McGrath Net Receivables vs Retained Earnings Analysis

MGRC Stock

USD 121.85 0.63 0.52%

McGrath RentCorp financial indicator trend analysis is infinitely more than just investigating McGrath RentCorp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McGrath RentCorp is a good investment. Please check the relationship between McGrath RentCorp Net Receivables and its Retained Earnings accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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 information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McGrath RentCorp Net Receivables account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between McGrath RentCorp's Net Receivables and Retained Earnings is 0.97. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of McGrath RentCorp, assuming nothing else is changed. The correlation between historical values of McGrath RentCorp's Net Receivables and Retained Earnings 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 McGrath RentCorp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Receivables i.e., McGrath RentCorp's Net Receivables and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from McGrath RentCorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McGrath RentCorp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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 information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.At present, McGrath RentCorp's Enterprise Value Over EBITDA is projected to slightly grow based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 12.94, whereas Tax Provision is forecasted to decline to about 21.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	281.0M	336.9M	393.6M	413.3M
Total Revenue	616.8M	733.8M	831.8M	873.4M

Gross Profit Total Revenue

McGrath RentCorp fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Property Plant And Equipment Gross	Total Current Assets	Other Current Liab	Short Term Debt	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.96	0.96	1.0	0.17	-0.81	0.94	-0.31	0.98	0.91	0.36	0.98	0.93	0.97	0.09	0.09	0.99	0.97	0.98	-0.5	-0.48	0.63	0.57	0.75	0.8	0.9
Total Stockholder Equity	0.96		1.0	0.96	0.1	-0.78	0.83	-0.37	0.88	0.78	0.4	0.96	0.82	0.98	0.16	0.16	0.97	0.95	0.94	-0.41	-0.58	0.62	0.57	0.76	0.85	0.79
Retained Earnings	0.96	1.0		0.95	0.11	-0.76	0.82	-0.41	0.87	0.77	0.39	0.93	0.82	0.98	0.12	0.12	0.97	0.95	0.94	-0.43	-0.62	0.57	0.51	0.76	0.85	0.8
Non Current Assets Total	1.0	0.96	0.95		0.18	-0.81	0.94	-0.29	0.98	0.91	0.36	0.98	0.93	0.97	0.09	0.09	0.99	0.97	0.97	-0.5	-0.48	0.63	0.57	0.76	0.81	0.9
Non Currrent Assets Other	0.17	0.1	0.11	0.18		-0.15	0.32	-0.13	0.22	0.33	-0.38	0.13	0.32	0.0	0.06	0.06	0.1	0.04	0.11	-0.56	-0.04	-0.05	-0.11	0.08	0.08	0.34
Common Stock Shares Outstanding	-0.81	-0.78	-0.76	-0.81	-0.15		-0.71	-0.1	-0.79	-0.71	-0.49	-0.85	-0.7	-0.77	-0.31	-0.31	-0.77	-0.72	-0.74	0.21	0.21	-0.53	-0.52	-0.69	-0.7	-0.65
Non Current Liabilities Total	0.94	0.83	0.82	0.94	0.32	-0.71		-0.26	0.97	0.98	0.08	0.9	0.97	0.84	-0.03	-0.03	0.9	0.88	0.91	-0.7	-0.34	0.54	0.46	0.69	0.69	0.96
