Health Short Term Investments vs Cash Analysis

HPP Stock

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Health financial indicator trend analysis is much more than just examining Health and Plant latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Health and Plant is a good investment. Please check the relationship between Health Short Term Investments and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Health and Plant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Term Investments vs Cash

Short Term Investments vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Health and Plant Short Term Investments account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Health's Short Term Investments and Cash is 0.69. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Health and Plant, assuming nothing else is changed. The correlation between historical values of Health's Short Term Investments and Cash 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 Investments of Health and Plant are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Term Investments i.e., Health's Short Term Investments and Cash go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Health balance sheet. It contains any investments Health and Plant undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Health and Plant can easily liquidate in the marketplace.

Cash

Cash refers to the most liquid asset of Health and Plant, which is listed under current asset account on Health and Plant balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Health customers. The amounts must be unrestricted with restricted cash listed in a different Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Health and Plant 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Health and Plant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Health's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 7.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.5M	3.5M	4.0M	4.2M
Depreciation And Amortization	209K	131K	1.1M	1.6M

Interest Expense Depreciation And Amortization

Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Shares Outstanding	Intangible Assets	Good Will	Short Term Investments
Total Assets		0.37	0.89	0.86	0.97	0.22	0.56	0.82	0.47	0.73	0.41	0.96	0.35	0.41	0.51	0.67	0.97	0.4	0.98	0.96	0.64	-0.16	-0.45	0.16	0.3	0.59
Short Long Term Debt Total	0.37		0.27	0.43	0.25	0.6	0.4	0.48	-0.33	0.26	0.17	0.28	-0.19	0.14	0.05	0.25	0.37	0.45	0.44	0.42	0.44	0.52	0.36	-0.17	0.09	0.12
Other Current Liab	0.89	0.27		0.75	0.88	0.27	0.67	0.73	0.52	0.57	0.24	0.86	0.27	0.25	0.56	0.61	0.87	0.33	0.87	0.86	0.51	-0.24	-0.5	0.18	0.51	0.33
Total Current Liabilities	0.86	0.43	0.75		0.8	-0.02	0.55	0.73	0.49	0.69	0.45	0.76	0.49	0.44	0.5	0.25	0.82	0.53	0.87	0.89	0.93	-0.23	-0.51	0.06	0.34	0.54
Total Stockholder Equity	0.97	0.25	0.88	0.8		0.22	0.61	0.68	0.58	0.78	0.48	0.94	0.44	0.5	0.62	0.62	0.94	0.21	0.91	0.93	0.54	-0.23	-0.54	0.04	0.38	0.67
Property Plant And Equipment Net	0.22	0.6	0.27	-0.02	0.22		0.38	0.16	-0.45	0.11	0.04	0.26	-0.49	0.06	0.14	0.44	0.2	-0.13	0.21	0.16	-0.15	0.67	0.51	-0.05	0.04	-0.05
