InterRent Accounts Payable vs Non Currrent Assets Other Analysis

IIP-UN Stock  CAD 12.34  0.20  1.65%   
InterRent Real financial indicator trend analysis is infinitely more than just investigating InterRent Real Estate recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InterRent Real Estate is a good investment. Please check the relationship between InterRent Real Accounts Payable and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InterRent Real Estate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InterRent Real Estate Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very week relationship.
The correlation between InterRent Real's Accounts Payable and Non Currrent Assets Other is 0.28. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of InterRent Real Estate, assuming nothing else is changed. The correlation between historical values of InterRent Real's Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of InterRent Real Estate are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., InterRent Real's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.28
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents InterRent Real obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of InterRent Real Estate are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from InterRent Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InterRent Real Estate 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 InterRent Real Estate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
At present, InterRent Real's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 3.8 B, whereas Issuance Of Capital Stock is forecasted to decline to about 679.2 K.
 2021 2022 2023 2024 (projected)
Gross Profit132.4M157.4M173.6M182.3M
Total Revenue185.1M216.4M237.1M249.0M

InterRent Real fundamental ratios Correlations

0.980.640.610.990.940.971.00.360.111.00.130.960.450.990.590.990.810.43-0.31-0.570.980.51-0.370.890.92
0.980.610.710.950.920.990.960.410.00.980.020.930.340.990.60.950.840.48-0.29-0.670.960.57-0.40.860.86
0.640.61-0.030.60.650.680.590.67-0.020.64-0.010.690.810.680.140.580.540.16-0.360.080.580.46-0.510.570.6
0.610.71-0.030.590.510.630.610.1-0.090.6-0.060.51-0.420.620.70.620.540.49-0.12-0.950.660.39-0.120.550.47
0.990.950.60.590.930.951.00.30.170.990.190.960.450.970.611.00.790.42-0.29-0.550.980.48-0.340.890.94
0.940.920.650.510.930.930.940.280.040.940.060.850.510.940.470.920.840.37-0.3-0.460.910.29-0.160.910.91
0.970.990.680.630.950.930.950.45-0.050.98-0.030.930.440.990.510.940.820.42-0.41-0.590.950.54-0.390.850.86
1.00.960.590.611.00.940.950.290.131.00.150.950.430.970.590.990.810.45-0.28-0.570.980.48-0.330.90.94
0.360.410.670.10.30.280.450.29-0.250.36-0.240.490.40.440.030.310.24-0.15-0.320.010.280.58-0.610.260.28
0.110.0-0.02-0.090.170.04-0.050.13-0.250.11.00.20.120.020.610.21-0.010.070.360.070.080.09-0.130.090.2
1.00.980.640.60.990.940.981.00.360.10.120.960.460.990.580.990.810.43-0.31-0.560.980.51-0.370.890.92
0.130.02-0.01-0.060.190.06-0.030.15-0.241.00.120.220.10.030.630.230.010.090.360.050.10.1-0.130.120.23
0.960.930.690.510.960.850.930.950.490.20.960.220.530.950.590.960.720.35-0.3-0.470.930.64-0.540.80.88
0.450.340.81-0.420.450.510.440.430.40.120.460.10.530.45-0.160.40.35-0.06-0.260.410.360.2-0.350.380.49
0.990.990.680.620.970.940.990.970.440.020.990.030.950.450.550.960.830.43-0.33-0.580.960.56-0.410.870.88
0.590.60.140.70.610.470.510.590.030.610.580.630.59-0.160.550.660.440.420.08-0.670.610.43-0.250.520.53
0.990.950.580.621.00.920.940.990.310.210.990.230.960.40.960.660.760.4-0.29-0.580.980.48-0.330.880.93
0.810.840.540.540.790.840.820.810.24-0.010.810.010.720.350.830.440.760.74-0.11-0.510.780.53-0.410.810.73
0.430.480.160.490.420.370.420.45-0.150.070.430.090.35-0.060.430.420.40.740.18-0.470.460.52-0.410.490.38
-0.31-0.29-0.36-0.12-0.29-0.3-0.41-0.28-0.320.36-0.310.36-0.3-0.26-0.330.08-0.29-0.110.180.1-0.320.0-0.04-0.21-0.24
-0.57-0.670.08-0.95-0.55-0.46-0.59-0.570.010.07-0.560.05-0.470.41-0.58-0.67-0.58-0.51-0.470.1-0.62-0.380.1-0.4-0.34
0.980.960.580.660.980.910.950.980.280.080.980.10.930.360.960.610.980.780.46-0.32-0.620.48-0.320.890.91
0.510.570.460.390.480.290.540.480.580.090.510.10.640.20.560.430.480.530.520.0-0.380.48-0.960.330.34
-0.37-0.4-0.51-0.12-0.34-0.16-0.39-0.33-0.61-0.13-0.37-0.13-0.54-0.35-0.41-0.25-0.33-0.41-0.41-0.040.1-0.32-0.96-0.2-0.24
0.890.860.570.550.890.910.850.90.260.090.890.120.80.380.870.520.880.810.49-0.21-0.40.890.33-0.20.97
0.920.860.60.470.940.910.860.940.280.20.920.230.880.490.880.530.930.730.38-0.24-0.340.910.34-0.240.97
Click cells to compare fundamentals

