Raj Total Current Liabilities vs Selling General Administrative Analysis

RAJRILTD   23.52  0.49  2.04%   
Raj Rayon financial indicator trend analysis is much more than just breaking down Raj Rayon Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Raj Rayon Industries is a good investment. Please check the relationship between Raj Rayon Total Current Liabilities and its Selling General Administrative accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Raj Rayon Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Total Current Liabilities vs Selling General Administrative

Total Current Liabilities vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Raj Rayon Industries Total Current Liabilities account and Selling General Administrative. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Raj Rayon's Total Current Liabilities and Selling General Administrative is -0.34. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Selling General Administrative in the same time period over historical financial statements of Raj Rayon Industries, assuming nothing else is changed. The correlation between historical values of Raj Rayon's Total Current Liabilities and Selling General Administrative 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 Raj Rayon Industries are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Current Liabilities i.e., Raj Rayon's Total Current Liabilities and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.34
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Current Liabilities

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

Selling General Administrative

Most indicators from Raj Rayon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Raj Rayon Industries 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 Raj Rayon Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Tax Provision is likely to gain to about 61.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 13.8 M in 2024.
 2022 2023 2024 (projected)
Interest Expense13.0M112.0M160.9M
Depreciation And Amortization134.6M113.5M107.8M

Raj Rayon fundamental ratios Correlations

0.01-0.33-0.340.460.870.030.50.840.860.3-0.110.840.87-0.080.740.620.09-0.260.190.90.380.49-0.28-0.47-0.08
0.010.190.69-0.860.40.99-0.83-0.060.40.14-0.58-0.08-0.11-0.540.31-0.54-0.480.350.91-0.330.17-0.620.580.76-0.41
-0.330.190.37-0.41-0.260.22-0.32-0.26-0.31-0.25-0.48-0.27-0.26-0.46-0.31-0.39-0.58-0.490.14-0.28-0.37-0.260.760.48-0.35
-0.340.690.37-0.86-0.120.71-0.85-0.41-0.18-0.2-0.26-0.42-0.23-0.22-0.39-0.38-0.340.30.74-0.410.1-0.290.730.94-0.09
0.46-0.86-0.41-0.860.1-0.860.990.480.120.070.440.490.470.420.170.70.48-0.39-0.740.66-0.020.66-0.74-0.950.31
0.870.4-0.26-0.120.10.410.130.640.980.29-0.270.630.6-0.230.850.32-0.050.00.490.580.430.1-0.07-0.17-0.16
0.030.990.220.71-0.860.41-0.83-0.060.410.15-0.54-0.07-0.1-0.50.31-0.5-0.440.330.93-0.30.23-0.570.630.77-0.38
0.5-0.83-0.32-0.850.990.13-0.830.530.150.070.340.540.530.320.20.680.38-0.5-0.710.7-0.070.67-0.69-0.930.22
0.84-0.06-0.26-0.410.480.64-0.060.530.680.15-0.111.00.76-0.080.660.460.06-0.280.070.790.120.35-0.3-0.48-0.01
0.860.4-0.31-0.180.120.980.410.150.680.42-0.250.680.6-0.220.890.260.00.00.470.560.430.04-0.1-0.21-0.19
0.30.14-0.25-0.20.070.290.150.070.150.42-0.080.170.26-0.120.38-0.210.14-0.080.060.120.28-0.17-0.05-0.15-0.34
-0.11-0.58-0.48-0.260.44-0.27-0.540.34-0.11-0.25-0.08-0.09-0.20.99-0.230.510.950.36-0.40.030.490.43-0.28-0.410.84
0.84-0.08-0.27-0.420.490.63-0.070.541.00.680.17-0.090.76-0.060.660.470.09-0.280.050.790.140.36-0.31-0.49-0.01
0.87-0.11-0.26-0.230.470.6-0.10.530.760.60.26-0.20.76-0.180.460.58-0.09-0.470.10.920.090.64-0.32-0.41-0.14
-0.08-0.54-0.46-0.220.42-0.23-0.50.32-0.08-0.22-0.120.99-0.06-0.18-0.20.530.940.36-0.330.050.510.45-0.24-0.390.89
0.740.31-0.31-0.390.170.850.310.20.660.890.38-0.230.660.46-0.20.190.01-0.070.340.440.28-0.02-0.19-0.37-0.17
0.62-0.54-0.39-0.380.70.32-0.50.680.460.26-0.210.510.470.580.530.190.53-0.17-0.220.790.410.9-0.41-0.630.48
0.09-0.48-0.58-0.340.48-0.05-0.440.380.060.00.140.950.09-0.090.940.010.530.37-0.310.150.620.38-0.32-0.480.73
-0.260.35-0.490.3-0.390.00.33-0.5-0.280.0-0.080.36-0.28-0.470.36-0.07-0.170.370.26-0.430.47-0.37-0.020.320.32
0.190.910.140.74-0.740.490.93-0.710.070.470.06-0.40.050.1-0.330.34-0.22-0.310.26-0.10.31-0.290.60.68-0.17
0.9-0.33-0.28-0.410.660.58-0.30.70.790.560.120.030.790.920.050.440.790.15-0.43-0.10.260.77-0.38-0.590.04
0.380.17-0.370.1-0.020.430.23-0.070.120.430.280.490.140.090.510.280.410.620.470.310.260.220.14-0.020.37
0.49-0.62-0.26-0.290.660.1-0.570.670.350.04-0.170.430.360.640.45-0.020.90.38-0.37-0.290.770.22-0.36-0.570.44
-0.280.580.760.73-0.74-0.070.63-0.69-0.3-0.1-0.05-0.28-0.31-0.32-0.24-0.19-0.41-0.32-0.020.6-0.380.14-0.360.76-0.19
-0.470.760.480.94-0.95-0.170.77-0.93-0.48-0.21-0.15-0.41-0.49-0.41-0.39-0.37-0.63-0.480.320.68-0.59-0.02-0.570.76-0.27
-0.08-0.41-0.35-0.090.31-0.16-0.380.22-0.01-0.19-0.340.84-0.01-0.140.89-0.170.480.730.32-0.170.040.370.44-0.19-0.27
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Raj Rayon Account Relationship Matchups

