Remitly Cash And Short Term Investments vs Net Debt 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 Cash And Short Term Investments and its Net Debt 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.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Remitly Global Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Remitly Global's Cash And Short Term Investments and Net Debt is -0.67. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt 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 Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Remitly Global are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Remitly Global's Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Remitly Global balance sheet. This account contains Remitly Global investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Remitly Global 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.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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 Revenue458.6M653.6M944.3M558.5M
Interest Expense1.3M1.3M2.4M2.2M

Remitly Global fundamental ratios Correlations

0.830.810.330.960.590.620.080.990.080.56-0.10.99-0.040.930.870.26-0.07-0.010.2-0.050.03-0.08-0.13-0.13-0.1
0.830.680.140.750.850.43-0.170.8-0.180.91-0.110.84-0.110.740.790.020.320.410.29-0.060.43-0.21-0.06-0.09-0.19
0.810.680.530.690.30.350.370.720.370.490.20.770.480.710.660.380.120.090.130.480.130.410.40.40.46
0.330.140.530.29-0.360.290.890.240.890.050.510.240.730.220.020.67-0.31-0.32-0.260.540.010.710.550.420.61
0.960.750.690.290.530.740.10.980.10.45-0.240.97-0.170.950.830.3-0.2-0.120.0-0.25-0.11-0.21-0.28-0.21-0.24
0.590.850.3-0.360.530.2-0.660.62-0.670.83-0.310.65-0.510.540.73-0.370.460.560.51-0.350.46-0.59-0.36-0.39-0.53
0.620.430.350.290.740.20.270.680.260.09-0.590.62-0.260.80.40.58-0.59-0.49-0.39-0.44-0.34-0.14-0.45-0.12-0.31
0.08-0.170.370.890.1-0.660.270.01.0-0.270.37-0.010.760.06-0.230.75-0.42-0.48-0.580.51-0.270.750.560.590.68
0.990.80.720.240.980.620.680.0-0.010.51-0.220.99-0.190.950.860.24-0.15-0.070.19-0.19-0.04-0.19-0.29-0.25-0.23
0.08-0.180.370.890.1-0.670.261.0-0.01-0.280.37-0.020.760.05-0.230.75-0.42-0.49-0.570.51-0.280.750.560.590.69
0.560.910.490.050.450.830.09-0.270.51-0.280.090.57-0.030.40.61-0.210.610.690.390.060.7-0.20.11-0.03-0.13
-0.1-0.110.20.51-0.24-0.31-0.590.37-0.220.370.09-0.170.73-0.41-0.18-0.10.250.180.290.770.360.610.720.240.67
0.990.840.770.240.970.650.62-0.010.99-0.020.57-0.17-0.130.940.890.21-0.040.020.22-0.130.03-0.17-0.21-0.18-0.18
-0.04-0.110.480.73-0.17-0.51-0.260.76-0.190.76-0.030.73-0.13-0.2-0.230.380.09-0.02-0.140.930.140.920.930.760.97
0.930.740.710.220.950.540.80.060.950.050.4-0.410.94-0.20.780.38-0.25-0.180.02-0.24-0.16-0.16-0.3-0.14-0.22
0.870.790.660.020.830.730.4-0.230.86-0.230.61-0.180.89-0.230.78-0.040.250.340.29-0.180.23-0.34-0.19-0.13-0.25
0.260.020.380.670.3-0.370.580.750.240.75-0.21-0.10.210.380.38-0.04-0.58-0.58-0.460.18-0.40.50.160.440.37
-0.070.320.12-0.31-0.20.46-0.59-0.42-0.15-0.420.610.25-0.040.09-0.250.25-0.580.970.340.230.65-0.170.40.270.08
-0.010.410.09-0.32-0.120.56-0.49-0.48-0.07-0.490.690.180.02-0.02-0.180.34-0.580.970.360.110.75-0.280.270.18-0.05
0.20.290.13-0.260.00.51-0.39-0.580.19-0.570.390.290.22-0.140.020.29-0.460.340.360.180.43-0.06-0.06-0.39-0.07
-0.05-0.060.480.54-0.25-0.35-0.440.51-0.190.510.060.77-0.130.93-0.24-0.180.180.230.110.180.30.880.890.640.96
0.030.430.130.01-0.110.46-0.34-0.27-0.04-0.280.70.360.030.14-0.160.23-0.40.650.750.430.3-0.010.290.070.1
-0.08-0.210.410.71-0.21-0.59-0.140.75-0.190.75-0.20.61-0.170.92-0.16-0.340.5-0.17-0.28-0.060.88-0.010.780.660.94
-0.13-0.060.40.55-0.28-0.36-0.450.56-0.290.560.110.72-0.210.93-0.3-0.190.160.40.27-0.060.890.290.780.790.89
-0.13-0.090.40.42-0.21-0.39-0.120.59-0.250.59-0.030.24-0.180.76-0.14-0.130.440.270.18-0.390.640.070.660.790.77
-0.1-0.190.460.61-0.24-0.53-0.310.68-0.230.69-0.130.67-0.180.97-0.22-0.250.370.08-0.05-0.070.960.10.940.890.77
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Remitly Global Account Relationship Matchups

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