Independence Net Income vs Capital Expenditures Analysis

IRT Stock

USD 21.84 0.17 0.77%

Independence Realty financial indicator trend analysis is infinitely more than just investigating Independence Realty Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independence Realty Trust is a good investment. Please check the relationship between Independence Realty Net Income and its Capital Expenditures accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Independence Realty's Net Income and Capital Expenditures is -0.28. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Independence Realty Trust, assuming nothing else is changed. The correlation between historical values of Independence Realty's Net Income and Capital Expenditures 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 Income of Independence Realty Trust are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Independence Realty's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Independence Realty Trust financial statement analysis. It represents the amount of money remaining after all of Independence Realty Trust operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Independence Realty Trust to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Independence Realty operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Independence Realty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independence Realty Trust 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Realty Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Independence Realty's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Enterprise Value Multiple is likely to drop 19.06 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	147.5M	372.2M	167.4M	103.4M
Total Revenue	250.3M	628.5M	661.0M	694.0M

Gross Profit Total Revenue

Independence Realty fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Total Equity	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Non Current Liabilities Total	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Retained Earnings Total Equity	Short Term Investments
Total Assets		0.15	0.85	1.0	0.93	-0.88	0.53	0.53	0.98	1.0	0.99	0.78	0.98	0.92	0.85	0.84	0.93	0.99	1.0	0.56	0.54	0.81	0.87	0.3	-0.83	0.8
Other Current Liab	0.15		0.64	0.16	-0.22	-0.26	0.19	0.19	0.19	0.17	0.14	0.52	0.13	0.02	-0.26	-0.34	0.29	0.22	0.17	-0.38	-0.39	-0.08	-0.21	0.01	0.02	-0.18
Total Current Liabilities	0.85	0.64		0.86	0.6	-0.81	0.48	0.48	0.85	0.86	0.83	0.87	0.82	0.71	0.5	0.46	0.87	0.88	0.86	0.22	0.2	0.61	0.55	0.14	-0.62	0.53
Total Stockholder Equity	1.0	0.16	0.86		0.92	-0.87	0.49	0.49	0.97	1.0	0.98	0.78	0.97	0.91	0.83	0.82	0.92	0.99	1.0	0.54	0.53	0.83	0.85	0.26	-0.8	0.81
Net Debt	0.93	-0.22	0.6	0.92		-0.74	0.48	0.48	0.89	0.91	0.92	0.57	0.91	0.88	0.94	0.96	0.81	0.88	0.92	0.72	0.71	0.8	0.95	0.31	-0.8	0.84
Retained Earnings	-0.88	-0.26	-0.81	-0.87	-0.74		-0.33	-0.33	-0.95	-0.89	-0.89	-0.86	-0.93	-0.94	-0.7	-0.67	-0.82	-0.9	-0.88	-0.24	-0.23	-0.82	-0.7	-0.42	0.88	-0.72
