Ardent Other Assets vs Cash Analysis
| ARDT Stock | 15.98 0.04 0.25% |
Ardent Health financial indicator trend analysis is way more than just evaluating Ardent Health Partners, prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ardent Health Partners, is a good investment. Please check the relationship between Ardent Health Other Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ardent Health Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Other Assets vs Cash
Other Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardent Health Partners, Other Assets account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Ardent Health's Other Assets and Cash is -0.99. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Ardent Health Partners,, assuming nothing else is changed. The correlation between historical values of Ardent Health's Other Assets 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 Other Assets of Ardent Health Partners, 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 Other Assets i.e., Ardent Health's Other Assets and Cash go up and down completely randomly.
Correlation Coefficient | -0.99 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Assets
Cash
Cash refers to the most liquid asset of Ardent Health Partners,, which is listed under current asset account on Ardent Health Partners, balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ardent Health customers. The amounts must be unrestricted with restricted cash listed in a different Ardent Health 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 Ardent Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ardent Health Partners, 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 Ardent Health Partners,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Ardent Health's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 3.7 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.53 in 2024.
| 2019 | 2022 | 2023 | 2024 (projected) | Interest Expense | 93.8M | 82.1M | 65.4M | 71.0M | Depreciation And Amortization | 137.2M | 138.2M | 140.8M | 111.9M |
Ardent Health fundamental ratios Correlations
Click cells to compare fundamentals
Ardent Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Ardent Stock Analysis
When running Ardent Health's price analysis, check to measure Ardent Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ardent Health is operating at the current time. Most of Ardent Health's value examination focuses on studying past and present price action to predict the probability of Ardent Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardent Health's price. Additionally, you may evaluate how the addition of Ardent Health to your portfolios can decrease your overall portfolio volatility.