Cross Historical Balance Sheet
CCRN Stock | USD 10.87 0.53 5.13% |
Trend analysis of Cross Country Healthcare balance sheet accounts such as Total Stockholder Equity of 281.1 M, Cash of 10.3 M or Other Assets of 20.3 M provides information on Cross Country's total assets, liabilities, and equity, which is the actual value of Cross Country Healthcare to its prevalent stockholders. By breaking down trends over time using Cross Country balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Cross Country Healthcare latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cross Country Healthcare is a good buy for the upcoming year.
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About Cross Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Cross Country Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Cross Country Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cross Country 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 Cross currently owns. An asset can also be divided into two categories, current and non-current.
Cross Country Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Cross Country assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cross Country Healthcare books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Cross Country Healthcare balance sheet. This account contains Cross Country investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Cross Country Healthcare 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.Most accounts from Cross Country's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cross Country Healthcare current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Cross Country Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Cross Country's Non Currrent Assets Other are very stable compared to the past year. As of the 26th of November 2024, Long Term Debt is likely to grow to about 179.6 M, while Total Assets are likely to drop about 480.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 297.5M | 457.2M | 473.4M | 281.1M | Total Assets | 732.8M | 947.8M | 679.3M | 480.8M |
Cross Country balance sheet Correlations
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Cross Country Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cross Country balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 382.4M | 357.0M | 732.8M | 947.8M | 679.3M | 480.8M | |
Total Stockholder Equity | 162.6M | 154.4M | 297.5M | 457.2M | 473.4M | 281.1M | |
Net Debt | 93.9M | 71.6M | 194.4M | 154.1M | (11.8M) | (11.2M) | |
Cash | 1.0M | 1.6M | 1.0M | 3.6M | 17.1M | 10.3M | |
Other Assets | 18.3M | 35.8M | 33.5M | 36.8M | 33.1M | 20.3M | |
Cash And Short Term Investments | 1.0M | 1.6M | 1.0M | 3.6M | 17.1M | 17.9M | |
Common Stock Shares Outstanding | 35.8M | 36.1M | 37.4M | 37.5M | 35.5M | 35.2M | |
Liabilities And Stockholders Equity | 382.4M | 357.0M | 732.8M | 947.8M | 679.3M | 480.8M | |
Other Stockholder Equity | 305.6M | 310.4M | 321.6M | 292.9M | 236.4M | 280.6M | |
Total Liab | 218.9M | 202.1M | 435.3M | 490.6M | 205.9M | 199.5M | |
Total Current Assets | 183.4M | 183.1M | 508.3M | 675.7M | 415.2M | 435.9M | |
Short Long Term Debt Total | 94.9M | 73.2M | 195.5M | 157.7M | 5.3M | 5.0M | |
Other Current Liab | 3.6M | 23.5M | 70.4M | 254.6M | 113.3M | 119.0M | |
Total Current Liabilities | 85.5M | 93.4M | 199.8M | 271.6M | 148.6M | 88.3M | |
Property Plant And Equipment Net | 28.8M | 22.8M | 23.3M | 22.9M | 29.9M | 18.0M | |
Current Deferred Revenue | 31.3M | 35.5M | 72.9M | 100.1M | 115.1M | 120.9M | |
Retained Earnings | (141.8M) | (154.7M) | (22.7M) | 165.7M | 238.4M | 250.3M | |
Accounts Payable | 45.7M | 49.9M | 109.8M | 12.9M | 3.0M | 2.9M | |
Non Current Assets Total | 199.0M | 173.9M | 224.5M | 272.2M | 264.2M | 201.9M | |
Non Currrent Assets Other | 18.3M | (17.4M) | 7.3M | 10.4M | 38.4M | 40.3M | |
Long Term Debt | 71.0M | 53.4M | 176.4M | 148.7M | 171.0M | 179.6M | |
Net Receivables | 174.5M | 174.7M | 499.0M | 660.0M | 388.3M | 407.8M | |
Good Will | 101.1M | 90.9M | 119.5M | 163.3M | 135.4M | 128.7M | |
Non Current Liabilities Total | 133.4M | 108.6M | 235.5M | 219.0M | 57.3M | 110.7M | |
Other Current Assets | 1.7M | 6.8M | 8.3M | 12.1M | 9.7M | 10.2M | |
Property Plant And Equipment Gross | 28.8M | 22.9M | 23.3M | 22.9M | 45.7M | 48.0M | |
Accumulated Other Comprehensive Income | (1.2M) | (1.3M) | (1.3M) | (1.4M) | (1.4M) | (1.5M) | |
Short Term Debt | 4.9M | 6.9M | 12.4M | 4.1M | 5.2M | 6.6M | |
Intangible Assets | 50.9M | 40.7M | 48.2M | 44.7M | 54.5M | 95.4M | |
Property Plant Equipment | 11.8M | 12.4M | 23.3M | 19.7M | 22.6M | 15.9M | |
Other Liab | 43.4M | 40.0M | 48.3M | 65.4M | 75.2M | 78.9M | |
Inventory | 6.1M | 5.5M | 7.6M | 11.1M | 10.0M | 10.1M | |
Net Tangible Assets | 10.7M | 22.7M | 129.8M | 412.5M | 474.4M | 498.1M | |
Noncontrolling Interest In Consolidated Entity | 630K | 670K | 868K | 534K | 614.1K | 463.2K | |
Retained Earnings Total Equity | (141.8M) | (154.7M) | (22.7M) | 165.7M | 190.6M | 200.1M | |
Long Term Debt Total | 71.0M | 53.4M | 176.4M | 148.7M | 171.0M | 179.6M |
Pair Trading with Cross Country
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cross Country position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cross Country will appreciate offsetting losses from the drop in the long position's value.Moving together with Cross Stock
Moving against Cross Stock
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The ability to find closely correlated positions to Cross Country could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cross Country when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cross Country - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cross Country Healthcare to buy it.
The correlation of Cross Country is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cross Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cross Country Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cross Country can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cross Country Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Health Care Providers & Services 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 Cross Country. If investors know Cross 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 Cross Country 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 (0.79) | Earnings Share (0.05) | Revenue Per Share 42.699 | Quarterly Revenue Growth (0.29) | Return On Assets 0.0127 |
The market value of Cross Country Healthcare is measured differently than its book value, which is the value of Cross that is recorded on the company's balance sheet. Investors also form their own opinion of Cross Country's value that differs from its market value or its book value, called intrinsic value, which is Cross Country'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 Cross Country's market value can be influenced by many factors that don't directly affect Cross Country'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 Cross Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cross Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cross Country'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.