MEDI Common Stock Shares Outstanding vs Short Term Investments Analysis

MEDIASSIST   595.95  6.75  1.15%   
MEDI ASSIST financial indicator trend analysis is infinitely more than just investigating MEDI ASSIST HEALTHCARE recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MEDI ASSIST HEALTHCARE is a good investment. Please check the relationship between MEDI ASSIST Common Stock Shares Outstanding and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEDI ASSIST HEALTHCARE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Common Stock Shares Outstanding vs Short Term Investments

Common Stock Shares Outstanding vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEDI ASSIST HEALTHCARE Common Stock Shares Outstanding account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between MEDI ASSIST's Common Stock Shares Outstanding and Short Term Investments is 0.53. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of MEDI ASSIST HEALTHCARE, assuming nothing else is changed. The correlation between historical values of MEDI ASSIST's Common Stock Shares Outstanding and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of MEDI ASSIST HEALTHCARE are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., MEDI ASSIST's Common Stock Shares Outstanding and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Short Term Investments

Short Term Investments is an item under the current assets section of MEDI ASSIST balance sheet. It contains any investments MEDI ASSIST HEALTHCARE undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that MEDI ASSIST HEALTHCARE can easily liquidate in the marketplace.
Most indicators from MEDI ASSIST's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MEDI ASSIST 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEDI ASSIST HEALTHCARE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Tax Provision is likely to drop to about 251.4 M in 2024. Selling General Administrative is likely to drop to about 328.4 M in 2024
 2021 2022 2023 2024 (projected)
Total Revenue5.0B6.3B7.3B4.8B
Depreciation And Amortization267.7M430.8M495.4M310.4M

MEDI ASSIST fundamental ratios Correlations

-0.750.520.530.96-0.60.84-0.720.950.640.70.880.180.760.790.90.860.520.780.8-0.360.90.580.93-0.360.96
-0.750.00.16-0.910.92-0.980.96-0.9-0.01-0.83-0.34-0.72-0.97-0.22-0.72-0.68-0.93-0.21-0.980.84-0.90.11-0.940.8-0.55
0.520.00.830.310.00.08-0.020.280.840.070.75-0.450.060.830.670.57-0.210.760.010.240.250.830.260.340.64
0.530.160.830.260.240.00.160.260.93-0.050.85-0.62-0.110.890.460.44-0.390.89-0.070.540.171.00.190.470.7
0.96-0.910.310.26-0.770.96-0.870.990.40.810.70.430.910.60.860.830.740.580.93-0.60.960.310.99-0.580.84
-0.60.920.00.24-0.77-0.860.82-0.770.15-0.61-0.16-0.87-0.92-0.09-0.65-0.66-0.96-0.01-0.870.85-0.710.21-0.840.89-0.35
0.84-0.980.080.00.96-0.86-0.950.960.170.860.490.610.940.350.770.730.850.370.98-0.730.950.060.98-0.70.68
-0.720.96-0.020.16-0.870.82-0.95-0.86-0.08-0.94-0.35-0.59-0.9-0.21-0.73-0.66-0.82-0.27-0.940.82-0.930.1-0.890.63-0.55
0.95-0.90.280.260.99-0.770.96-0.860.380.780.690.450.880.560.860.80.730.580.92-0.550.940.320.99-0.580.83
0.64-0.010.840.930.40.150.17-0.080.380.260.91-0.60.050.930.590.59-0.280.960.120.310.40.950.320.450.8
0.7-0.830.07-0.050.81-0.610.86-0.940.780.260.430.340.760.290.680.640.620.420.86-0.690.940.030.8-0.380.6
0.88-0.340.750.850.7-0.160.49-0.350.690.910.43-0.30.380.970.760.70.060.960.420.090.640.880.630.090.97
0.18-0.72-0.45-0.620.43-0.870.61-0.590.45-0.60.34-0.30.7-0.370.20.260.9-0.450.65-0.80.36-0.60.52-0.94-0.1
0.76-0.970.06-0.110.91-0.920.94-0.90.880.050.760.380.70.310.710.720.940.210.97-0.850.88-0.060.93-0.830.57
0.79-0.220.830.890.6-0.090.35-0.210.560.930.290.97-0.370.310.70.69-0.020.920.310.130.520.910.520.150.9
0.9-0.720.670.460.86-0.650.77-0.730.860.590.680.760.20.710.70.880.50.70.71-0.410.830.50.85-0.30.83
0.86-0.680.570.440.83-0.660.73-0.660.80.590.640.70.260.720.690.880.530.640.75-0.480.80.480.84-0.350.76
0.52-0.93-0.21-0.390.74-0.960.85-0.820.73-0.280.620.060.90.94-0.020.50.53-0.120.89-0.910.69-0.360.8-0.960.27
0.78-0.210.760.890.58-0.010.37-0.270.580.960.420.96-0.450.210.920.70.64-0.120.30.210.570.920.50.290.91
0.8-0.980.01-0.070.93-0.870.98-0.940.920.120.860.420.650.970.310.710.750.890.3-0.810.94-0.010.95-0.740.61
-0.360.840.240.54-0.60.85-0.730.82-0.550.31-0.690.09-0.8-0.850.13-0.41-0.48-0.910.21-0.81-0.650.5-0.650.81-0.12
0.9-0.90.250.170.96-0.710.95-0.930.940.40.940.640.360.880.520.830.80.690.570.94-0.650.230.94-0.480.8
0.580.110.831.00.310.210.060.10.320.950.030.88-0.6-0.060.910.50.48-0.360.92-0.010.50.230.240.450.75
0.93-0.940.260.190.99-0.840.98-0.890.990.320.80.630.520.930.520.850.840.80.50.95-0.650.940.24-0.650.78
-0.360.80.340.47-0.580.89-0.70.63-0.580.45-0.380.09-0.94-0.830.15-0.3-0.35-0.960.29-0.740.81-0.480.45-0.65-0.11
0.96-0.550.640.70.84-0.350.68-0.550.830.80.60.97-0.10.570.90.830.760.270.910.61-0.120.80.750.78-0.11
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MEDI ASSIST Account Relationship Matchups

