Elevance Property Plant And Equipment Net vs Short Term Investments Analysis

ELV Stock

USD 388.46 13.47 3.35%

Elevance Health financial indicator trend analysis is much more than just examining Elevance Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elevance Health is a good investment. Please check the relationship between Elevance Health Property Plant And Equipment Net and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elevance Health Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Elevance Health's Property Plant And Equipment Net and Short Term Investments is 0.77. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Elevance Health, assuming nothing else is changed. The correlation between historical values of Elevance Health's Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Elevance Health are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Elevance Health's Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Short Term Investments

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

Most indicators from Elevance Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elevance 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elevance Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.At this time, Elevance Health's Discontinued Operations is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.21 in 2025, whereas Tax Provision is likely to drop slightly above 1.7 B in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	40.0B	47.0B	157.1B	164.9B
Total Revenue	156.6B	171.3B	176.8B	185.7B

Gross Profit Total Revenue

Elevance Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Short Term Investments	Other Current Assets	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity
Total Assets		0.83	0.99	0.81	-0.07	-0.22	0.53	0.47	0.85	0.29	0.76	0.65	0.83	0.67	0.76	0.79	0.96	0.8	0.92	0.8	0.82	0.56	0.22	0.42	0.74	-0.03
Short Long Term Debt Total	0.83		0.82	0.98	0.01	-0.26	0.83	0.54	0.98	0.38	0.88	0.61	0.97	0.85	0.92	0.99	0.75	0.96	0.82	0.95	0.95	0.86	0.54	0.37	0.68	0.01
Total Stockholder Equity	0.99	0.82		0.82	-0.11	-0.1	0.51	0.58	0.84	0.22	0.72	0.71	0.82	0.67	0.74	0.79	0.96	0.79	0.95	0.78	0.81	0.58	0.23	0.45	0.75	0.11
Net Debt	0.81	0.98	0.82		-0.11	-0.19	0.78	0.59	0.95	0.27	0.81	0.67	0.91	0.85	0.83	0.97	0.74	0.92	0.85	0.89	0.89	0.84	0.47	0.44	0.7	0.07
Other Assets	-0.07	0.01	-0.11	-0.11		-0.15	0.37	-0.2	0.11	0.82	0.26	-0.53	0.17	-0.09	0.27	0.05	-0.07	0.09	-0.21	0.2	0.18	0.07	0.38	-0.61	-0.26	-0.44
Common Stock Shares Outstanding	-0.22	-0.26	-0.1	-0.19	-0.15		-0.27	0.65	-0.26	-0.31	-0.43	0.19	-0.36	-0.33	-0.39	-0.28	-0.1	-0.23	0.12	-0.4	-0.4	-0.11	-0.15	-0.19	-0.19	0.78
Non Current Liabilities Total	0.53	0.83	0.51	0.78	0.37	-0.27		0.38	0.83	0.57	0.74	0.29	0.83	0.8	0.84	0.88	0.42	0.83	0.53	0.84	0.81	0.92	0.83	0.03	0.29	-0.19
Other Stockholder Equity	0.47	0.54	0.58	0.59	-0.2	0.65	0.38		0.52	-0.03	0.29	0.71	0.43	0.38	0.35	0.52	0.5	0.51	0.76	0.38	0.38	0.57	0.28	0.15	0.39	0.72
Total Liab	0.85	0.98	0.84	0.95	0.11	-0.26	0.83	0.52		0.47	0.91	0.61	0.99	0.83	0.94	0.98	0.8	0.97	0.82	0.97	0.97	0.83	0.53	0.34	0.62	-0.06
Other Current Liab	0.29	0.38	0.22	0.27	0.82	-0.31	0.57	-0.03	0.47		0.68	-0.27	0.5	0.13	0.57	0.42	0.26	0.4	0.14	0.52	0.51	0.27	0.36	-0.4	0.05	-0.49
Total Current Liabilities	0.76	0.88	0.72	0.81	0.26	-0.43	0.74	0.29	0.91	0.68		0.37	0.92	0.6	0.92	0.88	0.7	0.86	0.65	0.92	0.93	0.66	0.41	0.12	0.54	-0.28
Other Liab	0.65	0.61	0.71	0.67	-0.53	0.19	0.29	0.71	0.61	-0.27	0.37		0.53	0.56	0.42	0.59	0.67	0.59	0.79	0.49	0.51	0.55	0.07	0.51	0.58	0.44
Retained Earnings	0.83	0.97	0.82	0.91	0.17	-0.36	0.83	0.43	0.99	0.5	0.92	0.53		0.83	0.97	0.97	0.78	0.95	0.76	0.99	0.99	0.81	0.54	0.33	0.62	-0.12
Accounts Payable	0.67	0.85	0.67	0.85	-0.09	-0.33	0.8	0.38	0.83	0.13	0.6	0.56	0.83		0.75	0.86	0.61	0.84	0.64	0.81	0.8	0.81	0.61	0.59	0.51	-0.05
Cash	0.76	0.92	0.74	0.83	0.27	-0.39	0.84	0.35	0.94	0.57	0.92	0.42	0.97	0.75		0.93	0.68	0.92	0.67	0.97	0.96	0.8	0.61	0.18	0.53	-0.15
Long Term Debt	0.79	0.99	0.79	0.97	0.05	-0.28	0.88	0.52	0.98	0.42	0.88	0.59	0.97	0.86	0.93		0.71	0.95	0.79	0.96	0.95	0.89	0.59	0.32	0.6	-0.03
Short Term Investments	0.96	0.75	0.96	0.74	-0.07	-0.1	0.42	0.5	0.8	0.26	0.7	0.67	0.78	0.61	0.68	0.71		0.74	0.89	0.74	0.77	0.45	0.1	0.5	0.67	0.03
Other Current Assets	0.8	0.96	0.79	0.92	0.09	-0.23	0.83	0.51	0.97	0.4	0.86	0.59	0.95	0.84	0.92	0.95	0.74		0.78	0.91	0.91	0.85	0.59	0.32	0.62	-0.03
Intangible Assets	0.92	0.82	0.95	0.85	-0.21	0.12	0.53	0.76	0.82	0.14	0.65	0.79	0.76	0.64	0.67	0.79	0.89	0.78		0.72	0.73	0.66	0.25	0.38	0.69	0.28
Property Plant Equipment	0.8	0.95	0.78	0.89	0.2	-0.4	0.84	0.38	0.97	0.52	0.92	0.49	0.99	0.81	0.97	0.96	0.74	0.91	0.72		1.0	0.82	0.57	0.28	0.54	-0.17
Property Plant And Equipment Net	0.82	0.95	0.81	0.89	0.18	-0.4	0.81	0.38	0.97	0.51	0.93	0.51	0.99	0.8	0.96	0.95	0.77	0.91	0.73	1.0		0.78	0.52	0.32	0.57	-0.16
Non Current Assets Total	0.56	0.86	0.58	0.84	0.07	-0.11	0.92	0.57	0.83	0.27	0.66	0.55	0.81	0.81	0.8	0.89	0.45	0.85	0.66	0.82	0.78		0.79	0.11	0.34	0.06
Non Currrent Assets Other	0.22	0.54	0.23	0.47	0.38	-0.15	0.83	0.28	0.53	0.36	0.41	0.07	0.54	0.61	0.61	0.59	0.1	0.59	0.25	0.57	0.52	0.79		-0.14	-0.01	-0.13
Cash And Short Term Investments	0.42	0.37	0.45	0.44	-0.61	-0.19	0.03	0.15	0.34	-0.4	0.12	0.51	0.33	0.59	0.18	0.32	0.5	0.32	0.38	0.28	0.32	0.11	-0.14		0.51	0.16
Net Receivables	0.74	0.68	0.75	0.7	-0.26	-0.19	0.29	0.39	0.62	0.05	0.54	0.58	0.62	0.51	0.53	0.6	0.67	0.62	0.69	0.54	0.57	0.34	-0.01	0.51		0.17
Common Stock Total Equity	-0.03	0.01	0.11	0.07	-0.44	0.78	-0.19	0.72	-0.06	-0.49	-0.28	0.44	-0.12	-0.05	-0.15	-0.03	0.03	-0.03	0.28	-0.17	-0.16	0.06	-0.13	0.16	0.17

