RITES Cash vs Total Assets Analysis

RITES Stock   296.45  2.30  0.77%   
RITES financial indicator trend analysis is much more than just breaking down RITES Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RITES Limited is a good investment. Please check the relationship between RITES Cash and its Total Assets accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RITES 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 state.

Cash vs Total Assets

Cash vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RITES Limited Cash account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between RITES's Cash and Total Assets is 0.95. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Assets in the same time period over historical financial statements of RITES Limited, assuming nothing else is changed. The correlation between historical values of RITES's Cash 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 Cash of RITES Limited 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 Cash i.e., RITES's Cash and Total Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of RITES Limited, which is listed under current asset account on RITES Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from RITES customers. The amounts must be unrestricted with restricted cash listed in a different RITES account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Assets

Total assets refers to the total amount of RITES 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 RITES Limited 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 RITES's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RITES Limited 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 RITES 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 state.
As of the 14th of December 2024, Tax Provision is likely to grow to about 2.1 B, while Selling General Administrative is likely to drop about 104.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense46.3M70.4M47.1M58.9M
Depreciation And Amortization656.1M666.9M606.6M463.5M

RITES fundamental ratios Correlations

0.130.980.980.990.960.21-0.920.50.950.59-0.440.970.890.230.940.450.370.64-0.290.981.0-0.47-0.260.95-0.68
0.130.150.080.140.080.370.1-0.380.05-0.190.190.21-0.02-0.240.280.630.050.05-0.160.120.160.17-0.2-0.010.26
0.980.150.980.950.920.23-0.890.40.920.52-0.380.970.850.190.960.470.310.62-0.280.980.98-0.43-0.390.93-0.72
0.980.080.980.940.930.26-0.910.550.920.57-0.480.950.840.170.930.420.470.68-0.211.00.98-0.44-0.340.93-0.71
0.990.140.950.940.960.15-0.910.450.930.6-0.40.950.910.30.920.410.270.59-0.370.940.98-0.46-0.190.93-0.65
0.960.080.920.930.960.09-0.870.590.890.7-0.420.880.950.40.840.380.330.58-0.250.930.94-0.52-0.080.93-0.56
0.210.370.230.260.150.09-0.270.040.33-0.22-0.590.30.01-0.720.280.30.480.760.020.270.250.07-0.360.11-0.19
-0.920.1-0.89-0.91-0.91-0.87-0.27-0.55-0.99-0.570.52-0.91-0.84-0.09-0.84-0.4-0.31-0.70.15-0.9-0.920.540.22-0.890.7
0.5-0.380.40.550.450.590.04-0.550.490.56-0.650.380.580.20.310.030.560.540.00.530.47-0.530.080.51-0.27
0.950.050.920.920.930.890.33-0.990.490.55-0.480.950.840.060.890.50.310.71-0.180.930.94-0.52-0.250.89-0.66
0.59-0.190.520.570.60.7-0.22-0.570.560.55-0.170.430.670.420.360.040.160.230.160.550.51-0.220.260.57-0.11
-0.440.19-0.38-0.48-0.4-0.42-0.590.52-0.65-0.48-0.17-0.38-0.440.3-0.320.01-0.57-0.910.32-0.46-0.450.330.16-0.380.39
0.970.210.970.950.950.880.3-0.910.380.950.43-0.380.80.090.990.550.310.64-0.310.960.98-0.43-0.390.9-0.72
0.89-0.020.850.840.910.950.01-0.840.580.840.67-0.440.80.440.760.360.10.54-0.360.830.87-0.570.030.87-0.51
0.23-0.240.190.170.30.4-0.72-0.090.20.060.420.30.090.440.11-0.26-0.21-0.37-0.140.140.2-0.190.420.39-0.12
0.940.280.960.930.920.840.28-0.840.310.890.36-0.320.990.760.110.560.30.58-0.360.940.96-0.38-0.440.87-0.72
0.450.630.470.420.410.380.3-0.40.030.50.040.010.550.36-0.260.56-0.010.26-0.10.490.48-0.29-0.240.3-0.02
0.370.050.310.470.270.330.48-0.310.560.310.16-0.570.310.1-0.210.3-0.010.60.130.460.37-0.09-0.270.34-0.3
0.640.050.620.680.590.580.76-0.70.540.710.23-0.910.640.54-0.370.580.260.6-0.230.680.66-0.34-0.320.55-0.51
-0.29-0.16-0.28-0.21-0.37-0.250.020.150.0-0.180.160.32-0.31-0.36-0.14-0.36-0.10.13-0.23-0.21-0.330.00.04-0.250.25
0.980.120.981.00.940.930.27-0.90.530.930.55-0.460.960.830.140.940.490.460.68-0.210.98-0.45-0.340.92-0.69
1.00.160.980.980.980.940.25-0.920.470.940.51-0.450.980.870.20.960.480.370.66-0.330.98-0.47-0.310.94-0.71
-0.470.17-0.43-0.44-0.46-0.520.070.54-0.53-0.52-0.220.33-0.43-0.57-0.19-0.38-0.29-0.09-0.340.0-0.45-0.470.25-0.450.41
-0.26-0.2-0.39-0.34-0.19-0.08-0.360.220.08-0.250.260.16-0.390.030.42-0.44-0.24-0.27-0.320.04-0.34-0.310.25-0.220.46
0.95-0.010.930.930.930.930.11-0.890.510.890.57-0.380.90.870.390.870.30.340.55-0.250.920.94-0.45-0.22-0.67
-0.680.26-0.72-0.71-0.65-0.56-0.190.7-0.27-0.66-0.110.39-0.72-0.51-0.12-0.72-0.02-0.3-0.510.25-0.69-0.710.410.46-0.67
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RITES Account Relationship Matchups

