Royce Short Term Debt vs Total Current Liabilities Analysis

RMT Stock  USD 9.99  0.32  3.10%   
Royce Micro financial indicator trend analysis is much more than just breaking down Royce Micro Cap prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royce Micro Cap is a good investment. Please check the relationship between Royce Micro Short Term Debt and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royce Micro Cap. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Short Term Debt vs Total Current Liabilities

Short Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Royce Micro Cap Short Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Royce Micro's Short Term Debt and Total Current Liabilities is 0.73. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Royce Micro Cap, assuming nothing else is changed. The correlation between historical values of Royce Micro's Short Term Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Royce Micro Cap are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Debt i.e., Royce Micro's Short Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Debt

Total Current Liabilities

Total Current Liabilities is an item on Royce Micro balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Royce Micro Cap 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.
Most indicators from Royce Micro's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royce Micro Cap 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 Royce Micro Cap. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
At this time, Royce Micro's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.98 in 2024, whereas Enterprise Value Over EBITDA is likely to drop 4.13 in 2024.

Royce Micro fundamental ratios Correlations

0.970.970.780.160.14-0.41-0.12-0.370.820.530.41-0.40.11-0.380.02-0.49-0.490.90.640.33
0.970.990.730.150.26-0.58-0.31-0.550.90.620.57-0.540.13-0.47-0.12-0.62-0.620.870.710.38
0.970.990.690.150.25-0.54-0.28-0.530.890.670.52-0.560.15-0.47-0.15-0.63-0.630.850.710.38
0.780.730.69-0.05-0.04-0.120.11-0.140.480.010.230.07-0.24-0.020.49-0.14-0.140.730.28-0.02
0.160.150.15-0.050.03-0.250.0-0.020.240.290.260.00.12-0.13-0.11-0.29-0.290.020.370.74
0.140.260.25-0.040.03-0.58-0.45-0.740.320.410.43-0.41-0.14-0.24-0.42-0.7-0.70.290.720.56
-0.41-0.58-0.54-0.12-0.25-0.580.760.91-0.82-0.51-0.960.78-0.110.670.50.80.8-0.32-0.68-0.53
-0.12-0.31-0.280.110.0-0.450.760.8-0.53-0.41-0.720.74-0.50.430.780.50.5-0.22-0.37-0.17
-0.37-0.55-0.53-0.14-0.02-0.740.910.8-0.71-0.58-0.80.78-0.140.540.60.870.87-0.4-0.74-0.47
0.820.90.890.480.240.32-0.82-0.53-0.710.640.82-0.760.13-0.73-0.3-0.71-0.710.650.680.42
0.530.620.670.010.290.41-0.51-0.41-0.580.640.34-0.780.35-0.56-0.66-0.81-0.810.440.740.59
0.410.570.520.230.260.43-0.96-0.72-0.80.820.34-0.660.06-0.64-0.33-0.63-0.630.280.530.39
-0.4-0.54-0.560.070.0-0.410.780.740.78-0.76-0.78-0.66-0.340.810.730.750.75-0.32-0.55-0.3
0.110.130.15-0.240.12-0.14-0.11-0.5-0.140.130.350.06-0.340.06-0.68-0.06-0.060.20.130.12
-0.38-0.47-0.47-0.02-0.13-0.240.670.430.54-0.73-0.56-0.640.810.060.370.580.57-0.22-0.37-0.19
0.02-0.12-0.150.49-0.11-0.420.50.780.6-0.3-0.66-0.330.73-0.680.370.530.53-0.11-0.43-0.36
-0.49-0.62-0.63-0.14-0.29-0.70.80.50.87-0.71-0.81-0.630.75-0.060.580.531.0-0.43-0.91-0.74
-0.49-0.62-0.63-0.14-0.29-0.70.80.50.87-0.71-0.81-0.630.75-0.060.570.531.0-0.43-0.91-0.74
0.90.870.850.730.020.29-0.32-0.22-0.40.650.440.28-0.320.2-0.22-0.11-0.43-0.430.640.28
0.640.710.710.280.370.72-0.68-0.37-0.740.680.740.53-0.550.13-0.37-0.43-0.91-0.910.640.84
0.330.380.38-0.020.740.56-0.53-0.17-0.470.420.590.39-0.30.12-0.19-0.36-0.74-0.740.280.84
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Royce Micro Account Relationship Matchups

Royce Micro fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets427.5M538.8M613.8M500.6M523.9M487.2M
Total Stockholder Equity404.8M515.9M590.3M465.9M520.5M452.0M
Net Tangible Assets404.8M515.9M590.3M465.9M535.8M439.6M
Retained Earnings50.7M149.7M207.8M65.5M102.0M77.6M
Accounts Payable252.7K356.3K750.1K22.9M669.9K636.4K
Cash67.6K9.7K14.6K28.1K95.4K100.2K
Other Assets17.8M7.0M28.8M42.3K(19.5M)(18.5M)
Net Receivables560.7K641.5K765.4K6.9M1.3M1.2M
Total Liab22.7M22.9M23.5M34.7M3.4M3.2M
Long Term Investments426.8M538.1M584.2M493.7M522.5M440.1M
Common Stock354.1M366.2M382.5M400.4M418.5M353.0M
Common Stock Shares Outstanding42.0M43.8M44.1M47.7M49.7M40.9M
Total Current Liabilities252.7K356.3K750.1K22.9M3.2M3.1M
Other Current Assets(628.4K)7.0M28.8M20.6M12.5M14.2M
Total Current Assets628.4K651.2K765.4K6.9M13.8M8.9M
Other Current Liab(252.7K)(356.3K)(750.1K)(34.7M)568.8K597.2K
Non Current Assets Total409.0M531.2M584.2M493.7M529.5M405.7M
Non Currrent Assets Other(409.0M)(531.2M)(584.2M)(493.7M)(522.5M)(548.6M)
Cash And Short Term Investments67.6K9.7K14.6K28.1K95.4K100.2K
Common Stock Total Equity329.1M341.5M354.1M366.2M421.1M255.0M
Liabilities And Stockholders Equity427.5M538.8M613.8M500.6M523.9M419.0M
Net Debt21.9M22.0M22.0M11.0M1.9M1.8M
Net Invested Capital426.8M537.9M612.3M476.9M522.5M534.1M
Capital Stock354.1M366.2M382.5M400.4M418.5M414.9M

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