Ardent Short Term Investments vs Common Stock Analysis

ARDT Stock

15.94 0.21 1.30%

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 Short Term Investments and its Common Stock 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.

Short Term Investments vs Common Stock

Short Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardent Health Partners, Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ardent Health's Short Term Investments and Common Stock is -0.43. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock 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 Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Ardent Health Partners, are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Investments i.e., Ardent Health's Short Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

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Short Term Investments

Short Term Investments is an item under the current assets section of Ardent Health balance sheet. It contains any investments Ardent Health Partners, undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ardent Health Partners, can easily liquidate in the marketplace.

Common Stock

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

Interest Expense Depreciation And Amortization

Ardent Health 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	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Common Stock Shares Outstanding	Current Deferred Revenue	Long Term Debt
Total Assets		1.0	0.9	0.95	0.98	1.0	1.0	0.82	0.84	0.99	1.0	0.44	0.99	0.89	0.61	1.0	0.99	0.94	1.0	0.98	0.98	0.89	-0.99	0.51	0.27	0.19
Short Long Term Debt Total	1.0		0.91	0.96	0.98	1.0	1.0	0.81	0.85	0.99	1.0	0.45	0.99	0.91	0.63	1.0	0.99	0.95	1.0	0.99	0.98	0.9	-0.99	0.53	0.27	0.18
Other Current Liab	0.9	0.91		0.95	0.83	0.9	0.93	0.63	0.83	0.84	0.9	0.57	0.84	0.93	0.7	0.9	0.88	0.97	0.9	0.92	0.8	0.98	-0.87	0.62	0.43	0.33
Total Current Liabilities	0.95	0.96	0.95		0.94	0.96	0.97	0.81	0.95	0.93	0.96	0.65	0.93	0.99	0.81	0.96	0.94	1.0	0.95	0.99	0.9	0.9	-0.94	0.74	0.43	0.29
Total Stockholder Equity	0.98	0.98	0.83	0.94		0.98	0.97	0.9	0.88	0.99	0.99	0.49	0.99	0.89	0.66	0.98	0.98	0.92	0.98	0.98	0.99	0.81	-0.99	0.57	0.29	0.19
Property Plant And Equipment Net	1.0	1.0	0.9	0.96	0.98		1.0	0.82	0.85	0.99	1.0	0.44	0.99	0.9	0.63	1.0	0.99	0.95	1.0	0.99	0.98	0.89	-0.99	0.53	0.26	0.17
Net Debt	1.0	1.0	0.93	0.97	0.97	1.0		0.79	0.85	0.98	1.0	0.47	0.98	0.92	0.64	1.0	0.98	0.96	1.0	0.99	0.96	0.92	-0.98	0.54	0.29	0.2
Retained Earnings	0.82	0.81	0.63	0.81	0.9	0.82	0.79		0.84	0.85	0.83	0.67	0.85	0.8	0.73	0.82	0.88	0.76	0.81	0.84	0.86	0.61	-0.88	0.68	0.54	0.44
Accounts Payable	0.84	0.85	0.83	0.95	0.88	0.85	0.85	0.84		0.83	0.86	0.78	0.83	0.98	0.93	0.85	0.84	0.94	0.83	0.92	0.81	0.73	-0.84	0.88	0.49	0.3
Cash	0.99	0.99	0.84	0.93	0.99	0.99	0.98	0.85	0.83		0.99	0.4	1.0	0.87	0.59	0.99	0.98	0.91	0.99	0.98	1.0	0.83	-0.99	0.49	0.21	0.12
Non Current Assets Total	1.0	1.0	0.9	0.96	0.99	1.0	1.0	0.83	0.86	0.99		0.46	0.99	0.91	0.64	1.0	0.99	0.95	1.0	0.99	0.98	0.89	-0.99	0.54	0.28	0.19
