BlackRock Long Term Investments vs Total Current Liabilities Analysis
| BMEZ Stock | USD 15.34 0.08 0.52% |
BlackRock Health financial indicator trend analysis is way more than just evaluating BlackRock Health Sciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackRock Health Sciences is a good investment. Please check the relationship between BlackRock Health Long Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BlackRock Health Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Long Term Investments vs Total Current Liabilities
Long Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BlackRock Health Sciences Long Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between BlackRock Health's Long Term Investments and Total Current Liabilities is 0.96. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of BlackRock Health Sciences, assuming nothing else is changed. The correlation between historical values of BlackRock Health's Long Term Investments 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 Long Term Investments of BlackRock Health Sciences 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 Long Term Investments i.e., BlackRock Health's Long Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Long Term Investments
Long Term Investments is an item on the asset side of BlackRock Health balance sheet that represents investments BlackRock Health Sciences intends to hold for over a year. BlackRock Health Sciences long term investments may include different instruments such as stocks, bonds, real estate and cash.Total Current Liabilities
Total Current Liabilities is an item on BlackRock Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of BlackRock Health Sciences 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 BlackRock Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BlackRock Health Sciences 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 BlackRock Health Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. Selling General Administrative is likely to drop to about 1.1 M in 2024. Enterprise Value is likely to drop to about 1.9 B in 2024
| 2010 | 2020 | 2023 | 2024 (projected) | Total Operating Expenses | 490.4K | 1.9M | 2.2M | 1.3M | EBITDA | 113.2M | 1.5B | 1.7B | 879.0M |
BlackRock Health fundamental ratios Correlations
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BlackRock Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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