Richards Net Receivables vs Short Long Term Debt Total Analysis

RPI-UN Stock

CAD 29.84 0.74 2.54%

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

Net Receivables vs Short Long Term Debt Total

Net Receivables vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richards Packaging Income Net Receivables account and Short Long Term Debt Total. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Richards Packaging's Net Receivables and Short Long Term Debt Total is 0.57. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Richards Packaging Income, assuming nothing else is changed. The correlation between historical values of Richards Packaging's Net Receivables and Short Long Term Debt Total 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 Receivables of Richards Packaging Income are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Receivables i.e., Richards Packaging's Net Receivables and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

Short Long Term Debt Total

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

At present, Richards Packaging's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 7.58, whereas Selling General Administrative is forecasted to decline to about 16.1 M.

	2022	2023	2024	2025 (projected)
Total Revenue	446.9M	425.9M	489.8M	287.9M
Depreciation And Amortization	12.4M	11.6M	13.4M	8.6M

Total Revenue Depreciation And Amortization

Richards Packaging fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.61	0.7	0.89	0.92	0.86	0.45	0.52	0.84	0.89	0.53	0.98	0.36	0.53	0.97	0.94	0.29	0.74	0.95	0.83	-0.06	0.94	0.98	0.77	0.33	-0.8
Short Long Term Debt Total	0.61		0.18	0.47	0.45	0.52	0.49	0.98	0.48	0.39	0.27	0.55	0.09	0.27	0.57	0.63	0.13	0.89	0.68	0.57	0.08	0.67	0.65	0.72	0.02	-0.54
Other Current Liab	0.7	0.18		0.92	0.47	0.54	0.44	0.08	0.51	0.83	0.48	0.63	0.27	0.48	0.63	0.64	0.11	0.29	0.75	0.67	-0.01	0.8	0.74	0.53	0.18	-0.63
Total Current Liabilities	0.89	0.47	0.92		0.68	0.74	0.53	0.36	0.68	0.93	0.55	0.83	0.38	0.55	0.82	0.82	0.18	0.53	0.91	0.81	-0.07	0.95	0.91	0.78	0.22	-0.78
Total Stockholder Equity	0.92	0.45	0.47	0.68		0.79	0.3	0.36	0.84	0.74	0.48	0.93	0.36	0.48	0.95	0.9	0.38	0.6	0.8	0.7	-0.08	0.73	0.87	0.6	0.31	-0.72
Property Plant And Equipment Net	0.86	0.52	0.54	0.74	0.79		0.28	0.44	0.88	0.71	0.54	0.9	0.32	0.54	0.77	0.75	0.36	0.69	0.77	0.72	-0.09	0.81	0.79	0.75	0.31	-0.75
Current Deferred Revenue	0.45	0.49	0.44	0.53	0.3	0.28		0.34	0.37	0.38	0.79	0.37	0.33	0.79	0.48	0.5	-0.13	0.29	0.42	0.42	-0.05	0.51	0.5	0.59	0.0	-0.5
Net Debt	0.52	0.98	0.08	0.36	0.36	0.44	0.34		0.4	0.3	0.08	0.46	0.02	0.08	0.46	0.53	0.15	0.88	0.61	0.48	0.07	0.59	0.55	0.64	0.01	-0.44
