Universal Cash And Short Term Investments vs Inventory Analysis

0LJL Stock

203.28 0.46 0.23%

Universal Health financial indicator trend analysis is much more than just breaking down Universal Health Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Health Services is a good investment. Please check the relationship between Universal Health Cash And Short Term Investments and its Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Universal Health Services. 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 Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Health Services Cash And Short Term Investments account and Inventory. At this time, the significance of the direction appears to have weak relationship.

The correlation between Universal Health's Cash And Short Term Investments and Inventory is 0.3. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Inventory in the same time period over historical financial statements of Universal Health Services, assuming nothing else is changed. The correlation between historical values of Universal Health's Cash And Short Term Investments and Inventory 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 Universal Health Services are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Cash And Short Term Investments i.e., Universal Health's Cash And Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Universal Health Services balance sheet. This account contains Universal Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Universal Health Services 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.

Inventory

Most indicators from Universal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Health Services 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 Universal Health Services. 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 7.6 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	83.7M	126.9M	207.2M	217.6M
Depreciation And Amortization	533.2M	581.9M	568.0M	596.4M

Interest Expense Depreciation And Amortization

Universal 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	Common Stock	Good Will	Current Deferred Revenue
Total Assets		0.96	0.98	0.94	0.98	0.99	0.88	0.98	0.31	1.0	0.43	0.31	0.98	-0.93	0.93	0.97	0.48	-0.98	0.98	0.95	0.58	-0.1	0.96	0.32	0.82	-0.14
Short Long Term Debt Total	0.96		0.93	0.83	0.88	0.95	0.97	0.89	0.12	0.96	0.26	0.12	0.96	-0.94	0.99	0.93	0.58	-0.94	0.99	0.87	0.47	-0.08	0.89	0.37	0.77	-0.07
Other Current Liab	0.98	0.93		0.94	0.98	0.99	0.85	0.98	0.29	0.98	0.42	0.29	0.97	-0.9	0.9	0.98	0.44	-0.98	0.96	0.93	0.57	-0.19	0.97	0.24	0.78	-0.16
Total Current Liabilities	0.94	0.83	0.94		0.95	0.93	0.7	0.95	0.53	0.92	0.47	0.53	0.9	-0.83	0.79	0.93	0.26	-0.92	0.9	0.96	0.79	-0.09	0.94	0.17	0.73	-0.09
Total Stockholder Equity	0.98	0.88	0.98	0.95		0.97	0.79	1.0	0.36	0.97	0.53	0.36	0.95	-0.86	0.84	0.95	0.32	-0.97	0.92	0.93	0.64	-0.09	0.97	0.22	0.81	-0.24
Property Plant And Equipment Net	0.99	0.95	0.99	0.93	0.97		0.89	0.97	0.26	0.98	0.35	0.26	0.98	-0.93	0.92	0.99	0.46	-0.99	0.97	0.93	0.57	-0.17	0.98	0.19	0.75	-0.08
