300146 Non Current Assets Total vs Total Stockholder Equity Analysis

300146 Stock   12.38  0.12  0.96%   
By Health financial indicator trend analysis is way more than just evaluating By health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether By health is a good investment. Please check the relationship between By Health Non Current Assets Total and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in By 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 nation.

Non Current Assets Total vs Total Stockholder Equity

Non Current Assets Total vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of By health Non Current Assets Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between By Health's Non Current Assets Total and Total Stockholder Equity is 0.86. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of By health, assuming nothing else is changed. The correlation between historical values of By Health's Non Current Assets Total and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of By health are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Assets Total i.e., By Health's Non Current Assets Total and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from By Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into By 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 By 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 nation.
The current year's Selling General Administrative is expected to grow to about 3.5 B, whereas Tax Provision is forecasted to decline to about 250.5 M.
 2021 2022 2023 2024 (projected)
Operating Income1.9B1.6B1.9B2.0B
Total Revenue7.4B7.9B9.4B9.9B

By Health fundamental ratios Correlations

0.470.970.990.980.960.750.930.790.080.980.710.930.670.920.960.820.62-0.69-0.940.860.870.910.830.550.21
0.470.590.420.360.580.450.290.63-0.230.58-0.220.60.670.530.440.590.24-0.21-0.650.580.430.550.320.40.84
0.970.590.930.920.970.680.870.74-0.070.990.650.970.720.910.920.870.56-0.56-0.960.90.840.920.750.590.31
0.990.420.930.980.920.780.960.750.120.950.740.860.550.90.980.720.71-0.72-0.920.850.890.860.880.410.12
0.980.360.920.980.920.770.930.780.120.930.750.870.590.90.950.750.64-0.72-0.890.80.870.860.840.480.13
0.960.580.970.920.920.750.830.82-0.080.970.60.960.760.960.90.870.5-0.56-0.940.890.80.890.70.630.39
0.750.450.680.780.770.750.690.860.30.720.390.610.460.780.780.490.7-0.59-0.780.750.80.650.660.230.36
0.930.290.870.960.930.830.690.650.170.870.80.770.410.770.910.630.79-0.79-0.870.790.920.830.960.3-0.02
0.790.630.740.750.780.820.860.650.190.760.250.760.750.80.710.730.51-0.63-0.820.690.760.770.630.560.62
0.08-0.23-0.070.120.12-0.080.30.170.190.020.18-0.07-0.1-0.050.16-0.080.21-0.140.03-0.090.130.060.24-0.06-0.23
0.980.580.990.950.930.970.720.870.760.020.650.960.730.920.950.860.55-0.57-0.950.890.830.920.750.590.3
0.71-0.220.650.740.750.60.390.80.250.180.650.590.20.570.710.460.5-0.49-0.560.560.620.60.650.27-0.46
0.930.60.970.860.870.960.610.770.76-0.070.960.590.860.880.840.960.39-0.51-0.910.840.750.950.640.770.39
0.670.670.720.550.590.760.460.410.75-0.10.730.20.860.680.540.950.08-0.31-0.70.620.50.820.320.920.64
0.920.530.910.90.90.960.780.770.8-0.050.920.570.880.680.910.770.46-0.47-0.870.870.720.780.630.540.33
0.960.440.920.980.950.90.780.910.710.160.950.710.840.540.910.70.65-0.61-0.880.850.830.820.810.40.11
0.820.590.870.720.750.870.490.630.73-0.080.860.460.960.950.770.70.21-0.45-0.80.710.630.920.510.910.47
0.620.240.560.710.640.50.70.790.510.210.550.50.390.080.460.650.21-0.74-0.710.670.890.570.85-0.16-0.01
-0.69-0.21-0.56-0.72-0.72-0.56-0.59-0.79-0.63-0.14-0.57-0.49-0.51-0.31-0.47-0.61-0.45-0.740.66-0.47-0.83-0.65-0.87-0.21-0.04
-0.94-0.65-0.96-0.92-0.89-0.94-0.78-0.87-0.820.03-0.95-0.56-0.91-0.7-0.87-0.88-0.8-0.710.66-0.93-0.93-0.93-0.82-0.49-0.41
0.860.580.90.850.80.890.750.790.69-0.090.890.560.840.620.870.850.710.67-0.47-0.930.830.840.690.40.3
0.870.430.840.890.870.80.80.920.760.130.830.620.750.50.720.830.630.89-0.83-0.930.830.870.920.290.2
0.910.550.920.860.860.890.650.830.770.060.920.60.950.820.780.820.920.57-0.65-0.930.840.870.760.70.33
0.830.320.750.880.840.70.660.960.630.240.750.650.640.320.630.810.510.85-0.87-0.820.690.920.760.170.01
0.550.40.590.410.480.630.230.30.56-0.060.590.270.770.920.540.40.91-0.16-0.21-0.490.40.290.70.170.44
0.210.840.310.120.130.390.36-0.020.62-0.230.3-0.460.390.640.330.110.47-0.01-0.04-0.410.30.20.330.010.44
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By Health Account Relationship Matchups

