Surgery Intangible Assets vs Net Tangible Assets Analysis

SGRY Stock

USD 23.48 0.47 1.96%

Surgery Partners financial indicator trend analysis is much more than just breaking down Surgery Partners prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Surgery Partners is a good investment. Please check the relationship between Surgery Partners Intangible Assets and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surgery Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Surgery Stock please use our How to Invest in Surgery Partners guide.

Intangible Assets vs Net Tangible Assets

Intangible Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Surgery Partners Intangible Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Surgery Partners' Intangible Assets and Net Tangible Assets is -0.24. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Surgery Partners, assuming nothing else is changed. The correlation between historical values of Surgery Partners' Intangible Assets and Net Tangible 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 Intangible Assets of Surgery Partners are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Intangible Assets i.e., Surgery Partners' Intangible Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.24

Relationship Direction	Negative
Relationship Strength	Insignificant

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Intangible Assets

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

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Surgery Partners' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Surgery Partners 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Surgery Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Surgery Stock please use our How to Invest in Surgery Partners guide.At this time, Surgery Partners' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 141.3 M in 2025, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	234.9M	193M	201.7M	154.1M
Depreciation And Amortization	149.6M	118.1M	152.6M	87.3M

Interest Expense Depreciation And Amortization

Surgery Partners fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.81	0.33	0.47	0.77	0.82	0.0	0.85	0.28	-0.77	0.89	0.62	0.81	0.75	0.14	0.74	0.62	0.84	0.79	0.76	0.85	0.42	0.83	0.54	0.81	0.82
Total Assets	0.81		0.62	0.83	0.98	0.83	0.28	0.97	0.56	-0.75	0.97	0.87	1.0	0.78	0.29	0.98	0.87	0.99	1.0	0.95	0.99	0.53	0.79	0.89	0.87	0.98
Short Long Term Debt Total	0.33	0.62		0.65	0.63	0.27	0.58	0.55	1.0	-0.17	0.46	0.65	0.62	0.55	0.42	0.66	0.65	0.57	0.62	0.45	0.56	0.23	0.2	0.76	0.29	0.58
Other Current Liab	0.47	0.83	0.65		0.83	0.5	0.39	0.72	0.61	-0.45	0.7	0.69	0.84	0.46	0.17	0.88	0.69	0.8	0.86	0.83	0.78	0.46	0.42	0.87	0.6	0.77
Total Current Liabilities	0.77	0.98	0.63	0.83		0.76	0.42	0.96	0.57	-0.77	0.94	0.91	0.98	0.71	0.36	0.98	0.91	0.98	0.97	0.94	0.97	0.43	0.75	0.89	0.86	0.98
Total Stockholder Equity	0.82	0.83	0.27	0.5	0.76		-0.11	0.85	0.21	-0.81	0.88	0.67	0.83	0.87	0.17	0.73	0.67	0.84	0.81	0.72	0.84	0.5	0.97	0.64	0.94	0.83
