Spire Cash And Short Term Investments vs Other Current Liab Analysis

SPI Stock

217.50 2.00 0.93%

Spire Healthcare financial indicator trend analysis is much more than just breaking down Spire Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Healthcare is a good investment. Please check the relationship between Spire Healthcare Cash And Short Term Investments and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Healthcare Group. 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.

Cash And Short Term Investments vs Other Current Liab

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Healthcare Cash And Short Term Investments account and Other Current Liab. At this time, the significance of the direction appears to have very week relationship.

The correlation between Spire Healthcare's Cash And Short Term Investments and Other Current Liab is 0.21. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Spire Healthcare Group, assuming nothing else is changed. The correlation between historical values of Spire Healthcare's Cash And Short Term Investments and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Spire Healthcare Group are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Short Term Investments i.e., Spire Healthcare's Cash And Short Term Investments and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Spire Healthcare balance sheet. This account contains Spire Healthcare investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Spire Healthcare Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Liab

Most indicators from Spire Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Healthcare Group. 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.

The current year's Selling General Administrative is expected to grow to about 88.2 M, whereas Tax Provision is forecasted to decline to about 3.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	87M	91.5M	93M	72.1M
Depreciation And Amortization	97.1M	97.9M	103.6M	77.8M

Interest Expense Depreciation And Amortization

Spire Healthcare fundamental ratios Correlations

	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	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.58	-0.31	-0.14	-0.25	0.34	0.98	0.58	0.28	0.22	0.99	0.25	0.27	0.22	-0.1	-0.39	0.63	0.6	0.39	-0.03	-0.38	0.57	0.7	-0.03	-0.27	-0.41
Short Long Term Debt Total	0.58		0.3	0.35	-0.91	0.76	0.49	1.0	-0.41	0.44	0.55	0.89	0.81	0.44	0.25	0.03	-0.04	0.91	-0.21	0.51	-0.79	0.99	0.29	0.12	0.26	0.07
Other Current Liab	-0.31	0.3		0.97	-0.42	-0.12	-0.34	0.29	-0.37	0.21	-0.36	0.42	0.07	0.21	0.2	0.08	-0.8	-0.03	-0.15	-0.04	0.1	0.23	-0.21	0.29	0.99	0.07
Total Current Liabilities	-0.14	0.35	0.97		-0.4	-0.17	-0.16	0.34	-0.18	0.29	-0.21	0.41	0.0	0.29	0.28	-0.11	-0.71	0.04	0.07	-0.18	0.14	0.28	0.03	0.36	0.98	-0.08
Total Stockholder Equity	-0.25	-0.91	-0.42	-0.4		-0.82	-0.13	-0.91	0.63	-0.38	-0.21	-0.99	-0.91	-0.38	-0.31	-0.21	0.25	-0.85	0.46	-0.71	0.85	-0.93	-0.01	-0.17	-0.36	-0.18
Other Liab	0.34	0.76	-0.12	-0.17	-0.82		0.23	0.77	-0.57	0.21	0.35	0.82	0.97	0.21	0.1	0.33	0.17	0.88	-0.54	0.88	-0.99	0.82	0.0	-0.1	-0.2	0.29
