Extra Net Debt vs Other Current Liab Analysis
EXR Stock | USD 142.36 0.22 0.15% |
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 Net Debt and its Other Current Liab 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.
Net Debt vs Other Current Liab
Net Debt vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Net Debt account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Extra Space's Net Debt and Other Current Liab is -0.76. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Liab 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 Net Debt and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Extra Space Storage are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Debt i.e., Extra Space's Net Debt and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.76 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Liab
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 05/29/2024, 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 |
Extra Space fundamental ratios Correlations
Click cells to compare fundamentals
Extra Space Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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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 4.29 | 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.