InterRent Real Account Relationship Matchups

InterRent Real fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B3.2B4.1B4.3B4.4B4.7B
Short Long Term Debt Total908.4M999.6M1.5B1.7B1.9B2.0B
Other Current Liab23.2M23.7M34.9M39.4M22.3M15.2M
Total Current Liabilities30.4M27.4M38.9M45.9M1.8B1.8B
Total Stockholder Equity1.7B2.1B2.4B2.5B2.6B2.7B
Property Plant And Equipment Net1.7M2.4M3.9M5.1M3.9M3.7M
Net Debt907.6M948.0M1.5B1.7B1.7B1.8B
Retained Earnings955.7M1.1B1.4B1.4B1.5B1.6B
Accounts Payable7.2M3.8M4.0M6.5M7.1M3.8M
Cash753K51.6M2.1M4.3M2.5M4.3M
Non Current Assets Total2.8B3.1B4.1B4.3B4.4B4.6B
Cash And Short Term Investments753K51.6M2.1M4.3M4.9M4.3M
Common Stock Shares Outstanding106.0M121.5M138.4M140.2M144.8M152.0M
Liabilities And Stockholders Equity2.8B3.2B4.1B4.3B5.0B5.2B
Non Current Liabilities Total1.0B1.1B1.7B1.8B109.8M104.3M
Total Liab1.1B1.1B1.7B1.8B1.9B2.0B
Total Current Assets5.0M66.2M10.7M16.0M58.1M61.0M
Common Stock766.3M1.0B1.0B1.1B1.2B1.3B
Net Receivables2.0M3.1M5.7M9.1M6.6M6.9M
Other Current Assets467K1.4M2.9M2.6M3.0M3.2M
Non Currrent Assets Other2.8B3.1B4.1B4.3B4.9B5.1B
Other Liab11.7M13.3M16.7M18.2M21.0M13.3M
Net Tangible Assets1.7B2.1B2.4B2.5B2.9B1.6B
Other Assets11.7M11.2M10.9M8.9M10.2M18.1M
Long Term Debt908.4M999.6M1.5B1.7B1.9B1.1B
Deferred Long Term Liab239K197K323K387K445.1K320.8K
Property Plant Equipment2.8B3.1B4.1B4.3B4.9B2.8B
Long Term Investments25.2M28.0M30.6M32.5M48.0M45.6M
Non Current Liabilities Other65.1M60.0M59.0M43.7M28.6M45.7M
Net Invested Capital2.6B3.1B3.9B4.2B4.3B3.4B
Net Working Capital(25.4M)38.7M(28.2M)(29.8M)(1.7B)(1.6B)
Capital Stock766.3M1.0B1.0B1.1B1.1B1.0B

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InterRent Real Estate. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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Please note, there is a significant difference between InterRent Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if InterRent Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InterRent Real'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.