Addus Income Tax Expense vs Interest Coverage Analysis
ADUS Stock | USD 103.34 0.40 0.39% |
Addus HomeCare financial indicator trend analysis is way more than just evaluating Addus HomeCare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Addus HomeCare is a good investment. Please check the relationship between Addus HomeCare Income Tax Expense and its Interest Coverage accounts. 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.
Income Tax Expense vs Interest Coverage
Income Tax Expense vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Addus HomeCare Income Tax Expense account and Interest Coverage. At this time, the significance of the direction appears to have no relationship.
The correlation between Addus HomeCare's Income Tax Expense and Interest Coverage is 0.02. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Addus HomeCare, assuming nothing else is changed. The correlation between historical values of Addus HomeCare's Income Tax Expense and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Addus HomeCare are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Tax Expense i.e., Addus HomeCare's Income Tax Expense and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.02 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Tax Expense
Interest Coverage
Most indicators from Addus HomeCare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.Selling General Administrative is likely to gain to about 246.5 M in 2024, despite the fact that Discontinued Operations is likely to grow to (627.1 K).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 5.5M | 8.6M | 11.1M | 11.7M | Depreciation And Amortization | 14.5M | 14.1M | 14.1M | 8.1M |
Addus HomeCare fundamental ratios Correlations
Click cells to compare fundamentals
Addus HomeCare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Addus HomeCare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 636.7M | 892.6M | 947.6M | 938.0M | 1.0B | 1.1B | |
Short Long Term Debt Total | 59.9M | 230.4M | 253.8M | 178.1M | 175.2M | 183.9M | |
Total Current Liabilities | 87.5M | 143.9M | 117.7M | 131.1M | 145.1M | 74.1M | |
Total Stockholder Equity | 475.6M | 518.7M | 574.3M | 633.5M | 706.7M | 742.0M | |
Property Plant And Equipment Net | 33.3M | 57.7M | 54.5M | 60.2M | 69.4M | 72.9M | |
Net Debt | (51.8M) | 85.3M | 84.9M | 98.1M | 110.4M | 115.9M | |
Retained Earnings | 116.0M | 149.2M | 194.3M | 240.3M | 302.8M | 318.0M | |
Accounts Payable | 86.8M | 23.7M | 19.4M | 22.1M | 26.2M | 15.2M | |
Cash | 111.7M | 145.1M | 168.9M | 80.0M | 64.8M | 48.3M | |
Non Current Assets Total | 367.4M | 604.9M | 623.2M | 715.2M | 824.4M | 865.6M | |
Non Currrent Assets Other | 355.2M | (598.4M) | (7.3M) | (715.2M) | (1.0) | (1.05) | |
Other Assets | 1.6M | 2.2M | 1.6M | 44.5M | 51.2M | 53.8M | |
Long Term Debt | 59.2M | 193.9M | 220.9M | 131.8M | 124.1M | 68.4M | |
Cash And Short Term Investments | 111.7M | 145.1M | 168.9M | 80.0M | 64.8M | 48.3M | |
Net Receivables | 153.2M | 132.7M | 137.0M | 125.5M | 116.1M | 101.7M | |
Good Will | 275.4M | 469.1M | 504.4M | 582.8M | 663.0M | 696.1M | |
Common Stock Shares Outstanding | 15.6M | 16.0M | 16.1M | 16.2M | 16.3M | 12.1M | |
Liabilities And Stockholders Equity | 636.7M | 892.6M | 947.6M | 938.0M | 1.0B | 1.1B | |
Non Current Liabilities Total | 73.6M | 230.0M | 255.6M | 173.3M | 172.6M | 181.2M | |
Other Current Assets | 8.0M | 10.0M | 18.5M | 17.3M | 19.1M | 11.4M | |
Total Liab | 161.2M | 373.9M | 373.2M | 304.5M | 317.7M | 333.6M | |
Total Current Assets | 269.4M | 287.7M | 324.3M | 222.8M | 200.0M | 163.3M | |
Short Term Debt | 728K | 971K | 9.8M | 10.8M | 11.3M | 11.9M | |
Intangible Assets | 57.1M | 71.5M | 64.3M | 72.2M | 92.0M | 96.6M | |
Property Plant Equipment | 12.2M | 19.7M | 18.5M | 60.2M | 69.2M | 72.6M | |
Other Liab | 163K | 588K | 1.8M | 6.1M | 7.0M | 7.3M | |
Net Tangible Assets | 475.6M | 518.7M | 574.3M | (21.5M) | (24.7M) | (23.5M) | |
Retained Earnings Total Equity | 97.8M | 116.0M | 149.2M | 194.3M | 223.4M | 234.6M | |
Long Term Debt Total | 17.2M | 59.2M | 193.9M | 220.9M | 254.0M | 266.8M | |
Capital Surpluse | 177.7M | 359.5M | 369.5M | 380.0M | 437.0M | 458.9M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Addus HomeCare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Addus HomeCare's short interest history, or implied volatility extrapolated from Addus HomeCare options trading.
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 together with Addus Stock
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Moving against Addus Stock
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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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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 0.334 | Earnings Share 3.83 | Revenue Per Share 66.182 | Quarterly Revenue Growth 0.119 | Return On Assets 0.0618 |
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.