Cardinal Capital Expenditures vs Change In Cash Analysis

0HTG Stock

122.35 0.51 0.42%

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

For more information on how to buy Cardinal Stock please use our How to Invest in Cardinal Health guide.

Capital Expenditures vs Change In Cash

Capital Expenditures vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cardinal Health Capital Expenditures account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Cardinal Health's Capital Expenditures and Change In Cash is -0.07. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Cardinal Health, assuming nothing else is changed. The correlation between historical values of Cardinal Health's Capital Expenditures and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Cardinal Health are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Capital Expenditures i.e., Cardinal Health's Capital Expenditures and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Expenditures

Capital Expenditures are funds used by Cardinal Health to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cardinal Health operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change In Cash

Most indicators from Cardinal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cardinal Health 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 Cardinal Health. 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.

For more information on how to buy Cardinal Stock please use our How to Invest in Cardinal Health guide.Selling General Administrative is likely to drop to about 74.1 M in 2024. Tax Provision is likely to gain to about (247.1 M) in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	149M	93M	51M	48.5M
Depreciation And Amortization	723M	692M	710M	7.2M

Interest Expense Depreciation And Amortization

Cardinal 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	Common Stock	Good Will	Current Deferred Revenue
Total Assets		0.8	0.9	0.95	-0.04	0.97	0.43	0.09	0.73	0.9	-0.11	0.73	0.96	0.16	0.94	0.98	0.88	-0.7	0.97	0.98	0.57	0.74	0.95	0.72	0.55	0.58
Short Long Term Debt Total	0.8		0.56	0.62	0.37	0.73	0.76	0.44	0.64	0.89	0.07	0.64	0.65	0.3	0.75	0.7	0.69	-0.24	0.68	0.71	0.68	0.84	0.61	0.55	0.72	0.18
Other Current Liab	0.9	0.56		0.92	-0.13	0.91	0.11	0.0	0.72	0.7	-0.1	0.72	0.94	0.19	0.79	0.92	0.83	-0.8	0.9	0.94	0.45	0.45	0.91	0.78	0.27	0.58
Total Current Liabilities	0.95	0.62	0.92		-0.3	0.96	0.21	-0.14	0.71	0.76	-0.18	0.71	0.99	-0.02	0.9	0.98	0.85	-0.86	0.99	0.98	0.48	0.6	1.0	0.63	0.38	0.73
Total Stockholder Equity	-0.04	0.37	-0.13	-0.3		-0.11	0.51	0.96	-0.04	0.25	0.32	-0.04	-0.2	0.71	-0.23	-0.17	-0.12	0.53	-0.28	-0.17	0.26	0.21	-0.33	0.33	0.28	-0.69
Property Plant And Equipment Net	0.97	0.73	0.91	0.96	-0.11		0.41	0.02	0.63	0.87	-0.07	0.63	0.97	0.11	0.9	0.97	0.86	-0.75	0.96	0.96	0.48	0.74	0.96	0.7	0.5	0.64
