Adapthealth Total Assets vs Short Long Term Debt Total Analysis

AHCO Stock  USD 9.58  0.46  4.58%   
Adapthealth Corp financial indicator trend analysis is way more than just evaluating Adapthealth Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adapthealth Corp is a good investment. Please check the relationship between Adapthealth Corp Total Assets and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adapthealth 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 main economic indicators.
To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.

Total Assets vs Short Long Term Debt Total

Total Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adapthealth Corp Total Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have totally related.
The correlation between Adapthealth Corp's Total Assets and Short Long Term Debt Total is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Adapthealth Corp, assuming nothing else is changed. The correlation between historical values of Adapthealth Corp's Total Assets and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Adapthealth Corp are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Assets i.e., Adapthealth Corp's Total Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Adapthealth Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Adapthealth Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Short Long Term Debt Total

Most indicators from Adapthealth Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adapthealth 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 Adapthealth 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 main economic indicators.
To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.As of the 4th of December 2024, Selling General Administrative is likely to grow to about 199.6 M, while Discontinued Operations is likely to drop (249.5 K).
 2021 2022 2023 2024 (projected)
Gross Profit445.6M417.4M479.6M503.5M
Total Revenue2.5B3.0B3.2B3.4B

Adapthealth Corp fundamental ratios Correlations

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0.990.970.710.890.9-0.950.98-0.380.910.780.990.040.880.970.780.960.99-0.080.980.910.970.980.970.80.76
0.940.950.860.940.9-0.980.94-0.690.940.840.93-0.021.00.940.840.950.93-0.180.930.980.950.940.950.970.91
-0.98-0.99-0.83-0.95-0.95-0.98-0.970.57-0.96-0.85-0.980.0-0.98-0.98-0.85-0.97-0.970.15-0.96-0.97-0.98-0.97-0.98-0.92-0.86
1.00.990.80.940.980.94-0.97-0.510.950.811.0-0.040.931.00.810.990.99-0.180.990.940.991.01.00.870.81
-0.46-0.54-0.58-0.55-0.38-0.690.57-0.51-0.48-0.41-0.45-0.01-0.69-0.51-0.41-0.54-0.420.12-0.5-0.71-0.49-0.51-0.51-0.84-0.86
0.960.950.930.990.910.94-0.960.95-0.480.920.95-0.050.950.950.920.960.94-0.190.920.880.970.940.970.850.75
0.830.820.860.910.780.84-0.850.81-0.410.920.82-0.050.850.831.00.830.82-0.170.780.760.840.80.860.730.58
1.00.990.790.940.990.93-0.981.0-0.450.950.82-0.010.920.990.820.991.0-0.140.990.930.990.990.990.850.79
-0.010.06-0.05-0.050.04-0.020.0-0.04-0.01-0.05-0.05-0.01-0.01-0.03-0.050.01-0.010.98-0.03-0.01-0.03-0.04-0.040.030.1
0.930.940.890.950.881.0-0.980.93-0.690.950.850.92-0.010.930.850.940.91-0.170.910.970.940.920.950.960.9
1.01.00.810.950.970.94-0.981.0-0.510.950.830.99-0.030.930.830.990.99-0.160.990.941.01.01.00.870.81
0.830.820.860.910.780.84-0.850.81-0.410.921.00.82-0.050.850.830.830.82-0.170.780.760.840.80.860.730.58
0.990.990.850.960.960.95-0.970.99-0.540.960.830.990.010.940.990.830.98-0.130.990.940.990.991.00.890.83
1.00.980.770.920.990.93-0.970.99-0.420.940.821.0-0.010.910.990.820.98-0.140.990.920.990.990.990.830.78
-0.15-0.08-0.19-0.19-0.08-0.180.15-0.180.12-0.19-0.17-0.140.98-0.17-0.16-0.17-0.13-0.14-0.16-0.17-0.17-0.17-0.18-0.13-0.07
0.990.980.760.910.980.93-0.960.99-0.50.920.780.99-0.030.910.990.780.990.99-0.160.940.981.00.980.860.82
0.930.950.770.890.910.98-0.970.94-0.710.880.760.93-0.010.970.940.760.940.92-0.170.940.930.940.930.970.95
1.00.990.840.960.970.95-0.980.99-0.490.970.840.99-0.030.941.00.840.990.99-0.170.980.930.991.00.870.8
0.990.990.790.930.980.94-0.971.0-0.510.940.80.99-0.040.921.00.80.990.99-0.171.00.940.990.990.870.81
1.00.990.850.970.970.95-0.981.0-0.510.970.860.99-0.040.951.00.861.00.99-0.180.980.931.00.990.870.8
0.850.890.80.870.80.97-0.920.87-0.840.850.730.850.030.960.870.730.890.83-0.130.860.970.870.870.870.98
0.790.840.710.780.760.91-0.860.81-0.860.750.580.790.10.90.810.580.830.78-0.070.820.950.80.810.80.98
Click cells to compare fundamentals

