Red Capital Expenditures vs Free Cash Flow Analysis

RRR Stock

USD 50.84 0.63 1.25%

Red Rock financial indicator trend analysis is much more than just breaking down Red Rock Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Rock Resorts is a good investment. Please check the relationship between Red Rock Capital Expenditures and its Free Cash Flow accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. 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.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Rock Resorts Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Red Rock's Capital Expenditures and Free Cash Flow is -0.86. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Red Rock Resorts, assuming nothing else is changed. The correlation between historical values of Red Rock's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Red Rock Resorts are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Red Rock's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Red Rock Resorts to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Red Rock operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Red Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Rock Resorts 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 Red Rock Resorts. 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.

As of 11/16/2024, Selling General Administrative is likely to grow to about 367.4 M, while Discontinued Operations is likely to drop (200.4 K).

	2021	2022	2023	2024 (projected)
Interest Expense	103.2M	129.9M	181.0M	117.7M
Depreciation And Amortization	157.8M	128.4M	132.5M	176.3M

Interest Expense Depreciation And Amortization

Red Rock 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	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	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	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.56	0.78	0.78	0.43	-0.72	0.48	-0.77	0.73	-0.12	0.51	0.47	0.71	0.51	0.29	-0.21	-0.77	0.78	0.64	0.64	-0.45	0.78	0.74	0.7	-0.82	-0.81
Total Assets	0.56		0.81	0.86	0.59	-0.35	0.97	-0.77	0.83	0.34	-0.05	0.99	0.44	-0.05	0.65	-0.41	-0.79	0.83	0.92	0.28	-0.12	0.84	0.66	0.31	-0.76	-0.66
Short Long Term Debt Total	0.78	0.81		0.89	0.55	-0.76	0.79	-0.85	0.99	0.02	0.17	0.77	0.66	0.17	0.55	-0.45	-0.87	0.99	0.88	0.66	-0.53	0.99	0.95	0.51	-0.88	-0.93
Other Current Liab	0.78	0.86	0.89		0.71	-0.67	0.8	-0.88	0.89	0.24	0.09	0.82	0.6	0.09	0.66	-0.33	-0.88	0.92	0.87	0.41	-0.37	0.94	0.85	0.42	-0.84	-0.81
Total Current Liabilities	0.43	0.59	0.55	0.71		-0.25	0.63	-0.32	0.6	0.37	-0.34	0.62	0.25	-0.34	0.72	-0.45	-0.38	0.52	0.61	-0.08	-0.32	0.59	0.64	-0.08	-0.27	-0.43
Total Stockholder Equity	-0.72	-0.35	-0.76	-0.67	-0.25		-0.27	0.78	-0.72	0.21	-0.44	-0.27	-0.58	-0.44	-0.2	0.3	0.79	-0.79	-0.52	-0.76	0.68	-0.78	-0.8	-0.6	0.76	0.88
Property Plant And Equipment Net	0.48	0.97	0.79	0.8	0.63	-0.27		-0.67	0.83	0.29	-0.24	0.99	0.32	-0.24	0.63	-0.4	-0.69	0.78	0.89	0.24	-0.07	0.8	0.66	0.13	-0.66	-0.62
