Ringcentral Net Debt vs Total Current Liabilities Analysis
RNG Stock | USD 41.58 0.33 0.80% |
Ringcentral financial indicator trend analysis is much more than just breaking down Ringcentral prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ringcentral is a good investment. Please check the relationship between Ringcentral Net Debt and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ringcentral Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ringcentral's Net Debt and Total Current Liabilities is 0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ringcentral, assuming nothing else is changed. The correlation between historical values of Ringcentral's Net Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Ringcentral are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Ringcentral's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Total Current Liabilities
Total Current Liabilities is an item on Ringcentral balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ringcentral are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Ringcentral's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ringcentral 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 Ringcentral. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.At this time, Ringcentral's Sales General And Administrative To Revenue is most likely to increase slightly in the upcoming years. The Ringcentral's current Enterprise Value is estimated to increase to about 13.3 B, while Enterprise Value Over EBITDA is projected to decrease to 32.65.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 64.4M | 4.8M | 36.0M | 37.8M | Depreciation And Amortization | 143.3M | 266.5M | 233.9M | 245.6M |
Ringcentral fundamental ratios Correlations
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Ringcentral Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ringcentral fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 83.1M | 88.7M | 91.7M | 95.2M | 94.9M | 79.5M | |
Total Assets | 1.5B | 2.2B | 2.6B | 2.1B | 1.9B | 1.0B | |
Short Long Term Debt Total | 415.4M | 1.4B | 1.4B | 1.7B | 1.6B | 1.7B | |
Other Current Liab | 124.5M | 163.1M | 230.6M | 324.8M | 265.1M | 278.4M | |
Total Current Liabilities | 280.7M | 438.1M | 526.3M | 652.6M | 632.5M | 664.2M | |
Total Stockholder Equity | 745.7M | 312.2M | 538.4M | (482.8M) | (502.6M) | (477.4M) | |
Other Liab | 8.9M | 24.0M | 84.1M | 45.8M | 52.7M | 55.4M | |
Property Plant And Equipment Net | 128.5M | 193.3M | 214.2M | 220.8M | 227.4M | 238.7M | |
Current Deferred Revenue | 107.4M | 142.2M | 176.5M | 209.7M | 233.6M | 245.3M | |
Net Debt | 71.8M | 805.3M | 1.2B | 1.4B | 1.4B | 1.4B | |
Retained Earnings | (289.3M) | (372.3M) | (748.6M) | (1.5B) | (1.7B) | (1.6B) | |
Accounts Payable | 34.6M | 54.0M | 70.0M | 62.7M | 53.3M | 27.4M | |
Cash | 343.6M | 639.9M | 267.2M | 270.0M | 222.2M | 259.7M | |
Non Current Assets Total | 915.2M | 1.3B | 1.9B | 1.3B | 1.1B | 582.7M | |
Non Currrent Assets Other | 9.6M | 8.6M | 8.1M | 469.9M | 407.7M | 428.1M | |
Other Assets | 471.9M | 676.3M | 731.6M | 469.9M | 407.7M | 243.5M | |
Cash And Short Term Investments | 343.6M | 639.9M | 267.2M | 270.0M | 222.2M | 262.1M | |
Net Receivables | 130.0M | 176.0M | 232.8M | 311.3M | 364.4M | 382.7M | |
Liabilities And Stockholders Equity | 1.5B | 2.2B | 2.6B | 2.1B | 1.9B | 1.0B | |
Non Current Liabilities Total | 424.3M | 1.4B | 1.5B | 1.9B | 1.8B | 1.9B | |
Inventory | 401K | 551K | 5.7M | 1.2M | 1.5M | 1.6M | |
Other Current Assets | 25.4M | 109.7M | 145.1M | 213.5M | 260.5M | 273.6M | |
Other Stockholder Equity | 1.0B | 677.7M | 1.1B | 860.4M | 1.0B | 582.6M | |
Total Liab | 705.0M | 1.9B | 2.0B | 2.6B | 2.4B | 2.6B | |
Property Plant And Equipment Gross | 128.5M | 193.3M | 214.2M | 185.4M | 560.8M | 588.8M | |
Total Current Assets | 535.5M | 926.1M | 650.7M | 796.0M | 848.6M | 460.1M | |
Accumulated Other Comprehensive Income | 1.9M | 6.8M | 644K | (8.8M) | (8.2M) | (7.8M) | |
Short Term Debt | 14.2M | 47.4M | 18.7M | 17.5M | 36.7M | 38.5M | |
Property Plant Equipment | 89.2M | 142.2M | 214.2M | 220.8M | 254.0M | 266.7M | |
Long Term Debt | 386.9M | 1.4B | 1.4B | 1.6B | 1.5B | 1.6B | |
Good Will | 55.3M | 57.3M | 55.5M | 54.3M | 67.4M | 34.9M | |
Retained Earnings Total Equity | (289.3M) | (372.3M) | (748.6M) | (1.5B) | (1.4B) | (1.3B) | |
Deferred Long Term Liab | 462.3M | 667.8M | 723.4M | 438.6M | 504.4M | 262.4M | |
Intangible Assets | 127.3M | 118.3M | 716.6M | 528.1M | 393.8M | 413.5M | |
Net Tangible Assets | 563.1M | 136.6M | (433.1M) | (283.3M) | (255.0M) | (242.3M) |
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When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.05) | Revenue Per Share 25.361 | Quarterly Revenue Growth 0.091 | Return On Assets (0.01) | Return On Equity (6.89) |
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.