Avis Depreciation And Amortization vs Total Current Liabilities Analysis

0HK4 Stock   96.47  3.22  3.23%   
Avis Budget financial indicator trend analysis is way more than just evaluating Avis Budget Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avis Budget Group is a good investment. Please check the relationship between Avis Budget Depreciation And Amortization and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Depreciation And Amortization vs Total Current Liabilities

Depreciation And Amortization vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Depreciation And Amortization account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Avis Budget's Depreciation And Amortization and Total Current Liabilities is 0.75. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Avis Budget Group, assuming nothing else is changed. The correlation between historical values of Avis Budget's Depreciation And Amortization and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Avis Budget Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Depreciation And Amortization i.e., Avis Budget's Depreciation And Amortization and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.75
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Current Liabilities

Total Current Liabilities is an item on Avis Budget balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Avis Budget Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Avis Budget's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avis Budget Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 1.2 B in 2024. Tax Provision is likely to gain to about (232.6 M) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense218M250M296M369.4M
Depreciation And Amortization2.5B2.8B3.5B3.6B

Avis Budget fundamental ratios Correlations

0.970.350.78-0.60.950.970.83-0.311.0-0.25-0.310.49-0.690.980.37-0.920.990.320.81-0.30.15-0.27-0.31-0.17-0.3
0.970.410.74-0.760.991.00.7-0.470.98-0.46-0.470.5-0.641.00.2-0.861.00.150.83-0.51-0.06-0.47-0.43-0.38-0.49
0.350.410.32-0.40.390.410.04-0.250.35-0.35-0.250.79-0.350.4-0.21-0.160.390.270.26-0.43-0.42-0.45-0.85-0.36-0.53
0.780.740.32-0.470.70.740.78-0.010.78-0.09-0.010.54-0.930.740.6-0.840.760.390.88-0.050.24-0.01-0.090.09-0.18
-0.6-0.76-0.4-0.47-0.79-0.77-0.210.77-0.620.850.77-0.340.38-0.720.230.51-0.720.4-0.680.850.560.820.580.770.83
0.950.990.390.7-0.791.00.66-0.520.96-0.52-0.520.46-0.580.990.13-0.830.990.090.81-0.56-0.13-0.53-0.45-0.45-0.51
0.971.00.410.74-0.771.00.7-0.490.98-0.47-0.490.5-0.641.00.18-0.861.00.140.83-0.52-0.07-0.49-0.44-0.39-0.5
0.830.70.040.78-0.210.660.70.090.820.260.090.32-0.780.730.79-0.950.750.550.640.230.620.270.150.350.18
-0.31-0.47-0.25-0.010.77-0.52-0.490.09-0.340.731.0-0.18-0.07-0.450.520.16-0.430.64-0.220.810.660.810.620.80.78
1.00.980.350.78-0.620.960.980.82-0.34-0.28-0.340.48-0.680.990.35-0.920.990.290.82-0.330.13-0.29-0.32-0.2-0.32
-0.25-0.46-0.35-0.090.85-0.52-0.470.260.73-0.280.73-0.16-0.04-0.410.640.05-0.40.58-0.370.970.850.960.620.960.86
-0.31-0.47-0.25-0.010.77-0.52-0.490.091.0-0.340.73-0.18-0.07-0.450.520.16-0.430.64-0.220.810.660.810.620.80.78
0.490.50.790.54-0.340.460.50.32-0.180.48-0.16-0.18-0.630.50.09-0.390.50.520.38-0.23-0.13-0.23-0.55-0.12-0.46
