Reliance Accounts Payable vs Cash And Short Term Investments Analysis

RELIANCE

1,225 7.65 0.63%

Reliance Industries financial indicator trend analysis is much more than just breaking down Reliance Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Industries is a good investment. Please check the relationship between Reliance Industries Accounts Payable and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Industries Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Industries Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Reliance Industries' Accounts Payable and Cash And Short Term Investments is 0.94. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Reliance Industries Limited, assuming nothing else is changed. The correlation between historical values of Reliance Industries' Accounts Payable and Cash 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 Reliance Industries Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Reliance Industries' Accounts Payable and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Reliance Industries 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 Reliance Industries 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Reliance Industries balance sheet. This account contains Reliance Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Reliance Industries Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Reliance Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance 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 Reliance Industries Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 195 B, whereas Tax Provision is forecasted to decline to about 154 B.

	2022	2023	2024	2025 (projected)
Interest Expense	195.7B	219.4B	252.3B	264.9B
Depreciation And Amortization	403.0B	508.3B	584.6B	613.8B

Interest Expense Depreciation And Amortization

Reliance Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt	Current Deferred Revenue
Total Assets		0.96	0.46	0.94	0.99	0.98	0.71	0.92	0.98	0.72	1.0	0.77	0.96	0.76	0.88	0.93	0.98	0.96	0.87	0.18	0.97	0.98	0.94	0.8	0.79	0.0
Short Long Term Debt Total	0.96		0.65	0.99	0.9	0.96	0.83	0.78	0.93	0.62	0.96	0.67	0.87	0.72	0.79	0.88	0.97	0.88	0.81	0.14	0.99	0.9	0.87	0.81	0.86	-0.02
Other Current Liab	0.46	0.65		0.72	0.35	0.56	0.86	0.13	0.41	-0.09	0.51	-0.01	0.25	0.21	0.28	0.46	0.51	0.27	0.43	-0.05	0.62	0.31	0.28	0.64	0.74	0.08
Total Current Liabilities	0.94	0.99	0.72		0.87	0.96	0.84	0.75	0.92	0.57	0.95	0.62	0.83	0.7	0.76	0.86	0.95	0.85	0.8	0.09	0.99	0.87	0.84	0.82	0.88	0.0
Total Stockholder Equity	0.99	0.9	0.35	0.87		0.94	0.64	0.95	0.96	0.73	0.98	0.77	0.97	0.75	0.89	0.95	0.94	0.94	0.89	0.2	0.91	0.98	0.92	0.78	0.74	-0.02
Property Plant And Equipment Net	0.98	0.96	0.56	0.96	0.94		0.74	0.87	0.97	0.67	0.99	0.74	0.91	0.72	0.84	0.9	0.98	0.93	0.83	0.13	0.98	0.94	0.92	0.78	0.79	0.1
Net Debt	0.71	0.83	0.86	0.84	0.64	0.74		0.43	0.66	0.15	0.74	0.22	0.54	0.43	0.59	0.73	0.72	0.54	0.66	0.09	0.78	0.59	0.54	0.88	0.89	0.06
