Evolent Total Current Liabilities vs Non Current Liabilities Total Analysis

EVH Stock

USD 27.81 0.16 0.58%

Evolent Health financial indicator trend analysis is much more than just examining Evolent Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evolent Health is a good investment. Please check the relationship between Evolent Health Total Current Liabilities and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolent Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.

Total Current Liabilities vs Non Current Liabilities Total

Total Current Liabilities vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evolent Health Total Current Liabilities account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Evolent Health's Total Current Liabilities and Non Current Liabilities Total is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Evolent Health, assuming nothing else is changed. The correlation between historical values of Evolent Health's Total Current Liabilities and Non Current Liabilities 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 Current Liabilities of Evolent Health are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Liabilities i.e., Evolent Health's Total Current Liabilities and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Evolent Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Evolent Health 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.

Non Current Liabilities Total

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

For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.As of now, Evolent Health's Enterprise Value Multiple is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Total Revenue	908.0M	1.4B	2.0B	2.1B
Depreciation And Amortization	60.0M	67.2M	123.4M	129.6M

Total Revenue Depreciation And Amortization

Evolent Health fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Other Liab	Current Deferred Revenue	Short Term Investments	Non Current Liabilities Total	Inventory	Property Plant And Equipment Gross
Total Assets		0.87	0.89	0.86	0.68	0.76	-0.64	0.61	0.7	0.99	0.82	0.48	0.65	0.87	0.85	0.33	0.76	0.92	0.85	0.98	0.25	-0.48	0.24	0.9	-0.21	0.73
Other Current Liab	0.87		0.99	0.53	0.63	0.85	-0.9	0.36	0.56	0.85	0.82	0.31	0.52	0.97	0.72	0.37	0.8	0.98	0.75	0.92	0.34	-0.78	0.18	0.95	-0.34	0.8
Total Current Liabilities	0.89	0.99		0.58	0.69	0.83	-0.9	0.41	0.63	0.87	0.84	0.37	0.58	0.95	0.77	0.43	0.81	0.98	0.8	0.92	0.36	-0.74	0.24	0.93	-0.39	0.83
Total Stockholder Equity	0.86	0.53	0.58		0.67	0.44	-0.32	0.74	0.76	0.84	0.63	0.58	0.69	0.52	0.85	0.37	0.61	0.62	0.84	0.74	0.17	-0.05	0.3	0.6	-0.2	0.6
Property Plant And Equipment Net	0.68	0.63	0.69	0.67		0.56	-0.74	0.53	0.71	0.66	0.7	0.69	0.64	0.51	0.84	0.82	0.81	0.65	0.75	0.6	0.47	-0.32	0.17	0.6	-0.74	0.86
Net Debt	0.76	0.85	0.83	0.44	0.56		-0.77	0.21	0.21	0.8	0.75	0.14	0.12	0.89	0.55	0.15	0.72	0.89	0.5	0.85	0.1	-0.69	-0.12	0.92	-0.17	0.71
