Max Other Assets vs Property Plant And Equipment Net Analysis

MAXHEALTH   1,168  35.50  3.14%   
Max Healthcare financial indicator trend analysis is infinitely more than just investigating Max Healthcare Institute recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Max Healthcare Institute is a good investment. Please check the relationship between Max Healthcare Other Assets and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Healthcare Institute. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Other Assets vs Property Plant And Equipment Net

Other Assets vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Max Healthcare Institute Other Assets account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Max Healthcare's Other Assets and Property Plant And Equipment Net is -0.24. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Max Healthcare Institute, assuming nothing else is changed. The correlation between historical values of Max Healthcare's Other Assets and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Max Healthcare Institute are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Other Assets i.e., Max Healthcare's Other Assets and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Assets

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.
Most indicators from Max Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Max Healthcare Institute 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Max Healthcare Institute. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Tax Provision is expected to rise to about 3.2 B this year, although the value of Selling General Administrative will most likely fall to about 6.4 B.
 2021 2022 2023 2024 (projected)
Interest Expense900.1M838.6M598.9M954.1M
Depreciation And Amortization2.2B2.3B2.4B1.4B

Max Healthcare fundamental ratios Correlations

0.640.490.610.990.950.180.860.90.831.00.580.040.90.680.990.920.780.90.050.890.80.86-0.080.890.91
0.640.410.810.520.580.660.370.610.670.650.6-0.030.40.940.580.620.830.670.450.650.910.550.440.70.61
0.490.410.660.450.440.260.390.620.30.490.460.170.440.530.450.510.440.5-0.20.450.580.52-0.190.530.49
0.610.810.660.520.560.590.470.620.510.60.58-0.070.570.940.530.60.590.730.370.630.820.690.520.640.57
0.990.520.450.520.950.030.870.890.810.980.540.030.920.570.990.910.70.88-0.050.880.70.86-0.170.850.91
0.950.580.440.560.950.10.950.810.910.950.68-0.240.830.60.920.780.660.790.060.730.690.75-0.060.740.76
0.180.660.260.590.030.1-0.050.080.090.190.170.170.010.690.070.160.530.20.610.150.610.080.60.30.11
0.860.370.390.470.870.95-0.050.730.780.840.6-0.360.830.450.810.660.470.70.040.60.520.72-0.10.590.63
0.90.610.620.620.890.810.080.730.650.890.460.190.830.660.890.950.810.95-0.040.910.820.93-0.220.940.94
0.830.670.30.510.810.910.090.780.650.840.82-0.380.630.590.820.620.590.640.10.640.620.570.080.590.64
1.00.650.490.60.980.950.190.840.890.840.580.040.870.680.990.920.80.890.040.880.810.84-0.090.890.91
0.580.60.460.580.540.680.170.60.460.820.58-0.450.480.540.540.350.380.420.210.380.50.430.190.340.38
0.04-0.030.17-0.070.03-0.240.17-0.360.19-0.380.04-0.450.050.010.080.340.310.18-0.150.310.190.16-0.350.380.35
0.90.40.440.570.920.830.010.830.830.630.870.480.050.540.880.840.560.880.070.830.630.93-0.070.780.84
0.680.940.530.940.570.60.690.450.660.590.680.540.010.540.60.670.770.770.470.710.920.670.510.740.65
0.990.580.450.530.990.920.070.810.890.820.990.540.080.880.60.930.750.88-0.060.910.740.85-0.160.880.93
0.920.620.510.60.910.780.160.660.950.620.920.350.340.840.670.930.840.96-0.020.980.830.92-0.160.980.99
0.780.830.440.590.70.660.530.470.810.590.80.380.310.560.770.750.840.790.250.790.950.680.00.910.81
0.90.670.50.730.880.790.20.70.950.640.890.420.180.880.770.880.960.790.140.960.850.970.040.940.95
0.050.45-0.20.37-0.050.060.610.04-0.040.10.040.21-0.150.070.47-0.06-0.020.250.140.020.330.10.670.05-0.04
0.890.650.450.630.880.730.150.60.910.640.880.380.310.830.710.910.980.790.960.020.810.92-0.040.960.99
0.80.910.580.820.70.690.610.520.820.620.810.50.190.630.920.740.830.950.850.330.810.760.210.90.8
0.860.550.520.690.860.750.080.720.930.570.840.430.160.930.670.850.920.680.970.10.920.76-0.020.880.91
-0.080.44-0.190.52-0.17-0.060.6-0.1-0.220.08-0.090.19-0.35-0.070.51-0.16-0.160.00.040.67-0.040.21-0.02-0.09-0.17
0.890.70.530.640.850.740.30.590.940.590.890.340.380.780.740.880.980.910.940.050.960.90.88-0.090.97
0.910.610.490.570.910.760.110.630.940.640.910.380.350.840.650.930.990.810.95-0.040.990.80.91-0.170.97
Click cells to compare fundamentals

