CVS Cash And Short Term Investments vs Other Current Assets Analysis

0HRS Stock

63.33 0.25 0.39%

CVS Health financial indicator trend analysis is way more than just evaluating CVS Health Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health Corp is a good investment. Please check the relationship between CVS Health Cash And Short Term Investments and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. 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.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CVS Health Corp Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between CVS Health's Cash And Short Term Investments and Other Current Assets is 0.78. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of CVS Health Corp, assuming nothing else is changed. The correlation between historical values of CVS Health's Cash And Short Term Investments and Other Current 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 Cash And Short Term Investments of CVS Health Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., CVS Health's Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of CVS Health Corp balance sheet. This account contains CVS Health investments that will expire within one year. These investments include stocks and bonds that can be liquidated by CVS Health Corp 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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from CVS Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CVS Health Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. 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.

Selling General Administrative is likely to gain to about 46.3 B in 2025, whereas Tax Provision is likely to drop slightly above 2.2 B in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	54.5B	54.4B	51.4B	54.0B
Total Revenue	322.5B	357.8B	372.8B	391.4B

Gross Profit Total Revenue

CVS 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	Good Will	Common Stock	Current Deferred Revenue
Total Assets		0.98	0.97	0.97	0.97	0.94	0.97	0.92	0.88	1.0	0.96	0.93	0.94	0.38	0.98	0.91	0.84	-0.84	1.0	0.98	0.85	0.93	0.94	0.99	0.94	0.64
Short Long Term Debt Total	0.98		0.94	0.93	0.92	0.92	1.0	0.86	0.82	0.99	0.97	0.88	0.88	0.32	1.0	0.88	0.88	-0.86	0.99	0.94	0.85	0.96	0.88	0.96	0.95	0.58
Other Current Liab	0.97	0.94		1.0	0.94	0.91	0.92	0.92	0.9	0.96	0.9	0.93	0.98	0.31	0.92	0.85	0.74	-0.85	0.97	0.98	0.87	0.85	0.96	0.97	0.93	0.67
Total Current Liabilities	0.97	0.93	1.0		0.95	0.92	0.91	0.95	0.9	0.96	0.89	0.92	0.98	0.3	0.91	0.87	0.72	-0.86	0.97	0.99	0.89	0.84	0.98	0.97	0.92	0.69
Total Stockholder Equity	0.97	0.92	0.94	0.95		0.92	0.91	0.94	0.88	0.97	0.9	0.92	0.92	0.53	0.92	0.92	0.81	-0.75	0.95	0.97	0.81	0.89	0.93	0.96	0.88	0.68
Property Plant And Equipment Net	0.94	0.92	0.91	0.92	0.92		0.9	0.85	0.89	0.94	0.9	0.92	0.86	0.52	0.91	0.84	0.83	-0.76	0.93	0.92	0.86	0.82	0.88	0.89	0.87	0.55
