Quest Total Stockholder Equity vs Short Long Term Debt Total Analysis
DGX Stock | USD 136.34 1.21 0.88% |
Quest Diagnostics financial indicator trend analysis is much more than just breaking down Quest Diagnostics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quest Diagnostics is a good investment. Please check the relationship between Quest Diagnostics Total Stockholder Equity and its Short Long Term Debt Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quest Diagnostics Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Total Stockholder Equity vs Short Long Term Debt Total
Total Stockholder Equity vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quest Diagnostics Total Stockholder Equity account and Short Long Term Debt Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Quest Diagnostics' Total Stockholder Equity and Short Long Term Debt Total is 0.93. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Quest Diagnostics Incorporated, assuming nothing else is changed. The correlation between historical values of Quest Diagnostics' Total Stockholder Equity and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Quest Diagnostics Incorporated are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Stockholder Equity i.e., Quest Diagnostics' Total Stockholder Equity and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Short Long Term Debt Total
Most indicators from Quest Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quest Diagnostics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quest Diagnostics Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. At this time, Quest Diagnostics' Discontinued Operations is fairly stable compared to the past year. Tax Provision is likely to rise to about 266.4 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.2B | 3.4B | 3.1B | 2.7B | Total Revenue | 10.8B | 9.9B | 9.3B | 6.9B |
Quest Diagnostics fundamental ratios Correlations
Click cells to compare fundamentals
Quest Diagnostics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Quest Diagnostics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.8B | 14.0B | 13.6B | 12.8B | 14.0B | 8.5B | |
Short Long Term Debt Total | 5.3B | 4.7B | 4.7B | 4.6B | 5.4B | 3.1B | |
Other Current Liab | 778M | 1.2B | 1.2B | 1.1B | 1.5B | 1.6B | |
Total Current Liabilities | 2.0B | 1.8B | 1.8B | 1.6B | 1.8B | 1.2B | |
Total Stockholder Equity | 5.6B | 6.8B | 6.4B | 5.9B | 6.3B | 3.9B | |
Property Plant And Equipment Net | 2.0B | 2.2B | 2.3B | 2.4B | 2.4B | 2.5B | |
Net Debt | 4.1B | 3.5B | 3.8B | 4.3B | 4.7B | 2.7B | |
Retained Earnings | 8.2B | 9.3B | 7.6B | 8.3B | 8.8B | 9.3B | |
Accounts Payable | 263M | 446M | 357M | 324M | 1.4B | 1.4B | |
Cash | 1.2B | 1.2B | 872M | 315M | 686M | 720.3M | |
Non Current Assets Total | 10.4B | 11.0B | 10.9B | 10.9B | 11.7B | 6.9B | |
Non Currrent Assets Other | 160M | 176M | 163M | 144M | 198M | 177.5M | |
Cash And Short Term Investments | 1.2B | 1.2B | 872M | 315M | 686M | 720.3M | |
Net Receivables | 1.1B | 1.5B | 1.4B | 1.2B | 1.2B | 892.3M | |
Liabilities And Stockholders Equity | 12.8B | 14.0B | 13.6B | 12.8B | 14.0B | 8.5B | |
Non Current Liabilities Total | 5.1B | 5.4B | 5.3B | 5.3B | 5.8B | 3.3B | |
Inventory | 123M | 223M | 208M | 192M | 190M | 104.0M | |
Other Current Assets | 112M | 157M | 223M | 196M | 286M | 227.8M | |
Other Stockholder Equity | (2.5B) | (2.5B) | (1.2B) | (2.4B) | (2.5B) | (2.4B) | |
Total Liab | 7.1B | 7.1B | 7.0B | 6.8B | 7.6B | 4.6B | |
Property Plant And Equipment Gross | 2.0B | 2.2B | 2.3B | 2.4B | 5.8B | 6.1B | |
Total Current Assets | 2.5B | 3.1B | 2.7B | 1.9B | 2.4B | 1.6B | |
Accumulated Other Comprehensive Income | (59M) | (39M) | (21M) | (14M) | 14M | 14.7M | |
Short Term Debt | 949M | 143M | 153M | 155M | 456M | 241.5M | |
Intangible Assets | 1.2B | 1.1B | 1.2B | 1.1B | 1.2B | 968.0M | |
Other Liab | 683M | 847M | 792M | 812M | 933.8M | 472.6M | |
Other Assets | 64M | 1.3B | 163M | 144M | 165.6M | 196.9M | |
Long Term Debt | 4.0B | 4.0B | 4.0B | 4.0B | 4.4B | 3.0B | |
Property Plant Equipment | 1.5B | 1.6B | 2.3B | 2.4B | 2.7B | 2.8B | |
Good Will | 6.6B | 6.9B | 7.1B | 7.2B | 7.7B | 5.7B | |
Treasury Stock | (5.2B) | (5.4B) | (3.5B) | (4.7B) | (4.2B) | (4.4B) | |
Net Tangible Assets | (1.6B) | (700M) | (1.8B) | (1.9B) | (2.1B) | (2.2B) | |
Noncontrolling Interest In Consolidated Entity | 46M | 50M | 39M | 37M | 42.6M | 34.3M | |
Retained Earnings Total Equity | 8.2B | 9.3B | 7.6B | 8.3B | 9.5B | 6.6B |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Quest Diagnostics Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Quest Diagnostics information on this page should be used as a complementary analysis to other Quest Diagnostics' 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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Is Quest Diagnostics' 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 Quest Diagnostics. If investors know Quest 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 Quest Diagnostics 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 (0.03) | Dividend Share 2.88 | Earnings Share 7.43 | Revenue Per Share 83.105 | Quarterly Revenue Growth 0.015 |
The market value of Quest Diagnostics is measured differently than its book value, which is the value of Quest that is recorded on the company's balance sheet. Investors also form their own opinion of Quest Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Quest Diagnostics' 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 Quest Diagnostics' market value can be influenced by many factors that don't directly affect Quest Diagnostics' 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 Quest Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quest Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quest Diagnostics' 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.