RITES fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.0B58.3B58.2B59.7B56.6B54.6B
Short Long Term Debt Total474.7M365.5M275.9M54.2M80M76M
Other Current Liab27.0B25.2B27.5B26.3B25.2B25.3B
Total Current Liabilities28.9B30.9B30.1B29.5B27.4B27.7B
Total Stockholder Equity26.3B23.9B24.9B26.0B26.1B23.5B
Property Plant And Equipment Net5.9B6.0B6.2B6.5B7.0B5.0B
Current Deferred Revenue27.4B28.0B27.8B25.8B640.6M608.6M
Net Debt(8.3B)(7.8B)(7.8B)(10.4B)(6.5B)(6.9B)
Accounts Payable1.4B3.0B1.8B3.0B2.2B1.8B
Cash8.8B8.1B8.1B10.5B6.6B7.0B
Non Current Assets Total9.0B10.2B11.6B11.4B11.5B10.9B
Non Currrent Assets Other1.2B2.2B2.7B3.5B27.2B28.6B
Cash And Short Term Investments37.4B34.7B33.7B37.9B31.4B33.4B
Net Receivables11.5B8.1B9.9B12.0B12.2B8.8B
Short Term Investments28.6B26.6B25.7B27.4B24.8B26.3B
Liabilities And Stockholders Equity59.0B58.3B58.2B59.7B56.6B54.6B
Non Current Liabilities Total2.9B2.6B2.1B3.0B2.0B2.8B
Inventory106.7M2.9B1.2B309.1M49.3M46.8M
Other Current Assets28.3B28.2B29.6B28.7B922.7M876.6M
Other Stockholder Equity(47.3B)16.2B16.2B16.2B(7.4B)(7.1B)
Total Liab31.9B33.5B32.3B32.5B29.4B30.4B
Total Current Assets50.1B48.1B46.6B48.3B45.1B43.7B
Accumulated Other Comprehensive Income(1.9B)16.2B16.2B16.2B16.2B17.1B
Short Term Debt105M97.4M99.4M(177.8M)16.2M15.4M
Intangible Assets41.9M40.2M26.1M42.7M56.7M32.0M
Retained Earnings4.7B5.3B6.2B7.4B7.4B7.2B
Other Liab1.9B2.8B2.3B2.0B2.3B2.5B
Net Tangible Assets24.2B26.3B23.9B24.9B28.6B24.3B
Other Assets1.7B2.4B3.1B2.0B2.3B2.6B
Long Term Debt476.5M399.3M325.9M246.4M169.8M0.0
Deferred Long Term Liab21.1M20.4M15.1M11.7M44.4M24.8M
Property Plant Equipment5.9B6.0B6.2B6.5B7.5B5.5B
Long Term Debt Total369.7M268.1M176.5M45.2M40.7M38.6M
Cash And Equivalents5.0B2.9B6.5B18.2B21.0B22.0B
Net Invested Capital26.7B24.2B25.1B26.0B26.1B27.6B
Net Working Capital21.1B17.2B16.5B18.8B17.7B14.5B

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Other Information on Investing in RITES Stock

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