SmartRent Long Term Debt vs Total Stockholder Equity Analysis

SMRT Stock

USD 1.57 0.09 6.08%

SmartRent financial indicator trend analysis is much more than just breaking down SmartRent prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SmartRent is a good investment. Please check the relationship between SmartRent Long Term Debt and its Total Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SmartRent. 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.

For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.

Long Term Debt vs Total Stockholder Equity

Long Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SmartRent Long Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between SmartRent's Long Term Debt and Total Stockholder Equity is -0.34. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of SmartRent, assuming nothing else is changed. The correlation between historical values of SmartRent's Long Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of SmartRent are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Long Term Debt i.e., SmartRent's Long Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that SmartRent has held for over one year. Long-term debt appears on SmartRent balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on SmartRent balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Most indicators from SmartRent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SmartRent 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 World Market Map to better understand how to build diversified portfolios, which includes a position in SmartRent. 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.

For more information on how to buy SmartRent Stock please use our How to Invest in SmartRent guide.At this time, SmartRent's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.31 in 2024, whereas Selling General Administrative is likely to drop slightly above 42.4 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	61.6M	105.6M	92.7M	140.0M
Cost Of Revenue	120.7M	166.5M	187.3M	347.8M

Total Operating Expenses Cost Of Revenue

SmartRent fundamental ratios Correlations

	Common Stock Shares Outstanding	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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Net Tangible Assets	Other Assets
Common Stock Shares Outstanding		0.57	-0.57	-0.49	-0.22	0.98	-0.53	-0.81	-0.81	-0.48	0.88	0.11	0.33	0.88	-0.71	-0.46	-0.46	0.35	0.94	-0.36	-0.64	0.71	-0.71	0.91	0.93	0.94
Total Assets	0.57		0.32	0.35	0.64	0.46	0.37	-0.08	-0.14	0.43	0.33	0.75	0.86	0.33	0.01	0.45	0.46	0.94	0.81	0.54	-0.48	0.93	0.01	0.22	0.42	0.29
Short Long Term Debt Total	-0.57	0.32		0.88	0.9	-0.67	0.99	0.89	0.84	0.98	-0.71	0.65	0.41	-0.71	0.89	0.98	0.98	0.51	-0.26	0.96	0.34	0.07	0.89	-0.83	-0.68	-0.8
Other Current Liab	-0.49	0.35	0.88		0.89	-0.58	0.92	0.79	0.72	0.93	-0.64	0.67	0.44	-0.64	0.69	0.88	0.9	0.48	-0.23	0.9	0.15	0.09	0.69	-0.69	-0.62	-0.68
Total Current Liabilities	-0.22	0.64	0.9	0.89		-0.37	0.93	0.71	0.56	0.95	-0.5	0.9	0.63	-0.5	0.68	0.94	0.95	0.76	0.11	0.98	0.06	0.35	0.68	-0.55	-0.42	-0.52