Current Deferred Revenue	0.56	0.4	0.67	0.55	0.61	0.38		0.38	0.42	0.48	0.2	0.55	0.46	0.21	0.7	0.15	0.47	0.02	0.49	0.52	0.43	-0.12	-0.33	-0.51	0.76	0.31
Net Debt	0.82	0.48	0.73	0.73	0.68	0.16	0.38		0.2	0.33	-0.01	0.84	0.16	-0.03	0.13	0.68	0.81	0.58	0.89	0.74	0.64	-0.06	-0.2	0.34	0.23	0.15
Retained Earnings	0.47	-0.33	0.52	0.49	0.58	-0.45	0.42	0.2		0.46	0.25	0.44	0.8	0.25	0.57	0.01	0.44	-0.04	0.37	0.47	0.35	-0.9	-0.98	-0.15	0.61	0.47
Accounts Payable	0.73	0.26	0.57	0.69	0.78	0.11	0.48	0.33	0.46		0.54	0.61	0.37	0.54	0.79	0.29	0.69	0.18	0.67	0.79	0.45	-0.1	-0.39	-0.16	0.15	0.82
Cash	0.41	0.17	0.24	0.45	0.48	0.04	0.2	-0.01	0.25	0.54		0.29	0.3	0.99	0.26	-0.01	0.4	-0.05	0.34	0.49	0.38	0.04	-0.26	-0.28	0.1	0.69
Non Current Assets Total	0.96	0.28	0.86	0.76	0.94	0.26	0.55	0.84	0.44	0.61	0.29		0.33	0.3	0.46	0.73	0.92	0.24	0.94	0.85	0.54	-0.16	-0.41	0.21	0.36	0.46
Non Currrent Assets Other	0.35	-0.19	0.27	0.49	0.44	-0.49	0.46	0.16	0.8	0.37	0.3	0.33		0.31	0.38	-0.21	0.32	-0.01	0.26	0.34	0.49	-0.69	-0.78	-0.46	0.51	0.58
Cash And Short Term Investments	0.41	0.14	0.25	0.44	0.5	0.06	0.21	-0.03	0.25	0.54	0.99	0.3	0.31		0.27	0.01	0.41	-0.06	0.33	0.49	0.36	0.04	-0.26	-0.29	0.08	0.71
Net Receivables	0.51	0.05	0.56	0.5	0.62	0.14	0.7	0.13	0.57	0.79	0.26	0.46	0.38	0.27		0.07	0.4	-0.12	0.41	0.51	0.3	-0.27	-0.47	-0.28	0.51	0.48
Non Current Liabilities Total	0.67	0.25	0.61	0.25	0.62	0.44	0.15	0.68	0.01	0.29	-0.01	0.73	-0.21	0.01	0.07		0.7	0.25	0.69	0.56	-0.03	0.17	0.04	0.41	-0.04	0.18
Inventory	0.97	0.37	0.87	0.82	0.94	0.2	0.47	0.81	0.44	0.69	0.4	0.92	0.32	0.41	0.4	0.7		0.41	0.96	0.95	0.59	-0.14	-0.42	0.17	0.24	0.59
Other Current Assets	0.4	0.45	0.33	0.53	0.21	-0.13	0.02	0.58	-0.04	0.18	-0.05	0.24	-0.01	-0.06	-0.12	0.25	0.41		0.52	0.52	0.54	0.04	-0.02	0.27	-0.23	0.13
Total Liab	0.98	0.44	0.87	0.87	0.91	0.21	0.49	0.89	0.37	0.67	0.34	0.94	0.26	0.33	0.41	0.69	0.96	0.52		0.95	0.68	-0.09	-0.36	0.25	0.23	0.5
Total Current Assets	0.96	0.42	0.86	0.89	0.93	0.16	0.52	0.74	0.47	0.79	0.49	0.85	0.34	0.49	0.51	0.56	0.95	0.52	0.95		0.68	-0.15	-0.45	0.1	0.22	0.66
Short Term Debt	0.64	0.44	0.51	0.93	0.54	-0.15	0.43	0.64	0.35	0.45	0.38	0.54	0.49	0.36	0.3	-0.03	0.59	0.54	0.68	0.68		-0.2	-0.41	0.01	0.3	0.36
Common Stock	-0.16	0.52	-0.24	-0.23	-0.23	0.67	-0.12	-0.06	-0.9	-0.1	0.04	-0.16	-0.69	0.04	-0.27	0.17	-0.14	0.04	-0.09	-0.15	-0.2		0.92	-0.01	-0.46	-0.16
Common Stock Shares Outstanding	-0.45	0.36	-0.5	-0.51	-0.54	0.51	-0.33	-0.2	-0.98	-0.39	-0.26	-0.41	-0.78	-0.26	-0.47	0.04	-0.42	-0.02	-0.36	-0.45	-0.41	0.92		0.04	-0.54	-0.42
Intangible Assets	0.16	-0.17	0.18	0.06	0.04	-0.05	-0.51	0.34	-0.15	-0.16	-0.28	0.21	-0.46	-0.29	-0.28	0.41	0.17	0.27	0.25	0.1	0.01	-0.01	0.04		-0.38	-0.35
Good Will	0.3	0.09	0.51	0.34	0.38	0.04	0.76	0.23	0.61	0.15	0.1	0.36	0.51	0.08	0.51	-0.04	0.24	-0.23	0.23	0.22	0.3	-0.46	-0.54	-0.38		-0.01
Short Term Investments	0.59	0.12	0.33	0.54	0.67	-0.05	0.31	0.15	0.47	0.82	0.69	0.46	0.58	0.71	0.48	0.18	0.59	0.13	0.5	0.66	0.36	-0.16	-0.42	-0.35	-0.01