Net Debt	0.88	0.97	0.85	0.7	0.79	0.89		0.81	-0.12	0.9	0.18	-0.12	0.91	-0.89	0.96	0.86	0.61	-0.88	0.92	0.73	0.34	-0.04	0.82	0.37	0.71	-0.13
Retained Earnings	0.98	0.89	0.98	0.95	1.0	0.97	0.81		0.34	0.98	0.5	0.34	0.95	-0.87	0.85	0.96	0.33	-0.97	0.93	0.93	0.63	-0.09	0.97	0.22	0.8	-0.23
Cash	0.31	0.12	0.29	0.53	0.36	0.26	-0.12	0.34		0.24	0.36	1.0	0.21	-0.23	0.12	0.3	-0.11	-0.23	0.27	0.55	0.52	-0.15	0.3	-0.02	0.23	0.25
Non Current Assets Total	1.0	0.96	0.98	0.92	0.97	0.98	0.9	0.98	0.24		0.45	0.24	0.97	-0.93	0.94	0.96	0.48	-0.98	0.98	0.92	0.56	-0.07	0.96	0.35	0.84	-0.18
Non Currrent Assets Other	0.43	0.26	0.42	0.47	0.53	0.35	0.18	0.5	0.36	0.45		0.36	0.26	-0.31	0.22	0.29	-0.16	-0.33	0.31	0.33	0.38	0.21	0.4	0.45	0.71	-0.49
Cash And Short Term Investments	0.31	0.12	0.29	0.53	0.36	0.26	-0.12	0.34	1.0	0.24	0.36		0.21	-0.23	0.12	0.3	-0.11	-0.23	0.27	0.55	0.52	-0.15	0.3	-0.02	0.23	0.25
Net Receivables	0.98	0.96	0.97	0.9	0.95	0.98	0.91	0.95	0.21	0.97	0.26	0.21		-0.91	0.93	0.97	0.49	-0.98	0.97	0.93	0.57	-0.11	0.95	0.22	0.72	-0.14
Common Stock Shares Outstanding	-0.93	-0.94	-0.9	-0.83	-0.86	-0.93	-0.89	-0.87	-0.23	-0.93	-0.31	-0.23	-0.91		-0.94	-0.91	-0.58	0.92	-0.95	-0.87	-0.45	0.16	-0.87	-0.32	-0.84	0.0
Non Current Liabilities Total	0.93	0.99	0.9	0.79	0.84	0.92	0.96	0.85	0.12	0.94	0.22	0.12	0.93	-0.94		0.9	0.68	-0.9	0.98	0.86	0.36	-0.11	0.85	0.42	0.75	-0.02
Inventory	0.97	0.93	0.98	0.93	0.95	0.99	0.86	0.96	0.3	0.96	0.29	0.3	0.97	-0.91	0.9		0.46	-0.99	0.96	0.94	0.57	-0.22	0.98	0.1	0.7	-0.02
Other Current Assets	0.48	0.58	0.44	0.26	0.32	0.46	0.61	0.33	-0.11	0.48	-0.16	-0.11	0.49	-0.58	0.68	0.46		-0.43	0.57	0.44	-0.17	-0.23	0.35	0.46	0.35	0.17
Other Stockholder Equity	-0.98	-0.94	-0.98	-0.92	-0.97	-0.99	-0.88	-0.97	-0.23	-0.98	-0.33	-0.23	-0.98	0.92	-0.9	-0.99	-0.43		-0.95	-0.92	-0.57	0.16	-0.98	-0.14	-0.75	0.12
Total Liab	0.98	0.99	0.96	0.9	0.92	0.97	0.92	0.93	0.27	0.98	0.31	0.27	0.97	-0.95	0.98	0.96	0.57	-0.95		0.93	0.52	-0.11	0.93	0.35	0.78	-0.04
Total Current Assets	0.95	0.87	0.93	0.96	0.93	0.93	0.73	0.93	0.55	0.92	0.33	0.55	0.93	-0.87	0.86	0.94	0.44	-0.92	0.93		0.64	-0.18	0.92	0.2	0.69	0.01
Short Term Debt	0.58	0.47	0.57	0.79	0.64	0.57	0.34	0.63	0.52	0.56	0.38	0.52	0.57	-0.45	0.36	0.57	-0.17	-0.57	0.52	0.64		0.18	0.6	0.0	0.43	-0.11
Intangible Assets	-0.1	-0.08	-0.19	-0.09	-0.09	-0.17	-0.04	-0.09	-0.15	-0.07	0.21	-0.15	-0.11	0.16	-0.11	-0.22	-0.23	0.16	-0.11	-0.18	0.18		-0.11	0.36	0.17	-0.44
Accounts Payable	0.96	0.89	0.97	0.94	0.97	0.98	0.82	0.97	0.3	0.96	0.4	0.3	0.95	-0.87	0.85	0.98	0.35	-0.98	0.93	0.92	0.6	-0.11		0.1	0.74	-0.15
Common Stock	0.32	0.37	0.24	0.17	0.22	0.19	0.37	0.22	-0.02	0.35	0.45	-0.02	0.22	-0.32	0.42	0.1	0.46	-0.14	0.35	0.2	0.0	0.36	0.1		0.59	-0.3
Good Will	0.82	0.77	0.78	0.73	0.81	0.75	0.71	0.8	0.23	0.84	0.71	0.23	0.72	-0.84	0.75	0.7	0.35	-0.75	0.78	0.69	0.43	0.17	0.74	0.59		-0.36
Current Deferred Revenue	-0.14	-0.07	-0.16	-0.09	-0.24	-0.08	-0.13	-0.23	0.25	-0.18	-0.49	0.25	-0.14	0.0	-0.02	-0.02	0.17	0.12	-0.04	0.01	-0.11	-0.44	-0.15	-0.3	-0.36

