Healthcare Net Receivables vs Other Stockholder Equity Analysis
603313 Stock | 7.04 0.23 3.38% |
Healthcare financial indicator trend analysis is much more than just examining Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Healthcare is a good investment. Please check the relationship between Healthcare Net Receivables and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Healthcare Co. 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.
Net Receivables vs Other Stockholder Equity
Net Receivables vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthcare Net Receivables account and Other Stockholder Equity. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Healthcare's Net Receivables and Other Stockholder Equity is -0.69. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Healthcare Co, assuming nothing else is changed. The correlation between historical values of Healthcare's Net Receivables and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Healthcare Co are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Receivables i.e., Healthcare's Net Receivables and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.69 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Net Receivables
Other Stockholder Equity
Most indicators from Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Healthcare 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 Healthcare Co. 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. The current year's Selling General Administrative is expected to grow to about 1.5 B, whereas Tax Provision is forecasted to decline to about 34.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 208.3M | 307.0M | 607.5M | 336.1M | Total Revenue | 8.1B | 8.0B | 8.0B | 8.4B |
Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Healthcare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.6B | 7.1B | 9.2B | 9.1B | 10.1B | 10.6B | |
Other Current Liab | 139.6M | 519.5M | 361.1M | 370.6M | 6.3M | 6.0M | |
Total Current Liabilities | 2.0B | 2.7B | 4.2B | 3.9B | 4.3B | 4.5B | |
Total Stockholder Equity | 2.3B | 3.6B | 2.9B | 3.0B | 3.9B | 4.1B | |
Retained Earnings | 864.7M | 1.2B | 836.1M | 877.4M | 782.4M | 594.0M | |
Accounts Payable | 503.6M | 933.9M | 1.5B | 1.3B | 1.5B | 1.5B | |
Cash | 810.7M | 1.1B | 994.5M | 555.1M | 1.1B | 603.5M | |
Other Assets | 96.0M | 289.7M | 424.2M | 535.5M | 615.8M | 646.6M | |
Net Receivables | 891.3M | 997.2M | 1.1B | 1.3B | 1.5B | 1.6B | |
Inventory | 741.8M | 1.4B | 1.9B | 1.7B | 1.7B | 1.8B | |
Other Current Assets | 164.6M | 269.9M | 195.9M | 161.6M | 53.7M | 92.6M | |
Total Liab | 2.2B | 3.4B | 6.2B | 6.0B | 6.1B | 6.4B | |
Intangible Assets | 178.2M | 180.0M | 196.8M | 170.7M | 167.2M | 120.5M | |
Common Stock | 333.6M | 374.4M | 486.5M | 485.3M | 558.1M | 289.0M | |
Property Plant Equipment | 1.5B | 2.2B | 3.7B | 4.0B | 4.6B | 4.8B | |
Other Liab | 16.3M | 92.3M | 164.6M | 216.3M | 248.7M | 261.1M | |
Net Tangible Assets | 2.1B | 3.1B | 2.4B | 2.5B | 2.9B | 2.1B | |
Long Term Debt | 181.1M | 607.3M | 785.5M | 559.4M | 119.5M | 113.5M | |
Other Stockholder Equity | 40.8M | (24.1M) | (219.3M) | (175.6M) | (158.1M) | (150.2M) | |
Deferred Long Term Liab | 34.4M | 132.3M | 189.8M | 262.8M | 302.2M | 317.4M | |
Non Current Assets Total | 2.0B | 3.2B | 4.8B | 5.2B | 5.3B | 3.2B | |
Non Currrent Assets Other | 8.9M | 32.0M | 26.4M | 26.1M | 42.1M | 26.8M | |
Non Current Liabilities Total | 197.4M | 699.6M | 2.0B | 2.1B | 1.8B | 1.0B | |
Short Long Term Debt | 999.4M | 1.1B | 1.6B | 1.7B | 1.6B | 1.1B | |
Total Current Assets | 2.6B | 3.8B | 4.4B | 3.9B | 4.7B | 3.4B | |
Non Current Liabilities Other | 3.2M | 43.0M | 112.0M | 122.5M | 125.2M | 131.5M | |
Good Will | 91.1M | 321.0M | 320.6M | 287.6M | 278.1M | 223.0M | |
Common Stock Shares Outstanding | 333.6M | 374.4M | 486.5M | 485.3M | 570.6M | 451.7M | |
Net Invested Capital | 3.5B | 5.3B | 5.3B | 5.2B | 5.6B | 4.7B | |
Net Working Capital | 589.8M | 1.2B | 232.9M | (22.3M) | 395.8M | 460.9M | |
Capital Stock | 333.6M | 374.4M | 486.5M | 485.3M | 570.6M | 456.6M |
Currently Active Assets on Macroaxis
Other Information on Investing in Healthcare Stock
Balance Sheet is a snapshot of the financial position of Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Healthcare 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 Healthcare currently owns. An asset can also be divided into two categories, current and non-current.