Cintas Total Revenue vs Interest Expense Analysis
CTAS Stock | USD 695.69 3.73 0.54% |
Cintas financial indicator trend analysis is way more than just evaluating Cintas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cintas is a good investment. Please check the relationship between Cintas Total Revenue and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cintas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.
Total Revenue vs Interest Expense
Total Revenue vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cintas Total Revenue account and Interest Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Cintas' Total Revenue and Interest Expense is 0.95. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Cintas, assuming nothing else is changed. The correlation between historical values of Cintas' Total Revenue and Interest Expense 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 Revenue of Cintas are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Total Revenue i.e., Cintas' Total Revenue and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Cintas generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Cintas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cintas 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 Cintas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Cintas Stock please use our How to Invest in Cintas guide.Selling General Administrative is likely to gain to about 2.9 B in 2024, despite the fact that Discontinued Operations is likely to grow to (276.2 K).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.6B | 4.2B | 4.8B | 5.0B | Total Revenue | 7.9B | 8.8B | 10.1B | 10.6B |
Cintas fundamental ratios Correlations
Click cells to compare fundamentals
Cintas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cintas fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.7B | 8.2B | 8.1B | 8.5B | 9.8B | 10.3B | |
Short Long Term Debt Total | 2.7B | 2.7B | 3.0B | 2.7B | 3.1B | 3.2B | |
Other Current Liab | 611.2M | 760.4M | 352.2M | 884.1M | 1.0B | 1.1B | |
Total Current Liabilities | 885.2M | 1.9B | 1.4B | 1.2B | 1.4B | 1.5B | |
Total Stockholder Equity | 3.2B | 3.7B | 3.3B | 3.9B | 4.4B | 4.7B | |
Property Plant And Equipment Net | 1.6B | 1.5B | 1.5B | 1.6B | 1.8B | 1.9B | |
Net Debt | 2.6B | 2.2B | 2.9B | 2.5B | 2.9B | 3.1B | |
Retained Earnings | 7.3B | 7.9B | 8.7B | 9.6B | 11.0B | 11.6B | |
Cash | 145.4M | 493.6M | 90.5M | 124.1M | 142.8M | 135.5M | |
Non Current Assets Total | 5.4B | 5.4B | 5.5B | 5.6B | 6.4B | 6.8B | |
Non Currrent Assets Other | (127.8M) | (76.2M) | (129.7M) | 100.5M | 90.4M | 94.9M | |
Cash And Short Term Investments | 145.4M | 493.6M | 90.5M | 124.1M | 142.8M | 181.6M | |
Net Receivables | 870.4M | 924.0M | 1.0B | 1.2B | 1.3B | 1.4B | |
Common Stock Shares Outstanding | 107.0M | 107.7M | 105.5M | 103.4M | 93.0M | 110.4M | |
Liabilities And Stockholders Equity | 7.7B | 8.2B | 8.1B | 8.5B | 9.8B | 10.3B | |
Non Current Liabilities Total | 3.5B | 2.6B | 3.4B | 3.5B | 4.0B | 4.2B | |
Inventory | 1.2B | 1.3B | 1.4B | 1.5B | 1.7B | 1.8B | |
Other Current Assets | 114.6M | 133.8M | 124.7M | 142.8M | 164.2M | 183.4M | |
Other Stockholder Equity | (5.0B) | (5.6B) | (7.3B) | (7.8B) | (7.1B) | (6.7B) | |
Total Liab | 4.4B | 4.5B | 4.8B | 4.7B | 5.4B | 5.7B | |
Property Plant And Equipment Gross | 1.6B | 1.5B | 1.5B | 1.6B | 1.8B | 1.9B | |
Total Current Assets | 2.3B | 2.8B | 2.6B | 2.9B | 3.4B | 3.5B | |
Accumulated Other Comprehensive Income | (153.4M) | 30.9M | 107.9M | 77.8M | 89.4M | 93.9M | |
Short Term Debt | 43.0M | 942.9M | 355.4M | 43.7M | 50.3M | 47.8M | |
Accounts Payable | 231.0M | 230.8M | 251.5M | 302.3M | 347.6M | 365.0M | |
Common Stock Total Equity | 1.1B | 1.4B | 1.8B | 2.0B | 2.3B | 2.5B | |
Common Stock | 1.1B | 1.4B | 1.8B | 2.0B | 2.3B | 2.5B | |
Other Assets | 409.1M | 450.9M | 560.3M | 344.1M | 395.7M | 226.6M | |
Long Term Debt | 2.5B | 1.6B | 2.5B | 2.5B | 2.9B | 3.0B | |
Property Plant Equipment | 1.4B | 1.4B | 1.5B | 1.4B | 1.6B | 1.1B | |
Good Will | 2.9B | 2.9B | 3.0B | 3.1B | 3.5B | 1.9B | |
Intangible Assets | 451.5M | 408.4M | 391.6M | 346.6M | 311.9M | 274.0M | |
Treasury Stock | (4.7B) | (5.2B) | (5.7B) | (7.3B) | (6.6B) | (6.2B) | |
Other Liab | 732.3M | 721.4M | 779.7M | 793.2M | 912.2M | 957.8M | |
Net Tangible Assets | (86.3M) | 279.4M | (126.4M) | 461.2M | 415.1M | 435.8M | |
Retained Earnings Total Equity | 7.3B | 7.9B | 8.7B | 9.6B | 11.0B | 5.9B | |
Long Term Debt Total | 2.5B | 1.6B | 2.5B | 2.5B | 2.9B | 2.1B | |
Capital Surpluse | 245.2M | 227.9M | 171.5M | 98.9M | 113.7M | 177.7M |
Pair Trading with Cintas
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 Cintas 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 Cintas will appreciate offsetting losses from the drop in the long position's value.Moving together with Cintas Stock
Moving against Cintas Stock
0.76 | AZ | A2Z Smart Technologies | PairCorr |
0.69 | AP | Ampco Pittsburgh | PairCorr |
0.63 | J | Jacobs Solutions Fiscal Year End 19th of November 2024 | PairCorr |
0.58 | CP | Canadian Pacific Railway | PairCorr |
0.48 | FC | Franklin Covey Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Cintas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cintas 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 Cintas - 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 Cintas to buy it.
The correlation of Cintas 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 Cintas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cintas 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 Cintas 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.Additional Tools for Cintas Stock Analysis
When running Cintas' price analysis, check to measure Cintas' 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 Cintas is operating at the current time. Most of Cintas' value examination focuses on studying past and present price action to predict the probability of Cintas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cintas' price. Additionally, you may evaluate how the addition of Cintas to your portfolios can decrease your overall portfolio volatility.