Avis Net Receivables vs Total Current Assets Analysis

0HK4 Stock

99.69 2.11 2.07%

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 Net Receivables and its Total Current Assets 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.

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avis Budget Group Net Receivables account and Total Current Assets. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Avis Budget's Net Receivables and Total Current Assets is 0.52. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Current Assets 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 Net Receivables and Total Current Assets 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 Receivables of Avis Budget Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Receivables i.e., Avis Budget's Net Receivables and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Net Receivables

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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 Expense	218M	250M	296M	369.4M
Depreciation And Amortization	2.5B	2.8B	3.5B	3.6B

Interest Expense Depreciation And Amortization

Avis Budget fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will	Inventory
Total Assets		0.97	0.35	0.78	-0.6	0.95	0.97	0.83	-0.31	1.0	-0.25	-0.31	0.49	-0.69	0.98	0.37	-0.92	0.99	0.32	0.81	-0.3	0.15	-0.27	-0.31	-0.17	-0.3
Short Long Term Debt Total	0.97		0.41	0.74	-0.76	0.99	1.0	0.7	-0.47	0.98	-0.46	-0.47	0.5	-0.64	1.0	0.2	-0.86	1.0	0.15	0.83	-0.51	-0.06	-0.47	-0.43	-0.38	-0.49
Other Current Liab	0.35	0.41		0.32	-0.4	0.39	0.41	0.04	-0.25	0.35	-0.35	-0.25	0.79	-0.35	0.4	-0.21	-0.16	0.39	0.27	0.26	-0.43	-0.42	-0.45	-0.85	-0.36	-0.53
Total Current Liabilities	0.78	0.74	0.32		-0.47	0.7	0.74	0.78	-0.01	0.78	-0.09	-0.01	0.54	-0.93	0.74	0.6	-0.84	0.76	0.39	0.88	-0.05	0.24	-0.01	-0.09	0.09	-0.18
Total Stockholder Equity	-0.6	-0.76	-0.4	-0.47		-0.79	-0.77	-0.21	0.77	-0.62	0.85	0.77	-0.34	0.38	-0.72	0.23	0.51	-0.72	0.4	-0.68	0.85	0.56	0.82	0.58	0.77	0.83
Property Plant And Equipment Net	0.95	0.99	0.39	0.7	-0.79		1.0	0.66	-0.52	0.96	-0.52	-0.52	0.46	-0.58	0.99	0.13	-0.83	0.99	0.09	0.81	-0.56	-0.13	-0.53	-0.45	-0.45	-0.51
Net Debt	0.97	1.0	0.41	0.74	-0.77	1.0		0.7	-0.49	0.98	-0.47	-0.49	0.5	-0.64	1.0	0.18	-0.86	1.0	0.14	0.83	-0.52	-0.07	-0.49	-0.44	-0.39	-0.5
Retained Earnings	0.83	0.7	0.04	0.78	-0.21	0.66	0.7		0.09	0.82	0.26	0.09	0.32	-0.78	0.73	0.79	-0.95	0.75	0.55	0.64	0.23	0.62	0.27	0.15	0.35	0.18
Cash	-0.31	-0.47	-0.25	-0.01	0.77	-0.52	-0.49	0.09		-0.34	0.73	1.0	-0.18	-0.07	-0.45	0.52	0.16	-0.43	0.64	-0.22	0.81	0.66	0.81	0.62	0.8	0.78