Max Healthcare Account Relationship Matchups

Max Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.2B85.4B91.9B101.0B120.0B126.0B
Short Long Term Debt Total15.1B13.3B11.3B6.9B15.1B10.7B
Other Current Liab603.1M2.5B1.8B3.8B4.1B2.3B
Total Current Liabilities14.7B7.8B7.6B10.5B12.5B8.3B
Total Stockholder Equity9.9B56.4B62.8B74.1B84.1B88.3B
Property Plant And Equipment Net11.5B17.7B20.6B22.3B36.9B38.8B
Net Debt12.4B7.0B8.2B6.5B5.3B8.4B
Retained Earnings(4.2B)(4.6B)1.5B12.3B21.9B23.0B
Accounts Payable1.8B4.4B4.4B5.4B6.8B3.6B
Cash2.7B6.3B3.1B427.5M9.8B10.3B
Non Current Assets Total30.6B74.2B81.9B81.6B102.9B108.1B
Non Currrent Assets Other6.5B8.5B(100K)3.2B10.2B10.7B
Other Assets1.8B8.6B10.2B8.7B1.00.95
Cash And Short Term Investments2.8B6.3B4.9B15.0B9.8B10.3B
Net Receivables5.7B3.9B4.1B3.7B5.0B3.8B
Common Stock Shares Outstanding537.2M863.2M969.4M971.7M975.5M736.4M
Liabilities And Stockholders Equity38.2B85.4B91.9B101.0B120.0B126.0B
Non Current Liabilities Total13.6B21.3B21.5B16.5B23.4B16.6B
Inventory433.7M538M613.6M762.3M798.4M449.0M
Other Current Assets4.9B560.8M480.2M1.3B1.5B1.8B
Other Stockholder Equity23.4B51.0B51.4B51.6B51.8B28.5B
Total Liab28.4B29.1B29.1B26.9B35.9B24.9B
Total Current Assets7.7B11.2B10.0B19.4B17.1B8.7B
Accumulated Other Comprehensive Income0.0265.1M275.5M465.3M659.8M692.8M
Short Term Debt7.5B886M1.1B845M1.2B1.9B
Intangible Assets9.5B23.3B26.6B26.1B26.3B15.2B
Current Deferred Revenue6.3B1.9B1.2B3.3B491.5M466.9M
Short Term Investments60M2M1.8B14.6B1.6B2.2B
Other Liab2.9B11.2B13.5B10.4B12.0B9.4B
Net Tangible Assets19.9B8.5B11.7B23.4B27.0B28.3B
Long Term Debt7.9B8.4B6.3B5.0B10.6B6.3B
Capital Lease Obligations2.2B1.8B1.9B1.2B1.5B1.4B
Net Invested Capital22.9B65.4B70.1B79.7B95.6B58.7B
Short Long Term Debt5.1B542.5M972.4M682.4M887.9M1.2B
Non Current Liabilities Other25.3M2.4B2.3B2.3B2.2B1.5B
Net Working Capital(7.1B)3.5B2.4B9.0B4.6B4.8B
Property Plant Equipment3.2B17.7B20.6B22.3B25.6B15.4B

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Other Information on Investing in Max Stock

Balance Sheet is a snapshot of the financial position of Max Healthcare Institute at a specified time, usually calculated after every quarter, six months, or one year. Max Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Max Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Max currently owns. An asset can also be divided into two categories, current and non-current.