Adapthealth Corp Account Relationship Matchups

Adapthealth Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets227.8M1.8B5.3B5.2B4.5B2.7B
Other Current Liab23.3M174.0M102.4M98.3M156.8M87.3M
Total Current Liabilities52.8M434.8M499.8M456.2M537.0M311.4M
Total Stockholder Equity(73.3M)394.8M2.1B2.2B1.5B982.1M
Other Liab29.3M209.0M380.3M344.0M395.6M415.4M
Net Tangible Assets(290.2M)(696.5M)(1.6B)(1.6B)(1.4B)(1.3B)
Net Debt151.6M707.0M2.2B2.3B2.2B1.2B
Retained Earnings(74.8M)(91.1M)(43.0M)26.3M(652.6M)(620.0M)
Accounts Payable26.5M191.0M248.0M222.5M211.5M141.4M
Cash9.8M100.0M149.6M46.3M77.1M60.3M
Non Current Assets Total169.7M1.5B4.6B4.6B3.9B2.3B
Non Currrent Assets Other2.4M16.5M15.1M18.7M20.1M37.3M
Other Assets34.8M224.9M319.3M300.5M345.5M362.8M
Long Term Debt395.1M776.6M2.2B2.2B2.1B1.2B
Cash And Short Term Investments9.8M100.0M149.6M46.3M77.1M60.3M
Net Receivables27.0M171.1M359.9M359.1M388.9M217.5M
Good Will110.4M1.0B3.5B3.5B2.7B1.7B
Common Stock Total Equity240.6M7.2K9K13K11.7K11.1K
Common Stock Shares Outstanding22.6M52.5M133.0M139.0M134.4M85.5M
Liabilities And Stockholders Equity198.0M1.8B5.3B5.2B4.5B2.7B
Non Current Liabilities Total159.9M996.7M2.7B2.6B2.5B1.4B
Capital Surpluse2.9M11.3M558.5M2.1B2.4B2.5B
Inventory18.2M58.8M123.1M127.8M113.6M71.4M
Other Stockholder Equity73.3M558.5M2.1B2.1B2.1B1.1B
Total Liab212.7M1.4B3.2B3.1B3.0B1.7B
Net Invested Capital382.3M1.2B2.2B2.2B3.6B3.8B
Short Long Term Debt1.7M8.1M20M35M53.4M56.0M
Total Current Assets58.1M372.8M670.1M585.3M649.0M367.2M
Net Working Capital30.5M(58.8M)170.2M129.1M112.0M60.2M
Short Term Debt1.7M52.7M113.7M99.4M130.2M136.7M
Common Stock240.6M7.2K9K13K11.7K11.1K
Property Plant Equipment63.6M110.5M546.3M622.0M715.3M751.1M
Other Current Assets3.2M33.4M74.9M52.1M69.3M42.7M

Pair Trading with Adapthealth Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Adapthealth Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Adapthealth Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Adapthealth Stock

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The ability to find closely correlated positions to Adapthealth Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adapthealth Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Adapthealth Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Adapthealth Corp to buy it.
The correlation of Adapthealth Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adapthealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adapthealth Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Adapthealth Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Adapthealth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Adapthealth Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Adapthealth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Adapthealth Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adapthealth 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 main economic indicators.
To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adapthealth Corp. If investors know Adapthealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adapthealth Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.444
Earnings Share
(1.67)
Revenue Per Share
24.465
Quarterly Revenue Growth
0.002
Return On Assets
0.0411
The market value of Adapthealth Corp is measured differently than its book value, which is the value of Adapthealth that is recorded on the company's balance sheet. Investors also form their own opinion of Adapthealth Corp's value that differs from its market value or its book value, called intrinsic value, which is Adapthealth Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adapthealth Corp's market value can be influenced by many factors that don't directly affect Adapthealth Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adapthealth Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adapthealth Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adapthealth Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.