MultiPlan Net Debt vs Total Current Liabilities Analysis
| MPLN Stock | USD 7.30 0.36 5.19% |
MultiPlan financial indicator trend analysis is infinitely more than just investigating MultiPlan recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MultiPlan is a good investment. Please check the relationship between MultiPlan Net Debt and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MultiPlan. 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. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MultiPlan Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between MultiPlan's Net Debt and Total Current Liabilities is -0.86. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of MultiPlan, assuming nothing else is changed. The correlation between historical values of MultiPlan's Net Debt 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 Net Debt of MultiPlan 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 Net Debt i.e., MultiPlan's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.86 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Current Liabilities
Total Current Liabilities is an item on MultiPlan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MultiPlan 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 MultiPlan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MultiPlan 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 MultiPlan. 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. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.As of the 26th of November 2024, Selling General Administrative is likely to grow to about 176.4 M, though Tax Provision is likely to grow to (12.2 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 412.1M | 415.7M | 425.8M | 446.2M | Interest Income | 30K | 3.5M | 9.7M | 10.1M |
MultiPlan fundamental ratios Correlations
Click cells to compare fundamentals
MultiPlan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MultiPlan fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 85.8M | 112.5M | 141.9M | 175.8M | 166.7M | 137.1M | |
| Other Liab | 869.2M | 1.0B | 828.0M | 642.0M | 577.8M | 692.9M | |
| Net Tangible Assets | (6.2B) | (5.5B) | (5.3B) | (4.9B) | (5.6B) | (5.9B) | |
| Retained Earnings | 637.6M | 107.9M | 225.1M | (347.8M) | (499.3M) | (474.3M) | |
| Accounts Payable | 9.6M | 15.3M | 13.0M | 13.3M | 19.6M | 15.0M | |
| Other Assets | 8.2M | 14.2M | 9.7M | 21.9M | 25.2M | 13.2M | |
| Net Receivables | 77.1M | 63.2M | 99.9M | 78.9M | 76.6M | 87.6M | |
| Total Current Assets | 115.6M | 208.9M | 319.3M | 446.7M | 193.6M | 254.8M | |
| Property Plant Equipment | 47.7M | 51.1M | 243.3M | 51.5M | 59.2M | 91.0M |
Pair Trading with MultiPlan
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MultiPlan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MultiPlan will appreciate offsetting losses from the drop in the long position's value.Moving against MultiPlan Stock
| 0.58 | FOXO | FOXO Technologies | PairCorr |
| 0.5 | ENOV | Enovis Corp | PairCorr |
| 0.47 | DOCS | Doximity Buyout Trend | PairCorr |
| 0.39 | ITGR | Integer Holdings Corp | PairCorr |
The ability to find closely correlated positions to MultiPlan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MultiPlan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MultiPlan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MultiPlan to buy it.
The correlation of MultiPlan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MultiPlan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MultiPlan moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MultiPlan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MultiPlan. 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. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MultiPlan. If investors know MultiPlan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MultiPlan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share (95.28) | Revenue Per Share 58.328 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0129 |
The market value of MultiPlan is measured differently than its book value, which is the value of MultiPlan that is recorded on the company's balance sheet. Investors also form their own opinion of MultiPlan's value that differs from its market value or its book value, called intrinsic value, which is MultiPlan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MultiPlan's market value can be influenced by many factors that don't directly affect MultiPlan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MultiPlan's value and its price as these two are different measures arrived at by different means. Investors typically determine if MultiPlan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MultiPlan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.