Universal Long Term Debt vs Accumulated Depreciation Analysis

UHS Stock

USD 197.94 0.33 0.17%

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

Long Term Debt vs Accumulated Depreciation

Long Term Debt vs Accumulated Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Health Services Long Term Debt account and Accumulated Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Universal Health's Long Term Debt and Accumulated Depreciation is -0.56. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Accumulated Depreciation in the same time period over historical financial statements of Universal Health Services, assuming nothing else is changed. The correlation between historical values of Universal Health's Long Term Debt and Accumulated Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Universal Health Services are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Long Term Debt i.e., Universal Health's Long Term Debt and Accumulated Depreciation go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that Universal Health Services has held for over one year. Long-term debt appears on Universal Health Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Universal Health Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for Universal Health Services fixed asset that has been charged to Universal Health expense since that asset was acquired and made available for Universal Health use. The accumulated depreciation account is Universal Health Services asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by Universal Health Services.

Most indicators from Universal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Health Services 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 Universal Health Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, Universal Health's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 237.3 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.34 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	83.7M	126.9M	207.2M	217.6M
Depreciation And Amortization	533.2M	581.9M	568.0M	596.4M

Interest Expense Depreciation And Amortization

Universal Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.96	0.77	0.94	0.98	0.99	0.88	0.98	0.31	1.0	0.43	0.31	0.98	-0.93	0.93	0.97	0.87	-0.96	0.98	0.95	0.58	-0.35	0.37	0.82	0.45	0.32
Short Long Term Debt Total	0.96		0.67	0.83	0.88	0.95	0.97	0.89	0.12	0.96	0.26	0.12	0.96	-0.94	0.99	0.93	0.87	-0.91	0.99	0.87	0.46	-0.17	0.27	0.84	0.52	0.37
Other Current Liab	0.77	0.67		0.81	0.8	0.77	0.59	0.8	0.31	0.75	0.33	0.31	0.79	-0.64	0.63	0.79	0.74	-0.78	0.72	0.78	0.59	-0.61	0.31	0.75	0.13	0.02
Total Current Liabilities	0.94	0.83	0.81		0.95	0.93	0.7	0.95	0.53	0.92	0.47	0.53	0.9	-0.83	0.79	0.93	0.77	-0.91	0.9	0.96	0.78	-0.44	0.31	0.77	0.28	0.17
Total Stockholder Equity	0.98	0.88	0.8	0.95		0.97	0.79	1.0	0.36	0.97	0.53	0.36	0.95	-0.86	0.84	0.95	0.84	-0.97	0.92	0.93	0.63	-0.51	0.47	0.79	0.34	0.22
Property Plant And Equipment Net	0.99	0.95	0.77	0.93	0.97		0.89	0.97	0.26	0.98	0.35	0.26	0.98	-0.93	0.92	0.99	0.92	-0.98	0.97	0.93	0.56	-0.38	0.3	0.89	0.33	0.19
