BrightSpring Capital Lease Obligations vs Cash Analysis
| BTSGU Stock | 71.13 1.98 2.86% |
BrightSpring Health financial indicator trend analysis is way more than just evaluating BrightSpring Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BrightSpring Health is a good investment. Please check the relationship between BrightSpring Health Capital Lease Obligations and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Capital Lease Obligations vs Cash
Capital Lease Obligations vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightSpring Health Capital Lease Obligations account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between BrightSpring Health's Capital Lease Obligations and Cash is -0.8. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash in the same time period over historical financial statements of BrightSpring Health Services,, assuming nothing else is changed. The correlation between historical values of BrightSpring Health's Capital Lease Obligations 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 Capital Lease Obligations of BrightSpring Health Services, 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 Capital Lease Obligations i.e., BrightSpring Health's Capital Lease Obligations and Cash go up and down completely randomly.
Correlation Coefficient | -0.8 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Capital Lease Obligations
BrightSpring Health capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to BrightSpring Health asset purchases. For example, BrightSpring Health can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as BrightSpring Health control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Cash
Cash refers to the most liquid asset of BrightSpring Health, which is listed under current asset account on BrightSpring Health Services, balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from BrightSpring Health customers. The amounts must be unrestricted with restricted cash listed in a different BrightSpring 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 BrightSpring Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BrightSpring 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 BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Tax Provision is likely to gain to about (17.6 M) in 2024. Selling General Administrative is likely to drop to about 1.2 B in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 233.6M | 324.6M | 373.3M | 237.2M | Depreciation And Amortization | 204.0M | 202.3M | 232.7M | 216.4M |
BrightSpring Health fundamental ratios Correlations
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BrightSpring Health Account Relationship Matchups
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When running BrightSpring Health's price analysis, check to measure BrightSpring 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 BrightSpring Health is operating at the current time. Most of BrightSpring Health's value examination focuses on studying past and present price action to predict the probability of BrightSpring 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 BrightSpring Health's price. Additionally, you may evaluate how the addition of BrightSpring Health to your portfolios can decrease your overall portfolio volatility.