RMAX Other Current Assets vs Net Debt Analysis

RMAX Stock  USD 11.61  0.32  2.83%   
Re Max financial indicator trend analysis is much more than just breaking down Re Max Holding prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Re Max Holding is a good investment. Please check the relationship between Re Max Other Current Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Re Max Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Current Assets vs Net Debt

Other Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Re Max Holding Other Current Assets account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Re Max's Other Current Assets and Net Debt is 0.63. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Re Max Holding, assuming nothing else is changed. The correlation between historical values of Re Max's Other Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Re Max Holding are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Assets i.e., Re Max's Other Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Re Max's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Re Max Holding 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Re Max Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Re Max's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.57 in 2024, whereas Selling General Administrative is likely to drop slightly above 136.7 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense11.3M20.9M35.7M37.5M
Depreciation And Amortization293.6M301.8M32.4M30.8M

Re Max fundamental ratios Correlations

-0.45-0.13-0.27-0.22-0.74-0.92-0.09-0.280.030.25-0.62-0.43-0.19-0.68-0.11-0.62-0.24-0.26-0.91-0.14-0.07-0.23-0.41-0.16-0.09
-0.450.860.820.890.810.410.780.890.770.580.710.990.840.510.560.710.920.950.720.870.740.50.780.90.81
-0.130.860.760.90.450.080.70.740.970.860.550.820.720.120.780.550.880.920.380.990.590.640.560.990.77
-0.270.820.760.910.590.150.840.760.70.550.550.780.790.470.520.550.90.80.490.740.460.780.640.810.88
-0.220.890.90.910.580.110.890.810.840.710.630.830.860.390.640.630.960.90.470.870.620.620.640.930.94
-0.740.810.450.590.580.760.50.720.350.030.550.830.530.750.320.550.680.70.940.470.50.320.860.510.5
-0.920.410.080.150.110.76-0.060.21-0.04-0.350.460.420.030.650.090.460.180.260.890.120.00.160.560.12-0.04
-0.090.780.70.840.890.5-0.060.810.640.620.520.750.90.340.370.520.880.750.350.660.740.380.520.740.99
-0.280.890.740.760.810.720.210.810.680.580.530.890.820.380.520.530.90.890.580.720.850.450.730.770.8
0.030.770.970.70.840.35-0.040.640.680.880.350.750.62-0.010.810.350.840.890.250.960.530.630.520.950.72
0.250.580.860.550.710.03-0.350.620.580.880.340.530.61-0.250.690.340.660.68-0.050.840.580.470.210.830.67
-0.620.710.550.550.630.550.460.520.530.350.340.610.670.540.251.00.530.530.620.570.480.310.420.60.53
-0.430.990.820.780.830.830.420.750.890.750.530.610.80.490.530.610.90.950.720.840.740.450.810.860.77
-0.190.840.720.790.860.530.030.90.820.620.610.670.80.450.290.670.840.780.410.70.810.330.480.770.9
-0.680.510.120.470.390.750.650.340.38-0.01-0.250.540.490.450.050.540.410.350.740.130.210.180.570.210.31
-0.110.560.780.520.640.320.090.370.520.810.690.250.530.290.050.250.660.710.310.750.240.690.470.740.43
-0.620.710.550.550.630.550.460.520.530.350.341.00.610.670.540.250.530.530.620.570.480.310.420.60.53
-0.240.920.880.90.960.680.180.880.90.840.660.530.90.840.410.660.530.960.550.840.670.620.750.90.91
-0.260.950.920.80.90.70.260.750.890.890.680.530.950.780.350.710.530.960.580.920.70.570.770.940.8
-0.910.720.380.490.470.940.890.350.580.25-0.050.620.720.410.740.310.620.550.580.390.330.340.70.420.35
-0.140.870.990.740.870.470.120.660.720.960.840.570.840.70.130.750.570.840.920.390.590.610.580.990.73
-0.070.740.590.460.620.50.00.740.850.530.580.480.740.810.210.240.480.670.70.330.59-0.010.490.620.7
-0.230.50.640.780.620.320.160.380.450.630.470.310.450.330.180.690.310.620.570.340.61-0.010.430.630.46
-0.410.780.560.640.640.860.560.520.730.520.210.420.810.480.570.470.420.750.770.70.580.490.430.620.54
-0.160.90.990.810.930.510.120.740.770.950.830.60.860.770.210.740.60.90.940.420.990.620.630.620.81
-0.090.810.770.880.940.5-0.040.990.80.720.670.530.770.90.310.430.530.910.80.350.730.70.460.540.81
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Re Max Account Relationship Matchups

Re Max fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding17.9M18.3M18.7M18.8M18.1M15.4M
Total Assets542.4M557.4M776.1M694.0M577.2M503.6M
Short Long Term Debt Total286.7M279.5M504.3M493.4M484.0M322.0M
Other Current Liab70.6M81.7M85.7M58.3M89.8M94.3M
Total Current Liabilities107.0M117.2M146.2M119.7M149.3M84.6M
Total Stockholder Equity497.9M517.2M508.3M479.9M411.1M386.4M
Other Liab58.0M56.1M67.4M62.2M71.5M74.5M
Property Plant And Equipment Net56.6M46.8M49.2M35.6M31.6M20.8M
Current Deferred Revenue25.7M25.3M27.2M27.8M23.1M22.8M
Net Debt203.7M178.2M378.1M384.7M401.4M230.3M
Accounts Payable3.0M2.1M5.2M6.2M4.7M2.9M
Cash83.0M101.4M126.3M108.7M82.6M91.7M
Non Current Assets Total399.6M391.0M565.4M501M400.6M363.4M
Non Currrent Assets Other9.7M15.4M17.6M10.7M7.1M6.9M
Other Assets64.0M177.3M70.7M62.1M71.4M80.4M
Long Term Debt225.2M223.0M221.1M443.7M440.0M273.9M
Cash And Short Term Investments83.0M101.4M126.3M108.7M82.6M91.7M
Net Receivables29.5M31.2M34.6M32.5M35.1M26.0M
Good Will159.0M175.8M269.1M258.6M241.2M156.2M
Liabilities And Stockholders Equity542.4M557.4M776.1M694.0M577.2M503.6M
Non Current Liabilities Total337.0M327.5M560.8M543.9M503.9M390.9M
Other Current Assets9.6M13.9M17.6M24.5M58.8M61.7M
Other Stockholder Equity436.2M465.8M515.4M535.6M550.6M382.2M
Total Liab444.0M444.7M707.1M663.5M653.2M475.6M
Property Plant And Equipment Gross56.6M46.8M58.6M35.6M44.8M22.7M
Total Current Assets142.8M166.4M210.8M193.0M176.6M140.2M
Accumulated Other Comprehensive Income414K612K650K(395K)638K525.2K
Short Term Debt7.8M8.1M17.3M18.7M20.4M11.9M
Intangible Assets120.0M102.2M176.4M145.9M120.7M121.0M
Property Plant Equipment4.4M5.4M7.9M35.6M41.0M43.0M
Net Tangible Assets218.9M239.2M252.5M76.6M88.1M83.7M
Noncontrolling Interest In Consolidated Entity(402.3M)(399.5M)(404.5M)(416.0M)(374.4M)(393.1M)
Retained Earnings30.5M25.1M(7.8M)(55.3M)(140.2M)(133.2M)
Retained Earnings Total Equity21.1M30.5M25.1M25.6M29.5M21.5M
Long Term Debt Total226.6M225.2M223.0M221.1M254.3M239.6M

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