CVS Cash And Short Term Investments vs Retained Earnings Analysis

0HRS Stock

59.86 0.81 1.37%

CVS Health financial indicator trend analysis is way more than just evaluating CVS Health Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health Corp is a good investment. Please check the relationship between CVS Health Cash And Short Term Investments and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health 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 board of governors.

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CVS Health Corp Cash And Short Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CVS Health's Cash And Short Term Investments and Retained Earnings is 0.85. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of CVS Health Corp, assuming nothing else is changed. The correlation between historical values of CVS Health's Cash And Short Term Investments 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 Cash And Short Term Investments of CVS Health Corp 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 Cash And Short Term Investments i.e., CVS Health's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of CVS Health Corp balance sheet. This account contains CVS Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CVS Health Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 CVS Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVS Health Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health 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 board of governors.

Selling General Administrative is likely to gain to about 40.3 B in 2024, whereas Tax Provision is likely to drop slightly above 2.2 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	52.0B	53.7B	54.4B	57.2B
Total Revenue	292.1B	321.6B	357.8B	375.7B

Gross Profit Total Revenue

CVS Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock	Current Deferred Revenue
Total Assets		0.98	0.97	0.98	0.97	0.94	0.97	0.91	0.87	1.0	0.92	0.93	0.94	0.36	0.98	0.91	0.87	-0.94	1.0	0.98	0.82	0.95	0.94	0.99	0.97	0.58
Short Long Term Debt Total	0.98		0.93	0.93	0.91	0.92	1.0	0.85	0.81	0.99	0.89	0.88	0.87	0.3	1.0	0.88	0.9	-0.96	0.99	0.93	0.83	0.97	0.87	0.98	0.97	0.52
Other Current Liab	0.97	0.93		1.0	0.94	0.92	0.91	0.91	0.89	0.96	0.94	0.94	0.97	0.28	0.93	0.85	0.78	-0.94	0.97	0.98	0.79	0.87	0.96	0.96	0.95	0.58
Total Current Liabilities	0.98	0.93	1.0		0.95	0.93	0.91	0.94	0.9	0.96	0.93	0.94	0.98	0.29	0.92	0.88	0.77	-0.93	0.97	0.99	0.82	0.87	0.97	0.96	0.93	0.59
Total Stockholder Equity	0.97	0.91	0.94	0.95		0.92	0.9	0.93	0.87	0.96	0.89	0.91	0.93	0.5	0.92	0.92	0.83	-0.84	0.95	0.97	0.77	0.9	0.94	0.97	0.9	0.66
Property Plant And Equipment Net	0.94	0.92	0.92	0.93	0.92		0.9	0.85	0.89	0.93	0.82	0.92	0.87	0.48	0.9	0.83	0.83	-0.86	0.93	0.93	0.87	0.82	0.89	0.9	0.9	0.52
Net Debt	0.97	1.0	0.91	0.91	0.9	0.9		0.83	0.76	0.98	0.88	0.84	0.85	0.28	0.99	0.86	0.9	-0.95	0.98	0.91	0.83	0.98	0.85	0.97	0.96	0.53
