Chemed Net Receivables vs Short Long Term Debt Analysis

CHE Stock

USD 561.65 2.00 0.36%

Chemed Corp financial indicator trend analysis is way more than just evaluating Chemed Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chemed Corp is a good investment. Please check the relationship between Chemed Corp Net Receivables and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

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

Net Receivables vs Short Long Term Debt

Net Receivables vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chemed Corp Net Receivables account and Short Long Term Debt. At this time, the significance of the direction appears to have weak relationship.

The correlation between Chemed Corp's Net Receivables and Short Long Term Debt is 0.37. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Chemed Corp, assuming nothing else is changed. The correlation between historical values of Chemed Corp's Net Receivables and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Chemed Corp are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Net Receivables i.e., Chemed Corp's Net Receivables and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

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

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

	2021	2022	2023	2024 (projected)
Gross Profit	769.8M	765.1M	738.0M	370.4M
Total Revenue	2.1B	2.1B	2.3B	2.4B

Gross Profit Total Revenue

Chemed Corp 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	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	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	Accounts Payable	Common Stock Total Equity
Total Assets		0.45	0.62	0.6	0.98	0.93	-0.35	0.97	0.77	0.98	-0.16	0.77	0.65	0.58	-0.76	0.62	-0.22	0.64	-0.91	0.72	0.92	0.89	-0.06	0.77	0.26	0.67
Short Long Term Debt Total	0.45		0.11	0.61	0.26	0.54	0.57	0.46	0.08	0.53	-0.65	0.08	0.36	0.53	-0.28	0.76	-0.19	0.67	-0.56	0.81	0.27	0.19	0.28	0.63	0.62	0.4
Other Current Liab	0.62	0.11		0.07	0.64	0.52	-0.5	0.64	0.69	0.54	0.2	0.69	0.21	0.07	-0.34	0.34	0.2	0.23	-0.58	0.24	0.73	0.71	0.15	0.24	-0.17	0.19
Total Current Liabilities	0.6	0.61	0.07		0.51	0.59	0.09	0.55	0.33	0.63	-0.41	0.33	0.62	0.73	-0.53	0.44	-0.43	0.8	-0.58	0.83	0.37	0.41	0.17	0.65	0.39	0.69
Total Stockholder Equity	0.98	0.26	0.64	0.51		0.89	-0.5	0.94	0.82	0.94	-0.01	0.82	0.62	0.52	-0.75	0.5	-0.2	0.53	-0.85	0.59	0.93	0.91	-0.12	0.71	0.13	0.64
Property Plant And Equipment Net	0.93	0.54	0.52	0.59	0.89		-0.16	0.96	0.62	0.94	-0.32	0.62	0.66	0.52	-0.83	0.7	-0.06	0.61	-0.95	0.76	0.86	0.75	-0.24	0.89	0.38	0.56
Net Debt	-0.35	0.57	-0.5	0.09	-0.5	-0.16		-0.29	-0.77	-0.2	-0.73	-0.77	-0.01	0.22	0.16	0.3	-0.24	0.19	0.12	0.24	-0.54	-0.67	0.04	0.1	0.47	0.02
Retained Earnings	0.97	0.46	0.64	0.55	0.94	0.96	-0.29		0.71	0.96	-0.24	0.71	0.67	0.52	-0.85	0.66	-0.11	0.64	-0.98	0.72	0.92	0.84	-0.22	0.75	0.27	0.62