Retained Earnings	-0.64	-0.9	-0.9	-0.32	-0.74	-0.77		-0.27	-0.49	-0.62	-0.75	-0.33	-0.44	-0.8	-0.66	-0.58	-0.84	-0.85	-0.66	-0.7	-0.42	0.77	-0.13	-0.8	0.59	-0.87
Accounts Payable	0.61	0.36	0.41	0.74	0.53	0.21	-0.27		0.65	0.54	0.45	0.53	0.61	0.32	0.63	0.39	0.55	0.44	0.71	0.49	0.05	-0.01	0.31	0.42	-0.13	0.49
Cash	0.7	0.56	0.63	0.76	0.71	0.21	-0.49	0.65		0.62	0.56	0.78	0.94	0.44	0.81	0.7	0.62	0.56	0.9	0.57	0.61	-0.14	0.4	0.46	-0.54	0.6
Non Current Assets Total	0.99	0.85	0.87	0.84	0.66	0.8	-0.62	0.54	0.62		0.81	0.41	0.57	0.87	0.82	0.27	0.72	0.92	0.79	0.98	0.19	-0.49	0.2	0.91	-0.18	0.71
Non Currrent Assets Other	0.82	0.82	0.84	0.63	0.7	0.75	-0.75	0.45	0.56	0.81		0.24	0.53	0.82	0.82	0.5	0.72	0.84	0.73	0.82	0.17	-0.7	0.2	0.8	-0.48	0.86
Other Assets	0.48	0.31	0.37	0.58	0.69	0.14	-0.33	0.53	0.78	0.41	0.24		0.73	0.19	0.58	0.61	0.52	0.36	0.62	0.35	0.77	0.15	0.01	0.32	-0.46	0.33
Cash And Short Term Investments	0.65	0.52	0.58	0.69	0.64	0.12	-0.44	0.61	0.94	0.57	0.53	0.73		0.41	0.79	0.64	0.54	0.52	0.82	0.53	0.59	-0.14	0.5	0.42	-0.51	0.52
Net Receivables	0.87	0.97	0.95	0.52	0.51	0.89	-0.8	0.32	0.44	0.87	0.82	0.19	0.41		0.67	0.17	0.75	0.98	0.67	0.95	0.2	-0.77	0.12	0.97	-0.16	0.71
Common Stock Shares Outstanding	0.85	0.72	0.77	0.85	0.84	0.55	-0.66	0.63	0.81	0.82	0.82	0.58	0.79	0.67		0.59	0.77	0.77	0.91	0.77	0.35	-0.38	0.29	0.72	-0.48	0.83
Other Current Assets	0.33	0.37	0.43	0.37	0.82	0.15	-0.58	0.39	0.7	0.27	0.5	0.61	0.64	0.17	0.59		0.52	0.32	0.6	0.22	0.61	-0.25	0.23	0.2	-0.96	0.7
Other Stockholder Equity	0.76	0.8	0.81	0.61	0.81	0.72	-0.84	0.55	0.62	0.72	0.72	0.52	0.54	0.75	0.77	0.52		0.82	0.76	0.75	0.31	-0.47	0.15	0.81	-0.42	0.82
Total Liab	0.92	0.98	0.98	0.62	0.65	0.89	-0.85	0.44	0.56	0.92	0.84	0.36	0.52	0.98	0.77	0.32	0.82		0.77	0.97	0.3	-0.71	0.14	0.99	-0.26	0.78
Total Current Assets	0.85	0.75	0.8	0.84	0.75	0.5	-0.66	0.71	0.9	0.79	0.73	0.62	0.82	0.67	0.91	0.6	0.76	0.77		0.78	0.45	-0.36	0.32	0.7	-0.45	0.8
Intangible Assets	0.98	0.92	0.92	0.74	0.6	0.85	-0.7	0.49	0.57	0.98	0.82	0.35	0.53	0.95	0.77	0.22	0.75	0.97	0.78		0.2	-0.59	0.18	0.96	-0.14	0.71
Other Liab	0.25	0.34	0.36	0.17	0.47	0.1	-0.42	0.05	0.61	0.19	0.17	0.77	0.59	0.2	0.35	0.61	0.31	0.3	0.45	0.2		-0.16	-0.17	0.24	-0.6	0.24
Current Deferred Revenue	-0.48	-0.78	-0.74	-0.05	-0.32	-0.69	0.77	-0.01	-0.14	-0.49	-0.7	0.15	-0.14	-0.77	-0.38	-0.25	-0.47	-0.71	-0.36	-0.59	-0.16		0.07	-0.69	0.34	-0.64
Short Term Investments	0.24	0.18	0.24	0.3	0.17	-0.12	-0.13	0.31	0.4	0.2	0.2	0.01	0.5	0.12	0.29	0.23	0.15	0.14	0.32	0.18	-0.17	0.07		0.02	-0.16	0.25
Non Current Liabilities Total	0.9	0.95	0.93	0.6	0.6	0.92	-0.8	0.42	0.46	0.91	0.8	0.32	0.42	0.97	0.72	0.2	0.81	0.99	0.7	0.96	0.24	-0.69	0.02		-0.15	0.72
Inventory	-0.21	-0.34	-0.39	-0.2	-0.74	-0.17	0.59	-0.13	-0.54	-0.18	-0.48	-0.46	-0.51	-0.16	-0.48	-0.96	-0.42	-0.26	-0.45	-0.14	-0.6	0.34	-0.16	-0.15		-0.66
Property Plant And Equipment Gross	0.73	0.8	0.83	0.6	0.86	0.71	-0.87	0.49	0.6	0.71	0.86	0.33	0.52	0.71	0.83	0.7	0.82	0.78	0.8	0.71	0.24	-0.64	0.25	0.72	-0.66

