RITES Retained Earnings vs Non Current Assets Total Analysis

RITES Stock   303.55  5.95  2.00%   
RITES financial indicator trend analysis is much more than just breaking down RITES Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RITES Limited is a good investment. Please check the relationship between RITES Retained Earnings and its Non Current Assets Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RITES Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Retained Earnings vs Non Current Assets Total

Retained Earnings vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RITES Limited Retained Earnings account and Non Current Assets Total. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between RITES's Retained Earnings and Non Current Assets Total is -0.11. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of RITES Limited, assuming nothing else is changed. The correlation between historical values of RITES's Retained Earnings and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of RITES Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Retained Earnings i.e., RITES's Retained Earnings and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from RITES's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RITES Limited 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 RITES Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
As of the 11th of December 2024, Tax Provision is likely to grow to about 2.1 B, while Selling General Administrative is likely to drop about 104.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense46.3M70.4M47.1M58.9M
Depreciation And Amortization656.1M666.9M606.6M463.5M

RITES fundamental ratios Correlations

0.130.980.980.990.960.21-0.920.50.950.59-0.440.970.890.230.940.450.370.85-0.290.981.0-0.47-0.260.95-0.68
0.130.150.080.140.080.370.1-0.380.05-0.190.190.21-0.02-0.240.280.630.05-0.09-0.160.120.160.17-0.2-0.010.26
0.980.150.980.950.920.23-0.890.40.920.52-0.380.970.850.190.960.470.310.81-0.280.980.98-0.43-0.390.93-0.72
0.980.080.980.940.930.26-0.910.550.920.57-0.480.950.840.170.930.420.470.87-0.211.00.98-0.44-0.340.93-0.71
0.990.140.950.940.960.15-0.910.450.930.6-0.40.950.910.30.920.410.270.81-0.370.940.98-0.46-0.190.93-0.65
0.960.080.920.930.960.09-0.870.590.890.7-0.420.880.950.40.840.380.330.81-0.250.930.94-0.52-0.080.93-0.56
0.210.370.230.260.150.09-0.270.040.33-0.22-0.590.30.01-0.720.280.30.480.420.020.270.250.07-0.360.11-0.19
-0.920.1-0.89-0.91-0.91-0.87-0.27-0.55-0.99-0.570.52-0.91-0.84-0.09-0.84-0.4-0.31-0.860.15-0.9-0.920.540.22-0.890.7
0.5-0.380.40.550.450.590.04-0.550.490.56-0.650.380.580.20.310.030.560.690.00.530.47-0.530.080.51-0.27
0.950.050.920.920.930.890.33-0.990.490.55-0.480.950.840.060.890.50.310.85-0.180.930.94-0.52-0.250.89-0.66
0.59-0.190.520.570.60.7-0.22-0.570.560.55-0.170.430.670.420.360.040.160.490.160.550.51-0.220.260.57-0.11
-0.440.19-0.38-0.48-0.4-0.42-0.590.52-0.65-0.48-0.17-0.38-0.440.3-0.320.01-0.57-0.830.32-0.46-0.450.330.16-0.380.39
0.970.210.970.950.950.880.3-0.910.380.950.43-0.380.80.090.990.550.310.79-0.310.960.98-0.43-0.390.9-0.72
0.89-0.020.850.840.910.950.01-0.840.580.840.67-0.440.80.440.760.360.10.78-0.360.830.87-0.570.030.87-0.51
0.23-0.240.190.170.30.4-0.72-0.090.20.060.420.30.090.440.11-0.26-0.21-0.07-0.140.140.2-0.190.420.39-0.12
0.940.280.960.930.920.840.28-0.840.310.890.36-0.320.990.760.110.560.30.74-0.360.940.96-0.38-0.440.87-0.72
0.450.630.470.420.410.380.3-0.40.030.50.040.010.550.36-0.260.56-0.010.27-0.10.490.48-0.29-0.240.3-0.02
0.370.050.310.470.270.330.48-0.310.560.310.16-0.570.310.1-0.210.3-0.010.540.130.460.37-0.09-0.270.34-0.3
0.85-0.090.810.870.810.810.42-0.860.690.850.49-0.830.790.78-0.070.740.270.54-0.320.860.85-0.5-0.290.77-0.64
-0.29-0.16-0.28-0.21-0.37-0.250.020.150.0-0.180.160.32-0.31-0.36-0.14-0.36-0.10.13-0.32-0.21-0.330.00.04-0.250.25
0.980.120.981.00.940.930.27-0.90.530.930.55-0.460.960.830.140.940.490.460.86-0.210.98-0.45-0.340.92-0.69
1.00.160.980.980.980.940.25-0.920.470.940.51-0.450.980.870.20.960.480.370.85-0.330.98-0.47-0.310.94-0.71
-0.470.17-0.43-0.44-0.46-0.520.070.54-0.53-0.52-0.220.33-0.43-0.57-0.19-0.38-0.29-0.09-0.50.0-0.45-0.470.25-0.450.41
-0.26-0.2-0.39-0.34-0.19-0.08-0.360.220.08-0.250.260.16-0.390.030.42-0.44-0.24-0.27-0.290.04-0.34-0.310.25-0.220.46
0.95-0.010.930.930.930.930.11-0.890.510.890.57-0.380.90.870.390.870.30.340.77-0.250.920.94-0.45-0.22-0.67
-0.680.26-0.72-0.71-0.65-0.56-0.190.7-0.27-0.66-0.110.39-0.72-0.51-0.12-0.72-0.02-0.3-0.640.25-0.69-0.710.410.46-0.67
Click cells to compare fundamentals

