Ryder System Total Liabilities vs Tax Liabilities 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 Total Liabilities and its Tax Liabilities accounts. Additionally take a look at Your Equity Center.

Total Liabilities vs Tax Liabilities

Accounts Relationship

Total Liabilities vs Tax Liabilities

Significance: Very Strong Relationship

Total Liabilities diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Ryder System Total Liabilities account and Tax Liabilities

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Total Liabilities

Deferred Income Tax is recorded on Ryder System balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Ryder System books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; [Payables];[Deposits]; and [TaxLiabilities].

Tax Liabilities

A component of [Liabilities] representing outstanding tax liabilities.
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