United Tax Provision vs Income Before Tax Analysis

URI Stock

USD 690.80 0.12 0.02%

United Rentals financial indicator trend analysis is much more than just breaking down United Rentals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether United Rentals is a good investment. Please check the relationship between United Rentals Tax Provision and its Income Before Tax accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Rentals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in United Stock please use our How to Invest in United Rentals guide.

Tax Provision vs Income Before Tax

Tax Provision vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of United Rentals Tax Provision account and Income Before Tax. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between United Rentals' Tax Provision and Income Before Tax is 0.46. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of United Rentals, assuming nothing else is changed. The correlation between historical values of United Rentals' Tax Provision and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of United Rentals are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Tax Provision i.e., United Rentals' Tax Provision and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on United Rentals income statement and is an important metric when analyzing United Rentals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from United Rentals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into United Rentals 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 United Rentals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in United Stock please use our How to Invest in United Rentals guide.As of now, United Rentals' Selling General Administrative is increasing as compared to previous years. The United Rentals' current Sales General And Administrative To Revenue is estimated to increase to 0.17, while Tax Provision is projected to decrease to under 411.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	424M	445M	635M	505.2M
Depreciation And Amortization	2.0B	2.2B	2.8B	2.9B

Interest Expense Depreciation And Amortization

United Rentals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Non Currrent Assets Other	Common Stock Total Equity	Common Stock	Other Liab	Other Assets
Total Assets		0.78	0.96	0.95	0.99	0.77	0.93	0.91	0.49	1.0	0.49	0.99	-0.45	0.79	0.8	0.22	-0.84	0.98	0.92	0.98	-0.06	0.03	0.65	0.65	0.88	0.23
Short Long Term Debt Total	0.78		0.64	0.6	0.72	1.0	0.58	0.61	0.23	0.78	0.23	0.72	-0.13	0.99	0.7	0.3	-0.51	0.84	0.53	0.7	0.09	-0.06	0.65	0.66	0.63	0.49
Total Current Liabilities	0.96	0.64		0.95	0.97	0.64	0.93	0.88	0.54	0.95	0.54	0.97	-0.49	0.64	0.71	0.07	-0.85	0.92	0.97	0.96	-0.11	0.11	0.71	0.7	0.84	0.13
Total Stockholder Equity	0.95	0.6	0.95		0.97	0.6	0.99	0.95	0.49	0.95	0.49	0.96	-0.61	0.62	0.84	0.23	-0.91	0.88	0.95	0.96	-0.19	0.08	0.52	0.51	0.87	0.11
Property Plant And Equipment Net	0.99	0.72	0.97	0.97		0.72	0.96	0.93	0.49	0.99	0.49	1.0	-0.52	0.74	0.82	0.23	-0.89	0.96	0.94	0.98	-0.15	0.04	0.64	0.63	0.91	0.18
