McGrath Total Liab vs Property Plant Equipment Analysis
MGRC Stock | USD 110.76 0.53 0.48% |
McGrath RentCorp financial indicator trend analysis is infinitely more than just investigating McGrath RentCorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McGrath RentCorp is a good investment. Please check the relationship between McGrath RentCorp Total Liab and its Property Plant Equipment accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.
Total Liab vs Property Plant Equipment
Total Liab vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McGrath RentCorp Total Liab account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between McGrath RentCorp's Total Liab and Property Plant Equipment is 0.73. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of McGrath RentCorp, assuming nothing else is changed. The correlation between historical values of McGrath RentCorp's Total Liab and Property Plant Equipment 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 Liab of McGrath RentCorp are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Liab i.e., McGrath RentCorp's Total Liab and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Property Plant Equipment
Most indicators from McGrath RentCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McGrath RentCorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.At present, McGrath RentCorp's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 12.95, whereas Tax Provision is forecasted to decline to about 21.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 281.0M | 336.9M | 393.6M | 413.3M | Total Revenue | 616.8M | 733.8M | 831.8M | 873.4M |
McGrath RentCorp fundamental ratios Correlations
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McGrath RentCorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
McGrath RentCorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3B | 1.3B | 1.6B | 1.7B | 2.2B | 2.3B | |
Total Stockholder Equity | 634.0M | 682.6M | 732.0M | 803.9M | 933.8M | 980.5M | |
Retained Earnings | 527.7M | 576.4M | 623.5M | 693.9M | 822.8M | 863.9M | |
Non Current Assets Total | 1.2B | 1.2B | 1.4B | 1.5B | 2.0B | 2.1B | |
Non Currrent Assets Other | 45.4M | 41.5M | 54.9M | (175.5M) | 102.8M | 107.9M | |
Common Stock Shares Outstanding | 24.6M | 24.5M | 24.5M | 24.5M | 24.5M | 22.0M | |
Liabilities And Stockholders Equity | 1.3B | 1.3B | 1.6B | 1.7B | 2.2B | 2.3B | |
Non Current Liabilities Total | 511.7M | 438.8M | 668.9M | 660.7M | 1.0B | 1.1B | |
Other Stockholder Equity | 106.4M | 106.3M | 108.6M | 110.1M | 126.6M | 177.2M | |
Total Liab | 675.8M | 593.1M | 863.9M | 903.9M | 1.3B | 1.3B | |
Short Long Term Debt Total | 293.4M | 222.8M | 426.5M | 413.7M | 763.0M | 801.1M | |
Total Current Liabilities | 164.1M | 154.3M | 195.0M | 243.2M | 279.0M | 292.9M | |
Property Plant And Equipment Net | 1.1B | 1.1B | 1.2B | 1.3B | 1.5B | 1.6B | |
Net Debt | 291.1M | 221.5M | 425.0M | 412.8M | 762.1M | 800.2M | |
Accounts Payable | 99.2M | 100.0M | 125.3M | 149.2M | 152.8M | 160.4M | |
Cash | 2.3M | 1.2M | 1.5M | 957K | 877K | 1.1M | |
Cash And Short Term Investments | 2.3M | 1.2M | 1.5M | 957K | 877K | 1.1M | |
Net Receivables | 128.1M | 123.3M | 159.5M | 190.0M | 227.4M | 238.7M | |
Property Plant And Equipment Gross | 1.1B | 1.1B | 1.8B | 2.0B | 2.2B | 2.3B | |
Total Current Assets | 130.4M | 124.6M | 161.0M | 191.0M | 228.2M | 239.7M | |
Accumulated Other Comprehensive Income | (70K) | (104K) | (54K) | (78K) | (116K) | (121.8K) | |
Other Current Liab | 109.2M | 108.3M | 136.3M | 160.8M | 167.5M | 89.5M | |
Short Term Debt | 9.9M | 8.3M | 11.0M | 11.6M | 14.8M | 14.0M | |
Common Stock Total Equity | 106.4M | 106.3M | 108.6M | 110.1M | 126.6M | 76.6M | |
Common Stock | 106.4M | 106.3M | 108.6M | 110.1M | 111.1M | 73.5M | |
Other Liab | 273.2M | 262.1M | 301.1M | 329.3M | 378.7M | 397.7M | |
Other Assets | 967.5M | 979.7M | 1.1B | 1.2B | 1.4B | 1.4B | |
Long Term Debt | 293.4M | 222.8M | 426.5M | 413.7M | 763.0M | 801.1M | |
Property Plant Equipment | 131.0M | 136.2M | 1.1B | 1.1B | 1.3B | 1.4B | |
Current Deferred Revenue | 55.0M | 46.0M | 58.7M | 82.4M | 111.4M | 117.0M | |
Intangible Assets | 7.3M | 7.1M | 47.0M | 41.1M | 64.6M | 67.8M | |
Net Tangible Assets | 598.5M | 647.3M | 552.6M | 630.5M | 725.1M | 506.2M | |
Retained Earnings Total Equity | 527.7M | 576.4M | 623.5M | 693.9M | 798.0M | 436.1M | |
Long Term Debt Total | 293.4M | 222.8M | 426.5M | 413.7M | 475.8M | 355.4M | |
Inventory | (22.5M) | (31.8M) | 2.0 | (59.8M) | (53.8M) | (51.2M) | |
Deferred Long Term Liab | 273.2M | 262.1M | 301.1M | 329.3M | 378.7M | 278.0M | |
Other Current Assets | 35.5M | 33.2M | 43.9M | 59.8M | 68.8M | 36.2M | |
Net Invested Capital | 927.5M | 905.4M | 1.2B | 1.2B | 1.7B | 1.2B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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. For information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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When running McGrath RentCorp's price analysis, check to measure McGrath RentCorp'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 McGrath RentCorp is operating at the current time. Most of McGrath RentCorp's value examination focuses on studying past and present price action to predict the probability of McGrath RentCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McGrath RentCorp's price. Additionally, you may evaluate how the addition of McGrath RentCorp to your portfolios can decrease your overall portfolio volatility.
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Is McGrath RentCorp'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 McGrath RentCorp. If investors know McGrath 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 McGrath RentCorp 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 (0.68) | Dividend Share 1.87 | Earnings Share 5.02 | Revenue Per Share 34.946 | Quarterly Revenue Growth 0.147 |
The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp'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 McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp'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 McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp'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.