Independence Non Operating Income Net Other vs Minority Interest Analysis

IRT Stock

USD 21.13 0.13 0.62%

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 Non Operating Income Net Other and its Minority Interest 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.

Non Operating Income Net Other vs Minority Interest

Non Operating Income Net Other vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independence Realty Trust Non Operating Income Net Other account and Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Independence Realty's Non Operating Income Net Other and Minority Interest is -0.63. Overlapping area represents the amount of variation of Non Operating Income Net Other that can explain the historical movement of Minority Interest 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 Non Operating Income Net Other and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Operating Income Net Other of Independence Realty Trust are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Non Operating Income Net Other i.e., Independence Realty's Non Operating Income Net Other and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Non Operating Income Net Other

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Independence Realty Trust whose combined shares represent less than 50% of the total outstanding shares issued by Independence Realty have a minority interest in Independence Realty.

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 0.06 in 2025, whereas Enterprise Value Multiple is likely to drop 19.09 in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	372.2M	167.4M	640.0M	672.0M
Total Revenue	628.5M	661.0M	640.0M	672.0M

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		0.04	0.87	1.0	0.86	-0.86	0.56	0.56	0.98	0.99	0.99	0.77	0.98	0.93	0.87	0.86	0.93	0.99	1.0	1.0	1.0	0.83	0.89	0.29	-0.85	0.82
Other Current Liab	0.04		0.49	0.04	-0.33	-0.13	0.21	0.21	0.03	0.05	0.02	0.4	0.02	-0.11	-0.27	-0.36	0.18	0.06	0.04	0.02	0.02	-0.2	-0.22	-0.03	0.06	-0.27
Total Current Liabilities	0.87	0.49		0.88	0.53	-0.85	0.52	0.52	0.86	0.88	0.84	0.81	0.85	0.76	0.55	0.51	0.86	0.89	0.86	0.86	0.86	0.67	0.59	0.14	-0.67	0.62
Total Stockholder Equity	1.0	0.04	0.88		0.85	-0.87	0.51	0.51	0.97	1.0	0.98	0.76	0.98	0.93	0.84	0.83	0.92	0.99	1.0	1.0	1.0	0.85	0.85	0.25	-0.82	0.84
Net Debt	0.86	-0.33	0.53	0.85		-0.59	0.52	0.52	0.8	0.83	0.88	0.54	0.83	0.79	0.97	0.99	0.76	0.8	0.87	0.87	0.87	0.71	0.97	0.3	-0.78	0.74
Retained Earnings	-0.86	-0.13	-0.85	-0.87	-0.59		-0.33	-0.33	-0.93	-0.89	-0.85	-0.75	-0.91	-0.94	-0.64	-0.62	-0.78	-0.91	-0.85	-0.86	-0.86	-0.86	-0.64	-0.35	0.82	-0.8
Cash	0.56	0.21	0.52	0.51	0.52	-0.33		1.0	0.51	0.5	0.62	0.5	0.53	0.37	0.61	0.53	0.62	0.48	0.54	0.56	0.56	0.22	0.63	0.29	-0.39	0.28
Cash And Short Term Investments	0.56	0.21	0.52	0.51	0.52	-0.33	1.0		0.51	0.5	0.62	0.5	0.53	0.37	0.61	0.53	0.62	0.48	0.54	0.56	0.56	0.22	0.63	0.29	-0.39	0.28
Common Stock Total Equity	0.98	0.03	0.86	0.97	0.8	-0.93	0.51	0.51		0.98	0.98	0.75	1.0	0.96	0.84	0.82	0.92	0.98	0.97	0.98	0.98	0.84	0.85	0.4	-0.89	0.82
Other Stockholder Equity	0.99	0.05	0.88	1.0	0.83	-0.89	0.5	0.5	0.98		0.98	0.76	0.98	0.94	0.83	0.82	0.92	1.0	0.99	0.99	0.99	0.86	0.85	0.26	-0.84	0.84
Total Liab	0.99	0.02	0.84	0.98	0.88	-0.85	0.62	0.62	0.98	0.98		0.76	0.99	0.92	0.91	0.89	0.93	0.96	0.99	0.99	0.99	0.79	0.92	0.37	-0.88	0.78
Total Current Assets	0.77	0.4	0.81	0.76	0.54	-0.75	0.5	0.5	0.75	0.76	0.76		0.76	0.76	0.59	0.53	0.64	0.76	0.77	0.75	0.75	0.69	0.59	0.32	-0.63	0.65
Common Stock	0.98	0.02	0.85	0.98	0.83	-0.91	0.53	0.53	1.0	0.98	0.99	0.76		0.95	0.87	0.85	0.93	0.97	0.97	0.98	0.98	0.83	0.88	0.41	-0.91	0.81
Common Stock Shares Outstanding	0.93	-0.11	0.76	0.93	0.79	-0.94	0.37	0.37	0.96	0.94	0.92	0.76	0.95		0.81	0.81	0.78	0.94	0.92	0.92	0.92	0.93	0.8	0.38	-0.87	0.91
Non Current Liabilities Total	0.87	-0.27	0.55	0.84	0.97	-0.64	0.61	0.61	0.84	0.83	0.91	0.59	0.87	0.81		0.99	0.8	0.79	0.87	0.87	0.87	0.68	1.0	0.45	-0.85	0.69
Short Long Term Debt Total	0.86	-0.36	0.51	0.83	0.99	-0.62	0.53	0.53	0.82	0.82	0.89	0.53	0.85	0.81	0.99		0.77	0.79	0.86	0.86	0.86	0.7	0.98	0.37	-0.83	0.72
Other Liab	0.93	0.18	0.86	0.92	0.76	-0.78	0.62	0.62	0.92	0.92	0.93	0.64	0.93	0.78	0.8	0.77		0.9	0.92	0.93	0.93	0.63	0.83	0.31	-0.85	0.6
Net Tangible Assets	0.99	0.06	0.89	0.99	0.8	-0.91	0.48	0.48	0.98	1.0	0.96	0.76	0.97	0.94	0.79	0.79	0.9		0.98	0.99	0.98	0.88	0.81	0.24	-0.8	0.87
Accounts Payable	1.0	0.04	0.86	1.0	0.87	-0.85	0.54	0.54	0.97	0.99	0.99	0.77	0.97	0.92	0.87	0.86	0.92	0.98		1.0	1.0	0.84	0.89	0.25	-0.84	0.82
Non Current Assets Total	1.0	0.02	0.86	1.0	0.87	-0.86	0.56	0.56	0.98	0.99	0.99	0.75	0.98	0.92	0.87	0.86	0.93	0.99	1.0		1.0	0.83	0.89	0.29	-0.85	0.82
Non Currrent Assets Other	1.0	0.02	0.86	1.0	0.87	-0.86	0.56	0.56	0.98	0.99	0.99	0.75	0.98	0.92	0.87	0.86	0.93	0.98	1.0	1.0		0.83	0.89	0.29	-0.85	0.82
Other Assets	0.83	-0.2	0.67	0.85	0.71	-0.86	0.22	0.22	0.84	0.86	0.79	0.69	0.83	0.93	0.68	0.7	0.63	0.88	0.84	0.83	0.83		0.66	0.12	-0.68	0.98
Long Term Debt	0.89	-0.22	0.59	0.85	0.97	-0.64	0.63	0.63	0.85	0.85	0.92	0.59	0.88	0.8	1.0	0.98	0.83	0.81	0.89	0.89	0.89	0.66		0.43	-0.86	0.67
Net Receivables	0.29	-0.03	0.14	0.25	0.3	-0.35	0.29	0.29	0.4	0.26	0.37	0.32	0.41	0.38	0.45	0.37	0.31	0.24	0.25	0.29	0.29	0.12	0.43		-0.52	0.14
Retained Earnings Total Equity	-0.85	0.06	-0.67	-0.82	-0.78	0.82	-0.39	-0.39	-0.89	-0.84	-0.88	-0.63	-0.91	-0.87	-0.85	-0.83	-0.85	-0.8	-0.84	-0.85	-0.85	-0.68	-0.86	-0.52		-0.61
Short Term Investments	0.82	-0.27	0.62	0.84	0.74	-0.8	0.28	0.28	0.82	0.84	0.78	0.65	0.81	0.91	0.69	0.72	0.6	0.87	0.82	0.82	0.82	0.98	0.67	0.14	-0.61