Current Deferred Revenue	-0.77	-0.77	-0.85	-0.88	-0.32	0.78	-0.67		-0.82	-0.1	-0.33	-0.71	-0.62	-0.33	-0.35	0.21	0.99	-0.92	-0.81	-0.63	0.31	-0.9	-0.73	-0.62	0.96	0.87
Net Debt	0.73	0.83	0.99	0.89	0.6	-0.72	0.83	-0.82		0.03	0.06	0.8	0.62	0.06	0.57	-0.45	-0.84	0.97	0.89	0.62	-0.51	0.98	0.95	0.41	-0.84	-0.91
Accounts Payable	-0.12	0.34	0.02	0.24	0.37	0.21	0.29	-0.1	0.03		-0.13	0.35	-0.2	-0.13	0.42	0.05	-0.13	0.06	0.39	-0.42	0.4	0.1	-0.02	0.02	0.09	0.04
Cash	0.51	-0.05	0.17	0.09	-0.34	-0.44	-0.24	-0.33	0.06	-0.13		-0.19	0.42	1.0	-0.09	-0.07	-0.32	0.22	0.01	0.47	-0.31	0.17	0.12	0.91	-0.38	-0.29
Non Current Assets Total	0.47	0.99	0.77	0.82	0.62	-0.27	0.99	-0.71	0.8	0.35	-0.19		0.37	-0.19	0.65	-0.4	-0.72	0.78	0.89	0.19	-0.07	0.8	0.63	0.17	-0.69	-0.59
Non Currrent Assets Other	0.71	0.44	0.66	0.6	0.25	-0.58	0.32	-0.62	0.62	-0.2	0.42	0.37		0.42	0.35	-0.14	-0.57	0.65	0.47	0.49	-0.66	0.64	0.63	0.58	-0.75	-0.55
Cash And Short Term Investments	0.51	-0.05	0.17	0.09	-0.34	-0.44	-0.24	-0.33	0.06	-0.13	1.0	-0.19	0.42		-0.09	-0.07	-0.32	0.22	0.01	0.47	-0.31	0.17	0.12	0.91	-0.38	-0.29
Net Receivables	0.29	0.65	0.55	0.66	0.72	-0.2	0.63	-0.35	0.57	0.42	-0.09	0.65	0.35	-0.09		-0.47	-0.35	0.55	0.54	-0.09	-0.38	0.59	0.61	0.13	-0.36	-0.29
Good Will	-0.21	-0.41	-0.45	-0.33	-0.45	0.3	-0.4	0.21	-0.45	0.05	-0.07	-0.4	-0.14	-0.07	-0.47		0.3	-0.43	-0.33	-0.16	0.59	-0.45	-0.47	-0.19	0.25	0.39
Common Stock Total Equity	-0.77	-0.79	-0.87	-0.88	-0.38	0.79	-0.69	0.99	-0.84	-0.13	-0.32	-0.72	-0.57	-0.32	-0.35	0.3		-0.93	-0.84	-0.62	0.32	-0.91	-0.75	-0.61	0.93	0.9
Non Current Liabilities Total	0.78	0.83	0.99	0.92	0.52	-0.79	0.78	-0.92	0.97	0.06	0.22	0.78	0.65	0.22	0.55	-0.43	-0.93		0.88	0.64	-0.51	1.0	0.92	0.54	-0.92	-0.93
Inventory	0.64	0.92	0.88	0.87	0.61	-0.52	0.89	-0.81	0.89	0.39	0.01	0.89	0.47	0.01	0.54	-0.33	-0.84	0.88		0.37	-0.17	0.9	0.76	0.38	-0.75	-0.81
Other Current Assets	0.64	0.28	0.66	0.41	-0.08	-0.76	0.24	-0.63	0.62	-0.42	0.47	0.19	0.49	0.47	-0.09	-0.16	-0.62	0.64	0.37		-0.46	0.6	0.62	0.65	-0.7	-0.76
Other Stockholder Equity	-0.45	-0.12	-0.53	-0.37	-0.32	0.68	-0.07	0.31	-0.51	0.4	-0.31	-0.07	-0.66	-0.31	-0.38	0.59	0.32	-0.51	-0.17	-0.46		-0.51	-0.68	-0.36	0.43	0.49
Total Liab	0.78	0.84	0.99	0.94	0.59	-0.78	0.8	-0.9	0.98	0.1	0.17	0.8	0.64	0.17	0.59	-0.45	-0.91	1.0	0.9	0.6	-0.51		0.94	0.51	-0.9	-0.92
Property Plant And Equipment Gross	0.74	0.66	0.95	0.85	0.64	-0.8	0.66	-0.73	0.95	-0.02	0.12	0.63	0.63	0.12	0.61	-0.47	-0.75	0.92	0.76	0.62	-0.68	0.94		0.42	-0.76	-0.88
Total Current Assets	0.7	0.31	0.51	0.42	-0.08	-0.6	0.13	-0.62	0.41	0.02	0.91	0.17	0.58	0.91	0.13	-0.19	-0.61	0.54	0.38	0.65	-0.36	0.51	0.42		-0.65	-0.58
Short Term Debt	-0.82	-0.76	-0.88	-0.84	-0.27	0.76	-0.66	0.96	-0.84	0.09	-0.38	-0.69	-0.75	-0.38	-0.36	0.25	0.93	-0.92	-0.75	-0.7	0.43	-0.9	-0.76	-0.65		0.84
Intangible Assets	-0.81	-0.66	-0.93	-0.81	-0.43	0.88	-0.62	0.87	-0.91	0.04	-0.29	-0.59	-0.55	-0.29	-0.29	0.39	0.9	-0.93	-0.81	-0.76	0.49	-0.92	-0.88	-0.58	0.84