Retained Earnings	0.91	0.85	0.91	0.94	0.93	0.85	0.83		0.83	0.89	0.84	0.85	0.95	0.33	0.84	0.96	0.66	-0.82	0.89	0.96	0.78	0.81	0.98	0.92	0.79	0.66
Cash	0.87	0.81	0.89	0.9	0.87	0.89	0.76	0.83		0.85	0.74	0.99	0.86	0.44	0.81	0.79	0.72	-0.82	0.86	0.91	0.67	0.72	0.89	0.83	0.85	0.31
Non Current Assets Total	1.0	0.99	0.96	0.96	0.96	0.93	0.98	0.89	0.85		0.92	0.91	0.92	0.36	0.99	0.9	0.89	-0.94	1.0	0.97	0.82	0.96	0.91	0.99	0.97	0.57
Non Currrent Assets Other	0.92	0.89	0.94	0.93	0.89	0.82	0.88	0.84	0.74	0.92		0.82	0.95	0.17	0.89	0.77	0.72	-0.87	0.92	0.91	0.68	0.86	0.87	0.93	0.9	0.72
Cash And Short Term Investments	0.93	0.88	0.94	0.94	0.91	0.92	0.84	0.85	0.99	0.91	0.82		0.9	0.4	0.88	0.82	0.79	-0.88	0.92	0.95	0.72	0.8	0.91	0.89	0.92	0.38
Net Receivables	0.94	0.87	0.97	0.98	0.93	0.87	0.85	0.95	0.86	0.92	0.95	0.9		0.24	0.87	0.86	0.66	-0.88	0.93	0.98	0.74	0.81	0.98	0.94	0.87	0.66
Common Stock Shares Outstanding	0.36	0.3	0.28	0.29	0.5	0.48	0.28	0.33	0.44	0.36	0.17	0.4	0.24		0.31	0.4	0.44	-0.12	0.31	0.34	0.29	0.31	0.3	0.33	0.29	0.23
Non Current Liabilities Total	0.98	1.0	0.93	0.92	0.92	0.9	0.99	0.84	0.81	0.99	0.89	0.88	0.87	0.31		0.87	0.91	-0.95	0.99	0.93	0.8	0.98	0.86	0.98	0.98	0.5
Inventory	0.91	0.88	0.85	0.88	0.92	0.83	0.86	0.96	0.79	0.9	0.77	0.82	0.86	0.4	0.87		0.74	-0.81	0.89	0.92	0.78	0.87	0.93	0.92	0.79	0.56
Other Current Assets	0.87	0.9	0.78	0.77	0.83	0.83	0.9	0.66	0.72	0.89	0.72	0.79	0.66	0.44	0.91	0.74		-0.83	0.87	0.78	0.76	0.91	0.68	0.85	0.91	0.4
Other Stockholder Equity	-0.94	-0.96	-0.94	-0.93	-0.84	-0.86	-0.95	-0.82	-0.82	-0.94	-0.87	-0.88	-0.88	-0.12	-0.95	-0.81	-0.83		-0.96	-0.91	-0.8	-0.9	-0.87	-0.93	-0.96	-0.4
Total Liab	1.0	0.99	0.97	0.97	0.95	0.93	0.98	0.89	0.86	1.0	0.92	0.92	0.93	0.31	0.99	0.89	0.87	-0.96		0.97	0.82	0.95	0.92	0.99	0.97	0.55
Total Current Assets	0.98	0.93	0.98	0.99	0.97	0.93	0.91	0.96	0.91	0.97	0.91	0.95	0.98	0.34	0.93	0.92	0.78	-0.91	0.97		0.79	0.88	0.98	0.97	0.92	0.59
Short Term Debt	0.82	0.83	0.79	0.82	0.77	0.87	0.83	0.78	0.67	0.82	0.68	0.72	0.74	0.29	0.8	0.78	0.76	-0.8	0.82	0.79		0.75	0.77	0.79	0.75	0.53
Intangible Assets	0.95	0.97	0.87	0.87	0.9	0.82	0.98	0.81	0.72	0.96	0.86	0.8	0.81	0.31	0.98	0.87	0.91	-0.9	0.95	0.88	0.75		0.81	0.96	0.93	0.54
Accounts Payable	0.94	0.87	0.96	0.97	0.94	0.89	0.85	0.98	0.89	0.91	0.87	0.91	0.98	0.3	0.86	0.93	0.68	-0.87	0.92	0.98	0.77	0.81		0.93	0.85	0.57
Good Will	0.99	0.98	0.96	0.96	0.97	0.9	0.97	0.92	0.83	0.99	0.93	0.89	0.94	0.33	0.98	0.92	0.85	-0.93	0.99	0.97	0.79	0.96	0.93		0.95	0.61
Common Stock	0.97	0.97	0.95	0.93	0.9	0.9	0.96	0.79	0.85	0.97	0.9	0.92	0.87	0.29	0.98	0.79	0.91	-0.96	0.97	0.92	0.75	0.93	0.85	0.95		0.44
Current Deferred Revenue	0.58	0.52	0.58	0.59	0.66	0.52	0.53	0.66	0.31	0.57	0.72	0.38	0.66	0.23	0.5	0.56	0.4	-0.4	0.55	0.59	0.53	0.54	0.57	0.61	0.44

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CVS Health Account Relationship Matchups