Net Debt	0.43	0.76	0.11	0.21	0.51	0.41		0.51	-0.02	0.75	0.25	-0.02	0.21	0.27	0.41	0.33	0.41	0.17	0.29	0.25	0.38	0.88	0.21	0.24	0.77	-0.07
Retained Earnings	0.09	0.44	0.0	-0.14	0.96	0.02	0.51		0.07	0.34	0.37	0.07	-0.05	0.69	-0.15	-0.04	-0.03	0.3	-0.15	-0.03	0.3	0.29	-0.17	0.44	0.3	-0.59
Cash	0.73	0.64	0.72	0.71	-0.04	0.63	-0.02	0.07		0.48	-0.19	1.0	0.74	0.14	0.66	0.69	0.58	-0.56	0.71	0.79	0.59	0.25	0.69	0.56	0.2	0.36
Non Current Assets Total	0.9	0.89	0.7	0.76	0.25	0.87	0.75	0.34	0.48		0.04	0.48	0.77	0.29	0.84	0.84	0.78	-0.42	0.8	0.8	0.51	0.92	0.75	0.67	0.76	0.38
Non Currrent Assets Other	-0.11	0.07	-0.1	-0.18	0.32	-0.07	0.25	0.37	-0.19	0.04		-0.19	-0.17	0.18	-0.19	-0.19	0.01	0.12	-0.19	-0.17	-0.01	0.05	-0.19	0.04	0.07	-0.24
Cash And Short Term Investments	0.73	0.64	0.72	0.71	-0.04	0.63	-0.02	0.07	1.0	0.48	-0.19		0.74	0.14	0.66	0.69	0.58	-0.56	0.71	0.79	0.59	0.25	0.69	0.56	0.2	0.36
Net Receivables	0.96	0.65	0.94	0.99	-0.2	0.97	0.21	-0.05	0.74	0.77	-0.17	0.74		0.08	0.88	0.98	0.82	-0.83	0.97	0.99	0.48	0.58	0.98	0.71	0.37	0.67
Common Stock Shares Outstanding	0.16	0.3	0.19	-0.02	0.71	0.11	0.27	0.69	0.14	0.29	0.18	0.14	0.08		-0.03	0.08	0.07	0.17	-0.02	0.09	0.25	0.12	-0.05	0.73	0.44	-0.29
Non Current Liabilities Total	0.94	0.75	0.79	0.9	-0.23	0.9	0.41	-0.15	0.66	0.84	-0.19	0.66	0.88	-0.03		0.93	0.86	-0.63	0.95	0.92	0.46	0.73	0.9	0.52	0.6	0.69
Inventory	0.98	0.7	0.92	0.98	-0.17	0.97	0.33	-0.04	0.69	0.84	-0.19	0.69	0.98	0.08	0.93		0.87	-0.77	0.99	0.99	0.51	0.68	0.98	0.68	0.47	0.66
Other Current Assets	0.88	0.69	0.83	0.85	-0.12	0.86	0.41	-0.03	0.58	0.78	0.01	0.58	0.82	0.07	0.86	0.87		-0.59	0.87	0.87	0.65	0.65	0.83	0.55	0.54	0.55
Other Stockholder Equity	-0.7	-0.24	-0.8	-0.86	0.53	-0.75	0.17	0.3	-0.56	-0.42	0.12	-0.56	-0.83	0.17	-0.63	-0.77	-0.59		-0.8	-0.78	-0.18	-0.27	-0.87	-0.5	-0.06	-0.73
Total Liab	0.97	0.68	0.9	0.99	-0.28	0.96	0.29	-0.15	0.71	0.8	-0.19	0.71	0.97	-0.02	0.95	0.99	0.87	-0.8		0.98	0.48	0.66	0.99	0.61	0.46	0.73
Total Current Assets	0.98	0.71	0.94	0.98	-0.17	0.96	0.25	-0.03	0.79	0.8	-0.17	0.79	0.99	0.09	0.92	0.99	0.87	-0.78	0.98		0.56	0.61	0.97	0.69	0.42	0.64
Short Term Debt	0.57	0.68	0.45	0.48	0.26	0.48	0.38	0.3	0.59	0.51	-0.01	0.59	0.48	0.25	0.46	0.51	0.65	-0.18	0.48	0.56		0.42	0.45	0.39	0.35	-0.03
Intangible Assets	0.74	0.84	0.45	0.6	0.21	0.74	0.88	0.29	0.25	0.92	0.05	0.25	0.58	0.12	0.73	0.68	0.65	-0.27	0.66	0.61	0.42		0.6	0.41	0.8	0.33
Accounts Payable	0.95	0.61	0.91	1.0	-0.33	0.96	0.21	-0.17	0.69	0.75	-0.19	0.69	0.98	-0.05	0.9	0.98	0.83	-0.87	0.99	0.97	0.45	0.6		0.61	0.38	0.75
Common Stock	0.72	0.55	0.78	0.63	0.33	0.7	0.24	0.44	0.56	0.67	0.04	0.56	0.71	0.73	0.52	0.68	0.55	-0.5	0.61	0.69	0.39	0.41	0.61		0.47	0.25
Good Will	0.55	0.72	0.27	0.38	0.28	0.5	0.77	0.3	0.2	0.76	0.07	0.2	0.37	0.44	0.6	0.47	0.54	-0.06	0.46	0.42	0.35	0.8	0.38	0.47		0.3
Current Deferred Revenue	0.58	0.18	0.58	0.73	-0.69	0.64	-0.07	-0.59	0.36	0.38	-0.24	0.36	0.67	-0.29	0.69	0.66	0.55	-0.73	0.73	0.64	-0.03	0.33	0.75	0.25	0.3

