Reliance Net Debt vs Net Receivables Analysis

RELIW Stock

USD 0.03 0.02 35.90%

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

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Global Group Net Debt account and Net Receivables. At this time, the significance of the direction appears to have strong relationship.

The correlation between Reliance Global's Net Debt and Net Receivables is 0.63. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Reliance Global Group, assuming nothing else is changed. The correlation between historical values of Reliance Global's Net Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Reliance Global Group are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Reliance Global's Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Receivables

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

Selling General Administrative is likely to drop to about 2.7 M in 2024. Issuance Of Capital Stock is likely to drop to about 3.3 M in 2024

	2021	2022	2023	2024 (projected)
Total Operating Expenses	5.5M	12.1M	16.4M	17.2M
Cost Of Revenue	7.1M	12.0M	11.2M	11.8M

Total Operating Expenses Cost Of Revenue

Reliance Global fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Net Invested Capital	Short Long Term Debt
Total Assets		0.58	-0.12	-0.18	0.75	-0.8	0.9	0.57	0.93	-0.79	0.57	0.82	0.78	0.88	0.58	0.84	0.87	-0.15	0.75	0.63	0.91	0.91	0.43	0.34	0.45	0.34
Total Current Liabilities	0.58		-0.87	-0.12	0.19	-0.53	0.39	0.94	0.45	-0.83	0.91	0.46	0.42	0.32	0.76	0.3	0.9	-0.12	0.8	0.88	0.58	0.37	0.97	0.53	-0.36	0.07
Total Stockholder Equity	-0.12	-0.87		0.07	0.15	0.1	0.04	-0.77	-0.02	0.55	-0.71	-0.01	-0.05	0.09	-0.49	0.2	-0.59	0.1	-0.46	-0.7	-0.17	0.07	-0.9	-0.53	0.71	0.03
Property Plant And Equipment Net	-0.18	-0.12	0.07		-0.32	0.38	-0.26	-0.12	-0.2	0.05	-0.15	-0.35	-0.39	-0.26	-0.27	-0.24	-0.21	0.97	-0.22	-0.27	-0.12	-0.34	0.0	-0.23	-0.28	-0.35
Net Debt	0.75	0.19	0.15	-0.32		-0.59	0.75	0.15	0.9	-0.39	0.16	0.63	0.89	0.95	0.29	0.64	0.52	-0.33	0.37	0.48	0.65	0.86	-0.02	0.6	0.77	0.81
Retained Earnings	-0.8	-0.53	0.1	0.38	-0.59		-0.7	-0.67	-0.72	0.52	-0.73	-0.96	-0.83	-0.68	-0.87	-0.9	-0.75	0.31	-0.91	-0.68	-0.65	-0.8	-0.4	-0.18	-0.46	-0.23
Accounts Payable	0.9	0.39	0.04	-0.26	0.75	-0.7		0.36	0.87	-0.72	0.36	0.82	0.72	0.84	0.45	0.79	0.7	-0.3	0.57	0.45	0.87	0.86	0.22	0.28	0.55	0.42
Cash	0.57	0.94	-0.77	-0.12	0.15	-0.67	0.36		0.41	-0.72	0.99	0.57	0.44	0.29	0.89	0.42	0.86	-0.07	0.9	0.87	0.5	0.37	0.93	0.35	-0.3	-0.05
Non Current Assets Total	0.93	0.45	-0.02	-0.2	0.9	-0.72	0.87	0.41		-0.7	0.41	0.75	0.86	0.98	0.45	0.81	0.76	-0.17	0.62	0.57	0.9	0.88	0.28	0.48	0.6	0.54
Non Currrent Assets Other	-0.79	-0.83	0.55	0.05	-0.39	0.52	-0.72	-0.72	-0.7		-0.68	-0.55	-0.45	-0.57	-0.53	-0.52	-0.9	0.07	-0.7	-0.64	-0.88	-0.53	-0.77	-0.39	0.08	-0.1
Cash And Short Term Investments	0.57	0.91	-0.71	-0.15	0.16	-0.73	0.36	0.99	0.41	-0.68		0.64	0.5	0.29	0.94	0.48	0.85	-0.1	0.94	0.86	0.5	0.39	0.89	0.32	-0.23	-0.04
Net Receivables	0.82	0.46	-0.01	-0.35	0.63	-0.96	0.82	0.57	0.75	-0.55	0.64		0.83	0.7	0.8	0.91	0.72	-0.33	0.84	0.61	0.7	0.84	0.31	0.18	0.54	0.31
Common Stock Total Equity	0.78	0.42	-0.05	-0.39	0.89	-0.83	0.72	0.44	0.86	-0.45	0.5	0.83		0.87	0.65	0.75	0.7	-0.38	0.68	0.71	0.66	0.88	0.23	0.6	0.65	0.71
Non Current Liabilities Total	0.88	0.32	0.09	-0.26	0.95	-0.68	0.84	0.29	0.98	-0.57	0.29	0.7	0.87		0.36	0.78	0.66	-0.23	0.51	0.5	0.83	0.88	0.14	0.49	0.71	0.62
Other Current Assets	0.58	0.76	-0.49	-0.27	0.29	-0.87	0.45	0.89	0.45	-0.53	0.94	0.8	0.65	0.36		0.6	0.78	-0.23	0.95	0.84	0.45	0.53	0.69	0.29	0.02	0.11
Other Stockholder Equity	0.84	0.3	0.2	-0.24	0.64	-0.9	0.79	0.42	0.81	-0.52	0.48	0.91	0.75	0.78	0.6		0.62	-0.15	0.74	0.38	0.78	0.79	0.18	-0.02	0.65	0.15
Total Liab	0.87	0.9	-0.59	-0.21	0.52	-0.75	0.7	0.86	0.76	-0.9	0.85	0.72	0.7	0.66	0.78	0.62		-0.2	0.88	0.87	0.82	0.72	0.8	0.53	0.04	0.26
Property Plant And Equipment Gross	-0.15	-0.12	0.1	0.97	-0.33	0.31	-0.3	-0.07	-0.17	0.07	-0.1	-0.33	-0.38	-0.23	-0.23	-0.15	-0.2		-0.15	-0.28	-0.11	-0.34	0.02	-0.33	-0.25	-0.46
Total Current Assets	0.75	0.8	-0.46	-0.22	0.37	-0.91	0.57	0.9	0.62	-0.7	0.94	0.84	0.68	0.51	0.95	0.74	0.88	-0.15		0.82	0.65	0.63	0.74	0.26	0.09	0.06
Common Stock	0.63	0.88	-0.7	-0.27	0.48	-0.68	0.45	0.87	0.57	-0.64	0.86	0.61	0.71	0.5	0.84	0.38	0.87	-0.28	0.82		0.5	0.58	0.77	0.72	-0.05	0.43
Common Stock Shares Outstanding	0.91	0.58	-0.17	-0.12	0.65	-0.65	0.87	0.5	0.9	-0.88	0.5	0.7	0.66	0.83	0.45	0.78	0.82	-0.11	0.65	0.5		0.74	0.46	0.32	0.36	0.26
Short Long Term Debt Total	0.91	0.37	0.07	-0.34	0.86	-0.8	0.86	0.37	0.88	-0.53	0.39	0.84	0.88	0.88	0.53	0.79	0.72	-0.34	0.63	0.58	0.74		0.16	0.42	0.67	0.59
Other Current Liab	0.43	0.97	-0.9	0.0	-0.02	-0.4	0.22	0.93	0.28	-0.77	0.89	0.31	0.23	0.14	0.69	0.18	0.8	0.02	0.74	0.77	0.46	0.16		0.39	-0.54	-0.14
Current Deferred Revenue	0.34	0.53	-0.53	-0.23	0.6	-0.18	0.28	0.35	0.48	-0.39	0.32	0.18	0.6	0.49	0.29	-0.02	0.53	-0.33	0.26	0.72	0.32	0.42	0.39		0.05	0.81
Net Invested Capital	0.45	-0.36	0.71	-0.28	0.77	-0.46	0.55	-0.3	0.6	0.08	-0.23	0.54	0.65	0.71	0.02	0.65	0.04	-0.25	0.09	-0.05	0.36	0.67	-0.54	0.05		0.55
Short Long Term Debt	0.34	0.07	0.03	-0.35	0.81	-0.23	0.42	-0.05	0.54	-0.1	-0.04	0.31	0.71	0.62	0.11	0.15	0.26	-0.46	0.06	0.43	0.26	0.59	-0.14	0.81	0.55

