Root Net Tangible Assets vs Long Term Debt Analysis

ROOT Stock

USD 109.23 0.17 0.16%

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

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Root Inc Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Root's Net Tangible Assets and Long Term Debt is 0.71. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Root Inc, assuming nothing else is changed. The correlation between historical values of Root's Net Tangible Assets and Long Term 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 Net Tangible Assets of Root Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Tangible Assets i.e., Root's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Debt

Long-term debt is a debt that Root Inc has held for over one year. Long-term debt appears on Root Inc 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 Root Inc 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.

Most indicators from Root's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Root Inc 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 Root Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, Root's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 2.71 in 2024, whereas Selling General Administrative is likely to drop slightly above 80.5 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	8.3M	7.1M	12.6M	7.2M
Interest Income	3.5M	8.1M	32.8M	34.4M

Depreciation And Amortization Interest Income

Root fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Long Term Investments
Total Assets		0.84	-0.92	0.77	0.86	0.93	0.89	0.75	-0.93	-0.87	0.97	0.99	0.68	0.27	0.51	0.92	0.98	0.94	-0.06	0.76	0.69	1.0	0.76	0.63	0.93	0.98
Short Long Term Debt Total	0.84		-0.63	0.63	0.59	0.77	0.63	0.5	-0.66	-0.77	0.82	0.84	0.7	0.4	0.61	0.78	0.82	0.8	0.0	0.59	0.8	0.86	0.6	0.91	0.74	0.87
Other Current Liab	-0.92	-0.63		-0.73	-0.76	-0.95	-0.81	-0.83	0.88	0.86	-0.92	-0.89	-0.6	-0.22	-0.47	-0.94	-0.89	-0.93	-0.17	-0.69	-0.6	-0.92	-0.8	-0.45	-0.79	-0.88
Total Current Liabilities	0.77	0.63	-0.73		0.66	0.79	0.72	0.56	-0.66	-0.74	0.67	0.72	0.82	0.56	0.44	0.72	0.67	0.86	0.05	0.33	0.63	0.77	0.7	0.46	0.68	0.78
Total Stockholder Equity	0.86	0.59	-0.76	0.66		0.71	0.99	0.53	-0.95	-0.62	0.81	0.89	0.45	0.07	0.28	0.63	0.88	0.73	-0.45	0.71	0.39	0.82	0.65	0.22	0.98	0.8
Other Liab	0.93	0.77	-0.95	0.79	0.71		0.79	0.71	-0.8	-0.95	0.95	0.89	0.7	0.38	0.65	0.99	0.86	0.99	0.26	0.6	0.76	0.93	0.9	0.61	0.79	0.89
Net Tangible Assets	0.89	0.63	-0.81	0.72	0.99	0.79		0.54	-0.94	-0.71	0.86	0.91	0.52	0.15	0.38	0.71	0.89	0.8	-0.33	0.68	0.48	0.86	0.75	0.27	0.98	0.82
Property Plant And Equipment Net	0.75	0.5	-0.83	0.56	0.53	0.71	0.54		-0.76	-0.52	0.65	0.74	0.36	-0.1	0.02	0.75	0.76	0.7	0.05	0.8	0.26	0.78	0.37	0.46	0.57	0.8
Net Debt	-0.93	-0.66	0.88	-0.66	-0.95	-0.8	-0.94	-0.76		0.67	-0.88	-0.95	-0.44	0.02	-0.24	-0.77	-0.96	-0.8	0.32	-0.87	-0.4	-0.92	-0.64	-0.37	-0.96	-0.9
Retained Earnings	-0.87	-0.77	0.86	-0.74	-0.62	-0.95	-0.71	-0.52	0.67		-0.92	-0.81	-0.82	-0.61	-0.84	-0.94	-0.78	-0.95	-0.37	-0.39	-0.91	-0.86	-0.91	-0.64	-0.71	-0.81
Accounts Payable	0.97	0.82	-0.92	0.67	0.81	0.95	0.86	0.65	-0.88	-0.92		0.95	0.63	0.29	0.65	0.94	0.94	0.94	0.08	0.7	0.74	0.96	0.86	0.6	0.89	0.91
Cash	0.99	0.84	-0.89	0.72	0.89	0.89	0.91	0.74	-0.95	-0.81	0.95		0.63	0.2	0.46	0.87	1.0	0.9	-0.16	0.8	0.64	0.99	0.71	0.61	0.95	0.98
Non Current Assets Total	0.68	0.7	-0.6	0.82	0.45	0.7	0.52	0.36	-0.44	-0.82	0.63	0.63		0.87	0.71	0.67	0.58	0.78	0.24	0.09	0.89	0.69	0.63	0.64	0.53	0.7
Non Currrent Assets Other	0.27	0.4	-0.22	0.56	0.07	0.38	0.15	-0.1	0.02	-0.61	0.29	0.2	0.87		0.76	0.36	0.14	0.46	0.45	-0.39	0.81	0.27	0.47	0.43	0.14	0.27
Other Assets	0.51	0.61	-0.47	0.44	0.28	0.65	0.38	0.02	-0.24	-0.84	0.65	0.46	0.71	0.76		0.65	0.4	0.65	0.53	-0.05	0.93	0.5	0.8	0.55	0.39	0.42
Long Term Debt	0.92	0.78	-0.94	0.72	0.63	0.99	0.71	0.75	-0.77	-0.94	0.94	0.87	0.67	0.36	0.65		0.85	0.97	0.34	0.61	0.76	0.92	0.85	0.67	0.73	0.88
Cash And Short Term Investments	0.98	0.82	-0.89	0.67	0.88	0.86	0.89	0.76	-0.96	-0.78	0.94	1.0	0.58	0.14	0.4	0.85		0.87	-0.19	0.84	0.59	0.98	0.66	0.59	0.94	0.97
Net Receivables	0.94	0.8	-0.93	0.86	0.73	0.99	0.8	0.7	-0.8	-0.95	0.94	0.9	0.78	0.46	0.65	0.97	0.87		0.22	0.56	0.79	0.95	0.88	0.64	0.8	0.91
Common Stock Shares Outstanding	-0.06	0.0	-0.17	0.05	-0.45	0.26	-0.33	0.05	0.32	-0.37	0.08	-0.16	0.24	0.45	0.53	0.34	-0.19	0.22		-0.36	0.42	-0.03	0.33	0.24	-0.36	-0.09
Short Term Investments	0.76	0.59	-0.69	0.33	0.71	0.6	0.68	0.8	-0.87	-0.39	0.7	0.8	0.09	-0.39	-0.05	0.61	0.84	0.56	-0.36		0.13	0.77	0.32	0.41	0.76	0.77
Non Current Liabilities Total	0.69	0.8	-0.6	0.63	0.39	0.76	0.48	0.26	-0.4	-0.91	0.74	0.64	0.89	0.81	0.93	0.76	0.59	0.79	0.42	0.13		0.69	0.75	0.75	0.52	0.66
Other Current Assets	1.0	0.86	-0.92	0.77	0.82	0.93	0.86	0.78	-0.92	-0.86	0.96	0.99	0.69	0.27	0.5	0.92	0.98	0.95	-0.03	0.77	0.69		0.74	0.67	0.9	0.99
Other Stockholder Equity	0.76	0.6	-0.8	0.7	0.65	0.9	0.75	0.37	-0.64	-0.91	0.86	0.71	0.63	0.47	0.8	0.85	0.66	0.88	0.33	0.32	0.75	0.74		0.38	0.7	0.65
Total Liab	0.63	0.91	-0.45	0.46	0.22	0.61	0.27	0.46	-0.37	-0.64	0.6	0.61	0.64	0.43	0.55	0.67	0.59	0.64	0.24	0.41	0.75	0.67	0.38		0.41	0.71
Net Invested Capital	0.93	0.74	-0.79	0.68	0.98	0.79	0.98	0.57	-0.96	-0.71	0.89	0.95	0.53	0.14	0.39	0.73	0.94	0.8	-0.36	0.76	0.52	0.9	0.7	0.41		0.88
Long Term Investments	0.98	0.87	-0.88	0.78	0.8	0.89	0.82	0.8	-0.9	-0.81	0.91	0.98	0.7	0.27	0.42	0.88	0.97	0.91	-0.09	0.77	0.66	0.99	0.65	0.71	0.88

