SmartRent Interest Coverage vs Operating Margin Analysis
| SMRT Stock | USD 2.37 0.05 2.16% |
SmartRent financial indicator trend analysis is much more than just breaking down SmartRent prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SmartRent is a good investment. Please check the relationship between SmartRent Interest Coverage and its Operating Profit Margin accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartRent. 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. For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.
Interest Coverage vs Operating Profit Margin
Interest Coverage vs Operating Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SmartRent Interest Coverage account and Operating Margin. At this time, the significance of the direction appears to have weak relationship.
The correlation between SmartRent's Interest Coverage and Operating Margin is 0.39. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Operating Margin in the same time period over historical financial statements of SmartRent, assuming nothing else is changed. The correlation between historical values of SmartRent's Interest Coverage and Operating Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of SmartRent are associated (or correlated) with its Operating Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Margin has no effect on the direction of Interest Coverage i.e., SmartRent's Interest Coverage and Operating Margin go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Interest Coverage
Operating Profit Margin
Most indicators from SmartRent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SmartRent 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SmartRent. 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. For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.At this time, SmartRent's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 42.4 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 61.6M | 105.6M | 92.7M | 140.0M | Cost Of Revenue | 120.7M | 166.5M | 187.3M | 347.8M |
SmartRent fundamental ratios Correlations
Click cells to compare fundamentals
SmartRent Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SmartRent fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 921K | 10.4M | 193.9M | 195.6M | 200.7M | 101.9M | |
| Total Assets | 47.5M | 103.8M | 579.7M | 560.8M | 509.8M | 427.8M | |
| Short Long Term Debt Total | 153.3M | 17.3M | 4.8M | 1.3M | 1.2M | 1.1M | |
| Other Current Liab | 12.0M | 9.6M | 5.0M | 34.4M | 5.8M | 5.5M | |
| Total Current Liabilities | 21.3M | 32.8M | 70.6M | 132.8M | 117.3M | 86.1M | |
| Total Stockholder Equity | 1.8M | 33.2M | 449.5M | 364.2M | 342.4M | 201.5M | |
| Property Plant And Equipment Net | 2.1M | 1.8M | 1.9M | 2.1M | 4.0M | 3.8M | |
| Net Debt | (4.2M) | (33.8M) | (430.8M) | (210.4M) | (213.9M) | (203.2M) | |
| Retained Earnings | (45.5M) | (82.6M) | (154.6M) | (250.9M) | (285.5M) | (271.2M) | |
| Accounts Payable | 1.7M | 2.3M | 6.1M | 18.4M | 15.1M | 28.9M | |
| Cash | 21.4M | 38.6M | 430.8M | 210.4M | 215.2M | 147.1M | |
| Non Current Assets Total | 7.3M | 16.2M | 43.7M | 182.5M | 169.4M | 116.1M | |
| Non Currrent Assets Other | 5.1M | 10.3M | 29.1M | 32.0M | 1.8M | 1.7M | |
| Cash And Short Term Investments | 21.4M | 38.6M | 430.8M | 210.4M | 215.2M | 147.1M | |
| Common Stock Total Equity | 484K | 863.0 | 19K | 20K | 18K | 17.1K | |
| Liabilities And Stockholders Equity | 47.5M | 103.8M | 579.7M | 560.8M | 509.8M | 427.8M | |
| Non Current Liabilities Total | 24.4M | 37.8M | 59.6M | 63.9M | 50.0M | 78.4M | |
| Inventory | 6.3M | 17.6M | 33.2M | 75.7M | 41.6M | 80.1M | |
| Other Current Assets | 5.6M | 564K | 17.4M | 9.2M | 2.2M | 2.1M | |
| Other Stockholder Equity | 1.1M | 4.2M | 24.4M | 54.4M | 118.4M | 91.6M | |
| Total Liab | 45.7M | 70.7M | 130.2M | 196.6M | 167.3M | 164.5M | |
| Property Plant And Equipment Gross | 458.2M | 2.1M | 5.6M | 7.7M | 6.4M | 6.1M | |
| Total Current Assets | 40.2M | 87.7M | 536.0M | 378.4M | 340.3M | 311.6M | |
| Accumulated Other Comprehensive Income | (275.9M) | 235K | 9K | (176K) | (216K) | (226.8K) | |
| Common Stock | 484K | 863.0 | 19K | 20K | 18K | 17.1K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SmartRent in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SmartRent's short interest history, or implied volatility extrapolated from SmartRent options trading.
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When determining whether SmartRent is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SmartRent Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Smartrent Stock. Highlighted below are key reports to facilitate an investment decision about Smartrent Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartRent. 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. For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for SmartRent Stock analysis
When running SmartRent's price analysis, check to measure SmartRent'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 SmartRent is operating at the current time. Most of SmartRent's value examination focuses on studying past and present price action to predict the probability of SmartRent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SmartRent's price. Additionally, you may evaluate how the addition of SmartRent to your portfolios can decrease your overall portfolio volatility.
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Is SmartRent'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 SmartRent. If investors know SmartRent 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 SmartRent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.17) | Revenue Per Share 1.18 | Quarterly Revenue Growth 0.486 | Return On Assets (0.04) | Return On Equity (0.1) |
The market value of SmartRent is measured differently than its book value, which is the value of SmartRent that is recorded on the company's balance sheet. Investors also form their own opinion of SmartRent's value that differs from its market value or its book value, called intrinsic value, which is SmartRent'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 SmartRent's market value can be influenced by many factors that don't directly affect SmartRent'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 SmartRent's value and its price as these two are different measures arrived at by different means. Investors typically determine if SmartRent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SmartRent'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.