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Universal Health Account Relationship Matchups

Universal Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7B	13.5B	13.1B	13.5B	14.0B	14.7B
Short Long Term Debt Total	4.3B	4.2B	4.6B	5.3B	5.4B	5.6B
Other Current Liab	913.5M	1.0B	1.1B	1.1B	1.1B	1.2B
Total Current Liabilities	1.6B	2.5B	2.0B	1.9B	2.0B	2.1B
Total Stockholder Equity	5.5B	6.3B	6.1B	5.9B	6.1B	6.5B
Property Plant And Equipment Net	5.3B	5.7B	6.2B	6.4B	6.6B	6.9B
Net Debt	4.2B	3.0B	4.4B	5.2B	5.2B	5.5B
Retained Earnings	5.9B	6.7B	6.6B	6.5B	6.8B	7.1B
Cash	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Non Current Assets Total	9.8B	10.2B	10.8B	11.0B	11.2B	11.7B
Non Currrent Assets Other	516.8M	575.0M	573.4M	305.5M	271.3M	228.7M
Cash And Short Term Investments	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Net Receivables	1.6B	1.7B	1.7B	2.0B	2.2B	2.4B
Common Stock Shares Outstanding	89.0M	85.6M	83.7M	73.8M	70.1M	88.5M
Liabilities And Stockholders Equity	11.7B	13.5B	13.1B	13.5B	14.0B	14.7B
Non Current Liabilities Total	4.5B	4.6B	4.9B	5.6B	5.8B	6.0B
Inventory	159.9M	190.4M	206.8M	218.5M	217.0M	227.8M
Other Current Assets	133.9M	138.0M	194.8M	198.3M	236.7M	248.5M
Other Stockholder Equity	(462.2M)	(479.5M)	(545.5M)	(604.1M)	(659.9M)	(626.9M)
Total Liab	6.1B	7.1B	6.9B	7.5B	7.8B	8.2B
Total Current Assets	1.9B	3.3B	2.3B	2.5B	2.8B	3.0B
Short Term Debt	200.4M	451.6M	177.4M	217.0M	269.9M	283.4M
Intangible Assets	83.7M	82.6M	81.0M	78.1M	77.0M	73.2M
Accounts Payable	447.0M	570.5M	658.9M	636.6M	614.0M	644.7M
Accumulated Other Comprehensive Income	31.9M	48.1M	30.3M	(9.7M)	9.3M	9.8M
Common Stock	867K	851K	771K	710K	672K	817.0K
Good Will	3.9B	3.9B	4.0B	3.9B	3.9B	2.7B
Current Deferred Revenue	2.5M	376.2M	6K	2.4M	5.4M	5.6M
Other Assets	316.4M	363.0M	361.1M	393.8M	452.9M	375.1M
Other Liab	355.0M	786.7M	464.8M	487.7M	560.8M	525.6M
Net Tangible Assets	1.6B	2.4B	2.0B	1.9B	2.2B	1.9B
Deferred Long Term Liab	6.4M	5.0M	6.5M	6.3M	5.6M	5.7M
Property Plant Equipment	5.3B	5.7B	6.2B	6.4B	7.3B	6.1B

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Universal Cash And Short Term Investments vs Inventory Analysis

Cash And Short Term Investments vs Inventory

Cash And Short Term Investments vs Inventory Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Inventory

Universal Health fundamental ratios Correlations

Universal Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Universal Health fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total

Other Stockholder Equity	- 0.99	Inventory
Other Stockholder Equity	- 0.99	Property Plant And Equipment Net
Accounts Payable	- 0.98	Other Stockholder Equity
Other Stockholder Equity	- 0.98	Net Receivables
Other Stockholder Equity	- 0.98	Non Current Assets Total
Other Stockholder Equity	- 0.98	Other Current Liab