Aarons Non Current Liabilities Total vs Total Liab Analysis

AAN Stock  USD 7.43  0.13  1.72%   
Aarons financial indicator trend analysis is way more than just evaluating Aarons prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aarons is a good investment. Please check the relationship between Aarons Non Current Liabilities Total and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Non Current Liabilities Total vs Total Liab

Non Current Liabilities Total vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aarons Non Current Liabilities Total account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aarons' Non Current Liabilities Total and Total Liab is 0.79. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Liab in the same time period over historical financial statements of The Aarons, assuming nothing else is changed. The correlation between historical values of Aarons' Non Current Liabilities Total and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of The Aarons are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Current Liabilities Total i.e., Aarons' Non Current Liabilities Total and Total Liab go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Aarons' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aarons 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, Aarons' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value is likely to grow to about 2.2 B, while Selling General Administrative is likely to drop about 603.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.2B1.1B1.2B
Total Revenue1.8B2.2B2.1B1.6B

Aarons fundamental ratios Correlations

0.440.560.920.290.610.360.270.890.270.230.630.120.62-0.520.380.920.180.30.020.50.570.130.67-0.53-0.2
0.440.270.120.950.03-0.04-0.280.66-0.48-0.30.29-0.390.740.130.810.180.030.530.20.080.44-0.010.55-0.210.45
0.560.270.460.090.130.290.420.420.140.540.150.020.11-0.140.280.580.630.48-0.130.170.210.10.1-0.08-0.01
0.920.120.46-0.040.650.360.420.710.470.380.560.290.3-0.690.080.930.260.09-0.10.580.460.140.51-0.48-0.34
0.290.950.09-0.04-0.04-0.07-0.570.56-0.53-0.580.3-0.50.730.240.80.02-0.110.460.24-0.020.390.020.53-0.160.44
0.610.030.130.65-0.040.050.20.520.230.180.360.180.32-0.660.010.590.05-0.310.620.670.510.10.62-0.95-0.57
0.36-0.040.290.36-0.070.050.130.030.640.180.640.520.280.290.430.58-0.220.18-0.31-0.47-0.2-0.530.230.1-0.11
0.27-0.280.420.42-0.570.20.130.030.380.97-0.130.5-0.29-0.4-0.30.420.4-0.03-0.20.28-0.03-0.06-0.15-0.07-0.17
0.890.660.420.710.560.520.030.03-0.04-0.030.47-0.190.7-0.520.410.650.140.30.120.590.640.170.7-0.53-0.03
0.27-0.480.140.47-0.530.230.640.38-0.040.420.430.81-0.12-0.2-0.150.480.08-0.37-0.43-0.17-0.37-0.380.120.02-0.28
0.23-0.30.540.38-0.580.180.180.97-0.030.42-0.120.54-0.36-0.34-0.280.410.51-0.05-0.20.22-0.1-0.1-0.17-0.04-0.2
0.630.290.150.560.30.360.64-0.130.470.43-0.120.440.58-0.130.460.65-0.08-0.08-0.15-0.040.38-0.230.8-0.23-0.29
0.12-0.390.020.29-0.50.180.520.5-0.190.810.540.44-0.16-0.17-0.140.350.15-0.55-0.35-0.19-0.32-0.450.220.03-0.31
0.620.740.110.30.730.320.28-0.290.7-0.12-0.360.58-0.160.10.790.44-0.390.380.290.00.45-0.060.74-0.430.1
-0.520.13-0.14-0.690.24-0.660.29-0.4-0.52-0.2-0.34-0.13-0.170.10.48-0.43-0.40.39-0.07-0.91-0.46-0.29-0.340.520.5
0.380.810.280.080.80.010.43-0.30.41-0.15-0.280.46-0.140.790.480.3-0.170.560.18-0.340.18-0.230.51-0.160.42
0.920.180.580.930.020.590.580.420.650.480.410.650.350.44-0.430.30.180.25-0.070.340.420.070.54-0.44-0.31
0.180.030.630.26-0.110.05-0.220.40.140.080.51-0.080.15-0.39-0.4-0.170.18-0.04-0.220.350.130.29-0.030.010.02
0.30.530.480.090.46-0.310.18-0.030.3-0.37-0.05-0.08-0.550.380.390.560.25-0.04-0.1-0.150.190.25-0.150.190.49
0.020.2-0.13-0.10.240.62-0.31-0.20.12-0.43-0.2-0.15-0.350.29-0.070.18-0.07-0.22-0.10.350.360.120.28-0.79-0.21
0.50.080.170.58-0.020.67-0.470.280.59-0.170.22-0.04-0.190.0-0.91-0.340.340.35-0.150.350.630.440.3-0.64-0.38
0.570.440.210.460.390.51-0.2-0.030.64-0.37-0.10.38-0.320.45-0.460.180.420.130.190.360.630.460.58-0.54-0.21
0.13-0.010.10.140.020.1-0.53-0.060.17-0.38-0.1-0.23-0.45-0.06-0.29-0.230.070.290.250.120.440.46-0.12-0.17-0.16
0.670.550.10.510.530.620.23-0.150.70.12-0.170.80.220.74-0.340.510.54-0.03-0.150.280.30.58-0.12-0.6-0.24
-0.53-0.21-0.08-0.48-0.16-0.950.1-0.07-0.530.02-0.04-0.230.03-0.430.52-0.16-0.440.010.19-0.79-0.64-0.54-0.17-0.60.44
-0.20.45-0.01-0.340.44-0.57-0.11-0.17-0.03-0.28-0.2-0.29-0.310.10.50.42-0.310.020.49-0.21-0.38-0.21-0.16-0.240.44
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Aarons Account Relationship Matchups

