GoHealth Accounts Payable vs Total Current Assets Analysis

GOCO Stock

USD 19.15 1.13 6.27%

GoHealth financial indicator trend analysis is much more than just examining GoHealth latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoHealth is a good investment. Please check the relationship between GoHealth Accounts Payable and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoHealth Accounts Payable account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between GoHealth's Accounts Payable and Total Current Assets is 0.98. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of GoHealth, assuming nothing else is changed. The correlation between historical values of GoHealth's Accounts Payable and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of GoHealth are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Accounts Payable i.e., GoHealth's Accounts Payable and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents GoHealth obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of GoHealth are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.At this time, GoHealth's Selling General Administrative is very stable compared to the past year. As of the 17th of February 2025, Sales General And Administrative To Revenue is likely to grow to 0.20, while Tax Provision is likely to drop about 73.2 K.

	2024	2025 (projected)
Depreciation And Amortization	121.6M	115.5M
Interest Income	9.4M	9.9M

Depreciation And Amortization Interest Income

GoHealth fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	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	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Capital Lease Obligations	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.95	0.72	0.75	0.89	-0.49	-0.52	0.71	0.59	0.92	-0.39	0.9	0.83	0.99	0.94	0.93	0.83	0.87	0.22	-0.99	0.95	0.94	0.56	0.87	0.93	0.91
Short Long Term Debt Total	0.95		0.82	0.85	0.77	-0.46	-0.26	0.9	0.7	0.99	-0.55	0.99	0.79	0.91	0.98	0.99	0.79	0.97	0.05	-0.91	1.0	0.98	0.36	0.96	1.0	0.99
Other Current Liab	0.72	0.82		0.99	0.55	-0.56	-0.02	0.84	0.91	0.8	-0.76	0.86	0.69	0.65	0.74	0.79	0.69	0.87	-0.11	-0.71	0.8	0.77	0.19	0.81	0.82	0.86
Total Current Liabilities	0.75	0.85	0.99		0.58	-0.54	-0.01	0.87	0.94	0.85	-0.79	0.89	0.67	0.68	0.78	0.82	0.67	0.9	-0.08	-0.74	0.84	0.81	0.18	0.84	0.86	0.89
Total Stockholder Equity	0.89	0.77	0.55	0.58		-0.13	-0.45	0.44	0.5	0.77	-0.44	0.71	0.58	0.92	0.71	0.7	0.58	0.67	0.64	-0.94	0.78	0.82	0.37	0.6	0.75	0.75
Other Liab	-0.49	-0.46	-0.56	-0.54	-0.13		0.54	-0.45	-0.42	-0.38	-0.02	-0.46	-0.75	-0.44	-0.52	-0.52	-0.75	-0.51	0.57	0.41	-0.45	-0.36	-0.76	-0.61	-0.44	-0.41
Net Tangible Assets	-0.52	-0.26	-0.02	-0.01	-0.45	0.54		0.07	0.13	-0.17	-0.47	-0.17	-0.65	-0.56	-0.33	-0.3	-0.65	-0.17	-0.15	0.5	-0.29	-0.23	-0.94	-0.25	-0.22	-0.16