Retained Earnings	0.92	0.78	0.13	0.75	0.95	0.87	0.43		0.9	0.83	0.9	0.85	0.95	0.72	0.89	0.84	0.88	0.95	0.77	0.23	0.82	0.96	0.95	0.63	0.61	-0.02
Accounts Payable	0.98	0.93	0.41	0.92	0.96	0.97	0.66	0.9		0.75	0.98	0.8	0.94	0.79	0.86	0.88	0.97	0.96	0.81	0.17	0.96	0.96	0.94	0.77	0.73	0.09
Cash	0.72	0.62	-0.09	0.57	0.73	0.67	0.15	0.83	0.75		0.69	0.97	0.84	0.73	0.76	0.53	0.74	0.86	0.52	0.22	0.66	0.81	0.84	0.36	0.38	-0.22
Non Current Assets Total	1.0	0.96	0.51	0.95	0.98	0.99	0.74	0.9	0.98	0.69		0.74	0.94	0.74	0.86	0.93	0.98	0.94	0.86	0.17	0.98	0.96	0.93	0.8	0.8	0.02
Non Currrent Assets Other	0.77	0.67	-0.01	0.62	0.77	0.74	0.22	0.85	0.8	0.97	0.74		0.87	0.71	0.76	0.6	0.78	0.87	0.56	0.17	0.71	0.83	0.85	0.4	0.4	-0.14
Cash And Short Term Investments	0.96	0.87	0.25	0.83	0.97	0.91	0.54	0.95	0.94	0.84	0.94	0.87		0.79	0.9	0.9	0.92	0.96	0.86	0.18	0.89	0.99	0.93	0.7	0.69	-0.12
Net Receivables	0.76	0.72	0.21	0.7	0.75	0.72	0.43	0.72	0.79	0.73	0.74	0.71	0.79		0.7	0.65	0.76	0.81	0.75	0.2	0.74	0.81	0.73	0.65	0.61	-0.08
Common Stock Shares Outstanding	0.88	0.79	0.28	0.76	0.89	0.84	0.59	0.89	0.86	0.76	0.86	0.76	0.9	0.7		0.81	0.84	0.89	0.77	0.26	0.81	0.9	0.87	0.77	0.73	-0.11
Short Term Investments	0.93	0.88	0.46	0.86	0.95	0.9	0.73	0.84	0.88	0.53	0.93	0.6	0.9	0.65	0.81		0.86	0.83	0.94	0.1	0.87	0.92	0.79	0.82	0.79	-0.01
Non Current Liabilities Total	0.98	0.97	0.51	0.95	0.94	0.98	0.72	0.88	0.97	0.74	0.98	0.78	0.92	0.76	0.84	0.86		0.95	0.79	0.16	0.99	0.95	0.95	0.75	0.78	0.05
Inventory	0.96	0.88	0.27	0.85	0.94	0.93	0.54	0.95	0.96	0.86	0.94	0.87	0.96	0.81	0.89	0.83	0.95		0.76	0.21	0.91	0.98	0.99	0.68	0.69	-0.01
Other Current Assets	0.87	0.81	0.43	0.8	0.89	0.83	0.66	0.77	0.81	0.52	0.86	0.56	0.86	0.75	0.77	0.94	0.79	0.76		0.15	0.8	0.87	0.7	0.82	0.76	-0.06
Other Stockholder Equity	0.18	0.14	-0.05	0.09	0.2	0.13	0.09	0.23	0.17	0.22	0.17	0.17	0.18	0.2	0.26	0.1	0.16	0.21	0.15		0.13	0.18	0.28	0.1	0.08	0.18
Total Liab	0.97	0.99	0.62	0.99	0.91	0.98	0.78	0.82	0.96	0.66	0.98	0.71	0.89	0.74	0.81	0.87	0.99	0.91	0.8	0.13		0.92	0.91	0.8	0.84	0.02
Total Current Assets	0.98	0.9	0.31	0.87	0.98	0.94	0.59	0.96	0.96	0.81	0.96	0.83	0.99	0.81	0.9	0.92	0.95	0.98	0.87	0.18	0.92		0.95	0.75	0.74	-0.05
Intangible Assets	0.94	0.87	0.28	0.84	0.92	0.92	0.54	0.95	0.94	0.84	0.93	0.85	0.93	0.73	0.87	0.79	0.95	0.99	0.7	0.28	0.91	0.95		0.63	0.66	0.04
Common Stock	0.8	0.81	0.64	0.82	0.78	0.78	0.88	0.63	0.77	0.36	0.8	0.4	0.7	0.65	0.77	0.82	0.75	0.68	0.82	0.1	0.8	0.75	0.63		0.91	-0.04
Short Term Debt	0.79	0.86	0.74	0.88	0.74	0.79	0.89	0.61	0.73	0.38	0.8	0.4	0.69	0.61	0.73	0.79	0.78	0.69	0.76	0.08	0.84	0.74	0.66	0.91		-0.24
Current Deferred Revenue	0.0	-0.02	0.08	0.0	-0.02	0.1	0.06	-0.02	0.09	-0.22	0.02	-0.14	-0.12	-0.08	-0.11	-0.01	0.05	-0.01	-0.06	0.18	0.02	-0.05	0.04	-0.04	-0.24

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Reliance Industries Account Relationship Matchups

