Sunrun Net Tangible Assets vs Long Term Investments Analysis
RUN Stock | USD 11.89 0.36 2.94% |
Sunrun financial indicator trend analysis is much more than just breaking down Sunrun Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sunrun Inc is a good investment. Please check the relationship between Sunrun Net Tangible Assets and its Long Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sunrun Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
Net Tangible Assets vs Long Term Investments
Net Tangible Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sunrun Inc Net Tangible Assets account and Long Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sunrun's Net Tangible Assets and Long Term Investments is 0.93. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Sunrun Inc, assuming nothing else is changed. The correlation between historical values of Sunrun's Net Tangible Assets and Long 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 Net Tangible Assets of Sunrun Inc are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Net Tangible Assets i.e., Sunrun's Net Tangible Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Long Term Investments
Long Term Investments is an item on the asset side of Sunrun balance sheet that represents investments Sunrun Inc intends to hold for over a year. Sunrun Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Sunrun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sunrun Inc 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 Sunrun Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. As of the 17th of May 2024, Selling General Administrative is likely to drop to about 156.3 M. In addition to that, Tax Provision is likely to grow to about (12.1 M)
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 327.7M | 445.8M | 653.0M | 685.6M | Depreciation And Amortization | 410.7M | 451.0M | 531.7M | 558.3M |
Sunrun fundamental ratios Correlations
Click cells to compare fundamentals
Sunrun Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sunrun fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 14.4B | 16.5B | 19.3B | 20.5B | 21.5B | |
Short Long Term Debt Total | 2.6B | 5.2B | 6.8B | 8.7B | 11.1B | 11.6B | |
Other Current Liab | 164.6M | 354.2M | 395.7M | 438.5M | 504.8M | 530.1M | |
Total Current Liabilities | 530.1M | 901.4M | 1.0B | 1.2B | 1.5B | 1.6B | |
Total Stockholder Equity | 964.7M | 6.1B | 6.3B | 6.7B | 5.2B | 2.9B | |
Other Liab | 1.0B | 1.3B | 1.3B | 1.3B | 1.5B | 1.1B | |
Property Plant And Equipment Net | 4.5B | 8.3B | 9.5B | 11.1B | 13.3B | 13.9B | |
Current Deferred Revenue | 85.7M | 116.7M | 120.0M | 192.0M | 136.8M | 104.1M | |
Net Debt | 2.3B | 4.6B | 6.2B | 8.0B | 10.4B | 10.9B | |
Retained Earnings | 251.5M | 76.8M | (2.6M) | 170.8M | (1.4B) | (1.4B) | |
Accounts Payable | 223.4M | 207.4M | 288.1M | 339.2M | 230.7M | 177.5M | |
Cash | 269.6M | 520.0M | 617.6M | 740.5M | 678.8M | 391.8M | |
Non Current Assets Total | 5.1B | 13.2B | 14.9B | 17.2B | 18.6B | 19.5B | |
Non Currrent Assets Other | (134.1M) | 681.8M | 1.1B | 681.9M | 181.0M | 171.9M | |
Other Assets | 373.2M | 2.5B | 1.1B | 1.5B | 168K | 159.6K | |
Long Term Debt | 2.2B | 4.6B | 211.1M | 8.2B | 10.1B | 10.6B | |
Cash And Short Term Investments | 269.6M | 520.0M | 617.6M | 740.5M | 678.8M | 391.8M | |
Net Receivables | 84.2M | 95.1M | 146.0M | 214.3M | 172.0M | 108.7M | |
Common Stock Shares Outstanding | 123.9M | 139.6M | 205.1M | 219.2M | 216.6M | 144.8M | |
Liabilities And Stockholders Equity | 5.8B | 14.4B | 16.5B | 19.3B | 20.5B | 21.5B | |
Non Current Liabilities Total | 3.6B | 6.2B | 7.9B | 9.9B | 12.0B | 12.7B | |
Inventory | 260.6M | 283.0M | 506.8M | 783.9M | 459.7M | 263.8M | |
Other Current Assets | 119.5M | 239.6M | 277.2M | 146.6M | 262.8M | 276.0M | |
Other Stockholder Equity | 766.0M | 6.1B | 6.3B | 6.5B | 6.6B | 6.9B | |
Total Liab | 4.2B | 7.1B | 8.9B | 11.1B | 13.5B | 14.2B | |
Property Plant And Equipment Gross | 4.6B | 8.3B | 9.5B | 11.1B | 15.6B | 16.4B | |
Total Current Assets | 733.8M | 1.1B | 1.5B | 2.1B | 1.9B | 2.0B | |
Accumulated Other Comprehensive Income | (52.8M) | (106.8M) | (73.1M) | 67.1M | 54.7M | 57.4M | |
Short Term Debt | 56.4M | 223.0M | 208.3M | 185.8M | 615.8M | 646.6M | |
Property Plant Equipment | 4.6B | 8.3B | 9.5B | 11.0B | 12.6B | 13.3B | |
Net Tangible Assets | 850.1M | 2.3B | 2.6B | 3.0B | 3.5B | 3.7B | |
Deferred Long Term Liab | 234.5M | 81.9M | 631.0M | 133.0M | 119.7M | 113.8M | |
Short Long Term Debt | 35.3M | 195.0M | 190.2M | 157.8M | 547.9M | 575.3M | |
Intangible Assets | 19.5M | 18.3M | 12.9M | 7.5M | 6.8M | 12.2M | |
Warrants | 306.6M | 560.5M | 595.0M | 609.7M | 701.2M | 358.4M |
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Is Sunrun'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 Sunrun. If investors know Sunrun 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 Sunrun 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 7.727 | Earnings Share (6.69) | Revenue Per Share 9.763 | Quarterly Revenue Growth (0.22) | Return On Assets (0.02) |
The market value of Sunrun Inc is measured differently than its book value, which is the value of Sunrun that is recorded on the company's balance sheet. Investors also form their own opinion of Sunrun's value that differs from its market value or its book value, called intrinsic value, which is Sunrun'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 Sunrun's market value can be influenced by many factors that don't directly affect Sunrun'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 Sunrun's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunrun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunrun'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.