Ritchie Non Current Assets Total vs Short Term Debt Analysis

RBA Stock  CAD 136.50  1.84  1.33%   
Ritchie Bros financial indicator trend analysis is much more than just breaking down Ritchie Bros Auctioneers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ritchie Bros Auctioneers is a good investment. Please check the relationship between Ritchie Bros Non Current Assets Total and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ritchie Bros Auctioneers. 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.

Non Current Assets Total vs Short Term Debt

Non Current Assets Total vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ritchie Bros Auctioneers Non Current Assets Total account and Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ritchie Bros' Non Current Assets Total and Short Term Debt is 0.95. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Ritchie Bros Auctioneers, assuming nothing else is changed. The correlation between historical values of Ritchie Bros' Non Current Assets Total and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Ritchie Bros Auctioneers are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Non Current Assets Total i.e., Ritchie Bros' Non Current Assets Total and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Short Term Debt

Most indicators from Ritchie Bros' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ritchie Bros Auctioneers 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 Ritchie Bros Auctioneers. 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.
At this time, Ritchie Bros' Selling General Administrative is very stable compared to the past year. As of the 3rd of December 2024, Issuance Of Capital Stock is likely to grow to about 393.3 M, while Tax Provision is likely to drop about 52.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit822.2M957.1M1.8B1.9B
Total Revenue1.4B1.7B3.7B3.9B

Ritchie Bros fundamental ratios Correlations

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0.990.950.940.970.941.00.260.070.830.990.830.980.721.00.860.880.630.990.940.950.920.150.980.410.97
0.970.950.980.960.910.930.370.10.910.960.910.970.720.950.870.80.730.960.910.970.90.040.950.480.93
0.960.940.980.950.890.920.490.280.960.950.960.960.750.940.930.820.810.960.891.00.890.10.930.590.9
0.990.970.960.950.980.970.270.030.850.990.851.00.750.980.870.910.620.980.980.970.97-0.020.990.390.99
0.960.940.910.890.980.940.18-0.10.770.970.770.970.750.950.810.910.50.951.00.910.97-0.10.970.280.98
0.991.00.930.920.970.940.210.020.790.990.790.970.711.00.840.880.580.990.940.930.910.150.980.370.97
0.290.260.370.490.270.180.210.730.640.260.640.270.650.250.520.190.80.30.210.450.20.350.190.90.14
0.070.070.10.280.03-0.10.020.730.420.040.420.050.20.060.420.050.650.1-0.080.25-0.040.43-0.020.76-0.08
0.860.830.910.960.850.770.790.640.420.841.00.860.730.830.870.740.860.860.780.950.780.130.810.670.78
1.00.990.960.950.990.970.990.260.040.840.841.00.741.00.870.90.620.990.970.960.950.060.990.40.99
0.860.830.910.960.850.770.790.640.421.00.840.860.730.830.870.740.860.860.780.950.780.130.810.670.78
1.00.980.970.961.00.970.970.270.050.861.00.860.740.990.880.890.650.990.960.970.950.00.990.410.98
0.750.720.720.750.750.750.710.650.20.730.740.730.740.730.730.710.710.740.760.770.730.050.710.690.71
1.01.00.950.940.980.951.00.250.060.831.00.830.990.730.860.890.630.990.950.960.920.120.990.410.97
0.880.860.870.930.870.810.840.520.420.870.870.870.880.730.860.760.810.880.820.930.830.120.840.650.81
0.90.880.80.820.910.910.880.190.050.740.90.740.890.710.890.760.490.890.90.860.89-0.080.910.290.91
0.650.630.730.810.620.50.580.80.650.860.620.860.650.710.630.810.490.650.50.780.520.230.580.880.53
1.00.990.960.960.980.950.990.30.10.860.990.860.990.740.990.880.890.650.950.970.940.110.980.430.97
0.960.940.910.890.981.00.940.21-0.080.780.970.780.960.760.950.820.90.50.950.910.97-0.110.970.310.98
0.970.950.971.00.970.910.930.450.250.950.960.950.970.770.960.930.860.780.970.910.910.090.950.550.92
0.950.920.90.890.970.970.910.2-0.040.780.950.780.950.730.920.830.890.520.940.970.91-0.160.960.30.97
0.060.150.040.1-0.02-0.10.150.350.430.130.060.130.00.050.120.12-0.080.230.11-0.110.09-0.16-0.030.33-0.07
0.990.980.950.930.990.970.980.19-0.020.810.990.810.990.710.990.840.910.580.980.970.950.96-0.030.341.0
0.420.410.480.590.390.280.370.90.760.670.40.670.410.690.410.650.290.880.430.310.550.30.330.340.28
0.980.970.930.90.990.980.970.14-0.080.780.990.780.980.710.970.810.910.530.970.980.920.97-0.071.00.28
Click cells to compare fundamentals

