Spire Total Stockholder Equity vs Non Current Liabilities Total Analysis

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 Stockholder Equity and its Non Current Liabilities Total 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 Stockholder Equity vs Non Current Liabilities Total

Total Stockholder Equity vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Healthcare Total Stockholder Equity account and Non Current Liabilities Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Spire Healthcare's Total Stockholder Equity and Non Current Liabilities Total is -0.85. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Non Current Liabilities Total 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 Stockholder Equity and Non Current Liabilities Total 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 Stockholder Equity of Spire Healthcare Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Stockholder Equity i.e., Spire Healthcare's Total Stockholder Equity and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.85
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Liabilities Total

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 Expense87M91.5M93M72.1M
Depreciation And Amortization97.1M97.9M103.6M77.8M

Spire Healthcare fundamental ratios Correlations

0.58-0.31-0.14-0.250.340.980.580.280.220.990.250.270.22-0.1-0.390.630.60.39-0.03-0.380.570.7-0.03-0.27-0.41
0.580.30.35-0.910.760.491.0-0.410.440.550.890.810.440.250.03-0.040.91-0.210.51-0.790.990.290.120.260.07
-0.310.30.97-0.42-0.12-0.340.29-0.370.21-0.360.420.070.210.20.08-0.8-0.03-0.15-0.040.10.23-0.210.290.990.07
-0.140.350.97-0.4-0.17-0.160.34-0.180.29-0.210.410.00.290.28-0.11-0.710.040.07-0.180.140.280.030.360.98-0.08
-0.25-0.91-0.42-0.4-0.82-0.13-0.910.63-0.38-0.21-0.99-0.91-0.38-0.31-0.210.25-0.850.46-0.710.85-0.93-0.01-0.17-0.36-0.18
0.340.76-0.12-0.17-0.820.230.77-0.570.210.350.820.970.210.10.330.170.88-0.540.88-0.990.820.0-0.1-0.20.29
0.980.49-0.34-0.16-0.130.230.50.420.180.970.150.140.18-0.09-0.510.660.510.51-0.16-0.260.470.76-0.05-0.3-0.44
0.581.00.290.34-0.910.770.5-0.40.380.560.890.820.380.240.06-0.030.91-0.220.52-0.80.990.270.060.260.07
0.28-0.41-0.37-0.180.63-0.570.42-0.4-0.270.29-0.58-0.69-0.270.05-0.660.42-0.320.84-0.750.57-0.430.63-0.08-0.26-0.62
0.220.440.210.29-0.380.210.180.38-0.270.090.360.261.00.22-0.33-0.130.420.070.06-0.230.420.290.850.20.06
0.990.55-0.36-0.21-0.210.350.970.560.290.090.210.270.09-0.16-0.310.660.570.34-0.01-0.380.540.65-0.18-0.32-0.36
0.250.890.420.41-0.990.820.150.89-0.580.360.210.880.360.310.15-0.240.84-0.420.68-0.830.910.050.170.360.13
0.270.810.070.0-0.910.970.140.82-0.690.260.270.880.260.160.4-0.020.87-0.620.88-0.980.86-0.1-0.04-0.020.33
0.220.440.210.29-0.380.210.180.38-0.271.00.090.360.260.22-0.33-0.130.420.070.06-0.230.420.290.850.20.06
-0.10.250.20.28-0.310.1-0.090.240.050.22-0.160.310.160.22-0.18-0.440.280.13-0.01-0.150.260.270.370.2-0.17
-0.390.030.08-0.11-0.210.33-0.510.06-0.66-0.33-0.310.150.4-0.33-0.18-0.310.01-0.840.58-0.320.06-0.73-0.50.020.72
0.63-0.04-0.8-0.710.250.170.66-0.030.42-0.130.66-0.24-0.02-0.13-0.44-0.310.20.390.04-0.150.00.49-0.24-0.79-0.34
0.60.91-0.030.04-0.850.880.510.91-0.320.420.570.840.870.420.280.010.2-0.20.63-0.90.940.360.12-0.070.04
0.39-0.21-0.150.070.46-0.540.51-0.220.840.070.34-0.42-0.620.070.13-0.840.39-0.2-0.730.53-0.250.810.27-0.07-0.77
-0.030.51-0.04-0.18-0.710.88-0.160.52-0.750.06-0.010.680.880.06-0.010.580.040.63-0.73-0.870.58-0.34-0.14-0.150.44
-0.38-0.790.10.140.85-0.99-0.26-0.80.57-0.23-0.38-0.83-0.98-0.23-0.15-0.32-0.15-0.90.53-0.87-0.85-0.010.070.18-0.26
0.570.990.230.28-0.930.820.470.99-0.430.420.540.910.860.420.260.060.00.94-0.250.58-0.850.270.10.190.08
0.70.29-0.210.03-0.010.00.760.270.630.290.650.05-0.10.290.27-0.730.490.360.81-0.34-0.010.270.3-0.15-0.66
-0.030.120.290.36-0.17-0.1-0.050.06-0.080.85-0.180.17-0.040.850.37-0.5-0.240.120.27-0.140.070.10.30.29-0.27
-0.270.260.990.98-0.36-0.2-0.30.26-0.260.2-0.320.36-0.020.20.20.02-0.79-0.07-0.07-0.150.180.19-0.150.290.02
-0.410.070.07-0.08-0.180.29-0.440.07-0.620.06-0.360.130.330.06-0.170.72-0.340.04-0.770.44-0.260.08-0.66-0.270.02
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Spire Healthcare Account Relationship Matchups

