Relay Capital Expenditures vs Free Cash Flow Analysis

RLAY Stock

USD 6.20 0.06 0.98%

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

For more information on how to buy Relay Stock please use our How to Invest in Relay Therapeutics guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Relay Therapeutics Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Relay Therapeutics' Capital Expenditures and Free Cash Flow is -0.61. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Relay Therapeutics, assuming nothing else is changed. The correlation between historical values of Relay Therapeutics' Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Relay Therapeutics are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Relay Therapeutics' Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Relay Therapeutics to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Relay Therapeutics operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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

For more information on how to buy Relay Stock please use our How to Invest in Relay Therapeutics guide.Selling General Administrative is likely to drop to about 47.6 M in 2024. Issuance Of Capital Stock is likely to drop to about 8.9 M in 2024

	2021	2022	2023	2024 (projected)
Interest Income	830K	8.8M	31.0M	32.6M
Net Interest Income	830K	8.8M	31.0M	32.6M

Interest Income Net Interest Income

Relay Therapeutics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.85	0.7	0.87	0.99	0.84	0.95	0.83	0.67	-0.44	-0.85	0.9	0.51	0.85	0.75	0.73	0.99	0.95	0.95	-0.95	0.92	0.85	0.53	0.9	-0.93	0.99
Short Long Term Debt Total	0.85		0.62	0.89	0.84	0.66	0.86	1.0	0.85	-0.05	-0.9	0.97	0.13	1.0	0.74	0.73	0.81	0.9	0.91	-0.83	0.89	1.0	0.16	0.82	-0.81	0.84
Other Current Liab	0.7	0.62		0.89	0.6	0.52	0.47	0.64	0.4	-0.7	-0.45	0.69	0.74	0.65	0.61	0.59	0.72	0.56	0.61	-0.46	0.49	0.62	0.17	0.54	-0.42	0.6
Total Current Liabilities	0.87	0.89	0.89		0.8	0.67	0.77	0.91	0.76	-0.39	-0.8	0.92	0.47	0.91	0.78	0.76	0.87	0.81	0.86	-0.73	0.81	0.89	0.14	0.82	-0.7	0.8
Total Stockholder Equity	0.99	0.84	0.6	0.8		0.8	0.96	0.82	0.65	-0.38	-0.84	0.87	0.44	0.83	0.68	0.67	0.97	0.98	0.94	-0.98	0.92	0.84	0.55	0.87	-0.97	1.0
Other Liab	0.84	0.66	0.52	0.67	0.8		0.77	0.65	0.42	-0.44	-0.75	0.78	0.5	0.67	0.9	0.89	0.87	0.81	0.87	-0.73	0.78	0.66	0.69	0.83	-0.72	0.8
Net Tangible Assets	0.95	0.86	0.47	0.77	0.96	0.77		0.84	0.8	-0.16	-0.94	0.88	0.23	0.85	0.71	0.68	0.92	0.95	0.94	-0.98	0.99	0.86	0.42	0.94	-0.98	0.96
Property Plant And Equipment Net	0.83	1.0	0.64	0.91	0.82	0.65	0.84		0.87	-0.05	-0.89	0.97	0.13	1.0	0.75	0.75	0.8	0.88	0.91	-0.81	0.88	1.0	0.11	0.82	-0.78	0.82
