Rubicon Net Tangible Assets vs Capital Lease Obligations Analysis

ROMJ Stock

CAD 0.33 0.01 3.13%

Rubicon Organics financial indicator trend analysis is much more than just breaking down Rubicon Organics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rubicon Organics is a good investment. Please check the relationship between Rubicon Organics Net Tangible Assets and its Capital Lease Obligations accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rubicon Organics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Net Tangible Assets vs Capital Lease Obligations

Net Tangible Assets vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rubicon Organics Net Tangible Assets account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Rubicon Organics' Net Tangible Assets and Capital Lease Obligations is 0.16. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Rubicon Organics, assuming nothing else is changed. The correlation between historical values of Rubicon Organics' Net Tangible Assets and Capital Lease Obligations 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 Tangible Assets of Rubicon Organics are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Net Tangible Assets i.e., Rubicon Organics' Net Tangible Assets and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.16

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Capital Lease Obligations

Rubicon Organics capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Rubicon Organics asset purchases. For example, Rubicon Organics can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Rubicon Organics control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Most indicators from Rubicon Organics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rubicon Organics 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 Rubicon Organics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

At this time, Rubicon Organics' Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 18.22 in 2024, whereas Discontinued Operations is likely to drop (765.1 K) in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	2.4M	3.1M	3.1M	1.9M
Total Operating Expenses	36.0M	38.1M	45.8M	27.0M

Reconciled Depreciation Total Operating Expenses

Rubicon Organics fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Other Assets	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Intangible Assets
Total Assets		0.79	0.97	0.97	-0.97	0.57	0.76	0.94	0.82	0.23	0.9	0.17	0.95	0.94	0.41	0.98	0.99	0.18	0.42	0.92	0.97	0.86	0.93	0.98	0.83	0.67
Total Current Liabilities	0.79		0.64	0.66	-0.78	0.67	0.66	0.72	0.48	0.52	0.69	0.37	0.74	0.92	0.86	0.81	0.75	0.37	0.53	0.8	0.82	0.53	0.61	0.73	0.45	0.3
Total Stockholder Equity	0.97	0.64		1.0	-0.92	0.43	0.78	0.93	0.81	0.17	0.9	-0.04	0.92	0.83	0.23	0.93	0.97	-0.02	0.23	0.86	0.9	0.9	0.97	0.98	0.87	0.74
Net Tangible Assets	0.97	0.66	1.0		-0.93	0.5	0.75	0.95	0.8	0.16	0.87	0.01	0.91	0.84	0.26	0.93	0.98	0.02	0.27	0.87	0.9	0.87	0.95	0.97	0.83	0.71
Retained Earnings	-0.97	-0.78	-0.92	-0.93		-0.6	-0.69	-0.94	-0.86	-0.19	-0.92	-0.19	-0.99	-0.92	-0.38	-0.93	-0.96	-0.19	-0.49	-0.93	-0.92	-0.88	-0.87	-0.94	-0.85	-0.59
Accounts Payable	0.57	0.67	0.43	0.5	-0.6		0.14	0.7	0.46	0.12	0.28	0.6	0.52	0.69	0.5	0.49	0.6	0.53	0.71	0.7	0.49	0.19	0.26	0.42	0.18	-0.02
Cash	0.76	0.66	0.78	0.75	-0.69	0.14		0.58	0.43	0.62	0.8	-0.25	0.69	0.67	0.49	0.83	0.72	-0.18	-0.08	0.53	0.78	0.73	0.84	0.82	0.69	0.44
Non Current Assets Total	0.94	0.72	0.93	0.95	-0.94	0.7	0.58		0.82	0.08	0.81	0.16	0.92	0.87	0.32	0.87	0.97	0.13	0.44	0.94	0.84	0.79	0.83	0.89	0.74	0.62
Non Current Liabilities Total	0.82	0.48	0.81	0.8	-0.86	0.46	0.43	0.82		-0.25	0.83	0.29	0.9	0.75	-0.03	0.78	0.81	0.33	0.57	0.78	0.8	0.85	0.79	0.81	0.91	0.68
Capital Lease Obligations	0.23	0.52	0.17	0.16	-0.19	0.12	0.62	0.08	-0.25		0.19	-0.14	0.14	0.28	0.74	0.3	0.2	-0.15	-0.14	0.2	0.27	0.06	0.19	0.25	-0.03	-0.27
Inventory	0.9	0.69	0.9	0.87	-0.92	0.28	0.8	0.81	0.83	0.19		-0.02	0.96	0.82	0.31	0.91	0.86	0.03	0.28	0.78	0.9	0.97	0.94	0.94	0.94	0.73
Other Current Assets	0.17	0.37	-0.04	0.01	-0.19	0.6	-0.25	0.16	0.29	-0.14	-0.02		0.15	0.42	0.29	0.19	0.15	0.99	0.93	0.33	0.28	-0.15	-0.09	0.05	-0.04	-0.12
Other Stockholder Equity	0.95	0.74	0.92	0.91	-0.99	0.52	0.69	0.92	0.9	0.14	0.96	0.15		0.9	0.32	0.92	0.94	0.17	0.46	0.91	0.92	0.93	0.9	0.95	0.9	0.66
Total Liab	0.94	0.92	0.83	0.84	-0.92	0.69	0.67	0.87	0.75	0.28	0.82	0.42	0.9		0.61	0.94	0.92	0.44	0.62	0.91	0.96	0.71	0.8	0.89	0.69	0.52
Short Long Term Debt	0.41	0.86	0.23	0.26	-0.38	0.5	0.49	0.32	-0.03	0.74	0.31	0.29	0.32	0.61		0.46	0.37	0.27	0.3	0.44	0.47	0.1	0.22	0.34	-0.01	-0.09
Total Current Assets	0.98	0.81	0.93	0.93	-0.93	0.49	0.83	0.87	0.78	0.3	0.91	0.19	0.92	0.94	0.46		0.96	0.23	0.4	0.86	0.99	0.84	0.94	0.98	0.83	0.65
Common Stock	0.99	0.75	0.97	0.98	-0.96	0.6	0.72	0.97	0.81	0.2	0.86	0.15	0.94	0.92	0.37	0.96		0.16	0.41	0.93	0.93	0.83	0.91	0.97	0.8	0.66
Other Current Liab	0.18	0.37	-0.02	0.02	-0.19	0.53	-0.18	0.13	0.33	-0.15	0.03	0.99	0.17	0.44	0.27	0.23	0.16		0.9	0.3	0.33	-0.1	-0.03	0.09	0.03	-0.06
Net Debt	0.42	0.53	0.23	0.27	-0.49	0.71	-0.08	0.44	0.57	-0.14	0.28	0.93	0.46	0.62	0.3	0.4	0.41	0.9		0.6	0.49	0.17	0.17	0.32	0.26	0.09
Other Assets	0.92	0.8	0.86	0.87	-0.93	0.7	0.53	0.94	0.78	0.2	0.78	0.33	0.91	0.91	0.44	0.86	0.93	0.3	0.6		0.86	0.73	0.78	0.87	0.68	0.56
Long Term Debt	0.97	0.82	0.9	0.9	-0.92	0.49	0.78	0.84	0.8	0.27	0.9	0.28	0.92	0.96	0.47	0.99	0.93	0.33	0.49	0.86		0.82	0.92	0.96	0.82	0.66
Net Receivables	0.86	0.53	0.9	0.87	-0.88	0.19	0.73	0.79	0.85	0.06	0.97	-0.15	0.93	0.71	0.1	0.84	0.83	-0.1	0.17	0.73	0.82		0.94	0.91	0.97	0.77
Common Stock Shares Outstanding	0.93	0.61	0.97	0.95	-0.87	0.26	0.84	0.83	0.79	0.19	0.94	-0.09	0.9	0.8	0.22	0.94	0.91	-0.03	0.17	0.78	0.92	0.94		0.98	0.91	0.8
Net Invested Capital	0.98	0.73	0.98	0.97	-0.94	0.42	0.82	0.89	0.81	0.25	0.94	0.05	0.95	0.89	0.34	0.98	0.97	0.09	0.32	0.87	0.96	0.91	0.98		0.89	0.73
Net Working Capital	0.83	0.45	0.87	0.83	-0.85	0.18	0.69	0.74	0.91	-0.03	0.94	-0.04	0.9	0.69	-0.01	0.83	0.8	0.03	0.26	0.68	0.82	0.97	0.91	0.89		0.74
Intangible Assets	0.67	0.3	0.74	0.71	-0.59	-0.02	0.44	0.62	0.68	-0.27	0.73	-0.12	0.66	0.52	-0.09	0.65	0.66	-0.06	0.09	0.56	0.66	0.77	0.8	0.73	0.74