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Red Rock Account Relationship Matchups

Red Rock fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	69.6M	70.5M	116.5M	104.7M	103.2M	81.3M
Total Assets	4.1B	3.7B	3.1B	3.3B	4.0B	3.8B
Short Long Term Debt Total	3.0B	2.9B	2.9B	3.0B	3.3B	3.0B
Other Current Liab	182.2M	115.7M	107.9M	200.5M	291.6M	149.3M
Total Current Liabilities	276.0M	200.3M	204.8M	293.2M	349.2M	288.1M
Total Stockholder Equity	500.7M	352.6M	59.5M	43.8M	168.8M	305.7M
Property Plant And Equipment Net	3.3B	3.1B	2.2B	2.6B	3.3B	3.0B
Current Deferred Revenue	22.2M	11.9M	15.9M	18.3M	20.2M	39.5M
Net Debt	2.9B	2.8B	2.6B	2.9B	3.2B	2.8B
Accounts Payable	34.0M	11.2M	17.5M	11.4M	25.4M	17.9M
Cash	128.8M	121.2M	275.3M	117.3M	137.6M	163.3M
Non Current Assets Total	3.8B	3.5B	2.7B	3.1B	3.7B	3.6B
Non Currrent Assets Other	106.1M	72.5M	127.3M	124.9M	97.1M	96.2M
Cash And Short Term Investments	128.8M	121.2M	275.3M	117.3M	137.6M	163.3M
Net Receivables	56.7M	35.1M	36.7M	43.6M	76.4M	51.7M
Common Stock Total Equity	706K	713K	615K	581K	522.9K	496.8K
Liabilities And Stockholders Equity	4.1B	3.7B	3.1B	3.3B	4.0B	3.8B
Non Current Liabilities Total	3.1B	2.9B	2.9B	3.0B	3.4B	3.0B
Inventory	17.8M	13.1M	11.7M	13.2M	15.3M	14.0M
Other Current Assets	17.6M	88.9M	105.4M	46.9M	53.1M	40.2M
Other Stockholder Equity	376.2M	385.6M	55.0M	0.0	7.3M	7.0M
Total Liab	3.3B	3.1B	3.1B	3.3B	3.7B	3.3B
Property Plant And Equipment Gross	3.3B	3.1B	3.4B	3.8B	4.5B	3.4B
Total Current Assets	281.6M	249.0M	429.1M	221.0M	282.3M	294.9M
Short Term Debt	37.6M	25.8M	28.9M	30.9M	32.2M	37.6M
Intangible Assets	108.5M	100.8M	87.2M	84.4M	82.8M	99.1M
Common Stock	706K	713K	615K	581K	590K	560.5K
Other Liab	40.4M	44.9M	36.0M	31.9M	28.7M	27.3M
Net Tangible Assets	196.5M	56.1M	63.3M	(236.3M)	(212.6M)	(202.0M)
Other Assets	444.6M	336.5M	391.5M	618.9M	711.7M	381.4M
Long Term Debt	3.0B	2.9B	2.8B	3.0B	3.3B	3.0B
Deferred Long Term Liab	18.7M	22.1M	34.1M	41.7M	47.9M	50.3M
Long Term Investments	8.9M	8.9M	8.2M	6.1M	5.5M	8.7M
Short Long Term Debt	34.0M	22.8M	25.9M	26.1M	26.1M	33.8M
Property Plant Equipment	3.1B	3.1B	2.2B	2.6B	3.0B	2.9B
Retained Earnings	124.4M	(33.1M)	3.9M	43.2M	160.9M	168.9M
Long Term Debt Total	3.0B	2.9B	2.8B	3.0B	3.4B	3.0B
Noncontrolling Interest In Consolidated Entity	281.9M	252.0M	(9.5M)	(11.5M)	(10.4M)	(9.9M)

Pair Trading with Red Rock

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Red Rock position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Red Rock will appreciate offsetting losses from the drop in the long position's value.

Moving against Red Stock

0.64	IHG	InterContinental Hotels	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.62	MAR	Marriott International	Pair Corr
0.61	ALL	Aristocrat Leisure	Pair Corr
0.6	SSNLF	Samsung Electronics	Pair Corr

The ability to find closely correlated positions to Red Rock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Rock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Red Rock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Red Rock Resorts to buy it.

The correlation of Red Rock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Rock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Rock Resorts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Red Rock can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Red Stock Analysis

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

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