RITES Account Relationship Matchups

RITES fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.0B58.3B58.2B59.7B56.6B54.6B
Short Long Term Debt Total474.7M365.5M275.9M54.2M80M76M
Other Current Liab27.0B25.2B27.5B26.3B25.2B25.3B
Total Current Liabilities28.9B30.9B30.1B29.5B27.4B27.7B
Total Stockholder Equity26.3B23.9B24.9B26.0B26.1B23.5B
Property Plant And Equipment Net5.9B6.0B6.2B6.5B7.0B5.0B
Current Deferred Revenue27.4B28.0B27.8B25.8B640.6M608.6M
Net Debt(8.3B)(7.8B)(7.8B)(10.4B)(6.5B)(6.9B)
Accounts Payable1.4B3.0B1.8B3.0B2.2B1.8B
Cash8.8B8.1B8.1B10.5B6.6B7.0B
Non Current Assets Total9.0B10.2B11.6B11.4B11.5B10.9B
Non Currrent Assets Other1.2B2.2B2.7B3.5B27.2B28.6B
Cash And Short Term Investments37.4B34.7B33.7B37.9B31.4B33.4B
Net Receivables11.5B8.1B9.9B12.0B12.2B8.8B
Short Term Investments28.6B26.6B25.7B27.4B24.8B26.3B
Liabilities And Stockholders Equity59.0B58.3B58.2B59.7B56.6B54.6B
Non Current Liabilities Total2.9B2.6B2.1B3.0B2.0B2.8B
Inventory106.7M2.9B1.2B309.1M49.3M46.8M
Other Current Assets28.3B28.2B29.6B28.7B12.9B17.5B
Other Stockholder Equity(47.3B)16.2B16.2B16.2B(7.4B)(7.1B)
Total Liab31.9B33.5B32.3B32.5B29.4B30.4B
Total Current Assets50.1B48.1B46.6B48.3B45.1B43.7B
Accumulated Other Comprehensive Income(1.9B)16.2B16.2B16.2B16.2B17.1B
Short Term Debt105M97.4M99.4M(177.8M)16.2M15.4M
Intangible Assets41.9M40.2M26.1M42.7M56.7M32.0M
Retained Earnings4.7B5.3B6.2B7.4B7.4B7.2B
Other Liab1.9B2.8B2.3B2.0B2.3B2.5B
Net Tangible Assets24.2B26.3B23.9B24.9B28.6B24.3B
Other Assets1.7B2.4B3.1B2.0B2.3B2.6B
Long Term Debt476.5M399.3M325.9M246.4M169.8M0.0
Deferred Long Term Liab21.1M20.4M15.1M11.7M44.4M24.8M
Property Plant Equipment5.9B6.0B6.2B6.5B7.5B5.5B
Long Term Debt Total369.7M268.1M176.5M45.2M40.7M38.6M
Cash And Equivalents5.0B2.9B6.5B18.2B21.0B22.0B
Net Invested Capital26.7B24.2B25.1B26.0B26.1B27.6B
Net Working Capital21.1B17.2B16.5B18.8B17.7B14.5B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in RITES Stock

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