Rathdowney Net Debt vs Non Currrent Assets Other Analysis

RTH Stock

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

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rathdowney Resources Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Rathdowney Resources' Net Debt and Non Currrent Assets Other is -0.55. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Rathdowney Resources, assuming nothing else is changed. The correlation between historical values of Rathdowney Resources' Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Rathdowney Resources are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Rathdowney Resources' Net Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.55

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Rathdowney Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rathdowney 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 Rathdowney 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 climb to about 1.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Rathdowney Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Cash	Net Receivables	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Short Long Term Debt	Short Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Long Term Debt	Capital Stock	Property Plant And Equipment Net
Total Assets		-0.55	-0.78	0.9	0.91	0.84	0.98	0.71	0.92	-0.55	-0.79	0.99	-0.74	0.85	0.46	0.73	0.67	-0.71	0.37	-0.56	0.76	0.73	-0.56	-0.67	-0.48	0.62
Other Current Liab	-0.55		0.88	-0.76	-0.65	-0.71	-0.45	-0.44	-0.42	0.42	0.71	-0.46	0.66	-0.55	-0.36	-0.77	-0.5	0.76	-0.69	0.94	-0.85	-0.9	0.61	0.65	0.84	-0.92
Total Current Liabilities	-0.78	0.88		-0.97	-0.91	-0.93	-0.7	-0.69	-0.69	0.6	0.91	-0.71	0.86	-0.84	-0.53	-0.9	-0.71	0.9	-0.65	0.86	-0.98	-0.98	0.76	0.85	0.79	-0.93
Total Stockholder Equity	0.9	-0.76	-0.97		0.98	0.95	0.83	0.77	0.81	-0.61	-0.94	0.84	-0.87	0.9	0.53	0.9	0.76	-0.88	0.53	-0.77	0.96	0.94	-0.76	-0.87	-0.69	0.84
Net Tangible Assets	0.91	-0.65	-0.91	0.98		0.93	0.86	0.8	0.85	-0.62	-0.94	0.87	-0.84	0.92	0.47	0.87	0.77	-0.81	0.36	-0.68	0.9	0.86	-0.66	-0.86	-0.53	0.73
Retained Earnings	0.84	-0.71	-0.93	0.95	0.93		0.79	0.72	0.83	-0.79	-0.89	0.8	-0.95	0.97	0.59	0.79	0.64	-0.85	0.51	-0.69	0.88	0.86	-0.66	-0.78	-0.62	0.77
Cash	0.98	-0.45	-0.7	0.83	0.86	0.79		0.62	0.95	-0.59	-0.71	1.0	-0.69	0.82	0.46	0.6	0.57	-0.66	0.31	-0.46	0.66	0.63	-0.51	-0.59	-0.4	0.51
Net Receivables	0.71	-0.44	-0.69	0.77	0.8	0.72	0.62		0.57	-0.35	-0.76	0.64	-0.68	0.72	0.2	0.72	0.65	-0.53	0.25	-0.49	0.72	0.68	-0.65	-0.83	-0.4	0.57
Short Term Investments	0.92	-0.42	-0.69	0.81	0.85	0.83	0.95	0.57		-0.73	-0.72	0.95	-0.74	0.89	0.5	0.55	0.48	-0.64	0.26	-0.43	0.61	0.58	-0.44	-0.56	-0.36	0.48
Other Stockholder Equity	-0.55	0.42	0.6	-0.61	-0.62	-0.79	-0.59	-0.35	-0.73		0.62	-0.59	0.82	-0.81	-0.62	-0.34	-0.13	0.67	-0.22	0.46	-0.47	-0.47	0.37	0.43	0.38	-0.45
Total Liab	-0.79	0.71	0.91	-0.94	-0.94	-0.89	-0.71	-0.76	-0.72	0.62		-0.72	0.88	-0.86	-0.47	-0.88	-0.76	0.89	-0.32	0.8	-0.91	-0.9	0.77	0.89	0.64	-0.79
Total Current Assets	0.99	-0.46	-0.71	0.84	0.87	0.8	1.0	0.64	0.95	-0.59	-0.72		-0.7	0.83	0.46	0.61	0.58	-0.67	0.32	-0.47	0.67	0.64	-0.52	-0.61	-0.41	0.52
Common Stock	-0.74	0.66	0.86	-0.87	-0.84	-0.95	-0.69	-0.68	-0.74	0.82	0.88	-0.7		-0.93	-0.66	-0.72	-0.6	0.88	-0.45	0.72	-0.8	-0.8	0.69	0.72	0.68	-0.72
Property Plant Equipment	0.85	-0.55	-0.84	0.9	0.92	0.97	0.82	0.72	0.89	-0.81	-0.86	0.83	-0.93		0.55	0.72	0.63	-0.77	0.34	-0.56	0.77	0.74	-0.56	-0.71	-0.47	0.62
Accounts Payable	0.46	-0.36	-0.53	0.53	0.47	0.59	0.46	0.2	0.5	-0.62	-0.47	0.46	-0.66	0.55		0.4	0.29	-0.69	0.55	-0.41	0.48	0.48	-0.41	-0.36	-0.63	0.48
Non Current Assets Total	0.73	-0.77	-0.9	0.9	0.87	0.79	0.6	0.72	0.55	-0.34	-0.88	0.61	-0.72	0.72	0.4		0.87	-0.77	0.47	-0.79	0.95	0.92	-0.62	-0.79	-0.65	0.87
Non Currrent Assets Other	0.67	-0.5	-0.71	0.76	0.77	0.64	0.57	0.65	0.48	-0.13	-0.76	0.58	-0.6	0.63	0.29	0.87		-0.63	0.29	-0.53	0.79	0.74	-0.55	-0.66	-0.44	0.56
Short Long Term Debt	-0.71	0.76	0.9	-0.88	-0.81	-0.85	-0.66	-0.53	-0.64	0.67	0.89	-0.67	0.88	-0.77	-0.69	-0.77	-0.63		-0.56	0.83	-0.88	-0.9	0.83	0.76	0.83	-0.83
Short Term Debt	0.37	-0.69	-0.65	0.53	0.36	0.51	0.31	0.25	0.26	-0.22	-0.32	0.32	-0.45	0.34	0.55	0.47	0.29	-0.56		-0.53	0.61	0.65	-0.54	-0.41	-0.81	0.71
Common Stock Shares Outstanding	-0.56	0.94	0.86	-0.77	-0.68	-0.69	-0.46	-0.49	-0.43	0.46	0.8	-0.47	0.72	-0.56	-0.41	-0.79	-0.53	0.83	-0.53		-0.84	-0.9	0.67	0.69	0.86	-0.91
Net Invested Capital	0.76	-0.85	-0.98	0.96	0.9	0.88	0.66	0.72	0.61	-0.47	-0.91	0.67	-0.8	0.77	0.48	0.95	0.79	-0.88	0.61	-0.84		0.99	-0.77	-0.88	-0.76	0.92
Net Working Capital	0.73	-0.9	-0.98	0.94	0.86	0.86	0.63	0.68	0.58	-0.47	-0.9	0.64	-0.8	0.74	0.48	0.92	0.74	-0.9	0.65	-0.9	0.99		-0.8	-0.86	-0.82	0.95
Net Debt	-0.56	0.61	0.76	-0.76	-0.66	-0.66	-0.51	-0.65	-0.44	0.37	0.77	-0.52	0.69	-0.56	-0.41	-0.62	-0.55	0.83	-0.54	0.67	-0.77	-0.8		0.85	0.76	-0.69
Long Term Debt	-0.67	0.65	0.85	-0.87	-0.86	-0.78	-0.59	-0.83	-0.56	0.43	0.89	-0.61	0.72	-0.71	-0.36	-0.79	-0.66	0.76	-0.41	0.69	-0.88	-0.86	0.85		0.6	-0.73
Capital Stock	-0.48	0.84	0.79	-0.69	-0.53	-0.62	-0.4	-0.4	-0.36	0.38	0.64	-0.41	0.68	-0.47	-0.63	-0.65	-0.44	0.83	-0.81	0.86	-0.76	-0.82	0.76	0.6		-0.86
Property Plant And Equipment Net	0.62	-0.92	-0.93	0.84	0.73	0.77	0.51	0.57	0.48	-0.45	-0.79	0.52	-0.72	0.62	0.48	0.87	0.56	-0.83	0.71	-0.91	0.92	0.95	-0.69	-0.73	-0.86

