Extra Net Receivables vs Short Term Investments Analysis

0IJV Stock

173.65 3.28 1.93%

Extra Space financial indicator trend analysis is much more than just examining Extra Space Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Extra Space Storage is a good investment. Please check the relationship between Extra Space Net Receivables and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. 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 Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Extra Space Storage Net Receivables account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Extra Space's Net Receivables and Short Term Investments is -0.41. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Extra Space Storage, assuming nothing else is changed. The correlation between historical values of Extra Space's Net Receivables and Short 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 Receivables of Extra Space Storage are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Receivables i.e., Extra Space's Net Receivables and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.41

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Short Term Investments

Short Term Investments is an item under the current assets section of Extra Space balance sheet. It contains any investments Extra Space Storage undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Extra Space Storage can easily liquidate in the marketplace.

Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage 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 Extra Space Storage. 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 gain to about 153.7 M in 2024, whereas Tax Provision is likely to drop slightly above 10 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	1.6B	1.9B	2.6B	2.7B
Depreciation And Amortization	771.7M	886.5M	506.1M	293.1M

Total Revenue Depreciation And Amortization

Extra Space fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Total Stockholder Equity	Other Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Inventory	Other Current Assets	Current Deferred Revenue
Total Assets		0.44	0.98	0.92	0.98	0.97	0.97	-0.03	0.76	-0.14	0.97	-0.49	1.0	0.41	1.0	0.84	0.42	0.89	0.97	0.93	0.49	0.02	-0.07	0.0	0.21	0.25
Common Stock Shares Outstanding	0.44		0.32	0.18	0.33	0.55	0.53	0.15	0.32	0.14	0.53	-0.53	0.47	0.58	0.45	0.1	0.58	0.35	0.55	0.23	0.35	-0.76	-0.18	-0.29	0.3	-0.14
Total Stockholder Equity	0.98	0.32		0.98	1.0	0.89	0.89	-0.05	0.66	-0.18	0.89	-0.5	0.96	0.32	0.97	0.92	0.33	0.83	0.9	0.99	0.34	0.1	0.05	0.15	0.1	0.31
Other Assets	0.92	0.18	0.98		0.98	0.8	0.81	-0.07	0.58	-0.2	0.81	-0.47	0.9	0.22	0.92	0.95	0.23	0.76	0.81	0.99	0.26	0.22	0.13	0.25	0.0	0.35
Other Stockholder Equity	0.98	0.33	1.0	0.98		0.89	0.89	-0.05	0.65	-0.18	0.89	-0.52	0.96	0.33	0.97	0.92	0.33	0.82	0.9	0.99	0.34	0.09	0.06	0.15	0.1	0.31
Total Liab	0.97	0.55	0.89	0.8	0.89		1.0	0.0	0.83	-0.09	1.0	-0.45	0.98	0.48	0.97	0.7	0.49	0.9	1.0	0.82	0.63	-0.07	-0.2	-0.18	0.32	0.16