Non Current Assets Total	1.0	0.98	0.35	0.78	-0.62	0.96	0.98	0.82	-0.34		-0.28	-0.34	0.48	-0.68	0.99	0.35	-0.92	0.99	0.29	0.82	-0.33	0.13	-0.29	-0.32	-0.2	-0.32
Non Currrent Assets Other	-0.25	-0.46	-0.35	-0.09	0.85	-0.52	-0.47	0.26	0.73	-0.28		0.73	-0.16	-0.04	-0.41	0.64	0.05	-0.4	0.58	-0.37	0.97	0.85	0.96	0.62	0.96	0.86
Cash And Short Term Investments	-0.31	-0.47	-0.25	-0.01	0.77	-0.52	-0.49	0.09	1.0	-0.34	0.73		-0.18	-0.07	-0.45	0.52	0.16	-0.43	0.64	-0.22	0.81	0.66	0.81	0.62	0.8	0.78
Net Receivables	0.49	0.5	0.79	0.54	-0.34	0.46	0.5	0.32	-0.18	0.48	-0.16	-0.18		-0.63	0.5	0.09	-0.39	0.5	0.52	0.38	-0.23	-0.13	-0.23	-0.55	-0.12	-0.46
Common Stock Shares Outstanding	-0.69	-0.64	-0.35	-0.93	0.38	-0.58	-0.64	-0.78	-0.07	-0.68	-0.04	-0.07	-0.63		-0.63	-0.68	0.81	-0.65	-0.51	-0.74	-0.07	-0.32	-0.11	0.01	-0.21	0.15
Non Current Liabilities Total	0.98	1.0	0.4	0.74	-0.72	0.99	1.0	0.73	-0.45	0.99	-0.41	-0.45	0.5	-0.63		0.22	-0.88	1.0	0.19	0.81	-0.47	-0.02	-0.43	-0.42	-0.34	-0.44
Other Current Assets	0.37	0.2	-0.21	0.6	0.23	0.13	0.18	0.79	0.52	0.35	0.64	0.52	0.09	-0.68	0.22		-0.62	0.25	0.61	0.34	0.68	0.85	0.71	0.54	0.77	0.53
Other Stockholder Equity	-0.92	-0.86	-0.16	-0.84	0.51	-0.83	-0.86	-0.95	0.16	-0.92	0.05	0.16	-0.39	0.81	-0.88	-0.62		-0.89	-0.36	-0.78	0.08	-0.36	0.03	0.06	-0.06	0.1
Total Liab	0.99	1.0	0.39	0.76	-0.72	0.99	1.0	0.75	-0.43	0.99	-0.4	-0.43	0.5	-0.65	1.0	0.25	-0.89		0.2	0.83	-0.44	0.01	-0.41	-0.4	-0.32	-0.43
Total Current Assets	0.32	0.15	0.27	0.39	0.4	0.09	0.14	0.55	0.64	0.29	0.58	0.64	0.52	-0.51	0.19	0.61	-0.36	0.2		0.12	0.55	0.64	0.55	0.13	0.62	0.45
Short Term Debt	0.81	0.83	0.26	0.88	-0.68	0.81	0.83	0.64	-0.22	0.82	-0.37	-0.22	0.38	-0.74	0.81	0.34	-0.78	0.83	0.12		-0.33	0.05	-0.29	-0.18	-0.2	-0.4
Intangible Assets	-0.3	-0.51	-0.43	-0.05	0.85	-0.56	-0.52	0.23	0.81	-0.33	0.97	0.81	-0.23	-0.07	-0.47	0.68	0.08	-0.44	0.55	-0.33		0.87	1.0	0.72	0.99	0.89
Accounts Payable	0.15	-0.06	-0.42	0.24	0.56	-0.13	-0.07	0.62	0.66	0.13	0.85	0.66	-0.13	-0.32	-0.02	0.85	-0.36	0.01	0.64	0.05	0.87		0.88	0.68	0.91	0.78
Common Stock	-0.27	-0.47	-0.45	-0.01	0.82	-0.53	-0.49	0.27	0.81	-0.29	0.96	0.81	-0.23	-0.11	-0.43	0.71	0.03	-0.41	0.55	-0.29	1.0	0.88		0.75	0.99	0.89
Current Deferred Revenue	-0.31	-0.43	-0.85	-0.09	0.58	-0.45	-0.44	0.15	0.62	-0.32	0.62	0.62	-0.55	0.01	-0.42	0.54	0.06	-0.4	0.13	-0.18	0.72	0.68	0.75		0.69	0.69
Good Will	-0.17	-0.38	-0.36	0.09	0.77	-0.45	-0.39	0.35	0.8	-0.2	0.96	0.8	-0.12	-0.21	-0.34	0.77	-0.06	-0.32	0.62	-0.2	0.99	0.91	0.99	0.69		0.83
Inventory	-0.3	-0.49	-0.53	-0.18	0.83	-0.51	-0.5	0.18	0.78	-0.32	0.86	0.78	-0.46	0.15	-0.44	0.53	0.1	-0.43	0.45	-0.4	0.89	0.78	0.89	0.69	0.83

