-0.140.510.340.32-0.250.180.310.06-0.460.41-0.010.720.38-0.150.190.830.4
0.430.71-0.760.360.060.420.750.62-0.230.80.290.46-0.180.220.430.01-0.420.53-0.160.720.5-0.360.260.520.62
0.980.860.040.970.730.960.310.630.450.780.660.990.510.660.9-0.60.061.00.540.380.50.290.880.570.97
0.350.050.620.410.780.36-0.15-0.040.92-0.160.470.330.610.270.48-0.350.220.250.87-0.15-0.360.290.440.020.13
0.930.580.260.930.790.910.260.230.620.520.810.90.740.890.75-0.770.420.850.560.190.260.880.440.350.79
0.470.84-0.410.540.20.480.440.82-0.010.610.290.49-0.050.180.49-0.03-0.360.580.30.830.520.570.020.350.55
0.940.88-0.110.910.620.90.370.690.290.870.580.960.40.580.89-0.49-0.030.980.420.40.620.970.130.790.55
Click cells to compare fundamentals

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 Liab3.1B5.7B6.3B6.9B6.6B4.0B
Total Current Liabilities11.1B11.6B12.6B11.6B12.7B8.7B
Total Stockholder Equity40.5B47.1B51.4B50.2B54.6B57.3B
Property Plant And Equipment Net57.4B62.9B64.9B64.7B66.5B34.8B
Current Deferred Revenue200M344M399M333M280M294M
Net Debt6.7B3.6B724M5.5B5.7B8.4B
Retained Earnings23.4B26.8B33.3B34.5B38.4B40.3B
Accounts Payable6.5B3.1B3.4B3.3B3.3B3.6B
Cash8.0B10.4B12.8B6.8B9.7B10.2B
Non Current Assets Total70.5B76.5B78.5B77.8B82.0B46.6B
Non Currrent Assets Other4.5B4.8B5.0B4.3B4.0B4.2B
Cash And Short Term Investments10.7B13.2B15.4B8.9B10.8B5.5B
Common Stock Total Equity4.4B3.7B3.7B4.0B4.6B4.8B
Common Stock Shares Outstanding1.6B1.6B1.6B1.6B1.6B2.2B
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 Assets277M1.3B1.5B1.7B1.6B3.2B
Other Stockholder Equity4.3B4.3B4.3B4.3B4.3B4.1B
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 Debt1.4B584M1.1B1.2B1.2B1.1B
Common Stock3.7B4.0B3.8B3.5B3.6B2.4B
Net Receivables2.9B3.4B3.1B3.4B2.5B2.6B
Other Assets5.3B5.9B6.0B4.6B5.2B4.3B
Intangible Assets2.6B2.8B2.8B3.6B2.4B3.6B
Other Liab18.3B20.6B21.3B21.8B25.1B13.9B
Long Term Debt12.1B13.2B11.4B10.1B12.2B15.5B
Good Will922M946M879M826M797M757.2M
Property Plant Equipment57.4B62.9B64.9B64.7B74.4B51.4B
Net Tangible Assets37.0B43.4B47.7B45.7B52.6B44.1B
Short Long Term Debt720M351M812M923M824M782.8M
Long Term Debt Total13.1B13.2B12.4B11.1B10.0B11.5B

Pair Trading with Rio Tinto

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rio Tinto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rio Tinto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Rio Stock

  0.83VALE Vale SA ADR Aggressive PushPairCorr

Moving against Rio Stock

  0.48NAK Northern Dynasty MineralsPairCorr
  0.31LAC Lithium Americas CorpPairCorr
The ability to find closely correlated positions to Rio Tinto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio Tinto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rio Tinto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rio Tinto ADR to buy it.
The correlation of Rio Tinto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rio Tinto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio Tinto ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rio Tinto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Rio Tinto ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rio Tinto's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rio Tinto Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rio Tinto Adr Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto ADR. 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.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rio Tinto. If investors know Rio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rio Tinto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.133
Dividend Share
4.349
Earnings Share
6.58
Revenue Per Share
33.396
Quarterly Revenue Growth
0.005
The market value of Rio Tinto ADR is measured differently than its book value, which is the value of Rio that is recorded on the company's balance sheet. Investors also form their own opinion of Rio Tinto's value that differs from its market value or its book value, called intrinsic value, which is Rio Tinto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rio Tinto's market value can be influenced by many factors that don't directly affect Rio Tinto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.