Retained Earnings	0.84	0.48	0.51	0.68	0.84	0.88	0.37	0.4		0.71	0.63	0.84	0.4	0.63	0.85	0.86	0.53	0.57	0.77	0.71	-0.11	0.72	0.81	0.61	0.16	-0.89
Accounts Payable	0.89	0.39	0.83	0.93	0.74	0.71	0.38	0.3	0.71		0.49	0.84	0.39	0.49	0.86	0.82	0.23	0.52	0.89	0.68	-0.08	0.9	0.9	0.61	0.31	-0.73
Cash	0.53	0.27	0.48	0.55	0.48	0.54	0.79	0.08	0.63	0.49		0.52	0.38	1.0	0.55	0.54	0.08	0.22	0.42	0.48	0.05	0.5	0.53	0.51	0.08	-0.66
Non Current Assets Total	0.98	0.55	0.63	0.83	0.93	0.9	0.37	0.46	0.84	0.84	0.52		0.33	0.52	0.94	0.89	0.3	0.73	0.88	0.78	-0.06	0.89	0.92	0.76	0.44	-0.73
Non Currrent Assets Other	0.36	0.09	0.27	0.38	0.36	0.32	0.33	0.02	0.4	0.39	0.38	0.33		0.38	0.41	0.35	-0.09	0.07	0.33	0.38	-0.49	0.31	0.38	0.35	0.02	-0.47
Cash And Short Term Investments	0.53	0.27	0.48	0.55	0.48	0.54	0.79	0.08	0.63	0.49	1.0	0.52	0.38		0.55	0.54	0.08	0.22	0.42	0.48	0.05	0.5	0.53	0.51	0.08	-0.66
Net Receivables	0.97	0.57	0.63	0.82	0.95	0.77	0.48	0.46	0.85	0.86	0.55	0.94	0.41	0.55		0.97	0.3	0.66	0.92	0.78	-0.09	0.86	0.97	0.68	0.27	-0.81
Good Will	0.94	0.63	0.64	0.82	0.9	0.75	0.5	0.53	0.86	0.82	0.54	0.89	0.35	0.54	0.97		0.45	0.65	0.93	0.78	-0.03	0.86	0.96	0.73	0.1	-0.86
Common Stock Shares Outstanding	0.29	0.13	0.11	0.18	0.38	0.36	-0.13	0.15	0.53	0.23	0.08	0.3	-0.09	0.08	0.3	0.45		0.12	0.3	0.2	0.09	0.18	0.27	0.16	-0.25	-0.4
Non Current Liabilities Total	0.74	0.89	0.29	0.53	0.6	0.69	0.29	0.88	0.57	0.52	0.22	0.73	0.07	0.22	0.66	0.65	0.12		0.75	0.59	0.07	0.76	0.72	0.64	0.35	-0.49
Inventory	0.95	0.68	0.75	0.91	0.8	0.77	0.42	0.61	0.77	0.89	0.42	0.88	0.33	0.42	0.92	0.93	0.3	0.75		0.83	-0.03	0.96	0.98	0.76	0.15	-0.83
Other Current Assets	0.83	0.57	0.67	0.81	0.7	0.72	0.42	0.48	0.71	0.68	0.48	0.78	0.38	0.48	0.78	0.78	0.2	0.59	0.83		-0.1	0.83	0.84	0.8	0.16	-0.81
Other Stockholder Equity	-0.06	0.08	-0.01	-0.07	-0.08	-0.09	-0.05	0.07	-0.11	-0.08	0.05	-0.06	-0.49	0.05	-0.09	-0.03	0.09	0.07	-0.03	-0.1		-0.03	-0.05	-0.09	0.0	0.05
Total Liab	0.94	0.67	0.8	0.95	0.73	0.81	0.51	0.59	0.72	0.9	0.5	0.89	0.31	0.5	0.86	0.86	0.18	0.76	0.96	0.83	-0.03		0.95	0.83	0.29	-0.77
Total Current Assets	0.98	0.65	0.74	0.91	0.87	0.79	0.5	0.55	0.81	0.9	0.53	0.92	0.38	0.53	0.97	0.96	0.27	0.72	0.98	0.84	-0.05	0.95		0.76	0.2	-0.85
Short Term Debt	0.77	0.72	0.53	0.78	0.6	0.75	0.59	0.64	0.61	0.61	0.51	0.76	0.35	0.51	0.68	0.73	0.16	0.64	0.76	0.8	-0.09	0.83	0.76		0.1	-0.69
Intangible Assets	0.33	0.02	0.18	0.22	0.31	0.31	0.0	0.01	0.16	0.31	0.08	0.44	0.02	0.08	0.27	0.1	-0.25	0.35	0.15	0.16	0.0	0.29	0.2	0.1		0.14
Common Stock	-0.8	-0.54	-0.63	-0.78	-0.72	-0.75	-0.5	-0.44	-0.89	-0.73	-0.66	-0.73	-0.47	-0.66	-0.81	-0.86	-0.4	-0.49	-0.83	-0.81	0.05	-0.77	-0.85	-0.69	0.14