Total Stockholder Equity	0.98	0.46	-0.67	-0.58	-0.37		-0.64	-0.91	-0.82	-0.6	0.96	-0.09	0.27	0.96	-0.78	-0.58	-0.58	0.23	0.87	-0.49	-0.63	0.67	-0.78	0.93	0.98	0.97
Property Plant And Equipment Net	-0.53	0.37	0.99	0.92	0.93	-0.64		0.87	0.81	0.99	-0.68	0.68	0.44	-0.68	0.86	0.98	0.99	0.53	-0.23	0.97	0.3	0.11	0.86	-0.8	-0.65	-0.77
Net Debt	-0.81	-0.08	0.89	0.79	0.71	-0.91	0.87		0.86	0.84	-0.95	0.47	0.05	-0.95	0.89	0.83	0.83	0.14	-0.59	0.79	0.52	-0.38	0.89	-0.92	-0.93	-0.95
Retained Earnings	-0.81	-0.14	0.84	0.72	0.56	-0.82	0.81	0.86		0.75	-0.74	0.16	0.08	-0.74	0.89	0.75	0.73	0.06	-0.64	0.67	0.59	-0.27	0.89	-0.94	-0.78	-0.91
Accounts Payable	-0.48	0.43	0.98	0.93	0.95	-0.6	0.99	0.84	0.75		-0.66	0.74	0.49	-0.66	0.82	0.99	0.99	0.59	-0.17	0.99	0.24	0.16	0.82	-0.76	-0.61	-0.73
Cash	0.88	0.33	-0.71	-0.64	-0.5	0.96	-0.68	-0.95	-0.74	-0.66		-0.31	0.18	1.0	-0.77	-0.63	-0.65	0.1	0.74	-0.58	-0.55	0.62	-0.77	0.87	0.99	0.93
Non Current Assets Total	0.11	0.75	0.65	0.67	0.9	-0.09	0.68	0.47	0.16	0.74	-0.31		0.63	-0.31	0.39	0.72	0.75	0.81	0.4	0.81	-0.15	0.45	0.39	-0.2	-0.19	-0.2
Non Currrent Assets Other	0.33	0.86	0.41	0.44	0.63	0.27	0.44	0.05	0.08	0.49	0.18	0.63		0.18	0.12	0.53	0.54	0.93	0.56	0.59	-0.38	0.81	0.12	-0.01	0.22	0.07
Cash And Short Term Investments	0.88	0.33	-0.71	-0.64	-0.5	0.96	-0.68	-0.95	-0.74	-0.66	1.0	-0.31	0.18		-0.77	-0.63	-0.65	0.1	0.74	-0.58	-0.55	0.62	-0.77	0.87	0.99	0.93
Common Stock Total Equity	-0.71	0.01	0.89	0.69	0.68	-0.78	0.86	0.89	0.89	0.82	-0.77	0.39	0.12	-0.77		0.81	0.81	0.17	-0.48	0.76	0.73	-0.21	1.0	-0.93	-0.74	-0.89
Non Current Liabilities Total	-0.46	0.45	0.98	0.88	0.94	-0.58	0.98	0.83	0.75	0.99	-0.63	0.72	0.53	-0.63	0.81		1.0	0.63	-0.14	0.99	0.2	0.2	0.81	-0.75	-0.59	-0.71
Inventory	-0.46	0.46	0.98	0.9	0.95	-0.58	0.99	0.83	0.73	0.99	-0.65	0.75	0.54	-0.65	0.81	1.0		0.64	-0.13	0.99	0.2	0.19	0.81	-0.74	-0.6	-0.71
Other Current Assets	0.35	0.94	0.51	0.48	0.76	0.23	0.53	0.14	0.06	0.59	0.1	0.81	0.93	0.1	0.17	0.63	0.64		0.63	0.7	-0.42	0.82	0.17	-0.01	0.17	0.05
Other Stockholder Equity	0.94	0.81	-0.26	-0.23	0.11	0.87	-0.23	-0.59	-0.64	-0.17	0.74	0.4	0.56	0.74	-0.48	-0.14	-0.13	0.63		-0.03	-0.62	0.87	-0.48	0.72	0.82	0.78
Total Liab	-0.36	0.54	0.96	0.9	0.98	-0.49	0.97	0.79	0.67	0.99	-0.58	0.81	0.59	-0.58	0.76	0.99	0.99	0.7	-0.03		0.14	0.27	0.76	-0.67	-0.52	-0.63
Property Plant And Equipment Gross	-0.64	-0.48	0.34	0.15	0.06	-0.63	0.3	0.52	0.59	0.24	-0.55	-0.15	-0.38	-0.55	0.73	0.2	0.2	-0.42	-0.62	0.14		-0.56	0.73	-0.68	-0.55	-0.65
Total Current Assets	0.71	0.93	0.07	0.09	0.35	0.67	0.11	-0.38	-0.27	0.16	0.62	0.45	0.81	0.62	-0.21	0.2	0.19	0.82	0.87	0.27	-0.56		-0.21	0.41	0.67	0.51
Common Stock	-0.71	0.01	0.89	0.69	0.68	-0.78	0.86	0.89	0.89	0.82	-0.77	0.39	0.12	-0.77	1.0	0.81	0.81	0.17	-0.48	0.76	0.73	-0.21		-0.93	-0.74	-0.89
Other Liab	0.91	0.22	-0.83	-0.69	-0.55	0.93	-0.8	-0.92	-0.94	-0.76	0.87	-0.2	-0.01	0.87	-0.93	-0.75	-0.74	-0.01	0.72	-0.67	-0.68	0.41	-0.93		0.89	0.99
Net Tangible Assets	0.93	0.42	-0.68	-0.62	-0.42	0.98	-0.65	-0.93	-0.78	-0.61	0.99	-0.19	0.22	0.99	-0.74	-0.59	-0.6	0.17	0.82	-0.52	-0.55	0.67	-0.74	0.89		0.95
Other Assets	0.94	0.29	-0.8	-0.68	-0.52	0.97	-0.77	-0.95	-0.91	-0.73	0.93	-0.2	0.07	0.93	-0.89	-0.71	-0.71	0.05	0.78	-0.63	-0.65	0.51	-0.89	0.99	0.95

