Avis Cash vs Retained Earnings Analysis

CAR Stock

USD 120.44 1.17 0.96%

Avis Budget financial indicator trend analysis is way more than just evaluating Avis Budget Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avis Budget Group is a good investment. Please check the relationship between Avis Budget Cash and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. 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.

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Cash account and Retained Earnings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Avis Budget's Cash and Retained Earnings is -0.16. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Avis Budget Group, assuming nothing else is changed. The correlation between historical values of Avis Budget's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Avis Budget Group are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Avis Budget's Cash and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash

Cash refers to the most liquid asset of Avis Budget Group, which is listed under current asset account on Avis Budget Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Avis Budget customers. The amounts must be unrestricted with restricted cash listed in a different Avis Budget account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Avis Budget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avis Budget Group 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 Avis Budget Group. 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, Avis Budget's Tax Provision is relatively stable compared to the past year. As of 05/08/2024, Enterprise Value is likely to grow to about 21.5 B, while Selling General Administrative is likely to drop slightly above 1.2 B.

	2021	2022	2023	2024 (projected)
Interest Expense	218M	250M	1.1B	1.1B
Depreciation And Amortization	272M	225M	3.5B	3.6B

Interest Expense Depreciation And Amortization

Avis Budget fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.99	0.82	0.88	-0.47	0.99	0.99	0.7	0.51	1.0	0.77	0.51	0.72	-0.05	1.0	0.79	-0.67	1.0	0.97	0.76	0.76	0.36	0.92	-0.66	-0.66	-0.76
Short Long Term Debt Total	0.99		0.79	0.88	-0.56	1.0	1.0	0.77	0.44	1.0	0.73	0.44	0.68	-0.16	1.0	0.78	-0.74	1.0	0.99	0.7	0.81	0.27	0.91	-0.58	-0.58	-0.71
Other Current Liab	0.82	0.79		0.84	-0.2	0.77	0.78	0.39	0.62	0.8	0.54	0.62	0.9	0.09	0.8	0.54	-0.36	0.81	0.73	0.85	0.49	0.62	0.64	-0.73	-0.73	-0.82
Total Current Liabilities	0.88	0.88	0.84		-0.45	0.86	0.87	0.48	0.68	0.88	0.46	0.68	0.83	-0.01	0.87	0.58	-0.48	0.88	0.84	0.82	0.78	0.5	0.74	-0.77	-0.77	-0.86
Total Stockholder Equity	-0.47	-0.56	-0.2	-0.45		-0.56	-0.57	-0.8	0.24	-0.49	-0.12	0.24	-0.08	0.71	-0.51	-0.31	0.86	-0.51	-0.63	0.05	-0.75	0.41	-0.45	-0.09	-0.09	0.06
Property Plant And Equipment Net	0.99	1.0	0.77	0.86	-0.56		1.0	0.78	0.42	0.99	0.73	0.42	0.65	-0.16	0.99	0.78	-0.75	0.99	0.99	0.67	0.81	0.24	0.91	-0.57	-0.57	-0.68
Net Debt	0.99	1.0	0.78	0.87	-0.57	1.0		0.78	0.42	0.99	0.73	0.42	0.67	-0.18	1.0	0.78	-0.75	1.0	0.99	0.68	0.81	0.25	0.91	-0.57	-0.57	-0.69
