Redfin Historical Balance Sheet
RDFN Stock | USD 9.66 0.05 0.52% |
Trend analysis of Redfin Corp balance sheet accounts such as Total Stockholder Equity of 40.6 M, Other Liab of 207.8 K, Property Plant And Equipment Net of 66.2 M or Net Debt of 903.1 M provides information on Redfin Corp's total assets, liabilities, and equity, which is the actual value of Redfin Corp to its prevalent stockholders. By breaking down trends over time using Redfin Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Redfin Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Redfin Corp is a good buy for the upcoming year.
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About Redfin Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Redfin Corp at a specified time, usually calculated after every quarter, six months, or one year. Redfin Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Redfin Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Redfin currently owns. An asset can also be divided into two categories, current and non-current.
Redfin Corp Balance Sheet Chart
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Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Redfin Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Redfin Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Redfin Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Redfin Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most accounts from Redfin Corp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Redfin Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.At this time, Redfin Corp's Property Plant And Equipment Gross is very stable compared to the past year. As of the 28th of November 2024, Total Current Assets is likely to grow to about 622.5 M, while Common Stock Shares Outstanding is likely to drop about 94 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 118.1M | 111.1M | 90.4M | 68.5M | Total Assets | 2.0B | 1.6B | 1.2B | 952.1M |
Redfin Corp balance sheet Correlations
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Redfin Corp Account Relationship Matchups
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Redfin Corp balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 91.6M | 98.6M | 104.7M | 107.9M | 113.2M | 94.0M | |
Total Assets | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 952.1M | |
Other Current Liab | 45.9M | 82.6M | 118.1M | 111.1M | 90.4M | 68.5M | |
Total Current Liabilities | 85.2M | 185.7M | 401.8M | 354.6M | 268.4M | 174.8M | |
Total Stockholder Equity | 331.4M | 630.4M | 349.7M | 103.9M | 42.7M | 40.6M | |
Net Tangible Assets | 319.9M | 619.4M | (245.6M) | (58.4M) | (67.2M) | (63.8M) | |
Property Plant And Equipment Net | 91.6M | 88.1M | 112.9M | 97.1M | 78.2M | 66.2M | |
Net Debt | (17.9M) | (290.2M) | 949.4M | 1.1B | 860.1M | 903.1M | |
Retained Earnings | (251.8M) | (270.3M) | (372.2M) | (693.3M) | (823.3M) | (782.2M) | |
Accounts Payable | 2.1M | 5.6M | 12.5M | 11.1M | 10.5M | 6.5M | |
Cash | 234.7M | 925.3M | 591.0M | 239.8M | 149.8M | 142.3M | |
Non Current Assets Total | 144.6M | 119.7M | 775.9M | 797.7M | 708.6M | 744.0M | |
Non Currrent Assets Other | (585.7M) | (1.4B) | (2.0B) | (43.4M) | 10.5M | 11.0M | |
Other Assets | 10.6M | 64.7M | 12.9M | 11.2M | 39.5M | 20.1M | |
Cash And Short Term Investments | 304.7M | 1.1B | 624.7M | 362.1M | 191.7M | 182.1M | |
Net Receivables | 19.2M | 54.7M | 69.6M | 46.4M | 51.7M | 35.0M | |
Common Stock Total Equity | 93K | 103K | 106K | 110K | 126.5K | 84.2K | |
Liabilities And Stockholders Equity | 596.2M | 1.4B | 2.0B | 1.6B | 1.2B | 952.1M | |
Non Current Liabilities Total | 179.6M | 544.4M | 1.3B | 1.1B | 842.5M | 654.3M | |
Inventory | 74.6M | 49.2M | 358.2M | 114.3M | 4.6M | 4.4M | |
Other Current Assets | 3.5M | 80.1M | 193.5M | 261.4M | 201.6M | 211.7M | |
Other Stockholder Equity | 834.9M | 860.6M | 682.1M | 758.0M | 826.1M | 567.6M | |
Total Liab | 264.8M | 730.1M | 1.7B | 1.5B | 1.1B | 829.1M | |
Property Plant And Equipment Gross | 91.6M | 88.1M | 112.9M | 55.1M | 167.5M | 175.8M | |
Short Long Term Debt | 25.7M | 85.5M | 256.1M | 213.9M | 152.0M | 91.3M | |
Total Current Assets | 451.6M | 1.2B | 1.2B | 776.5M | 445.0M | 622.5M | |
Accumulated Other Comprehensive Income | 42K | 211K | (174K) | (801K) | (182K) | (191.1K) | |
Short Term Debt | 37.2M | 97.4M | 271.1M | 232.5M | 167.6M | 100.2M | |
Intangible Assets | 2.3M | 1.8M | 185.9M | 198.5M | 155.5M | 163.2M | |
Common Stock | 93K | 103K | 106K | 110K | 117K | 89.1K | |
Property Plant Equipment | 91.6M | 44.0M | 58.7M | 55.1M | 63.4M | 44.5M | |
Current Deferred Revenue | 43K | 14.9M | 6.7M | 5.7M | 5.5M | 5.1M | |
Short Long Term Debt Total | 216.7M | 635.0M | 1.5B | 1.3B | 1.0B | 765.4M | |
Long Term Debt | 119.7M | 488.3M | 1.2B | 1.1B | 813.2M | 601.4M | |
Retained Earnings Total Equity | (251.8M) | (270.3M) | (372.2M) | (693.3M) | (624.0M) | (592.8M) | |
Capital Surpluse | 583.1M | 860.6M | 682.1M | 758.0M | 871.6M | 695.0M |
Pair Trading with Redfin Corp
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 Redfin Corp 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 Redfin Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Redfin Stock
The ability to find closely correlated positions to Redfin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redfin Corp 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 Redfin Corp - 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 Redfin Corp to buy it.
The correlation of Redfin Corp 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 Redfin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redfin Corp 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 Redfin Corp 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Redfin Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Real Estate Management & Development 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 Redfin Corp. If investors know Redfin 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 Redfin Corp 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 3.286 | Earnings Share (1.27) | Revenue Per Share 8.511 | Quarterly Revenue Growth 0.034 | Return On Assets (0.09) |
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp'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 Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp'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 Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp'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.