Extra Interest Expense vs Net Income Analysis

EXR Stock

USD 146.08 4.21 2.80%

Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Interest Expense and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

Interest Expense vs Net Income

Interest Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Interest Expense account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Extra Space's Interest Expense and Net Income is -0.31. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Interest Expense and Net Income 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 Expense of Extra Space Storage are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Interest Expense i.e., Extra Space's Interest Expense and Net Income go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Extra Space Storage financial statement analysis. It represents the amount of money remaining after all of Extra Space Storage operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

At this time, Extra Space's Selling General Administrative is relatively stable compared to the past year. As of 05/22/2024, Issuance Of Capital Stock is likely to grow to 0.00, while Tax Provision is likely to drop slightly above 15.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.2B	1.5B	2.5B	2.6B
Total Revenue	1.6B	1.9B	2.6B	2.7B

Gross Profit Total Revenue

Extra Space fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Other Current Liab	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Other Stockholder Equity	Total Liab	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.44	-0.89	0.98	0.53	1.0	0.4	0.95	0.97	0.98	0.97	-0.27	0.88	0.97	0.76	-0.15	0.97	-0.49	1.0	0.92	0.42	0.89	-0.31	0.97	-0.15	0.93
Common Stock Shares Outstanding	0.44		-0.16	0.32	0.4	0.47	0.61	0.29	0.56	0.33	0.55	-0.86	0.7	0.53	0.32	-0.19	0.53	-0.53	0.45	0.31	0.58	0.35	-0.82	0.55	-0.19	0.23
Other Current Liab	-0.89	-0.16		-0.97	-0.21	-0.87	-0.19	-0.85	-0.75	-0.97	-0.75	0.04	-0.57	-0.76	-0.52	0.08	-0.76	0.49	-0.89	-0.89	-0.21	-0.71	0.12	-0.77	0.08	-0.99
Total Stockholder Equity	0.98	0.32	-0.97		0.39	0.96	0.31	0.93	0.89	1.0	0.89	-0.19	0.75	0.89	0.66	-0.1	0.89	-0.5	0.97	0.93	0.33	0.83	-0.26	0.9	-0.1	0.99
Other Liab	0.53	0.4	-0.21	0.39		0.55	0.45	0.62	0.6	0.39	0.65	-0.21	0.68	0.64	0.77	-0.18	0.64	-0.11	0.53	0.25	0.45	0.66	-0.17	0.62	-0.18	0.3
Accounts Payable	1.0	0.47	-0.87	0.96	0.55		0.42	0.95	0.97	0.96	0.98	-0.3	0.89	0.98	0.78	-0.14	0.98	-0.49	1.0	0.91	0.44	0.91	-0.34	0.98	-0.14	0.92
Cash	0.4	0.61	-0.19	0.31	0.45	0.42		0.39	0.47	0.32	0.48	-0.48	0.54	0.46	0.43	-0.36	0.46	-0.32	0.4	0.2	1.0	0.43	-0.45	0.46	-0.36	0.3
Other Assets	0.95	0.29	-0.85	0.93	0.62	0.95	0.39		0.9	0.93	0.92	-0.12	0.79	0.92	0.86	-0.09	0.92	-0.32	0.95	0.84	0.41	0.96	-0.17	0.9	-0.09	0.9
