GoHealth Historical Balance Sheet

GOCO Stock

USD 11.90 0.40 3.48%

Trend analysis of GoHealth balance sheet accounts such as Other Current Liabilities of 50.9 M or Total Current Liabilities of 209.2 M provides information on GoHealth's total assets, liabilities, and equity, which is the actual value of GoHealth to its prevalent stockholders. By breaking down trends over time using GoHealth 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.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining GoHealth 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 GoHealth is a good buy for the upcoming year.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.

About GoHealth Balance Sheet Analysis

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

GoHealth Balance Sheet Chart

At this time, GoHealth's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 25th of November 2024, Non Current Liabilities Total is likely to grow to about 720.3 M, while Short and Long Term Debt Total is likely to drop about 466.3 M.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Capital Lease Obligations Long Term Debt

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Total Assets

Total assets refers to the total amount of GoHealth 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 GoHealth 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 Current Liabilities

Total Current Liabilities is an item on GoHealth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of GoHealth 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.

Capital Lease Obligations

GoHealth capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to GoHealth asset purchases. For example, GoHealth can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as GoHealth control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Long Term Debt

Long-term debt is a debt that GoHealth has held for over one year. Long-term debt appears on GoHealth 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 GoHealth 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 accounts from GoHealth's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into GoHealth 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.At this time, GoHealth's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 25th of November 2024, Non Current Liabilities Total is likely to grow to about 720.3 M, while Short and Long Term Debt Total is likely to drop about 466.3 M.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	696.3M	557.4M	592.4M	466.3M
Total Assets	2.1B	1.7B	1.5B	1.7B

