Avis Other Current Assets vs Cash And Short Term Investments Analysis
CAR Stock | USD 108.21 0.02 0.02% |
Avis Budget financial indicator trend analysis is way more than just evaluating Avis Budget Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avis Budget Group is a good investment. Please check the relationship between Avis Budget Other Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Avis Budget's Other Current Assets and Cash And Short Term Investments is 0.29. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Avis Budget Group, assuming nothing else is changed. The correlation between historical values of Avis Budget's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Avis Budget Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Avis Budget's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.29 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Avis Budget Group balance sheet. This account contains Avis Budget investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Avis Budget Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Avis Budget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avis Budget Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Avis Budget's Tax Provision is relatively stable compared to the past year. As of 06/10/2024, Enterprise Value is likely to grow to about 21.5 B, while Selling General Administrative is likely to drop slightly above 1.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 7.8B | 10.8B | 3.9B | 4.6B | Total Revenue | 9.3B | 12.0B | 12.0B | 7.0B |
Avis Budget fundamental ratios Correlations
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Avis Budget Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avis Budget fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 23.1B | 17.5B | 22.6B | 25.9B | 33.4B | 35.1B | |
Short Long Term Debt Total | 17.1B | 13.7B | 17.8B | 20.9B | 26.5B | 27.8B | |
Other Current Liab | 1.2B | 662M | 1.3B | 1.3B | 1.4B | 1.1B | |
Total Current Liabilities | 2.2B | 2.1B | 2.4B | 2.6B | 2.7B | 2.1B | |
Total Stockholder Equity | 656M | (155M) | (220M) | (703M) | (349M) | (331.6M) | |
Property Plant And Equipment Net | 15.2B | 11.1B | 15.6B | 18.6B | 23.9B | 25.1B | |
Net Debt | 16.4B | 13.0B | 17.3B | 20.3B | 25.9B | 27.2B | |
Retained Earnings | (785M) | (1.5B) | (185M) | 2.6B | 3.9B | 4.0B | |
Cash | 615M | 686M | 692M | 570M | 559M | 526.0M | |
Non Current Assets Total | 21.0B | 15.7B | 20.8B | 24.0B | 31.3B | 32.8B | |
Non Currrent Assets Other | 1.5B | 877M | 858M | 1.3B | 2.2B | 3.8B | |
Cash And Short Term Investments | 615M | 686M | 692M | 570M | 559M | 526.0M | |
Net Receivables | 1.1B | 794M | 1.0B | 952M | 1.1B | 834.3M | |
Common Stock Shares Outstanding | 75.7M | 70.5M | 66.1M | 48.4M | 38.8M | 77.3M | |
Liabilities And Stockholders Equity | 23.1B | 17.5B | 22.6B | 25.9B | 33.4B | 35.1B | |
Non Current Liabilities Total | 20.2B | 15.6B | 20.4B | 24.1B | 31.1B | 32.7B | |
Other Current Assets | 141M | 148M | 95M | 112M | 488M | 322.8M | |
Other Stockholder Equity | 1.6B | 1.5B | 97M | (3.2B) | (4.1B) | (3.9B) | |
Total Liab | 22.5B | 17.7B | 22.8B | 26.6B | 33.8B | 35.5B | |
Property Plant And Equipment Gross | 15.2B | 11.1B | 19.1B | 22.3B | 28.1B | 29.5B | |
Total Current Assets | 2.1B | 1.8B | 1.8B | 1.9B | 2.1B | 2.0B | |
Accumulated Other Comprehensive Income | (133M) | (157M) | (187M) | (101M) | (96M) | (100.8M) | |
Short Term Debt | 498M | 533M | 515M | 582M | 608M | 638.4M | |
Intangible Assets | 798M | 774M | 724M | 666M | 670M | 636.5M | |
Accounts Payable | 378M | 394M | 407M | 466M | 487M | 783.8M | |
Other Liab | 730M | 662M | 598M | 554M | 498.6M | 473.7M | |
Other Assets | 1.8B | 4.0B | 1.9B | 1.7B | 1.5B | 2.0B | |
Long Term Debt | 3.4B | 4.2B | 4.0B | 4.6B | 23.7B | 24.9B | |
Good Will | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.0B | |
Inventory | 234M | 161M | 205M | 252M | 226.8M | 301.9M | |
Treasury Stock | (5.1B) | (5.1B) | (5.2B) | (6.6B) | (5.9B) | (6.2B) | |
Property Plant Equipment | 792M | 657M | 537M | 594M | 534.6M | 507.9M | |
Current Deferred Revenue | 125M | 464M | 185M | 188M | 168M | 311.3M | |
Net Tangible Assets | 12.6B | 6.9B | (2.1B) | 13.3B | 15.2B | 8.0B | |
Retained Earnings Total Equity | (785M) | (1.5B) | (185M) | 2.6B | 3.0B | 3.1B |
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