Ardent Total Operating Expenses vs Net Income From Continuing Ops 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 Total Operating Expenses and its Net Income From Continuing Ops 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.
Total Operating Expenses vs Net Income From Continuing Ops
Total Operating Expenses vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ardent Health Partners, Total Operating Expenses account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ardent Health's Total Operating Expenses and Net Income From Continuing Ops is -0.66. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income From Continuing Ops 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 Total Operating Expenses and Net Income From Continuing Ops 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 Operating Expenses of Ardent Health Partners, are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Total Operating Expenses i.e., Ardent Health's Total Operating Expenses and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | -0.66 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income From Continuing Ops
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
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Ardent Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.