Fortis Short Term Debt vs Long Term Debt Analysis

FORTIS Stock

659.20 9.05 1.39%

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 Short Term Debt and its Long Term Debt 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.

Short Term Debt vs Long Term Debt

Short Term Debt vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Healthcare Short Term Debt account and Long Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Fortis Healthcare's Short Term Debt and Long Term Debt is 0.32. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Long Term Debt 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 Short Term Debt and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Fortis Healthcare Limited are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Debt i.e., Fortis Healthcare's Short Term Debt and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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Short Term Debt

Long Term Debt

Long-term debt is a debt that Fortis Healthcare has held for over one year. Long-term debt appears on Fortis Healthcare Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Fortis Healthcare Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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.

As of December 2, 2024, Selling General Administrative is expected to decline to about 1.2 B. In addition to that, Discontinued Operations is expected to decline to about 17.6 M

	2021	2022	2023	2024 (projected)
Gross Profit	42.2B	35.3B	23.5B	17.4B
Total Revenue	56.4B	63.0B	68.9B	72.4B

Gross Profit Total Revenue

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		0.47	0.25	0.61	0.77	0.61	0.29	-0.3	0.48	0.99	0.22	0.59	0.42	-0.03	0.69	0.84	0.22	0.36	0.84	0.59	0.39	0.76	0.27	0.88	0.8	0.3
Short Long Term Debt Total	0.47		0.42	0.65	-0.15	-0.2	0.46	0.37	0.5	0.38	0.25	0.95	-0.36	0.18	0.7	0.18	0.55	-0.06	0.84	0.72	0.84	-0.19	0.69	0.58	0.83	-0.29
Other Current Liab	0.25	0.42		0.68	-0.09	0.26	-0.37	0.26	0.11	0.25	-0.17	0.38	0.25	0.01	0.24	0.14	0.72	0.18	0.46	0.14	0.18	-0.06	0.78	0.26	0.47	0.35
Total Current Liabilities	0.61	0.65	0.68		0.22	0.4	0.11	0.07	0.62	0.58	0.16	0.64	0.08	-0.07	0.35	0.25	0.51	0.31	0.74	0.5	0.63	0.23	0.59	0.7	0.7	0.15
Total Stockholder Equity	0.77	-0.15	-0.09	0.22		0.74	0.09	-0.5	0.25	0.8	0.26	0.06	0.62	0.02	0.23	0.76	-0.22	0.48	0.31	0.29	-0.1	0.95	-0.18	0.57	0.28	0.43
Property Plant And Equipment Net	0.61	-0.2	0.26	0.4	0.74		-0.14	-0.64	0.18	0.69	-0.11	-0.15	0.76	-0.35	0.21	0.57	-0.04	0.5	0.28	-0.06	-0.25	0.83	-0.11	0.43	0.25	0.65
Net Debt	0.29	0.46	-0.37	0.11	0.09	-0.14		0.19	0.29	0.22	0.46	0.46	-0.19	0.2	0.45	0.18	-0.35	0.05	0.36	0.57	0.41	-0.03	-0.31	0.41	0.34	-0.16