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Rathdowney Resources Account Relationship Matchups

Rathdowney Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	736.3K	556.9K	687.8K	182.5K	100.2K	95.2K
Other Current Liab	191.1K	242.7K	182.8K	9.6M	11.0M	11.5M
Total Current Liabilities	7.4M	8.6M	10.9M	12.6M	14.6M	15.3M
Total Stockholder Equity	(9.0M)	(9.8M)	(10.2M)	(12.5M)	(14.5M)	(13.8M)
Net Tangible Assets	(5.8M)	(9.0M)	(9.8M)	(10.2M)	(9.2M)	(8.7M)
Retained Earnings	(69.7M)	(72.2M)	(74.5M)	(76.8M)	(78.8M)	(82.7M)
Cash	55.6K	490.6K	611.9K	76.3K	50.3K	47.8K
Net Receivables	121.8K	35.7K	35.8K	70.2K	63.1K	76.3K
Other Stockholder Equity	3.2M	3.6M	4.2M	4.9M	5.6M	4.2M
Total Liab	9.7M	10.4M	10.9M	12.6M	14.6M	7.4M
Total Current Assets	109.1K	550.9K	682.1K	178.7K	98.3K	93.4K
Property Plant Equipment	13.7K	11.1K	6.0K	5.7K	5.1K	4.9K
Accounts Payable	242.7K	182.8K	214.5K	304.0K	121.6K	167.4K
Non Current Assets Total	627.1K	6.0K	5.7K	3.8K	1.9K	1.8K
Net Invested Capital	(6.7M)	(8.0M)	(8.9M)	(10.6M)	(11.6M)	(12.2M)
Net Working Capital	(7.3M)	(8.0M)	(10.2M)	(12.5M)	(14.5M)	(13.8M)
Net Debt	2.3M	1.3M	732.4K	1.8M	2.8M	1.8M

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