Aveanna Cash And Short Term Investments vs Net Tangible Assets Analysis

AVAH Stock

USD 5.81 0.23 4.12%

Aveanna Healthcare financial indicator trend analysis is way more than just evaluating Aveanna Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aveanna Healthcare is a good investment. Please check the relationship between Aveanna Healthcare Cash And Short Term Investments and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Cash And Short Term Investments vs Net Tangible Assets

Cash And Short Term Investments vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aveanna Healthcare Cash And Short Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Aveanna Healthcare's Cash And Short Term Investments and Net Tangible Assets is -0.5. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Aveanna Healthcare Holdings, assuming nothing else is changed. The correlation between historical values of Aveanna Healthcare's Cash And Short Term Investments and Net Tangible Assets 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 Aveanna Healthcare Holdings are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Cash And Short Term Investments i.e., Aveanna Healthcare's Cash And Short Term Investments and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cash And Short Term Investments

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

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Aveanna Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aveanna 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 Aveanna Healthcare Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current Tax Provision is estimated to decrease to about 21.9 K. The current Selling General Administrative is estimated to decrease to about 435 M

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	35.4M	38.8M	30.1M	32.9M
Interest Income	253K	679K	548K	481.4K

Depreciation And Amortization Interest Income

Aveanna Healthcare fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Total Equity
Other Current Liab		0.69	0.87	-0.59	-0.43	-0.69	0.07	0.5	0.38	0.74	0.93	0.5	0.09	0.47	0.63	-0.15	-0.33	-0.36	0.46	0.86	0.28	0.42	0.77	0.86	0.2	0.49
Total Current Liabilities	0.69		0.73	-0.91	-0.84	-0.16	-0.36	0.91	0.61	0.95	0.83	0.85	-0.14	0.52	0.95	-0.35	-0.52	-0.34	0.92	0.47	0.35	0.69	0.95	0.47	0.19	0.95
Other Liab	0.87	0.73		-0.73	-0.62	-0.45	-0.04	0.47	0.65	0.87	0.97	0.78	0.42	0.37	0.77	-0.35	-0.53	-0.52	0.61	0.93	0.15	0.57	0.88	0.93	0.05	0.61
Net Tangible Assets	-0.59	-0.91	-0.73		0.75	-0.09	0.14	-0.71	-0.65	-0.94	-0.76	-0.93	-0.14	-0.63	-0.85	0.2	0.41	0.28	-0.8	-0.5	-0.48	-0.53	-0.94	-0.5	-0.34	-0.82
Retained Earnings	-0.43	-0.84	-0.62	0.75		0.13	0.73	-0.85	-0.8	-0.82	-0.68	-0.79	0.12	-0.02	-0.95	0.77	0.82	0.63	-0.97	-0.3	0.16	-0.78	-0.81	-0.3	0.31	-0.91
Accounts Payable	-0.69	-0.16	-0.45	-0.09	0.13		0.14	-0.19	-0.1	-0.16	-0.53	0.14	0.17	0.2	-0.2	0.35	0.33	0.44	-0.08	-0.54	0.33	-0.21	-0.21	-0.54	0.34	-0.04
