Global Non Current Liabilities Total vs Total Current Liabilities Analysis

MEDANTA Stock   1,102  1.65  0.15%   
Global Health financial indicator trend analysis is much more than just examining Global Health Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Health Limited is a good investment. Please check the relationship between Global Health Non Current Liabilities Total and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global Health 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 board of governors.

Non Current Liabilities Total vs Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Health Limited Non Current Liabilities Total account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Global Health's Non Current Liabilities Total and Total Current Liabilities is 0.6. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Global Health Limited, assuming nothing else is changed. The correlation between historical values of Global Health's Non Current Liabilities Total 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 Non Current Liabilities Total of Global Health Limited 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 Non Current Liabilities Total i.e., Global Health's Non Current Liabilities Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Total Current Liabilities

Total Current Liabilities is an item on Global Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Global Health Limited 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 Global Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Health Limited 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Global Health 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 5.3 B. The current year's Tax Provision is expected to grow to about 1.5 B
 2021 2022 2023 2024 (projected)
Gross Profit16.1B20.7B17.2B13.0B
Total Revenue21.6B26.9B32.8B21.8B

Global Health fundamental ratios Correlations

0.810.390.950.960.950.220.950.640.870.960.60.930.870.660.880.790.980.270.970.90.940.670.670.190.56
0.810.330.640.60.910.680.60.320.630.90.730.60.730.410.491.00.820.40.660.980.610.260.850.470.85
0.390.330.330.370.520.320.44-0.310.090.51-0.180.160.560.360.240.330.450.170.270.360.210.150.630.440.37
0.950.640.330.980.85-0.010.970.70.880.860.540.960.760.690.940.60.950.20.980.760.970.860.580.110.44
0.960.60.370.980.85-0.040.990.710.870.860.450.960.820.690.960.570.920.170.980.730.970.790.50.030.34
0.950.910.520.850.850.460.860.470.721.00.550.770.880.630.740.890.950.310.850.960.80.510.820.380.69
0.220.680.32-0.01-0.040.460.01-0.18-0.120.440.37-0.120.35-0.12-0.110.690.290.5-0.030.56-0.09-0.270.660.590.75
0.950.60.440.970.990.860.010.680.80.870.40.920.850.690.960.570.930.230.960.730.940.790.520.050.35
0.640.32-0.310.70.710.47-0.180.680.630.490.460.760.50.470.820.290.580.20.730.430.750.70.0-0.370.01
0.870.630.090.880.870.72-0.120.80.630.740.670.960.570.520.790.610.810.010.930.730.940.650.440.060.41
0.960.90.510.860.861.00.440.870.490.740.550.790.880.630.750.890.950.30.860.950.810.520.810.360.68
0.60.73-0.180.540.450.550.370.40.460.670.550.60.360.030.440.710.640.430.570.730.590.40.520.230.75
0.930.60.160.960.960.77-0.120.920.760.960.790.60.710.610.930.570.880.150.990.731.00.780.42-0.050.34
0.870.730.560.760.820.880.350.850.50.570.880.360.710.670.80.720.870.550.780.790.760.490.570.00.42
0.660.410.360.690.690.63-0.120.690.470.520.630.030.610.670.640.40.620.090.650.510.630.530.35-0.140.05
0.880.490.240.940.960.74-0.110.960.820.790.750.440.930.80.640.460.860.310.940.630.950.850.33-0.170.22
0.791.00.330.60.570.890.690.570.290.610.890.710.570.720.40.460.790.390.630.980.590.20.830.460.84
0.980.820.450.950.920.950.290.930.580.810.950.640.880.870.620.860.790.40.930.90.90.720.750.240.65
0.270.40.170.20.170.310.50.230.20.010.30.430.150.550.090.310.390.40.170.370.20.240.28-0.190.39
0.970.660.270.980.980.85-0.030.960.730.930.860.570.990.780.650.940.630.930.170.780.990.770.50.030.4
0.90.980.360.760.730.960.560.730.430.730.950.730.730.790.510.630.980.90.370.780.740.40.830.40.8
0.940.610.210.970.970.8-0.090.940.750.940.810.591.00.760.630.950.590.90.20.990.740.790.44-0.050.35
0.670.260.150.860.790.51-0.270.790.70.650.520.40.780.490.530.850.20.720.240.770.40.790.31-0.080.21
0.670.850.630.580.50.820.660.520.00.440.810.520.420.570.350.330.830.750.280.50.830.440.310.760.92
0.190.470.440.110.030.380.590.05-0.370.060.360.23-0.050.0-0.14-0.170.460.24-0.190.030.4-0.05-0.080.760.74
0.560.850.370.440.340.690.750.350.010.410.680.750.340.420.050.220.840.650.390.40.80.350.210.920.74
Click cells to compare fundamentals

Global Health Account Relationship Matchups

Global Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets26.7B26.9B31.5B41.2B43.0B33.6B
Short Long Term Debt Total9.3B9.3B11.1B11.2B8.0B9.6B
Other Current Liab2.8B1.4B1.8B983.5M2.6B1.9B
Total Current Liabilities3.6B4.0B4.2B5.7B6.2B4.7B
Total Stockholder Equity13.5B13.8B16.2B24.3B29.1B19.2B
Property Plant And Equipment Net20.8B20.7B22.1B23.7B26.2B23.0B
Net Debt7.8B8.6B9.9B3.5B3.8B5.1B
Retained Earnings7.4B7.7B9.5B12.8B17.6B10.7B
Accounts Payable40.0M1.3B1.3B1.9B1.9B1.4B
Cash1.5B694.7M1.2B7.7B4.2B2.6B
Non Current Assets Total21.9B21.9B23.3B25.4B28.0B24.4B
Non Currrent Assets Other1.4B2.9B4.7B6.3B944.9M897.7M
Cash And Short Term Investments2.5B2.9B5.1B13.1B11.6B6.4B
Net Receivables1.8B1.7B2.2B1.9B2.4B2.1B
Common Stock Shares Outstanding251.6M252.1M252.4M259.5M268.6M280.9M
Short Term Investments1.0B2.2B3.9B5.4B7.3B3.8B
Liabilities And Stockholders Equity26.7B26.9B31.5B41.2B43.0B33.6B
Non Current Liabilities Total9.6B9.1B11.1B11.2B7.8B9.7B
Inventory385.2M397.6M533.9M603.7M668.5M483.9M
Other Current Assets42.9M63.1M2.5B141.3M496.4M551.2M
Other Stockholder Equity4.7B4.9B6.1B10.7B10.7B7.2B
Total Liab13.2B13.1B15.3B16.9B14.0B14.4B
Total Current Assets4.8B5.0B8.1B15.8B15.1B9.2B
Accumulated Other Comprehensive Income603.6M442.5M274.5M237.3M196.5M374.2M
Short Term Debt531.0M1.0B1.1B1.4B1.7B1.1B
Intangible Assets84.8M72.5M62.7M51.7M55.4M56.0M
Common Stock818.5M820.9M506.5M536.4M537.0M479.5M
Current Deferred Revenue1.7B1.7B1.8B1.4B593.6M563.9M

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Other Information on Investing in Global Stock

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