Apollo Total Current Liabilities vs Non Current Assets Total Analysis

APOLLOHOSP   7,077  1.55  0.02%   
Apollo Hospitals financial indicator trend analysis is way more than just evaluating Apollo Hospitals Ent prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apollo Hospitals Ent is a good investment. Please check the relationship between Apollo Hospitals Total Current Liabilities and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Hospitals Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apollo Hospitals Ent Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Apollo Hospitals' Total Current Liabilities and Non Current Assets Total is 0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Apollo Hospitals Enterprise, assuming nothing else is changed. The correlation between historical values of Apollo Hospitals' Total Current Liabilities and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Apollo Hospitals Enterprise are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., Apollo Hospitals' Total Current Liabilities and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Apollo Hospitals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Apollo Hospitals Enterprise 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Apollo Hospitals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apollo Hospitals Ent 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 Apollo Hospitals Enterprise. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current Selling General Administrative is estimated to decrease to about 1.4 B. The current Tax Provision is estimated to decrease to about 2.4 B
 2021 2022 2023 2024 (projected)
Interest Expense3.3B3.8B4.5B4.7B
Depreciation And Amortization6.0B6.1B6.9B7.2B

Apollo Hospitals fundamental ratios Correlations

0.930.70.960.960.990.90.890.960.871.00.040.840.680.770.470.610.010.980.980.610.30.740.930.930.93
0.930.540.860.80.960.990.770.830.740.950.070.70.60.870.690.52-0.210.980.860.560.120.590.790.780.76
0.70.540.830.730.660.470.880.790.840.66-0.050.610.420.17-0.050.710.090.640.740.240.20.610.640.680.76
0.960.860.830.920.950.820.960.970.880.95-0.030.760.590.610.350.64-0.060.940.950.460.270.70.910.920.93
0.960.80.730.920.930.750.870.960.910.940.090.880.730.630.310.640.220.90.980.660.430.770.930.950.95
0.990.960.660.950.930.940.870.940.841.00.030.810.660.80.530.6-0.071.00.960.590.260.720.90.90.9
0.90.990.470.820.750.940.710.780.670.930.050.670.560.90.720.48-0.270.960.820.530.090.570.750.730.72
0.890.770.880.960.870.870.710.950.890.87-0.140.710.480.480.230.67-0.050.860.90.330.20.660.860.90.91
0.960.830.790.970.960.940.780.950.880.94-0.130.840.560.620.260.660.040.920.980.450.290.780.960.970.97
0.870.740.840.880.910.840.670.890.880.850.090.750.670.470.270.680.190.810.90.550.350.610.810.840.86
1.00.950.660.950.941.00.930.870.940.850.070.810.690.80.540.6-0.040.990.960.630.290.70.910.910.9
0.040.07-0.05-0.030.090.030.05-0.14-0.130.090.07-0.090.640.080.48-0.190.280.01-0.020.690.27-0.22-0.1-0.1-0.16
0.840.70.610.760.880.810.670.710.840.750.81-0.090.60.620.090.610.220.780.890.590.30.960.790.780.89
0.680.60.420.590.730.660.560.480.560.670.690.640.60.60.540.280.30.630.660.940.570.450.550.550.58
0.770.870.170.610.630.80.90.480.620.470.80.080.620.60.760.29-0.180.830.680.580.140.510.640.620.58
0.470.69-0.050.350.310.530.720.230.260.270.540.480.090.540.760.02-0.290.570.330.540.09-0.080.30.290.17
0.610.520.710.640.640.60.480.670.660.680.6-0.190.610.280.290.020.170.560.640.180.370.570.50.610.61
0.01-0.210.09-0.060.22-0.07-0.27-0.050.040.19-0.040.280.220.3-0.18-0.290.17-0.130.110.310.340.150.110.130.09
0.980.980.640.940.91.00.960.860.920.810.990.010.780.630.830.570.56-0.130.940.560.210.690.890.880.88
0.980.860.740.950.980.960.820.90.980.90.96-0.020.890.660.680.330.640.110.940.580.320.80.950.950.96
0.610.560.240.460.660.590.530.330.450.550.630.690.590.940.580.540.180.310.560.580.510.430.470.460.49
0.30.120.20.270.430.260.090.20.290.350.290.270.30.570.140.090.370.340.210.320.510.230.270.310.36
0.740.590.610.70.770.720.570.660.780.610.7-0.220.960.450.51-0.080.570.150.690.80.430.230.710.690.84
0.930.790.640.910.930.90.750.860.960.810.91-0.10.790.550.640.30.50.110.890.950.470.270.710.970.92
0.930.780.680.920.950.90.730.90.970.840.91-0.10.780.550.620.290.610.130.880.950.460.310.690.970.92
0.930.760.760.930.950.90.720.910.970.860.9-0.160.890.580.580.170.610.090.880.960.490.360.840.920.92
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Apollo Hospitals Account Relationship Matchups