Property Plant And Equipment Net	0.98	0.49	-0.34	-0.16	-0.13	0.23		0.5	0.42	0.18	0.97	0.15	0.14	0.18	-0.09	-0.51	0.66	0.51	0.51	-0.16	-0.26	0.47	0.76	-0.05	-0.3	-0.44
Net Debt	0.58	1.0	0.29	0.34	-0.91	0.77	0.5		-0.4	0.38	0.56	0.89	0.82	0.38	0.24	0.06	-0.03	0.91	-0.22	0.52	-0.8	0.99	0.27	0.06	0.26	0.07
Accounts Payable	0.28	-0.41	-0.37	-0.18	0.63	-0.57	0.42	-0.4		-0.27	0.29	-0.58	-0.69	-0.27	0.05	-0.66	0.42	-0.32	0.84	-0.75	0.57	-0.43	0.63	-0.08	-0.26	-0.62
Cash	0.22	0.44	0.21	0.29	-0.38	0.21	0.18	0.38	-0.27		0.09	0.36	0.26	1.0	0.22	-0.33	-0.13	0.42	0.07	0.06	-0.23	0.42	0.29	0.85	0.2	0.06
Non Current Assets Total	0.99	0.55	-0.36	-0.21	-0.21	0.35	0.97	0.56	0.29	0.09		0.21	0.27	0.09	-0.16	-0.31	0.66	0.57	0.35	-0.01	-0.38	0.54	0.65	-0.18	-0.32	-0.36
Other Assets	0.25	0.89	0.42	0.41	-0.99	0.82	0.15	0.89	-0.58	0.36	0.21		0.88	0.36	0.31	0.15	-0.24	0.84	-0.42	0.68	-0.83	0.91	0.05	0.17	0.36	0.13
Long Term Debt	0.27	0.81	0.07	0.0	-0.91	0.97	0.14	0.82	-0.69	0.26	0.27	0.88		0.26	0.16	0.4	-0.02	0.87	-0.62	0.88	-0.98	0.86	-0.1	-0.04	-0.02	0.33
Cash And Short Term Investments	0.22	0.44	0.21	0.29	-0.38	0.21	0.18	0.38	-0.27	1.0	0.09	0.36	0.26		0.22	-0.33	-0.13	0.42	0.07	0.06	-0.23	0.42	0.29	0.85	0.2	0.06
Net Receivables	-0.1	0.25	0.2	0.28	-0.31	0.1	-0.09	0.24	0.05	0.22	-0.16	0.31	0.16	0.22		-0.18	-0.44	0.28	0.13	-0.01	-0.15	0.26	0.27	0.37	0.2	-0.17
Good Will	-0.39	0.03	0.08	-0.11	-0.21	0.33	-0.51	0.06	-0.66	-0.33	-0.31	0.15	0.4	-0.33	-0.18		-0.31	0.01	-0.84	0.58	-0.32	0.06	-0.73	-0.5	0.02	0.72
Common Stock Shares Outstanding	0.63	-0.04	-0.8	-0.71	0.25	0.17	0.66	-0.03	0.42	-0.13	0.66	-0.24	-0.02	-0.13	-0.44	-0.31		0.2	0.39	0.04	-0.15	0.0	0.49	-0.24	-0.79	-0.34
Non Current Liabilities Total	0.6	0.91	-0.03	0.04	-0.85	0.88	0.51	0.91	-0.32	0.42	0.57	0.84	0.87	0.42	0.28	0.01	0.2		-0.2	0.63	-0.9	0.94	0.36	0.12	-0.07	0.04
Inventory	0.39	-0.21	-0.15	0.07	0.46	-0.54	0.51	-0.22	0.84	0.07	0.35	-0.42	-0.62	0.07	0.13	-0.84	0.39	-0.2		-0.73	0.53	-0.25	0.81	0.27	-0.07	-0.77
Other Current Assets	-0.03	0.51	-0.04	-0.18	-0.71	0.88	-0.16	0.52	-0.75	0.06	-0.01	0.68	0.88	0.06	-0.01	0.58	0.04	0.63	-0.73		-0.87	0.58	-0.34	-0.14	-0.15	0.44
Other Stockholder Equity	-0.38	-0.79	0.1	0.14	0.85	-0.99	-0.26	-0.8	0.57	-0.23	-0.38	-0.83	-0.98	-0.23	-0.15	-0.32	-0.15	-0.9	0.53	-0.87		-0.85	-0.01	0.07	0.18	-0.26
Total Liab	0.57	0.99	0.23	0.28	-0.93	0.82	0.47	0.99	-0.43	0.42	0.54	0.91	0.86	0.42	0.26	0.06	0.0	0.94	-0.25	0.58	-0.85		0.27	0.1	0.19	0.08
Property Plant And Equipment Gross	0.7	0.29	-0.21	0.03	-0.01	0.0	0.76	0.27	0.63	0.29	0.65	0.05	-0.1	0.29	0.27	-0.73	0.49	0.36	0.81	-0.34	-0.01	0.27		0.3	-0.15	-0.66
Total Current Assets	-0.03	0.12	0.29	0.36	-0.17	-0.1	-0.05	0.06	-0.08	0.85	-0.18	0.17	-0.04	0.85	0.37	-0.5	-0.24	0.12	0.27	-0.14	0.07	0.1	0.3		0.29	-0.26
Short Term Debt	-0.27	0.26	0.99	0.98	-0.36	-0.2	-0.3	0.26	-0.26	0.2	-0.32	0.36	-0.02	0.2	0.2	0.02	-0.79	-0.07	-0.07	-0.15	0.18	0.19	-0.15	0.29		0.02
Intangible Assets	-0.41	0.07	0.07	-0.08	-0.18	0.29	-0.44	0.07	-0.62	0.06	-0.36	0.13	0.33	0.06	-0.17	0.72	-0.34	0.04	-0.77	0.44	-0.26	0.08	-0.66	-0.26	0.02