Aarons fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B1.4B1.4B1.9B1.8B1.3B
Short Long Term Debt Total676.8M279.8M319.8M738.8M696.7M731.5M
Total Current Liabilities268.3M299.7M311.0M337.2M450.2M249.9M
Total Stockholder Equity837.8M711.3M718.2M695.4M686.1M732.7M
Net Debt628.1M203.7M297.0M711.1M637.6M669.5M
Retained Earnings2.0B1.9M98.5M79.1M66.2M62.9M
Accounts Payable80.2M230.8M83.1M107.0M134.2M131.4M
Cash48.8M76.1M22.8M27.7M59.0M50.5M
Non Current Assets Total1.0B455.1M527.2M997.1M990.5M574.7M
Non Currrent Assets Other23.4M48.0M61.8M78.6M65.2M61.9M
Cash And Short Term Investments48.8M76.1M22.8M27.7M59.0M54.1M
Net Receivables43.0M35.1M33.0M43.9M50.1M67.8M
Common Stock Shares Outstanding34.2M33.9M33.7M30.9M31.1M51.3M
Liabilities And Stockholders Equity1.9B1.4B1.4B1.9B1.8B1.3B
Non Current Liabilities Total834.3M342.4M412.1M825.8M690.3M348.6M
Other Stockholder Equity(19K)692.7M602.6M599.7M603.0M633.1M
Total Liab1.1B642.1M723.1M1.2B1.1B1.2B
Total Current Assets938.9M898.3M914.0M861.4M836.1M771.6M
Accumulated Other Comprehensive Income(19K)(797K)(739K)(1.4M)(1.4M)(1.4M)
Other Current Liab(46.3M)(95.2M)151.6M22.0M241.2M253.3M
Current Deferred Revenue47.7M68.9M66.3M73.2M68.4M58.1M
Common Stock837.8M17.6M17.8M18.1M18.3M17.4M
Other Liab205.1M131.5M158.6M160.2M184.2M118.2M
Other Assets26.9M27.1M2.0B708.9M152.1M144.5M
Long Term Debt338.4M831K10M242.4M187.6M191.8M
Treasury Stock(567.8M)(627.9M)(16.0M)(121.8M)(109.6M)(115.1M)
Property Plant Equipment462.4M391.2M509.0M1.4B1.6B1.7B
Good Will447.8M7.6M13.1M54.7M55.8M53.0M
Other Current Assets65.5M89.9M86M22.1M14.5M13.8M
Intangible Assets14.2M9.1M5.1M118.5M108.2M84.8M
Inventory781.6M697.2M772.2M789.8M712.4M903.1M
Net Tangible Assets325.6M647.4M699.9M472.5M425.2M526.0M
Capital Surpluse290.2M708.7M724.4M738.4M849.2M891.7M
Short Term Debt186.7M95.2M10M135.1M6.4M6.1M
Short Long Term Debt83.8M81.2M10M23.5M6.4M6.1M

Pair Trading with Aarons

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 Aarons 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 Aarons will appreciate offsetting losses from the drop in the long position's value.

Moving against Aarons Stock

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The ability to find closely correlated positions to Aarons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aarons 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 Aarons - 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 The Aarons to buy it.
The correlation of Aarons 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 Aarons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aarons 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 Aarons 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.
Pair CorrelationCorrelation Matching
When determining whether Aarons offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aarons' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The Aarons Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The Aarons Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Aarons. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Aarons information on this page should be used as a complementary analysis to other Aarons' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Aarons' price analysis, check to measure Aarons' 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 Aarons is operating at the current time. Most of Aarons' value examination focuses on studying past and present price action to predict the probability of Aarons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aarons' price. Additionally, you may evaluate how the addition of Aarons to your portfolios can decrease your overall portfolio volatility.
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Is Aarons' 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 Aarons. If investors know Aarons 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 Aarons 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
(0.40)
Dividend Share
0.5
Earnings Share
0.09
Revenue Per Share
68.268
Quarterly Revenue Growth
(0.08)
The market value of Aarons is measured differently than its book value, which is the value of Aarons that is recorded on the company's balance sheet. Investors also form their own opinion of Aarons' value that differs from its market value or its book value, called intrinsic value, which is Aarons' 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 Aarons' market value can be influenced by many factors that don't directly affect Aarons' 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 Aarons' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aarons is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aarons' 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.