Other Assets	0.07	-0.36	-0.04	0.14	0.73	0.14		-0.64	-0.53	-0.22	-0.14	-0.2	0.5	0.55	-0.55	0.87	0.78	0.5	-0.66	0.26	0.61	-0.64	-0.22	0.26	0.7	-0.56
Net Receivables	0.5	0.91	0.47	-0.71	-0.85	-0.19	-0.64		0.55	0.75	0.63	0.62	-0.5	0.27	0.88	-0.48	-0.6	-0.28	0.93	0.15	0.15	0.75	0.76	0.15	0.0	0.94
Common Stock Shares Outstanding	0.38	0.61	0.65	-0.65	-0.8	-0.1	-0.53	0.55		0.65	0.62	0.7	0.24	-0.05	0.78	-0.62	-0.91	-0.41	0.74	0.4	-0.18	0.84	0.67	0.4	-0.24	0.63
Other Current Assets	0.74	0.95	0.87	-0.94	-0.82	-0.16	-0.22	0.75	0.65		0.9	0.93	0.14	0.52	0.93	-0.36	-0.5	-0.47	0.85	0.66	0.32	0.61	1.0	0.66	0.16	0.87
Total Current Assets	0.93	0.83	0.97	-0.76	-0.68	-0.53	-0.14	0.63	0.62	0.9		0.75	0.19	0.41	0.84	-0.37	-0.55	-0.5	0.7	0.86	0.19	0.62	0.92	0.86	0.07	0.7
Common Stock	0.5	0.85	0.78	-0.93	-0.79	0.14	-0.2	0.62	0.7	0.93	0.75		0.34	0.48	0.86	-0.33	-0.48	-0.39	0.81	0.55	0.31	0.59	0.91	0.55	0.16	0.83
Property Plant Equipment	0.09	-0.14	0.42	-0.14	0.12	0.17	0.5	-0.5	0.24	0.14	0.19	0.34		0.13	-0.05	0.12	0.02	-0.12	-0.2	0.56	0.06	-0.09	0.12	0.56	0.1	-0.21
Total Assets	0.47	0.52	0.37	-0.63	-0.02	0.2	0.55	0.27	-0.05	0.52	0.41	0.48	0.13		0.26	0.6	0.35	0.38	0.2	0.37	0.97	0.02	0.52	0.37	0.92	0.34
Short Long Term Debt Total	0.63	0.95	0.77	-0.85	-0.95	-0.2	-0.55	0.88	0.78	0.93	0.84	0.86	-0.05	0.26		-0.6	-0.74	-0.51	0.97	0.48	0.07	0.82	0.93	0.48	-0.08	0.96
Total Stockholder Equity	-0.15	-0.35	-0.35	0.2	0.77	0.35	0.87	-0.48	-0.62	-0.36	-0.37	-0.33	0.12	0.6	-0.6		0.84	0.83	-0.61	-0.14	0.74	-0.57	-0.36	-0.14	0.84	-0.5
Property Plant And Equipment Net	-0.33	-0.52	-0.53	0.41	0.82	0.33	0.78	-0.6	-0.91	-0.5	-0.55	-0.48	0.02	0.35	-0.74	0.84		0.56	-0.73	-0.27	0.49	-0.86	-0.53	-0.27	0.56	-0.6
Current Deferred Revenue	-0.36	-0.34	-0.52	0.28	0.63	0.44	0.5	-0.28	-0.41	-0.47	-0.5	-0.39	-0.12	0.38	-0.51	0.83	0.56		-0.44	-0.44	0.57	-0.21	-0.46	-0.44	0.69	-0.37
Net Debt	0.46	0.92	0.61	-0.8	-0.97	-0.08	-0.66	0.93	0.74	0.85	0.7	0.81	-0.2	0.2	0.97	-0.61	-0.73	-0.44		0.27	0.05	0.83	0.85	0.27	-0.11	0.98
Cash	0.86	0.47	0.93	-0.5	-0.3	-0.54	0.26	0.15	0.4	0.66	0.86	0.55	0.56	0.37	0.48	-0.14	-0.27	-0.44	0.27		0.16	0.28	0.67	1.0	0.11	0.28
Non Current Assets Total	0.28	0.35	0.15	-0.48	0.16	0.33	0.61	0.15	-0.18	0.32	0.19	0.31	0.06	0.97	0.07	0.74	0.49	0.57	0.05	0.16		-0.11	0.32	0.16	0.98	0.17
Non Currrent Assets Other	0.42	0.69	0.57	-0.53	-0.78	-0.21	-0.64	0.75	0.84	0.61	0.62	0.59	-0.09	0.02	0.82	-0.57	-0.86	-0.21	0.83	0.28	-0.11		0.62	0.28	-0.18	0.76
Long Term Debt	0.77	0.95	0.88	-0.94	-0.81	-0.21	-0.22	0.76	0.67	1.0	0.92	0.91	0.12	0.52	0.93	-0.36	-0.53	-0.46	0.85	0.67	0.32	0.62		0.67	0.17	0.86
Cash And Short Term Investments	0.86	0.47	0.93	-0.5	-0.3	-0.54	0.26	0.15	0.4	0.66	0.86	0.55	0.56	0.37	0.48	-0.14	-0.27	-0.44	0.27	1.0	0.16	0.28	0.67		0.11	0.28
Good Will	0.2	0.19	0.05	-0.34	0.31	0.34	0.7	0.0	-0.24	0.16	0.07	0.16	0.1	0.92	-0.08	0.84	0.56	0.69	-0.11	0.11	0.98	-0.18	0.17	0.11		0.01
Common Stock Total Equity	0.49	0.95	0.61	-0.82	-0.91	-0.04	-0.56	0.94	0.63	0.87	0.7	0.83	-0.21	0.34	0.96	-0.5	-0.6	-0.37	0.98	0.28	0.17	0.76	0.86	0.28	0.01