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Rubicon Organics Account Relationship Matchups

Rubicon Organics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.8M	51.1M	54.8M	56.1M	64.5M	41.7M
Total Current Liabilities	12.9M	22.0M	6.9M	8.4M	9.6M	8.8M
Total Stockholder Equity	18.5M	28.8M	38.9M	38.3M	44.1M	27.6M
Net Tangible Assets	20.2M	16.6M	27.0M	37.0M	42.6M	22.5M
Retained Earnings	(56.3M)	(71.3M)	(85.8M)	(89.7M)	(80.7M)	(84.8M)
Accounts Payable	2.6M	1.7M	1.6M	681.2K	783.4K	744.3K
Cash	2.1M	12.1M	11.6M	8.3M	9.5M	6.4M
Non Current Assets Total	21.4M	24.9M	27.7M	28.4M	32.7M	24.5M
Non Current Liabilities Total	8.4M	221.1K	9.0M	9.4M	10.8M	11.4M
Capital Lease Obligations	65.5K	344.1K	211.1K	59.0K	67.8K	64.5K
Inventory	4.1M	10.1M	10.6M	12.7M	14.6M	15.3M
Other Current Assets	992.0K	11.5M	445.9K	152.1K	174.9K	166.2K
Other Stockholder Equity	7.4M	11.3M	13.8M	17.5M	20.2M	21.2M
Total Liab	21.3M	22.2M	15.9M	17.8M	20.4M	14.1M
Short Long Term Debt	4.9M	13.6M	659.3K	758.5K	872.2K	828.6K
Total Current Assets	18.4M	26.2M	27.2M	27.7M	31.8M	16.7M
Common Stock	56.7M	63.6M	86.3M	107.2M	123.3M	63.0M
Net Debt	3.0M	11.1M	1.5M	1.9M	2.1M	3.9M
Long Term Debt	2.8M	8.4M	8.9M	9.4M	10.8M	7.1M
Net Receivables	204.9K	2.2M	4.1M	4.8M	5.5M	5.8M
Common Stock Shares Outstanding	40.0M	49.4M	56.0M	56.1M	64.5M	50.4M
Net Invested Capital	31.7M	42.5M	48.5M	48.5M	55.8M	39.7M
Net Working Capital	5.5M	4.2M	20.2M	19.3M	22.2M	23.3M
Property Plant Equipment	24.0M	19.5M	22.5M	25.3M	29.1M	23.7M
Capital Stock	63.6M	86.3M	107.2M	107.6M	123.8M	92.7M

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