Net Debt	0.77	1.0	0.64	0.6	0.72		0.58	0.61	0.2	0.78	0.2	0.72	-0.13	0.99	0.7	0.31	-0.51	0.84	0.52	0.7	0.09	-0.05	0.64	0.65	0.62	0.49
Retained Earnings	0.93	0.58	0.93	0.99	0.96	0.58		0.92	0.47	0.93	0.47	0.95	-0.7	0.6	0.83	0.25	-0.97	0.85	0.94	0.94	-0.28	0.03	0.49	0.48	0.91	0.14
Accounts Payable	0.91	0.61	0.88	0.95	0.93	0.61	0.92		0.33	0.91	0.33	0.93	-0.55	0.65	0.89	0.34	-0.84	0.84	0.86	0.93	-0.27	0.15	0.5	0.5	0.8	0.03
Cash	0.49	0.23	0.54	0.49	0.49	0.2	0.47	0.33		0.48	1.0	0.49	-0.08	0.24	0.15	-0.21	-0.39	0.47	0.6	0.57	0.01	-0.46	0.54	0.53	0.54	-0.05
Non Current Assets Total	1.0	0.78	0.95	0.95	0.99	0.78	0.93	0.91	0.48		0.48	0.99	-0.44	0.8	0.8	0.22	-0.84	0.98	0.91	0.98	-0.05	0.03	0.65	0.64	0.89	0.24
Cash And Short Term Investments	0.49	0.23	0.54	0.49	0.49	0.2	0.47	0.33	1.0	0.48		0.49	-0.08	0.24	0.15	-0.21	-0.39	0.47	0.6	0.57	0.01	-0.46	0.54	0.53	0.54	-0.05
Net Receivables	0.99	0.72	0.97	0.96	1.0	0.72	0.95	0.93	0.49	0.99	0.49		-0.52	0.73	0.8	0.18	-0.88	0.96	0.95	0.98	-0.13	0.02	0.64	0.64	0.9	0.19
Common Stock Shares Outstanding	-0.45	-0.13	-0.49	-0.61	-0.52	-0.13	-0.7	-0.55	-0.08	-0.44	-0.08	-0.52		-0.13	-0.57	-0.34	0.82	-0.32	-0.54	-0.45	0.64	0.07	-0.03	-0.03	-0.62	-0.21
Non Current Liabilities Total	0.79	0.99	0.64	0.62	0.74	0.99	0.6	0.65	0.24	0.8	0.24	0.73	-0.13		0.74	0.35	-0.53	0.85	0.53	0.72	0.05	-0.06	0.64	0.65	0.65	0.44
Inventory	0.8	0.7	0.71	0.84	0.82	0.7	0.83	0.89	0.15	0.8	0.15	0.8	-0.57	0.74		0.47	-0.8	0.73	0.69	0.79	-0.29	0.16	0.37	0.37	0.73	0.11
Other Current Assets	0.22	0.3	0.07	0.23	0.23	0.31	0.25	0.34	-0.21	0.22	-0.21	0.18	-0.34	0.35	0.47		-0.29	0.21	0.02	0.24	-0.5	0.15	0.06	0.07	0.18	0.15
Other Stockholder Equity	-0.84	-0.51	-0.85	-0.91	-0.89	-0.51	-0.97	-0.84	-0.39	-0.84	-0.39	-0.88	0.82	-0.53	-0.8	-0.29		-0.76	-0.88	-0.84	0.42	0.02	-0.42	-0.41	-0.91	-0.18
Total Liab	0.98	0.84	0.92	0.88	0.96	0.84	0.85	0.84	0.47	0.98	0.47	0.96	-0.32	0.85	0.73	0.21	-0.76		0.85	0.95	0.02	0.01	0.71	0.71	0.85	0.29
Property Plant And Equipment Gross	0.92	0.53	0.97	0.95	0.94	0.52	0.94	0.86	0.6	0.91	0.6	0.95	-0.54	0.53	0.69	0.02	-0.88	0.85		0.94	-0.14	0.08	0.63	0.62	0.86	-0.02
Total Current Assets	0.98	0.7	0.96	0.96	0.98	0.7	0.94	0.93	0.57	0.98	0.57	0.98	-0.45	0.72	0.79	0.24	-0.84	0.95	0.94		-0.12	0.05	0.68	0.68	0.86	0.11
Intangible Assets	-0.06	0.09	-0.11	-0.19	-0.15	0.09	-0.28	-0.27	0.01	-0.05	0.01	-0.13	0.64	0.05	-0.29	-0.5	0.42	0.02	-0.14	-0.12		0.03	-0.15	-0.16	-0.25	0.03
Non Currrent Assets Other	0.03	-0.06	0.11	0.08	0.04	-0.05	0.03	0.15	-0.46	0.03	-0.46	0.02	0.07	-0.06	0.16	0.15	0.02	0.01	0.08	0.05	0.03		0.08	0.07	-0.21	-0.42
Common Stock Total Equity	0.65	0.65	0.71	0.52	0.64	0.64	0.49	0.5	0.54	0.65	0.54	0.64	-0.03	0.64	0.37	0.06	-0.42	0.71	0.63	0.68	-0.15	0.08		1.0	0.51	0.06
Common Stock	0.65	0.66	0.7	0.51	0.63	0.65	0.48	0.5	0.53	0.64	0.53	0.64	-0.03	0.65	0.37	0.07	-0.41	0.71	0.62	0.68	-0.16	0.07	1.0		0.5	0.06
Other Liab	0.88	0.63	0.84	0.87	0.91	0.62	0.91	0.8	0.54	0.89	0.54	0.9	-0.62	0.65	0.73	0.18	-0.91	0.85	0.86	0.86	-0.25	-0.21	0.51	0.5		0.26
Other Assets	0.23	0.49	0.13	0.11	0.18	0.49	0.14	0.03	-0.05	0.24	-0.05	0.19	-0.21	0.44	0.11	0.15	-0.18	0.29	-0.02	0.11	0.03	-0.42	0.06	0.06	0.26

