BrightSpring Minority Interest vs Total Other Income Expense Net Analysis
| BTSGU Stock | 71.13 1.98 2.86% |
BrightSpring Health financial indicator trend analysis is way more than just evaluating BrightSpring Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BrightSpring Health is a good investment. Please check the relationship between BrightSpring Health Minority Interest and its Total Other Income Expense Net accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Minority Interest vs Total Other Income Expense Net
Minority Interest vs Total Other Income Expense Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightSpring Health Minority Interest account and Total Other Income Expense Net. At this time, the significance of the direction appears to have pay attention.
The correlation between BrightSpring Health's Minority Interest and Total Other Income Expense Net is -0.81. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of BrightSpring Health Services,, assuming nothing else is changed. The correlation between historical values of BrightSpring Health's Minority Interest and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of BrightSpring Health Services, are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Minority Interest i.e., BrightSpring Health's Minority Interest and Total Other Income Expense Net go up and down completely randomly.
Correlation Coefficient | -0.81 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of BrightSpring Health Services, whose combined shares represent less than 50% of the total outstanding shares issued by BrightSpring Health have a minority interest in BrightSpring Health.Total Other Income Expense Net
Most indicators from BrightSpring Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BrightSpring Health 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 BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Tax Provision is likely to gain to about (17.6 M) in 2024. Selling General Administrative is likely to drop to about 1.2 B in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 233.6M | 324.6M | 373.3M | 237.2M | Depreciation And Amortization | 204.0M | 202.3M | 232.7M | 216.4M |
BrightSpring Health fundamental ratios Correlations
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BrightSpring Health Account Relationship Matchups
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