National Long Term Investments vs Total Assets Analysis

NHC Stock

USD 125.20 0.73 0.59%

National HealthCare financial indicator trend analysis is infinitely more than just investigating National HealthCare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National HealthCare is a good investment. Please check the relationship between National HealthCare Long Term Investments and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National HealthCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade National Stock refer to our How to Trade National Stock guide.

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National HealthCare Long Term Investments account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between National HealthCare's Long Term Investments and Total Assets is -0.37. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Assets in the same time period over historical financial statements of National HealthCare, assuming nothing else is changed. The correlation between historical values of National HealthCare's Long Term Investments and Total 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 Long Term Investments of National HealthCare are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Investments i.e., National HealthCare's Long Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.37

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of National HealthCare balance sheet that represents investments National HealthCare intends to hold for over a year. National HealthCare long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Assets

Total assets refers to the total amount of National HealthCare assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in National HealthCare books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from National HealthCare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National HealthCare 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 National HealthCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For information on how to trade National Stock refer to our How to Trade National Stock guide.At present, National HealthCare's Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	381.3M	766.7M	429.2M	347.7M
Total Revenue	1.0B	1.1B	1.1B	710.2M

Gross Profit Total Revenue

National HealthCare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Retained Earnings	Common Stock Total Equity	Short Term Investments
Total Assets		0.25	0.62	0.74	0.79	0.9	-0.12	0.87	0.46	0.96	0.64	0.85	0.91	0.7	0.43	0.89	0.06	0.08	0.83	0.47	0.78	-0.05	0.03	0.73	0.82	0.72
Short Long Term Debt Total	0.25		0.31	-0.21	-0.08	0.12	0.74	0.44	-0.02	0.45	0.74	0.05	0.02	-0.37	0.93	0.03	-0.36	-0.34	0.69	0.13	-0.26	-0.64	-0.58	0.2	0.15	0.14
Other Current Liab	0.62	0.31		0.27	0.46	0.57	0.06	0.76	0.25	0.68	0.52	0.56	0.49	0.15	0.55	0.56	-0.32	0.56	0.65	0.37	0.29	-0.54	-0.1	0.51	0.54	0.47
Total Current Liabilities	0.74	-0.21	0.27		0.71	0.52	-0.37	0.47	0.34	0.53	0.36	0.86	0.64	0.82	-0.15	0.82	0.1	0.13	0.48	0.39	0.97	0.56	0.23	0.52	0.5	0.58
Total Stockholder Equity	0.79	-0.08	0.46	0.71		0.7	-0.33	0.71	0.37	0.71	0.38	0.68	0.85	0.74	0.14	0.78	0.1	0.13	0.56	0.76	0.73	0.07	0.1	0.92	0.82	0.58
