RPC Accounts Payable vs Short Long Term Debt Analysis

RES Stock

USD 6.50 0.02 0.31%

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

Accounts Payable vs Short Long Term Debt

Accounts Payable vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RPC Inc Accounts Payable account and Short Long Term Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between RPC's Accounts Payable and Short Long Term Debt is 0.21. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of RPC Inc, assuming nothing else is changed. The correlation between historical values of RPC's Accounts Payable and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of RPC Inc are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Accounts Payable i.e., RPC's Accounts Payable and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents RPC obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of RPC Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

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

At this time, RPC's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 3.93 in 2024, whereas Selling General Administrative is likely to drop slightly above 131.1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.9M	614K	341K	324.0K
Depreciation And Amortization	72.5M	83.7M	108.1M	77.5M

Interest Expense Depreciation And Amortization

RPC fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Accounts Payable	Common Stock Total Equity	Short Term Debt	Common Stock
Total Assets		0.62	0.83	0.82	0.94	0.82	0.27	0.94	0.07	0.85	0.19	0.07	0.9	-0.22	0.73	0.94	0.29	-0.73	0.8	0.73	0.91	0.46	0.82	0.63	0.53	0.64
Short Long Term Debt Total	0.62		0.73	0.69	0.32	0.67	0.83	0.32	-0.46	0.63	-0.07	-0.46	0.71	0.12	0.94	0.47	0.45	-0.21	0.91	0.28	0.49	0.35	0.73	0.05	0.98	0.08
Other Current Liab	0.83	0.73		0.95	0.66	0.79	0.56	0.67	-0.25	0.8	-0.09	-0.25	0.91	0.2	0.81	0.73	0.25	-0.55	0.9	0.39	0.77	0.28	0.93	0.51	0.72	0.52
Total Current Liabilities	0.82	0.69	0.95		0.67	0.76	0.5	0.68	-0.21	0.78	0.03	-0.21	0.93	0.23	0.76	0.74	0.16	-0.58	0.88	0.34	0.8	0.31	0.98	0.59	0.67	0.59
Total Stockholder Equity	0.94	0.32	0.66	0.67		0.68	-0.05	1.0	0.33	0.72	0.3	0.33	0.77	-0.36	0.45	0.94	0.18	-0.81	0.54	0.76	0.9	0.4	0.66	0.74	0.2	0.75
Property Plant And Equipment Net	0.82	0.67	0.79	0.76	0.68		0.58	0.69	-0.41	0.99	0.15	-0.41	0.69	0.23	0.85	0.85	0.13	-0.48	0.87	0.42	0.55	0.58	0.79	0.55	0.63	0.57
Net Debt	0.27	0.83	0.56	0.5	-0.05	0.58		-0.04	-0.86	0.52	-0.17	-0.86	0.42	0.44	0.82	0.18	0.14	0.1	0.76	-0.13	0.06	0.2	0.54	-0.12	0.9	-0.07
Retained Earnings	0.94	0.32	0.67	0.68	1.0	0.69	-0.04		0.31	0.73	0.31	0.31	0.77	-0.34	0.45	0.94	0.17	-0.83	0.55	0.74	0.9	0.39	0.66	0.76	0.21	0.76
