| SPI Stock | | | 225.50 6.00 2.73% |
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 Total Current Liabilities and its Other Current Assets 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.
Total Current Liabilities vs Other Current Assets
Total Current Liabilities vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spire Healthcare Total Current Liabilities account and
Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Spire Healthcare's Total Current Liabilities and Other Current Assets is -0.18. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets 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 Total Current Liabilities and Other Current 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 Total Current Liabilities of Spire Healthcare Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., Spire Healthcare's Total Current Liabilities and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.18 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Spire Healthcare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Spire Healthcare Group 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.
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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.
Spire Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Spire Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spire Healthcare fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.