Health Total Liabilities vs Cash and Equivalents Analysis

Health Assurance financial indicator trend analysis is much more than just examining Health Assurance Acq latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Health Assurance Acq is a good investment. Please check the relationship between Health Assurance Total Liabilities and its Cash and Equivalents accounts. Check out Risk vs Return Analysis.

Total Liabilities vs Cash and Equivalents

Total Liabilities vs Cash and Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Health Assurance Acq Total Liabilities account and Cash and Equivalents. At this time, the significance of the direction appears to have totally related.
The correlation between Health Assurance's Total Liabilities and Cash and Equivalents is 1.0. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Cash and Equivalents in the same time period over historical financial statements of Health Assurance Acquisition, assuming nothing else is changed. The correlation between historical values of Health Assurance's Total Liabilities and Cash and Equivalents 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 Liabilities of Health Assurance Acquisition are associated (or correlated) with its Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Total Liabilities i.e., Health Assurance's Total Liabilities and Cash and Equivalents go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liabilities

Deferred Income Tax is recorded on Health Assurance Acquisition balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Health Assurance books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.
Most indicators from Health Assurance fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Health Assurance Acq 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 Risk vs Return Analysis.Health Assurance Enterprise Value over EBIT is projected to increase significantly based on the last few years of reporting. The past year's Enterprise Value over EBIT was at 12.00. The current year Enterprise Value over EBITDA is expected to grow to 12.43, whereas Selling General and Administrative Expense is forecasted to decline to about 6.2 M.

Health Assurance fundamental ratios Correlations

Health Assurance Account Relationship Matchups

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Check out Risk vs Return Analysis. Note that the Health Assurance Acq information on this page should be used as a complementary analysis to other Health Assurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Other Tools for Health Stock

When running Health Assurance Acq price analysis, check to measure Health Assurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Health Assurance is operating at the current time. Most of Health Assurance's value examination focuses on studying past and present price action to predict the probability of Health Assurance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Health Assurance's price. Additionally, you may evaluate how the addition of Health Assurance to your portfolios can decrease your overall portfolio volatility.
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