HCA Other Current Liab vs Non Currrent Assets Other 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 Other Current Liab and its Non Currrent Assets Other 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.

Other Current Liab vs Non Currrent Assets Other

Other Current Liab vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HCA Healthcare Other Current Liab account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between HCA Healthcare's Other Current Liab and Non Currrent Assets Other is -0.11. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Currrent Assets Other 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 Other Current Liab and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of HCA Healthcare are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Other Current Liab i.e., HCA Healthcare's Other Current Liab and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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 Profit49.3B50.9B55.1B57.8B
Total Revenue58.8B60.2B65.0B68.2B

HCA Healthcare fundamental ratios Correlations

0.940.820.750.240.840.930.280.830.741.00.110.70.810.240.940.880.90.130.960.840.22-0.22-0.720.990.64
0.940.720.63-0.110.71.0-0.060.690.610.930.310.530.730.511.00.80.890.111.00.750.16-0.05-0.470.920.38
0.820.720.980.320.990.720.360.960.560.83-0.110.720.990.220.730.960.810.390.760.990.61-0.21-0.80.830.8
0.750.630.980.350.970.630.380.950.50.75-0.220.690.970.150.630.90.780.520.670.970.73-0.14-0.790.750.82
0.24-0.110.320.350.42-0.140.990.440.390.26-0.550.470.27-0.76-0.10.290.070.05-0.030.290.15-0.52-0.720.270.74
0.840.70.990.970.420.690.460.980.60.84-0.150.750.980.120.710.970.790.360.740.980.55-0.26-0.840.840.86
0.931.00.720.63-0.140.69-0.080.670.580.920.310.50.720.510.990.790.880.110.990.740.17-0.04-0.460.910.37
0.28-0.060.360.380.990.46-0.080.490.40.3-0.490.480.32-0.75-0.050.350.10.00.020.340.12-0.59-0.740.320.75
0.830.690.960.950.440.980.670.490.650.84-0.140.790.960.080.690.950.810.380.730.980.51-0.29-0.810.840.85
0.740.610.560.50.390.60.580.40.650.740.190.940.510.120.640.660.66-0.060.660.610.01-0.15-0.520.730.55
1.00.930.830.750.260.840.920.30.840.740.10.70.810.220.930.890.90.140.960.840.22-0.22-0.731.00.66
0.110.31-0.11-0.22-0.55-0.150.31-0.49-0.140.190.10.06-0.090.560.330.070.04-0.550.27-0.05-0.450.170.380.1-0.46
0.70.530.720.690.470.750.50.480.790.940.70.060.670.10.560.770.660.110.590.760.25-0.18-0.610.690.71
0.810.730.990.970.270.980.720.320.960.510.81-0.090.670.220.730.960.810.390.760.990.59-0.26-0.740.810.77
0.240.510.220.15-0.760.120.51-0.750.080.120.220.560.10.220.520.260.390.030.460.240.090.470.280.19-0.26
0.941.00.730.63-0.10.710.99-0.050.690.640.930.330.560.730.520.810.890.070.990.760.12-0.07-0.470.920.39
0.880.80.960.90.290.970.790.350.950.660.890.070.770.960.260.810.80.210.830.970.39-0.29-0.760.890.74
0.90.890.810.780.070.790.880.10.810.660.90.040.660.810.390.890.80.340.910.840.40.0-0.580.90.58
0.130.110.390.520.050.360.110.00.38-0.060.14-0.550.110.390.030.070.210.340.120.360.770.33-0.260.120.4
0.961.00.760.67-0.030.740.990.020.730.660.960.270.590.760.460.990.830.910.120.780.18-0.08-0.540.950.45
0.840.750.990.970.290.980.740.340.980.610.84-0.050.760.990.240.760.970.840.360.780.55-0.23-0.750.840.78
0.220.160.610.730.150.550.170.120.510.010.22-0.450.250.590.090.120.390.40.770.180.550.26-0.450.210.52
-0.22-0.05-0.21-0.14-0.52-0.26-0.04-0.59-0.29-0.15-0.220.17-0.18-0.260.47-0.07-0.290.00.33-0.08-0.230.260.35-0.24-0.31
-0.72-0.47-0.8-0.79-0.72-0.84-0.46-0.74-0.81-0.52-0.730.38-0.61-0.740.28-0.47-0.76-0.58-0.26-0.54-0.75-0.450.35-0.74-0.88
0.990.920.830.750.270.840.910.320.840.731.00.10.690.810.190.920.890.90.120.950.840.21-0.24-0.740.65
0.640.380.80.820.740.860.370.750.850.550.66-0.460.710.77-0.260.390.740.580.40.450.780.52-0.31-0.880.65
Click cells to compare fundamentals

HCA Healthcare Account Relationship Matchups

HCA Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets45.1B47.5B50.7B52.4B56.2B28.2B
Short Long Term Debt Total35.2B32.7B36.3B39.8B41.9B21.4B
Other Current Liab4.0B4.2B4.5B4.6B5.3B5.5B
Total Current Liabilities7.8B8.7B9.6B9.9B12.7B13.3B
Total Stockholder Equity(2.8B)572M(933M)(2.8B)(1.8B)(1.9B)
Property Plant And Equipment Net24.5B25.2B26.2B27.6B29.9B31.4B
Net Debt34.6B30.9B34.9B38.9B40.9B20.9B
Retained Earnings(2.4B)777M(532M)(2.3B)(1.4B)(1.4B)
Accounts Payable2.9B3.5B4.1B4.2B4.2B4.4B
Cash621M1.8B1.5B908M935M485.2M
Non Current Assets Total33.9B35.2B37.2B38.8B41.3B21.0B
Non Currrent Assets Other480M546M598M298M150M142.5M
Cash And Short Term Investments621M1.8B1.5B908M1.0B1.1B
Net Receivables7.4B7.1B8.1B8.9B10.0B10.5B
Common Stock Shares Outstanding348.2M343.6M328.8M294.7M276.4M342.7M
Liabilities And Stockholders Equity45.1B47.5B50.7B52.4B56.2B28.2B
Non Current Liabilities Total37.9B35.9B39.7B42.6B42.5B23.3B
Inventory1.8B2.0B2.0B2.1B2.0B2.1B
Other Current Assets1.2B1.3B1.9B1.8B1.9B1.2B
Other Stockholder Equity(460M)294M(404M)2.8B2.5B2.6B
Total Liab45.6B44.6B49.3B52.5B55.2B28.5B
Total Current Assets11.2B12.3B13.5B13.6B14.9B15.7B
Short Term Debt495M588M637M734M2.8B2.9B
Intangible Assets342M330M369M403M339M556.1M
Accumulated Other Comprehensive Income(460M)(502M)(404M)(490M)(425M)(446.3M)
Good Will7.9B8.2B9.1B9.3B9.6B5.8B
Other Assets480M546M598M298M268.2M254.8M
Short Term Investments147M116M103M381M87M111.4M
Other Liab2.8B3.4B3.6B3.1B3.6B3.3B
Net Tangible Assets(11.1B)(8.0B)(10.5B)(12.4B)(14.3B)(15.0B)
Long Term Debt32.0B33.1B30.3B34.3B39.5B35.8B
Property Plant Equipment24.5B25.2B26.2B27.6B31.8B25.9B

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