Apollo Hospitals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets113.4B114.2B131.9B144.3B167.5B175.9B
Short Long Term Debt Total56.2B41.6B40.7B43.3B53.3B56.0B
Other Current Liab1.9B3.4B359M3.8B10.4B11.0B
Total Current Liabilities23.4B20.4B23.8B33.2B46.6B49.0B
Total Stockholder Equity33.4B46.0B56.2B62.0B69.4B72.8B
Property Plant And Equipment Net72.6B65.5B72.8B80.3B93.9B98.5B
Net Debt52.4B37.3B34.9B39.0B44.0B46.2B
Retained Earnings15.5B5.9B16.7B21.3B39.1B41.1B
Accounts Payable9.1B11.6B16.3B19.2B23.7B24.9B
Cash3.8B4.3B5.8B4.3B9.3B9.8B
Non Current Assets Total86.9B77.8B90.7B100.9B114.7B120.5B
Non Currrent Assets Other6.2B4.0B3.6B5.4B5.7B4.9B
Cash And Short Term Investments6.4B14.2B10.8B12.1B11.9B12.5B
Liabilities And Stockholders Equity113.4B114.2B131.9B144.3B167.5B175.9B
Non Current Liabilities Total55.3B45.8B49.3B45.7B47.7B26.7B
Inventory7.4B2.5B4.3B3.9B4.6B3.3B
Other Current Assets1.7B5.4B1M8.4B9.7B10.2B
Other Stockholder Equity(15.7B)(16.2B)28.6B29.3B39.3B24.7B
Total Liab78.7B66.1B73.1B79.0B94.3B99.0B
Total Current Assets26.5B36.4B41.2B43.4B52.8B55.4B
Accumulated Other Comprehensive Income11.3B10.7B9.5B11.3B884M928.2M
Other Assets(1M)4.2B4.8B6.8B7.9B4.8B
Short Term Investments2.6B10.0B5.0B7.8B6.8B7.2B
Net Receivables11.0B14.9B26.1B25.0B26.6B27.9B
Good Will3.5B3.8B9.2B9.9B10.1B10.6B
Intangible Assets547M858M1.1B1.1B1.4B1.4B
Current Deferred Revenue3.4B3.7B4.1B2.8B1.4B1.3B
Short Term Debt9.0B4.6B3.1B9.0B11.2B11.7B
Other Liab8.1B8.7B11.7B11.4B13.1B8.1B
Net Tangible Assets29.4B41.4B45.9B51.1B58.7B37.7B
Long Term Debt28.5B24.7B24.3B19.4B22.4B26.1B
Short Long Term Debt5.0B3.9B2.1B7.7B9.3B5.9B
Property Plant Equipment72.6B65.5B72.8B80.3B92.4B60.4B
Long Term Debt Total29.5B47.2B37.0B37.6B43.2B36.9B
Cash And Equivalents2.9B281M386M483M434.7M413.0M
Capital Lease Obligations20.3B13.0B14.3B16.2B21.7B13.4B

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Other Information on Investing in Apollo Stock

Balance Sheet is a snapshot of the financial position of Apollo Hospitals Ent at a specified time, usually calculated after every quarter, six months, or one year. Apollo Hospitals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Apollo Hospitals 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 Apollo currently owns. An asset can also be divided into two categories, current and non-current.