-0.69-0.64-0.35-0.930.38-0.58-0.64-0.78-0.07-0.68-0.04-0.07-0.63-0.63-0.680.81-0.65-0.51-0.74-0.07-0.32-0.110.01-0.210.15
0.981.00.40.74-0.720.991.00.73-0.450.99-0.41-0.450.5-0.630.22-0.881.00.190.81-0.47-0.02-0.43-0.42-0.34-0.44
0.370.2-0.210.60.230.130.180.790.520.350.640.520.09-0.680.22-0.620.250.610.340.680.850.710.540.770.53
-0.92-0.86-0.16-0.840.51-0.83-0.86-0.950.16-0.920.050.16-0.390.81-0.88-0.62-0.89-0.36-0.780.08-0.360.030.06-0.060.1
0.991.00.390.76-0.720.991.00.75-0.430.99-0.4-0.430.5-0.651.00.25-0.890.20.83-0.440.01-0.41-0.4-0.32-0.43
0.320.150.270.390.40.090.140.550.640.290.580.640.52-0.510.190.61-0.360.20.120.550.640.550.130.620.45
0.810.830.260.88-0.680.810.830.64-0.220.82-0.37-0.220.38-0.740.810.34-0.780.830.12-0.330.05-0.29-0.18-0.2-0.4
-0.3-0.51-0.43-0.050.85-0.56-0.520.230.81-0.330.970.81-0.23-0.07-0.470.680.08-0.440.55-0.330.871.00.720.990.89
0.15-0.06-0.420.240.56-0.13-0.070.620.660.130.850.66-0.13-0.32-0.020.85-0.360.010.640.050.870.880.680.910.78
-0.27-0.47-0.45-0.010.82-0.53-0.490.270.81-0.290.960.81-0.23-0.11-0.430.710.03-0.410.55-0.291.00.880.750.990.89
-0.31-0.43-0.85-0.090.58-0.45-0.440.150.62-0.320.620.62-0.550.01-0.420.540.06-0.40.13-0.180.720.680.750.690.69
-0.17-0.38-0.360.090.77-0.45-0.390.350.8-0.20.960.8-0.12-0.21-0.340.77-0.06-0.320.62-0.20.990.910.990.690.83
-0.3-0.49-0.53-0.180.83-0.51-0.50.180.78-0.320.860.78-0.460.15-0.440.530.1-0.430.45-0.40.890.780.890.690.83
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Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets23.1B17.5B22.6B25.9B32.6B34.2B
Short Long Term Debt Total17.1B13.7B17.8B20.9B26.5B27.8B
Other Current Liab1.2B911M988M1.1B1.1B800.9M
Total Current Liabilities2.2B2.1B2.4B2.6B2.7B2.1B
Total Stockholder Equity656M(155M)(220M)(703M)(349M)(331.6M)
Property Plant And Equipment Net15.2B11.1B15.6B18.6B23.9B25.1B
Net Debt16.4B13.0B17.3B20.3B25.9B27.2B
Retained Earnings(785M)(1.5B)(185M)2.6B3.9B4.0B
Cash615M686M692M570M555M525.9M
Non Current Assets Total21.0B15.7B20.8B24.0B30.3B31.9B
Non Currrent Assets Other1.5B877M858M1.3B1.5B1.4B
Cash And Short Term Investments615M686M692M570M555M525.9M
Net Receivables1.1B794M1.0B952M1.1B834.3M
Common Stock Shares Outstanding75.7M70.5M66.1M48.4M38.8M77.3M
Liabilities And Stockholders Equity23.1B17.5B22.6B25.9B32.6B34.2B
Non Current Liabilities Total20.2B15.6B20.4B24.1B30.3B31.8B
Other Current Assets141M309M300M364M492M335.5M
Other Stockholder Equity1.6B1.5B97M(3.2B)(4.1B)(3.9B)
Total Liab22.5B17.7B22.8B26.6B32.9B34.6B
Total Current Assets2.1B1.8B1.8B1.9B2.1B2.0B
Accumulated Other Comprehensive Income(133M)(157M)(187M)(101M)(96M)(100.8M)
Short Term Debt498M533M515M582M608M638.4M
Intangible Assets798M774M724M666M670M636.5M
Accounts Payable378M394M407M466M487M783.8M
Current Deferred Revenue125M464M185M188M168M311.3M
Good Will1.1B1.1B1.1B1.1B1.1B1.0B
Inventory234M161M205M252M226.8M283.6M
Other Assets15.4B10.5B15.9B19.0B85M80.8M
Long Term Debt12.8B13.8B14.2B10.8B9.7B10.2B
Capital Surpluse6.8B6.8B6.7B6.7B6.0B5.4B
Treasury Stock(5.0B)(5.1B)(5.1B)(5.2B)(4.7B)(4.9B)
Property Plant Equipment3.4B3.2B2.9B3.0B2.7B2.9B
Other Liab730M662M598M554M498.6M536M
Net Tangible Assets(1.2B)(2.1B)(2.1B)(2.4B)(2.2B)(2.3B)

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