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Cardinal Health Account Relationship Matchups

Cardinal Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	40.8B	44.5B	43.9B	43.4B	45.1B	656.5M
Short Long Term Debt Total	6.8B	6.2B	5.3B	4.7B	5.1B	188.4M
Other Current Liab	2.2B	3.1B	2.8B	3.0B	3.4B	42.6M
Total Current Liabilities	23.6B	27.6B	30.6B	33.7B	35.6B	214.1M
Total Stockholder Equity	1.8B	1.8B	(706M)	(2.9B)	(3.2B)	255.6M
Property Plant And Equipment Net	2.4B	2.4B	2.4B	2.5B	3.0B	39M
Net Debt	4.0B	2.8B	598M	658M	(41M)	121.8M
Retained Earnings	1.2B	1.2B	(280M)	(534M)	(286M)	93.6M
Cash	2.8B	3.4B	4.7B	4.0B	5.1B	66.6M
Non Current Assets Total	14.8B	13.4B	10.9B	9.6B	10.2B	77.9M
Non Currrent Assets Other	1.2B	951M	(8.4B)	1.0B	740M	38.9M
Cash And Short Term Investments	2.8B	3.4B	4.7B	4.0B	5.1B	66.6M
Net Receivables	8.3B	9.1B	10.6B	11.1B	12.1B	143.9M
Common Stock Shares Outstanding	293M	294M	279M	262M	247M	312.5M
Liabilities And Stockholders Equity	40.8B	44.5B	43.9B	43.4B	45.1B	656.5M
Non Current Liabilities Total	15.4B	15.0B	14.0B	12.6B	12.7B	186.8M
Inventory	13.2B	14.6B	15.6B	15.9B	15.0B	318.7M
Other Current Assets	1.7B	3.9B	2.0B	2.4B	2.7B	49.4M
Other Stockholder Equity	(2.1B)	(2.2B)	(3.1B)	(4.9B)	(5.7B)	184M
Total Liab	39.0B	42.7B	44.6B	46.3B	48.3B	400.9M
Total Current Assets	25.9B	31.0B	32.9B	33.8B	34.9B	578.6M
Accumulated Other Comprehensive Income	(104M)	(34M)	(114M)	(151M)	(167M)	(22M)
Short Term Debt	10M	871M	580M	792M	434M	3.1M
Intangible Assets	2.9B	2.1B	1.8B	1.5B	1.7B	23.7M
Accounts Payable	21.4B	23.7B	27.1B	29.9B	31.8B	168.4M
Common Stock	2.8B	2.8B	2.8B	2.7B	2.9B	2.0B
Good Will	8.4B	8.0B	5.9B	4.6B	4.7B	6.4B
Other Assets	732M	490M	496M	606M	545.4M	595.5M
Long Term Debt	8.0B	7.6B	6.7B	5.3B	4.8B	5.9B
Treasury Stock	(1.2B)	(1.8B)	(2.1B)	(2.2B)	(2.0B)	(2.1B)
Property Plant Equipment	2.8B	2.8B	2.8B	2.9B	3.3B	2.8B
Other Liab	8.2B	9.3B	8.9B	8.3B	9.5B	7.4B
Net Tangible Assets	(9.5B)	(8.3B)	(8.3B)	(8.9B)	(8.0B)	(8.4B)

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Cardinal Capital Expenditures vs Change In Cash Analysis

Capital Expenditures vs Change In Cash

Capital Expenditures vs Change In Cash Correlation Analysis

Correlation Coefficient

Capital Expenditures

Change In Cash

Cardinal Health fundamental ratios Correlations

Cardinal Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cardinal Health fundamental ratios Accounts

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Additional Tools for Cardinal Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Net Receivables	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Net Receivables
Total Liab	+ 0.99	Inventory

Accounts Payable	- 0.87	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Total Current Liabilities
Other Stockholder Equity	- 0.83	Net Receivables
Total Liab	- 0.8	Other Stockholder Equity
Other Stockholder Equity	- 0.8	Other Current Liab
Total Current Assets	- 0.78	Other Stockholder Equity