Retractable Total Stockholder Equity vs Total Current Liabilities Analysis

RVP Stock

USD 1.11 0.03 2.78%

Retractable Technologies financial indicator trend analysis is much more than just breaking down Retractable Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Retractable Technologies is a good investment. Please check the relationship between Retractable Technologies 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 Retractable Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.

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 Retractable Technologies Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Retractable Technologies' Total Stockholder Equity and Total Current Liabilities is 0.41. 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 Retractable Technologies, assuming nothing else is changed. The correlation between historical values of Retractable Technologies' 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 Retractable Technologies 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., Retractable Technologies' Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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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 Retractable Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Retractable Technologies 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 Retractable Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Retractable Technologies 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 Retractable Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Retractable Stock, please use our How to Invest in Retractable Technologies guide.As of 06/06/2024, Sales General And Administrative To Revenue is likely to grow to 0.39, while Selling General Administrative is likely to drop slightly above 13 M.

	2021	2022	2023	2024 (projected)
Interest Expense	227.2K	170.7K	152.2K	197.8K
Depreciation And Amortization	2.5M	4.6M	7.5M	7.9M

Interest Expense Depreciation And Amortization

Retractable Technologies 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	Other Assets	Long Term Debt	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	Preferred Stock Total Equity	Total Current Assets	Short Term Debt
Total Assets		-0.69	0.46	0.52	0.99	0.98	0.02	-0.33	0.99	0.54	0.27	0.99	0.95	-0.72	0.86	0.68	0.47	0.99	0.98	0.23	-0.25	0.99	0.97	-0.54	0.89	-0.14
Short Long Term Debt Total	-0.69		-0.28	-0.3	-0.74	-0.66	0.21	0.38	-0.64	-0.35	-0.24	-0.65	-0.59	0.99	-0.67	-0.38	-0.8	-0.63	-0.77	-0.34	0.05	-0.62	-0.66	0.91	-0.63	0.6
Other Current Liab	0.46	-0.28		0.9	0.35	0.33	0.55	-0.54	0.36	0.72	0.52	0.36	0.55	-0.29	0.47	0.7	0.29	0.38	0.38	0.32	0.52	0.54	0.31	-0.29	0.62	-0.1
Total Current Liabilities	0.52	-0.3	0.9		0.41	0.37	0.69	-0.51	0.42	0.95	0.48	0.41	0.68	-0.34	0.44	0.91	0.47	0.43	0.47	0.15	0.14	0.62	0.33	-0.37	0.71	0.08
Total Stockholder Equity	0.99	-0.74	0.35	0.41		0.98	-0.09	-0.35	0.99	0.45	0.28	0.98	0.9	-0.77	0.88	0.58	0.47	0.98	0.98	0.23	-0.27	0.95	0.98	-0.6	0.86	-0.22
Property Plant And Equipment Net	0.98	-0.66	0.33	0.37	0.98		-0.11	-0.21	0.99	0.39	0.15	1.0	0.91	-0.69	0.82	0.55	0.38	1.0	0.96	0.22	-0.29	0.96	1.0	-0.46	0.81	-0.15
