Fortis Non Current Assets Total vs Total Assets Analysis

FORTIS Stock

612.70 3.10 0.50%

Fortis Healthcare financial indicator trend analysis is much more than just examining Fortis Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortis Healthcare is a good investment. Please check the relationship between Fortis Healthcare Non Current Assets Total and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Non Current Assets Total vs Total Assets

Non Current Assets Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Healthcare Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Fortis Healthcare's Non Current Assets Total and Total Assets is 0.99. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Fortis Healthcare Limited, assuming nothing else is changed. The correlation between historical values of Fortis Healthcare's Non Current Assets Total and Total 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 Non Current Assets Total of Fortis Healthcare Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., Fortis Healthcare's Non Current Assets Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Total Assets

Total assets refers to the total amount of Fortis Healthcare 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 Fortis 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.

Most indicators from Fortis Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortis 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

The current year's Selling General Administrative is expected to grow to about 2.8 B, whereas Discontinued Operations is forecasted to decline to about 17.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	1.3B	1.3B	1.5B	1.4B
Depreciation And Amortization	3.2B	3.4B	3.9B	4.1B

Interest Expense Depreciation And Amortization

Fortis Healthcare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other	Accounts Payable	Good Will	Intangible Assets
Total Assets		0.33	0.68	0.76	0.83	0.82	0.22	-0.2	0.4	0.99	0.2	0.5	0.57	-0.01	0.56	0.88	0.29	0.66	0.71	0.48	0.14	0.67	0.22	0.78	0.69	0.62
Short Long Term Debt Total	0.33		-0.09	0.56	-0.21	-0.23	0.46	0.36	0.5	0.24	0.24	0.91	-0.37	0.18	0.7	0.08	0.95	-0.21	0.81	0.7	0.88	-0.22	0.68	0.51	0.79	-0.3
Other Current Liab	0.68	-0.09		0.7	0.75	0.76	-0.06	-0.08	0.21	0.7	0.04	0.03	0.6	-0.15	-0.11	0.54	-0.11	0.74	0.21	0.04	-0.19	0.43	0.0	0.32	0.23	0.64
Total Current Liabilities	0.76	0.56	0.7		0.47	0.51	0.07	0.1	0.56	0.74	0.17	0.59	0.2	-0.05	0.3	0.47	0.48	0.48	0.71	0.47	0.55	0.29	0.55	0.67	0.68	0.32
Total Stockholder Equity	0.83	-0.21	0.75	0.47		0.92	0.03	-0.33	0.18	0.85	0.22	0.05	0.72	0.03	0.13	0.82	-0.25	0.82	0.25	0.2	-0.34	0.79	-0.16	0.51	0.24	0.75
Property Plant And Equipment Net	0.82	-0.23	0.76	0.51	0.92		-0.15	-0.53	0.15	0.87	-0.08	-0.08	0.8	-0.28	0.16	0.78	-0.23	0.81	0.29	-0.03	-0.29	0.81	-0.1	0.46	0.27	0.74
Net Debt	0.22	0.46	-0.06	0.07	0.03	-0.15		0.18	0.29	0.15	0.45	0.56	-0.19	0.2	0.45	0.11	0.45	-0.11	0.34	0.56	0.11	-0.06	-0.31	0.38	0.32	-0.17