MEDI ASSIST fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5B6.0B7.1B8.5B9.8B7.2B
Short Long Term Debt Total353M274.8M306.8M263.3M237.0M306.7M
Other Current Liab465.0M415.3M587.8M2.6B3.0B3.2B
Total Current Liabilities2.2B2.3B2.8B3.2B3.7B3.0B
Total Stockholder Equity2.9B3.4B3.8B4.7B5.4B3.7B
Property Plant And Equipment Net559.6M413.4M542.9M551.1M496.0M437.8M
Current Deferred Revenue1.5B1.7B2.2B2.2B2.5B1.8B
Net Debt(280.4M)128.8M(232.7M)(246.0M)(221.4M)(210.3M)
Retained Earnings1.8B2.3B2.7B2.9B3.3B2.5B
Accounts Payable340.3M290.2M364.3M426.0M489.9M398.2M
Cash633.4M146.0M539.4M509.3M585.7M432.9M
Non Current Assets Total1.8B1.8B2.6B3.7B4.3B2.7B
Non Currrent Assets Other1.7B2.9B1.8B1.1B1.3B1.9B
Cash And Short Term Investments1.9B2.5B1.6B2.3B2.7B2.0B
Net Receivables1.2B1.2B1.3B1.8B2.1B1.5B
Short Term Investments1.3B2.4B1.1B1.1B1.3B1.3B
Liabilities And Stockholders Equity5.5B6.0B7.1B8.5B9.8B7.2B
Non Current Liabilities Total342.3M287.4M435.1M497.9M572.6M434.2M
Other Current Assets153.8M303.0M729.1M634.0M570.6M440.9M
Other Stockholder Equity1.1B745.9M1.1B1.3B1.5B1.1B
Total Liab2.5B2.6B3.2B3.7B4.2B3.4B
Total Current Assets3.7B4.2B4.4B4.8B5.5B4.4B
Short Term Debt96.2M(1.4B)119.9M110.7M99.6M104.6M
Intangible Assets230.4M228.4M417.7M656.3M754.8M405.5M

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