Worldwide Total Liab vs Other Assets Analysis
WWH Stock | 327.00 4.00 1.24% |
Worldwide Healthcare financial indicator trend analysis is more than just analyzing Worldwide Healthcare current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Worldwide Healthcare is a good investment. Please check the relationship between Worldwide Healthcare Total Liab and its Other Assets accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worldwide Healthcare Trust. 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 Liab vs Other Assets
Total Liab vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Worldwide Healthcare Total Liab account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Worldwide Healthcare's Total Liab and Other Assets is -0.24. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Worldwide Healthcare Trust, assuming nothing else is changed. The correlation between historical values of Worldwide Healthcare's Total Liab and Other 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 Liab of Worldwide Healthcare Trust are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Total Liab i.e., Worldwide Healthcare's Total Liab and Other Assets go up and down completely randomly.
Correlation Coefficient | -0.24 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Other Assets
Most indicators from Worldwide Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Worldwide 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worldwide Healthcare Trust. 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 17.1 M, whereas Tax Provision is forecasted to decline to about 2.5 M.
Worldwide Healthcare fundamental ratios Correlations
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Worldwide Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Worldwide Healthcare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.7B | 2.5B | 2.4B | 2.2B | 2.2B | 2.3B | |
Total Stockholder Equity | 1.5B | 2.4B | 2.3B | 2.2B | 2.1B | 2.2B | |
Retained Earnings | 1.1B | 1.6B | 1.4B | 1.3B | 1.2B | 1.3B | |
Cash | 3.8M | 29.6M | 26.6M | 58.9M | 73.8M | 77.5M | |
Other Assets | 3.5M | 18.9M | 283K | 209K | 3.7M | 4.4M | |
Total Liab | 164.7M | 101.2M | 153.2M | 99.2M | 112.8M | 79.0M | |
Common Stock | 13.4M | 16.1M | 16.4M | 16.3M | 15.0M | 13.6M | |
Common Stock Shares Outstanding | 531.5M | 594.9M | 653.1M | 644.7M | 585.3M | 614.6M | |
Other Current Liab | 10.4M | (49.9M) | (113.6M) | (55.9M) | (68.9M) | (65.5M) | |
Total Current Liabilities | 164.7M | 101.2M | 153.2M | 99.2M | 120.2M | 79.0M | |
Net Debt | 150.5M | 20.3M | 87.0M | (3.0M) | (4.9M) | (4.6M) | |
Non Current Assets Total | 1.7B | 2.4B | 2.4B | 2.2B | 2.1B | 1.1B | |
Non Currrent Assets Other | (3.5M) | (18.9M) | (283K) | (209K) | (2.1B) | (2.0B) | |
Cash And Short Term Investments | 3.8M | 29.6M | 26.6M | 58.9M | 73.8M | 77.5M | |
Net Receivables | 7.9M | 13.0M | 10.6M | 88K | 6.5M | 5.1M | |
Common Stock Total Equity | 12.5M | 13.2M | 13.4M | 16.1M | 18.5M | 13.7M | |
Liabilities And Stockholders Equity | 1.7B | 2.5B | 2.4B | 2.2B | 2.2B | 1.1B | |
Other Stockholder Equity | (1.0B) | (1.1B) | (746.3M) | 841.6M | (351.8M) | (334.2M) | |
Total Current Assets | 18.4M | 47.8M | 41.3M | 63.3M | 84.0M | 88.2M | |
Non Current Liabilities Total | 154.3M | 49.9M | 113.6M | 55.9M | 68.9M | 81.6M | |
Other Current Assets | 14.6M | 18.2M | 14.7M | 4.4M | 10.2M | 8.3M | |
Net Tangible Assets | 1.4B | 1.5B | 2.4B | 2.3B | 2.6B | 1.6B | |
Long Term Investments | 1.7B | 2.4B | 2.4B | 2.2B | 2.1B | 1.8B | |
Capital Surpluse | 317.4M | 389.2M | 418.4M | 796.4M | 915.8M | 474.1M | |
Inventory | (7.9M) | (13.0M) | (10.6M) | (88K) | 82.0M | 86.1M | |
Short Term Investments | (3.5M) | (18.9M) | (283K) | (209K) | (240.4K) | (252.4K) | |
Capital Stock | 13.4M | 16.1M | 16.4M | 16.3M | 15.0M | 16.6M |
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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 Worldwide Stock
Balance Sheet is a snapshot of the financial position of Worldwide Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Worldwide Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Worldwide 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 Worldwide currently owns. An asset can also be divided into two categories, current and non-current.