Net Debt	0.88	0.97	0.59	0.7	0.79	0.89		0.81	-0.12	0.9	0.18	-0.12	0.91	-0.89	0.96	0.86	0.84	-0.85	0.92	0.73	0.33	-0.12	0.29	0.82	0.53	0.37
Retained Earnings	0.98	0.89	0.8	0.95	1.0	0.97	0.81		0.34	0.98	0.5	0.34	0.95	-0.87	0.85	0.96	0.85	-0.98	0.93	0.93	0.62	-0.5	0.45	0.81	0.34	0.22
Cash	0.31	0.12	0.31	0.53	0.36	0.26	-0.12	0.34		0.24	0.36	1.0	0.21	-0.23	0.12	0.3	0.12	-0.23	0.27	0.55	0.53	-0.2	-0.07	0.06	-0.03	-0.02
Non Current Assets Total	1.0	0.96	0.75	0.92	0.97	0.98	0.9	0.98	0.24		0.45	0.24	0.97	-0.93	0.94	0.96	0.86	-0.96	0.98	0.92	0.55	-0.34	0.41	0.82	0.47	0.35
Non Currrent Assets Other	0.43	0.26	0.33	0.47	0.53	0.35	0.18	0.5	0.36	0.45		0.36	0.26	-0.31	0.22	0.29	0.11	-0.35	0.31	0.33	0.36	-0.33	0.74	-0.02	0.39	0.45
Cash And Short Term Investments	0.31	0.12	0.31	0.53	0.36	0.26	-0.12	0.34	1.0	0.24	0.36		0.21	-0.23	0.12	0.3	0.12	-0.23	0.27	0.55	0.53	-0.2	-0.07	0.06	-0.03	-0.02
Net Receivables	0.98	0.96	0.79	0.9	0.95	0.98	0.91	0.95	0.21	0.97	0.26	0.21		-0.91	0.93	0.97	0.91	-0.97	0.97	0.93	0.56	-0.38	0.31	0.89	0.38	0.22
Common Stock Shares Outstanding	-0.93	-0.94	-0.64	-0.83	-0.86	-0.93	-0.89	-0.87	-0.23	-0.93	-0.31	-0.23	-0.91		-0.94	-0.91	-0.83	0.89	-0.95	-0.87	-0.44	0.14	-0.25	-0.79	-0.51	-0.32
Non Current Liabilities Total	0.93	0.99	0.63	0.79	0.84	0.92	0.96	0.85	0.12	0.94	0.22	0.12	0.93	-0.94		0.9	0.86	-0.87	0.98	0.86	0.36	-0.09	0.21	0.81	0.57	0.42
Inventory	0.97	0.93	0.79	0.93	0.95	0.99	0.86	0.96	0.3	0.96	0.29	0.3	0.97	-0.91	0.9		0.93	-0.97	0.96	0.94	0.56	-0.39	0.22	0.92	0.25	0.1
Other Current Assets	0.87	0.87	0.74	0.77	0.84	0.92	0.84	0.85	0.12	0.86	0.11	0.12	0.91	-0.83	0.86	0.93		-0.9	0.88	0.84	0.36	-0.34	0.1	0.94	0.15	-0.01
Other Stockholder Equity	-0.96	-0.91	-0.78	-0.91	-0.97	-0.98	-0.85	-0.98	-0.23	-0.96	-0.35	-0.23	-0.97	0.89	-0.87	-0.97	-0.9		-0.93	-0.91	-0.57	0.46	-0.35	-0.89	-0.27	-0.12
Total Liab	0.98	0.99	0.72	0.9	0.92	0.97	0.92	0.93	0.27	0.98	0.31	0.27	0.97	-0.95	0.98	0.96	0.88	-0.93		0.93	0.52	-0.21	0.26	0.84	0.5	0.35
Total Current Assets	0.95	0.87	0.78	0.96	0.93	0.93	0.73	0.93	0.55	0.92	0.33	0.55	0.93	-0.87	0.86	0.94	0.84	-0.91	0.93		0.64	-0.35	0.19	0.79	0.33	0.2
Short Term Debt	0.58	0.46	0.59	0.78	0.63	0.56	0.33	0.62	0.53	0.55	0.36	0.53	0.56	-0.44	0.36	0.56	0.36	-0.57	0.52	0.64		-0.41	0.23	0.43	0.06	0.0
Intangible Assets	-0.35	-0.17	-0.61	-0.44	-0.51	-0.38	-0.12	-0.5	-0.2	-0.34	-0.33	-0.2	-0.38	0.14	-0.09	-0.39	-0.34	0.46	-0.21	-0.35	-0.41		-0.54	-0.37	0.34	0.38
Accounts Payable	0.37	0.27	0.31	0.31	0.47	0.3	0.29	0.45	-0.07	0.41	0.74	-0.07	0.31	-0.25	0.21	0.22	0.1	-0.35	0.26	0.19	0.23	-0.54		0.0	0.43	0.44
Property Plant And Equipment Gross	0.82	0.84	0.75	0.77	0.79	0.89	0.82	0.81	0.06	0.82	-0.02	0.06	0.89	-0.79	0.81	0.92	0.94	-0.89	0.84	0.79	0.43	-0.37	0.0		0.04	-0.14
Common Stock Total Equity	0.45	0.52	0.13	0.28	0.34	0.33	0.53	0.34	-0.03	0.47	0.39	-0.03	0.38	-0.51	0.57	0.25	0.15	-0.27	0.5	0.33	0.06	0.34	0.43	0.04		0.95
Common Stock	0.32	0.37	0.02	0.17	0.22	0.19	0.37	0.22	-0.02	0.35	0.45	-0.02	0.22	-0.32	0.42	0.1	-0.01	-0.12	0.35	0.2	0.0	0.38	0.44	-0.14	0.95