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Reliance Global Account Relationship Matchups

Reliance Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.0M	17.9M	27.7M	38.4M	23.0M	13.3M
Total Current Liabilities	4.7M	6.9M	45.0M	7.8M	3.2M	3.0M
Total Stockholder Equity	642.3K	114.4K	(26.1M)	8.9M	7.1M	7.5M
Retained Earnings	(8.8M)	(12.5M)	(33.5M)	(27.0M)	(39.0M)	(37.1M)
Cash And Short Term Investments	6.7K	45.2K	4.1M	505.4K	1.3M	1.4M
Other Current Assets	32.3K	528.2K	2.8M	249.3K	1.7M	1.8M
Total Liab	16.4M	17.8M	53.7M	29.5M	15.9M	13.8M
Total Current Assets	647.0K	810.1K	8.0M	3.3M	4.4M	4.6M
Common Stock	352.7K	363.5K	940.8K	104.9K	409.5K	257.5K
Short Long Term Debt Total	13.3M	14.0M	9.4M	16.4M	14.5M	10.9M
Short Term Debt	4.5M	5.7M	1.2M	1.6M	2.2M	2.6M
Long Term Debt	8.4M	8.0M	7.4M	14.0M	11.9M	9.4M
Good Will	8.5M	9.3M	10.1M	19.1M	6.7M	10.2M
Intangible Assets	6.6M	5.7M	7.1M	13.8M	11.0M	8.2M

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Reliance Net Debt vs Net Receivables Analysis

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Debt

Net Receivables

Reliance Global fundamental ratios Correlations

Reliance Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Reliance Global fundamental ratios Accounts

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Additional Tools for Reliance Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Non Current Liabilities Total	+ 0.98	Non Current Assets Total
Other Current Liab	+ 0.97	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.97	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.95	Net Debt
Total Current Assets	+ 0.95	Other Current Assets

Net Receivables	- 0.96	Retained Earnings
Total Current Assets	- 0.91	Retained Earnings
Total Liab	- 0.9	Non Currrent Assets Other
Other Stockholder Equity	- 0.9	Retained Earnings
Other Current Liab	- 0.9	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.88	Non Currrent Assets Other