Other Liab	0.0	0.28	0.58	0.39	0.42	-0.11		0.21	0.55	-0.14	0.13	0.6	0.26	-0.03	0.65	0.41	0.6	0.29	0.28	0.3	0.26	-0.06	-0.04	0.46	0.05	0.36
Property Plant And Equipment Net	0.85	0.97	0.55	0.72	0.96	0.85	0.21		0.49	-0.82	0.98	0.83	0.96	0.79	0.28	0.92	0.83	0.97	0.94	0.9	0.97	0.41	0.84	0.8	0.91	0.96
Net Debt	0.28	0.56	1.0	0.61	0.57	0.21	0.55	0.49		-0.11	0.4	0.57	0.56	0.51	0.39	0.6	0.57	0.51	0.56	0.39	0.5	0.18	0.13	0.71	0.22	0.52
Retained Earnings	-0.77	-0.75	-0.17	-0.45	-0.77	-0.81	-0.14	-0.82	-0.11		-0.82	-0.66	-0.74	-0.63	-0.22	-0.72	-0.66	-0.8	-0.71	-0.72	-0.8	-0.09	-0.9	-0.55	-0.92	-0.79
Accounts Payable	0.89	0.97	0.46	0.7	0.94	0.88	0.13	0.98	0.4	-0.82		0.8	0.97	0.79	0.23	0.92	0.8	0.98	0.95	0.93	0.98	0.51	0.86	0.76	0.91	0.96
Cash	0.62	0.87	0.65	0.69	0.91	0.67	0.6	0.83	0.57	-0.66	0.8		0.86	0.66	0.59	0.89	1.0	0.86	0.86	0.82	0.86	0.41	0.67	0.89	0.74	0.92
Non Current Assets Total	0.81	1.0	0.62	0.84	0.98	0.83	0.26	0.96	0.56	-0.74	0.97	0.86		0.78	0.28	0.98	0.86	0.99	1.0	0.95	0.99	0.54	0.78	0.89	0.87	0.98
Non Currrent Assets Other	0.75	0.78	0.55	0.46	0.71	0.87	-0.03	0.79	0.51	-0.63	0.79	0.66	0.78		0.15	0.68	0.66	0.77	0.76	0.6	0.79	0.45	0.81	0.71	0.75	0.77
Other Assets	0.14	0.29	0.42	0.17	0.36	0.17	0.65	0.28	0.39	-0.22	0.23	0.59	0.28	0.15		0.34	0.59	0.29	0.28	0.26	0.26	0.0	0.2	0.41	0.22	0.38
Long Term Debt	0.74	0.98	0.66	0.88	0.98	0.73	0.41	0.92	0.6	-0.72	0.92	0.89	0.98	0.68	0.34		0.89	0.97	0.98	0.96	0.96	0.48	0.7	0.91	0.82	0.97
Cash And Short Term Investments	0.62	0.87	0.65	0.69	0.91	0.67	0.6	0.83	0.57	-0.66	0.8	1.0	0.86	0.66	0.59	0.89		0.86	0.86	0.82	0.86	0.41	0.67	0.89	0.74	0.92
Net Receivables	0.84	0.99	0.57	0.8	0.98	0.84	0.29	0.97	0.51	-0.8	0.98	0.86	0.99	0.77	0.29	0.97	0.86		0.98	0.95	1.0	0.49	0.82	0.85	0.89	0.99
Good Will	0.79	1.0	0.62	0.86	0.97	0.81	0.28	0.94	0.56	-0.71	0.95	0.86	1.0	0.76	0.28	0.98	0.86	0.98		0.95	0.98	0.57	0.75	0.9	0.85	0.97
Non Current Liabilities Total	0.76	0.95	0.45	0.83	0.94	0.72	0.3	0.9	0.39	-0.72	0.93	0.82	0.95	0.6	0.26	0.96	0.82	0.95	0.95		0.95	0.57	0.7	0.81	0.82	0.94
Inventory	0.85	0.99	0.56	0.78	0.97	0.84	0.26	0.97	0.5	-0.8	0.98	0.86	0.99	0.79	0.26	0.96	0.86	1.0	0.98	0.95		0.52	0.83	0.85	0.89	0.99
Other Current Assets	0.42	0.53	0.23	0.46	0.43	0.5	-0.06	0.41	0.18	-0.09	0.51	0.41	0.54	0.45	0.0	0.48	0.41	0.49	0.57	0.57	0.52		0.37	0.46	0.39	0.49
Other Stockholder Equity	0.83	0.79	0.2	0.42	0.75	0.97	-0.04	0.84	0.13	-0.9	0.86	0.67	0.78	0.81	0.2	0.7	0.67	0.82	0.75	0.7	0.83	0.37		0.58	0.96	0.82
Total Liab	0.54	0.89	0.76	0.87	0.89	0.64	0.46	0.8	0.71	-0.55	0.76	0.89	0.89	0.71	0.41	0.91	0.89	0.85	0.9	0.81	0.85	0.46	0.58		0.69	0.87
Property Plant And Equipment Gross	0.81	0.87	0.29	0.6	0.86	0.94	0.05	0.91	0.22	-0.92	0.91	0.74	0.87	0.75	0.22	0.82	0.74	0.89	0.85	0.82	0.89	0.39	0.96	0.69		0.88
Total Current Assets	0.82	0.98	0.58	0.77	0.98	0.83	0.36	0.96	0.52	-0.79	0.96	0.92	0.98	0.77	0.38	0.97	0.92	0.99	0.97	0.94	0.99	0.49	0.82	0.87	0.88

