Renascor Ebit vs Ebitda Analysis

RNU Stock

0.06 0 3.45%

Renascor Resources financial indicator trend analysis is much more than just breaking down Renascor Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renascor Resources is a good investment. Please check the relationship between Renascor Resources Ebit and its Ebitda accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renascor Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Ebit vs Ebitda

Ebit vs Ebitda Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renascor Resources Ebit account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Renascor Resources' Ebit and Ebitda is 0.59. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Ebitda in the same time period over historical financial statements of Renascor Resources, assuming nothing else is changed. The correlation between historical values of Renascor Resources' Ebit and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Renascor Resources are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Ebit i.e., Renascor Resources' Ebit and Ebitda go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Ebit

Ebitda

Most indicators from Renascor Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renascor Resources 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 Renascor Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 542.1 K in 2024. Issuance Of Capital Stock is likely to drop to about 43.9 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	6.1K	255.0	540.0	513.0
Depreciation And Amortization	4.4K	11.1K	119.3K	113.4K

Total Revenue Depreciation And Amortization

Renascor Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Other Current Assets	Other Liab	Non Currrent Assets Other	Net Tangible Assets	Inventory	Other Stockholder Equity
Total Assets		0.91	0.97	1.0	0.95	-0.99	-0.61	0.68	0.99	0.95	0.99	0.94	0.73	0.92	-0.23	0.96	0.95	0.99	1.0	0.96	0.02	-0.32	0.52	1.0	-0.75	-0.99
Other Current Liab	0.91		0.96	0.91	0.83	-0.86	-0.51	0.54	0.86	0.83	0.92	0.89	0.58	0.79	-0.17	0.97	0.83	0.92	0.9	0.86	0.15	-0.18	0.42	0.9	-0.62	-0.91
Total Current Liabilities	0.97	0.96		0.97	0.9	-0.94	-0.64	0.7	0.94	0.9	0.97	0.91	0.72	0.9	-0.24	0.99	0.9	0.97	0.97	0.93	0.12	-0.31	0.54	0.96	-0.66	-0.97
Total Stockholder Equity	1.0	0.91	0.97		0.95	-0.99	-0.61	0.68	0.99	0.95	0.99	0.94	0.73	0.92	-0.23	0.96	0.95	0.99	1.0	0.96	0.02	-0.32	0.52	1.0	-0.75	-0.99
Property Plant And Equipment Net	0.95	0.83	0.9	0.95		-0.93	-0.61	0.55	0.94	1.0	0.9	0.96	0.78	0.92	-0.19	0.89	1.0	0.91	0.95	0.98	0.03	-0.3	0.53	0.97	-0.88	-0.91
Net Debt	-0.99	-0.86	-0.94	-0.99	-0.93		0.58	-0.73	-1.0	-0.93	-0.98	-0.92	-0.7	-0.9	0.24	-0.94	-0.93	-0.98	-0.98	-0.93	-0.02	0.32	-0.49	-0.99	0.76	0.98
Retained Earnings	-0.61	-0.51	-0.64	-0.61	-0.61	0.58		-0.59	-0.58	-0.63	-0.58	-0.47	-0.92	-0.83	0.07	-0.58	-0.63	-0.58	-0.67	-0.72	-0.07	0.2	-0.93	-0.59	0.31	0.64