Click cells to compare fundamentals

SmartRent Account Relationship Matchups

SmartRent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	921K	10.4M	193.9M	195.6M	200.7M	101.9M
Total Assets	47.5M	103.8M	579.7M	560.8M	509.8M	427.8M
Short Long Term Debt Total	153.3M	17.3M	4.8M	1.3M	1.2M	1.1M
Other Current Liab	12.0M	46.5M	22.2M	34.4M	25.0M	30.9M
Total Current Liabilities	21.3M	32.8M	70.6M	132.8M	117.3M	86.1M
Total Stockholder Equity	1.8M	33.2M	449.5M	364.2M	342.4M	201.5M
Property Plant And Equipment Net	2.1M	1.8M	1.9M	2.1M	4.0M	3.8M
Net Debt	(4.2M)	(33.8M)	(430.8M)	(210.4M)	(213.9M)	(203.2M)
Retained Earnings	(45.5M)	(82.6M)	(154.6M)	(250.9M)	(285.5M)	(271.2M)
Accounts Payable	1.7M	2.3M	6.1M	18.4M	15.1M	28.9M
Cash	21.4M	38.6M	430.8M	210.4M	215.2M	147.1M
Non Current Assets Total	7.3M	16.2M	43.7M	182.5M	169.4M	116.1M
Non Currrent Assets Other	5.1M	10.3M	29.1M	32.0M	13.1M	21.8M
Cash And Short Term Investments	21.4M	38.6M	430.8M	210.4M	215.2M	147.1M
Common Stock Total Equity	484K	863.0	19K	20K	18K	17.1K
Liabilities And Stockholders Equity	47.5M	103.8M	579.7M	560.8M	509.8M	427.8M
Non Current Liabilities Total	24.4M	37.8M	59.6M	63.9M	50.0M	78.4M
Inventory	6.3M	17.6M	33.2M	75.7M	41.6M	80.1M
Other Current Assets	5.6M	10.6M	26.5M	29.8M	21.6M	23.4M
Other Stockholder Equity	1.1M	4.2M	604.1M	615.3M	628.2M	385.3M
Total Liab	45.7M	70.7M	130.2M	196.6M	167.3M	164.5M
Property Plant And Equipment Gross	458.2M	2.1M	5.6M	7.7M	6.4M	6.1M
Total Current Assets	40.2M	87.7M	536.0M	378.4M	340.3M	311.6M
Accumulated Other Comprehensive Income	(275.9M)	235K	9K	(176K)	(216K)	(226.8K)
Common Stock	484K	863.0	19K	20K	18K	17.1K

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 SmartRent Stock Analysis

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