CVS Health Average Assets vs Enterprise Value Analysis

CVS -- USA Stock  

USD 72.18  1.10  1.55%

CVS Health financial indicator trend analysis is way more than just evaluating CVS Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health is a good investment. Please check the relationship between CVS Health Average Assets and its Enterprise Value accounts. Check also Trending Equities.

Average Assets vs Enterprise Value

Accounts Relationship

Average Assets vs Enterprise Value

Significance: Very Strong Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of CVS Health Average Assets account and Enterprise Value

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets, derived from Total Assets.

Enterprise Value

Enterprise Value (or EV) is usually referred to as CVS Health theoretical takeover price. In the event of an acquisition, an acquirer would have to take on CVS Health debt, but would also pocket its cash. Enterprise Value is more accurate representation of CVS Health value then its market capitalization because it takes into account all of CVS Health Corporation existing debt. Enterprise value is a measure of the value of a business as a whole, calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

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