Other Stockholder Equity	-0.31	-0.37	-0.41	-0.29	-0.13	-0.1	-0.26		-0.23	-0.17	0.07	-0.2	-0.3	-0.35	0.36	0.36	-0.37	-0.39	-0.41	0.39	0.8	0.14	0.21	-0.11	-0.21	-0.35
Total Liab	0.98	0.88	0.87	0.98	0.22	-0.79	0.97	-0.23		0.96	0.31	0.95	0.97	0.9	0.02	0.02	0.95	0.93	0.95	-0.54	-0.38	0.61	0.53	0.71	0.72	0.94
Short Long Term Debt Total	0.91	0.78	0.77	0.91	0.33	-0.71	0.98	-0.17	0.96		0.13	0.86	0.98	0.79	-0.02	-0.02	0.88	0.85	0.88	-0.67	-0.24	0.49	0.41	0.64	0.64	0.97
Total Current Liabilities	0.36	0.4	0.39	0.36	-0.38	-0.49	0.08	0.07	0.31	0.13		0.41	0.18	0.45	0.2	0.2	0.4	0.39	0.36	0.58	-0.24	0.38	0.41	0.24	0.28	0.13
Property Plant And Equipment Net	0.98	0.96	0.93	0.98	0.13	-0.85	0.9	-0.2	0.95	0.86	0.41		0.86	0.95	0.2	0.2	0.96	0.93	0.95	-0.4	-0.4	0.74	0.69	0.77	0.8	0.82
Net Debt	0.93	0.82	0.82	0.93	0.32	-0.7	0.97	-0.3	0.97	0.98	0.18	0.86		0.83	-0.08	-0.08	0.92	0.89	0.91	-0.67	-0.4	0.42	0.33	0.64	0.66	1.0
Accounts Payable	0.97	0.98	0.98	0.97	0.0	-0.77	0.84	-0.35	0.9	0.79	0.45	0.95	0.83		0.09	0.09	0.98	0.97	0.95	-0.37	-0.55	0.62	0.57	0.81	0.87	0.8
Cash	0.09	0.16	0.12	0.09	0.06	-0.31	-0.03	0.36	0.02	-0.02	0.2	0.2	-0.08	0.09		1.0	0.03	-0.01	0.04	0.24	0.19	0.43	0.48	0.0	0.06	-0.14
Cash And Short Term Investments	0.09	0.16	0.12	0.09	0.06	-0.31	-0.03	0.36	0.02	-0.02	0.2	0.2	-0.08	0.09	1.0		0.03	-0.01	0.04	0.24	0.19	0.43	0.48	0.0	0.06	-0.14
Net Receivables	0.99	0.97	0.97	0.99	0.1	-0.77	0.9	-0.37	0.95	0.88	0.4	0.96	0.92	0.98	0.03	0.03		0.98	0.98	-0.48	-0.55	0.57	0.5	0.75	0.81	0.9
Property Plant And Equipment Gross	0.97	0.95	0.95	0.97	0.04	-0.72	0.88	-0.39	0.93	0.85	0.39	0.93	0.89	0.97	-0.01	-0.01	0.98		0.96	-0.44	-0.58	0.55	0.48	0.75	0.81	0.88
Total Current Assets	0.98	0.94	0.94	0.97	0.11	-0.74	0.91	-0.41	0.95	0.88	0.36	0.95	0.91	0.95	0.04	0.04	0.98	0.96		-0.48	-0.51	0.59	0.53	0.66	0.73	0.88
Other Current Liab	-0.5	-0.41	-0.43	-0.5	-0.56	0.21	-0.7	0.39	-0.54	-0.67	0.58	-0.4	-0.67	-0.37	0.24	0.24	-0.48	-0.44	-0.48		0.26	-0.01	0.1	-0.37	-0.39	-0.71
Short Term Debt	-0.48	-0.58	-0.62	-0.48	-0.04	0.21	-0.34	0.8	-0.38	-0.24	-0.24	-0.4	-0.4	-0.55	0.19	0.19	-0.55	-0.58	-0.51	0.26		0.0	0.05	-0.36	-0.46	-0.43
Common Stock Total Equity	0.63	0.62	0.57	0.63	-0.05	-0.53	0.54	0.14	0.61	0.49	0.38	0.74	0.42	0.62	0.43	0.43	0.57	0.55	0.59	-0.01	0.0		0.99	0.48	0.49	0.35
Common Stock	0.57	0.57	0.51	0.57	-0.11	-0.52	0.46	0.21	0.53	0.41	0.41	0.69	0.33	0.57	0.48	0.48	0.5	0.48	0.53	0.1	0.05	0.99		0.44	0.44	0.25
Other Liab	0.75	0.76	0.76	0.76	0.08	-0.69	0.69	-0.11	0.71	0.64	0.24	0.77	0.64	0.81	0.0	0.0	0.75	0.75	0.66	-0.37	-0.36	0.48	0.44		0.98	0.63
Other Assets	0.8	0.85	0.85	0.81	0.08	-0.7	0.69	-0.21	0.72	0.64	0.28	0.8	0.66	0.87	0.06	0.06	0.81	0.81	0.73	-0.39	-0.46	0.49	0.44	0.98		0.66
Long Term Debt	0.9	0.79	0.8	0.9	0.34	-0.65	0.96	-0.35	0.94	0.97	0.13	0.82	1.0	0.8	-0.14	-0.14	0.9	0.88	0.88	-0.71	-0.43	0.35	0.25	0.63	0.66

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McGrath RentCorp Account Relationship Matchups

