Ryder System Cash and Equivalents vs Goodwill and Intangible Assets Analysis

R -- USA Stock  

Fiscal Quarter End: December 31, 2019  

Ryder System financial indicator trend analysis is much more than just breaking down Ryder System prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryder System is a good investment. Please check the relationship between Ryder System Cash and Equivalents and its Goodwill and Intangible Assets accounts. Additionally take a look at Your Equity Center.

Cash and Equivalents vs Goodwill and Intangible Assets

Accounts Relationship

Cash and Equivalents vs Goodwill and Intangible Assets

Significance: Significant Contrarian Relationship

Cash and Equivalents diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Ryder System Cash and Equivalents account and Goodwill and Intangible Assets

Correlation Coefficient

-0.47
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash and Equivalents

A component of [Assets] representing the amount of currency on hand as well as demand deposits with banks or financial institutions.

Goodwill and Intangible Assets

A component of [Assets] representing the carrying amounts of all intangible assets and goodwill as of the balance sheet date; net of accumulated amortization and impairment charges.
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