Independence Invested Capital vs Free Cash Flow Analysis

IRT Stock

USD 15.76 0.09 0.57%

Independence Realty financial indicator trend analysis is infinitely more than just investigating Independence Realty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Realty Trust is a good investment. Please check the relationship between Independence Realty Invested Capital and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. 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.

Invested Capital vs Free Cash Flow

Invested Capital vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Invested Capital account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Independence Realty's Invested Capital and Free Cash Flow is -0.28. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Independence Realty Trust, assuming nothing else is changed. The correlation between historical values of Independence Realty's Invested Capital 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 Invested Capital of Independence Realty Trust 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 Invested Capital i.e., Independence Realty's Invested Capital and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Independence Realty Trust. There are two different methods for calculating Independence Realty Trust invested capital: operating approach and financing approach. Understanding Independence Realty invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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 Independence Realty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Realty Trust 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. 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, Independence Realty's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Enterprise Value Multiple is likely to drop 15.19 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	147.5M	372.2M	167.4M	103.4M
Total Revenue	250.3M	628.5M	661.0M	694.0M

Gross Profit Total Revenue

Independence Realty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Non Current Liabilities Total	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Retained Earnings Total Equity	Short Term Investments
Total Assets		-0.4	0.85	1.0	0.93	-0.88	0.77	0.77	0.98	1.0	0.99	0.78	0.98	0.92	0.85	0.86	0.93	0.99	1.0	1.0	1.0	0.81	0.87	0.3	-0.83	0.8
Other Current Liab	-0.4		0.12	-0.39	-0.7	0.23	0.03	0.03	-0.35	-0.38	-0.4	0.06	-0.4	-0.48	-0.68	-0.74	-0.22	-0.33	-0.39	-0.41	-0.39	-0.51	-0.64	-0.08	0.45	-0.4
Total Current Liabilities	0.85	0.12		0.86	0.6	-0.81	0.83	0.83	0.85	0.86	0.83	0.87	0.82	0.71	0.5	0.49	0.87	0.88	0.86	0.84	0.86	0.62	0.55	0.14	-0.62	0.66
Total Stockholder Equity	1.0	-0.39	0.86		0.92	-0.87	0.74	0.74	0.97	1.0	0.98	0.78	0.97	0.91	0.83	0.85	0.92	0.99	1.0	1.0	1.0	0.83	0.85	0.26	-0.8	0.82
Net Debt	0.93	-0.7	0.6	0.92		-0.74	0.57	0.57	0.89	0.91	0.92	0.57	0.91	0.88	0.94	0.97	0.81	0.88	0.92	0.93	0.92	0.79	0.95	0.31	-0.8	0.75
Retained Earnings	-0.88	0.23	-0.81	-0.87	-0.74		-0.73	-0.73	-0.95	-0.89	-0.89	-0.86	-0.93	-0.94	-0.7	-0.64	-0.82	-0.9	-0.88	-0.87	-0.88	-0.82	-0.7	-0.42	0.88	-0.8