Cash	0.77	0.08	0.69	0.33	0.82	0.62	-0.77	0.71		0.65	0.38	1.0	0.26	0.11	-0.41	0.2	0.15	0.28	-0.58	0.31	0.87	0.97	0.16	0.36	-0.1	0.26
Non Current Assets Total	0.98	0.53	0.54	0.63	0.94	0.94	-0.2	0.96	0.65		-0.31	0.65	0.69	0.68	-0.78	0.69	-0.33	0.7	-0.92	0.78	0.85	0.79	-0.09	0.84	0.35	0.74
Non Currrent Assets Other	-0.16	-0.65	0.2	-0.41	-0.01	-0.32	-0.73	-0.24	0.38	-0.31		0.38	-0.26	-0.55	0.3	-0.55	0.42	-0.5	0.38	-0.56	0.12	0.24	0.12	-0.48	-0.72	-0.39
Cash And Short Term Investments	0.77	0.08	0.69	0.33	0.82	0.62	-0.77	0.71	1.0	0.65	0.38		0.26	0.11	-0.41	0.2	0.15	0.28	-0.58	0.31	0.87	0.97	0.16	0.36	-0.1	0.26
Net Receivables	0.65	0.36	0.21	0.62	0.62	0.66	-0.01	0.67	0.26	0.69	-0.26	0.26		0.75	-0.78	0.7	-0.41	0.56	-0.7	0.78	0.52	0.42	-0.37	0.63	0.36	0.82
Good Will	0.58	0.53	0.07	0.73	0.52	0.52	0.22	0.52	0.11	0.68	-0.55	0.11	0.75		-0.49	0.67	-0.83	0.73	-0.53	0.82	0.26	0.23	0.07	0.65	0.51	0.96
Common Stock Shares Outstanding	-0.76	-0.28	-0.34	-0.53	-0.75	-0.83	0.16	-0.85	-0.41	-0.78	0.3	-0.41	-0.78	-0.49		-0.52	0.16	-0.56	0.87	-0.61	-0.7	-0.58	0.59	-0.65	-0.21	-0.6
Non Current Liabilities Total	0.62	0.76	0.34	0.44	0.5	0.7	0.3	0.66	0.2	0.69	-0.55	0.2	0.7	0.67	-0.52		-0.25	0.62	-0.74	0.86	0.48	0.34	-0.07	0.69	0.68	0.63
Inventory	-0.22	-0.19	0.2	-0.43	-0.2	-0.06	-0.24	-0.11	0.15	-0.33	0.42	0.15	-0.41	-0.83	0.16	-0.25		-0.49	0.1	-0.4	0.12	0.07	-0.15	-0.23	-0.27	-0.79
Other Current Assets	0.64	0.67	0.23	0.8	0.53	0.61	0.19	0.64	0.28	0.7	-0.5	0.28	0.56	0.73	-0.56	0.62	-0.49		-0.69	0.83	0.43	0.41	0.12	0.56	0.5	0.73
Other Stockholder Equity	-0.91	-0.56	-0.58	-0.58	-0.85	-0.95	0.12	-0.98	-0.58	-0.92	0.38	-0.58	-0.7	-0.53	0.87	-0.74	0.1	-0.69		-0.78	-0.84	-0.74	0.26	-0.75	-0.37	-0.61
Total Liab	0.72	0.81	0.24	0.83	0.59	0.76	0.24	0.72	0.31	0.78	-0.56	0.31	0.78	0.82	-0.61	0.86	-0.4	0.83	-0.78		0.5	0.44	0.05	0.79	0.64	0.78
Property Plant And Equipment Gross	0.92	0.27	0.73	0.37	0.93	0.86	-0.54	0.92	0.87	0.85	0.12	0.87	0.52	0.26	-0.7	0.48	0.12	0.43	-0.84	0.5		0.95	-0.14	0.6	0.1	0.41
Total Current Assets	0.89	0.19	0.71	0.41	0.91	0.75	-0.67	0.84	0.97	0.79	0.24	0.97	0.42	0.23	-0.58	0.34	0.07	0.41	-0.74	0.44	0.95		0.03	0.49	-0.01	0.39
Short Term Debt	-0.06	0.28	0.15	0.17	-0.12	-0.24	0.04	-0.22	0.16	-0.09	0.12	0.16	-0.37	0.07	0.59	-0.07	-0.15	0.12	0.26	0.05	-0.14	0.03		-0.12	-0.03	-0.03
Intangible Assets	0.77	0.63	0.24	0.65	0.71	0.89	0.1	0.75	0.36	0.84	-0.48	0.36	0.63	0.65	-0.65	0.69	-0.23	0.56	-0.75	0.79	0.6	0.49	-0.12		0.53	0.58
Accounts Payable	0.26	0.62	-0.17	0.39	0.13	0.38	0.47	0.27	-0.1	0.35	-0.72	-0.1	0.36	0.51	-0.21	0.68	-0.27	0.5	-0.37	0.64	0.1	-0.01	-0.03	0.53		0.41
Common Stock Total Equity	0.67	0.4	0.19	0.69	0.64	0.56	0.02	0.62	0.26	0.74	-0.39	0.26	0.82	0.96	-0.6	0.63	-0.79	0.73	-0.61	0.78	0.41	0.39	-0.03	0.58	0.41