Click cells to compare fundamentals

Independence Realty Account Relationship Matchups

Independence Realty fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.7B	6.5B	6.5B	6.3B	6.1B	6.4B
Other Current Liab	(467.6M)	927.1M	(1.9B)	817.4M	46.5M	48.8M
Total Current Liabilities	39.6M	1.0B	149.6M	993.3M	935.8M	982.6M
Total Stockholder Equity	708.1M	3.5B	3.6B	3.4B	3.4B	3.6B
Net Debt	936.9M	2.7B	4.6B	2.4B	2.3B	1.2B
Retained Earnings	(178.8M)	(188.4M)	(191.7M)	(348.4M)	(454.1M)	(431.4M)
Cash	8.8M	36.0M	16.1M	22.9M	21.2M	14.8M
Cash And Short Term Investments	8.8M	36.0M	16.1M	22.9M	21.2M	14.8M
Common Stock Total Equity	911K	1.0M	2.2M	2.2M	2.6M	2.7M
Liabilities And Stockholders Equity	1.7B	6.5B	6.5B	6.3B	6.1B	6.4B
Other Stockholder Equity	1.1B	3.7B	3.8B	3.8B	3.9B	4.1B
Total Liab	1.0B	2.9B	2.8B	2.7B	2.5B	2.6B
Total Current Assets	13.6M	127.2M	79.8M	347.1M	153.6M	161.2M
Common Stock	1.0M	2.2M	2.2M	2.2M	2.3M	2.4M
Common Stock Shares Outstanding	94.7M	109.8M	223.1M	224.4M	225.6M	236.9M
Non Current Liabilities Total	982.5M	1.8B	2.6B	1.7B	1.5B	1.0B
Short Long Term Debt Total	1.5B	2.7B	4.6B	2.4B	2.3B	1.6B
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	106.3M	109.7M	109.1M	94.7M	99.4M
Non Current Assets Total	1.7B	6.4B	6.5B	5.9B	5.9B	6.2B
Non Currrent Assets Other	1.7B	6.3B	6.4B	5.8B	5.8B	6.1B
Other Assets	1.7B	253.8M	6.5B	5.9B	6.0B	6.3B
Long Term Debt	975.5M	2.1B	2.6B	1.7B	1.5B	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	(13.6M)	91.3M	63.7M	324.2M	132.3M	139.0M
Long Term Investments	0.0	25.0M	80.2M	89.0M	92.0M	59.2M
Accumulated Other Comprehensive Income	(33.8M)	(11.9M)	35.1M	25.5M	26.1M	21.5M
Non Current Liabilities Other	6.9M	17.1M	13.0M	9.7M	8.0M	6.2M
Intangible Assets	792K	53.3M	1.1M	66K	3.6M	5.4M
Property Plant Equipment	1.6B	1.7B	6.2B	6.3B	7.2B	7.6B

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Independence Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC