BrightSpring Total Liab vs Net Receivables 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 Total Liab and its Net Receivables 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.

Total Liab vs Net Receivables

Total Liab vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightSpring Health Total Liab account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.

The correlation between BrightSpring Health's Total Liab and Net Receivables is 0.97. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Receivables 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 Total Liab and Net Receivables 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 Liab of BrightSpring Health Services, are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Liab i.e., BrightSpring Health's Total Liab and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Receivables

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

Interest Expense Depreciation And Amortization

BrightSpring 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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.99	0.87	0.92	-0.64	0.95	0.49	0.99	-0.67	0.92	-0.95	0.99	0.73	-0.67	0.99	-0.95	0.95	0.98	0.95	0.99	0.88	0.9	0.99	0.95	1.0	0.99
Short Long Term Debt Total	0.99		0.88	0.9	-0.59	0.96	0.41	1.0	-0.63	0.9	-0.96	0.99	0.68	-0.63	1.0	-0.96	0.93	0.99	0.97	0.99	0.91	0.86	0.96	0.97	0.99	0.99
Other Current Liab	0.87	0.88		0.94	-0.77	0.96	0.43	0.86	-0.76	0.88	-0.78	0.83	0.75	-0.57	0.87	-0.78	0.92	0.86	0.81	0.81	0.93	0.72	0.8	0.81	0.89	0.83
Total Current Liabilities	0.92	0.9	0.94		-0.8	0.92	0.67	0.9	-0.84	0.99	-0.85	0.86	0.83	-0.55	0.9	-0.85	0.99	0.89	0.86	0.86	0.81	0.9	0.89	0.86	0.94	0.85
Total Stockholder Equity	-0.64	-0.59	-0.77	-0.8		-0.71	-0.73	-0.56	0.96	-0.77	0.49	-0.52	-0.97	0.73	-0.58	0.49	-0.78	-0.53	-0.46	-0.55	-0.61	-0.68	-0.66	-0.46	-0.67	-0.53
Property Plant And Equipment Net	0.95	0.96	0.96	0.92	-0.71		0.4	0.94	-0.69	0.88	-0.86	0.93	0.74	-0.69	0.95	-0.86	0.93	0.93	0.88	0.93	0.97	0.78	0.92	0.88	0.96	0.94
Current Deferred Revenue	0.49	0.41	0.43	0.67	-0.73	0.4		0.41	-0.77	0.73	-0.38	0.36	0.74	-0.35	0.43	-0.38	0.67	0.39	0.36	0.42	0.18	0.79	0.57	0.36	0.54	0.36
Net Debt	0.99	1.0	0.86	0.9	-0.56	0.94	0.41		-0.62	0.9	-0.98	0.99	0.66	-0.59	1.0	-0.98	0.93	1.0	0.98	0.98	0.88	0.87	0.95	0.98	0.99	0.99
Retained Earnings	-0.67	-0.63	-0.76	-0.84	0.96	-0.69	-0.77	-0.62		-0.83	0.61	-0.57	-0.97	0.65	-0.63	0.61	-0.82	-0.6	-0.56	-0.59	-0.56	-0.75	-0.67	-0.56	-0.71	-0.57
Accounts Payable	0.92	0.9	0.88	0.99	-0.77	0.88	0.73	0.9	-0.83		-0.87	0.86	0.82	-0.54	0.9	-0.87	0.99	0.89	0.87	0.87	0.75	0.95	0.91	0.87	0.95	0.86
Cash	-0.95	-0.96	-0.78	-0.85	0.49	-0.86	-0.38	-0.98	0.61	-0.87		-0.97	-0.63	0.55	-0.97	1.0	-0.88	-0.98	-0.99	-0.95	-0.8	-0.86	-0.91	-0.99	-0.94	-0.96
Non Current Assets Total	0.99	0.99	0.83	0.86	-0.52	0.93	0.36	0.99	-0.57	0.86	-0.97		0.63	-0.63	1.0	-0.97	0.89	0.99	0.97	1.0	0.89	0.85	0.96	0.97	0.98	1.0
