Independence Long Term Debt vs Non Current Assets Total Analysis
IRT Stock | USD 17.08 0.22 1.30% |
Independence Realty financial indicator trend analysis is infinitely more than just investigating Independence Realty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Realty Trust is a good investment. Please check the relationship between Independence Realty Long Term Debt and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. 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.
Long Term Debt vs Non Current Assets Total
Long Term Debt vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Independence Realty's Long Term Debt and Non Current Assets Total is 0.88. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Independence Realty Trust, assuming nothing else is changed. The correlation between historical values of Independence Realty's Long Term Debt and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Independence Realty Trust are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Independence Realty's Long Term Debt and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Long Term Debt
Long-term debt is a debt that Independence Realty Trust has held for over one year. Long-term debt appears on Independence Realty Trust balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Independence Realty Trust balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Independence Realty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Realty Trust 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 Independence Realty Trust. 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. At this time, Independence Realty's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Enterprise Value Multiple is likely to drop 15.19 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 147.5M | 372.2M | 167.4M | 103.4M | Total Revenue | 250.3M | 628.5M | 661.0M | 694.0M |
Independence Realty fundamental ratios Correlations
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Independence Realty Account Relationship Matchups
High Positive Relationship
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Independence Realty fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 1.7B | 6.5B | 6.5B | 6.3B | 6.6B | |
Other Current Liab | (463.7M) | (467.6M) | 24.0M | (1.9B) | (66.8M) | (70.2M) | |
Total Current Liabilities | 44.1M | 39.6M | 1.0B | 149.6M | 993.3M | 1.0B | |
Total Stockholder Equity | 613.3M | 708.1M | 3.5B | 3.6B | 3.4B | 3.6B | |
Net Debt | 975.7M | 936.9M | 2.7B | 4.6B | 2.4B | 2.5B | |
Retained Earnings | (141.5M) | (178.8M) | (188.4M) | (191.7M) | (348.4M) | (331.0M) | |
Cash | 9.9M | 8.8M | 36.0M | 16.1M | 50.7M | 53.3M | |
Cash And Short Term Investments | 9.9M | 8.8M | 36.0M | 16.1M | 50.7M | 53.3M | |
Common Stock Total Equity | 911K | 1.0M | 2.2M | 2.2M | 2.6M | 2.7M | |
Liabilities And Stockholders Equity | 1.7B | 1.7B | 6.5B | 6.5B | 6.3B | 6.6B | |
Other Stockholder Equity | 766.0M | 919.6M | 3.7B | 3.8B | 3.8B | 3.9B | |
Total Liab | 1.0B | 1.0B | 2.9B | 2.8B | 2.7B | 2.8B | |
Total Current Assets | 14.4M | 13.6M | 127.2M | 79.8M | 347.1M | 364.4M | |
Common Stock | 911K | 1.0M | 2.2M | 2.2M | 2.2M | 2.4M | |
Common Stock Shares Outstanding | 90.4M | 94.7M | 109.8M | 223.1M | 224.4M | 235.6M | |
Non Current Liabilities Total | 1.0B | 982.5M | 1.8B | 2.6B | 1.7B | 971.7M | |
Short Long Term Debt Total | 985.6M | 945.7M | 2.7B | 4.6B | 2.4B | 1.3B | |
Other Liab | 3.7M | 6.9M | 17.1M | 9.6M | 11.0M | 11.6M | |
Net Tangible Assets | 612.9M | 707.3M | 3.4B | 3.6B | 4.1B | 4.3B | |
Noncontrolling Interest In Consolidated Entity | 6.5M | 4.7M | 161.3M | 141.2M | 162.4M | 170.5M | |
Accounts Payable | 25.4M | 25.4M | 106.3M | 109.7M | 109.1M | 114.5M | |
Non Current Assets Total | 1.6B | 1.7B | 6.4B | 6.5B | 5.9B | 6.2B | |
Non Currrent Assets Other | 1.6B | 1.7B | 6.3B | 6.4B | 6.3B | 6.6B | |
Other Assets | 7.6M | 1.7B | 253.8M | 6.5B | 6.3B | 6.6B | |
Long Term Debt | 993.3M | 975.5M | 2.1B | 2.6B | 1.7B | 1.1B | |
Retained Earnings Total Equity | (141.5M) | (178.8M) | (188.4M) | (191.7M) | (172.6M) | (163.9M) | |
Long Term Debt Total | 993.3M | 975.5M | 11.9M | 2.6B | 3.0B | 3.2B | |
Capital Surpluse | 766.0M | 919.6M | 3.7B | 3.8B | 4.3B | 4.5B | |
Other Current Assets | (14.4M) | (13.6M) | (65.7M) | 63.7M | (50.7M) | (48.2M) | |
Long Term Investments | 953K | 0.0 | 25.0M | 80.2M | 89.0M | 57.9M | |
Accumulated Other Comprehensive Income | (12.1M) | (33.8M) | (11.9M) | 35.1M | 25.5M | 21.6M | |
Non Current Liabilities Other | 6.9M | 6.9M | 17.1M | 13.0M | 9.7M | 6.0M | |
Intangible Assets | 410K | 792K | 53.3M | 1.1M | 66K | 62.7K | |
Property Plant Equipment | 1.6B | 1.7B | 6.2B | 6.3B | 7.2B | 7.6B |
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Is Independence Realty'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 Independence Realty. If investors know Independence 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 Independence Realty 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 1.029 | Dividend Share 0.64 | Earnings Share (0.04) | Revenue Per Share 2.92 | Quarterly Revenue Growth (0.01) |
The market value of Independence Realty Trust is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Realty's value that differs from its market value or its book value, called intrinsic value, which is Independence Realty'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 Independence Realty's market value can be influenced by many factors that don't directly affect Independence Realty'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 Independence Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Realty'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.