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Universal Health Account Relationship Matchups

Universal Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7B	13.5B	13.1B	13.5B	14.0B	14.7B
Short Long Term Debt Total	4.3B	4.2B	4.6B	5.3B	5.4B	5.6B
Other Current Liab	147.0M	1.0B	1.1B	1.1B	1.1B	1.2B
Total Current Liabilities	1.6B	2.5B	2.0B	1.9B	2.0B	2.1B
Total Stockholder Equity	5.5B	6.3B	6.1B	5.9B	6.1B	6.5B
Property Plant And Equipment Net	5.3B	5.7B	6.2B	6.4B	6.6B	6.9B
Net Debt	4.2B	3.0B	4.4B	5.2B	5.2B	5.5B
Retained Earnings	5.9B	6.7B	6.6B	6.5B	6.8B	7.1B
Cash	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Non Current Assets Total	9.8B	10.2B	10.8B	11.0B	11.2B	11.7B
Non Currrent Assets Other	516.8M	575.0M	573.4M	305.5M	271.3M	228.7M
Cash And Short Term Investments	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Net Receivables	1.6B	1.7B	1.7B	2.0B	2.2B	2.4B
Common Stock Shares Outstanding	89.0M	85.6M	83.7M	73.8M	70.1M	88.5M
Liabilities And Stockholders Equity	11.7B	13.5B	13.1B	13.5B	14.0B	14.7B
Non Current Liabilities Total	4.5B	4.6B	4.9B	5.6B	5.8B	6.0B
Inventory	159.9M	190.4M	206.8M	218.5M	217.0M	227.8M
Other Current Assets	133.9M	138.0M	194.8M	198.3M	236.7M	248.5M
Other Stockholder Equity	(462.2M)	(479.5M)	(545.5M)	(604.1M)	(659.9M)	(626.9M)
Total Liab	6.1B	7.1B	6.9B	7.5B	7.8B	8.2B
Total Current Assets	1.9B	3.3B	2.3B	2.5B	2.8B	3.0B
Short Term Debt	144.0M	451.6M	177.4M	217.0M	269.9M	283.4M
Intangible Assets	83.7M	82.6M	81.0M	78.1M	77.0M	73.2M
Accounts Payable	1.3B	570.5M	658.9M	636.6M	614.0M	426.3M
Property Plant And Equipment Gross	5.3B	5.7B	10.8B	11.5B	12.2B	12.8B
Accumulated Other Comprehensive Income	31.9M	48.1M	30.3M	(9.7M)	9.3M	9.8M
Common Stock Total Equity	914K	867K	851K	771K	886.7K	821.9K
Common Stock	867K	851K	771K	710K	672K	817.0K
Other Liab	355.0M	786.7M	464.8M	487.7M	560.8M	390.4M
Other Assets	316.4M	602.7M	625.6M	674.3M	775.4M	814.2M
Long Term Debt	3.9B	3.5B	4.1B	4.7B	4.8B	2.8B
Good Will	3.9B	3.9B	4.0B	3.9B	3.9B	2.5B
Property Plant Equipment	5.0B	5.4B	6.2B	6.4B	7.3B	7.7B
Net Tangible Assets	5.8B	6.9B	2.1B	1.9B	2.2B	3.9B
Warrants	4.3M	4.3M	4.6M	5.1M	4.6M	4.4M
Noncontrolling Interest In Consolidated Entity	76.5M	74.8M	84.8M	103.4M	118.9M	71.4M
Retained Earnings Total Equity	5.4B	5.5B	6.3B	6.1B	7.0B	4.0B
Long Term Debt Total	3.9B	3.5B	4.1B	4.7B	5.4B	4.1B

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