Accounts Payable	0.68	0.54	0.7	0.68	0.55	-0.73	-0.59		0.7	0.55	0.72	0.48	0.64	0.7	-0.27	0.7	0.55	0.72	0.7	0.61	-0.07	-0.57	0.54	0.65	-0.28	-0.71
Cash	0.99	0.86	0.94	0.99	0.94	-1.0	-0.58	0.7		0.94	0.98	0.93	0.7	0.9	-0.24	0.94	0.94	0.98	0.98	0.94	0.01	-0.32	0.48	0.99	-0.78	-0.97
Non Current Assets Total	0.95	0.83	0.9	0.95	1.0	-0.93	-0.63	0.55	0.94		0.9	0.96	0.8	0.93	-0.19	0.89	1.0	0.91	0.95	0.98	0.01	-0.32	0.56	0.97	-0.87	-0.92
Cash And Short Term Investments	0.99	0.92	0.97	0.99	0.9	-0.98	-0.58	0.72	0.98	0.9		0.91	0.68	0.89	-0.24	0.97	0.9	1.0	0.99	0.93	0.02	-0.31	0.49	0.98	-0.67	-0.99
Net Receivables	0.94	0.89	0.91	0.94	0.96	-0.92	-0.47	0.48	0.93	0.96	0.91		0.63	0.82	-0.22	0.91	0.96	0.92	0.93	0.92	0.16	-0.23	0.38	0.96	-0.88	-0.9
Common Stock Total Equity	0.73	0.58	0.72	0.73	0.78	-0.7	-0.92	0.64	0.7	0.8	0.68	0.63		0.93	-0.13	0.68	0.8	0.68	0.77	0.84	-0.05	-0.44	0.92	0.73	-0.53	-0.73
Common Stock Shares Outstanding	0.92	0.79	0.9	0.92	0.92	-0.9	-0.83	0.7	0.9	0.93	0.89	0.82	0.93		-0.2	0.87	0.93	0.89	0.94	0.97	-0.09	-0.41	0.78	0.91	-0.65	-0.92
Non Current Liabilities Total	-0.23	-0.17	-0.24	-0.23	-0.19	0.24	0.07	-0.27	-0.24	-0.19	-0.24	-0.22	-0.13	-0.2		-0.2	-0.19	-0.24	-0.22	-0.21	-0.28	0.63	0.01	-0.23	0.12	0.25
Total Liab	0.96	0.97	0.99	0.96	0.89	-0.94	-0.58	0.7	0.94	0.89	0.97	0.91	0.68	0.87	-0.2		0.89	0.97	0.96	0.91	0.1	-0.3	0.49	0.96	-0.67	-0.95
Property Plant And Equipment Gross	0.95	0.83	0.9	0.95	1.0	-0.93	-0.63	0.55	0.94	1.0	0.9	0.96	0.8	0.93	-0.19	0.89		0.91	0.95	0.98	0.01	-0.32	0.56	0.97	-0.87	-0.92
Total Current Assets	0.99	0.92	0.97	0.99	0.91	-0.98	-0.58	0.72	0.98	0.91	1.0	0.92	0.68	0.89	-0.24	0.97	0.91		0.99	0.93	0.03	-0.31	0.49	0.98	-0.68	-0.99
Common Stock	1.0	0.9	0.97	1.0	0.95	-0.98	-0.67	0.7	0.98	0.95	0.99	0.93	0.77	0.94	-0.22	0.96	0.95	0.99		0.97	0.02	-0.32	0.58	0.99	-0.73	-0.99
Property Plant Equipment	0.96	0.86	0.93	0.96	0.98	-0.93	-0.72	0.61	0.94	0.98	0.93	0.92	0.84	0.97	-0.21	0.91	0.98	0.93	0.97		-0.02	-0.35	0.65	0.97	-0.76	-0.95
Other Current Assets	0.02	0.15	0.12	0.02	0.03	-0.02	-0.07	-0.07	0.01	0.01	0.02	0.16	-0.05	-0.09	-0.28	0.1	0.01	0.03	0.02	-0.02		0.2	-0.1	0.04	-0.14	0.0
Other Liab	-0.32	-0.18	-0.31	-0.32	-0.3	0.32	0.2	-0.57	-0.32	-0.32	-0.31	-0.23	-0.44	-0.41	0.63	-0.3	-0.32	-0.31	-0.32	-0.35	0.2		-0.32	-0.31	0.17	0.31
Non Currrent Assets Other	0.52	0.42	0.54	0.52	0.53	-0.49	-0.93	0.54	0.48	0.56	0.49	0.38	0.92	0.78	0.01	0.49	0.56	0.49	0.58	0.65	-0.1	-0.32		0.51	-0.24	-0.56
Net Tangible Assets	1.0	0.9	0.96	1.0	0.97	-0.99	-0.59	0.65	0.99	0.97	0.98	0.96	0.73	0.91	-0.23	0.96	0.97	0.98	0.99	0.97	0.04	-0.31	0.51		-0.79	-0.98
Inventory	-0.75	-0.62	-0.66	-0.75	-0.88	0.76	0.31	-0.28	-0.78	-0.87	-0.67	-0.88	-0.53	-0.65	0.12	-0.67	-0.87	-0.68	-0.73	-0.76	-0.14	0.17	-0.24	-0.79		0.67
Other Stockholder Equity	-0.99	-0.91	-0.97	-0.99	-0.91	0.98	0.64	-0.71	-0.97	-0.92	-0.99	-0.9	-0.73	-0.92	0.25	-0.95	-0.92	-0.99	-0.99	-0.95	0.0	0.31	-0.56	-0.98	0.67