Retained Earnings	0.7	0.77	0.39	0.48	-0.8	0.78	0.78		-0.16	0.73	0.49	-0.16	0.2	-0.66	0.74	0.64	-0.99	0.73	0.83	0.12	0.73	-0.37	0.65	0.04	0.04	-0.12
Cash	0.51	0.44	0.62	0.68	0.24	0.42	0.42	-0.16		0.48	0.33	1.0	0.72	0.56	0.47	0.29	0.18	0.48	0.34	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Non Current Assets Total	1.0	1.0	0.8	0.88	-0.49	0.99	0.99	0.73	0.48		0.77	0.48	0.7	-0.08	1.0	0.8	-0.7	1.0	0.98	0.73	0.77	0.33	0.92	-0.63	-0.63	-0.74
Non Currrent Assets Other	0.77	0.73	0.54	0.46	-0.12	0.73	0.73	0.49	0.33	0.77		0.33	0.46	0.25	0.77	0.73	-0.42	0.76	0.69	0.59	0.35	0.38	0.86	-0.53	-0.53	-0.58
Cash And Short Term Investments	0.51	0.44	0.62	0.68	0.24	0.42	0.42	-0.16	1.0	0.48	0.33		0.72	0.56	0.47	0.29	0.18	0.48	0.34	0.9	0.24	0.84	0.45	-0.89	-0.89	-0.85
Net Receivables	0.72	0.68	0.9	0.83	-0.08	0.65	0.67	0.2	0.72	0.7	0.46	0.72		0.17	0.7	0.5	-0.17	0.71	0.59	0.92	0.41	0.71	0.56	-0.8	-0.8	-0.88
Common Stock Shares Outstanding	-0.05	-0.16	0.09	-0.01	0.71	-0.16	-0.18	-0.66	0.56	-0.08	0.25	0.56	0.17		-0.1	-0.12	0.69	-0.09	-0.23	0.42	-0.44	0.75	0.05	-0.61	-0.61	-0.45
Non Current Liabilities Total	1.0	1.0	0.8	0.87	-0.51	0.99	1.0	0.74	0.47	1.0	0.77	0.47	0.7	-0.1		0.8	-0.71	1.0	0.98	0.73	0.77	0.32	0.92	-0.62	-0.62	-0.73
Other Current Assets	0.79	0.78	0.54	0.58	-0.31	0.78	0.78	0.64	0.29	0.8	0.73	0.29	0.5	-0.12	0.8		-0.6	0.79	0.76	0.54	0.49	0.2	0.67	-0.42	-0.42	-0.5
Other Stockholder Equity	-0.67	-0.74	-0.36	-0.48	0.86	-0.75	-0.75	-0.99	0.18	-0.7	-0.42	0.18	-0.17	0.69	-0.71	-0.6		-0.7	-0.81	-0.08	-0.75	0.4	-0.61	-0.07	-0.07	0.09
Total Liab	1.0	1.0	0.81	0.88	-0.51	0.99	1.0	0.73	0.48	1.0	0.76	0.48	0.71	-0.09	1.0	0.79	-0.7		0.98	0.73	0.78	0.33	0.92	-0.63	-0.63	-0.74
Property Plant And Equipment Gross	0.97	0.99	0.73	0.84	-0.63	0.99	0.99	0.83	0.34	0.98	0.69	0.34	0.59	-0.23	0.98	0.76	-0.81	0.98		0.6	0.82	0.15	0.89	-0.49	-0.49	-0.62
Total Current Assets	0.76	0.7	0.85	0.82	0.05	0.67	0.68	0.12	0.9	0.73	0.59	0.9	0.92	0.42	0.73	0.54	-0.08	0.73	0.6		0.37	0.82	0.66	-0.93	-0.93	-0.95
Short Term Debt	0.76	0.81	0.49	0.78	-0.75	0.81	0.81	0.73	0.24	0.77	0.35	0.24	0.41	-0.44	0.77	0.49	-0.75	0.78	0.82	0.37		-0.04	0.69	-0.29	-0.29	-0.43
Intangible Assets	0.36	0.27	0.62	0.5	0.41	0.24	0.25	-0.37	0.84	0.33	0.38	0.84	0.71	0.75	0.32	0.2	0.4	0.33	0.15	0.82	-0.04		0.31	-0.89	-0.89	-0.84
Accounts Payable	0.92	0.91	0.64	0.74	-0.45	0.91	0.91	0.65	0.45	0.92	0.86	0.45	0.56	0.05	0.92	0.67	-0.61	0.92	0.89	0.66	0.69	0.31		-0.61	-0.61	-0.7
Common Stock Total Equity	-0.66	-0.58	-0.73	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.63	-0.53	-0.89	-0.8	-0.61	-0.62	-0.42	-0.07	-0.63	-0.49	-0.93	-0.29	-0.89	-0.61		1.0	0.98
Common Stock	-0.66	-0.58	-0.73	-0.77	-0.09	-0.57	-0.57	0.04	-0.89	-0.63	-0.53	-0.89	-0.8	-0.61	-0.62	-0.42	-0.07	-0.63	-0.49	-0.93	-0.29	-0.89	-0.61	1.0		0.98
Other Liab	-0.76	-0.71	-0.82	-0.86	0.06	-0.68	-0.69	-0.12	-0.85	-0.74	-0.58	-0.85	-0.88	-0.45	-0.73	-0.5	0.09	-0.74	-0.62	-0.95	-0.43	-0.84	-0.7	0.98	0.98

