| UHT Stock | | | USD 40.93 0.28 0.69% |
Universal Health financial indicator trend analysis is much more than just breaking down Universal Health Realty prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Health Realty is a good investment. Please check the relationship between Universal Health Cash And Short Term Investments and its Total Current Liabilities accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Health Realty. 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.
Cash And Short Term Investments vs Total Current Liabilities
Cash And Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Universal Health Realty Cash And Short Term Investments account and
Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Universal Health's Cash And Short Term Investments and Total Current Liabilities is -0.36. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Universal Health Realty, assuming nothing else is changed. The correlation between historical values of Universal Health's Cash And Short Term Investments and Total Current Liabilities 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 Universal Health Realty are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash And Short Term Investments i.e., Universal Health's Cash And Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.36 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Universal Health Realty balance sheet. This account contains Universal Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Universal Health Realty 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.
Total Current Liabilities
Total Current Liabilities is an item on Universal Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Universal Health Realty 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.
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 Realty 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 Realty. 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.
Issuance Of Capital Stock is likely to gain to about 174
K in 2024, whereas
Selling General Administrative is likely to drop slightly above 4.8
M in 2024.
Universal Health fundamental ratios Correlations
Click cells to compare fundamentals
Universal Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Universal Health fundamental ratios Accounts
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Additional Tools for Universal Stock Analysis
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