Cash	0.77	0.03	0.83	0.74	0.57	-0.73		1.0	0.78	0.75	0.79	0.87	0.75	0.69	0.53	0.47	0.73	0.78	0.77	0.75	0.77	0.62	0.55	0.26	-0.5	0.7
Cash And Short Term Investments	0.77	0.03	0.83	0.74	0.57	-0.73	1.0		0.78	0.75	0.79	0.87	0.75	0.69	0.53	0.47	0.73	0.78	0.77	0.75	0.77	0.62	0.55	0.26	-0.5	0.7
Common Stock Total Equity	0.98	-0.35	0.85	0.97	0.89	-0.95	0.78	0.78		0.98	0.98	0.83	1.0	0.96	0.83	0.8	0.92	0.98	0.98	0.98	0.98	0.83	0.84	0.41	-0.88	0.82
Other Stockholder Equity	1.0	-0.38	0.86	1.0	0.91	-0.89	0.75	0.75	0.98		0.98	0.8	0.98	0.92	0.82	0.84	0.92	0.99	1.0	1.0	1.0	0.83	0.85	0.27	-0.82	0.82
Total Liab	0.99	-0.4	0.83	0.98	0.92	-0.89	0.79	0.79	0.98	0.98		0.77	0.99	0.92	0.88	0.86	0.94	0.97	0.98	0.99	0.99	0.78	0.9	0.38	-0.86	0.77
Total Current Assets	0.78	0.06	0.87	0.78	0.57	-0.86	0.87	0.87	0.83	0.8	0.77		0.78	0.81	0.46	0.43	0.68	0.85	0.8	0.76	0.79	0.77	0.47	0.31	-0.56	0.84
Common Stock	0.98	-0.4	0.82	0.97	0.91	-0.93	0.75	0.75	1.0	0.98	0.99	0.78		0.95	0.87	0.84	0.93	0.96	0.97	0.98	0.98	0.8	0.88	0.43	-0.9	0.78
Common Stock Shares Outstanding	0.92	-0.48	0.71	0.91	0.88	-0.94	0.69	0.69	0.96	0.92	0.92	0.81	0.95		0.8	0.79	0.78	0.93	0.92	0.92	0.92	0.92	0.8	0.41	-0.85	0.9
Non Current Liabilities Total	0.85	-0.68	0.5	0.83	0.94	-0.7	0.53	0.53	0.83	0.82	0.88	0.46	0.87	0.8		0.97	0.79	0.78	0.83	0.86	0.84	0.64	1.0	0.46	-0.84	0.6
Short Long Term Debt Total	0.86	-0.74	0.49	0.85	0.97	-0.64	0.47	0.47	0.8	0.84	0.86	0.43	0.84	0.79	0.97		0.76	0.8	0.84	0.87	0.85	0.69	0.97	0.3	-0.77	0.64
Other Liab	0.93	-0.22	0.87	0.92	0.81	-0.82	0.73	0.73	0.92	0.92	0.94	0.68	0.93	0.78	0.79	0.76		0.9	0.92	0.93	0.93	0.61	0.83	0.31	-0.84	0.58
Net Tangible Assets	0.99	-0.33	0.88	0.99	0.88	-0.9	0.78	0.78	0.98	0.99	0.97	0.85	0.96	0.93	0.78	0.8	0.9		0.99	0.98	0.99	0.86	0.8	0.25	-0.78	0.86
Accounts Payable	1.0	-0.39	0.86	1.0	0.92	-0.88	0.77	0.77	0.98	1.0	0.98	0.8	0.97	0.92	0.83	0.84	0.92	0.99		1.0	1.0	0.83	0.85	0.25	-0.81	0.82
Non Current Assets Total	1.0	-0.41	0.84	1.0	0.93	-0.87	0.75	0.75	0.98	1.0	0.99	0.76	0.98	0.92	0.86	0.87	0.93	0.98	1.0		1.0	0.81	0.88	0.3	-0.83	0.79
Non Currrent Assets Other	1.0	-0.39	0.86	1.0	0.92	-0.88	0.77	0.77	0.98	1.0	0.99	0.79	0.98	0.92	0.84	0.85	0.93	0.99	1.0	1.0		0.82	0.87	0.29	-0.82	0.81
Other Assets	0.81	-0.51	0.62	0.83	0.79	-0.82	0.62	0.62	0.83	0.83	0.78	0.77	0.8	0.92	0.64	0.69	0.61	0.86	0.83	0.81	0.82		0.63	0.12	-0.64	0.98
Long Term Debt	0.87	-0.64	0.55	0.85	0.95	-0.7	0.55	0.55	0.84	0.85	0.9	0.47	0.88	0.8	1.0	0.97	0.83	0.8	0.85	0.88	0.87	0.63		0.44	-0.85	0.58
Net Receivables	0.3	-0.08	0.14	0.26	0.31	-0.42	0.26	0.26	0.41	0.27	0.38	0.31	0.43	0.41	0.46	0.3	0.31	0.25	0.25	0.3	0.29	0.12	0.44		-0.54	0.14
Retained Earnings Total Equity	-0.83	0.45	-0.62	-0.8	-0.8	0.88	-0.5	-0.5	-0.88	-0.82	-0.86	-0.56	-0.9	-0.85	-0.84	-0.77	-0.84	-0.78	-0.81	-0.83	-0.82	-0.64	-0.85	-0.54		-0.55
Short Term Investments	0.8	-0.4	0.66	0.82	0.75	-0.8	0.7	0.7	0.82	0.82	0.77	0.84	0.78	0.9	0.6	0.64	0.58	0.86	0.82	0.79	0.81	0.98	0.58	0.14	-0.55