Retained Earnings	-0.2	0.36	-0.08	0.1	-0.33	-0.53	0.18		0.02	-0.29	0.4	0.38	-0.45	0.6	-0.12	-0.19	0.34	-0.42	-0.04	0.42	0.29	-0.61	0.32	-0.07	-0.03	-0.06
Cash	0.4	0.5	0.21	0.56	0.18	0.15	0.29	0.02		0.34	0.57	0.47	-0.26	-0.01	0.25	-0.01	0.38	0.23	0.51	0.6	0.54	0.19	0.22	0.47	0.42	-0.17
Non Current Assets Total	0.99	0.24	0.7	0.74	0.85	0.87	0.15	-0.29	0.34		0.09	0.4	0.64	-0.11	0.52	0.89	0.23	0.7	0.67	0.36	0.08	0.7	0.18	0.74	0.66	0.66
Cash And Short Term Investments	0.2	0.24	0.04	0.17	0.22	-0.08	0.45	0.4	0.57	0.09		0.45	-0.3	0.75	0.04	0.04	0.05	0.03	0.14	0.79	0.14	0.09	-0.01	0.34	0.06	-0.09
Net Receivables	0.5	0.91	0.03	0.59	0.05	-0.08	0.56	0.38	0.47	0.4	0.45		-0.19	0.39	0.72	0.32	0.84	-0.09	0.84	0.88	0.73	0.02	0.57	0.7	0.83	-0.07
Common Stock Shares Outstanding	0.57	-0.37	0.6	0.2	0.72	0.8	-0.19	-0.45	-0.26	0.64	-0.3	-0.19		-0.27	0.14	0.7	-0.28	0.61	0.17	-0.21	-0.5	0.72	-0.18	0.26	0.22	0.72
Short Term Investments	-0.01	0.18	-0.15	-0.05	0.03	-0.28	0.2	0.6	-0.01	-0.11	0.75	0.39	-0.27		0.0	0.06	0.01	-0.22	-0.02	0.62	0.07	-0.13	0.21	0.13	-0.05	-0.04
Non Current Liabilities Total	0.56	0.7	-0.11	0.3	0.13	0.16	0.45	-0.12	0.25	0.52	0.04	0.72	0.14	0.0		0.52	0.74	-0.03	0.83	0.52	0.43	0.2	0.37	0.56	0.85	0.07
Inventory	0.88	0.08	0.54	0.47	0.82	0.78	0.11	-0.19	-0.01	0.89	0.04	0.32	0.7	0.06	0.52		0.11	0.51	0.51	0.3	-0.14	0.65	0.08	0.63	0.53	0.83
Other Current Assets	0.29	0.95	-0.11	0.48	-0.25	-0.23	0.45	0.34	0.38	0.23	0.05	0.84	-0.28	0.01	0.74	0.11		-0.2	0.79	0.59	0.8	-0.25	0.61	0.47	0.8	-0.2
Other Stockholder Equity	0.66	-0.21	0.74	0.48	0.82	0.81	-0.11	-0.42	0.23	0.7	0.03	-0.09	0.61	-0.22	-0.03	0.51	-0.2		0.18	0.01	-0.23	0.68	-0.1	0.38	0.17	0.49
Total Liab	0.71	0.81	0.21	0.71	0.25	0.29	0.34	-0.04	0.51	0.67	0.14	0.84	0.17	-0.02	0.83	0.51	0.79	0.18		0.66	0.67	0.35	0.58	0.81	0.98	0.1
Total Current Assets	0.48	0.7	0.04	0.47	0.2	-0.03	0.56	0.42	0.6	0.36	0.79	0.88	-0.21	0.62	0.52	0.3	0.59	0.01	0.66		0.54	0.15	0.38	0.69	0.61	-0.04
Short Term Debt	0.14	0.88	-0.19	0.55	-0.34	-0.29	0.11	0.29	0.54	0.08	0.14	0.73	-0.5	0.07	0.43	-0.14	0.8	-0.23	0.67	0.54		-0.22	0.8	0.42	0.61	-0.42
Common Stock	0.67	-0.22	0.43	0.29	0.79	0.81	-0.06	-0.61	0.19	0.7	0.09	0.02	0.72	-0.13	0.2	0.65	-0.25	0.68	0.35	0.15	-0.22		-0.15	0.62	0.31	0.47
Non Currrent Assets Other	0.22	0.68	0.0	0.55	-0.16	-0.1	-0.31	0.32	0.22	0.18	-0.01	0.57	-0.18	0.21	0.37	0.08	0.61	-0.1	0.58	0.38	0.8	-0.15		0.27	0.58	-0.11
Accounts Payable	0.78	0.51	0.32	0.67	0.51	0.46	0.38	-0.07	0.47	0.74	0.34	0.7	0.26	0.13	0.56	0.63	0.47	0.38	0.81	0.69	0.42	0.62	0.27		0.74	0.31
Good Will	0.69	0.79	0.23	0.68	0.24	0.27	0.32	-0.03	0.42	0.66	0.06	0.83	0.22	-0.05	0.85	0.53	0.8	0.17	0.98	0.61	0.61	0.31	0.58	0.74		0.14
Intangible Assets	0.62	-0.3	0.64	0.32	0.75	0.74	-0.17	-0.06	-0.17	0.66	-0.09	-0.07	0.72	-0.04	0.07	0.83	-0.2	0.49	0.1	-0.04	-0.42	0.47	-0.11	0.31	0.14

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Fortis Healthcare Account Relationship Matchups