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Health Account Relationship Matchups

Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	73.6M	49.9M	56.1M	8.6M	6.3M	5.9M
Short Long Term Debt Total	22.9M	27.8M	20.2M	21.2M	24.4M	13.8M
Other Current Liab	6.1M	2.3M	2.7M	1.3M	112K	106.4K
Total Current Liabilities	29.2M	23.8M	6.7M	1.3M	112K	106.4K
Total Stockholder Equity	26.4M	20.9M	25.0M	7.3M	6.2M	5.8M
Property Plant And Equipment Net	37.8M	27.3M	25.9M	31.9M	36.6M	21.0M
Net Debt	25.1M	17.5M	17.7M	(3.7M)	(1.3M)	(1.2M)
Retained Earnings	(43.6M)	(52.1M)	(51.5M)	(53.3M)	(54.1M)	(51.4M)
Accounts Payable	7.8M	2.6M	2.3M	2.4M	2.7M	4.3M
Cash	2.7M	2.7M	3.5M	3.7M	1.3M	2.2M
Non Current Assets Total	35.2M	40.6M	29.0M	30.3M	32.6M	0.0
Cash And Short Term Investments	2.7M	2.7M	3.5M	3.7M	1.3M	2.2M
Net Receivables	825K	1.7M	2.2M	4.8M	5.0M	7.5M
Liabilities And Stockholders Equity	73.6M	49.9M	56.1M	8.6M	6.3M	5.9M
Non Current Liabilities Total	18.6M	21.8M	18.0M	5.2M	24.4M	0.0
Inventory	15.7M	27.2M	23.7M	13.7M	16.6M	0.0
Other Current Assets	17.4M	2.2M	1.3M	3K	11K	10.5K
Total Liab	47.2M	29.0M	31.1M	1.3M	112K	106.4K
Total Current Assets	44.6M	19.6M	23.5M	8.6M	6.3M	5.9M
Accumulated Other Comprehensive Income	15.2M	12.4M	15.9M	178K	204.7K	194.5K
Short Term Debt	3.7M	9.4M	17.2M	18.9M	1.6M	0.0
Intangible Assets	2.5M	2.3M	1.7M	1.1M	753K	0.0
Short Term Investments	25K	155K	10K	7K	8.1K	7.6K
Long Term Debt	10.3M	13.4M	10.3M	225K	18.6M	0.0
Long Term Debt Total	10.3M	13.4M	10.6M	1.3M	19.6M	0.0
Property Plant Equipment	32.1M	37.8M	27.3M	25.9M	31.9M	0.0
Other Liab	8.3M	7.4M	3.9M	4.9M	4.4M	5.4M
Net Tangible Assets	24.7M	19.8M	24.3M	7.3M	6.6M	6.2M
Other Stockholder Equity	17.5M	15.2M	12.4M	15.9M	18.3M	15.6M
Net Invested Capital	53.4M	39.6M	45.0M	7.3M	6.2M	5.8M
Short Long Term Debt	9.4M	16.8M	18.4M	1.4M	1.6M	1.5M
Cash And Equivalents	2.7M	2.7M	3.5M	3.7M	3.4M	2.8M
Net Working Capital	15.4M	(4.2M)	16.8M	7.3M	6.2M	9.7M

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