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Aveanna Healthcare Account Relationship Matchups

Aveanna Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	3.4M	207.4M	136.9M	106.6M	141.6M	123.6M
Total Current Liabilities	168.5M	260.4M	344.8M	326.5M	354.8M	303.1M
Other Liab	54.4M	82.6M	64.3M	62.5M	71.9M	69.7M
Net Tangible Assets	(1.0B)	(1.1B)	(1.3B)	(1.3B)	(1.1B)	(1.2B)
Retained Earnings	(400.6M)	(457.6M)	(574.7M)	(1.2B)	(1.4B)	(1.3B)
Accounts Payable	66.4M	19.6M	52.6M	44.6M	30.1M	33.5M
Other Assets	31.3M	34.5M	33.4M	27.4M	24.6M	25.0M
Net Receivables	164.3M	180.9M	225.3M	225.6M	245.8M	226.0M
Other Current Assets	8.6M	22.4M	23.4M	24.9M	25.1M	20.4M
Total Current Assets	186.3M	340.6M	279.2M	269.8M	314.9M	294.4M
Common Stock	1.4M	1.4M	1.8M	1.9M	1.9M	1.6M
Property Plant Equipment	80.5M	78.9M	31.4M	22.8M	20.5M	38.5M

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When determining whether Aveanna Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aveanna Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aveanna Healthcare Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aveanna Healthcare Holdings Stock:

How To Invest In Aveanna

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Is Aveanna Stock a good investment?

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What is Aveanna Healthcare's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aveanna Healthcare Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aveanna Healthcare. If investors know Aveanna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aveanna Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.46)

Earnings Share

(0.35)

Revenue Per Share

10.315

Quarterly Revenue Growth

0.065

Return On Assets

0.0488

The market value of Aveanna Healthcare is measured differently than its book value, which is the value of Aveanna that is recorded on the company's balance sheet. Investors also form their own opinion of Aveanna Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Aveanna Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aveanna Healthcare's market value can be influenced by many factors that don't directly affect Aveanna Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Aveanna Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aveanna Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aveanna Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Aveanna Cash And Short Term Investments vs Net Tangible Assets Analysis

Cash And Short Term Investments vs Net Tangible Assets

Cash And Short Term Investments vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Tangible Assets

Aveanna Healthcare fundamental ratios Correlations

Aveanna Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Aveanna Healthcare fundamental ratios Accounts

Currently Active Assets on Macroaxis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Other Current Assets
Cash And Short Term Investments	+ 1.0	Cash
Common Stock Total Equity	+ 0.98	Net Debt
Good Will	+ 0.98	Non Current Assets Total
Total Current Assets	+ 0.97	Other Liab
Non Current Assets Total	+ 0.97	Total Assets

Net Debt	- 0.97	Retained Earnings
Short Long Term Debt Total	- 0.95	Retained Earnings
Long Term Debt	- 0.94	Net Tangible Assets
Other Current Assets	- 0.94	Net Tangible Assets
Common Stock	- 0.93	Net Tangible Assets
Property Plant And Equipment Net	- 0.91	Common Stock Shares Outstanding