Cash	0.53	0.19	0.48	0.49	0.48	-0.33		1.0	0.49	0.48	0.59	0.38	0.51	0.33	0.6	0.51	0.61	0.46	0.5	0.48	0.47	0.16	0.62	0.29	-0.36	0.23
Cash And Short Term Investments	0.53	0.19	0.48	0.49	0.48	-0.33	1.0		0.49	0.48	0.59	0.38	0.51	0.33	0.6	0.51	0.61	0.46	0.5	0.48	0.47	0.16	0.62	0.29	-0.36	0.23
Common Stock Total Equity	0.98	0.19	0.85	0.97	0.89	-0.95	0.49	0.49		0.98	0.98	0.83	1.0	0.96	0.83	0.81	0.92	0.98	0.98	0.46	0.45	0.82	0.84	0.41	-0.88	0.78
Other Stockholder Equity	1.0	0.17	0.86	1.0	0.91	-0.89	0.48	0.48	0.98		0.98	0.79	0.98	0.93	0.82	0.82	0.93	0.99	1.0	0.53	0.51	0.84	0.85	0.27	-0.83	0.81
Total Liab	0.99	0.14	0.83	0.98	0.92	-0.89	0.59	0.59	0.98	0.98		0.77	0.99	0.92	0.88	0.86	0.94	0.97	0.98	0.57	0.56	0.78	0.9	0.38	-0.86	0.77
Total Current Assets	0.78	0.52	0.87	0.78	0.57	-0.86	0.38	0.38	0.83	0.79	0.77		0.78	0.81	0.46	0.42	0.68	0.85	0.8	-0.04	-0.06	0.76	0.47	0.31	-0.56	0.7
Common Stock	0.98	0.13	0.82	0.97	0.91	-0.93	0.51	0.51	1.0	0.98	0.99	0.78		0.95	0.87	0.85	0.93	0.96	0.97	0.55	0.53	0.8	0.88	0.43	-0.9	0.76
Common Stock Shares Outstanding	0.92	0.02	0.71	0.91	0.88	-0.94	0.33	0.33	0.96	0.93	0.92	0.81	0.95		0.8	0.8	0.78	0.93	0.92	0.36	0.35	0.92	0.8	0.41	-0.85	0.88
Non Current Liabilities Total	0.85	-0.26	0.5	0.83	0.94	-0.7	0.6	0.6	0.83	0.82	0.88	0.46	0.87	0.8		0.99	0.79	0.78	0.83	0.78	0.77	0.66	1.0	0.46	-0.84	0.69
Short Long Term Debt Total	0.84	-0.34	0.46	0.82	0.96	-0.67	0.51	0.51	0.81	0.82	0.86	0.42	0.85	0.8	0.99		0.76	0.77	0.82	0.8	0.79	0.69	0.98	0.38	-0.82	0.73
Other Liab	0.93	0.29	0.87	0.92	0.81	-0.82	0.61	0.61	0.92	0.93	0.94	0.68	0.93	0.78	0.79	0.76		0.9	0.92	0.61	0.6	0.61	0.83	0.31	-0.84	0.56
Net Tangible Assets	0.99	0.22	0.88	0.99	0.88	-0.9	0.46	0.46	0.98	0.99	0.97	0.85	0.96	0.93	0.78	0.77	0.9		0.99	0.43	0.42	0.86	0.8	0.25	-0.78	0.83
Accounts Payable	1.0	0.17	0.86	1.0	0.92	-0.88	0.5	0.5	0.98	1.0	0.98	0.8	0.97	0.92	0.83	0.82	0.92	0.99		0.52	0.51	0.83	0.85	0.25	-0.81	0.81
Non Current Assets Total	0.56	-0.38	0.22	0.54	0.72	-0.24	0.48	0.48	0.46	0.53	0.57	-0.04	0.55	0.36	0.78	0.8	0.61	0.43	0.52		1.0	0.2	0.8	0.24	-0.58	0.27
Non Currrent Assets Other	0.54	-0.39	0.2	0.53	0.71	-0.23	0.47	0.47	0.45	0.51	0.56	-0.06	0.53	0.35	0.77	0.79	0.6	0.42	0.51	1.0		0.19	0.79	0.24	-0.57	0.26
Other Assets	0.81	-0.08	0.61	0.83	0.8	-0.82	0.16	0.16	0.82	0.84	0.78	0.76	0.8	0.92	0.66	0.69	0.61	0.86	0.83	0.2	0.19		0.64	0.12	-0.64	0.97
Long Term Debt	0.87	-0.21	0.55	0.85	0.95	-0.7	0.62	0.62	0.84	0.85	0.9	0.47	0.88	0.8	1.0	0.98	0.83	0.8	0.85	0.8	0.79	0.64		0.44	-0.85	0.67
Net Receivables	0.3	0.01	0.14	0.26	0.31	-0.42	0.29	0.29	0.41	0.27	0.38	0.31	0.43	0.41	0.46	0.38	0.31	0.25	0.25	0.24	0.24	0.12	0.44		-0.54	0.14
Retained Earnings Total Equity	-0.83	0.02	-0.62	-0.8	-0.8	0.88	-0.36	-0.36	-0.88	-0.83	-0.86	-0.56	-0.9	-0.85	-0.84	-0.82	-0.84	-0.78	-0.81	-0.58	-0.57	-0.64	-0.85	-0.54		-0.56
Short Term Investments	0.8	-0.18	0.53	0.81	0.84	-0.72	0.23	0.23	0.78	0.81	0.77	0.7	0.76	0.88	0.69	0.73	0.56	0.83	0.81	0.27	0.26	0.97	0.67	0.14	-0.56