Click cells to compare fundamentals

United Rentals Account Relationship Matchups

United Rentals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	19.0B	17.9B	20.3B	24.2B	25.6B	26.9B
Short Long Term Debt Total	12.0B	10.2B	10.3B	12.0B	12.7B	6.6B
Total Current Liabilities	2.2B	1.9B	2.6B	2.4B	3.6B	3.8B
Total Stockholder Equity	3.8B	4.5B	6.0B	7.1B	8.1B	8.5B
Property Plant And Equipment Net	11.1B	10.0B	12.0B	14.9B	16.0B	16.8B
Net Debt	11.9B	10.0B	10.2B	11.9B	12.3B	6.4B
Retained Earnings	5.3B	6.2B	7.6B	9.7B	11.7B	12.3B
Accounts Payable	454M	466M	816M	1.1B	905M	950.3M
Cash	43M	52M	202M	144M	363M	381.2M
Non Current Assets Total	17.1B	15.9B	18.1B	21.5B	22.7B	23.8B
Cash And Short Term Investments	43M	52M	202M	144M	363M	381.2M
Net Receivables	1.5B	1.3B	1.7B	2.0B	2.2B	2.3B
Common Stock Shares Outstanding	77.7M	72.9M	72.8M	71.0M	68.7M	68.2M
Liabilities And Stockholders Equity	19.0B	17.9B	20.3B	24.2B	25.6B	26.9B
Non Current Liabilities Total	12.9B	11.4B	11.7B	14.7B	13.8B	7.5B
Inventory	120M	125M	164M	232M	205M	112.3M
Other Current Assets	140M	375M	166M	381M	62M	58.9M
Other Stockholder Equity	(1.3B)	(1.5B)	(1.4B)	(2.3B)	(3.3B)	(3.1B)
Total Liab	15.1B	13.3B	14.3B	17.1B	17.5B	18.3B
Property Plant And Equipment Gross	11.1B	10.0B	12.0B	14.9B	24.8B	26.0B
Total Current Assets	1.8B	2.0B	2.2B	2.7B	2.9B	3.1B
Accumulated Other Comprehensive Income	(186M)	(146M)	(171M)	(264M)	(228M)	(216.6M)
Intangible Assets	895M	648M	615M	452M	670M	806.4M
Non Currrent Assets Other	19M	38M	42M	47M	43M	40.9M
Other Liab	2.0B	1.9B	2.3B	2.8B	3.2B	3.4B
Other Assets	9.8B	8.7B	10.6B	47M	54.1M	51.3M
Long Term Debt	10.4B	9.0B	8.8B	11.1B	10.1B	6.4B
Good Will	5.2B	5.2B	5.5B	6.0B	5.9B	3.0B
Property Plant Equipment	604M	1.3B	1.4B	14.9B	17.2B	18.0B
Other Current Liab	692M	669M	798M	1.0B	880M	924M
Current Deferred Revenue	55M	51M	83M	131M	138M	144.9M
Short Term Debt	997M	704M	906M	161M	1.7B	1.8B
Retained Earnings Total Equity	5.3B	6.2B	7.6B	9.7B	11.1B	11.7B
Deferred Long Term Liab	1.9B	1.8B	2.2B	2.7B	3.1B	1.7B
Treasury Stock	(2.1B)	(2.9B)	(3.7B)	(4.0B)	(3.6B)	(3.4B)
Net Tangible Assets	(2.2B)	4.5B	6.0B	7.1B	8.1B	8.5B
Long Term Debt Total	10.4B	9.0B	8.8B	11.2B	12.9B	9.9B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

GM	General Motors
S	SentinelOne
MSFT	Microsoft

When determining whether United Rentals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United Rentals' 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 United Rentals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Rentals Stock:

How To Invest In United

Details

Is United Stock a good investment?

Details

What is United Rentals' Net Worth?

Details

Largest Trading Companies & Distributors Companies

View

Largest Rental & Leasing Services Companies

View

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Rentals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in United Stock please use our How to Invest in United Rentals guide.

You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for United Stock analysis

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

	Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
	Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Commodity Directory Find actively traded commodities issued by global exchanges
	Volatility Analysis Get historical volatility and risk analysis based on latest market data
	Equity Valuation Check real value of public entities based on technical and fundamental data
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.

Is United Rentals' industry 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 United Rentals. If investors know United 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 United Rentals 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

0.243

Dividend Share

6.07

Earnings Share

36.82

Revenue Per Share

213.958

Quarterly Revenue Growth

0.061

The market value of United Rentals is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Rentals' value that differs from its market value or its book value, called intrinsic value, which is United Rentals' 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 United Rentals' market value can be influenced by many factors that don't directly affect United Rentals' 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 United Rentals' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Rentals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Rentals' 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.

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

United Tax Provision vs Income Before Tax Analysis

Tax Provision vs Income Before Tax

Tax Provision vs Income Before Tax Correlation Analysis

Correlation Coefficient

Tax Provision

Income Before Tax

United Rentals fundamental ratios Correlations

United Rentals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

United Rentals fundamental ratios Accounts

Also Currently Popular

Complementary Tools for United Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Net Receivables	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.99	Total Assets

Other Stockholder Equity	- 0.97	Retained Earnings
Other Liab	- 0.91	Other Stockholder Equity
Other Stockholder Equity	- 0.91	Total Stockholder Equity
Other Stockholder Equity	- 0.89	Property Plant And Equipment Net
Property Plant And Equipment Gross	- 0.88	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Net Receivables