Global Non Currrent Assets Other vs Intangible Assets Analysis

MEDANTA Stock   1,114  40.75  3.80%   
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 Currrent Assets Other and its Intangible Assets 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 Currrent Assets Other vs Intangible Assets

Non Currrent Assets Other vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Health Limited Non Currrent Assets Other account and Intangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Global Health's Non Currrent Assets Other and Intangible Assets is 0.6. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Intangible Assets 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 Currrent Assets Other and Intangible Assets 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 Currrent Assets Other of Global Health Limited are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Non Currrent Assets Other i.e., Global Health's Non Currrent Assets Other and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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 4.5 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

0.810.230.950.960.950.220.950.640.870.960.910.930.870.660.880.790.980.270.970.90.940.670.670.190.56
0.810.330.640.60.910.680.60.320.630.90.690.60.730.410.491.00.820.40.660.980.610.260.850.470.85
0.230.330.130.150.40.430.21-0.54-0.050.380.23-0.030.410.22-0.010.330.30.180.070.310.01-0.060.640.530.43
0.950.640.130.980.85-0.010.970.70.880.860.910.960.760.690.940.60.950.20.980.760.970.860.580.110.44
0.960.60.150.980.85-0.040.990.710.870.860.890.960.820.690.960.570.920.170.980.730.970.790.50.030.34
0.950.910.40.850.850.460.860.470.721.00.870.770.880.630.740.890.950.310.850.960.80.510.820.380.69
0.220.680.43-0.01-0.040.460.01-0.18-0.120.440.12-0.120.35-0.12-0.110.690.290.5-0.030.56-0.09-0.270.660.590.75
0.950.60.210.970.990.860.010.680.80.870.890.920.850.690.960.570.930.230.960.730.940.790.520.050.35
0.640.32-0.540.70.710.47-0.180.680.630.490.640.760.50.480.820.290.580.20.730.430.750.70.0-0.370.01
0.870.63-0.050.880.870.72-0.120.80.630.740.730.960.570.520.790.610.810.010.930.730.940.650.440.060.41
0.960.90.380.860.861.00.440.870.490.740.880.790.880.640.750.890.950.30.860.950.810.520.810.360.68
0.910.690.230.910.890.870.120.890.640.730.880.830.860.880.850.670.910.330.880.790.850.730.60.030.4
0.930.6-0.030.960.960.77-0.120.920.760.960.790.830.710.610.930.570.880.150.990.731.00.780.42-0.050.34
0.870.730.410.760.820.880.350.850.50.570.880.860.710.670.80.720.870.550.780.790.760.490.570.00.42
0.660.410.220.690.690.63-0.120.690.480.520.640.880.610.670.640.40.620.090.660.510.630.530.35-0.140.05
0.880.49-0.010.940.960.74-0.110.960.820.790.750.850.930.80.640.460.860.310.940.630.950.850.33-0.170.22
0.791.00.330.60.570.890.690.570.290.610.890.670.570.720.40.460.790.390.630.980.590.20.830.460.84
0.980.820.30.950.920.950.290.930.580.810.950.910.880.870.620.860.790.40.930.90.90.720.750.240.65
0.270.40.180.20.170.310.50.230.20.010.30.330.150.550.090.310.390.40.170.370.20.240.28-0.190.39
0.970.660.070.980.980.85-0.030.960.730.930.860.880.990.780.660.940.630.930.170.780.990.770.50.030.4
0.90.980.310.760.730.960.560.730.430.730.950.790.730.790.510.630.980.90.370.780.740.40.830.40.8
0.940.610.010.970.970.8-0.090.940.750.940.810.851.00.760.630.950.590.90.20.990.740.790.44-0.050.35
0.670.26-0.060.860.790.51-0.270.790.70.650.520.730.780.490.530.850.20.720.240.770.40.790.31-0.080.21
0.670.850.640.580.50.820.660.520.00.440.810.60.420.570.350.330.830.750.280.50.830.440.310.760.92
0.190.470.530.110.030.380.590.05-0.370.060.360.03-0.050.0-0.14-0.170.460.24-0.190.030.4-0.05-0.080.760.74
0.560.850.430.440.340.690.750.350.010.410.680.40.340.420.050.220.840.650.390.40.80.350.210.920.74
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 Liab2.8B1.4B1.8B983.5M2.0B1.8B
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 Other1.4B2.9B4.7B6.3B8.8B9.2B
Cash And Short Term Investments2.5B2.9B5.1B13.1B11.6B6.4B
Net Receivables1.8B1.7B2.2B1.9B2.4B2.1B
Common Stock Shares Outstanding251.6M252.1M252.4M259.5M268.8M281.0M
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.