Click cells to compare fundamentals

Richards Packaging Account Relationship Matchups

Richards Packaging fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	352.9M	356.9M	349.9M	318.2M	365.9M	234.2M
Short Long Term Debt Total	72.6M	64.0M	101.2M	53.2M	61.2M	58.7M
Other Current Liab	39.1M	61.9M	15.1M	21.2M	24.3M	13.7M
Total Current Liabilities	118.3M	161.8M	87.8M	85.3M	98.1M	60.2M
Total Stockholder Equity	160.6M	130.8M	161.5M	180.1M	207.2M	112.7M
Property Plant And Equipment Net	53.2M	44.0M	37.7M	36.3M	41.7M	43.8M
Current Deferred Revenue	4.4M	4.8M	3.7M	3.4M	3.9M	3.2M
Net Debt	64.9M	55.6M	95.8M	45.1M	51.8M	54.1M
Retained Earnings	144.1M	119.9M	143.0M	163.3M	187.8M	197.2M
Accounts Payable	31.9M	57.6M	38.8M	37.3M	42.9M	27.3M
Cash	7.7M	8.4M	5.4M	8.1M	9.3M	9.8M
Non Current Assets Total	196.2M	184.7M	179.4M	175.6M	202.0M	137.1M
Non Currrent Assets Other	(1.7M)	(2.0M)	(2.2M)	(1.7M)	(1.9M)	(2.0M)
Cash And Short Term Investments	7.7M	8.4M	5.4M	8.1M	9.3M	9.8M
Net Receivables	49.8M	49.7M	55.6M	54.0M	62.1M	32.9M
Good Will	110.7M	110.5M	113.2M	112.2M	129.0M	90.8M
Liabilities And Stockholders Equity	352.9M	356.9M	349.9M	318.2M	365.9M	234.2M
Non Current Liabilities Total	74.0M	64.2M	100.5M	52.7M	60.6M	57.9M
Inventory	88.3M	100.7M	97.8M	75.0M	86.2M	55.1M
Other Current Assets	10.9M	6.9M	7.7M	5.5M	6.4M	4.2M
Other Stockholder Equity	16.9M	12.7M	11.2M	11.0M	9.9M	9.4M
Total Liab	192.3M	226.1M	188.4M	138.1M	158.8M	118.1M
Total Current Assets	156.7M	172.2M	170.5M	142.6M	164.0M	97.1M
Accumulated Other Comprehensive Income	11.2M	11.0M	18.5M	16.8M	19.4M	20.3M
Short Term Debt	42.0M	35.3M	26.8M	22.6M	25.9M	17.8M
Intangible Assets	31.7M	29.5M	27.8M	26.5M	23.9M	24.9M
Other Liab	4.4M	3.6M	8.0M	7.1M	8.1M	6.4M
Net Tangible Assets	8.5M	30.1M	18.2M	(9.1M)	(10.5M)	(10.0M)
Long Term Debt	23.6M	22.7M	64.8M	18.0M	16.2M	26.3M
Long Term Investments	667K	688K	725K	619K	557.1K	554.3K
Property Plant Equipment	4.8M	44.7M	53.2M	44.0M	50.7M	53.2M
Capital Lease Obligations	49.1M	41.3M	36.4M	35.2M	40.4M	28.6M
Net Invested Capital	184.1M	153.5M	226.3M	198.2M	227.9M	187.1M
Net Working Capital	38.4M	10.4M	82.7M	57.3M	65.8M	45.3M

Pair Trading with Richards Packaging

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Richards Packaging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Richards Packaging will appreciate offsetting losses from the drop in the long position's value.

Moving against Richards Stock

0.62	RY-PS	Royal Bank	Pair Corr
0.54	IE	Ivanhoe Energy	Pair Corr
0.5	TD-PFI	Toronto Dominion Bank	Pair Corr
0.45	FDY	Faraday Copper Corp	Pair Corr
0.39	INFM	Infinico Metals Corp	Pair Corr

The ability to find closely correlated positions to Richards Packaging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richards Packaging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Richards Packaging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Richards Packaging Income to buy it.

The correlation of Richards Packaging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richards Packaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richards Packaging Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Richards Packaging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Richards Stock

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

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Richards Net Receivables vs Short Long Term Debt Total Analysis

Net Receivables vs Short Long Term Debt Total

Net Receivables vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Net Receivables

Short Long Term Debt Total

Richards Packaging fundamental ratios Correlations

Richards Packaging Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Richards Packaging fundamental ratios Accounts

Pair Trading with Richards Packaging

Moving against Richards Stock

Other Information on Investing in Richards Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.98	Inventory
Net Receivables	+ 0.97	Total Assets

Common Stock	- 0.89	Retained Earnings
Common Stock	- 0.86	Good Will
Common Stock	- 0.85	Total Current Assets
Common Stock	- 0.83	Inventory
Common Stock	- 0.81	Other Current Assets
Common Stock	- 0.81	Net Receivables