Cash	0.07	-0.46	-0.25	-0.21	0.33	-0.41	-0.86	0.31		-0.34	0.18	1.0	-0.05	-0.65	-0.5	0.04	0.19	-0.33	-0.43	0.49	0.33	-0.18	-0.26	0.19	-0.55	0.14
Non Current Assets Total	0.85	0.63	0.8	0.78	0.72	0.99	0.52	0.73	-0.34		0.22	-0.34	0.7	0.23	0.83	0.87	0.12	-0.54	0.86	0.45	0.59	0.54	0.79	0.63	0.59	0.64
Non Currrent Assets Other	0.19	-0.07	-0.09	0.03	0.3	0.15	-0.17	0.31	0.18	0.22		0.18	0.03	-0.05	-0.04	0.3	-0.12	-0.47	-0.02	0.18	0.14	-0.01	-0.04	0.57	-0.14	0.54
Cash And Short Term Investments	0.07	-0.46	-0.25	-0.21	0.33	-0.41	-0.86	0.31	1.0	-0.34	0.18		-0.05	-0.65	-0.5	0.04	0.19	-0.33	-0.43	0.49	0.33	-0.18	-0.26	0.19	-0.55	0.14
Net Receivables	0.9	0.71	0.91	0.93	0.77	0.69	0.42	0.77	-0.05	0.7	0.03	-0.05		-0.1	0.73	0.78	0.26	-0.63	0.83	0.52	0.92	0.31	0.93	0.51	0.66	0.53
Common Stock Shares Outstanding	-0.22	0.12	0.2	0.23	-0.36	0.23	0.44	-0.34	-0.65	0.23	-0.05	-0.65	-0.1		0.2	-0.16	-0.19	0.23	0.22	-0.58	-0.34	0.05	0.21	0.1	0.22	0.06
Non Current Liabilities Total	0.73	0.94	0.81	0.76	0.45	0.85	0.82	0.45	-0.5	0.83	-0.04	-0.5	0.73	0.2		0.62	0.38	-0.29	0.98	0.39	0.52	0.46	0.79	0.22	0.93	0.23
Inventory	0.94	0.47	0.73	0.74	0.94	0.85	0.18	0.94	0.04	0.87	0.3	0.04	0.78	-0.16	0.62		0.07	-0.74	0.69	0.61	0.81	0.54	0.76	0.74	0.37	0.77
Other Current Assets	0.29	0.45	0.25	0.16	0.18	0.13	0.14	0.17	0.19	0.12	-0.12	0.19	0.26	-0.19	0.38	0.07		-0.16	0.33	0.49	0.32	0.13	0.14	-0.19	0.4	-0.23
Other Stockholder Equity	-0.73	-0.21	-0.55	-0.58	-0.81	-0.48	0.1	-0.83	-0.33	-0.54	-0.47	-0.33	-0.63	0.23	-0.29	-0.74	-0.16		-0.4	-0.47	-0.76	0.0	-0.5	-0.86	-0.1	-0.88
Total Liab	0.8	0.91	0.9	0.88	0.54	0.87	0.76	0.55	-0.43	0.86	-0.02	-0.43	0.83	0.22	0.98	0.69	0.33	-0.4		0.4	0.64	0.44	0.89	0.35	0.9	0.36
Property Plant And Equipment Gross	0.73	0.28	0.39	0.34	0.76	0.42	-0.13	0.74	0.49	0.45	0.18	0.49	0.52	-0.58	0.39	0.61	0.49	-0.47	0.4		0.71	0.27	0.32	0.31	0.21	0.26
Total Current Assets	0.91	0.49	0.77	0.8	0.9	0.55	0.06	0.9	0.33	0.59	0.14	0.33	0.92	-0.34	0.52	0.81	0.32	-0.76	0.64	0.71		0.28	0.78	0.61	0.39	0.6
Intangible Assets	0.46	0.35	0.28	0.31	0.4	0.58	0.2	0.39	-0.18	0.54	-0.01	-0.18	0.31	0.05	0.46	0.54	0.13	0.0	0.44	0.27	0.28		0.47	0.08	0.28	0.1
Accounts Payable	0.82	0.73	0.93	0.98	0.66	0.79	0.54	0.66	-0.26	0.79	-0.04	-0.26	0.93	0.21	0.79	0.76	0.14	-0.5	0.89	0.32	0.78	0.47		0.51	0.7	0.52
Common Stock Total Equity	0.63	0.05	0.51	0.59	0.74	0.55	-0.12	0.76	0.19	0.63	0.57	0.19	0.51	0.1	0.22	0.74	-0.19	-0.86	0.35	0.31	0.61	0.08	0.51		-0.02	0.99
Short Term Debt	0.53	0.98	0.72	0.67	0.2	0.63	0.9	0.21	-0.55	0.59	-0.14	-0.55	0.66	0.22	0.93	0.37	0.4	-0.1	0.9	0.21	0.39	0.28	0.7	-0.02		0.0
Common Stock	0.64	0.08	0.52	0.59	0.75	0.57	-0.07	0.76	0.14	0.64	0.54	0.14	0.53	0.06	0.23	0.77	-0.23	-0.88	0.36	0.26	0.6	0.1	0.52	0.99	0.0