Long Term Debt	0.97	0.56	-0.75	0.89	0.6	0.97	0.47	0.9		0.89	1.0	-0.34	0.96	1.0	0.8	-0.2	1.0	-0.44	0.97	0.87	0.48	0.9	-0.36	1.0	-0.2	0.81
Other Stockholder Equity	0.98	0.33	-0.97	1.0	0.39	0.96	0.32	0.93	0.89		0.89	-0.2	0.76	0.89	0.65	-0.1	0.89	-0.52	0.97	0.92	0.33	0.82	-0.27	0.9	-0.1	0.99
Total Liab	0.97	0.55	-0.75	0.89	0.65	0.98	0.48	0.92	1.0	0.89		-0.34	0.96	1.0	0.83	-0.19	1.0	-0.45	0.97	0.85	0.49	0.91	-0.36	1.0	-0.19	0.82
Common Stock	-0.27	-0.86	0.04	-0.19	-0.21	-0.3	-0.48	-0.12	-0.34	-0.2	-0.34		-0.49	-0.32	-0.12	0.0	-0.32	0.59	-0.27	-0.16	-0.46	-0.16	0.99	-0.34	0.0	-0.13
Property Plant Equipment	0.88	0.7	-0.57	0.75	0.68	0.89	0.54	0.79	0.96	0.76	0.96	-0.49		0.96	0.77	-0.26	0.96	-0.44	0.88	0.74	0.54	0.82	-0.48	0.96	-0.26	0.65
Short Long Term Debt Total	0.97	0.53	-0.76	0.89	0.64	0.98	0.46	0.92	1.0	0.89	1.0	-0.32	0.96		0.83	-0.19	1.0	-0.45	0.97	0.86	0.48	0.9	-0.34	1.0	-0.19	0.82
Total Current Liabilities	0.76	0.32	-0.52	0.66	0.77	0.78	0.43	0.86	0.8	0.65	0.83	-0.12	0.77	0.83		-0.05	0.83	-0.19	0.76	0.62	0.44	0.92	-0.13	0.79	-0.05	0.59
Property Plant And Equipment Net	-0.15	-0.19	0.08	-0.1	-0.18	-0.14	-0.36	-0.09	-0.2	-0.1	-0.19	0.0	-0.26	-0.19	-0.05		-0.19	0.0	-0.15	-0.1	-0.36	-0.09	-0.05	-0.2	1.0	-0.07
Net Debt	0.97	0.53	-0.76	0.89	0.64	0.98	0.46	0.92	1.0	0.89	1.0	-0.32	0.96	1.0	0.83	-0.19		-0.45	0.97	0.86	0.47	0.9	-0.34	1.0	-0.19	0.82
Retained Earnings	-0.49	-0.53	0.49	-0.5	-0.11	-0.49	-0.32	-0.32	-0.44	-0.52	-0.45	0.59	-0.44	-0.45	-0.19	0.0	-0.45		-0.49	-0.42	-0.31	-0.16	0.62	-0.47	0.0	-0.51
Non Current Assets Total	1.0	0.45	-0.89	0.97	0.53	1.0	0.4	0.95	0.97	0.97	0.97	-0.27	0.88	0.97	0.76	-0.15	0.97	-0.49		0.91	0.42	0.89	-0.31	0.98	-0.15	0.93
Non Currrent Assets Other	0.92	0.31	-0.89	0.93	0.25	0.91	0.2	0.84	0.87	0.92	0.85	-0.16	0.74	0.86	0.62	-0.1	0.86	-0.42	0.91		0.22	0.78	-0.22	0.86	-0.1	0.9
Cash And Short Term Investments	0.42	0.58	-0.21	0.33	0.45	0.44	1.0	0.41	0.48	0.33	0.49	-0.46	0.54	0.48	0.44	-0.36	0.47	-0.31	0.42	0.22		0.44	-0.43	0.48	-0.36	0.32
Net Receivables	0.89	0.35	-0.71	0.83	0.66	0.91	0.43	0.96	0.9	0.82	0.91	-0.16	0.82	0.9	0.92	-0.09	0.9	-0.16	0.89	0.78	0.44		-0.19	0.89	-0.09	0.77
Common Stock Total Equity	-0.31	-0.82	0.12	-0.26	-0.17	-0.34	-0.45	-0.17	-0.36	-0.27	-0.36	0.99	-0.48	-0.34	-0.13	-0.05	-0.34	0.62	-0.31	-0.22	-0.43	-0.19		-0.36	-0.05	-0.21
Non Current Liabilities Total	0.97	0.55	-0.77	0.9	0.62	0.98	0.46	0.9	1.0	0.9	1.0	-0.34	0.96	1.0	0.79	-0.2	1.0	-0.47	0.98	0.86	0.48	0.89	-0.36		-0.2	0.83
Property Plant And Equipment Gross	-0.15	-0.19	0.08	-0.1	-0.18	-0.14	-0.36	-0.09	-0.2	-0.1	-0.19	0.0	-0.26	-0.19	-0.05	1.0	-0.19	0.0	-0.15	-0.1	-0.36	-0.09	-0.05	-0.2		-0.07
Total Current Assets	0.93	0.23	-0.99	0.99	0.3	0.92	0.3	0.9	0.81	0.99	0.82	-0.13	0.65	0.82	0.59	-0.07	0.82	-0.51	0.93	0.9	0.32	0.77	-0.21	0.83	-0.07

