Universal Other Current Assets vs Net Debt Analysis

0LJL Stock

205.00 1.72 0.85%

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 Other Current Assets and its Net Debt 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.

Other Current Assets vs Net Debt

Other Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Health Services Other Current Assets account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Universal Health's Other Current Assets and Net Debt is 0.61. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Debt 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 Other Current Assets and Net 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 Other Current Assets of Universal Health Services are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Assets i.e., Universal Health's Other Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.61

Relationship Direction	Positive
Relationship Strength	Significant

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 Other Current Assets vs Net Debt Analysis

Other Current Assets vs Net Debt

Other Current Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Other Current Assets

Net Debt

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