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Independence Realty Account Relationship Matchups

Independence Realty fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	6.5B	6.5B	6.3B	6.6B
Other Current Liab	(463.7M)	(467.6M)	927.1M	(1.9B)	817.4M	858.3M
Total Current Liabilities	44.1M	39.6M	1.0B	149.6M	993.3M	1.0B
Total Stockholder Equity	613.3M	708.1M	3.5B	3.6B	3.4B	3.6B
Net Debt	975.7M	936.9M	2.7B	4.6B	2.4B	2.5B
Retained Earnings	(141.5M)	(178.8M)	(188.4M)	(191.7M)	(348.4M)	(331.0M)
Cash	9.9M	8.8M	36.0M	16.1M	22.9M	14.2M
Cash And Short Term Investments	9.9M	8.8M	36.0M	16.1M	22.9M	14.2M
Common Stock Total Equity	911K	1.0M	2.2M	2.2M	2.6M	2.7M
Liabilities And Stockholders Equity	1.7B	1.7B	6.5B	6.5B	6.3B	6.6B
Other Stockholder Equity	766.0M	1.1B	3.7B	3.8B	3.8B	3.9B
Total Liab	1.0B	1.0B	2.9B	2.8B	2.7B	2.8B
Total Current Assets	14.4M	13.6M	127.2M	79.8M	347.1M	364.4M
Common Stock	911K	1.0M	2.2M	2.2M	2.2M	2.4M
Common Stock Shares Outstanding	90.4M	94.7M	109.8M	223.1M	224.4M	235.6M
Non Current Liabilities Total	1.0B	982.5M	1.8B	2.6B	1.7B	971.7M
Short Long Term Debt Total	1.5B	1.5B	2.7B	4.6B	2.4B	1.5B
Other Liab	3.7M	6.9M	17.1M	9.6M	11.0M	11.6M
Net Tangible Assets	612.9M	707.3M	3.4B	3.6B	4.1B	4.3B
Noncontrolling Interest In Consolidated Entity	6.5M	4.7M	161.3M	141.2M	162.4M	170.5M
Accounts Payable	25.4M	25.4M	106.3M	109.7M	109.1M	114.5M
Non Current Assets Total	1.6B	1.7B	6.4B	6.5B	66K	62.7K
Non Currrent Assets Other	1.6B	1.7B	6.3B	6.4B	(89.0M)	(84.6M)
Other Assets	7.6M	1.7B	253.8M	6.5B	5.9B	6.2B
Long Term Debt	993.3M	975.5M	2.1B	2.6B	1.7B	1.1B
Retained Earnings Total Equity	(141.5M)	(178.8M)	(188.4M)	(191.7M)	(172.6M)	(163.9M)
Long Term Debt Total	993.3M	975.5M	11.9M	2.6B	3.0B	3.2B
Capital Surpluse	766.0M	919.6M	3.7B	3.8B	4.3B	4.5B
Other Current Assets	(14.4M)	(13.6M)	91.3M	63.7M	324.2M	340.4M
Long Term Investments	953K	0.0	25.0M	80.2M	89.0M	57.9M
Accumulated Other Comprehensive Income	(12.1M)	(33.8M)	(11.9M)	35.1M	25.5M	21.6M
Non Current Liabilities Other	6.9M	6.9M	17.1M	13.0M	9.7M	6.0M
Intangible Assets	410K	792K	53.3M	1.1M	66K	62.7K
Property Plant Equipment	1.6B	1.7B	6.2B	6.3B	7.2B	7.6B

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