Retained Earnings	-0.3	0.37	0.26	0.07	-0.5	-0.64	0.19		0.02	-0.41	0.4	0.4	-0.48	0.6	-0.12	-0.3	0.18	-0.16	-0.05	0.41	0.29	-0.69	0.33	-0.08	-0.04	-0.12
Cash	0.48	0.5	0.11	0.62	0.25	0.18	0.29	0.02		0.41	0.57	0.5	-0.28	-0.01	0.25	0.01	0.04	0.43	0.52	0.61	0.69	0.21	0.22	0.49	0.43	-0.19
Non Current Assets Total	0.99	0.38	0.25	0.58	0.8	0.69	0.22	-0.41	0.41		0.1	0.49	0.51	-0.14	0.66	0.85	0.21	0.34	0.8	0.46	0.31	0.81	0.22	0.84	0.76	0.34
Cash And Short Term Investments	0.22	0.25	-0.17	0.16	0.26	-0.11	0.46	0.4	0.57	0.1		0.39	-0.36	0.75	0.04	0.04	-0.24	0.41	0.13	0.79	0.36	0.07	-0.01	0.33	0.05	-0.14
Net Receivables	0.59	0.95	0.38	0.64	0.06	-0.15	0.46	0.4	0.5	0.49	0.39		-0.28	0.34	0.69	0.36	0.49	0.01	0.85	0.85	0.82	-0.03	0.67	0.68	0.84	-0.18
Common Stock Shares Outstanding	0.42	-0.36	0.25	0.08	0.62	0.76	-0.19	-0.48	-0.28	0.51	-0.36	-0.28		-0.31	0.13	0.58	-0.16	0.23	0.1	-0.28	-0.57	0.64	-0.2	0.14	0.15	0.69
Short Term Investments	-0.03	0.18	0.01	-0.07	0.02	-0.35	0.2	0.6	-0.01	-0.14	0.75	0.34	-0.31		0.0	0.06	0.02	0.11	-0.03	0.62	0.1	-0.16	0.21	0.11	-0.06	-0.08
Non Current Liabilities Total	0.69	0.7	0.24	0.35	0.23	0.21	0.45	-0.12	0.25	0.66	0.04	0.69	0.13	0.0		0.65	0.3	0.04	0.86	0.53	0.39	0.24	0.37	0.6	0.87	0.12
Inventory	0.84	0.18	0.14	0.25	0.76	0.57	0.18	-0.3	0.01	0.85	0.04	0.36	0.58	0.06	0.65		0.13	0.2	0.6	0.38	0.01	0.73	0.11	0.71	0.6	0.57
Other Current Assets	0.22	0.55	0.72	0.51	-0.22	-0.04	-0.35	0.18	0.04	0.21	-0.24	0.49	-0.16	0.02	0.3	0.13		-0.04	0.49	0.17	0.46	-0.12	0.86	0.36	0.47	-0.04
Other Stockholder Equity	0.36	-0.06	0.18	0.31	0.48	0.5	0.05	-0.16	0.43	0.34	0.41	0.01	0.23	0.11	0.04	0.2	-0.04		0.14	0.31	0.05	0.44	-0.09	0.38	0.09	0.37
Total Liab	0.84	0.84	0.46	0.74	0.31	0.28	0.36	-0.05	0.52	0.8	0.13	0.85	0.1	-0.03	0.86	0.6	0.49	0.14		0.65	0.67	0.32	0.58	0.81	0.98	0.05
Total Current Assets	0.59	0.72	0.14	0.5	0.29	-0.06	0.57	0.41	0.61	0.46	0.79	0.85	-0.28	0.62	0.53	0.38	0.17	0.31	0.65		0.67	0.12	0.38	0.7	0.61	-0.08
Short Term Debt	0.39	0.84	0.18	0.63	-0.1	-0.25	0.41	0.29	0.69	0.31	0.36	0.82	-0.57	0.1	0.39	0.01	0.46	0.05	0.67	0.67		-0.11	0.51	0.61	0.59	-0.45
Common Stock	0.76	-0.19	-0.06	0.23	0.95	0.83	-0.03	-0.69	0.21	0.81	0.07	-0.03	0.64	-0.16	0.24	0.73	-0.12	0.44	0.32	0.12	-0.11		-0.16	0.55	0.27	0.41
Non Currrent Assets Other	0.27	0.69	0.78	0.59	-0.18	-0.11	-0.31	0.33	0.22	0.22	-0.01	0.67	-0.2	0.21	0.37	0.11	0.86	-0.09	0.58	0.38	0.51	-0.16		0.31	0.59	-0.13
Accounts Payable	0.88	0.58	0.26	0.7	0.57	0.43	0.41	-0.08	0.49	0.84	0.33	0.68	0.14	0.11	0.6	0.71	0.36	0.38	0.81	0.7	0.61	0.55	0.31		0.74	0.24
Good Will	0.8	0.83	0.47	0.7	0.28	0.25	0.34	-0.04	0.43	0.76	0.05	0.84	0.15	-0.06	0.87	0.6	0.47	0.09	0.98	0.61	0.59	0.27	0.59	0.74		0.09
Intangible Assets	0.3	-0.29	0.35	0.15	0.43	0.65	-0.16	-0.12	-0.19	0.34	-0.14	-0.18	0.69	-0.08	0.12	0.57	-0.04	0.37	0.05	-0.08	-0.45	0.41	-0.13	0.24	0.09

