Rectitude Accounts Payable vs Short Term Investments Analysis
| RECT Stock | 4.05 0.30 8.00% |
Rectitude Holdings financial indicator trend analysis is much more than just breaking down Rectitude Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rectitude Holdings is a good investment. Please check the relationship between Rectitude Holdings Accounts Payable and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rectitude Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Accounts Payable vs Short Term Investments
Accounts Payable vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rectitude Holdings Accounts Payable account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rectitude Holdings' Accounts Payable and Short Term Investments is 0.6. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Rectitude Holdings Ltd, assuming nothing else is changed. The correlation between historical values of Rectitude Holdings' Accounts Payable and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Rectitude Holdings Ltd are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Accounts Payable i.e., Rectitude Holdings' Accounts Payable and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.6 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Rectitude Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Rectitude Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Short Term Investments
Short Term Investments is an item under the current assets section of Rectitude Holdings balance sheet. It contains any investments Rectitude Holdings Ltd undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Rectitude Holdings can easily liquidate in the marketplace.Most indicators from Rectitude Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rectitude Holdings 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 Rectitude Holdings Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Rectitude Holdings' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 18.57 in 2024, whereas Tax Provision is likely to drop slightly above 770.6 K in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 119.2K | 142.5K | 214.5K | 174.6K | Depreciation And Amortization | 1.1M | 522.6K | 1.5M | 1.1M |
Rectitude Holdings fundamental ratios Correlations
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Rectitude Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Rectitude Stock Analysis
When running Rectitude Holdings' price analysis, check to measure Rectitude Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rectitude Holdings is operating at the current time. Most of Rectitude Holdings' value examination focuses on studying past and present price action to predict the probability of Rectitude Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rectitude Holdings' price. Additionally, you may evaluate how the addition of Rectitude Holdings to your portfolios can decrease your overall portfolio volatility.