CVS Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	222.4B	230.7B	233.0B	228.3B	249.7B	262.2B
Short Long Term Debt Total	89.0B	85.0B	76.0B	70.7B	79.4B	83.4B
Other Current Liab	37.4B	43.8B	49.4B	51.1B	59.6B	62.6B
Total Current Liabilities	53.3B	62.0B	67.8B	69.7B	79.2B	83.1B
Total Stockholder Equity	63.9B	69.4B	75.1B	71.0B	76.5B	80.3B
Property Plant And Equipment Net	32.9B	33.3B	32.0B	30.7B	30.4B	32.0B
Net Debt	83.3B	77.2B	66.6B	57.8B	71.2B	74.7B
Retained Earnings	45.1B	49.6B	54.9B	56.1B	61.6B	64.7B
Cash	5.7B	7.9B	9.4B	12.9B	8.2B	8.6B
Non Current Assets Total	172.1B	174.3B	173.0B	162.6B	181.9B	191.0B
Non Currrent Assets Other	4.6B	4.6B	4.7B	4.0B	7.9B	8.3B
Cash And Short Term Investments	8.1B	10.9B	12.5B	15.7B	11.5B	12.0B
Net Receivables	19.6B	21.7B	24.4B	27.3B	35.2B	37.0B
Common Stock Shares Outstanding	1.3B	1.3B	1.3B	1.3B	1.3B	984.2M
Liabilities And Stockholders Equity	222.4B	230.7B	233.0B	228.3B	249.7B	262.2B
Non Current Liabilities Total	105.0B	99.0B	89.8B	87.2B	93.9B	98.6B
Inventory	17.5B	18.5B	17.8B	19.1B	18.0B	18.9B
Other Current Assets	5.1B	5.3B	5.3B	3.5B	3.2B	3.3B
Other Stockholder Equity	(28.2B)	(28.2B)	(28.2B)	(31.9B)	(33.8B)	(32.1B)
Total Liab	158.3B	161.0B	157.6B	157.0B	173.1B	181.7B
Total Current Assets	50.3B	56.4B	60.0B	65.7B	67.9B	71.3B
Accumulated Other Comprehensive Income	1.0B	1.4B	965M	(1.5B)	(297M)	(311.9M)
Short Term Debt	5.4B	7.1B	5.9B	3.5B	4.6B	4.9B
Intangible Assets	33.1B	31.1B	29.0B	24.8B	29.2B	30.7B
Accounts Payable	10.5B	11.1B	12.5B	14.8B	14.9B	15.6B
Good Will	79.7B	79.6B	79.1B	78.2B	91.3B	95.8B
Common Stock	46.0B	46.5B	47.4B	48.2B	49.0B	51.4B
Current Deferred Revenue	32.6B	38.0B	43.8B	3.9B	57.1B	60.0B
Short Term Investments	2.4B	3B	3.1B	2.8B	3.3B	3.4B
Other Assets	9.1B	9.5B	9.8B	7.8B	9.0B	5.4B
Long Term Debt	22.2B	71.4B	63.9B	58.2B	66.9B	53.1B
Treasury Stock	(37.8B)	(28.2B)	(28.2B)	(28.2B)	(32.4B)	(34.0B)
Property Plant Equipment	32.9B	33.3B	32.0B	30.7B	35.4B	25.3B
Other Liab	21.4B	21.0B	19.7B	19.9B	22.9B	20.0B
Net Tangible Assets	(49.0B)	(41.3B)	(33.1B)	(31.9B)	(28.7B)	(30.1B)

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CVS Cash And Short Term Investments vs Retained Earnings Analysis

Cash And Short Term Investments vs Retained Earnings

Cash And Short Term Investments vs Retained Earnings Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Retained Earnings

CVS Health fundamental ratios Correlations

CVS Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CVS Health fundamental ratios Accounts

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Additional Tools for CVS Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Non Current Assets Total

Common Stock	- 0.96	Other Stockholder Equity
Total Liab	- 0.96	Other Stockholder Equity
Other Stockholder Equity	- 0.96	Short Long Term Debt Total
Other Stockholder Equity	- 0.95	Non Current Liabilities Total
Other Stockholder Equity	- 0.95	Net Debt
Other Stockholder Equity	- 0.94	Non Current Assets Total