Property Plant And Equipment Net	0.9	0.12	0.57	0.52	0.7		-0.16	0.8	0.38	0.9	0.36	0.68	0.93	0.71	0.37	0.8	0.19	0.18	0.65	0.27	0.64	-0.13	0.23	0.61	0.81	0.7
Net Debt	-0.12	0.74	0.06	-0.37	-0.33	-0.16		0.09	-0.69	0.05	0.27	-0.27	-0.3	-0.52	0.57	-0.25	-0.65	-0.06	0.28	-0.01	-0.47	-0.38	-0.46	-0.05	-0.1	-0.1
Accounts Payable	0.87	0.44	0.76	0.47	0.71	0.8	0.09		0.34	0.91	0.73	0.67	0.8	0.47	0.66	0.81	-0.08	0.14	0.88	0.55	0.51	-0.38	-0.09	0.75	0.8	0.69
Cash	0.46	-0.02	0.25	0.34	0.37	0.38	-0.69	0.34		0.42	0.38	0.47	0.47	0.37	0.14	0.4	0.57	-0.27	0.33	0.12	0.43	-0.11	0.06	0.25	0.3	0.3
Non Current Assets Total	0.96	0.45	0.68	0.53	0.71	0.9	0.05	0.91	0.42		0.72	0.73	0.86	0.52	0.63	0.79	-0.03	0.02	0.88	0.45	0.57	-0.3	-0.1	0.73	0.81	0.67
Non Currrent Assets Other	0.64	0.74	0.52	0.36	0.38	0.36	0.27	0.73	0.38	0.72		0.56	0.37	0.11	0.75	0.53	-0.23	-0.28	0.89	0.43	0.29	-0.38	-0.39	0.51	0.39	0.5
Cash And Short Term Investments	0.85	0.05	0.56	0.86	0.68	0.68	-0.27	0.67	0.47	0.73	0.56		0.69	0.72	0.19	0.91	-0.07	0.16	0.7	0.39	0.85	0.17	0.17	0.56	0.62	0.8
Net Receivables	0.91	0.02	0.49	0.64	0.85	0.93	-0.3	0.8	0.47	0.86	0.37	0.69		0.8	0.26	0.83	0.28	0.13	0.63	0.5	0.76	0.0	0.16	0.76	0.91	0.63
Common Stock Shares Outstanding	0.7	-0.37	0.15	0.82	0.74	0.71	-0.52	0.47	0.37	0.52	0.11	0.72	0.8		-0.19	0.84	0.42	0.12	0.33	0.28	0.89	0.49	0.55	0.49	0.6	0.7
Non Current Liabilities Total	0.43	0.93	0.55	-0.15	0.14	0.37	0.57	0.66	0.14	0.63	0.75	0.19	0.26	-0.19		0.24	-0.26	-0.19	0.8	0.25	-0.15	-0.79	-0.42	0.37	0.38	0.34
Inventory	0.89	0.03	0.56	0.82	0.78	0.8	-0.25	0.81	0.4	0.79	0.53	0.91	0.83	0.84	0.24		0.09	0.19	0.71	0.43	0.84	0.11	0.32	0.63	0.72	0.89
Other Current Assets	0.06	-0.36	-0.32	0.1	0.1	0.19	-0.65	-0.08	0.57	-0.03	-0.23	-0.07	0.28	0.42	-0.26	0.09		-0.33	-0.17	-0.24	0.23	0.22	0.5	-0.15	0.03	0.04
Other Stockholder Equity	0.08	-0.34	0.56	0.13	0.13	0.18	-0.06	0.14	-0.27	0.02	-0.28	0.16	0.13	0.12	-0.19	0.19	-0.33		-0.09	0.04	0.18	0.0	0.2	0.09	0.17	0.06
Total Liab	0.83	0.69	0.65	0.48	0.56	0.65	0.28	0.88	0.33	0.88	0.89	0.7	0.63	0.33	0.8	0.71	-0.17	-0.09		0.46	0.46	-0.36	-0.23	0.65	0.65	0.66
Property Plant And Equipment Gross	0.47	0.13	0.37	0.39	0.76	0.27	-0.01	0.55	0.12	0.45	0.43	0.39	0.5	0.28	0.25	0.43	-0.24	0.04	0.46		0.36	-0.12	-0.22	0.84	0.71	0.25
Total Current Assets	0.78	-0.26	0.29	0.97	0.73	0.64	-0.47	0.51	0.43	0.57	0.29	0.85	0.76	0.89	-0.15	0.84	0.23	0.18	0.46	0.36		0.53	0.31	0.52	0.6	0.59
Short Term Debt	-0.05	-0.64	-0.54	0.56	0.07	-0.13	-0.38	-0.38	-0.11	-0.3	-0.38	0.17	0.0	0.49	-0.79	0.11	0.22	0.0	-0.36	-0.12	0.53		0.36	-0.15	-0.15	-0.05
Intangible Assets	0.03	-0.58	-0.1	0.23	0.1	0.23	-0.46	-0.09	0.06	-0.1	-0.39	0.17	0.16	0.55	-0.42	0.32	0.5	0.2	-0.23	-0.22	0.31	0.36		-0.25	-0.01	0.4
Retained Earnings	0.73	0.2	0.51	0.52	0.92	0.61	-0.05	0.75	0.25	0.73	0.51	0.56	0.76	0.49	0.37	0.63	-0.15	0.09	0.65	0.84	0.52	-0.15	-0.25		0.84	0.44
Common Stock Total Equity	0.82	0.15	0.54	0.5	0.82	0.81	-0.1	0.8	0.3	0.81	0.39	0.62	0.91	0.6	0.38	0.72	0.03	0.17	0.65	0.71	0.6	-0.15	-0.01	0.84		0.55
Short Term Investments	0.72	0.14	0.47	0.58	0.58	0.7	-0.1	0.69	0.3	0.67	0.5	0.8	0.63	0.7	0.34	0.89	0.04	0.06	0.66	0.25	0.59	-0.05	0.4	0.44	0.55

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National HealthCare Account Relationship Matchups