Short Long Term Debt Total	0.97	0.53	0.89	0.81	0.89	1.0		0.0	0.83	-0.09	1.0	-0.45	0.98	0.47	0.97	0.71	0.48	0.9	1.0	0.82	0.63	-0.05	-0.2	-0.17	0.3	0.16
Other Current Liab	-0.03	0.15	-0.05	-0.07	-0.05	0.0	0.0		-0.15	0.48	0.0	0.02	-0.04	-0.04	-0.03	-0.21	-0.04	-0.13	0.02	-0.06	-0.24	-0.13	0.08	-0.09	-0.06	-0.63
Total Current Liabilities	0.76	0.32	0.66	0.58	0.65	0.83	0.83	-0.15		-0.26	0.83	-0.19	0.78	0.44	0.77	0.56	0.44	0.91	0.79	0.59	0.88	0.08	-0.44	-0.35	0.46	0.22
Property Plant And Equipment Net	-0.14	0.14	-0.18	-0.2	-0.18	-0.09	-0.09	0.48	-0.26		-0.08	-0.13	-0.15	-0.28	-0.14	-0.49	-0.28	-0.34	-0.07	-0.22	-0.3	-0.18	0.21	-0.15	-0.25	-0.77
Net Debt	0.97	0.53	0.89	0.81	0.89	1.0	1.0	0.0	0.83	-0.08		-0.45	0.98	0.47	0.97	0.71	0.47	0.9	1.0	0.82	0.62	-0.04	-0.2	-0.17	0.3	0.16
Retained Earnings	-0.49	-0.53	-0.5	-0.47	-0.52	-0.45	-0.45	0.02	-0.19	-0.13	-0.45		-0.49	-0.31	-0.49	-0.4	-0.31	-0.16	-0.47	-0.51	-0.09	0.45	-0.37	-0.17	0.1	0.06
Accounts Payable	1.0	0.47	0.96	0.9	0.96	0.98	0.98	-0.04	0.78	-0.15	0.98	-0.49		0.43	1.0	0.82	0.44	0.9	0.98	0.92	0.52	-0.02	-0.12	-0.04	0.23	0.25
Cash	0.41	0.58	0.32	0.22	0.33	0.48	0.47	-0.04	0.44	-0.28	0.47	-0.31	0.43		0.41	0.24	1.0	0.44	0.47	0.31	0.44	-0.35	-0.25	-0.24	0.33	0.19
Non Current Assets Total	1.0	0.45	0.97	0.92	0.97	0.97	0.97	-0.03	0.77	-0.14	0.97	-0.49	1.0	0.41		0.83	0.42	0.89	0.98	0.93	0.5	0.02	-0.08	-0.01	0.21	0.25
Non Currrent Assets Other	0.84	0.1	0.92	0.95	0.92	0.7	0.71	-0.21	0.56	-0.49	0.71	-0.4	0.82	0.24	0.83		0.24	0.75	0.71	0.94	0.27	0.22	0.11	0.32	0.08	0.57
Cash And Short Term Investments	0.42	0.58	0.33	0.23	0.33	0.49	0.48	-0.04	0.44	-0.28	0.47	-0.31	0.44	1.0	0.42	0.24		0.45	0.48	0.32	0.44	-0.35	-0.25	-0.24	0.33	0.2
Net Receivables	0.89	0.35	0.83	0.76	0.82	0.9	0.9	-0.13	0.91	-0.34	0.9	-0.16	0.9	0.44	0.89	0.75	0.45		0.88	0.77	0.69	0.08	-0.41	-0.22	0.37	0.38
Non Current Liabilities Total	0.97	0.55	0.9	0.81	0.9	1.0	1.0	0.02	0.79	-0.07	1.0	-0.47	0.98	0.47	0.98	0.71	0.48	0.88		0.83	0.59	-0.07	-0.17	-0.15	0.29	0.16
Total Current Assets	0.93	0.23	0.99	0.99	0.99	0.82	0.82	-0.06	0.59	-0.22	0.82	-0.51	0.92	0.31	0.93	0.94	0.32	0.77	0.83		0.26	0.15	0.12	0.23	0.03	0.36
Short Term Debt	0.49	0.35	0.34	0.26	0.34	0.63	0.63	-0.24	0.88	-0.3	0.62	-0.09	0.52	0.44	0.5	0.27	0.44	0.69	0.59	0.26		0.04	-0.53	-0.5	0.46	0.19
Common Stock	0.02	-0.76	0.1	0.22	0.09	-0.07	-0.05	-0.13	0.08	-0.18	-0.04	0.45	-0.02	-0.35	0.02	0.22	-0.35	0.08	-0.07	0.15	0.04		0.09	0.22	-0.16	0.2
Short Term Investments	-0.07	-0.18	0.05	0.13	0.06	-0.2	-0.2	0.08	-0.44	0.21	-0.2	-0.37	-0.12	-0.25	-0.08	0.11	-0.25	-0.41	-0.17	0.12	-0.53	0.09		0.89	0.02	-0.07
Inventory	0.0	-0.29	0.15	0.25	0.15	-0.18	-0.17	-0.09	-0.35	-0.15	-0.17	-0.17	-0.04	-0.24	-0.01	0.32	-0.24	-0.22	-0.15	0.23	-0.5	0.22	0.89		0.16	0.24
Other Current Assets	0.21	0.3	0.1	0.0	0.1	0.32	0.3	-0.06	0.46	-0.25	0.3	0.1	0.23	0.33	0.21	0.08	0.33	0.37	0.29	0.03	0.46	-0.16	0.02	0.16		0.13
Current Deferred Revenue	0.25	-0.14	0.31	0.35	0.31	0.16	0.16	-0.63	0.22	-0.77	0.16	0.06	0.25	0.19	0.25	0.57	0.2	0.38	0.16	0.36	0.19	0.2	-0.07	0.24	0.13