Current Deferred Revenue	0.02	0.21	0.55	0.69	-0.09	-0.11		-0.35	-0.05	0.65	0.37	-0.08	0.23	0.19	0.04	0.55	0.05	-0.06	-0.03	-0.15	0.11	0.12	-0.15	0.1	0.27	0.24
Net Debt	-0.33	0.38	-0.54	-0.51	-0.35	-0.21	-0.35		-0.3	-0.44	-0.98	-0.22	-0.32	0.34	-0.62	-0.37	-0.26	-0.21	-0.3	-0.29	-0.4	-0.31	-0.19	0.55	-0.53	0.43
Retained Earnings	0.99	-0.64	0.36	0.42	0.99	0.99	-0.05	-0.3		0.44	0.25	0.99	0.92	-0.67	0.86	0.59	0.37	0.99	0.96	0.22	-0.29	0.97	0.98	-0.48	0.85	-0.14
Accounts Payable	0.54	-0.35	0.72	0.95	0.45	0.39	0.65	-0.44	0.44		0.4	0.42	0.71	-0.4	0.41	0.96	0.59	0.45	0.52	0.06	-0.14	0.62	0.35	-0.45	0.73	0.13
Cash	0.27	-0.24	0.52	0.48	0.28	0.15	0.37	-0.98	0.25	0.4		0.16	0.27	-0.21	0.53	0.31	0.11	0.16	0.22	0.23	0.42	0.25	0.14	-0.43	0.44	-0.34
Non Current Assets Total	0.99	-0.65	0.36	0.41	0.98	1.0	-0.08	-0.22	0.99	0.42	0.16		0.92	-0.69	0.82	0.58	0.39	1.0	0.97	0.21	-0.29	0.97	1.0	-0.46	0.82	-0.14
Other Assets	0.95	-0.59	0.55	0.68	0.9	0.91	0.23	-0.32	0.92	0.71	0.27	0.92		-0.63	0.76	0.8	0.47	0.93	0.92	0.12	-0.29	0.97	0.89	-0.46	0.89	-0.06
Long Term Debt	-0.72	0.99	-0.29	-0.34	-0.77	-0.69	0.19	0.34	-0.67	-0.4	-0.21	-0.69	-0.63		-0.67	-0.45	-0.83	-0.67	-0.81	-0.28	0.12	-0.66	-0.69	0.92	-0.67	0.49
Cash And Short Term Investments	0.86	-0.67	0.47	0.44	0.88	0.82	0.04	-0.62	0.86	0.41	0.53	0.82	0.76	-0.67		0.55	0.4	0.82	0.83	0.38	0.0	0.82	0.81	-0.62	0.91	-0.33
Net Receivables	0.68	-0.38	0.7	0.91	0.58	0.55	0.55	-0.37	0.59	0.96	0.31	0.58	0.8	-0.45	0.55		0.59	0.61	0.65	0.08	-0.23	0.75	0.51	-0.42	0.84	0.18
Common Stock Shares Outstanding	0.47	-0.8	0.29	0.47	0.47	0.38	0.05	-0.26	0.37	0.59	0.11	0.39	0.47	-0.83	0.4	0.59		0.39	0.6	0.14	-0.24	0.45	0.36	-0.84	0.58	-0.3
Non Current Liabilities Total	0.99	-0.63	0.38	0.43	0.98	1.0	-0.06	-0.21	0.99	0.45	0.16	1.0	0.93	-0.67	0.82	0.61	0.39		0.96	0.21	-0.29	0.98	0.99	-0.45	0.83	-0.1
Inventory	0.98	-0.77	0.38	0.47	0.98	0.96	-0.03	-0.3	0.96	0.52	0.22	0.97	0.92	-0.81	0.83	0.65	0.6	0.96		0.21	-0.31	0.95	0.95	-0.63	0.88	-0.22
Other Current Assets	0.23	-0.34	0.32	0.15	0.23	0.22	-0.15	-0.29	0.22	0.06	0.23	0.21	0.12	-0.28	0.38	0.08	0.14	0.21	0.21		0.39	0.22	0.21	-0.26	0.29	-0.51
Other Stockholder Equity	-0.25	0.05	0.52	0.14	-0.27	-0.29	0.11	-0.4	-0.29	-0.14	0.42	-0.29	-0.29	0.12	0.0	-0.23	-0.24	-0.29	-0.31	0.39		-0.23	-0.28	0.03	-0.15	-0.39
Total Liab	0.99	-0.62	0.54	0.62	0.95	0.96	0.12	-0.31	0.97	0.62	0.25	0.97	0.97	-0.66	0.82	0.75	0.45	0.98	0.95	0.22	-0.23		0.95	-0.48	0.9	-0.07
Property Plant And Equipment Gross	0.97	-0.66	0.31	0.33	0.98	1.0	-0.15	-0.19	0.98	0.35	0.14	1.0	0.89	-0.69	0.81	0.51	0.36	0.99	0.95	0.21	-0.28	0.95		-0.45	0.78	-0.17
Preferred Stock Total Equity	-0.54	0.91	-0.29	-0.37	-0.6	-0.46	0.1	0.55	-0.48	-0.45	-0.43	-0.46	-0.46	0.92	-0.62	-0.42	-0.84	-0.45	-0.63	-0.26	0.03	-0.48	-0.45		-0.61	0.47
Total Current Assets	0.89	-0.63	0.62	0.71	0.86	0.81	0.27	-0.53	0.85	0.73	0.44	0.82	0.89	-0.67	0.91	0.84	0.58	0.83	0.88	0.29	-0.15	0.9	0.78	-0.61		-0.14
Short Term Debt	-0.14	0.6	-0.1	0.08	-0.22	-0.15	0.24	0.43	-0.14	0.13	-0.34	-0.14	-0.06	0.49	-0.33	0.18	-0.3	-0.1	-0.22	-0.51	-0.39	-0.07	-0.17	0.47	-0.14

