Red Total Assets vs Long Term Debt Total Analysis

RRR Stock  USD 51.01  1.09  2.09%   
Red Rock financial indicator trend analysis is much more than just breaking down Red Rock Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Rock Resorts is a good investment. Please check the relationship between Red Rock Total Assets and its Long Term Debt Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. 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.

Total Assets vs Long Term Debt Total

Total Assets vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Rock Resorts Total Assets account and Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Red Rock's Total Assets and Long Term Debt Total is 0.81. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Red Rock Resorts, assuming nothing else is changed. The correlation between historical values of Red Rock's Total Assets and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Red Rock Resorts are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Total Assets i.e., Red Rock's Total Assets and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of Red Rock assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Red Rock Resorts books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Debt Total

Most indicators from Red Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Rock Resorts 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 Red Rock Resorts. 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.
As of 06/05/2024, Selling General Administrative is likely to grow to about 367.4 M, while Discontinued Operations is likely to drop (200.4 K).
 2021 2022 2023 2024 (projected)
Interest Expense103.2M129.9M181.0M117.7M
Depreciation And Amortization157.8M164.2M132.5M179.6M

Red Rock fundamental ratios Correlations

0.560.780.820.43-0.720.48-0.770.73-0.120.510.470.670.510.29-0.21-0.770.780.64-0.15-0.450.780.740.7-0.82-0.81
0.560.810.830.59-0.350.97-0.770.830.34-0.050.990.39-0.050.65-0.41-0.790.830.92-0.37-0.120.840.660.31-0.76-0.66
0.780.810.910.57-0.760.79-0.840.990.020.170.760.570.170.57-0.46-0.860.980.88-0.47-0.540.990.960.5-0.87-0.93
0.820.830.910.64-0.740.77-0.930.910.140.140.790.580.140.56-0.3-0.930.940.86-0.28-0.40.960.860.46-0.9-0.87
0.430.590.570.64-0.250.63-0.320.610.37-0.340.620.16-0.340.72-0.45-0.380.520.61-0.5-0.320.590.64-0.08-0.27-0.43
-0.72-0.35-0.76-0.74-0.25-0.270.78-0.720.21-0.44-0.27-0.53-0.44-0.20.30.79-0.79-0.520.30.68-0.78-0.8-0.60.760.88
0.480.970.790.770.63-0.27-0.670.820.29-0.240.990.26-0.240.62-0.39-0.690.780.89-0.38-0.060.80.660.13-0.66-0.62
-0.77-0.77-0.84-0.93-0.320.78-0.67-0.81-0.1-0.33-0.71-0.58-0.33-0.350.210.99-0.92-0.810.150.31-0.9-0.73-0.620.960.87
0.730.830.990.910.61-0.720.82-0.810.040.060.80.520.060.59-0.46-0.830.970.89-0.48-0.510.980.960.41-0.84-0.9
-0.120.340.020.140.370.210.29-0.10.04-0.130.35-0.22-0.130.420.05-0.130.060.39-0.030.40.1-0.020.020.090.04
0.51-0.050.170.14-0.34-0.44-0.24-0.330.06-0.13-0.190.431.0-0.09-0.07-0.320.220.01-0.01-0.310.170.120.91-0.38-0.29
0.470.990.760.790.62-0.270.99-0.710.80.35-0.190.31-0.190.65-0.4-0.720.780.89-0.36-0.070.80.630.17-0.69-0.59
0.670.390.570.580.16-0.530.26-0.580.52-0.220.430.310.430.23-0.06-0.540.580.420.07-0.590.570.530.57-0.71-0.5
0.51-0.050.170.14-0.34-0.44-0.24-0.330.06-0.131.0-0.190.43-0.09-0.07-0.320.220.01-0.01-0.310.170.120.91-0.38-0.29
0.290.650.570.560.72-0.20.62-0.350.590.42-0.090.650.23-0.09-0.47-0.350.550.54-0.63-0.380.590.610.13-0.36-0.29
-0.21-0.41-0.46-0.3-0.450.3-0.390.21-0.460.05-0.07-0.4-0.06-0.07-0.470.3-0.43-0.330.920.59-0.45-0.47-0.190.250.39
-0.77-0.79-0.86-0.93-0.380.79-0.690.99-0.83-0.13-0.32-0.72-0.54-0.32-0.350.3-0.93-0.840.220.32-0.91-0.75-0.610.930.9
0.780.830.980.940.52-0.790.78-0.920.970.060.220.780.580.220.55-0.43-0.930.88-0.42-0.511.00.920.54-0.92-0.93
0.640.920.880.860.61-0.520.89-0.810.890.390.010.890.420.010.54-0.33-0.840.88-0.29-0.170.90.760.38-0.75-0.81
-0.15-0.37-0.47-0.28-0.50.3-0.380.15-0.48-0.03-0.01-0.360.07-0.01-0.630.920.22-0.42-0.290.6-0.45-0.54-0.120.180.34
-0.45-0.12-0.54-0.4-0.320.68-0.060.31-0.510.4-0.31-0.07-0.59-0.31-0.380.590.32-0.51-0.170.6-0.51-0.68-0.360.430.49
0.780.840.990.960.59-0.780.8-0.90.980.10.170.80.570.170.59-0.45-0.911.00.9-0.45-0.510.940.51-0.9-0.92
0.740.660.960.860.64-0.80.66-0.730.96-0.020.120.630.530.120.61-0.47-0.750.920.76-0.54-0.680.940.42-0.76-0.88
0.70.310.50.46-0.08-0.60.13-0.620.410.020.910.170.570.910.13-0.19-0.610.540.38-0.12-0.360.510.42-0.65-0.58
-0.82-0.76-0.87-0.9-0.270.76-0.660.96-0.840.09-0.38-0.69-0.71-0.38-0.360.250.93-0.92-0.750.180.43-0.9-0.76-0.650.84
-0.81-0.66-0.93-0.87-0.430.88-0.620.87-0.90.04-0.29-0.59-0.5-0.29-0.290.390.9-0.93-0.810.340.49-0.92-0.88-0.580.84
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Red Rock Account Relationship Matchups

