Rathdowney Net Tangible Assets vs Property Plant And Equipment Net Analysis

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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 Tangible Assets and its Property Plant And Equipment Net 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 Tangible Assets vs Property Plant And Equipment Net

Net Tangible Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rathdowney Resources Net Tangible Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rathdowney Resources' Net Tangible Assets and Property Plant And Equipment Net is 0.73. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Property Plant And Equipment Net 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 Tangible Assets and Property Plant And Equipment Net 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 Tangible Assets of Rathdowney Resources are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Net Tangible Assets i.e., Rathdowney Resources' Net Tangible Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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

-0.55-0.780.90.910.840.980.710.92-0.55-0.790.99-0.740.850.460.730.67-0.710.37-0.560.760.73-0.56-0.67-0.480.62
-0.550.88-0.76-0.65-0.71-0.45-0.44-0.420.420.71-0.460.66-0.55-0.36-0.77-0.50.76-0.690.94-0.85-0.90.610.650.84-0.92
-0.780.88-0.97-0.91-0.93-0.7-0.69-0.690.60.91-0.710.86-0.84-0.53-0.9-0.710.9-0.650.86-0.98-0.980.760.850.79-0.93
0.9-0.76-0.970.980.950.830.770.81-0.61-0.940.84-0.870.90.530.90.76-0.880.53-0.770.960.94-0.76-0.87-0.690.84
0.91-0.65-0.910.980.930.860.80.85-0.62-0.940.87-0.840.920.470.870.77-0.810.36-0.680.90.86-0.66-0.86-0.530.73
0.84-0.71-0.930.950.930.790.720.83-0.79-0.890.8-0.950.970.590.790.64-0.850.51-0.690.880.86-0.66-0.78-0.620.77
0.98-0.45-0.70.830.860.790.620.95-0.59-0.711.0-0.690.820.460.60.57-0.660.31-0.460.660.63-0.51-0.59-0.40.51
0.71-0.44-0.690.770.80.720.620.57-0.35-0.760.64-0.680.720.20.720.65-0.530.25-0.490.720.68-0.65-0.83-0.40.57
0.92-0.42-0.690.810.850.830.950.57-0.73-0.720.95-0.740.890.50.550.48-0.640.26-0.430.610.58-0.44-0.56-0.360.48
-0.550.420.6-0.61-0.62-0.79-0.59-0.35-0.730.62-0.590.82-0.81-0.62-0.34-0.130.67-0.220.46-0.47-0.470.370.430.38-0.45
-0.790.710.91-0.94-0.94-0.89-0.71-0.76-0.720.62-0.720.88-0.86-0.47-0.88-0.760.89-0.320.8-0.91-0.90.770.890.64-0.79
0.99-0.46-0.710.840.870.81.00.640.95-0.59-0.72-0.70.830.460.610.58-0.670.32-0.470.670.64-0.52-0.61-0.410.52
-0.740.660.86-0.87-0.84-0.95-0.69-0.68-0.740.820.88-0.7-0.93-0.66-0.72-0.60.88-0.450.72-0.8-0.80.690.720.68-0.72
0.85-0.55-0.840.90.920.970.820.720.89-0.81-0.860.83-0.930.550.720.63-0.770.34-0.560.770.74-0.56-0.71-0.470.62
0.46-0.36-0.530.530.470.590.460.20.5-0.62-0.470.46-0.660.550.40.29-0.690.55-0.410.480.48-0.41-0.36-0.630.48
0.73-0.77-0.90.90.870.790.60.720.55-0.34-0.880.61-0.720.720.40.87-0.770.47-0.790.950.92-0.62-0.79-0.650.87
0.67-0.5-0.710.760.770.640.570.650.48-0.13-0.760.58-0.60.630.290.87-0.630.29-0.530.790.74-0.55-0.66-0.440.56
-0.710.760.9-0.88-0.81-0.85-0.66-0.53-0.640.670.89-0.670.88-0.77-0.69-0.77-0.63-0.560.83-0.88-0.90.830.760.83-0.83
0.37-0.69-0.650.530.360.510.310.250.26-0.22-0.320.32-0.450.340.550.470.29-0.56-0.530.610.65-0.54-0.41-0.810.71
-0.560.940.86-0.77-0.68-0.69-0.46-0.49-0.430.460.8-0.470.72-0.56-0.41-0.79-0.530.83-0.53-0.84-0.90.670.690.86-0.91
0.76-0.85-0.980.960.90.880.660.720.61-0.47-0.910.67-0.80.770.480.950.79-0.880.61-0.840.99-0.77-0.88-0.760.92
0.73-0.9-0.980.940.860.860.630.680.58-0.47-0.90.64-0.80.740.480.920.74-0.90.65-0.90.99-0.8-0.86-0.820.95
-0.560.610.76-0.76-0.66-0.66-0.51-0.65-0.440.370.77-0.520.69-0.56-0.41-0.62-0.550.83-0.540.67-0.77-0.80.850.76-0.69
-0.670.650.85-0.87-0.86-0.78-0.59-0.83-0.560.430.89-0.610.72-0.71-0.36-0.79-0.660.76-0.410.69-0.88-0.860.850.6-0.73
-0.480.840.79-0.69-0.53-0.62-0.4-0.4-0.360.380.64-0.410.68-0.47-0.63-0.65-0.440.83-0.810.86-0.76-0.820.760.6-0.86
0.62-0.92-0.930.840.730.770.510.570.48-0.45-0.790.52-0.720.620.480.870.56-0.830.71-0.910.920.95-0.69-0.73-0.86
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Rathdowney Resources Account Relationship Matchups

Rathdowney Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets736.3K556.9K687.8K182.5K100.2K95.2K
Other Current Liab191.1K242.7K182.8K9.6M11.0M11.5M
Total Current Liabilities7.4M8.6M10.9M12.6M14.6M15.3M
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)
Cash55.6K490.6K611.9K76.3K50.3K47.8K
Net Receivables121.8K35.7K35.8K70.2K63.1K76.3K
Other Stockholder Equity3.2M3.6M4.2M4.9M5.6M4.2M
Total Liab9.7M10.4M10.9M12.6M14.6M7.4M
Total Current Assets109.1K550.9K682.1K178.7K98.3K93.4K
Property Plant Equipment13.7K11.1K6.0K5.7K5.1K4.9K
Accounts Payable242.7K182.8K214.5K304.0K121.6K167.4K
Non Current Assets Total627.1K6.0K5.7K3.8K1.9K1.8K
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 Debt2.3M1.3M732.4K1.8M2.8M1.8M

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