Addus Historical Balance Sheet
ADUS Stock | USD 114.81 3.08 2.76% |
Trend analysis of Addus HomeCare balance sheet accounts such as Short Long Term Debt Total of 183.9 M, Other Current Liabilities of 111.7 M or Total Current Liabilities of 152.4 M provides information on Addus HomeCare's total assets, liabilities, and equity, which is the actual value of Addus HomeCare to its prevalent stockholders. By breaking down trends over time using Addus HomeCare balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Addus HomeCare latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Addus HomeCare is a good buy for the upcoming year.
Addus HomeCare Inventory |
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About Addus Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Addus HomeCare at a specified time, usually calculated after every quarter, six months, or one year. Addus HomeCare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Addus HomeCare 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 Addus currently owns. An asset can also be divided into two categories, current and non-current.
Addus HomeCare Balance Sheet Chart
Addus HomeCare Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Addus HomeCare uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Addus HomeCare's Non Current Assets Total are comparatively stable compared to the past year. Other Assets is likely to gain to about 53.8 M in 2024, whereas Accounts Payable is likely to drop slightly above 15 M in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Addus HomeCare 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 Addus HomeCare 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.Total Current Liabilities
Total Current Liabilities is an item on Addus HomeCare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Addus HomeCare are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most accounts from Addus HomeCare's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Addus HomeCare current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.At this time, Addus HomeCare's Non Current Assets Total are comparatively stable compared to the past year. Other Assets is likely to gain to about 53.8 M in 2024, whereas Accounts Payable is likely to drop slightly above 15 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 253.8M | 178.1M | 175.2M | 183.9M | Total Assets | 947.6M | 938.0M | 1.0B | 1.1B |
Addus HomeCare balance sheet Correlations
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Addus HomeCare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Addus HomeCare
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 Addus HomeCare 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 Addus HomeCare will appreciate offsetting losses from the drop in the long position's value.Moving against Addus Stock
0.88 | NPCE | Neuropace | PairCorr |
0.63 | FNA | Paragon 28 | PairCorr |
0.58 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
0.58 | SSY | SunLink Health Systems | PairCorr |
0.56 | DYNT | Dynatronics Fiscal Year End 26th of September 2024 | PairCorr |
The ability to find closely correlated positions to Addus HomeCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addus HomeCare 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 Addus HomeCare - 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 Addus HomeCare to buy it.
The correlation of Addus HomeCare 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 Addus HomeCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addus HomeCare 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 Addus HomeCare 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Addus Stock analysis
When running Addus HomeCare's price analysis, check to measure Addus HomeCare'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 Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.
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Is Addus HomeCare'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 Addus HomeCare. If investors know Addus 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 Addus HomeCare 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 0.244 | Earnings Share 4.02 | Revenue Per Share 67.883 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0656 |
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare'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 Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare'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 Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare'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.