HCA Net Debt vs Cash Analysis

0J1R Stock

327.06 3.07 0.93%

HCA Healthcare financial indicator trend analysis is much more than just examining HCA Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HCA Healthcare is a good investment. Please check the relationship between HCA Healthcare Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HCA Healthcare. 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HCA Healthcare Net Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between HCA Healthcare's Net Debt and Cash is 0.58. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of HCA Healthcare, assuming nothing else is changed. The correlation between historical values of HCA Healthcare's Net Debt and 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 Net Debt of HCA Healthcare are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., HCA Healthcare's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of HCA Healthcare, which is listed under current asset account on HCA Healthcare balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from HCA Healthcare customers. The amounts must be unrestricted with restricted cash listed in a different HCA Healthcare account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from HCA Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HCA 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in HCA Healthcare. 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 drop to about 19.5 B in 2024. Tax Provision is likely to drop to about 1.6 B in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	49.3B	50.9B	55.1B	57.8B
Total Revenue	58.8B	60.2B	65.0B	68.2B

Gross Profit Total Revenue

HCA Healthcare 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	Accounts Payable	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	Common Stock	Good Will	Current Deferred Revenue
Total Assets		0.94	0.82	0.75	0.24	0.84	0.93	0.28	0.83	0.74	1.0	0.11	0.7	0.81	0.24	0.94	0.88	0.9	0.13	0.96	0.84	0.22	-0.22	-0.72	0.99	0.64
Short Long Term Debt Total	0.94		0.72	0.63	-0.11	0.7	1.0	-0.06	0.69	0.61	0.93	0.31	0.53	0.73	0.51	1.0	0.8	0.89	0.11	1.0	0.75	0.16	-0.05	-0.47	0.92	0.38
Other Current Liab	0.82	0.72		0.98	0.32	0.99	0.72	0.36	0.96	0.56	0.83	-0.11	0.72	0.99	0.22	0.73	0.96	0.81	0.39	0.76	0.99	0.61	-0.21	-0.8	0.83	0.8
Total Current Liabilities	0.75	0.63	0.98		0.35	0.97	0.63	0.38	0.95	0.5	0.75	-0.22	0.69	0.97	0.15	0.63	0.9	0.78	0.52	0.67	0.97	0.73	-0.14	-0.79	0.75	0.82
Total Stockholder Equity	0.24	-0.11	0.32	0.35		0.42	-0.14	0.99	0.44	0.39	0.26	-0.55	0.47	0.27	-0.76	-0.1	0.29	0.07	0.05	-0.03	0.29	0.15	-0.52	-0.72	0.27	0.74
Property Plant And Equipment Net	0.84	0.7	0.99	0.97	0.42		0.69	0.46	0.98	0.6	0.84	-0.15	0.75	0.98	0.12	0.71	0.97	0.79	0.36	0.74	0.98	0.55	-0.26	-0.84	0.84	0.86
Net Debt	0.93	1.0	0.72	0.63	-0.14	0.69		-0.08	0.67	0.58	0.92	0.31	0.5	0.72	0.51	0.99	0.79	0.88	0.11	0.99	0.74	0.17	-0.04	-0.46	0.91	0.37