Property Plant And Equipment Net	0.71	0.9	0.84	0.87	0.44	-0.45	0.07		0.76	0.9	-0.65	0.94	0.65	0.63	0.86	0.9	0.65	0.95	-0.26	-0.65	0.88	0.84	0.12	0.94	0.91	0.92
Current Deferred Revenue	0.59	0.7	0.91	0.94	0.5	-0.42	0.13	0.76		0.72	-0.88	0.77	0.45	0.52	0.58	0.63	0.45	0.81	-0.02	-0.61	0.68	0.66	0.05	0.7	0.71	0.77
Net Debt	0.92	0.99	0.8	0.85	0.77	-0.38	-0.17	0.9	0.72		-0.61	0.99	0.71	0.88	0.96	0.97	0.71	0.96	0.08	-0.9	0.99	0.99	0.26	0.95	1.0	0.99
Retained Earnings	-0.39	-0.55	-0.76	-0.79	-0.44	-0.02	-0.47	-0.65	-0.88	-0.61		-0.63	-0.14	-0.34	-0.4	-0.46	-0.14	-0.64	-0.18	0.45	-0.53	-0.55	0.36	-0.48	-0.58	-0.65
Accounts Payable	0.9	0.99	0.86	0.89	0.71	-0.46	-0.17	0.94	0.77	0.99	-0.63		0.76	0.85	0.95	0.97	0.76	0.99	-0.01	-0.87	0.98	0.96	0.29	0.97	0.99	1.0
Cash	0.83	0.79	0.69	0.67	0.58	-0.75	-0.65	0.65	0.45	0.71	-0.14	0.76		0.8	0.8	0.83	1.0	0.76	-0.13	-0.78	0.8	0.71	0.74	0.8	0.77	0.74
Non Current Assets Total	0.99	0.91	0.65	0.68	0.92	-0.44	-0.56	0.63	0.52	0.88	-0.34	0.85	0.8		0.9	0.89	0.8	0.81	0.31	-0.99	0.92	0.92	0.57	0.82	0.89	0.86
Non Currrent Assets Other	0.94	0.98	0.74	0.78	0.71	-0.52	-0.33	0.86	0.58	0.96	-0.4	0.95	0.8	0.9		0.99	0.8	0.92	-0.05	-0.88	0.98	0.97	0.43	0.96	0.97	0.94
Other Assets	0.93	0.99	0.79	0.82	0.7	-0.52	-0.3	0.9	0.63	0.97	-0.46	0.97	0.83	0.89	0.99		0.83	0.95	-0.06	-0.88	0.99	0.97	0.41	0.98	0.99	0.97
Cash And Short Term Investments	0.83	0.79	0.69	0.67	0.58	-0.75	-0.65	0.65	0.45	0.71	-0.14	0.76	1.0	0.8	0.8	0.83		0.76	-0.13	-0.78	0.8	0.71	0.74	0.8	0.77	0.74
Net Receivables	0.87	0.97	0.87	0.9	0.67	-0.51	-0.17	0.95	0.81	0.96	-0.64	0.99	0.76	0.81	0.92	0.95	0.76		-0.06	-0.84	0.96	0.92	0.32	0.97	0.97	0.98
Common Stock Total Equity	0.22	0.05	-0.11	-0.08	0.64	0.57	-0.15	-0.26	-0.02	0.08	-0.18	-0.01	-0.13	0.31	-0.05	-0.06	-0.13	-0.06		-0.35	0.07	0.15	-0.11	-0.2	0.04	0.07
Common Stock Shares Outstanding	-0.99	-0.91	-0.71	-0.74	-0.94	0.41	0.5	-0.65	-0.61	-0.9	0.45	-0.87	-0.78	-0.99	-0.88	-0.88	-0.78	-0.84	-0.35		-0.92	-0.92	-0.52	-0.82	-0.9	-0.89
Long Term Debt Total	0.95	1.0	0.8	0.84	0.78	-0.45	-0.29	0.88	0.68	0.99	-0.53	0.98	0.8	0.92	0.98	0.99	0.8	0.96	0.07	-0.92		0.98	0.37	0.96	1.0	0.99
Non Current Liabilities Total	0.94	0.98	0.77	0.81	0.82	-0.36	-0.23	0.84	0.66	0.99	-0.55	0.96	0.71	0.92	0.97	0.97	0.71	0.92	0.15	-0.92	0.98		0.29	0.92	0.98	0.97
Capital Lease Obligations	0.56	0.36	0.19	0.18	0.37	-0.76	-0.94	0.12	0.05	0.26	0.36	0.29	0.74	0.57	0.43	0.41	0.74	0.32	-0.11	-0.52	0.37	0.29		0.42	0.32	0.26
Other Current Assets	0.87	0.96	0.81	0.84	0.6	-0.61	-0.25	0.94	0.7	0.95	-0.48	0.97	0.8	0.82	0.96	0.98	0.8	0.97	-0.2	-0.82	0.96	0.92	0.42		0.96	0.95
Other Stockholder Equity	0.93	1.0	0.82	0.86	0.75	-0.44	-0.22	0.91	0.71	1.0	-0.58	0.99	0.77	0.89	0.97	0.99	0.77	0.97	0.04	-0.9	1.0	0.98	0.32	0.96		0.99
Total Liab	0.91	0.99	0.86	0.89	0.75	-0.41	-0.16	0.92	0.77	0.99	-0.65	1.0	0.74	0.86	0.94	0.97	0.74	0.98	0.07	-0.89	0.99	0.97	0.26	0.95	0.99

