Independence Retained Earnings vs Cash 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 Retained Earnings and its Cash 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.
Retained Earnings vs Cash
Retained Earnings vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Retained Earnings account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Independence Realty's Retained Earnings and Cash is -0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash 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 Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Independence Realty Trust are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Independence Realty's Retained Earnings and Cash go up and down completely randomly.
Correlation Coefficient | -0.73 |
Relationship Direction | Negative |
Relationship Strength | Weak |
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.Cash
Cash refers to the most liquid asset of Independence Realty Trust, which is listed under current asset account on Independence Realty Trust balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Independence Realty customers. The amounts must be unrestricted with restricted cash listed in a different Independence Realty 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.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
Click cells to compare fundamentals
Independence Realty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Independence Stock analysis
When running Independence Realty's price analysis, check to measure Independence Realty'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 Independence Realty is operating at the current time. Most of Independence Realty's value examination focuses on studying past and present price action to predict the probability of Independence Realty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Realty's price. Additionally, you may evaluate how the addition of Independence Realty to your portfolios can decrease your overall portfolio volatility.
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Positions Ratings 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 | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
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.