McGrath RentCorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.3B	1.6B	1.7B	2.2B	2.3B
Total Stockholder Equity	634.0M	682.6M	732.0M	803.9M	933.8M	980.5M
Retained Earnings	527.7M	576.4M	623.5M	693.9M	822.8M	863.9M
Non Current Assets Total	1.2B	1.2B	1.4B	1.5B	2.0B	2.1B
Non Currrent Assets Other	45.4M	41.5M	54.9M	(175.5M)	102.8M	107.9M
Common Stock Shares Outstanding	24.6M	24.5M	24.5M	24.5M	24.5M	22.0M
Liabilities And Stockholders Equity	1.3B	1.3B	1.6B	1.7B	2.2B	2.3B
Non Current Liabilities Total	511.7M	438.8M	668.9M	660.7M	1.2B	1.2B
Other Stockholder Equity	106.4M	106.3M	108.6M	110.1M	(1.0)	(0.95)
Total Liab	675.8M	593.1M	863.9M	903.9M	1.3B	1.3B
Short Long Term Debt Total	303.4M	231.0M	437.4M	425.3M	763.0M	801.1M
Total Current Liabilities	164.1M	154.3M	195.0M	243.2M	111.4M	130.9M
Property Plant And Equipment Net	1.1B	1.1B	1.2B	1.3B	1.5B	1.6B
Net Debt	291.1M	221.5M	425.0M	412.8M	762.1M	800.2M
Accounts Payable	99.2M	100.0M	125.3M	149.2M	152.8M	160.4M
Cash	2.3M	1.2M	1.5M	957K	877K	1.1M
Cash And Short Term Investments	2.3M	1.2M	1.5M	957K	877K	1.1M
Net Receivables	128.1M	123.3M	159.5M	190.0M	227.4M	238.7M
Property Plant And Equipment Gross	1.1B	1.1B	1.8B	2.0B	2.2B	2.3B
Total Current Assets	130.4M	124.6M	161.0M	191.0M	228.2M	239.7M
Accumulated Other Comprehensive Income	(70K)	(104K)	(54K)	(78K)	(116K)	(121.8K)
Other Current Liab	109.2M	108.3M	136.3M	160.8M	(152.8M)	(145.1M)
Short Term Debt	9.9M	8.3M	11.0M	11.6M	6.9M	6.5M
Common Stock Total Equity	106.4M	106.3M	108.6M	110.1M	126.6M	76.6M
Common Stock	106.4M	106.3M	108.6M	110.1M	111.1M	73.5M
Other Liab	273.2M	262.1M	301.1M	329.3M	378.7M	397.7M
Other Assets	967.5M	979.7M	1.1B	1.2B	1.4B	1.4B
Long Term Debt	293.4M	222.8M	426.5M	413.7M	763.0M	801.1M
Property Plant Equipment	131.0M	136.2M	1.1B	1.1B	1.3B	1.4B
Current Deferred Revenue	55.0M	46.0M	58.7M	82.4M	111.4M	117.0M
Intangible Assets	7.3M	7.1M	47.0M	41.1M	64.6M	67.8M
Net Tangible Assets	598.5M	647.3M	552.6M	630.5M	725.1M	506.2M
Retained Earnings Total Equity	527.7M	576.4M	623.5M	693.9M	798.0M	436.1M
Long Term Debt Total	293.4M	222.8M	426.5M	413.7M	475.8M	355.4M
Inventory	(22.5M)	(31.8M)	2.0	(59.8M)	(53.8M)	(51.2M)
Deferred Long Term Liab	273.2M	262.1M	301.1M	329.3M	378.7M	278.0M
Other Current Assets	35.5M	33.2M	43.9M	59.8M	68.8M	36.2M
Net Invested Capital	927.5M	905.4M	1.2B	1.2B	1.7B	1.2B

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When determining whether McGrath RentCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of McGrath RentCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mcgrath Rentcorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mcgrath Rentcorp Stock:

How To Invest In McGrath

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Is McGrath Stock a good investment?

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What is McGrath RentCorp's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McGrath RentCorp. 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 information on how to trade McGrath Stock refer to our How to Trade McGrath Stock guide.

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of McGrath RentCorp. If investors know McGrath will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about McGrath RentCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.688

Dividend Share

1.89

Earnings Share

9.15

Revenue Per Share

36.237

Quarterly Revenue Growth

0.095

The market value of McGrath RentCorp is measured differently than its book value, which is the value of McGrath that is recorded on the company's balance sheet. Investors also form their own opinion of McGrath RentCorp's value that differs from its market value or its book value, called intrinsic value, which is McGrath RentCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because McGrath RentCorp's market value can be influenced by many factors that don't directly affect McGrath RentCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between McGrath RentCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if McGrath RentCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McGrath RentCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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McGrath Net Receivables vs Retained Earnings Analysis

Net Receivables vs Retained Earnings

Net Receivables vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Receivables

Retained Earnings

McGrath RentCorp fundamental ratios Correlations

McGrath RentCorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

McGrath RentCorp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Long Term Debt	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Total Assets
Net Receivables	+ 0.99	Non Current Assets Total

Property Plant And Equipment Net	- 0.85	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.81	Non Current Assets Total
Common Stock Shares Outstanding	- 0.81	Total Assets
Total Liab	- 0.79	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.78	Total Stockholder Equity
Net Receivables	- 0.77	Common Stock Shares Outstanding