Current Deferred Revenue	0.67	0.85	0.4	0.76	0.65	0.42	0.8	0.87		0.22	-0.91	0.8	-0.15	0.86	0.61	0.59	0.63	0.72	0.76	-0.72	0.86	0.85	-0.2	0.83	-0.7	0.65
Net Debt	-0.44	-0.05	-0.7	-0.39	-0.38	-0.44	-0.16	-0.05	0.22		-0.01	-0.18	-1.0	-0.07	-0.31	-0.29	-0.5	-0.26	-0.27	0.2	-0.1	-0.05	-0.54	-0.2	0.19	-0.38
Retained Earnings	-0.85	-0.9	-0.45	-0.8	-0.84	-0.75	-0.94	-0.89	-0.91	-0.01		-0.91	-0.07	-0.9	-0.82	-0.79	-0.84	-0.89	-0.93	0.87	-0.98	-0.9	-0.2	-0.97	0.86	-0.84
Accounts Payable	0.9	0.97	0.69	0.92	0.87	0.78	0.88	0.97	0.8	-0.18	-0.91		0.26	0.97	0.82	0.8	0.89	0.9	0.94	-0.84	0.91	0.97	0.29	0.87	-0.82	0.87
Cash	0.51	0.13	0.74	0.47	0.44	0.5	0.23	0.13	-0.15	-1.0	-0.07	0.26		0.15	0.37	0.35	0.56	0.33	0.34	-0.27	0.18	0.13	0.55	0.27	-0.25	0.44
Non Current Assets Total	0.85	1.0	0.65	0.91	0.83	0.67	0.85	1.0	0.86	-0.07	-0.9	0.97	0.15		0.77	0.77	0.82	0.89	0.92	-0.81	0.89	1.0	0.13	0.84	-0.79	0.83
Non Currrent Assets Other	0.75	0.74	0.61	0.78	0.68	0.9	0.71	0.75	0.61	-0.31	-0.82	0.82	0.37	0.77		0.99	0.78	0.75	0.87	-0.6	0.77	0.74	0.31	0.86	-0.58	0.68
Other Assets	0.73	0.73	0.59	0.76	0.67	0.89	0.68	0.75	0.59	-0.29	-0.79	0.8	0.35	0.77	0.99		0.76	0.76	0.87	-0.59	0.74	0.73	0.3	0.83	-0.56	0.67
Cash And Short Term Investments	0.99	0.81	0.72	0.87	0.97	0.87	0.92	0.8	0.63	-0.5	-0.84	0.89	0.56	0.82	0.78	0.76		0.93	0.94	-0.92	0.91	0.81	0.55	0.9	-0.9	0.97
Common Stock Total Equity	0.95	0.9	0.56	0.81	0.98	0.81	0.95	0.88	0.72	-0.26	-0.89	0.9	0.33	0.89	0.75	0.76	0.93		0.98	-0.95	0.94	0.9	0.46	0.89	-0.95	0.98
Common Stock Shares Outstanding	0.95	0.91	0.61	0.86	0.94	0.87	0.94	0.91	0.76	-0.27	-0.93	0.94	0.34	0.92	0.87	0.87	0.94	0.98		-0.9	0.95	0.91	0.4	0.94	-0.89	0.94
Non Current Liabilities Total	-0.95	-0.83	-0.46	-0.73	-0.98	-0.73	-0.98	-0.81	-0.72	0.2	0.87	-0.84	-0.27	-0.81	-0.6	-0.59	-0.92	-0.95	-0.9		-0.95	-0.83	-0.48	-0.87	1.0	-0.98
Capital Surpluse	0.92	0.89	0.49	0.81	0.92	0.78	0.99	0.88	0.86	-0.1	-0.98	0.91	0.18	0.89	0.77	0.74	0.91	0.94	0.95	-0.95		0.89	0.33	0.97	-0.94	0.92
Capital Lease Obligations	0.85	1.0	0.62	0.89	0.84	0.66	0.86	1.0	0.85	-0.05	-0.9	0.97	0.13	1.0	0.74	0.73	0.81	0.9	0.91	-0.83	0.89		0.16	0.82	-0.81	0.84
Other Current Assets	0.53	0.16	0.17	0.14	0.55	0.69	0.42	0.11	-0.2	-0.54	-0.2	0.29	0.55	0.13	0.31	0.3	0.55	0.46	0.4	-0.48	0.33	0.16		0.3	-0.5	0.55
Other Stockholder Equity	0.9	0.82	0.54	0.82	0.87	0.83	0.94	0.82	0.83	-0.2	-0.97	0.87	0.27	0.84	0.86	0.83	0.9	0.89	0.94	-0.87	0.97	0.82	0.3		-0.86	0.87
Total Liab	-0.93	-0.81	-0.42	-0.7	-0.97	-0.72	-0.98	-0.78	-0.7	0.19	0.86	-0.82	-0.25	-0.79	-0.58	-0.56	-0.9	-0.95	-0.89	1.0	-0.94	-0.81	-0.5	-0.86		-0.97
Net Invested Capital	0.99	0.84	0.6	0.8	1.0	0.8	0.96	0.82	0.65	-0.38	-0.84	0.87	0.44	0.83	0.68	0.67	0.97	0.98	0.94	-0.98	0.92	0.84	0.55	0.87	-0.97