Net Debt	0.97	1.0	0.92	0.91	0.91	0.9		0.85	0.78	0.98	0.97	0.85	0.86	0.3	0.99	0.87	0.88	-0.86	0.98	0.92	0.85	0.97	0.86	0.96	0.94	0.59
Retained Earnings	0.92	0.86	0.92	0.95	0.94	0.85	0.85		0.84	0.9	0.79	0.85	0.95	0.36	0.84	0.96	0.64	-0.82	0.91	0.96	0.84	0.8	0.98	0.93	0.84	0.71
Cash	0.88	0.82	0.9	0.9	0.88	0.89	0.78	0.84		0.86	0.82	0.99	0.86	0.45	0.82	0.8	0.71	-0.7	0.87	0.92	0.71	0.72	0.89	0.84	0.8	0.4
Non Current Assets Total	1.0	0.99	0.96	0.96	0.97	0.94	0.98	0.9	0.86		0.97	0.92	0.92	0.38	0.99	0.9	0.87	-0.84	1.0	0.97	0.85	0.95	0.92	0.98	0.95	0.63
Non Currrent Assets Other	0.96	0.97	0.9	0.89	0.9	0.9	0.97	0.79	0.82	0.97		0.89	0.81	0.36	0.98	0.81	0.95	-0.8	0.96	0.89	0.78	0.96	0.81	0.92	0.93	0.5
Cash And Short Term Investments	0.93	0.88	0.93	0.92	0.92	0.92	0.85	0.85	0.99	0.92	0.89		0.88	0.44	0.89	0.82	0.78	-0.75	0.92	0.94	0.74	0.8	0.9	0.88	0.86	0.44
Net Receivables	0.94	0.88	0.98	0.98	0.92	0.86	0.86	0.95	0.86	0.92	0.81	0.88		0.27	0.86	0.85	0.62	-0.81	0.93	0.97	0.85	0.78	0.98	0.96	0.86	0.75
Common Stock Shares Outstanding	0.38	0.32	0.31	0.3	0.53	0.52	0.3	0.36	0.45	0.38	0.36	0.44	0.27		0.34	0.43	0.46	-0.04	0.33	0.37	0.2	0.35	0.31	0.31	0.24	0.22
Non Current Liabilities Total	0.98	1.0	0.92	0.91	0.92	0.91	0.99	0.84	0.82	0.99	0.98	0.89	0.86	0.34		0.87	0.9	-0.84	0.98	0.93	0.81	0.97	0.86	0.95	0.94	0.54
Inventory	0.91	0.88	0.85	0.87	0.92	0.84	0.87	0.96	0.8	0.9	0.81	0.82	0.85	0.43	0.87		0.73	-0.79	0.89	0.92	0.78	0.87	0.91	0.9	0.83	0.58
Other Current Assets	0.84	0.88	0.74	0.72	0.81	0.83	0.88	0.64	0.71	0.87	0.95	0.78	0.62	0.46	0.9	0.73		-0.67	0.84	0.75	0.67	0.91	0.64	0.78	0.83	0.37
Other Stockholder Equity	-0.84	-0.86	-0.85	-0.86	-0.75	-0.76	-0.86	-0.82	-0.7	-0.84	-0.8	-0.75	-0.81	-0.04	-0.84	-0.79	-0.67		-0.86	-0.84	-0.85	-0.8	-0.84	-0.84	-0.95	-0.46
Total Liab	1.0	0.99	0.97	0.97	0.95	0.93	0.98	0.91	0.87	1.0	0.96	0.92	0.93	0.33	0.98	0.89	0.84	-0.86		0.97	0.86	0.94	0.93	0.98	0.95	0.62
Total Current Assets	0.98	0.94	0.98	0.99	0.97	0.92	0.92	0.96	0.92	0.97	0.89	0.94	0.97	0.37	0.93	0.92	0.75	-0.84	0.97		0.85	0.87	0.98	0.97	0.91	0.66
Short Term Debt	0.85	0.85	0.87	0.89	0.81	0.86	0.85	0.84	0.71	0.85	0.78	0.74	0.85	0.2	0.81	0.78	0.67	-0.85	0.86	0.85		0.73	0.85	0.86	0.86	0.71
Intangible Assets	0.93	0.96	0.85	0.84	0.89	0.82	0.97	0.8	0.72	0.95	0.96	0.8	0.78	0.35	0.97	0.87	0.91	-0.8	0.94	0.87	0.73		0.79	0.92	0.91	0.53
Accounts Payable	0.94	0.88	0.96	0.98	0.93	0.88	0.86	0.98	0.89	0.92	0.81	0.9	0.98	0.31	0.86	0.91	0.64	-0.84	0.93	0.98	0.85	0.79		0.95	0.87	0.67
Good Will	0.99	0.96	0.97	0.97	0.96	0.89	0.96	0.93	0.84	0.98	0.92	0.88	0.96	0.31	0.95	0.9	0.78	-0.84	0.98	0.97	0.86	0.92	0.95		0.92	0.71
Common Stock	0.94	0.95	0.93	0.92	0.88	0.87	0.94	0.84	0.8	0.95	0.93	0.86	0.86	0.24	0.94	0.83	0.83	-0.95	0.95	0.91	0.86	0.91	0.87	0.92		0.51
Current Deferred Revenue	0.64	0.58	0.67	0.69	0.68	0.55	0.59	0.71	0.4	0.63	0.5	0.44	0.75	0.22	0.54	0.58	0.37	-0.46	0.62	0.66	0.71	0.53	0.67	0.71	0.51