Short Long Term Debt Total Total Assets

GoHealth balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.94	0.76	0.77	0.89	-0.47	-0.57	0.69	0.54	0.91	-0.33	0.9	0.82	0.99	0.93	0.92	0.82	0.62	0.25	-0.99	0.94	0.94	0.58	0.87	0.93	0.92
Short Long Term Debt Total	0.94		0.9	0.91	0.77	-0.46	-0.32	0.89	0.66	0.99	-0.5	0.99	0.76	0.91	0.97	0.99	0.76	0.73	0.08	-0.91	1.0	0.98	0.38	0.96	1.0	0.99
Other Current Liab	0.76	0.9		0.99	0.58	-0.51	-0.14	0.91	0.79	0.89	-0.65	0.92	0.69	0.7	0.81	0.89	0.69	0.86	-0.05	-0.74	0.91	0.81	0.26	0.87	0.89	0.91
Total Current Liabilities	0.77	0.91	0.99		0.61	-0.47	-0.1	0.93	0.83	0.92	-0.7	0.94	0.63	0.71	0.82	0.89	0.63	0.85	-0.02	-0.76	0.91	0.84	0.22	0.89	0.91	0.93
Total Stockholder Equity	0.89	0.77	0.58	0.61		-0.12	-0.48	0.42	0.5	0.77	-0.41	0.72	0.57	0.92	0.7	0.69	0.57	0.48	0.66	-0.94	0.77	0.82	0.37	0.59	0.76	0.78
Other Liab	-0.47	-0.46	-0.51	-0.47	-0.12		0.55	-0.46	-0.4	-0.37	-0.03	-0.46	-0.77	-0.42	-0.51	-0.53	-0.77	-0.59	0.56	0.4	-0.45	-0.34	-0.77	-0.61	-0.43	-0.4
Net Tangible Assets	-0.57	-0.32	-0.14	-0.1	-0.48	0.55		0.03	0.1	-0.21	-0.46	-0.24	-0.75	-0.6	-0.38	-0.35	-0.75	-0.05	-0.15	0.55	-0.34	-0.28	-0.95	-0.31	-0.28	-0.23
Property Plant And Equipment Net	0.69	0.89	0.91	0.93	0.42	-0.46	0.03		0.71	0.9	-0.59	0.93	0.56	0.62	0.86	0.9	0.56	0.74	-0.27	-0.63	0.88	0.84	0.13	0.93	0.9	0.9
Current Deferred Revenue	0.54	0.66	0.79	0.83	0.5	-0.4	0.1	0.71		0.69	-0.88	0.72	0.32	0.49	0.53	0.59	0.32	0.88	0.03	-0.58	0.64	0.61	0.05	0.64	0.66	0.71
Net Debt	0.91	0.99	0.89	0.92	0.77	-0.37	-0.21	0.9	0.69		-0.57	0.99	0.67	0.88	0.96	0.97	0.67	0.72	0.11	-0.89	0.99	0.98	0.27	0.94	1.0	1.0
Retained Earnings	-0.33	-0.5	-0.65	-0.7	-0.41	-0.03	-0.46	-0.59	-0.88	-0.57		-0.56	0.01	-0.29	-0.34	-0.4	0.01	-0.75	-0.22	0.39	-0.48	-0.5	0.39	-0.4	-0.51	-0.59
Accounts Payable	0.9	0.99	0.92	0.94	0.72	-0.46	-0.24	0.93	0.72	0.99	-0.56		0.71	0.86	0.96	0.98	0.71	0.75	0.02	-0.87	0.99	0.97	0.33	0.97	0.99	0.99
Cash	0.82	0.76	0.69	0.63	0.57	-0.77	-0.75	0.56	0.32	0.67	0.01	0.71		0.79	0.78	0.8	1.0	0.59	-0.11	-0.76	0.77	0.67	0.81	0.76	0.73	0.69
Non Current Assets Total	0.99	0.91	0.7	0.71	0.92	-0.42	-0.6	0.62	0.49	0.88	-0.29	0.86	0.79		0.9	0.88	0.79	0.57	0.33	-0.99	0.91	0.92	0.58	0.82	0.9	0.88
Non Currrent Assets Other	0.93	0.97	0.81	0.82	0.7	-0.51	-0.38	0.86	0.53	0.96	-0.34	0.96	0.78	0.9		0.99	0.78	0.63	-0.03	-0.88	0.97	0.97	0.45	0.97	0.98	0.95
Other Assets	0.92	0.99	0.89	0.89	0.69	-0.53	-0.35	0.9	0.59	0.97	-0.4	0.98	0.8	0.88	0.99		0.8	0.7	-0.04	-0.87	0.99	0.95	0.43	0.97	0.99	0.97
Cash And Short Term Investments	0.82	0.76	0.69	0.63	0.57	-0.77	-0.75	0.56	0.32	0.67	0.01	0.71	1.0	0.79	0.78	0.8		0.59	-0.11	-0.76	0.77	0.67	0.81	0.76	0.73	0.69
Net Receivables	0.62	0.73	0.86	0.85	0.48	-0.59	-0.05	0.74	0.88	0.72	-0.75	0.75	0.59	0.57	0.63	0.7	0.59		-0.09	-0.63	0.72	0.65	0.2	0.7	0.71	0.75
Common Stock Total Equity	0.25	0.08	-0.05	-0.02	0.66	0.56	-0.15	-0.27	0.03	0.11	-0.22	0.02	-0.11	0.33	-0.03	-0.04	-0.11	-0.09		-0.38	0.09	0.18	-0.11	-0.19	0.07	0.12
Common Stock Shares Outstanding	-0.99	-0.91	-0.74	-0.76	-0.94	0.4	0.55	-0.63	-0.58	-0.89	0.39	-0.87	-0.76	-0.99	-0.88	-0.87	-0.76	-0.63	-0.38		-0.91	-0.92	-0.53	-0.8	-0.9	-0.9
Long Term Debt Total	0.94	1.0	0.91	0.91	0.77	-0.45	-0.34	0.88	0.64	0.99	-0.48	0.99	0.77	0.91	0.97	0.99	0.77	0.72	0.09	-0.91		0.97	0.39	0.95	1.0	0.99
Non Current Liabilities Total	0.94	0.98	0.81	0.84	0.82	-0.34	-0.28	0.84	0.61	0.98	-0.5	0.97	0.67	0.92	0.97	0.95	0.67	0.65	0.18	-0.92	0.97		0.31	0.91	0.99	0.98
Capital Lease Obligations	0.58	0.38	0.26	0.22	0.37	-0.77	-0.95	0.13	0.05	0.27	0.39	0.33	0.81	0.58	0.45	0.43	0.81	0.2	-0.11	-0.53	0.39	0.31		0.45	0.35	0.29
Other Current Assets	0.87	0.96	0.87	0.89	0.59	-0.61	-0.31	0.93	0.64	0.94	-0.4	0.97	0.76	0.82	0.97	0.97	0.76	0.7	-0.19	-0.8	0.95	0.91	0.45		0.96	0.94
Other Stockholder Equity	0.93	1.0	0.89	0.91	0.76	-0.43	-0.28	0.9	0.66	1.0	-0.51	0.99	0.73	0.9	0.98	0.99	0.73	0.71	0.07	-0.9	1.0	0.99	0.35	0.96		0.99
Total Liab	0.92	0.99	0.91	0.93	0.78	-0.4	-0.23	0.9	0.71	1.0	-0.59	0.99	0.69	0.88	0.95	0.97	0.69	0.75	0.12	-0.9	0.99	0.98	0.29	0.94	0.99

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GoHealth Account Relationship Matchups