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Spire Healthcare Account Relationship Matchups

Spire Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.1B	2.2B	2.2B	2.3B	2.2B
Short Long Term Debt Total	1.2B	1.2B	1.3B	1.2B	1.3B	924.0M
Other Current Liab	69.8M	114.4M	154.8M	119M	139.2M	127.5M
Total Current Liabilities	207.5M	253.9M	302.1M	283.4M	317.6M	201.6M
Total Stockholder Equity	939.9M	706.6M	709.6M	731M	739.9M	649.6M
Other Liab	51.4M	53.9M	57.7M	56.2M	50.6M	65.2M
Property Plant And Equipment Net	1.6B	1.5B	1.6B	1.6B	1.6B	1.4B
Net Debt	1.1B	1.1B	1.1B	1.1B	1.2B	851.9M
Accounts Payable	58.5M	58M	51.7M	67.2M	63.9M	55.9M
Cash	90.8M	106.3M	202.6M	74.2M	49.6M	72.1M
Non Current Assets Total	2.1B	1.9B	1.9B	1.9B	2.1B	2.0B
Long Term Debt	419.1M	418.6M	421.8M	321.4M	361.9M	574.7M
Cash And Short Term Investments	90.8M	106.3M	202.6M	74.2M	49.6M	72.1M
Net Receivables	54.9M	61.4M	83.1M	80.8M	99.7M	62.8M
Common Stock Shares Outstanding	407.3M	400.8M	400.8M	412.0M	413.1M	424.0M
Liabilities And Stockholders Equity	2.3B	2.1B	2.2B	2.2B	2.3B	2.2B
Non Current Liabilities Total	1.1B	1.1B	1.2B	1.2B	1.2B	850.2M
Inventory	32M	37.6M	40.2M	40.6M	44.3M	35.0M
Other Current Assets	20.3M	23.1M	18.4M	19.3M	25.9M	35.0M
Total Liab	1.3B	1.4B	1.5B	1.4B	1.6B	1.1B
Property Plant And Equipment Gross	1.6B	1.5B	2.3B	2.4B	2.5B	1.6B
Total Current Assets	204.5M	250.1M	342M	218.9M	219.5M	254.7M
Accumulated Other Comprehensive Income	375.6M	374M	372.9M	382.7M	379.4M	268.9M
Short Term Debt	79.2M	81.4M	92.5M	95.7M	101.8M	83.6M
Property Plant Equipment	1.6B	1.5B	1.6B	1.6B	1.8B	1.4B
Net Tangible Assets	422.1M	388.8M	374.8M	385.2M	443.0M	350.1M
Retained Earnings	(264.2M)	(496.4M)	(496.1M)	(485.7M)	(472.8M)	(496.4M)
Non Currrent Assets Other	(2.1B)	(1.9B)	4.8M	1.1M	(8.9M)	(9.3M)
Short Long Term Debt	1.7M	2.2M	5.7M	2.9M	3.4M	3.2M
Net Invested Capital	1.4B	1.1B	1.1B	1.1B	1.1B	1.0B
Net Working Capital	6.5M	(3.8M)	44.7M	(63.4M)	(97M)	(92.2M)

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Other Information on Investing in Spire Stock

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

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Spire Cash And Short Term Investments vs Other Current Liab Analysis

Cash And Short Term Investments vs Other Current Liab

Cash And Short Term Investments vs Other Current Liab Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Liab

Spire Healthcare fundamental ratios Correlations

Spire Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Spire Healthcare fundamental ratios Accounts

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Other Information on Investing in Spire Stock

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Short Term Debt	+ 0.99	Other Current Liab
Total Liab	+ 0.99	Net Debt

Other Stockholder Equity	- 0.99	Other Liab
Other Assets	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.98	Long Term Debt
Total Liab	- 0.93	Total Stockholder Equity
Long Term Debt	- 0.91	Total Stockholder Equity
Net Debt	- 0.91	Total Stockholder Equity