McGrath RentCorp Financials

MGRC Stock  USD 120.90  1.44  1.21%   
Based on the analysis of McGrath RentCorp's profitability, liquidity, and operating efficiency, McGrath RentCorp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, McGrath RentCorp's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 863.9 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 22 M. Key indicators impacting McGrath RentCorp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.2099
Fairly Down
Pretty Stable
Return On Assets0.0740.0788
Notably Down
Pretty Stable
Return On Equity0.190.187
Fairly Up
Very volatile
Debt Equity Ratio0.880.8171
Significantly Up
Slightly volatile
Operating Income199.2 M189.7 M
Sufficiently Up
Slightly volatile
Current Ratio2.152.0484
Sufficiently Up
Pretty Stable
The financial analysis of McGrath RentCorp is a critical element in measuring its lifeblood. Investors should not minimize McGrath RentCorp's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

183.35 Million

  
Understanding current and past McGrath RentCorp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of McGrath RentCorp's financial statements are interrelated, with each one affecting the others. For example, an increase in McGrath RentCorp's assets may result in an increase in income on the income statement.
Please note, the presentation of McGrath RentCorp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, McGrath RentCorp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of McGrath RentCorp's management manipulating its earnings.

McGrath RentCorp Stock Summary

McGrath RentCorp competes with Alta Equipment, GATX, Mega Matrix, FTAI Aviation, and Custom Truck. McGrath RentCorp operates as a business to business rental company in the United States and internationally. The company was incorporated in 1979 and is headquartered in Livermore, California. McGrath RentCorp operates under Rental Leasing Services classification in the United States and is traded on NASDAQ Exchange. It employs 1184 people.
Specialization
Industrials, Commercial & Professional Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS5805891091
CUSIP580589109
LocationCalifornia; U.S.A
Business Address5700 Las Positas
SectorCommercial Services & Supplies
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.mgrc.com
Phone925 606 9200
CurrencyUSD - US Dollar

McGrath RentCorp Key Financial Ratios

McGrath RentCorp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.3B1.3B1.6B1.7B2.2B2.3B
Retained Earnings527.7M576.4M623.5M693.9M822.8M863.9M
Total Liab675.8M593.1M863.9M903.9M1.3B1.3B
Net Debt291.1M221.5M425.0M412.8M762.1M800.2M
Accounts Payable99.2M100.0M125.3M149.2M152.8M160.4M
Cash2.3M1.2M1.5M957K877K1.1M
Net Receivables128.1M123.3M159.5M190.0M227.4M238.7M
Total Current Assets130.4M124.6M161.0M191.0M228.2M239.7M
Other Current Liab109.2M108.3M136.3M160.8M(152.8M)(145.1M)
Short Term Debt9.9M8.3M11.0M11.6M6.9M6.5M
Common Stock106.4M106.3M108.6M110.1M111.1M73.5M
Other Liab273.2M262.1M301.1M329.3M378.7M397.7M
Other Assets967.5M979.7M1.1B1.2B1.4B1.4B
Long Term Debt293.4M222.8M426.5M413.7M763.0M801.1M
Intangible Assets7.3M7.1M47.0M41.1M64.6M67.8M
Net Tangible Assets598.5M647.3M552.6M630.5M725.1M506.2M
Long Term Debt Total293.4M222.8M426.5M413.7M475.8M355.4M
Inventory(22.5M)(31.8M)2.0(59.8M)(53.8M)(51.2M)
Other Current Assets35.5M33.2M43.9M59.8M68.8M36.2M
Net Invested Capital927.5M905.4M1.2B1.2B1.7B1.2B

McGrath RentCorp Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense12.3M8.8M10.5M15.2M40.6M42.6M
Total Revenue570.2M572.6M616.8M733.8M831.8M873.4M
Gross Profit266.2M263.7M281.0M336.9M393.6M413.3M
Operating Income141.4M140.8M132.4M165.6M189.7M199.2M
Ebit141.4M140.8M132.4M165.6M190.0M199.5M
Ebitda230.8M235.4M239.1M276.9M299.4M314.4M
Income Before Tax129.1M132.0M121.8M150.0M149.5M156.9M
Net Income96.8M102.0M89.7M115.1M174.6M183.4M
Income Tax Expense32.3M30.1M32.1M34.9M37.6M39.5M
Cost Of Revenue304.1M308.8M335.8M396.9M438.2M460.1M
Tax Provision32.3M30.1M32.1M34.9M39.1M21.7M
Net Interest Income(12.3M)(8.8M)(10.5M)(15.2M)(35.5M)(33.8M)

McGrath RentCorp Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash834K(1.1M)253K(534K)(80K)(84K)
Free Cash Flow8.2M80.5M78.9M(10.9M)(178.3M)(169.4M)
Depreciation89.5M94.6M106.7M111.3M109.4M114.8M
Capital Expenditures179.8M100.1M116.8M205.3M273.7M287.4M
Net Income96.8M102.0M89.7M115.1M174.6M183.4M
End Period Cash Flow2.3M1.2M1.5M957K877K533.3K
Dividends Paid35.5M39.8M42.2M44.3M45.6M47.8M
Change To Inventory(20.3M)(316K)(12.2M)(29.3M)(26.4M)(25.1M)
Change Receivables(7.3M)3.4M(24.4M)(31.4M)(28.2M)(26.8M)
Net Borrowings(5.1M)(70.7M)203.7M(12.7M)(14.6M)(13.9M)
Change To Netincome(2.9M)(14.7M)9.2M(24.3M)(21.8M)(20.7M)
Investments(143.1M)(53.0M)(351.7M)(131.4M)(376.2M)(357.4M)

McGrath Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining McGrath RentCorp's current stock value. Our valuation model uses many indicators to compare McGrath RentCorp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across McGrath RentCorp competition to find correlations between indicators driving McGrath RentCorp's intrinsic value. More Info.
McGrath RentCorp is regarded fifth in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about  0.30  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for McGrath RentCorp is roughly  3.36 . At present, McGrath RentCorp's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the McGrath RentCorp's earnings, one of the primary drivers of an investment's value.

McGrath RentCorp Systematic Risk

McGrath RentCorp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. McGrath RentCorp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on McGrath RentCorp correlated with the market. If Beta is less than 0 McGrath RentCorp generally moves in the opposite direction as compared to the market. If McGrath RentCorp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one McGrath RentCorp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of McGrath RentCorp is generally in the same direction as the market. If Beta > 1 McGrath RentCorp moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in McGrath RentCorp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various McGrath RentCorp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of McGrath RentCorp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.32

At present, McGrath RentCorp's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

McGrath RentCorp November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of McGrath RentCorp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of McGrath RentCorp. We use our internally-developed statistical techniques to arrive at the intrinsic value of McGrath RentCorp based on widely used predictive technical indicators. In general, we focus on analyzing McGrath Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build McGrath RentCorp's daily price indicators and compare them against related drivers.

Complementary Tools for McGrath Stock analysis

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