GoHealth balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6B	2.1B	2.1B	1.7B	1.5B	1.7B
Short Long Term Debt Total	291.7M	400.6M	696.3M	557.4M	592.4M	466.3M
Other Current Liab	25.3M	35.3M	55.0M	54.5M	94.6M	50.9M
Total Current Liabilities	113.1M	127.4M	217.1M	265.5M	370.0M	209.2M
Total Stockholder Equity	860.1M	378.8M	353.1M	318.1M	231.0M	358.3M
Other Liab	340.9M	185.8M	274.4M	259.0M	233.1M	214.6M
Net Tangible Assets	(309.2M)	(694.9M)	(241.6M)	(182.6M)	(209.9M)	(220.4M)
Property Plant And Equipment Net	6.3M	17.4M	47.7M	46.8M	48.8M	32.8M
Current Deferred Revenue	15.2M	736K	536K	50.6M	52.4M	55.0M
Net Debt	279.4M	256.3M	611.9M	541.0M	501.5M	402.4M
Retained Earnings	(312.6M)	(18.8M)	(208.3M)	(357.0M)	(420.3M)	(399.3M)
Accounts Payable	69.6M	87.2M	144.0M	137.2M	136.4M	110.6M
Cash	12.3M	144.2M	84.4M	16.5M	90.8M	63.9M
Non Current Assets Total	1.5B	1.7B	1.6B	1.2B	1.0B	1.3B
Non Currrent Assets Other	282.9M	624.3M	997.5M	697.4M	577.7M	597.1M
Other Assets	282.9M	624.3M	997.5M	697.4M	802.0M	589.4M
Cash And Short Term Investments	12.3M	144.2M	84.4M	16.5M	90.8M	63.9M
Net Receivables	125.5M	205.7M	285.9M	340.5M	911.9M	957.5M
Common Stock Shares Outstanding	5.6M	5.6M	7.1M	8.4M	9.3M	7.6M
Long Term Debt Total	288.7M	396.4M	665.1M	504.8M	580.5M	408.1M
Liabilities And Stockholders Equity	1.6B	2.1B	2.1B	1.7B	1.5B	1.7B
Non Current Liabilities Total	629.1M	582.3M	959.3M	802.1M	674.6M	720.3M
Capital Lease Obligations	421K	396.4M	25.9M	47.3M	45.3M	68.7M
Other Current Assets	6.0M	41.9M	58.7M	57.6M	49.2M	40.0M
Other Stockholder Equity	312.6M	399.2M	769.8M	625.9M	602.1M	500.4M
Total Liab	742.2M	709.6M	1.2B	1.1B	1.1B	938.5M
Net Invested Capital	603.8M	781.0M	1.0B	778.8M	728.7M	684.6M
Total Current Assets	143.8M	391.8M	429.0M	414.6M	476.4M	350.1M
Accumulated Other Comprehensive Income	(17K)	(18.8M)	(208.4M)	(144K)	(127K)	(133.4K)
Non Current Liabilities Other	242.7M	3.3M	294.2M	297.3M	9.1M	8.6M
Net Working Capital	30.7M	264.5M	211.9M	149.1M	106.4M	140.9M
Short Term Debt	3M	4.2M	17.5M	23.2M	86.6M	90.9M
Property Plant Equipment	6.3M	17.4M	47.7M	46.8M	53.8M	28.6M

Pair Trading with GoHealth

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 GoHealth 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 GoHealth will appreciate offsetting losses from the drop in the long position's value.

Moving together with GoHealth Stock

0.89	EHTH	eHealth	Pair Corr
0.83	AON	Aon PLC	Pair Corr
0.67	BRO	Brown Brown Fiscal Year End 27th of January 2025	Pair Corr

Moving against GoHealth Stock

0.78	ERIE	Erie Indemnity	Pair Corr
0.68	RELI	Reliance Global Group	Pair Corr
0.58	MMC	Marsh McLennan Companies Fiscal Year End 23rd of January 2025	Pair Corr
0.51	ZBAO	Zhibao Technology Class	Pair Corr
0.48	SLQT	Selectquote Buyout Trend	Pair Corr

The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth 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 GoHealth - 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 GoHealth to buy it.

The correlation of GoHealth 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 GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth 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 GoHealth 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.

Pair Correlation Correlation Matching

When determining whether GoHealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoHealth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gohealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gohealth Stock:

How To Invest In GoHealth

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Is GoHealth Stock a good investment?

Details

What is GoHealth's Net Worth?

Details

Largest Property & Casualty Insurance Companies

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Largest Insurance Brokers Companies

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To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Is Property & Casualty Insurance 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 GoHealth. If investors know GoHealth 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 GoHealth 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

4.241

Earnings Share

(3.29)

Revenue Per Share

69.776

Quarterly Revenue Growth

(0.10)

Return On Assets

(0.03)

The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth'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 GoHealth's market value can be influenced by many factors that don't directly affect GoHealth'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 GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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GoHealth Historical Balance Sheet

About GoHealth Balance Sheet Analysis

GoHealth Balance Sheet Chart

Total Assets

Total Current Liabilities

Capital Lease Obligations

Long Term Debt

GoHealth balance sheet Correlations

GoHealth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoHealth balance sheet Accounts

Pair Trading with GoHealth

Moving together with GoHealth Stock

Moving against GoHealth Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 1.0	Long Term Debt Total

Common Stock Shares Outstanding	- 0.99	Non Current Assets Total
Common Stock Shares Outstanding	- 0.99	Total Assets
Capital Lease Obligations	- 0.95	Net Tangible Assets
Common Stock Shares Outstanding	- 0.94	Total Stockholder Equity
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Long Term Debt Total	- 0.91	Common Stock Shares Outstanding