By Health fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B9.6B13.0B13.2B15.1B15.9B
Other Current Liab1.0B1.2B1.1B1.2B99.1M94.2M
Total Current Liabilities1.8B2.2B2.1B2.1B2.5B2.6B
Total Stockholder Equity6.0B6.9B10.5B10.7B12.2B12.8B
Retained Earnings1.2B2.1B2.8B3.0B3.6B3.7B
Accounts Payable338.6M349.6M408.1M366.9M426.6M447.9M
Cash1.8B1.8B2.9B3.0B3.3B1.8B
Other Assets409.8M506.6M1.3B1.6B1.8B1.9B
Net Receivables166.3M164.2M290.5M330.3M249.1M150.2M
Short Term Investments690M41.0M240M1.8B1.4B857.2M
Inventory742.5M872.7M832.8M898.9M989.1M1.0B
Other Current Assets100.9M200.0M186.6M284.0M2.0B2.1B
Total Liab2.4B2.7B2.4B2.4B2.9B3.0B
Intangible Assets902.0M947.9M823.2M764.1M702.3M416.9M
Common Stock1.6B1.6B1.7B1.7B2.0B2.1B
Property Plant Equipment949.8M983.7M1.2B1.3B1.4B1.5B
Other Liab334.9M316.5M316.8M275.1M316.3M332.2M
Net Tangible Assets3.9B4.8B8.6B8.8B10.1B5.7B
Other Stockholder Equity64.9M35.7M(183.6M)(105.6M)(95.1M)(90.3M)
Deferred Long Term Liab35.9M26.4M20.6M18.1M16.3M29.2M
Total Current Assets3.8B4.8B7.3B7.3B8.3B5.6B
Non Current Assets Total4.5B4.8B5.6B5.9B6.8B5.1B
Non Currrent Assets Other35.9M90.2M882.6M1.1B875.3M919.1M
Non Current Liabilities Total642.4M460.2M358.2M279.0M392.5M499.3M
Non Current Liabilities Other892.5M307.5M500K108.7K1.6M1.5M
Common Stock Shares Outstanding1.6B1.6B1.7B1.7B1.7B1.8B
Net Invested Capital6.3B7.1B10.5B10.7B12.2B9.2B
Net Working Capital2.1B2.6B5.3B5.2B5.8B4.2B
Good Will1.2B1.2B1.1B1.1B1.2B1.1B
Capital Stock1.6B1.6B1.7B1.7B1.7B1.8B

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Other Information on Investing in 300146 Stock

Balance Sheet is a snapshot of the financial position of By health at a specified time, usually calculated after every quarter, six months, or one year. By Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of By Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which 300146 currently owns. An asset can also be divided into two categories, current and non-current.