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Elevance Health Account Relationship Matchups

Elevance Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	86.6B	97.3B	102.8B	108.9B	116.7B	60.5B
Short Long Term Debt Total	20.0B	23.0B	24.1B	25.1B	29.2B	30.7B
Total Stockholder Equity	33.2B	36.1B	36.3B	39.3B	41.3B	24.4B
Net Debt	14.3B	18.2B	16.7B	18.6B	20.9B	22.0B
Other Assets	(11.3B)	(13.7B)	(14.8B)	1.9B	1.7B	1.8B
Liabilities And Stockholders Equity	86.6B	97.3B	102.8B	108.9B	116.7B	60.5B
Non Current Liabilities Total	21.4B	23.8B	26.7B	43.2B	75.2B	79.0B
Other Stockholder Equity	9.2B	9.1B	9.1B	8.9B	10.2B	11.1B
Total Liab	53.4B	61.2B	66.4B	69.5B	75.2B	79.0B
Other Current Liab	(18.8B)	(21.5B)	31.0B	15.5B	13.9B	14.6B
Total Current Liabilities	18.8B	21.5B	39.7B	26.3B	30.2B	31.8B
Other Liab	3.8B	4.6B	5.1B	3.6B	4.1B	3.9B
Retained Earnings	23.8B	27.1B	29.7B	31.7B	33.5B	35.2B
Accounts Payable	16.9B	18.5B	5.6B	23.0B	22.7B	23.8B
Cash	5.7B	4.9B	7.4B	6.5B	8.3B	8.7B
Long Term Debt	19.3B	21.2B	22.3B	23.2B	29.2B	30.7B
Short Term Investments	23.4B	26.3B	26.0B	29.8B	25.2B	16.1B
Other Current Assets	34.3B	38.5B	39.3B	43.5B	50.1B	52.6B
Intangible Assets	9.4B	10.6B	10.3B	10.3B	12.1B	8.5B
Property Plant Equipment	3.1B	3.5B	3.9B	4.3B	5.0B	5.2B
Property Plant And Equipment Net	3.5B	3.9B	4.3B	4.4B	4.7B	4.9B
Non Current Assets Total	60.1B	67.5B	47.2B	48.9B	108.4B	113.8B
Non Currrent Assets Other	(1.7B)	(103M)	(19.8B)	2.8B	63.4B	66.5B
Cash And Short Term Investments	29.2B	31.1B	7.4B	36.1B	8.3B	16.3B
Net Receivables	5.7B	7.8B	9.0B	10.0B	8.0B	6.3B
Total Current Assets	40.1B	44.6B	55.6B	60.0B	8.3B	7.9B
Accumulated Other Comprehensive Income	150M	(178M)	(2.5B)	(1.3B)	(1.2B)	(1.1B)
Short Term Debt	700M	1.9B	1.9B	(13.6B)	(12.3B)	(11.7B)
Current Deferred Revenue	1.3B	1.2B	1.1B	1.4B	1.6B	1.7B
Good Will	21.7B	24.2B	24.4B	25.3B	28.3B	18.2B
Inventory	(34.3B)	(38.5B)	(11.4B)	(46.3B)	(41.7B)	(39.6B)
Retained Earnings Total Equity	22.6B	23.8B	27.1B	29.7B	34.2B	17.6B
Deferred Long Term Liab	2.2B	2.0B	2.8B	2.0B	2.3B	2.4B
Net Tangible Assets	2.6B	2.1B	1.2B	1.6B	1.9B	1.9B
Long Term Debt Total	17.8B	19.3B	21.2B	22.3B	25.7B	17.9B

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