Non Currrent Assets Other	0.44	0.45	0.57	0.65	0.49	0.44	0.47	0.67	0.78	0.4	0.46		0.4	0.74	0.95	0.45	0.51	0.64	0.42	0.56	0.38	0.49	-0.49	0.97	0.89	0.74
Cash And Short Term Investments	0.99	0.99	0.84	0.93	0.99	0.99	0.98	0.85	0.83	1.0	0.99	0.4		0.87	0.59	0.99	0.98	0.91	0.99	0.98	1.0	0.83	-0.99	0.49	0.21	0.12
Net Receivables	0.89	0.91	0.93	0.99	0.89	0.9	0.92	0.8	0.98	0.87	0.91	0.74	0.87		0.89	0.9	0.89	0.99	0.89	0.95	0.84	0.86	-0.88	0.82	0.5	0.35
Good Will	0.61	0.63	0.7	0.81	0.66	0.63	0.64	0.73	0.93	0.59	0.64	0.95	0.59	0.89		0.63	0.64	0.8	0.6	0.73	0.56	0.59	-0.63	0.99	0.7	0.51
Non Current Liabilities Total	1.0	1.0	0.9	0.96	0.98	1.0	1.0	0.82	0.85	0.99	1.0	0.45	0.99	0.9	0.63		0.99	0.95	1.0	0.99	0.98	0.89	-0.99	0.53	0.26	0.17
Inventory	0.99	0.99	0.88	0.94	0.98	0.99	0.98	0.88	0.84	0.98	0.99	0.51	0.98	0.89	0.64	0.99		0.93	0.99	0.98	0.98	0.89	-1.0	0.55	0.37	0.31
Other Current Assets	0.94	0.95	0.97	1.0	0.92	0.95	0.96	0.76	0.94	0.91	0.95	0.64	0.91	0.99	0.8	0.95	0.93		0.94	0.98	0.88	0.92	-0.92	0.72	0.42	0.28
Total Liab	1.0	1.0	0.9	0.95	0.98	1.0	1.0	0.81	0.83	0.99	1.0	0.42	0.99	0.89	0.6	1.0	0.99	0.94		0.98	0.98	0.9	-0.99	0.5	0.25	0.18
Total Current Assets	0.98	0.99	0.92	0.99	0.98	0.99	0.99	0.84	0.92	0.98	0.99	0.56	0.98	0.95	0.73	0.99	0.98	0.98	0.98		0.96	0.89	-0.98	0.64	0.34	0.23
Short Term Debt	0.98	0.98	0.8	0.9	0.99	0.98	0.96	0.86	0.81	1.0	0.98	0.38	1.0	0.84	0.56	0.98	0.98	0.88	0.98	0.96		0.8	-0.98	0.46	0.19	0.11
Common Stock	0.89	0.9	0.98	0.9	0.81	0.89	0.92	0.61	0.73	0.83	0.89	0.49	0.83	0.86	0.59	0.89	0.89	0.92	0.9	0.89	0.8		-0.88	0.5	0.42	0.38
Other Assets	-0.99	-0.99	-0.87	-0.94	-0.99	-0.99	-0.98	-0.88	-0.84	-0.99	-0.99	-0.49	-0.99	-0.88	-0.63	-0.99	-1.0	-0.92	-0.99	-0.98	-0.98	-0.88		-0.53	-0.35	-0.28
Common Stock Shares Outstanding	0.51	0.53	0.62	0.74	0.57	0.53	0.54	0.68	0.88	0.49	0.54	0.97	0.49	0.82	0.99	0.53	0.55	0.72	0.5	0.64	0.46	0.5	-0.53		0.74	0.55
Current Deferred Revenue	0.27	0.27	0.43	0.43	0.29	0.26	0.29	0.54	0.49	0.21	0.28	0.89	0.21	0.5	0.7	0.26	0.37	0.42	0.25	0.34	0.19	0.42	-0.35	0.74		0.97
Long Term Debt	0.19	0.18	0.33	0.29	0.19	0.17	0.2	0.44	0.3	0.12	0.19	0.74	0.12	0.35	0.51	0.17	0.31	0.28	0.18	0.23	0.11	0.38	-0.28	0.55	0.97

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Ardent Short Term Investments vs Common Stock Analysis

Short Term Investments vs Common Stock

Short Term Investments vs Common Stock Correlation Analysis

Correlation Coefficient

Short Term Investments

Common Stock

Ardent Health fundamental ratios Correlations

Ardent Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Ardent Stock Analysis

COMMON DESTINATIONS

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COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Other Assets	- 1.0	Inventory
Other Assets	- 0.99	Total Liab
Other Assets	- 0.99	Non Current Liabilities Total
Other Assets	- 0.99	Cash And Short Term Investments
Other Assets	- 0.99	Non Current Assets Total
Other Assets	- 0.99	Cash