Raj Rayon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.6B1.0B3.1B4.2B3.0B
Short Long Term Debt Total7.2B7.1B7.1B1.3B1.8B1.7B
Other Current Liab515.9M506.8M17.9M48.4M50.9M48.3M
Total Current Liabilities7.4B7.4B21.1M1.4B2.1B3.4B
Total Stockholder Equity(5.7B)(6.1B)1.0B1.0B1.1B1.1B
Property Plant And Equipment Net1.6B1.3B944.9M1.5B2.3B1.7B
Net Debt7.1B7.1B(900K)1.2B1.7B1.6B
Retained Earnings(6.8B)(7.2B)(769.1M)(892.9M)(852.4M)(895.0M)
Cash78K586K900K2.0M70.3M41.7M
Non Current Assets Total1.7B1.4B982.0M1.8B2.3B1.9B
Non Currrent Assets Other106.2M104.6M36.7M358.2M1.3M1.2M
Cash And Short Term Investments78K586K900K12.7M70.3M42.2M
Net Receivables148.9M147.8M5K233.3M363.1M483.4M
Liabilities And Stockholders Equity1.9B1.6B1.0B3.1B4.2B3.0B
Non Current Liabilities Total240M240.0M1.7M688.1M1.0B1.5B
Other Current Assets36.3M36.5M40.2M544.9M495.4M520.2M
Total Liab7.6B7.6B21.1M2.1B3.1B5.4B
Total Current Assets191.4M190.9M41.4M1.3B2.0B1.1B
Accounts Payable8.7M8.6M3.3M746.5M1.3B1.3B
Short Term Investments1.0M121K36.1M10.7M224.6M235.8M

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