Fortis Healthcare fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	111.5B	118.8B	124.3B	132.9B	152.8B	160.5B
Short Long Term Debt Total	15.3B	12.5B	9.3B	11.6B	13.3B	16.6B
Other Current Liab	2.9B	166.7M	4.7B	21.5B	24.7B	25.9B
Total Current Liabilities	12.3B	12.7B	14.3B	31.7B	36.5B	38.3B
Total Stockholder Equity	61.2B	61.8B	72.4B	76.6B	88.1B	92.5B
Property Plant And Equipment Net	51.8B	51.4B	50.8B	58.3B	67.0B	70.4B
Net Debt	12.7B	11.1B	7.8B	9.2B	10.6B	13.2B
Retained Earnings	(21.8B)	(16.3B)	(10.1B)	(1.5B)	(1.3B)	(1.4B)
Cash	2.6B	1.4B	1.4B	2.4B	2.7B	2.7B
Non Current Assets Total	101.2B	107.5B	110.3B	118.7B	136.5B	143.3B
Cash And Short Term Investments	4.2B	4.1B	3.9B	6.0B	6.9B	5.9B
Net Receivables	4.6B	5.9B	5.8B	6.4B	7.4B	5.7B
Short Term Investments	1.6B	2.7B	2.5B	3.7B	4.2B	3.4B
Liabilities And Stockholders Equity	111.5B	118.8B	124.3B	132.9B	152.8B	160.5B
Non Current Liabilities Total	32.0B	36.1B	29.1B	15.6B	18.0B	18.4B
Inventory	767.6M	1.2B	1.2B	1.1B	1.2B	1.3B
Other Current Assets	858.4M	81.5M	3.4B	850.5M	978.0M	929.1M
Total Liab	44.4B	48.8B	43.3B	47.3B	54.4B	33.0B
Total Current Assets	10.4B	11.3B	14.1B	14.2B	16.3B	12.0B
Accumulated Other Comprehensive Income	3.3B	2.8B	2.8B	2.9B	2.6B	2.7B
Short Term Debt	3.3B	2.2B	1.7B	1.7B	1.5B	1.4B
Non Currrent Assets Other	6.0B	6.7B	8.2B	11.9B	13.7B	12.4B
Accounts Payable	5.5B	6.6B	7.1B	7.3B	8.4B	5.2B
Good Will	37.2B	41.2B	41.4B	41.9B	48.2B	29.2B
Intangible Assets	637.8M	3.4B	4.4B	4.1B	4.8B	5.0B
Current Deferred Revenue	3.5B	3.7B	3.8B	856.2M	984.6M	935.4M
Other Liab	4.0B	20.0B	25.7B	21.5B	24.8B	26.0B
Net Tangible Assets	28.6B	23.3B	17.1B	26.7B	30.7B	24.6B
Other Assets	9.7B	10.4B	4.3B	(1.0)	(0.9)	(0.85)
Long Term Debt	9.7B	7.8B	5.7B	7.4B	6.7B	7.5B
Short Long Term Debt	1.8B	1.9B	1.3B	1.2B	1.1B	1.0B
Property Plant Equipment	52.1B	51.8B	51.4B	50.8B	58.4B	41.3B
Long Term Debt Total	11.7B	12.0B	10.3B	7.5B	6.8B	7.9B
Capital Lease Obligations	2.6B	2.9B	2.2B	3.0B	3.4B	2.0B
Cash And Equivalents	1.8B	2.6B	1.4B	3.6B	3.3B	2.8B

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Other Information on Investing in Fortis Stock

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

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Fortis Non Current Assets Total vs Total Assets Analysis

Non Current Assets Total vs Total Assets

Non Current Assets Total vs Total Assets Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Assets

Fortis Healthcare fundamental ratios Correlations

Fortis Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortis Healthcare fundamental ratios Accounts

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Other Information on Investing in Fortis Stock

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Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.98	Total Liab
Other Current Assets	+ 0.95	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.92	Total Stockholder Equity
Net Receivables	+ 0.91	Short Long Term Debt Total
Inventory	+ 0.89	Non Current Assets Total

Common Stock	- 0.61	Retained Earnings
Retained Earnings	- 0.53	Property Plant And Equipment Net
Short Term Debt	- 0.5	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.45	Retained Earnings
Intangible Assets	- 0.42	Short Term Debt
Other Stockholder Equity	- 0.42	Retained Earnings