Richtech Total Stockholder Equity vs Total Current Liabilities Analysis
| RR Stock | 1.11 0.03 2.63% |
Richtech Robotics financial indicator trend analysis is much more than just breaking down Richtech Robotics Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Richtech Robotics Class is a good investment. Please check the relationship between Richtech Robotics Total Stockholder Equity and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richtech Robotics Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Total Stockholder Equity vs Total Current Liabilities
Total Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Richtech Robotics Class Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Richtech Robotics' Total Stockholder Equity and Total Current Liabilities is 0.91. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Richtech Robotics Class, assuming nothing else is changed. The correlation between historical values of Richtech Robotics' Total Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Richtech Robotics Class are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Richtech Robotics' Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.91 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Total Current Liabilities
Total Current Liabilities is an item on Richtech Robotics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Richtech Robotics Class are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Richtech Robotics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Richtech Robotics Class 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 Richtech Robotics Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Richtech Robotics' Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 05/29/2024, Enterprise Value Over EBITDA is likely to grow to 763.80, while Selling General Administrative is likely to drop slightly above 2.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.0M | 6.0M | 6.9M | 4.7M | Total Revenue | 6.0M | 8.8M | 10.1M | 7.6M |
Richtech Robotics fundamental ratios Correlations
Click cells to compare fundamentals
Richtech Robotics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Richtech Robotics' price analysis, check to measure Richtech Robotics' 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 Richtech Robotics is operating at the current time. Most of Richtech Robotics' value examination focuses on studying past and present price action to predict the probability of Richtech Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richtech Robotics' price. Additionally, you may evaluate how the addition of Richtech Robotics to your portfolios can decrease your overall portfolio volatility.
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Is Richtech Robotics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Richtech Robotics. If investors know Richtech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Richtech Robotics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Richtech Robotics Class is measured differently than its book value, which is the value of Richtech that is recorded on the company's balance sheet. Investors also form their own opinion of Richtech Robotics' value that differs from its market value or its book value, called intrinsic value, which is Richtech Robotics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Richtech Robotics' market value can be influenced by many factors that don't directly affect Richtech Robotics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Richtech Robotics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Richtech Robotics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Richtech Robotics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.