Reliance Industries fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	13.2T	15.0T	16.1T	17.6T	20.2T	21.2T
Short Long Term Debt Total	2.6T	2.8T	3.3T	3.5T	4.0T	4.2T
Other Current Liab	791.8B	680.6B	1.1T	850.3B	977.9B	673.0B
Total Current Liabilities	2.8T	3.1T	4.0T	4.0T	4.6T	4.8T
Total Stockholder Equity	7.0T	7.8T	7.2T	7.9T	9.1T	9.6T
Property Plant And Equipment Net	5.2T	5.7T	6.9T	7.6T	8.7T	9.2T
Net Debt	2.4T	2.3T	2.8T	2.5T	2.9T	1.5T
Retained Earnings	2.0T	2.5T	3.0T	3.4T	3.9T	4.1T
Accounts Payable	1.1T	1.6T	1.5T	1.8T	2.1T	2.2T
Cash	145.1B	335.1B	341.6B	972.3B	1.1T	1.2T
Non Current Assets Total	9.5T	11.5T	11.8T	12.9T	14.8T	15.5T
Non Currrent Assets Other	358.9B	433.7B	257.8B	1.6T	1.9T	2.0T
Cash And Short Term Investments	1.7T	1.5T	1.6T	2.2T	2.5T	2.6T
Net Receivables	190.1B	236.4B	284.5B	316.3B	363.7B	381.9B
Common Stock Shares Outstanding	13.1B	13.4B	13.5B	13.5B	15.6B	13.4B
Short Term Investments	1.6T	1.2T	1.3T	1.2T	1.4T	1.4T
Liabilities And Stockholders Equity	13.2T	15.0T	16.1T	17.6T	20.2T	21.2T
Non Current Liabilities Total	2.4T	3.0T	3.8T	4.3T	5.0T	5.2T
Inventory	816.7B	1.1T	1.4T	1.5T	1.8T	1.8T
Other Current Assets	1.0T	713.1B	697.0B	699.6B	804.5B	844.8B
Other Stockholder Equity	745.1B	1.1T	997.9B	998.0B	1.1T	763.0B
Total Liab	5.2T	6.1T	7.8T	8.3T	9.5T	10.0T
Total Current Assets	3.7T	3.5T	4.3T	4.7T	5.4T	5.7T
Accumulated Other Comprehensive Income	4.2T	4.1T	3.1T	3.5T	4.0T	4.2T
Intangible Assets	1.3T	2.2T	3.2T	3.5T	4.0T	4.2T
Common Stock	63.4B	64.5B	67.7B	67.7B	77.8B	41.6B
Short Term Debt	894.9B	812.7B	1.3T	1.1T	1.2T	742.2B
Current Deferred Revenue	461.4B	464.8B	707.0B	278.7B	320.5B	541.7B
Other Liab	865.1B	735.8B	1.0T	1.8T	2.1T	2.2T
Net Tangible Assets	3.0T	5.6T	5.5T	6.9T	7.9T	8.3T
Other Assets	620.4B	686.1B	535.2B	425.2B	489.0B	361.4B
Long Term Debt	1.6T	1.9T	1.8T	2.2T	2.6T	1.8T
Short Long Term Debt	600.8B	786.1B	1.3T	1.0T	1.2T	876.2B
Property Plant Equipment	5.0T	5.2T	5.7T	6.9T	7.9T	4.7T
Good Will	102.1B	130.1B	152.7B	149.9B	172.4B	105.7B
Long Term Debt Total	2.1T	1.7T	2.0T	2.0T	2.3T	2.0T
Capital Surpluse	614.0B	1.1T	1.1T	997.9B	1.1T	768.8B
Capital Lease Obligations	83.1B	156.7B	204.3B	215.2B	247.5B	136.8B
Non Current Liabilities Other	193.4B	377.9B	1.1T	1.1T	1.3T	1.4T

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Other Information on Investing in Reliance Stock

Balance Sheet is a snapshot of the financial position of Reliance Industries at a specified time, usually calculated after every quarter, six months, or one year. Reliance Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Reliance Industries 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 Reliance currently owns. An asset can also be divided into two categories, current and non-current.

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Reliance Accounts Payable vs Cash And Short Term Investments Analysis

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Accounts Payable

Cash And Short Term Investments

Reliance Industries fundamental ratios Correlations

Reliance Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Industries fundamental ratios Accounts

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Other Information on Investing in Reliance Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Current Deferred Revenue	- 0.24	Short Term Debt
Current Deferred Revenue	- 0.22	Cash
Current Deferred Revenue	- 0.14	Non Currrent Assets Other
Current Deferred Revenue	- 0.12	Cash And Short Term Investments
Current Deferred Revenue	- 0.11	Common Stock Shares Outstanding
Cash	- 0.09	Other Current Liab