Rent Non Currrent Assets Other vs Total Current Liabilities Analysis
RENT Stock | USD 36.00 2.47 7.37% |
Rent The financial indicator trend analysis is much more than just breaking down Rent the Runway prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rent the Runway is a good investment. Please check the relationship between Rent The Non Currrent Assets Other and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rent the Runway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Total Current Liabilities
Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rent the Runway Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have no relationship.
The correlation between Rent The's Non Currrent Assets Other and Total Current Liabilities is 0.08. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Rent the Runway, assuming nothing else is changed. The correlation between historical values of Rent The's Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Rent the Runway are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Rent The's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.08 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.Total Current Liabilities
Total Current Liabilities is an item on Rent The balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Rent the Runway are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Rent The's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rent the Runway 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rent the Runway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Rent The's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.58 in 2024, whereas Enterprise Value is likely to drop slightly above 298.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 329.2M | 392.3M | 289.1M | 154.7M | Cost Of Revenue | 133.6M | 92.2M | 86M | 93.1M |
Rent The fundamental ratios Correlations
Click cells to compare fundamentals
Rent The Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rent the Runway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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Is Rent The'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 Rent The. If investors know Rent 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 Rent The listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (33.12) | Revenue Per Share 87.234 | Quarterly Revenue Growth 0.005 | Return On Assets (0.14) | Return On Equity (7.75) |
The market value of Rent the Runway is measured differently than its book value, which is the value of Rent that is recorded on the company's balance sheet. Investors also form their own opinion of Rent The's value that differs from its market value or its book value, called intrinsic value, which is Rent The'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 Rent The's market value can be influenced by many factors that don't directly affect Rent The'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 Rent The's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rent The is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rent The'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.