Healthcare Other Stockholder Equity vs Total Current Liabilities Analysis

603313 Stock   7.39  0.27  3.79%   
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 Other Stockholder Equity and its Total Current Liabilities 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.

Other Stockholder Equity vs Total Current Liabilities

Other Stockholder Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthcare Other Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Healthcare's Other Stockholder Equity and Total Current Liabilities is -0.79. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities 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 Other Stockholder Equity and Total Current Liabilities 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 Stockholder Equity of Healthcare Co are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Healthcare's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Other Stockholder Equity

Total Current Liabilities

Total Current Liabilities is an item on Healthcare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Healthcare Co 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 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 Income208.3M307.0M607.5M336.1M
Total Revenue8.1B8.0B8.0B8.4B

Healthcare fundamental ratios Correlations

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0.990.490.930.740.990.680.970.980.990.651.00.810.850.99-0.350.950.860.62-0.790.960.950.650.90.960.95
0.960.490.930.860.910.830.880.960.920.70.90.860.840.91-0.230.850.950.56-0.590.870.860.660.750.890.89
0.780.760.740.860.710.860.630.770.770.90.70.930.810.67-0.080.570.940.74-0.370.60.750.520.630.820.81
0.990.490.990.910.710.660.970.960.990.631.00.770.840.99-0.320.960.840.62-0.840.960.950.670.920.930.95
0.730.490.680.830.860.660.560.730.680.680.650.90.780.63-0.20.510.90.62-0.240.530.680.620.570.780.75
0.960.370.970.880.630.970.560.950.950.50.970.670.790.99-0.270.990.780.49-0.821.00.920.710.890.880.9
0.990.430.980.960.770.960.730.950.950.630.970.820.840.98-0.350.930.880.54-0.690.940.920.650.840.940.92
0.990.580.990.920.770.990.680.950.950.710.990.810.860.97-0.30.930.870.68-0.820.940.960.640.920.950.96
0.670.920.650.70.90.630.680.50.630.710.620.820.660.55-0.20.440.80.84-0.380.480.660.320.550.730.73
0.990.481.00.90.71.00.650.970.970.990.620.780.850.99-0.330.960.830.63-0.820.970.960.660.930.950.95
0.830.660.810.860.930.770.90.670.820.810.820.780.890.74-0.220.620.920.72-0.450.640.810.480.710.90.84
0.870.550.850.840.810.840.780.790.840.860.660.850.890.83-0.140.770.890.64-0.660.770.910.610.860.920.9
0.990.390.990.910.670.990.630.990.980.970.550.990.740.83-0.30.980.820.53-0.820.990.940.660.90.920.92
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0.940.320.950.850.570.960.510.990.930.930.440.960.620.770.98-0.280.740.44-0.851.00.90.680.880.850.87
0.90.650.860.950.940.840.90.780.880.870.80.830.920.890.82-0.250.740.68-0.520.760.870.650.750.910.91
0.620.910.620.560.740.620.620.490.540.680.840.630.720.640.53-0.220.440.68-0.450.460.690.490.710.730.72
-0.76-0.36-0.79-0.59-0.37-0.84-0.24-0.82-0.69-0.82-0.38-0.82-0.45-0.66-0.820.17-0.85-0.52-0.45-0.84-0.81-0.39-0.85-0.69-0.74
0.950.350.960.870.60.960.531.00.940.940.480.970.640.770.99-0.311.00.760.46-0.840.910.680.880.860.89
0.940.580.950.860.750.950.680.920.920.960.660.960.810.910.94-0.330.90.870.69-0.810.910.690.970.970.98
0.670.320.650.660.520.670.620.710.650.640.320.660.480.610.66-0.230.680.650.49-0.390.680.690.670.650.74
0.890.540.90.750.630.920.570.890.840.920.550.930.710.860.9-0.280.880.750.71-0.850.880.970.670.920.92
0.950.610.960.890.820.930.780.880.940.950.730.950.90.920.92-0.370.850.910.73-0.690.860.970.650.920.97
0.950.620.950.890.810.950.750.90.920.960.730.950.840.90.92-0.330.870.910.72-0.740.890.980.740.920.97
Click cells to compare fundamentals

Healthcare Account Relationship Matchups

Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.6B7.1B9.2B9.1B10.1B10.6B
Other Current Liab139.6M519.5M361.1M370.6M6.3M6.0M
Total Current Liabilities2.0B2.7B4.2B3.9B4.3B4.5B
Total Stockholder Equity2.3B3.6B2.9B3.0B3.9B4.1B
Retained Earnings864.7M1.2B836.1M877.4M782.4M594.0M
Accounts Payable503.6M933.9M1.5B1.3B1.5B1.5B
Cash810.7M1.1B994.5M555.1M1.1B603.5M
Other Assets96.0M289.7M424.2M535.5M615.8M646.6M
Net Receivables891.3M997.2M1.1B1.3B1.5B1.6B
Inventory741.8M1.4B1.9B1.7B1.7B1.8B
Other Current Assets164.6M269.9M195.9M161.6M53.7M92.6M
Total Liab2.2B3.4B6.2B6.0B6.1B6.4B
Intangible Assets178.2M180.0M196.8M170.7M167.2M120.5M
Common Stock333.6M374.4M486.5M485.3M558.1M289.0M
Property Plant Equipment1.5B2.2B3.7B4.0B4.6B4.8B
Other Liab16.3M92.3M164.6M216.3M248.7M261.1M
Net Tangible Assets2.1B3.1B2.4B2.5B2.9B2.1B
Long Term Debt181.1M607.3M785.5M559.4M119.5M113.5M
Other Stockholder Equity40.8M(24.1M)(219.3M)(175.6M)(158.1M)(150.2M)
Deferred Long Term Liab34.4M132.3M189.8M262.8M302.2M317.4M
Non Current Assets Total2.0B3.2B4.8B5.2B5.3B3.2B
Non Currrent Assets Other8.9M32.0M26.4M26.1M42.1M26.8M
Non Current Liabilities Total197.4M699.6M2.0B2.1B1.8B1.0B
Short Long Term Debt999.4M1.1B1.6B1.7B1.6B1.1B
Total Current Assets2.6B3.8B4.4B3.9B4.7B3.4B
Non Current Liabilities Other3.2M43.0M112.0M122.5M125.2M131.5M
Good Will91.1M321.0M320.6M287.6M278.1M223.0M
Common Stock Shares Outstanding333.6M374.4M486.5M485.3M570.6M451.7M
Net Invested Capital3.5B5.3B5.3B5.2B5.6B4.7B
Net Working Capital589.8M1.2B232.9M(22.3M)395.8M460.9M
Capital Stock333.6M374.4M486.5M485.3M570.6M456.6M

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.