Retained Earnings	0.28	-0.06	0.36	0.38	0.99	0.46	-0.08		0.49	0.4	0.3	-0.49	0.48	0.32	-0.75	-0.05	0.35	0.1	0.0	0.02	0.34	0.12	-0.59	-0.74	0.32	0.75
Accounts Payable	0.83	0.69	0.96	0.95	0.44	0.98	0.67	0.49		0.65	0.84	-0.14	0.79	0.96	0.08	0.69	0.95	0.81	0.38	0.73	0.98	0.51	-0.29	-0.81	0.84	0.85
Cash	0.74	0.61	0.56	0.5	0.39	0.6	0.58	0.4	0.65		0.74	0.19	0.94	0.51	0.12	0.64	0.66	0.66	-0.06	0.66	0.61	0.01	-0.15	-0.52	0.73	0.55
Non Current Assets Total	1.0	0.93	0.83	0.75	0.26	0.84	0.92	0.3	0.84	0.74		0.1	0.7	0.81	0.22	0.93	0.89	0.9	0.14	0.96	0.84	0.22	-0.22	-0.73	1.0	0.66
Non Currrent Assets Other	0.11	0.31	-0.11	-0.22	-0.55	-0.15	0.31	-0.49	-0.14	0.19	0.1		0.06	-0.09	0.56	0.33	0.07	0.04	-0.55	0.27	-0.05	-0.45	0.17	0.38	0.1	-0.46
Cash And Short Term Investments	0.7	0.53	0.72	0.69	0.47	0.75	0.5	0.48	0.79	0.94	0.7	0.06		0.67	0.1	0.56	0.77	0.66	0.11	0.59	0.76	0.25	-0.18	-0.61	0.69	0.71
Net Receivables	0.81	0.73	0.99	0.97	0.27	0.98	0.72	0.32	0.96	0.51	0.81	-0.09	0.67		0.22	0.73	0.96	0.81	0.39	0.76	0.99	0.59	-0.26	-0.74	0.81	0.77
Common Stock Shares Outstanding	0.24	0.51	0.22	0.15	-0.76	0.12	0.51	-0.75	0.08	0.12	0.22	0.56	0.1	0.22		0.52	0.26	0.39	0.03	0.46	0.24	0.09	0.47	0.28	0.19	-0.26
Non Current Liabilities Total	0.94	1.0	0.73	0.63	-0.1	0.71	0.99	-0.05	0.69	0.64	0.93	0.33	0.56	0.73	0.52		0.81	0.89	0.07	0.99	0.76	0.12	-0.07	-0.47	0.92	0.39
Inventory	0.88	0.8	0.96	0.9	0.29	0.97	0.79	0.35	0.95	0.66	0.89	0.07	0.77	0.96	0.26	0.81		0.8	0.21	0.83	0.97	0.39	-0.29	-0.76	0.89	0.74
Other Current Assets	0.9	0.89	0.81	0.78	0.07	0.79	0.88	0.1	0.81	0.66	0.9	0.04	0.66	0.81	0.39	0.89	0.8		0.34	0.91	0.84	0.4	0.0	-0.58	0.9	0.58
Other Stockholder Equity	0.13	0.11	0.39	0.52	0.05	0.36	0.11	0.0	0.38	-0.06	0.14	-0.55	0.11	0.39	0.03	0.07	0.21	0.34		0.12	0.36	0.77	0.33	-0.26	0.12	0.4
Total Liab	0.96	1.0	0.76	0.67	-0.03	0.74	0.99	0.02	0.73	0.66	0.96	0.27	0.59	0.76	0.46	0.99	0.83	0.91	0.12		0.78	0.18	-0.08	-0.54	0.95	0.45
Total Current Assets	0.84	0.75	0.99	0.97	0.29	0.98	0.74	0.34	0.98	0.61	0.84	-0.05	0.76	0.99	0.24	0.76	0.97	0.84	0.36	0.78		0.55	-0.23	-0.75	0.84	0.78
Short Term Debt	0.22	0.16	0.61	0.73	0.15	0.55	0.17	0.12	0.51	0.01	0.22	-0.45	0.25	0.59	0.09	0.12	0.39	0.4	0.77	0.18	0.55		0.26	-0.45	0.21	0.52
Intangible Assets	-0.22	-0.05	-0.21	-0.14	-0.52	-0.26	-0.04	-0.59	-0.29	-0.15	-0.22	0.17	-0.18	-0.26	0.47	-0.07	-0.29	0.0	0.33	-0.08	-0.23	0.26		0.35	-0.24	-0.31
Common Stock	-0.72	-0.47	-0.8	-0.79	-0.72	-0.84	-0.46	-0.74	-0.81	-0.52	-0.73	0.38	-0.61	-0.74	0.28	-0.47	-0.76	-0.58	-0.26	-0.54	-0.75	-0.45	0.35		-0.74	-0.88
Good Will	0.99	0.92	0.83	0.75	0.27	0.84	0.91	0.32	0.84	0.73	1.0	0.1	0.69	0.81	0.19	0.92	0.89	0.9	0.12	0.95	0.84	0.21	-0.24	-0.74		0.65
Current Deferred Revenue	0.64	0.38	0.8	0.82	0.74	0.86	0.37	0.75	0.85	0.55	0.66	-0.46	0.71	0.77	-0.26	0.39	0.74	0.58	0.4	0.45	0.78	0.52	-0.31	-0.88	0.65