Click cells to compare fundamentals

Independence Realty Account Relationship Matchups

Independence Realty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	6.5B	6.5B	6.3B	6.6B
Other Current Liab	(463.7M)	(467.6M)	24.0M	(1.9B)	(66.8M)	(70.2M)
Total Current Liabilities	44.1M	39.6M	1.0B	149.6M	993.3M	1.0B
Total Stockholder Equity	613.3M	708.1M	3.5B	3.6B	3.4B	3.6B
Net Debt	975.7M	936.9M	2.7B	4.6B	2.4B	2.5B
Retained Earnings	(141.5M)	(178.8M)	(188.4M)	(191.7M)	(348.4M)	(331.0M)
Cash	9.9M	8.8M	36.0M	16.1M	50.7M	53.3M
Cash And Short Term Investments	9.9M	8.8M	36.0M	16.1M	50.7M	53.3M
Common Stock Total Equity	911K	1.0M	2.2M	2.2M	2.6M	2.7M
Liabilities And Stockholders Equity	1.7B	1.7B	6.5B	6.5B	6.3B	6.6B
Other Stockholder Equity	766.0M	919.6M	3.7B	3.8B	3.8B	3.9B
Total Liab	1.0B	1.0B	2.9B	2.8B	2.7B	2.8B
Total Current Assets	14.4M	13.6M	127.2M	79.8M	347.1M	364.4M
Common Stock	911K	1.0M	2.2M	2.2M	2.2M	2.4M
Common Stock Shares Outstanding	90.4M	94.7M	109.8M	223.1M	224.4M	235.6M
Non Current Liabilities Total	1.0B	982.5M	1.8B	2.6B	1.7B	971.7M
Short Long Term Debt Total	985.6M	945.7M	2.7B	4.6B	2.4B	1.3B
Other Liab	3.7M	6.9M	17.1M	9.6M	11.0M	11.6M
Net Tangible Assets	612.9M	707.3M	3.4B	3.6B	4.1B	4.3B
Noncontrolling Interest In Consolidated Entity	6.5M	4.7M	161.3M	141.2M	162.4M	170.5M
Accounts Payable	25.4M	25.4M	106.3M	109.7M	109.1M	114.5M
Non Current Assets Total	1.6B	1.7B	6.4B	6.5B	5.9B	6.2B
Non Currrent Assets Other	1.6B	1.7B	6.3B	6.4B	6.3B	6.6B
Other Assets	7.6M	1.7B	253.8M	6.5B	6.3B	6.6B
Long Term Debt	993.3M	975.5M	2.1B	2.6B	1.7B	1.1B
Retained Earnings Total Equity	(141.5M)	(178.8M)	(188.4M)	(191.7M)	(172.6M)	(163.9M)
Long Term Debt Total	993.3M	975.5M	11.9M	2.6B	3.0B	3.2B
Capital Surpluse	766.0M	919.6M	3.7B	3.8B	4.3B	4.5B
Other Current Assets	(14.4M)	(13.6M)	(65.7M)	63.7M	(50.7M)	(48.2M)
Long Term Investments	953K	0.0	25.0M	80.2M	89.0M	57.9M
Accumulated Other Comprehensive Income	(12.1M)	(33.8M)	(11.9M)	35.1M	25.5M	21.6M
Non Current Liabilities Other	6.9M	6.9M	17.1M	13.0M	9.7M	6.0M
Intangible Assets	410K	792K	53.3M	1.1M	66K	62.7K
Property Plant Equipment	1.6B	1.7B	6.2B	6.3B	7.2B	7.6B

Independence Realty Investors Sentiment

The influence of Independence Realty's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Independence. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Independence Realty's public news can be used to forecast risks associated with an investment in Independence. The trend in average sentiment can be used to explain how an investor holding Independence can time the market purely based on public headlines and social activities around Independence Realty Trust. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Independence Realty's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Independence Realty's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Independence Realty's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Independence Realty.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independence Realty in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independence Realty's short interest history, or implied volatility extrapolated from Independence Realty options trading.

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When determining whether Independence Realty Trust is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Independence Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Independence Realty Trust Stock. Highlighted below are key reports to facilitate an investment decision about Independence Realty Trust Stock:

How To Invest In Independence

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Is Independence Stock a good investment?

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What is Independence Realty's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. 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.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Independence Stock analysis

When running Independence Realty's price analysis, check to measure Independence Realty's 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 Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.

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Is Independence Realty'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 Independence Realty. If investors know Independence 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 Independence Realty 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

(0.75)

Dividend Share

0.62

Earnings Share

(0.08)

Revenue Per Share

2.925

Quarterly Revenue Growth

0.016

The market value of Independence Realty Trust is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Realty's value that differs from its market value or its book value, called intrinsic value, which is Independence Realty'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 Independence Realty's market value can be influenced by many factors that don't directly affect Independence Realty'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 Independence Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Realty'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.

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Independence Invested Capital vs Free Cash Flow Analysis

Invested Capital vs Free Cash Flow

Invested Capital vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow

Independence Realty fundamental ratios Correlations

Independence Realty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independence Realty fundamental ratios Accounts

Independence Realty Investors Sentiment

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

Complementary Tools for Independence Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Common Stock Total Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.94	Retained Earnings
Common Stock	- 0.93	Retained Earnings
Retained Earnings Total Equity	- 0.9	Common Stock
Net Tangible Assets	- 0.9	Retained Earnings
Total Liab	- 0.89	Retained Earnings