Click cells to compare fundamentals

Extra Space Account Relationship Matchups

Extra Space fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Common Stock Shares Outstanding	136.4M	129.6M	140.0M	141.7M	169.2M	102.0M
Liabilities And Stockholders Equity	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Other Current Liab	45.3M	47.1M	63.6M	67.4M	(689.8M)	(655.3M)
Total Stockholder Equity	2.5B	2.5B	3.1B	3.3B	14.4B	15.1B
Other Liab	96.5M	272.8M	291.5M	144.0M	165.6M	173.9M
Accounts Payable	111.4M	130.0M	142.3M	171.7M	334.5M	351.2M
Cash	65.7M	109.1M	71.1M	92.9M	99.1M	65.3M
Other Assets	159.2M	9.3B	9.7B	11.0B	24.6B	25.8B
Long Term Debt	4.9B	4.8B	5.4B	7.3B	10.3B	10.9B
Other Stockholder Equity	2.9B	3.0B	3.3B	3.3B	14.8B	15.5B
Total Liab	5.6B	6.5B	6.7B	8.1B	12.0B	12.6B
Common Stock	1.3M	1.3M	1.3M	1.3M	2.1M	2.6M
Property Plant Equipment	7.7B	7.9B	9.1B	10.3B	11.8B	12.4B
Short Long Term Debt Total	5.3B	6.0B	6.2B	7.6B	11.4B	12.0B
Total Current Liabilities	314.6M	1.1B	740.9M	1.2B	1.1B	1.1B
Net Debt	5.3B	5.9B	6.1B	7.5B	11.3B	11.9B
Retained Earnings	(301.0M)	(354.9M)	(128.2M)	(135.9M)	(379.0M)	(360.1M)
Non Current Assets Total	8.5B	9.3B	10.4B	12.1B	26.5B	27.9B
Non Currrent Assets Other	162.1M	130.6M	159.2M	10.2B	23.7B	24.9B
Cash And Short Term Investments	65.7M	109.1M	71.1M	92.9M	99.1M	69.1M
Common Stock Total Equity	1.3M	1.3M	1.3M	1.3M	1.2M	981.5K
Non Current Liabilities Total	5.3B	5.3B	5.9B	6.9B	11.0B	11.5B
Total Current Assets	70.7M	128.0M	76.2M	92.9M	929.7M	976.2M
Short Term Debt	158M	949M	535M	945M	689.8M	464.8M
Accumulated Other Comprehensive Income	(29.0M)	(99.1M)	(42.5M)	48.8M	17.4M	18.3M
Other Current Assets	(70.7M)	(128.0M)	(495.4M)	55.2M	(838.5M)	(796.6M)
Intangible Assets	134.9M	137.1M	147.0M	21.6M	147.6M	91.0M
Net Tangible Assets	2.5B	2.5B	3.1B	3.1B	3.5B	2.3B
Noncontrolling Interest In Consolidated Entity	371.7M	381.7M	388.3M	669.5M	769.9M	808.4M
Retained Earnings Total Equity	(262.9M)	(301.0M)	(354.9M)	(128.2M)	(147.5M)	(154.9M)
Long Term Debt Total	4.9B	4.8B	6.0B	7.5B	8.6B	9.0B
Capital Surpluse	2.9B	3.0B	3.3B	3.3B	3.8B	2.6B

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 Architect

When determining whether Extra Space Storage is a strong investment it is important to analyze Extra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extra Space's future performance. For an informed investment choice regarding Extra Stock, refer to the following important reports:

How To Invest In Extra

Details

Is Extra Stock a good investment?

Details

What is Extra Space's Net Worth?

Details

Largest Equity Real Estate Investment Trusts (REITs) Companies

View

Largest Real Estate Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.

You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Extra Stock analysis

When running Extra Space's price analysis, check to measure Extra Space'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 Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.

	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation

Is Extra Space'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 Extra Space. If investors know Extra 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 Extra Space 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

(0.31)

Dividend Share

6.48

Earnings Share

4.16

Revenue Per Share

15.478

Quarterly Revenue Growth

0.587

The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space'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 Extra Space's market value can be influenced by many factors that don't directly affect Extra Space'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 Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Extra Interest Expense vs Net Income Analysis

Interest Expense vs Net Income

Interest Expense vs Net Income Correlation Analysis

Correlation Coefficient

Interest Expense

Net Income

Extra Space fundamental ratios Correlations

Extra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Extra Space fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Extra Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Long Term Debt

Total Current Assets	- 0.99	Other Current Liab
Other Stockholder Equity	- 0.97	Other Current Liab
Total Stockholder Equity	- 0.97	Other Current Liab
Non Currrent Assets Other	- 0.89	Other Current Liab
Non Current Assets Total	- 0.89	Other Current Liab
Other Current Liab	- 0.89	Total Assets