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Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.1B	17.5B	22.6B	25.9B	33.4B	35.1B
Short Long Term Debt Total	17.1B	13.7B	17.8B	20.9B	26.5B	27.8B
Other Current Liab	1.2B	662M	1.3B	1.3B	1.4B	1.1B
Total Current Liabilities	2.2B	2.1B	2.4B	2.6B	2.7B	2.1B
Total Stockholder Equity	656M	(155M)	(220M)	(703M)	(349M)	(331.6M)
Property Plant And Equipment Net	15.2B	11.1B	15.6B	18.6B	23.9B	25.1B
Net Debt	16.4B	13.0B	17.3B	20.3B	25.9B	27.2B
Retained Earnings	(785M)	(1.5B)	(185M)	2.6B	3.9B	4.0B
Cash	615M	686M	692M	570M	559M	526.0M
Non Current Assets Total	21.0B	15.7B	20.8B	24.0B	31.3B	32.8B
Non Currrent Assets Other	1.5B	877M	858M	1.3B	2.2B	3.8B
Cash And Short Term Investments	615M	686M	692M	570M	559M	526.0M
Net Receivables	1.1B	794M	1.0B	952M	1.1B	834.3M
Common Stock Shares Outstanding	75.7M	70.5M	66.1M	48.4M	38.8M	77.3M
Liabilities And Stockholders Equity	23.1B	17.5B	22.6B	25.9B	33.4B	35.1B
Non Current Liabilities Total	20.2B	15.6B	20.4B	24.1B	31.1B	32.7B
Other Current Assets	141M	148M	95M	112M	488M	322.8M
Other Stockholder Equity	1.6B	1.5B	97M	(3.2B)	(4.1B)	(3.9B)
Total Liab	22.5B	17.7B	22.8B	26.6B	33.8B	35.5B
Property Plant And Equipment Gross	15.2B	11.1B	19.1B	22.3B	28.1B	29.5B
Total Current Assets	2.1B	1.8B	1.8B	1.9B	2.1B	2.0B
Accumulated Other Comprehensive Income	(133M)	(157M)	(187M)	(101M)	(96M)	(100.8M)
Short Term Debt	498M	533M	515M	582M	608M	638.4M
Intangible Assets	798M	774M	724M	666M	670M	636.5M
Accounts Payable	378M	394M	407M	466M	487M	783.8M
Other Liab	730M	662M	598M	554M	498.6M	473.7M
Other Assets	1.8B	4.0B	1.9B	1.7B	1.5B	2.0B
Long Term Debt	3.4B	4.2B	4.0B	4.6B	23.7B	24.9B
Good Will	1.1B	1.1B	1.1B	1.1B	1.1B	1.0B
Inventory	234M	161M	205M	252M	226.8M	301.9M
Treasury Stock	(5.1B)	(5.1B)	(5.2B)	(6.6B)	(5.9B)	(6.2B)
Property Plant Equipment	792M	657M	537M	594M	534.6M	507.9M
Current Deferred Revenue	125M	464M	185M	188M	168M	311.3M
Net Tangible Assets	12.6B	6.9B	(2.1B)	13.3B	15.2B	8.0B
Retained Earnings Total Equity	(785M)	(1.5B)	(185M)	2.6B	3.0B	3.1B

Pair Trading with Avis Budget

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

Moving against Avis Stock

0.59	FTAIP	Fortress Transportation	Pair Corr
0.58	FTAIO	Fortress Transportation	Pair Corr
0.54	FTAIM	FTAI Aviation	Pair Corr
0.51	TGH-PB	Textainer Group Holdings	Pair Corr
0.5	TRTN-PA	Triton International	Pair Corr

The ability to find closely correlated positions to Avis Budget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avis Budget 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 Avis Budget - 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 Avis Budget Group to buy it.

The correlation of Avis Budget 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 Avis Budget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avis Budget Group 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 Avis Budget 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 Correlation Correlation Matching

When determining whether Avis Budget Group is a strong investment it is important to analyze Avis Budget's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Avis Budget's future performance. For an informed investment choice regarding Avis Stock, refer to the following important reports:

How To Invest In Avis

Details

Is Avis Stock a good investment?

Details

What is Avis Budget's Net Worth?

Details

Largest Rental & Leasing Services Companies

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Largest Industrials Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. 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 Avis Budget Group information on this page should be used as a complementary analysis to other Avis Budget's 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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Avis Stock analysis

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

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Is Avis Budget'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 Avis Budget. If investors know Avis 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 Avis Budget 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

(0.29)

Earnings Share

31.14

Revenue Per Share

321.769

Quarterly Revenue Growth

(0)

Return On Assets

0.0523

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

Cash vs Retained Earnings

Cash vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash

Retained Earnings

Avis Budget fundamental ratios Correlations

Avis Budget Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avis Budget fundamental ratios Accounts

Pair Trading with Avis Budget

Moving against Avis Stock

Complementary Tools for Avis Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Short Long Term Debt Total

Other Stockholder Equity	- 0.99	Retained Earnings
Other Liab	- 0.95	Total Current Assets
Common Stock	- 0.93	Total Current Assets
Common Stock Total Equity	- 0.93	Total Current Assets
Common Stock	- 0.89	Intangible Assets
Common Stock Total Equity	- 0.89	Intangible Assets