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Surgery Partners Account Relationship Matchups

Surgery Partners fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	48.8M	72.4M	92.0M	125.6M	126.1M	66.1M
Total Assets	5.4B	6.1B	6.7B	6.9B	7.9B	5.0B
Short Long Term Debt Total	3.2B	3.3B	2.9B	3.1B	393.5M	373.8M
Other Current Liab	353M	247.0M	242.5M	240.3M	314.3M	261.0M
Total Current Liabilities	556.8M	536.8M	493.4M	523M	624.4M	397.5M
Total Stockholder Equity	115.6M	1.1B	2.0B	2.0B	1.8B	1.9B
Other Liab	62.9M	440.6M	402.6M	35M	40.3M	38.2M
Property Plant And Equipment Net	854.7M	953.8M	1.2B	1.2B	1.4B	715.2M
Net Debt	2.9B	2.9B	2.6B	2.9B	124M	117.8M
Retained Earnings	(431.8M)	(502.7M)	(557.3M)	(569.2M)	(737.3M)	(700.4M)
Accounts Payable	100.2M	124.9M	151.6M	171.8M	208.7M	108.0M
Cash	317.9M	389.9M	282.9M	195.9M	269.5M	194.7M
Non Current Assets Total	4.6B	5.2B	5.8B	6.0B	6.8B	4.3B
Non Currrent Assets Other	27M	59.1M	144.2M	103.3M	57.5M	52.7M
Other Assets	129.5M	554M	5.2B	122.3M	140.6M	133.6M
Long Term Debt	2.8B	2.9B	2.6B	2.7B	3.3B	2.3B
Cash And Short Term Investments	317.9M	389.9M	282.9M	195.9M	269.5M	194.7M
Net Receivables	382.2M	430.2M	456.3M	496.4M	579.1M	357.4M
Good Will	3.5B	3.9B	4.1B	4.3B	5.1B	3.3B
Liabilities And Stockholders Equity	5.4B	6.1B	6.7B	6.9B	7.9B	5.0B
Non Current Liabilities Total	3.2B	3.3B	2.9B	3.0B	5.5B	2.9B
Inventory	56.4M	61.1M	71.4M	75.2M	88.4M	52.2M
Other Current Assets	45M	64.9M	110.4M	127.5M	182.4M	95.9M
Other Stockholder Equity	607.9M	1.6B	2.5B	2.5B	2.5B	2.6B
Total Liab	5.4B	6.1B	6.7B	3.5B	4.3B	4.3B
Property Plant And Equipment Gross	854.7M	1.2B	1.5B	1.7B	1.9B	2.0B
Total Current Assets	801.5M	946.1M	921M	895M	1.1B	676.9M
Accumulated Other Comprehensive Income	(61M)	(31.5M)	76.2M	57.5M	4.8M	5.0M
Short Term Debt	103.6M	100.5M	99.3M	110.9M	101.4M	74.2M
Intangible Assets	46.9M	43.7M	42.3M	54.8M	45.7M	52.9M
Property Plant Equipment	821M	854.7M	953.8M	1.2B	1.3B	1.4B
Net Tangible Assets	(3.2B)	(2.4B)	1.1B	(1.6B)	(1.8B)	(1.9B)
Current Deferred Revenue	109.8M	64.4M	3.2M	108.5M	124.8M	131.0M
Long Term Investments	90.3M	88.7M	190.3M	184.1M	215.4M	111.7M
Short Long Term Debt	64.4M	60.4M	62.8M	73.3M	101.4M	61.0M
Warrants	1.1B	741.3M	330.2M	342M	393.3M	673.0M
Noncontrolling Interest In Consolidated Entity	686.6M	766.5M	880.6M	942.7M	1.1B	724.6M
Common Stock Total Equity	395.5M	435M	900K	1.3M	1.5M	1.4M

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