Red Rock fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding69.6M70.5M116.5M104.7M103.2M81.3M
Total Assets4.1B3.7B3.1B3.3B4.0B3.8B
Short Long Term Debt Total3.0B2.9B2.9B3.0B3.4B3.0B
Other Current Liab182.2M151.4M142.6M232.7M271.4M157.5M
Total Current Liabilities276.0M200.3M204.8M293.2M349.2M288.1M
Total Stockholder Equity500.7M352.6M59.5M43.8M168.8M305.7M
Property Plant And Equipment Net3.3B3.1B2.2B2.6B3.2B3.0B
Current Deferred Revenue22.2M11.9M15.9M18.3M20.2M39.5M
Net Debt2.9B2.8B2.6B2.9B3.3B2.8B
Accounts Payable34.0M11.2M17.5M11.4M25.4M17.9M
Cash128.8M121.2M275.3M117.3M137.6M163.3M
Non Current Assets Total3.8B3.5B2.7B3.1B3.7B3.6B
Non Currrent Assets Other106.1M72.5M127.3M124.9M81.7M94.6M
Cash And Short Term Investments128.8M121.2M275.3M117.3M137.6M163.3M
Net Receivables56.7M35.1M36.7M43.6M76.4M51.7M
Common Stock Total Equity706K713K615K581K522.9K496.8K
Liabilities And Stockholders Equity4.1B3.7B3.1B3.3B4.0B3.8B
Non Current Liabilities Total3.1B2.9B2.9B3.0B3.4B3.0B
Inventory17.8M13.1M11.7M13.2M15.3M14.0M
Other Current Assets17.6M13.8M20.4M24.0M(137.6M)(130.7M)
Other Stockholder Equity376.2M385.6M55.0M0.07.3M7.0M
Total Liab3.3B3.1B3.1B3.3B3.7B3.3B
Property Plant And Equipment Gross3.3B3.1B3.4B3.8B4.5B3.4B
Total Current Assets281.6M249.0M429.1M221.0M282.3M294.9M
Short Term Debt37.6M25.8M28.9M30.9M32.2M37.6M
Intangible Assets108.5M100.8M87.2M84.4M82.8M99.1M
Common Stock706K713K615K581K590K560.5K
Other Liab40.4M44.9M36.0M31.9M28.7M27.3M
Net Tangible Assets196.5M56.1M63.3M(236.3M)(212.6M)(202.0M)
Other Assets444.6M336.5M391.5M618.9M711.7M381.4M
Long Term Debt3.0B2.9B2.8B3.0B3.3B3.0B
Deferred Long Term Liab18.7M22.1M34.1M41.7M47.9M50.3M
Long Term Investments8.9M8.9M8.2M6.1M5.5M8.7M
Short Long Term Debt34.0M22.8M25.9M26.1M26.1M33.8M
Property Plant Equipment3.1B3.1B2.2B2.6B3.0B2.9B
Retained Earnings124.4M(33.1M)3.9M43.2M160.9M168.9M
Long Term Debt Total3.0B2.9B2.8B3.0B3.4B3.0B
Noncontrolling Interest In Consolidated Entity281.9M252.0M(9.5M)(11.5M)(10.4M)(9.9M)

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