Click cells to compare fundamentals

GoHealth Account Relationship Matchups

GoHealth fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.1B	2.1B	1.7B	1.5B	1.7B	1.7B
Short Long Term Debt Total	400.6M	696.3M	557.4M	543.0M	624.5M	457.2M
Other Current Liab	35.3M	55.0M	54.5M	100.4M	115.4M	121.2M
Total Current Liabilities	127.4M	217.1M	265.5M	370.0M	425.5M	446.8M
Total Stockholder Equity	378.8M	353.1M	318.1M	231.0M	265.7M	358.3M
Other Liab	340.9M	185.8M	274.4M	259.0M	233.1M	214.6M
Net Tangible Assets	(309.2M)	(694.9M)	(241.6M)	(182.6M)	(209.9M)	(220.4M)
Property Plant And Equipment Net	17.4M	47.7M	46.8M	48.8M	56.2M	32.8M
Current Deferred Revenue	736K	536K	50.6M	52.4M	60.3M	63.3M
Net Debt	256.3M	611.9M	541.0M	452.2M	520.1M	393.3M
Retained Earnings	(18.8M)	(208.3M)	(357.0M)	(420.3M)	(378.3M)	(397.2M)
Accounts Payable	87.2M	144.0M	137.2M	136.4M	156.9M	110.6M
Cash	144.2M	84.4M	16.5M	90.8M	104.4M	63.9M
Non Current Assets Total	1.7B	1.6B	1.2B	1.0B	1.2B	1.3B
Non Currrent Assets Other	624.3M	997.5M	697.4M	577.7M	664.4M	597.1M
Other Assets	282.9M	624.3M	997.5M	697.4M	802.0M	589.4M
Cash And Short Term Investments	144.2M	84.4M	16.5M	90.8M	104.4M	63.9M
Net Receivables	205.7M	285.9M	340.5M	336.5M	386.9M	246.2M
Common Stock Shares Outstanding	5.6M	7.1M	8.4M	9.3M	8.4M	7.6M
Long Term Debt Total	288.7M	396.4M	665.1M	504.8M	580.5M	408.1M
Liabilities And Stockholders Equity	2.1B	2.1B	1.7B	1.5B	1.7B	1.7B
Non Current Liabilities Total	582.3M	959.3M	802.1M	674.6M	775.8M	720.3M
Capital Lease Obligations	396.4M	25.9M	47.3M	45.3M	40.8M	68.7M
Other Current Assets	41.9M	58.7M	57.6M	49.2M	56.5M	40.0M
Other Stockholder Equity	399.2M	769.8M	625.9M	602.1M	692.4M	500.4M
Total Liab	709.6M	1.2B	1.1B	1.1B	1.3B	938.5M
Net Invested Capital	781.0M	1.0B	778.8M	728.7M	838.0M	684.6M
Short Long Term Debt	3M	4.2M	5.3M	75M	86.3M	90.6M
Total Current Assets	391.8M	429.0M	414.6M	476.4M	547.9M	350.1M
Accumulated Other Comprehensive Income	(18.8M)	(208.4M)	(144K)	(127K)	(114.3K)	(120.0K)
Non Current Liabilities Other	3.3M	294.2M	297.3M	9.1M	10.5M	9.9M
Net Working Capital	264.5M	211.9M	149.1M	106.4M	122.4M	140.9M
Short Term Debt	4.2M	17.5M	23.2M	80.8M	92.9M	97.6M
Property Plant Equipment	6.3M	17.4M	47.7M	46.8M	53.8M	28.6M
Long Term Debt	396.4M	665.1M	504.8M	422.7M	486.1M	501.0M
Property Plant And Equipment Gross	17.4M	47.7M	46.8M	78.0M	89.6M	94.1M
Intangible Assets	688.7M	594.7M	500.6M	396.6M	356.9M	474.1M

Pair Trading with GoHealth

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoHealth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoHealth will appreciate offsetting losses from the drop in the long position's value.

Moving together with GoHealth Stock

0.85

EHTH

eHealth Earnings Call Next Week

Pair Corr

Moving against GoHealth Stock

0.87	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.72	ZBAO	Zhibao Technology Class	Pair Corr
0.66	ERIE	Erie Indemnity Earnings Call This Week	Pair Corr
0.45	BWIN	Baldwin Insurance Symbol Change	Pair Corr

The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoHealth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoHealth to buy it.

The correlation of GoHealth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for GoHealth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether GoHealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoHealth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gohealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gohealth Stock:

How To Invest In GoHealth

Details

Is GoHealth Stock a good investment?

Details

What is GoHealth's Net Worth?

Details

Largest Property & Casualty Insurance Companies

View

Largest Insurance Brokers Companies

View

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoHealth. If investors know GoHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

4.241

Earnings Share

(3.29)

Revenue Per Share

69.776

Quarterly Revenue Growth

(0.10)

Return On Assets

(0.03)

The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoHealth's market value can be influenced by many factors that don't directly affect GoHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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GoHealth Accounts Payable vs Total Current Assets Analysis

Accounts Payable vs Total Current Assets

Accounts Payable vs Total Current Assets Correlation Analysis

Correlation Coefficient

Accounts Payable

Total Current Assets

GoHealth fundamental ratios Correlations

GoHealth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoHealth fundamental ratios Accounts

Pair Trading with GoHealth

Moving together with GoHealth Stock

Moving against GoHealth Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt Total	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Net Debt
Total Liab	+ 1.0	Accounts Payable
Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 1.0	Long Term Debt Total

Common Stock Shares Outstanding	- 0.99	Non Current Assets Total
Common Stock Shares Outstanding	- 0.99	Total Assets
Capital Lease Obligations	- 0.94	Net Tangible Assets
Common Stock Shares Outstanding	- 0.94	Total Stockholder Equity
Non Current Liabilities Total	- 0.92	Common Stock Shares Outstanding
Long Term Debt Total	- 0.92	Common Stock Shares Outstanding