Extra Long Term Debt vs Cash And Short Term Investments Analysis
EXR Stock | USD 141.87 2.08 1.49% |
Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Long Term Debt and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Long Term Debt vs Cash And Short Term Investments
Long Term Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Long Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Extra Space's Long Term Debt and Cash And Short Term Investments is 0.48. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Long Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Extra Space Storage are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Long Term Debt i.e., Extra Space's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Extra Space Storage has held for over one year. Long-term debt appears on Extra Space Storage balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Extra Space Storage balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Extra Space Storage balance sheet. This account contains Extra Space investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Extra Space Storage fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, Extra Space's Selling General Administrative is relatively stable compared to the past year. As of 05/04/2024, Issuance Of Capital Stock is likely to grow to 0.00, while Tax Provision is likely to drop slightly above 15.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.5B | 2.5B | 2.6B | Total Revenue | 1.6B | 1.9B | 2.6B | 2.7B |
Extra Space fundamental ratios Correlations
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Extra Space Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Extra Space fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.5B | 9.4B | 10.5B | 12.2B | 27.5B | 28.8B | |
Common Stock Shares Outstanding | 136.4M | 129.6M | 140.0M | 141.7M | 169.2M | 102.0M | |
Liabilities And Stockholders Equity | 8.5B | 9.4B | 10.5B | 12.2B | 27.5B | 28.8B | |
Other Current Liab | 45.3M | 47.1M | 63.6M | 67.4M | (689.8M) | (655.3M) | |
Total Stockholder Equity | 2.5B | 2.5B | 3.1B | 3.3B | 14.4B | 15.1B | |
Other Liab | 96.5M | 272.8M | 291.5M | 144.0M | 165.6M | 173.9M | |
Accounts Payable | 111.4M | 130.0M | 142.3M | 171.7M | 334.5M | 351.2M | |
Cash | 65.7M | 109.1M | 71.1M | 92.9M | 99.1M | 65.3M | |
Other Assets | 159.2M | 9.3B | 9.7B | 11.0B | 24.6B | 25.8B | |
Long Term Debt | 4.9B | 4.8B | 5.4B | 7.3B | 10.3B | 10.9B | |
Other Stockholder Equity | 2.9B | 3.0B | 3.3B | 3.3B | 14.8B | 15.5B | |
Total Liab | 5.6B | 6.5B | 6.7B | 8.1B | 12.0B | 12.6B | |
Common Stock | 1.3M | 1.3M | 1.3M | 1.3M | 2.1M | 2.6M | |
Property Plant Equipment | 7.7B | 7.9B | 9.1B | 10.3B | 11.8B | 12.4B | |
Short Long Term Debt Total | 5.3B | 6.0B | 6.2B | 7.6B | 11.4B | 12.0B | |
Total Current Liabilities | 314.6M | 1.1B | 740.9M | 1.2B | 1.1B | 1.1B | |
Net Debt | 5.3B | 5.9B | 6.1B | 7.5B | 11.3B | 11.9B | |
Retained Earnings | (301.0M) | (354.9M) | (128.2M) | (135.9M) | (379.0M) | (360.1M) | |
Non Current Assets Total | 8.5B | 9.3B | 10.4B | 12.1B | 26.5B | 27.9B | |
Non Currrent Assets Other | 162.1M | 130.6M | 159.2M | 10.2B | 23.7B | 24.9B | |
Cash And Short Term Investments | 65.7M | 109.1M | 71.1M | 92.9M | 99.1M | 69.1M | |
Common Stock Total Equity | 1.3M | 1.3M | 1.3M | 1.3M | 1.2M | 981.5K | |
Non Current Liabilities Total | 5.3B | 5.3B | 5.9B | 6.9B | 11.0B | 11.5B | |
Total Current Assets | 70.7M | 128.0M | 76.2M | 92.9M | 929.7M | 976.2M | |
Short Term Debt | 158M | 949M | 535M | 945M | 689.8M | 464.8M | |
Accumulated Other Comprehensive Income | (29.0M) | (99.1M) | (42.5M) | 48.8M | 17.4M | 18.3M | |
Other Current Assets | (70.7M) | (128.0M) | (495.4M) | 55.2M | (838.5M) | (796.6M) | |
Intangible Assets | 134.9M | 137.1M | 147.0M | 21.6M | 147.6M | 91.0M | |
Net Tangible Assets | 2.5B | 2.5B | 3.1B | 3.1B | 3.5B | 2.3B | |
Noncontrolling Interest In Consolidated Entity | 371.7M | 381.7M | 388.3M | 669.5M | 769.9M | 808.4M | |
Retained Earnings Total Equity | (262.9M) | (301.0M) | (354.9M) | (128.2M) | (147.5M) | (154.9M) | |
Long Term Debt Total | 4.9B | 4.8B | 6.0B | 7.5B | 8.6B | 9.0B | |
Capital Surpluse | 2.9B | 3.0B | 3.3B | 3.3B | 3.8B | 2.6B |
Pair Trading with Extra Space
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 Extra Space 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 Extra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Extra Stock
0.72 | ARE | Alexandria Real Estate | PairCorr |
The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space 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 Extra Space - 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 Extra Space Storage to buy it.
The correlation of Extra Space 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 Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage 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 Extra Space 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is Extra Space's 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 Extra Space. If investors know Extra 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 Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Dividend Share 6.48 | Earnings Share 4.29 | Revenue Per Share 15.453 | Quarterly Revenue Growth 0.557 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's 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 Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's 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 Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's 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.