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CVS Health Account Relationship Matchups

CVS Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	230.7B	233.0B	228.3B	249.7B	253.2B	265.9B
Short Long Term Debt Total	85.0B	76.0B	70.7B	79.4B	82.9B	87.1B
Other Current Liab	43.8B	49.4B	51.1B	59.6B	61.2B	64.3B
Total Current Liabilities	62.0B	67.8B	69.4B	79.2B	84.6B	88.8B
Total Stockholder Equity	69.4B	75.1B	71.5B	76.5B	75.6B	79.3B
Property Plant And Equipment Net	33.3B	32.0B	30.7B	30.4B	28.9B	30.4B
Net Debt	77.2B	66.6B	57.8B	71.2B	74.3B	78.1B
Retained Earnings	49.6B	54.9B	56.4B	61.6B	62.8B	66.0B
Cash	7.9B	9.4B	12.9B	8.2B	8.6B	9.0B
Non Current Assets Total	174.3B	173.0B	162.6B	181.9B	184.6B	193.8B
Non Currrent Assets Other	9.5B	9.8B	7.8B	7.9B	8.1B	8.5B
Cash And Short Term Investments	10.9B	12.5B	15.7B	11.5B	11.0B	11.5B
Net Receivables	21.7B	24.4B	27.3B	35.2B	36.5B	38.3B
Common Stock Shares Outstanding	1.3B	1.3B	1.3B	1.3B	1.3B	994.3M
Liabilities And Stockholders Equity	230.7B	233.0B	228.3B	249.7B	253.2B	265.9B
Non Current Liabilities Total	99.0B	89.8B	87.1B	93.9B	92.9B	97.5B
Inventory	18.5B	17.8B	19.1B	18.0B	18.1B	19.0B
Other Current Assets	5.3B	5.3B	3.5B	3.2B	3.1B	3.2B
Other Stockholder Equity	(28.2B)	(28.2B)	(31.9B)	(33.8B)	(36.8B)	(35.0B)
Total Liab	161.0B	157.6B	156.5B	173.1B	177.5B	186.4B
Total Current Assets	56.4B	60.0B	65.6B	67.9B	68.6B	72.1B
Accumulated Other Comprehensive Income	1.4B	965M	(1.3B)	(297M)	(120M)	(126M)
Short Term Debt	7.1B	5.9B	3.5B	4.7B	7.5B	7.9B
Intangible Assets	31.1B	29.0B	24.8B	29.2B	27.3B	28.7B
Accounts Payable	11.1B	12.5B	14.8B	14.9B	15.9B	16.7B
Good Will	79.6B	79.1B	78.2B	91.3B	105.0B	110.2B
Common Stock	46.5B	47.4B	48.2B	49.0B	49.7B	52.1B
Current Deferred Revenue	38.0B	43.8B	3.9B	57.1B	65.7B	69.0B
Short Term Investments	3B	3.1B	2.8B	3.3B	2.4B	1.3B
Other Assets	9.1B	9.5B	9.8B	7.8B	9.0B	5.4B
Property Plant Equipment	32.9B	33.3B	32.0B	30.7B	35.4B	25.3B
Other Liab	21.4B	21.0B	19.7B	19.9B	22.9B	20.0B
Net Tangible Assets	(49.0B)	(41.3B)	(33.1B)	(31.9B)	(28.7B)	(30.1B)

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CVS Cash And Short Term Investments vs Other Current Assets Analysis

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

CVS Health fundamental ratios Correlations

CVS Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

CVS Health fundamental ratios Accounts

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Additional Tools for CVS Stock Analysis

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Non Current Assets Total

Common Stock	- 0.95	Other Stockholder Equity
Total Liab	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Net Debt
Other Stockholder Equity	- 0.86	Total Current Liabilities
Other Stockholder Equity	- 0.86	Short Long Term Debt Total
Short Term Debt	- 0.85	Other Stockholder Equity