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Retractable Technologies Account Relationship Matchups

Retractable Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.2M	105.0M	206.3M	195.7M	179.7M	188.7M
Short Long Term Debt Total	2.6M	3.7M	2.1M	1.8M	1.5M	1.5M
Other Current Liab	2.0M	8.9M	12.3M	5.0M	4.1M	4.1M
Total Current Liabilities	8.3M	27.9M	35.3M	12.1M	9.4M	12.0M
Total Stockholder Equity	28.5M	49.9M	99.2M	106.5M	99.3M	104.3M
Property Plant And Equipment Net	10.6M	30.8M	87.9M	100.2M	93.5M	98.2M
Current Deferred Revenue	998.6K	1.7M	2.3M	435.9K	201.5K	191.4K
Net Debt	(3.3M)	(13.8M)	(27.1M)	(17.9M)	(11.1M)	(11.7M)
Retained Earnings	(33.9M)	(9.7M)	41.2M	46.0M	38.8M	40.7M
Accounts Payable	5.0M	16.3M	20.4M	6.4M	4.8M	6.3M
Cash	5.9M	17.6M	29.2M	19.7M	12.7M	17.7M
Non Current Assets Total	10.8M	35.5M	101.8M	106.9M	102.0M	107.1M
Other Assets	56.3K	4.6M	13.9M	6.7M	7.7M	8.1M
Long Term Debt	2.4M	2.7M	1.8M	1.5M	1.2M	1.2M
Cash And Short Term Investments	13.7M	25.6M	42.4M	49.4M	47.3M	28.6M
Net Receivables	6.6M	32.9M	40.8M	17.5M	11.8M	8.7M
Common Stock Shares Outstanding	32.7M	33.3M	34.2M	33.0M	29.9M	29.7M
Liabilities And Stockholders Equity	39.2M	105.0M	206.3M	195.7M	179.7M	188.7M
Non Current Liabilities Total	2.4M	27.2M	71.8M	77.0M	71.0M	74.6M
Inventory	7.5M	10.2M	20.6M	20.7M	17.6M	18.5M
Other Current Assets	635.2K	684.3K	702.0K	1.3M	952.7K	667.2K
Other Stockholder Equity	61.7M	59.3M	52.5M	47.4M	60.3M	57.3M
Total Liab	10.6M	55.1M	107.1M	89.1M	80.4M	84.4M
Property Plant And Equipment Gross	10.6M	30.8M	115.5M	132.3M	133.2M	139.9M
Total Current Assets	28.4M	69.5M	104.5M	88.8M	77.6M	46.5M
Accumulated Other Comprehensive Income	(25.4M)	0.0	5.3M	12.9M	12.9M	13.5M
Short Term Debt	260.9K	1.0M	289.1K	286.0K	310.0K	417.8K
Property Plant Equipment	10.6M	30.9M	87.9M	100.2M	115.2M	120.9M
Non Currrent Assets Other	138.7K	44.6K	5.7K	184.5K	152.1K	84.6K
Net Tangible Assets	27.8M	49.6M	98.9M	106.3M	122.3M	128.4M
Retained Earnings Total Equity	(35.7M)	(37.0M)	(33.9M)	(9.7M)	(8.7M)	(9.1M)
Short Term Investments	7.8M	8.1M	13.3M	29.7M	34.6M	36.4M
Long Term Debt Total	2.4M	2.7M	1.8M	1.5M	1.4M	2.4M
Capital Surpluse	61.7M	59.3M	63.0M	73.2M	84.1M	67.4M
Short Long Term Debt	260.9K	1.0M	289.1K	286.0K	304.0K	419.9K

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Retractable Total Stockholder Equity vs Total Current Liabilities Analysis

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Total Current Liabilities

Retractable Technologies fundamental ratios Correlations

Retractable Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Retractable Technologies fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Retractable Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets

Cash	- 0.98	Net Debt
Preferred Stock Total Equity	- 0.84	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.83	Long Term Debt
Inventory	- 0.81	Long Term Debt
Common Stock Shares Outstanding	- 0.8	Short Long Term Debt Total
Long Term Debt	- 0.77	Total Stockholder Equity