Click cells to compare fundamentals

RPC Account Relationship Matchups

RPC fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	790.5M	864.4M	1.1B	1.3B	1.4B
Other Current Liab	37.6M	29.3M	29.9M	52.7M	43.3M	30.7M
Total Current Liabilities	101.4M	79.6M	130.8M	178.6M	151.9M	82.5M
Total Stockholder Equity	830.3M	631.6M	641.8M	857.7M	1.0B	1.1B
Property Plant And Equipment Net	550.6M	291.7M	299.3M	362.0M	460.7M	297.7M
Net Debt	(11.0M)	(54.2M)	(36.1M)	(96.2M)	(196.1M)	(186.3M)
Retained Earnings	832.1M	627.8M	640.9M	856.0M	1.0B	1.1B
Cash	50.0M	84.5M	82.4M	126.4M	223.3M	234.5M
Non Current Assets Total	616.4M	362.1M	372.4M	425.7M	587.5M	333.9M
Non Currrent Assets Other	33.6M	38.3M	40.9M	(5.9M)	35.4M	19.8M
Cash And Short Term Investments	50.0M	84.5M	82.4M	126.4M	223.3M	234.5M
Net Receivables	266.7M	244.7M	317.1M	459.0M	377.2M	396.0M
Common Stock Shares Outstanding	212.2M	212.5M	213.0M	213.3M	212.9M	172.7M
Liabilities And Stockholders Equity	1.1B	790.5M	864.4M	1.1B	1.3B	1.4B
Non Current Liabilities Total	121.5M	79.4M	91.7M	92.7M	140.2M	101.5M
Inventory	100.9M	82.9M	79.0M	97.1M	110.9M	116.4M
Other Current Assets	3.3M	3.1M	3.0M	3.1M	15.7M	16.5M
Other Stockholder Equity	(223K)	(17.7M)	(20.7M)	(19.9M)	(17.9M)	(17.0M)
Total Liab	222.9M	158.9M	222.6M	271.3M	292.0M	184.0M
Property Plant And Equipment Gross	550.6M	291.7M	299.3M	362.0M	1.3B	1.3B
Total Current Assets	436.9M	428.4M	492.0M	703.3M	727.1M	763.4M
Accumulated Other Comprehensive Income	(23.2M)	(17.7M)	(20.7M)	(19.9M)	(2.4M)	(2.5M)
Accounts Payable	53.1M	41.1M	74.4M	115.2M	85.0M	54.1M
Common Stock Total Equity	21.5M	21.4M	21.5M	21.6M	24.8M	14.8M
Short Term Debt	10.6M	9.2M	26.6M	10.7M	7.7M	7.4M
Common Stock	21.4M	21.5M	21.6M	21.7M	21.5M	15.6M
Other Liab	93.1M	58.3M	72.0M	73.2M	84.1M	59.2M
Other Assets	33.6M	164.8M	197.9M	31.6M	36.3M	36.6M
Property Plant Equipment	516.7M	264.4M	299.3M	362.0M	416.3M	444.0M
Net Tangible Assets	798.2M	599.4M	609.6M	825.6M	743.0M	653.5M
Retained Earnings Total Equity	947.7M	832.1M	627.8M	640.9M	737.1M	735.9M
Deferred Long Term Liab	37.3M	13.3M	200K	300K	270K	256.5K
Non Current Liabilities Other	84.2M	66.0M	7.1M	5.4M	7.8M	7.4M
Cash And Equivalents	50.0M	84.5M	82.4M	126.4M	113.8M	78.0M
Net Invested Capital	830.3M	631.6M	641.8M	857.7M	1.0B	668.1M

Pair Trading with RPC

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 RPC 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 RPC will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to RPC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RPC 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 RPC - 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 RPC Inc to buy it.

The correlation of RPC 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 RPC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RPC Inc 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 RPC 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

Additional Tools for RPC Stock Analysis

When running RPC's price analysis, check to measure RPC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RPC is operating at the current time. Most of RPC's value examination focuses on studying past and present price action to predict the probability of RPC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RPC's price. Additionally, you may evaluate how the addition of RPC to your portfolios can decrease your overall portfolio volatility.

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RPC Accounts Payable vs Short Long Term Debt Analysis

Accounts Payable vs Short Long Term Debt

Accounts Payable vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Accounts Payable

Short Long Term Debt

RPC fundamental ratios Correlations

RPC Account Relationship Matchups

High Positive Relationship

High Negative Relationship

RPC fundamental ratios Accounts

Pair Trading with RPC

Additional Tools for RPC Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Total Equity
Short Term Debt	+ 0.98	Short Long Term Debt Total
Accounts Payable	+ 0.98	Total Current Liabilities

Common Stock	- 0.88	Other Stockholder Equity
Common Stock Total Equity	- 0.86	Other Stockholder Equity
Cash And Short Term Investments	- 0.86	Net Debt
Cash	- 0.86	Net Debt
Other Stockholder Equity	- 0.83	Retained Earnings
Other Stockholder Equity	- 0.81	Total Stockholder Equity