Remitly Total Stockholder Equity vs Total 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 Total Stockholder Equity and its Total 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.

Total Stockholder Equity vs Total Assets

Total Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Remitly Global Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Remitly Global's Total Stockholder Equity and Total Assets is 0.33. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total 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 Total Stockholder Equity and Total 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 Total Stockholder Equity of Remitly Global are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., Remitly Global's Total Stockholder Equity and Total Assets go up and down completely randomly.

Correlation Coefficient

0.33
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Assets

Total assets refers to the total amount of Remitly Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Remitly Global books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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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