Rockridge Total Current Liabilities vs Cash Analysis

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Rockridge Resources financial indicator trend analysis is much more than just breaking down Rockridge Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rockridge Resources is a good investment. Please check the relationship between Rockridge Resources Total Current Liabilities and its Cash accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rockridge 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 industry.

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rockridge Resources Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Rockridge Resources' Total Current Liabilities and Cash is 0.53. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Rockridge Resources, assuming nothing else is changed. The correlation between historical values of Rockridge Resources' Total Current Liabilities 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 Total Current Liabilities of Rockridge Resources 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 Total Current Liabilities i.e., Rockridge Resources' Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Total Current Liabilities

Total Current Liabilities is an item on Rockridge Resources balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Rockridge Resources 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.

Cash

Cash refers to the most liquid asset of Rockridge Resources, which is listed under current asset account on Rockridge Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Rockridge Resources customers. The amounts must be unrestricted with restricted cash listed in a different Rockridge Resources 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 Rockridge Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rockridge 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 Rockridge 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 industry.

At this time, Rockridge Resources' Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (3.28) in 2024.

Rockridge Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Net Invested Capital	Net Working Capital	Property Plant Equipment	Accounts Payable	Capital Stock	Short Term Investments
Total Assets		0.86	0.86	1.0	1.0	-0.64	-0.98	0.7	0.7	1.0	0.86	0.78	1.0	0.99	0.99	0.87	0.97	0.83	0.95	0.74	0.99	0.8	0.95	-0.61
Other Current Liab	0.86		0.95	0.86	0.85	-0.43	-0.83	0.5	0.5	0.84	0.95	0.58	0.87	0.87	0.87	0.59	0.91	0.75	0.76	0.52	0.85	0.86	0.79	-0.71
Total Current Liabilities	0.86	0.95		0.85	0.85	-0.45	-0.81	0.53	0.53	0.84	1.0	0.6	0.87	0.87	0.87	0.63	0.9	0.68	0.75	0.53	0.83	0.97	0.77	-0.75
Total Stockholder Equity	1.0	0.86	0.85		1.0	-0.64	-0.98	0.7	0.7	1.0	0.85	0.78	1.0	0.99	0.99	0.88	0.96	0.83	0.95	0.74	0.99	0.79	0.95	-0.61
Net Tangible Assets	1.0	0.85	0.85	1.0		-0.65	-0.98	0.71	0.71	1.0	0.85	0.78	1.0	0.99	0.99	0.88	0.96	0.83	0.95	0.75	0.99	0.79	0.95	-0.6
Net Debt	-0.64	-0.43	-0.45	-0.64	-0.65		0.6	-0.99	-0.99	-0.6	-0.45	-0.97	-0.6	-0.54	-0.54	-0.78	-0.45	-0.77	-0.68	-0.98	-0.57	-0.45	-0.61	0.12
Retained Earnings	-0.98	-0.83	-0.81	-0.98	-0.98	0.6		-0.65	-0.65	-0.98	-0.81	-0.74	-0.98	-0.98	-0.98	-0.86	-0.96	-0.82	-0.97	-0.69	-0.99	-0.74	-0.98	0.5
Cash	0.7	0.5	0.53	0.7	0.71	-0.99	-0.65		1.0	0.67	0.53	0.99	0.66	0.61	0.61	0.8	0.53	0.8	0.72	0.99	0.64	0.53	0.66	-0.22
Cash And Short Term Investments	0.7	0.5	0.53	0.7	0.71	-0.99	-0.65	1.0		0.67	0.53	0.99	0.66	0.61	0.61	0.8	0.53	0.8	0.72	0.99	0.64	0.53	0.66	-0.22
Other Stockholder Equity	1.0	0.84	0.84	1.0	1.0	-0.6	-0.98	0.67	0.67		0.84	0.75	1.0	0.99	0.99	0.87	0.97	0.81	0.94	0.71	1.0	0.79	0.95	-0.61
Total Liab	0.86	0.95	1.0	0.85	0.85	-0.45	-0.81	0.53	0.53	0.84		0.6	0.87	0.87	0.87	0.63	0.9	0.68	0.75	0.53	0.83	0.97	0.77	-0.75
Total Current Assets	0.78	0.58	0.6	0.78	0.78	-0.97	-0.74	0.99	0.99	0.75	0.6		0.74	0.69	0.69	0.86	0.61	0.85	0.8	0.99	0.72	0.57	0.75	-0.25
Common Stock	1.0	0.87	0.87	1.0	1.0	-0.6	-0.98	0.66	0.66	1.0	0.87	0.74		1.0	1.0	0.85	0.98	0.82	0.94	0.7	1.0	0.8	0.95	-0.63
Property Plant And Equipment Net	0.99	0.87	0.87	0.99	0.99	-0.54	-0.98	0.61	0.61	0.99	0.87	0.69	1.0		1.0	0.83	0.99	0.78	0.93	0.65	1.0	0.8	0.95	-0.65
Non Current Assets Total	0.99	0.87	0.87	0.99	0.99	-0.54	-0.98	0.61	0.61	0.99	0.87	0.69	1.0	1.0		0.83	0.99	0.78	0.93	0.65	1.0	0.8	0.95	-0.65
Net Receivables	0.87	0.59	0.63	0.88	0.88	-0.78	-0.86	0.8	0.8	0.87	0.63	0.86	0.85	0.83	0.83		0.74	0.73	0.9	0.84	0.86	0.61	0.86	-0.32
Common Stock Shares Outstanding	0.97	0.91	0.9	0.96	0.96	-0.45	-0.96	0.53	0.53	0.97	0.9	0.61	0.98	0.99	0.99	0.74		0.77	0.89	0.56	0.97	0.84	0.92	-0.7
Other Current Assets	0.83	0.75	0.68	0.83	0.83	-0.77	-0.82	0.8	0.8	0.81	0.68	0.85	0.82	0.78	0.78	0.73	0.77		0.85	0.82	0.8	0.59	0.83	-0.36
Net Invested Capital	0.95	0.76	0.75	0.95	0.95	-0.68	-0.97	0.72	0.72	0.94	0.75	0.8	0.94	0.93	0.93	0.9	0.89	0.85		0.74	0.94	0.69	0.99	-0.36
Net Working Capital	0.74	0.52	0.53	0.74	0.75	-0.98	-0.69	0.99	0.99	0.71	0.53	0.99	0.7	0.65	0.65	0.84	0.56	0.82	0.74		0.68	0.51	0.69	-0.26
Property Plant Equipment	0.99	0.85	0.83	0.99	0.99	-0.57	-0.99	0.64	0.64	1.0	0.83	0.72	1.0	1.0	1.0	0.86	0.97	0.8	0.94	0.68		0.77	0.96	-0.61
Accounts Payable	0.8	0.86	0.97	0.79	0.79	-0.45	-0.74	0.53	0.53	0.79	0.97	0.57	0.8	0.8	0.8	0.61	0.84	0.59	0.69	0.51	0.77		0.71	-0.74
Capital Stock	0.95	0.79	0.77	0.95	0.95	-0.61	-0.98	0.66	0.66	0.95	0.77	0.75	0.95	0.95	0.95	0.86	0.92	0.83	0.99	0.69	0.96	0.71		-0.4
Short Term Investments	-0.61	-0.71	-0.75	-0.61	-0.6	0.12	0.5	-0.22	-0.22	-0.61	-0.75	-0.25	-0.63	-0.65	-0.65	-0.32	-0.7	-0.36	-0.36	-0.26	-0.61	-0.74	-0.4

