Rochester Short Long Term Debt vs Net Tangible Assets Analysis

RCT Stock  CAD 0.03  0.01  50.00%   
Rochester Resources financial indicator trend analysis is much more than just breaking down Rochester Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rochester Resources is a good investment. Please check the relationship between Rochester Resources Short Long Term Debt and its Net Tangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rochester 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.

Short Long Term Debt vs Net Tangible Assets

Short Long Term Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rochester Resources Short Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Rochester Resources' Short Long Term Debt and Net Tangible Assets is 0.57. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Rochester Resources, assuming nothing else is changed. The correlation between historical values of Rochester Resources' Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Rochester Resources are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., Rochester Resources' Short Long Term Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

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.
Most indicators from Rochester Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rochester 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 Rochester 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 drop to about 649.6 K in 2024

Rochester Resources fundamental ratios Correlations

-0.330.780.820.78-0.09-0.40.760.130.29-0.370.250.42-0.290.990.150.25-0.22-0.550.460.150.590.68-0.540.64-0.22
-0.33-0.6-0.65-0.530.160.38-0.030.350.670.690.660.21-0.53-0.37-0.010.660.170.550.24-0.010.220.330.46-0.65-0.06
0.78-0.60.990.99-0.58-0.390.32-0.29-0.21-0.81-0.34-0.130.280.850.47-0.34-0.7-0.88-0.010.470.630.16-0.840.88-0.61
0.82-0.650.990.97-0.45-0.430.36-0.27-0.22-0.8-0.31-0.080.210.870.33-0.31-0.59-0.820.010.330.570.19-0.820.89-0.5
0.78-0.530.990.97-0.62-0.390.34-0.27-0.13-0.76-0.3-0.110.250.860.55-0.3-0.73-0.890.00.550.690.21-0.830.87-0.65
-0.090.16-0.58-0.45-0.62-0.060.20.40.30.580.570.5-0.64-0.2-0.880.570.950.790.29-0.88-0.580.280.54-0.420.88
-0.40.38-0.39-0.43-0.39-0.06-0.20.33-0.040.31-0.070.20.22-0.440.05-0.070.070.170.20.05-0.17-0.230.38-0.50.01
0.76-0.030.320.360.340.2-0.20.630.60.160.560.8-0.520.680.00.560.17-0.210.70.00.350.84-0.050.10.15
0.130.35-0.29-0.27-0.270.40.330.630.570.590.550.85-0.430.02-0.170.550.420.250.73-0.17-0.050.530.46-0.530.37
0.290.67-0.21-0.22-0.130.3-0.040.60.570.680.90.64-0.810.230.050.90.260.30.530.050.390.840.3-0.270.08
-0.370.69-0.81-0.8-0.760.580.310.160.590.680.660.56-0.54-0.46-0.250.660.680.740.39-0.25-0.340.320.86-0.770.56
0.250.66-0.34-0.31-0.30.57-0.070.560.550.90.660.64-0.960.16-0.331.00.50.510.53-0.330.210.830.34-0.370.32
0.420.21-0.13-0.08-0.110.50.20.80.850.640.560.64-0.520.3-0.20.640.530.180.88-0.2-0.030.690.37-0.280.46
-0.29-0.530.280.210.25-0.640.22-0.52-0.43-0.81-0.54-0.96-0.52-0.210.47-0.96-0.51-0.52-0.380.47-0.19-0.81-0.260.27-0.35
0.99-0.370.850.870.86-0.2-0.440.680.020.23-0.460.160.3-0.210.240.16-0.34-0.630.350.240.650.61-0.610.73-0.32
0.15-0.010.470.330.55-0.880.050.0-0.170.05-0.25-0.33-0.20.470.24-0.33-0.79-0.68-0.051.00.58-0.06-0.360.36-0.77
0.250.66-0.34-0.31-0.30.57-0.070.560.550.90.661.00.64-0.960.16-0.330.50.510.53-0.330.210.830.34-0.370.32
-0.220.17-0.7-0.59-0.730.950.070.170.420.260.680.50.53-0.51-0.34-0.790.50.780.33-0.79-0.710.180.69-0.550.96
-0.550.55-0.88-0.82-0.890.790.17-0.210.250.30.740.510.18-0.52-0.63-0.680.510.780.06-0.68-0.57-0.010.67-0.690.66
0.460.24-0.010.010.00.290.20.70.730.530.390.530.88-0.380.35-0.050.530.330.06-0.050.090.580.19-0.20.24
0.15-0.010.470.330.55-0.880.050.0-0.170.05-0.25-0.33-0.20.470.241.0-0.33-0.79-0.68-0.050.58-0.06-0.360.36-0.77
0.590.220.630.570.69-0.58-0.170.35-0.050.39-0.340.21-0.03-0.190.650.580.21-0.71-0.570.090.580.52-0.590.45-0.81
0.680.330.160.190.210.28-0.230.840.530.840.320.830.69-0.810.61-0.060.830.18-0.010.58-0.060.520.030.020.06
-0.540.46-0.84-0.82-0.830.540.38-0.050.460.30.860.340.37-0.26-0.61-0.360.340.690.670.19-0.36-0.590.03-0.860.67
0.64-0.650.880.890.87-0.42-0.50.1-0.53-0.27-0.77-0.37-0.280.270.730.36-0.37-0.55-0.69-0.20.360.450.02-0.86-0.48
-0.22-0.06-0.61-0.5-0.650.880.010.150.370.080.560.320.46-0.35-0.32-0.770.320.960.660.24-0.77-0.810.060.67-0.48
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Rochester Resources Account Relationship Matchups

Rochester Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.5M5.5M6.1M6.0M5.6M6.5M
Total Current Liabilities26.3M25.1M27.3M14.3M18.3M17.8M
Total Stockholder Equity(24.8M)(21.2M)(23.1M)(29.0M)(34.1M)(32.4M)
Net Tangible Assets(24.8M)(21.2M)(23.1M)(29.0M)(26.1M)(24.8M)
Retained Earnings(77.6M)(75.1M)(77.8M)(83.7M)(88.8M)(93.3M)
Accounts Payable3.6M4.9M6.1M9.1M17.3M18.1M
Cash322.9K668.5K347.0K181.5K120.0K114.0K
Net Receivables758.8K1.4M1.3M1.8M1.8M1.2M
Other Current Assets30.9K18.9K50.0K42.2K48.5K31.5K
Total Liab27.4M26.6M29.2M35.0M39.8M22.3M
Total Current Assets1.8M3.6M3.8M4.1M4.2M2.9M
Property Plant Equipment728.0K1.9M2.3M1.9M1.7M1.6M
Other Liab1.1M1.3M1.5M2.5M2.9M3.0M
Inventory365.9K928.5K1.3M1.1M788.2K782.5K
Other Current Liab3.8M2.4M3.0M4.4M5.0M2.7M
Non Current Liabilities Total1.1M1.5M1.8M20.7M21.5M22.6M
Non Current Assets Total728.0K1.9M2.3M1.9M1.4M1.5M
Net Invested Capital(20.3M)(16.8M)(19.2M)(19.0M)(33.5M)(31.9M)
Net Working Capital(24.5M)(21.5M)(23.5M)(10.2M)(14.0M)(14.8M)
Net Debt4.3M3.7M3.5M9.8M469.9K446.4K

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