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Extra Space Account Relationship Matchups

Extra Space fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Common Stock Shares Outstanding	136.4M	129.6M	140.0M	141.7M	169.2M	102.0M
Liabilities And Stockholders Equity	8.5B	9.4B	10.5B	12.2B	27.5B	28.8B
Total Stockholder Equity	2.5B	2.5B	3.1B	3.3B	14.4B	15.1B
Other Assets	93.3M	111.3M	7.4M	4.8M	27.5B	28.8B
Other Stockholder Equity	2.9B	3.0B	3.3B	3.3B	14.8B	15.5B
Total Liab	5.6B	6.5B	6.7B	8.1B	12.0B	12.6B
Short Long Term Debt Total	5.3B	6.0B	6.2B	7.6B	11.4B	12.0B
Other Current Liab	(523.2M)	47.1M	63.6M	67.4M	21.8M	20.7M
Total Current Liabilities	314.6M	1.1B	740.9M	1.2B	1.1B	1.1B
Property Plant And Equipment Net	264.6M	252.2M	227.9M	221.7M	275.9M	262.1M
Net Debt	5.3B	5.9B	6.1B	7.5B	11.3B	11.9B
Retained Earnings	(301.0M)	(354.9M)	(128.2M)	(135.9M)	(379.0M)	(360.1M)
Accounts Payable	111.4M	130.0M	142.3M	171.7M	334.5M	351.2M
Cash	65.7M	109.1M	71.1M	92.9M	99.1M	68.0M
Non Current Assets Total	8.5B	9.3B	10.4B	12.1B	26.5B	27.8B
Non Currrent Assets Other	162.1M	130.6M	159.2M	(1.9B)	24.5B	25.7B
Cash And Short Term Investments	65.7M	109.1M	71.1M	92.9M	99.1M	69.1M
Non Current Liabilities Total	5.3B	5.3B	5.9B	6.9B	10.9B	11.5B
Total Current Assets	70.7M	128.0M	76.2M	92.9M	955.9M	1.0B
Short Term Debt	568.4M	949M	535M	945M	731.3M	417.9M
Common Stock	1.3M	1.3M	1.3M	1.3M	2.1M	2.2M
Short Term Investments	42.3M	6.2M	270K	(558.0M)	26.2M	27.5M
Accumulated Other Comprehensive Income	(29.0M)	(99.1M)	(42.5M)	48.8M	17.4M	18.3M
Other Current Assets	48.6M	312.7M	546.7M	55.2M	91.2M	92.4M
Intangible Assets	134.9M	137.1M	147.0M	21.6M	147.6M	120.1M
Long Term Debt	4.6B	4.8B	5.0B	5.7B	6.6B	5.4B
Capital Surpluse	2.6B	2.6B	2.9B	3.0B	3.5B	3.0B
Property Plant Equipment	8.0B	8.1B	9.0B	10.2B	11.8B	8.9B
Other Liab	101.4M	174.5M	127.4M	144.0M	165.6M	133.9M
Net Tangible Assets	2.5B	2.5B	3.1B	3.1B	3.5B	2.9B

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Extra Net Receivables vs Short Term Investments Analysis

Net Receivables vs Short Term Investments

Net Receivables vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Receivables

Short Term Investments

Extra Space fundamental ratios Correlations

Extra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Extra Space fundamental ratios Accounts

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Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Short Long Term Debt Total	+ 1.0	Total Liab
Net Debt	+ 1.0	Total Liab
Non Current Liabilities Total	+ 1.0	Total Liab

Current Deferred Revenue	- 0.77	Property Plant And Equipment Net
Common Stock	- 0.76	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.63	Other Current Liab
Short Term Investments	- 0.53	Short Term Debt
Retained Earnings	- 0.53	Common Stock Shares Outstanding
Retained Earnings	- 0.52	Other Stockholder Equity