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Avis Budget Account Relationship Matchups

Avis Budget fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	23.1B	17.5B	22.6B	25.9B	32.6B	34.2B
Short Long Term Debt Total	17.1B	13.7B	17.8B	20.9B	26.5B	27.8B
Other Current Liab	1.2B	911M	988M	1.1B	1.1B	800.9M
Total Current Liabilities	2.2B	2.1B	2.4B	2.6B	2.7B	2.1B
Total Stockholder Equity	656M	(155M)	(220M)	(703M)	(349M)	(331.6M)
Property Plant And Equipment Net	15.2B	11.1B	15.6B	18.6B	23.9B	25.1B
Net Debt	16.4B	13.0B	17.3B	20.3B	25.9B	27.2B
Retained Earnings	(785M)	(1.5B)	(185M)	2.6B	3.9B	4.0B
Cash	615M	686M	692M	570M	555M	525.9M
Non Current Assets Total	21.0B	15.7B	20.8B	24.0B	30.3B	31.9B
Non Currrent Assets Other	1.5B	877M	858M	1.3B	1.5B	1.4B
Cash And Short Term Investments	615M	686M	692M	570M	555M	525.9M
Net Receivables	1.1B	794M	1.0B	952M	1.1B	834.3M
Common Stock Shares Outstanding	75.7M	70.5M	66.1M	48.4M	38.8M	77.3M
Liabilities And Stockholders Equity	23.1B	17.5B	22.6B	25.9B	32.6B	34.2B
Non Current Liabilities Total	20.2B	15.6B	20.4B	24.1B	30.3B	31.8B
Other Current Assets	141M	309M	300M	364M	492M	335.5M
Other Stockholder Equity	1.6B	1.5B	97M	(3.2B)	(4.1B)	(3.9B)
Total Liab	22.5B	17.7B	22.8B	26.6B	32.9B	34.6B
Total Current Assets	2.1B	1.8B	1.8B	1.9B	2.1B	2.0B
Accumulated Other Comprehensive Income	(133M)	(157M)	(187M)	(101M)	(96M)	(100.8M)
Short Term Debt	498M	533M	515M	582M	608M	638.4M
Intangible Assets	798M	774M	724M	666M	670M	636.5M
Accounts Payable	378M	394M	407M	466M	487M	783.8M
Current Deferred Revenue	125M	464M	185M	188M	168M	311.3M
Good Will	1.1B	1.1B	1.1B	1.1B	1.1B	1.0B
Inventory	234M	161M	205M	252M	226.8M	283.6M
Other Assets	15.4B	10.5B	15.9B	19.0B	85M	80.8M
Long Term Debt	12.8B	13.8B	14.2B	10.8B	9.7B	10.2B
Capital Surpluse	6.8B	6.8B	6.7B	6.7B	6.0B	5.4B
Treasury Stock	(5.0B)	(5.1B)	(5.1B)	(5.2B)	(4.7B)	(4.9B)
Property Plant Equipment	3.4B	3.2B	2.9B	3.0B	2.7B	2.9B
Other Liab	730M	662M	598M	554M	498.6M	536M
Net Tangible Assets	(1.2B)	(2.1B)	(2.1B)	(2.4B)	(2.2B)	(2.3B)

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Avis Net Receivables vs Total Current Assets Analysis

Net Receivables vs Total Current Assets

Net Receivables vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Total Current Assets

Avis Budget fundamental ratios Correlations

Avis Budget Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avis Budget fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Net Debt	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Net Debt

Other Stockholder Equity	- 0.95	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Total Current Liabilities
Other Stockholder Equity	- 0.92	Non Current Assets Total
Other Stockholder Equity	- 0.92	Total Assets
Total Liab	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Non Current Liabilities Total