Click cells to compare fundamentals

Root Account Relationship Matchups

Root fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	728.6M	1.8B	1.3B	1.3B	1.3B	1.2B
Short Long Term Debt Total	171M	287.7M	14.1M	298.6M	299M	199.0M
Other Current Liab	(55.5M)	(137.1M)	(257.1M)	(119.8M)	(120M)	(126M)
Total Current Liabilities	55.5M	137.1M	130.7M	39.7M	224.2M	115.0M
Total Stockholder Equity	(374M)	1.0B	536.4M	277.1M	277.7M	301.9M
Other Liab	149.1M	247.5M	360.1M	321.9M	370.2M	245.3M
Net Tangible Assets	(380.6M)	1.0B	648.4M	389.1M	447.5M	345.0M
Property Plant And Equipment Net	10.2M	8.9M	10.3M	5.5M	6.3M	6M
Net Debt	(220.7M)	(934.8M)	(691.9M)	(466.7M)	(379.7M)	(398.7M)
Retained Earnings	(385M)	(748M)	(1.3B)	(1.6B)	(1.7B)	(1.6B)
Accounts Payable	55.5M	137.1M	130.7M	159.5M	120M	116.0M
Cash	391.7M	1.1B	706M	762.1M	678.7M	691.8M
Non Current Assets Total	133M	232.9M	140.2M	138.3M	669M	702.5M
Non Currrent Assets Other	(133M)	(232.9M)	(140.2M)	4M	628.9M	660.3M
Other Assets	(66.9M)	(62.3M)	40.1M	300.2M	250.7M	263.2M
Cash And Short Term Investments	514.5M	1.3B	835.9M	890.9M	678.7M	806.5M
Net Receivables	148M	254.9M	303.1M	260.7M	372.4M	254.9M
Common Stock Shares Outstanding	14.1M	4.2M	13.8M	14.1M	14.4M	13.2M
Short Term Investments	122.8M	224M	129.9M	128.8M	26.3M	25.0M
Liabilities And Stockholders Equity	728.6M	1.8B	1.3B	1.3B	1.3B	1.2B
Non Current Liabilities Total	171M	178M	144M	884.1M	1.1B	1.1B
Other Current Assets	542.8M	1.2B	879.6M	902.1M	953.1M	832.4M
Other Stockholder Equity	(550M)	537.3M	1.7B	1.7B	1.9B	972.3M
Total Liab	1.1B	729.9M	130.7M	1.0B	1.1B	804.4M
Net Invested Capital	(203M)	1.2B	536.4M	572.5M	456.8M	455.6M
Long Term Investments	122.8M	224M	134.6M	133.2M	166.8M	147.0M
Total Current Assets	662.5M	1.6B	1.1B	874.4M	678.7M	942.3M
Property Plant Equipment	10.2M	8.9M	15.4M	9.8M	11.3M	10.6M

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 Root Stock Analysis

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