Zota Short Term Debt vs Property Plant Equipment Analysis

ZOTA Stock   662.80  19.80  3.08%   
Zota Health financial indicator trend analysis is more than just analyzing Zota Health Care current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zota Health Care is a good investment. Please check the relationship between Zota Health Short Term Debt and its Property Plant Equipment accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zota Health Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Term Debt vs Property Plant Equipment

Short Term Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zota Health Care Short Term Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zota Health's Short Term Debt and Property Plant Equipment is 0.83. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Zota Health Care, assuming nothing else is changed. The correlation between historical values of Zota Health's Short Term Debt and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Zota Health Care are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Short Term Debt i.e., Zota Health's Short Term Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Short Term Debt

Property Plant Equipment

Most indicators from Zota Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zota Health Care 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 Zota Health Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Zota Health's Selling General Administrative is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 273.9 M in 2024, despite the fact that Tax Provision is likely to grow to (17.2 M).
 2021 2022 2023 2024 (projected)
Interest Expense141K25.6M47.9M50.3M
Depreciation And Amortization36.7M119.6M201.7M211.8M

Zota Health fundamental ratios Correlations

0.830.910.720.910.30.930.080.94-0.60.46-0.070.870.02-0.180.040.250.930.450.830.660.930.430.860.370.2
0.830.940.770.950.760.920.090.89-0.210.810.20.990.13-0.070.480.660.910.820.780.840.940.840.740.750.49
0.910.940.880.960.530.98-0.070.98-0.510.70.170.960.14-0.150.210.390.980.710.860.770.980.670.920.540.3
0.720.770.880.750.460.82-0.40.81-0.460.520.350.80.21-0.130.20.230.80.590.640.690.790.530.860.410.24
0.910.950.960.750.550.970.150.96-0.410.760.130.960.15-0.180.260.470.970.720.850.790.990.710.840.570.28
0.30.760.530.460.550.460.050.410.370.780.330.690.050.210.820.930.450.860.350.660.50.930.210.930.75
0.930.920.980.820.970.460.051.0-0.570.690.070.950.14-0.250.140.331.00.670.880.760.990.630.90.490.22
0.080.09-0.07-0.40.150.050.050.060.140.13-0.420.1-0.01-0.280.050.170.080.030.00.130.120.11-0.260.08-0.02
0.940.890.980.810.960.411.00.06-0.610.660.040.930.14-0.250.080.281.00.630.880.730.990.590.920.450.19
-0.6-0.21-0.51-0.46-0.410.37-0.570.14-0.610.010.29-0.320.040.330.630.51-0.580.04-0.53-0.1-0.50.14-0.730.270.31
0.460.810.70.520.760.780.690.130.660.010.250.760.090.010.450.710.690.960.570.660.730.940.520.790.41
-0.070.20.170.350.130.330.07-0.420.040.290.250.180.21-0.310.60.190.050.270.140.370.090.260.120.04-0.19
0.870.990.960.80.960.690.950.10.93-0.320.760.180.17-0.160.410.560.950.770.830.850.960.780.770.680.42
0.020.130.140.210.150.050.14-0.010.140.040.090.210.17-0.030.18-0.080.14-0.050.240.070.150.030.140.05-0.06
-0.18-0.07-0.15-0.13-0.180.21-0.25-0.28-0.250.330.01-0.31-0.16-0.030.020.36-0.260.08-0.28-0.34-0.230.12-0.150.410.7
0.040.480.210.20.260.820.140.050.080.630.450.60.410.180.020.780.120.510.160.490.190.62-0.110.630.47
0.250.660.390.230.470.930.330.170.280.510.710.190.56-0.080.360.780.320.770.230.530.390.860.060.920.79
0.930.910.980.80.970.451.00.081.0-0.580.690.050.950.14-0.260.120.320.660.880.760.990.630.90.480.21
0.450.820.710.590.720.860.670.030.630.040.960.270.77-0.050.080.510.770.660.50.660.70.980.510.840.53
0.830.780.860.640.850.350.880.00.88-0.530.570.140.830.24-0.280.160.230.880.50.660.870.50.790.370.1
0.660.840.770.690.790.660.760.130.73-0.10.660.370.850.07-0.340.490.530.760.660.660.780.690.540.530.29
0.930.940.980.790.990.50.990.120.99-0.50.730.090.960.15-0.230.190.390.990.70.870.780.670.880.530.24
0.430.840.670.530.710.930.630.110.590.140.940.260.780.030.120.620.860.630.980.50.690.670.420.910.63
0.860.740.920.860.840.210.9-0.260.92-0.730.520.120.770.14-0.15-0.110.060.90.510.790.540.880.420.260.05
0.370.750.540.410.570.930.490.080.450.270.790.040.680.050.410.630.920.480.840.370.530.530.910.260.85
0.20.490.30.240.280.750.22-0.020.190.310.41-0.190.42-0.060.70.470.790.210.530.10.290.240.630.050.85
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Zota Health Account Relationship Matchups

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