Remitly Accounts Payable vs Intangible Assets Analysis
| RELY Stock | USD 20.74 0.62 2.90% |
Remitly Global financial indicator trend analysis is much more than just breaking down Remitly Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Remitly Global is a good investment. Please check the relationship between Remitly Global Accounts Payable and its Intangible Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Remitly Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.
Accounts Payable vs Intangible Assets
Accounts Payable vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Remitly Global Accounts Payable account and Intangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Remitly Global's Accounts Payable and Intangible Assets is 0.27. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Remitly Global, assuming nothing else is changed. The correlation between historical values of Remitly Global's Accounts Payable and Intangible 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 Accounts Payable of Remitly Global are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Accounts Payable i.e., Remitly Global's Accounts Payable and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.27 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Accounts Payable
An accounting item on the balance sheet that represents Remitly Global 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 Remitly Global 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.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Remitly Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Remitly Global 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 Remitly Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy Remitly Stock please use our How to Invest in Remitly Global guide.At this time, Remitly Global's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 6.2 M in 2024, despite the fact that Enterprise Value Over EBITDA is likely to grow to (32.80).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 458.6M | 653.6M | 944.3M | 558.5M | Interest Expense | 1.3M | 1.3M | 2.4M | 2.2M |
Remitly Global fundamental ratios Correlations
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Remitly Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Remitly Global's price analysis, check to measure Remitly Global's 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 Remitly Global is operating at the current time. Most of Remitly Global's value examination focuses on studying past and present price action to predict the probability of Remitly Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Remitly Global's price. Additionally, you may evaluate how the addition of Remitly Global to your portfolios can decrease your overall portfolio volatility.