Non Currrent Assets Other	0.73	0.68	0.75	0.83	-0.97	0.74	0.74	0.66	-0.97	0.82	-0.63	0.63		-0.8	0.68	-0.63	0.83	0.63	0.57	0.66	0.63	0.77	0.75	0.57	0.75	0.63
Other Assets	-0.67	-0.63	-0.57	-0.55	0.73	-0.69	-0.35	-0.59	0.65	-0.54	0.55	-0.63	-0.8		-0.62	0.55	-0.59	-0.55	-0.47	-0.67	-0.68	-0.56	-0.72	-0.47	-0.65	-0.65
Long Term Debt	0.99	1.0	0.87	0.9	-0.58	0.95	0.43	1.0	-0.63	0.9	-0.97	1.0	0.68	-0.62		-0.97	0.93	0.99	0.97	0.99	0.89	0.87	0.96	0.97	0.99	0.99
Cash And Short Term Investments	-0.95	-0.96	-0.78	-0.85	0.49	-0.86	-0.38	-0.98	0.61	-0.87	1.0	-0.97	-0.63	0.55	-0.97		-0.88	-0.98	-0.99	-0.95	-0.8	-0.86	-0.91	-0.99	-0.94	-0.96
Net Receivables	0.95	0.93	0.92	0.99	-0.78	0.93	0.67	0.93	-0.82	0.99	-0.88	0.89	0.83	-0.59	0.93	-0.88		0.92	0.89	0.9	0.82	0.93	0.93	0.89	0.97	0.89
Good Will	0.98	0.99	0.86	0.89	-0.53	0.93	0.39	1.0	-0.6	0.89	-0.98	0.99	0.63	-0.55	0.99	-0.98	0.92		0.99	0.98	0.87	0.86	0.93	0.99	0.98	0.99
Common Stock Shares Outstanding	0.95	0.97	0.81	0.86	-0.46	0.88	0.36	0.98	-0.56	0.87	-0.99	0.97	0.57	-0.47	0.97	-0.99	0.89	0.99		0.95	0.82	0.84	0.9	1.0	0.95	0.97
Non Current Liabilities Total	0.99	0.99	0.81	0.86	-0.55	0.93	0.42	0.98	-0.59	0.87	-0.95	1.0	0.66	-0.67	0.99	-0.95	0.9	0.98	0.95		0.87	0.88	0.98	0.95	0.98	1.0
Capital Lease Obligations	0.88	0.91	0.93	0.81	-0.61	0.97	0.18	0.88	-0.56	0.75	-0.8	0.89	0.63	-0.68	0.89	-0.8	0.82	0.87	0.82	0.87		0.62	0.83	0.82	0.88	0.89
Inventory	0.9	0.86	0.72	0.9	-0.68	0.78	0.79	0.87	-0.75	0.95	-0.86	0.85	0.77	-0.56	0.87	-0.86	0.93	0.86	0.84	0.88	0.62		0.93	0.84	0.92	0.84
Other Current Assets	0.99	0.96	0.8	0.89	-0.66	0.92	0.57	0.95	-0.67	0.91	-0.91	0.96	0.75	-0.72	0.96	-0.91	0.93	0.93	0.9	0.98	0.83	0.93		0.9	0.98	0.96
Other Stockholder Equity	0.95	0.97	0.81	0.86	-0.46	0.88	0.36	0.98	-0.56	0.87	-0.99	0.97	0.57	-0.47	0.97	-0.99	0.89	0.99	1.0	0.95	0.82	0.84	0.9		0.95	0.96
Total Liab	1.0	0.99	0.89	0.94	-0.67	0.96	0.54	0.99	-0.71	0.95	-0.94	0.98	0.75	-0.65	0.99	-0.94	0.97	0.98	0.95	0.98	0.88	0.92	0.98	0.95		0.98
Net Invested Capital	0.99	0.99	0.83	0.85	-0.53	0.94	0.36	0.99	-0.57	0.86	-0.96	1.0	0.63	-0.65	0.99	-0.96	0.89	0.99	0.97	1.0	0.89	0.84	0.96	0.96	0.98

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BrightSpring Total Liab vs Net Receivables Analysis

Total Liab vs Net Receivables

Total Liab vs Net Receivables Correlation Analysis

Correlation Coefficient

Total Liab

Net Receivables

BrightSpring Health fundamental ratios Correlations

BrightSpring Health Account Relationship Matchups

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Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Net Debt
Good Will	+ 1.0	Net Debt
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.99	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.99	Cash And Short Term Investments
Other Stockholder Equity	- 0.99	Cash
Common Stock Shares Outstanding	- 0.99	Cash
Good Will	- 0.98	Cash And Short Term Investments
Good Will	- 0.98	Cash