IHC Stock | | | 15.50 0.25 1.59% |
Inspiration Healthcare financial indicator trend analysis is infinitely more than just investigating Inspiration Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inspiration Healthcare is a good investment. Please check the relationship between Inspiration Healthcare Current Deferred Revenue and its Total Current Liabilities accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Current Deferred Revenue vs Total Current Liabilities
Current Deferred Revenue vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Inspiration Healthcare Current Deferred Revenue account and
Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Inspiration Healthcare's Current Deferred Revenue and Total Current Liabilities is 0.74. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Inspiration Healthcare Group, assuming nothing else is changed. The correlation between historical values of Inspiration Healthcare's Current Deferred Revenue and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Inspiration Healthcare Group are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Current Deferred Revenue i.e., Inspiration Healthcare's Current Deferred Revenue and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Total Current Liabilities
Total Current Liabilities is an item on Inspiration Healthcare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Inspiration Healthcare Group 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.
Most indicators from Inspiration Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inspiration 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 27, 2024,
Selling General Administrative is expected to decline to about 2.4
M. In addition to that,
Tax Provision is expected to decline to about 202.1
KInspiration Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Inspiration Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Inspiration Healthcare fundamental ratios Accounts
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Other Information on Investing in Inspiration Stock
Balance Sheet is a snapshot of the
financial position of Inspiration Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Inspiration Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Inspiration 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 Inspiration currently owns. An asset can also be divided into two categories, current and non-current.