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Rockridge Resources Account Relationship Matchups

Rockridge Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.3M	5.4M	6.7M	7.0M	8.0M	8.4M
Other Current Liab	32.8K	13.1K	62.3K	92.2K	106.0K	111.3K
Total Current Liabilities	100.3K	16.7K	66.5K	209.9K	241.4K	253.5K
Total Stockholder Equity	4.2M	5.4M	6.6M	6.7M	7.8M	8.1M
Net Tangible Assets	2.6M	4.2M	5.4M	6.6M	7.6M	8.0M
Net Debt	(1.5M)	(591.0K)	(1.0M)	(650.2K)	(585.2K)	(614.4K)
Retained Earnings	(2.6M)	(4.4M)	(5.5M)	(6.2M)	(5.6M)	(5.3M)
Cash	1.5M	591.0K	1.0M	650.2K	747.7K	739.7K
Cash And Short Term Investments	1.5M	591.0K	1.0M	650.2K	747.7K	739.7K
Liabilities And Stockholders Equity	4.3M	5.4M	6.7M	7.0M	8.0M	8.4M
Other Stockholder Equity	451.4K	662.0K	934.4K	1.1M	1.3M	1.3M
Total Liab	100.3K	16.7K	66.5K	209.9K	241.4K	253.5K
Total Current Assets	1.8M	845.5K	1.4M	958.0K	1.1M	972.1K
Common Stock	6.2M	8.8M	11.0M	11.8M	13.6M	14.2M
Property Plant And Equipment Net	2.5M	4.6M	5.3M	6.0M	6.9M	7.2M
Non Current Assets Total	2.5M	4.6M	5.3M	6.0M	6.9M	7.2M
Net Receivables	86.4K	120.6K	89.8K	84.1K	96.7K	79.5K
Common Stock Shares Outstanding	31.5M	60.4M	83.3M	105.9M	121.8M	127.9M
Other Current Assets	214.5K	134.0K	321.2K	223.7K	257.3K	217.1K
Net Invested Capital	4.2M	5.4M	6.6M	6.7M	7.8M	4.1M
Net Working Capital	1.7M	828.8K	1.4M	748.1K	860.3K	1.0M
Property Plant Equipment	1.6M	2.5M	4.6M	5.3M	6.1M	6.4M
Accounts Payable	67.5K	3.6K	4.2K	117.8K	135.5K	142.2K
Accumulated Other Comprehensive Income	662.0K	934.4K	1.1M	1.2M	1.4M	805.5K
Capital Stock	6.2M	8.8M	11.0M	11.8M	13.6M	7.7M

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