Ritchie Bros Account Relationship Matchups

Ritchie Bros fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2B2.4B3.6B2.9B12.0B12.6B
Short Long Term Debt Total666.5M682.9M1.8B626.0M4.6B4.8B
Other Current Liab284.0M231.3M298.5M467.0M961.6M1.0B
Total Current Liabilities501.3M514.6M588.4M795.3M1.3B1.4B
Total Stockholder Equity901.8M1.0B1.1B1.3B5.0B5.3B
Property Plant And Equipment Net484.5M492.1M449.1M459.1M2.7B2.8B
Net Debt290.5M387.0M1.4B116.3M4.0B4.2B
Retained Earnings714.1M791.9M839.6M1.0B918.5M468.4M
Accounts Payable194.3M243.8M280.3M294.8M138.9M118.7M
Cash359.7M278.8M326.1M494.3M576.2M605.0M
Non Current Assets Total1.5B1.8B2.8B1.9B10.2B10.7B
Cash And Short Term Investments359.7M278.8M326.1M494.3M576.2M605.0M
Net Receivables144.2M136.3M166.4M185.8M741.5M778.6M
Common Stock Shares Outstanding109.8M110.3M111.4M111.9M168.2M117.7M
Liabilities And Stockholders Equity2.2B2.4B3.6B2.9B12.0B12.6B
Non Current Liabilities Total821.2M824.6M1.9B778.4M5.7B6.0B
Inventory65.0M86.3M102.5M103.1M166.5M174.8M
Other Current Assets50.2M27.3M64.3M48.3M329.8M346.3M
Other Stockholder Equity52.1M49.2M59.5M85.3M88M56.4M
Total Liab1.3B1.3B2.5B1.6B7.0B7.4B
Property Plant And Equipment Gross600.7M608.6M449.1M459.1M2.4B2.5B
Total Current Assets679.6M556.8M762.2M963.1M1.8B1.9B
Accumulated Other Comprehensive Income(59.1M)(34.3M)(56.0M)(85.1M)(44M)(41.8M)
Short Term Debt23.0M39.5M9.6M33.5M170.3M178.8M
Non Currrent Assets Other141.4M147.6M1.1B163.4M86.2M96.0M
Intangible Assets233.4M300.9M350.5M322.7M2.9B3.1B
Common Stock Total Equity138.6M181.8M194.8M200.5M230.5M134.8M
Common Stock194.8M200.5M227.5M246.3M4.1B4.3B
Current Deferred Revenue(5.7M)35.2M296.5M7.7M17.5M16.6M
Good Will672.3M840.6M947.7M948.8M4.5B4.8B
Other Liab66.3M68.3M75.6M74.0M85.1M67.3M
Net Tangible Assets(8.7M)(140.3M)(232.4M)14.1M12.6M12.0M
Other Assets39.2M44.6M969.0M22.6M26.0M24.7M
Long Term Debt627.2M626.3M1.7B577.1M2.3B2.4B
Long Term Investments4.0M4.3M0.01.5M9.7M5.0M
Short Long Term Debt23.0M39.5M9.6M33.5M21.0M40.1M
Property Plant Equipment595.8M602.7M558.7M582.1M669.4M611.5M
Deferred Long Term Liab1.4M2.3M5.2M3.9M3.5M3.3M
Long Term Debt Total643.5M643.4M1.7B592.5M681.3M796.1M
Capital Surpluse52.1M49.2M59.5M85.3M98.1M54.9M

Pair Trading with Ritchie Bros

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ritchie Bros position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ritchie Bros will appreciate offsetting losses from the drop in the long position's value.

Moving against Ritchie Stock

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The ability to find closely correlated positions to Ritchie Bros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ritchie Bros when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ritchie Bros - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ritchie Bros Auctioneers to buy it.
The correlation of Ritchie Bros is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ritchie Bros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ritchie Bros Auctioneers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ritchie Bros can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Ritchie Stock

Balance Sheet is a snapshot of the financial position of Ritchie Bros Auctioneers at a specified time, usually calculated after every quarter, six months, or one year. Ritchie Bros Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ritchie Bros and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ritchie currently owns. An asset can also be divided into two categories, current and non-current.