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Fortis Healthcare Account Relationship Matchups

Fortis Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	113.5B	111.5B	118.8B	124.3B	132.9B	76.0B
Short Long Term Debt Total	15.9B	15.3B	12.5B	9.3B	11.6B	16.6B
Other Current Liab	20.4M	2.9B	166.7M	4.7B	21.5B	22.6B
Total Current Liabilities	25.8B	12.3B	12.7B	14.3B	31.7B	33.3B
Total Stockholder Equity	66.6B	61.2B	61.8B	72.4B	76.6B	38.6B
Property Plant And Equipment Net	52.1B	51.8B	51.4B	50.8B	58.3B	61.2B
Net Debt	14.1B	12.7B	11.1B	7.8B	9.2B	13.2B
Retained Earnings	(16.4B)	(21.8B)	(16.3B)	(10.1B)	(1.5B)	(1.5B)
Cash	1.8B	2.6B	1.4B	1.4B	2.4B	2.7B
Non Current Assets Total	104.1B	101.2B	107.5B	110.3B	118.7B	64.0B
Cash And Short Term Investments	2.7B	4.2B	4.1B	3.9B	6.0B	5.9B
Net Receivables	5.7B	4.6B	5.9B	5.8B	6.4B	4.7B
Short Term Investments	839.0M	1.6B	2.7B	2.5B	3.7B	3.4B
Liabilities And Stockholders Equity	113.5B	111.5B	118.8B	124.3B	132.9B	76.0B
Non Current Liabilities Total	15.6B	32.0B	36.1B	29.1B	15.6B	18.4B
Inventory	781.8M	767.6M	1.2B	1.2B	1.1B	553.2M
Other Current Assets	290.0M	858.4M	81.5M	3.4B	850.5M	1.3B
Other Stockholder Equity	83.2B	4.4B	72.2B	8.7B	67.7B	71.0B
Total Liab	41.4B	44.4B	48.8B	43.3B	47.3B	33.0B
Total Current Assets	9.4B	10.4B	11.3B	14.1B	14.2B	12.0B
Accumulated Other Comprehensive Income	(9.5B)	3.3B	2.8B	2.8B	2.9B	3.0B
Short Term Debt	4.3B	3.3B	2.2B	1.7B	1.7B	1.6B
Non Currrent Assets Other	8.3B	6.0B	6.7B	8.2B	11.9B	12.4B
Accounts Payable	6.0B	5.5B	6.6B	7.1B	7.3B	5.5B
Intangible Assets	759.7M	637.8M	3.4B	4.4B	4.1B	4.3B
Current Deferred Revenue	15.5B	3.5B	3.7B	3.8B	856.2M	813.4M
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	12.3B	9.7B	10.4B	4.3B	(1.0)	(0.95)
Long Term Debt	9.5B	9.7B	7.8B	5.7B	7.4B	7.5B
Short Long Term Debt	4.0B	1.8B	1.9B	1.3B	1.2B	1.1B
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	2.4B	2.6B	2.9B	2.2B	3.0B	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 Short Term Debt vs Long Term Debt Analysis

Short Term Debt vs Long Term Debt

Short Term Debt vs Long Term Debt Correlation Analysis

Correlation Coefficient

Short Term Debt

Long Term Debt

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.98	Total Liab
Net Receivables	+ 0.95	Short Long Term Debt Total
Common Stock	+ 0.95	Total Stockholder Equity
Accounts Payable	+ 0.88	Total Assets
Good Will	+ 0.87	Non Current Liabilities Total

Common Stock	- 0.69	Retained Earnings
Retained Earnings	- 0.64	Property Plant And Equipment Net
Short Term Debt	- 0.57	Common Stock Shares Outstanding
Retained Earnings	- 0.5	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.48	Retained Earnings
Intangible Assets	- 0.45	Short Term Debt