Click cells to compare fundamentals

Chemed Corp Account Relationship Matchups

Chemed Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.3B	1.4B	1.3B	1.4B	1.8B	1.8B
Short Long Term Debt Total	215.9M	135.4M	323.5M	247.0M	155.1M	148.7M
Other Current Liab	43.8M	42.6M	39.0M	172.7M	202.5M	212.6M
Total Current Liabilities	262.2M	299.1M	302.4M	297.2M	312.1M	167.5M
Total Stockholder Equity	726.6M	901.2M	623.3M	798.7M	1.1B	1.2B
Property Plant And Equipment Net	287.4M	311.3M	318.7M	335.4M	330.2M	346.7M
Net Debt	209.8M	(27.3M)	290.6M	172.9M	(108.8M)	(103.4M)
Retained Earnings	1.4B	1.7B	2.0B	2.2B	2.4B	2.6B
Cash	6.2M	162.7M	32.9M	74.1M	264.0M	277.2M
Non Current Assets Total	1.1B	1.1B	1.1B	1.2B	1.3B	1.3B
Non Currrent Assets Other	(9.5M)	(11.9M)	(88.2M)	(37.3M)	55.6M	33.5M
Cash And Short Term Investments	6.2M	162.7M	32.9M	74.1M	264.0M	277.2M
Net Receivables	143.8M	126.9M	137.2M	139.4M	181.5M	93.9M
Good Will	577.4M	578.6M	578.6M	581.3M	585.0M	339.2M
Common Stock Shares Outstanding	16.5M	16.4M	15.9M	15.1M	15.2M	15.9M
Liabilities And Stockholders Equity	1.3B	1.4B	1.3B	1.4B	1.8B	1.8B
Non Current Liabilities Total	279.5M	234.6M	417.1M	346.1M	340.9M	197.1M
Inventory	7.5M	7.1M	10.1M	10.3M	12.0M	16.1M
Other Current Assets	33.2M	32.8M	50.1M	48.8M	43.4M	31.9M
Other Stockholder Equity	(737.3M)	(861.2M)	(1.4B)	(1.4B)	(1.4B)	(1.3B)
Total Liab	541.7M	533.7M	719.5M	643.3M	652.9M	364.6M
Property Plant And Equipment Gross	287.4M	311.3M	318.7M	335.4M	685.1M	719.4M
Total Current Assets	190.7M	329.4M	230.3M	272.6M	500.8M	525.9M
Accumulated Other Comprehensive Income	2.3M	2.3M	2.2M	2.2M	2.1M	2.2M
Short Term Debt	39.3M	36.2M	37.9M	44.0M	54.3M	57.1M
Intangible Assets	126.4M	118.1M	108.1M	99.7M	90.3M	87.4M
Accounts Payable	51.1M	54.2M	73.0M	41.9M	48.3M	39.9M
Common Stock Total Equity	35.3M	35.8M	36.3M	36.5M	42.0M	30.2M
Common Stock	35.8M	36.3M	36.5M	36.8M	37.2M	31.1M
Other Liab	102.8M	135.4M	131.4M	143.1M	164.5M	172.8M
Other Assets	86.5M	408.8M	107.0M	58.0M	66.7M	71.8M
Treasury Stock	(1.4B)	(1.6B)	(1.8B)	(2.4B)	(2.2B)	(2.1B)
Property Plant Equipment	175.8M	187.8M	318.7M	335.4M	385.7M	405.0M
Current Deferred Revenue	128.1M	166.1M	152.4M	38.6M	6.9M	6.5M
Net Tangible Assets	22.9M	204.5M	(63.4M)	108.8M	125.1M	131.4M
Retained Earnings Total Equity	1.2B	1.4B	1.7B	2.0B	2.3B	2.4B
Long Term Debt Total	90M	0.0	185M	92.5M	83.3M	91.6M
Capital Surpluse	860.7M	961.4M	1.0B	1.1B	1.3B	757.3M
Deferred Long Term Liab	95.0M	109.1M	121.8M	1.7M	2.0M	1.9M

Pair Trading with Chemed Corp

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 Chemed Corp 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 Chemed Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chemed Stock

0.69	VEEV	Veeva Systems Class Financial Report 29th of May 2024	Pair Corr
0.63	ENSG	Ensign Group	Pair Corr
0.76	FORA	Forian Inc Financial Report 10th of May 2024	Pair Corr

The ability to find closely correlated positions to Chemed Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemed Corp 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 Chemed Corp - 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 Chemed Corp to buy it.

The correlation of Chemed Corp 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 Chemed Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemed Corp 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 Chemed Corp 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 Chemed Corp is a strong investment it is important to analyze Chemed Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chemed Corp's future performance. For an informed investment choice regarding Chemed Stock, refer to the following important reports:

How To Invest In Chemed

Details

Is Chemed Stock a good investment?

Details

What is Chemed Corp's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

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

Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

Complementary Tools for Chemed Stock analysis

When running Chemed Corp's price analysis, check to measure Chemed Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.

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Is Chemed Corp's industry 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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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

0.184

Dividend Share

1.58

Earnings Share

18.58

Revenue Per Share

152

Quarterly Revenue Growth

0.052

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

Net Receivables vs Short Long Term Debt

Net Receivables vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Short Long Term Debt

Chemed Corp fundamental ratios Correlations

Chemed Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chemed Corp fundamental ratios Accounts

Pair Trading with Chemed Corp

Moving together with Chemed Stock

Complementary Tools for Chemed Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Retained Earnings	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Cash
Total Current Assets	+ 0.97	Cash And Short Term Investments

Other Stockholder Equity	- 0.98	Retained Earnings
Other Stockholder Equity	- 0.95	Property Plant And Equipment Net
Other Stockholder Equity	- 0.92	Non Current Assets Total
Other Stockholder Equity	- 0.91	Total Assets
Common Stock Shares Outstanding	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.85	Total Stockholder Equity