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Renascor Resources Account Relationship Matchups

Renascor Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.5M	36.2M	97.5M	169.0M	171.1M	179.6M
Other Current Liab	161.9K	653.5K	330.8K	2.0M	1.4M	1.5M
Total Current Liabilities	332.2K	1.0M	1.2M	2.8M	2.2M	2.3M
Total Stockholder Equity	18.2M	35.2M	96.3M	166.2M	168.8M	177.2M
Property Plant And Equipment Net	13.5M	17.1M	21.5M	35.9M	57.7M	60.6M
Net Debt	(1.9M)	(17.3M)	(74.0M)	(89.3M)	(109.8M)	(104.3M)
Retained Earnings	(14.7M)	(17.0M)	(18.5M)	(18.0M)	(16.3M)	(15.5M)
Accounts Payable	170.3K	389.0K	860.3K	756.3K	700.4K	399.2K
Cash	1.9M	17.3M	74.0M	89.3M	110.0M	115.5M
Non Current Assets Total	16.4M	18.8M	23.0M	37.5M	57.9M	60.8M
Cash And Short Term Investments	1.9M	17.3M	74.0M	129.3M	110.0M	115.5M
Net Receivables	206.7K	109.4K	441.1K	2.1M	3.0M	3.1M
Common Stock Shares Outstanding	1.2B	1.6B	1.9B	2.4B	2.5B	2.7B
Liabilities And Stockholders Equity	18.5M	36.2M	97.5M	169.0M	171.1M	179.6M
Non Current Liabilities Total	462.3K	170.3K	2.7K	10.2K	90.0K	85.5K
Total Liab	332.2K	1.0M	1.2M	2.8M	2.3M	2.4M
Property Plant And Equipment Gross	16.4M	18.8M	23.0M	37.4M	57.8M	60.7M
Total Current Assets	2.1M	17.5M	74.5M	131.5M	113.2M	118.8M
Accumulated Other Comprehensive Income	(1.3M)	247.3K	139.3K	415.9K	1.0M	1.1M
Common Stock	34.1M	51.9M	114.6M	183.8M	184.1M	193.3M
Property Plant Equipment	16.4M	18.7M	22.9M	37.4M	43.0M	45.2M
Other Current Assets	13.6K	67.3K	19.9K	128.7K	179.7K	92.3K
Non Currrent Assets Other	2.9M	1.7M	1.5M	1.5M	199.8K	209.8K
Net Tangible Assets	18.2M	35.2M	96.3M	166.2M	191.1M	200.7M
Other Stockholder Equity	(19.4M)	(34.9M)	(96.1M)	(165.8M)	(149.2M)	(141.7M)
Net Invested Capital	18.2M	35.2M	96.3M	166.2M	168.8M	177.2M
Net Working Capital	1.7M	16.4M	73.3M	128.7M	110.9M	116.5M
Capital Stock	34.1M	51.9M	114.6M	183.8M	184.1M	110.1M

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