Spire Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.1B2.2B2.2B2.3B2.2B
Short Long Term Debt Total1.2B1.2B1.3B1.2B1.3B924.0M
Other Current Liab69.8M114.4M154.8M119M139.2M127.5M
Total Current Liabilities207.5M253.9M302.1M283.4M317.6M201.6M
Total Stockholder Equity939.9M706.6M709.6M731M739.9M649.6M
Other Liab51.4M53.9M57.7M56.2M50.6M65.2M
Property Plant And Equipment Net1.6B1.5B1.6B1.6B1.6B1.4B
Net Debt1.1B1.1B1.1B1.1B1.2B851.9M
Accounts Payable58.5M58M51.7M67.2M63.9M55.9M
Cash90.8M106.3M202.6M74.2M49.6M72.1M
Non Current Assets Total2.1B1.9B1.9B1.9B2.1B2.0B
Long Term Debt419.1M418.6M421.8M321.4M361.9M574.7M
Cash And Short Term Investments90.8M106.3M202.6M74.2M49.6M72.1M
Net Receivables54.9M61.4M83.1M80.8M99.7M62.8M
Common Stock Shares Outstanding407.3M400.8M400.8M412.0M413.1M424.0M
Liabilities And Stockholders Equity2.3B2.1B2.2B2.2B2.3B2.2B
Non Current Liabilities Total1.1B1.1B1.2B1.2B1.2B850.2M
Inventory32M37.6M40.2M40.6M44.3M35.0M
Other Current Assets20.3M23.1M18.4M19.3M25.9M35.0M
Total Liab1.3B1.4B1.5B1.4B1.6B1.1B
Property Plant And Equipment Gross1.6B1.5B2.3B2.4B2.5B1.6B
Total Current Assets204.5M250.1M342M218.9M220.6M254.7M
Accumulated Other Comprehensive Income375.6M374M372.9M382.7M379.4M268.9M
Short Term Debt79.2M81.4M92.5M95.7M101.8M83.6M
Property Plant Equipment1.6B1.5B1.6B1.6B1.8B1.4B
Net Tangible Assets422.1M388.8M374.8M385.2M443.0M350.1M
Retained Earnings(264.2M)(496.4M)(496.1M)(485.7M)(472.8M)(496.4M)
Non Currrent Assets Other(2.1B)(1.9B)4.8M1.1M10M10.5M
Short Long Term Debt1.7M2.2M5.7M2.9M3.4M3.2M
Net Invested Capital1.4B1.1B1.1B1.1B1.1B1.0B
Net Working Capital6.5M(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.