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Relay Therapeutics Account Relationship Matchups

Relay Therapeutics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	393.1M	799.8M	1.0B	1.1B	844.0M	838.5M
Short Long Term Debt Total	24.8M	24.4M	22.9M	57.7M	53.5M	33.6M
Other Current Liab	333K	197K	14.0M	48.9M	1.2M	1.1M
Total Current Liabilities	12.0M	13.6M	24.3M	63.7M	30.3M	27.6M
Total Stockholder Equity	(180.4M)	763.3M	897.8M	950.2M	752.0M	563.2M
Other Liab	156K	3K	65.3M	32.4M	37.2M	21.6M
Net Tangible Assets	(180.4M)	763.3M	895.5M	947.9M	1.1B	1.1B
Property Plant And Equipment Net	31.7M	28.8M	27.3M	75.4M	68.9M	43.2M
Current Deferred Revenue	3.4M	5.6M	248K	14.9M	17.1M	18.0M
Net Debt	(17.1M)	(423.2M)	(935.2M)	(941.2M)	(90.3M)	(94.8M)
Retained Earnings	(189.5M)	(404.2M)	(768.1M)	(1.1B)	(1.4B)	(1.3B)
Accounts Payable	7.0M	6.4M	8.3M	10.6M	9.2M	8.5M
Cash	42.0M	447.6M	958.1M	998.9M	143.7M	136.5M
Non Current Assets Total	32.5M	29.7M	32.2M	80.3M	73.9M	46.4M
Cash And Short Term Investments	355.8M	678.1M	958.1M	998.9M	750.1M	763.1M
Common Stock Total Equity	4K	90K	109K	121K	139.2K	71.9K
Common Stock Shares Outstanding	4.3M	42.6M	95.1M	112.2M	122.6M	69.5M
Short Term Investments	313.9M	230.4M	678.0M	847.1M	606.4M	490.5M
Liabilities And Stockholders Equity	393.1M	799.8M	1.0B	1.1B	844.0M	838.5M
Non Current Liabilities Total	561.5M	22.9M	86.3M	85.8M	61.7M	58.6M
Capital Surpluse	8.7M	1.2B	1.7B	2.0B	2.3B	2.4B
Capital Lease Obligations	24.8M	24.4M	22.9M	57.7M	53.5M	33.6M
Other Current Assets	4.7M	247.5M	695.7M	3.3M	3.3M	3.1M
Other Stockholder Equity	(529.1M)	367.5M	1.7B	2.0B	2.2B	2.3B
Total Liab	573.5M	36.5M	110.6M	149.6M	92.0M	87.4M
Net Invested Capital	(180.4M)	763.3M	897.8M	950.2M	752.0M	563.2M
Property Plant And Equipment Gross	31.7M	28.8M	41.7M	93.8M	92.5M	53.5M
Total Current Assets	360.5M	770.1M	976.2M	1.0B	770.1M	792.1M
Accumulated Other Comprehensive Income	325K	64K	(1.1M)	(10.4M)	(196K)	(205.8K)
Capital Stock	4K	90K	109K	121K	127K	83.2K
Non Current Liabilities Other	156K	22.9M	86.3M	32.4M	13.2M	12.5M
Net Working Capital	348.6M	756.5M	951.9M	955.8M	739.8M	764.5M
Short Term Debt	1.2M	1.5M	1.8M	4.3M	5.0M	2.6M
Common Stock	4K	90K	109K	121K	127K	83.2K
Property Plant Equipment	31.7M	28.8M	6.5M	11.6M	10.5M	13.2M

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Relay Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Relay Therapeutics fundamental ratios Correlations

Relay Therapeutics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Relay Therapeutics fundamental ratios Accounts

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Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Capital Lease Obligations	+ 1.0	Property Plant And Equipment Net

Cash	- 1.0	Net Debt
Net Invested Capital	- 0.98	Non Current Liabilities Total
Capital Surpluse	- 0.98	Retained Earnings
Total Liab	- 0.98	Net Tangible Assets
Non Current Liabilities Total	- 0.98	Net Tangible Assets
Non Current Liabilities Total	- 0.98	Total Stockholder Equity