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HCA Healthcare Account Relationship Matchups

HCA Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	45.1B	47.5B	50.7B	52.4B	56.2B	28.2B
Short Long Term Debt Total	35.2B	32.7B	36.3B	39.8B	41.9B	21.4B
Other Current Liab	4.0B	4.2B	4.5B	4.6B	5.3B	5.5B
Total Current Liabilities	7.8B	8.7B	9.6B	9.9B	12.7B	13.3B
Total Stockholder Equity	(2.8B)	572M	(933M)	(2.8B)	(1.8B)	(1.9B)
Property Plant And Equipment Net	24.5B	25.2B	26.2B	27.6B	29.9B	31.4B
Net Debt	34.6B	30.9B	34.9B	38.9B	40.9B	20.9B
Retained Earnings	(2.4B)	777M	(532M)	(2.3B)	(1.4B)	(1.4B)
Accounts Payable	2.9B	3.5B	4.1B	4.2B	4.2B	4.4B
Cash	621M	1.8B	1.5B	908M	935M	485.2M
Non Current Assets Total	33.9B	35.2B	37.2B	38.8B	41.3B	21.0B
Non Currrent Assets Other	480M	546M	598M	298M	150M	142.5M
Cash And Short Term Investments	621M	1.8B	1.5B	908M	1.0B	1.1B
Net Receivables	7.4B	7.1B	8.1B	8.9B	10.0B	10.5B
Common Stock Shares Outstanding	348.2M	343.6M	328.8M	294.7M	276.4M	342.7M
Liabilities And Stockholders Equity	45.1B	47.5B	50.7B	52.4B	56.2B	28.2B
Non Current Liabilities Total	37.9B	35.9B	39.7B	42.6B	42.5B	23.3B
Inventory	1.8B	2.0B	2.0B	2.1B	2.0B	2.1B
Other Current Assets	1.2B	1.3B	1.9B	1.8B	1.9B	1.2B
Other Stockholder Equity	(460M)	294M	(404M)	2.8B	2.5B	2.6B
Total Liab	45.6B	44.6B	49.3B	52.5B	55.2B	28.5B
Total Current Assets	11.2B	12.3B	13.5B	13.6B	14.9B	15.7B
Short Term Debt	495M	588M	637M	734M	2.8B	2.9B
Intangible Assets	342M	330M	369M	403M	339M	556.1M
Accumulated Other Comprehensive Income	(460M)	(502M)	(404M)	(490M)	(425M)	(446.3M)
Good Will	7.9B	8.2B	9.1B	9.3B	9.6B	5.8B
Other Assets	480M	546M	598M	298M	268.2M	254.8M
Short Term Investments	147M	116M	103M	381M	87M	111.4M
Other Liab	2.8B	3.4B	3.6B	3.1B	3.6B	3.3B
Net Tangible Assets	(11.1B)	(8.0B)	(10.5B)	(12.4B)	(14.3B)	(15.0B)
Long Term Debt	32.0B	33.1B	30.3B	34.3B	39.5B	35.8B
Property Plant Equipment	24.5B	25.2B	26.2B	27.6B	31.8B	25.9B

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HCA Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

HCA Healthcare fundamental ratios Correlations

HCA Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HCA Healthcare fundamental ratios Accounts

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Additional Tools for HCA Stock Analysis

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Non Current Assets Total	+ 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 Liab	+ 1.0	Short Long Term Debt Total
Good Will	+ 1.0	Non Current Assets Total
Good Will	+ 0.99	Total Assets

Current Deferred Revenue	- 0.88	Common Stock
Common Stock	- 0.84	Property Plant And Equipment Net
Common Stock	- 0.81	Accounts Payable
Common Stock	- 0.8	Other Current Liab
Common Stock	- 0.79	Total Current Liabilities
Common Stock	- 0.76	Inventory