National HealthCare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.4B	1.4B	1.3B	1.3B	772.0M
Short Long Term Debt Total	232.0M	194.0M	166.7M	125.9M	93.4M	76.8M
Other Current Liab	15.0M	200.4M	176.2M	112.8M	134.9M	72.8M
Total Current Liabilities	194.8M	281.2M	263.2M	197.9M	214.5M	165.7M
Total Stockholder Equity	778.6M	795.2M	903.0M	874.3M	908.8M	954.2M
Property Plant And Equipment Net	535.4M	520.3M	521.0M	627.1M	587.5M	349.6M
Net Debt	29.3M	46.9M	59.0M	67.3M	(13.7M)	(13.0M)
Accounts Payable	18.9M	21.1M	22.5M	17.0M	19.2M	14.7M
Cash	202.8M	147.1M	107.6M	58.7M	107.1M	68.6M
Non Current Assets Total	945.6M	905.4M	976.8M	921.5M	904.6M	499.2M
Non Currrent Assets Other	410.2M	385.1M	455.8M	106.2M	125.4M	110.8M
Cash And Short Term Investments	202.8M	323.4M	256.0M	182.6M	223.6M	131.1M
Net Receivables	97.2M	90.6M	96.6M	100.3M	109.0M	78.1M
Common Stock Shares Outstanding	15.4M	15.4M	15.4M	15.4M	15.4M	14.1M
Liabilities And Stockholders Equity	1.3B	1.4B	1.4B	1.3B	1.3B	772.0M
Non Current Liabilities Total	313.3M	285.7M	237.2M	200.0M	185.8M	156.3M
Inventory	7.4M	8.8M	8.6M	7.1M	7.4M	6.4M
Other Current Assets	183.0M	33.9M	7.4M	64.0M	66.2M	76.5M
Other Stockholder Equity	(330.3M)	226.9M	232.2M	227.0M	227.6M	134.4M
Total Liab	508.1M	567.0M	500.4M	397.9M	400.3M	321.9M
Property Plant And Equipment Gross	738.3M	699.4M	1.1B	506.5M	1.2B	1.3B
Total Current Assets	341.1M	456.8M	426.6M	353.9M	406.2M	272.8M
Accumulated Other Comprehensive Income	2.6M	5.1M	1.6M	(9.5M)	(6.6M)	(6.3M)
Short Term Debt	38.4M	59.7M	64.5M	68.1M	60.4M	46.7M
Retained Earnings	553.1M	563.0M	669.1M	656.7M	687.6M	722.0M
Short Term Investments	152.5M	176.4M	148.4M	123.9M	116.5M	114.8M
Other Liab	119.2M	285.7M	237.2M	108.2M	124.4M	89.4M
Other Assets	147.1M	385.1M	455.8M	117.1M	134.6M	114.1M
Property Plant Equipment	535.4M	520.3M	521.0M	506.5M	582.5M	403.6M
Current Deferred Revenue	122.4M	67.3M	24.5M	10.9M	(60.8M)	(57.7M)
Noncontrolling Interest In Consolidated Entity	476K	3.1M	5.5M	3.2M	3.7M	3.9M
Retained Earnings Total Equity	553.1M	563.0M	669.1M	656.7M	755.2M	448.2M
Net Tangible Assets	778.6M	795.2M	903.0M	874.3M	1.0B	815.6M

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When determining whether National HealthCare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of National HealthCare'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 National Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on National Healthcare Stock:

How To Invest In National

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Is National Stock a good investment?

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What is National HealthCare's Net Worth?

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Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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

For information on how to trade National Stock refer to our How to Trade National Stock guide.

You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Is Health Care Providers & Services 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 National HealthCare. If investors know National 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 National HealthCare 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

3.021

Dividend Share

2.4

Earnings Share

7.99

Revenue Per Share

79.613

Quarterly Revenue Growth

0.179

The market value of National HealthCare is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National HealthCare's value that differs from its market value or its book value, called intrinsic value, which is National HealthCare'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 National HealthCare's market value can be influenced by many factors that don't directly affect National HealthCare'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 National HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if National HealthCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National HealthCare'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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National Long Term Investments vs Total Assets Analysis

Long Term Investments vs Total Assets

Long Term Investments vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Investments

Total Assets

National HealthCare fundamental ratios Correlations

National HealthCare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National HealthCare fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 0.97	Total Current Liabilities
Non Current Assets Total	+ 0.96	Total Assets
Non Current Liabilities Total	+ 0.93	Short Long Term Debt Total
Net Receivables	+ 0.93	Property Plant And Equipment Net
Retained Earnings	+ 0.92	Total Stockholder Equity
Net Receivables	+ 0.91	Total Assets

Short Term Debt	- 0.79	Non Current Liabilities Total
Cash	- 0.69	Net Debt
Other Current Assets	- 0.65	Net Debt
Short Term Debt	- 0.64	Short Long Term Debt Total
Intangible Assets	- 0.58	Short Long Term Debt Total
Short Term Debt	- 0.54	Other Current Liab