Click cells to compare fundamentals

Evolent Health Account Relationship Matchups

Evolent Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.4B	1.4B	1.8B	2.7B	2.8B
Other Current Liab	129.2M	321.5M	330.4M	363.4M	610.3M	640.8M
Total Current Liabilities	192.8M	401.8M	445.5M	433.4M	674.2M	708.0M
Total Stockholder Equity	922.4M	619.6M	693.6M	859.4M	1.1B	706.1M
Property Plant And Equipment Net	157.3M	144.0M	131.6M	136.9M	90.2M	84.7M
Net Debt	267.8M	19.3M	14.2M	287.9M	452.0M	474.6M
Retained Earnings	(252.0M)	(589.2M)	(626.8M)	(606.2M)	(719.2M)	(683.2M)
Accounts Payable	37.5M	32.1M	96.1M	57.2M	48.2M	48.9M
Cash	101.0M	340.5M	266.3M	188.2M	192.8M	176.4M
Non Current Assets Total	1.3B	824.1M	895.5M	1.3B	2.0B	2.1B
Non Currrent Assets Other	8.3M	7.3M	13.0M	32.3M	20.9M	21.9M
Other Assets	92.0M	186.5M	52.4M	32.3M	33.0M	60.4M
Cash And Short Term Investments	101.0M	340.5M	266.3M	188.2M	192.8M	196.3M
Net Receivables	77.4M	126.3M	130.6M	254.7M	446.7M	469.1M
Common Stock Shares Outstanding	82.4M	84.9M	86.1M	93.7M	111.3M	70.4M
Liabilities And Stockholders Equity	1.5B	1.4B	1.4B	1.8B	2.7B	2.8B
Other Current Assets	200.5M	524.4M	435.3M	451.1M	30.3M	28.8M
Other Stockholder Equity	1.2B	1.2B	1.3B	1.5B	1.6B	1.7B
Total Liab	569.0M	750.6M	725.8M	957.9M	1.6B	1.7B
Total Current Assets	228.8M	546.1M	524.0M	478.1M	683.7M	354.3M
Intangible Assets	308.5M	268.1M	279.8M	442.8M	752.0M	789.6M
Other Liab	13.7M	455.2M	6.9M	55.4M	63.8M	71.7M
Current Deferred Revenue	19.8M	14.3M	11.9M	5.8M	6.0M	5.7M
Short Term Investments	1.8M	3.9M	75.7M	14.5M	13.8M	25.7M
Non Current Liabilities Total	376.2M	348.8M	280.3M	524.4M	938.4M	985.3M
Inventory	78.5M	(150.1M)	(445.1M)	(308.2M)	(415.9M)	1.05
Property Plant And Equipment Gross	157.3M	144.0M	250.7M	287.4M	248.7M	139.8M
Accumulated Other Comprehensive Income	(234K)	(278K)	(362K)	(1.2M)	(1.3M)	(1.3M)
Short Term Debt	6.3M	33.9M	7.1M	7.1M	9.7M	17.2M
Property Plant Equipment	85.2M	86.2M	81.4M	87.9M	101.1M	60.1M
Net Tangible Assets	41.8M	(3.2M)	(12.4M)	(306.1M)	(275.5M)	(261.8M)
Long Term Debt	293.7M	263.3M	215.7M	413.0M	597.0M	626.9M
Good Will	572.1M	354.7M	426.3M	722.8M	1.1B	707.6M
Common Stock Total Equity	846K	859K	908K	1.0M	1.2M	791.4K
Deferred Long Term Liab	1.9M	728K	1.4M	4.7M	4.3M	4.1M
Long Term Investments	139.4M	17.4M	5.5M	4.5M	4.9M	4.7M
Common Stock	846K	859K	908K	1.0M	1.2M	839.2K
Retained Earnings Total Equity	(252.0M)	(589.2M)	(626.8M)	(606.2M)	(545.5M)	(518.3M)

Pair Trading with Evolent Health

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 Evolent Health 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 Evolent Health will appreciate offsetting losses from the drop in the long position's value.

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

The correlation of Evolent Health 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 Evolent Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolent Health 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 Evolent Health 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 Evolent Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evolent Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evolent Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evolent Health Stock:

How To Invest In Evolent

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Is Evolent Stock a good investment?

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What is Evolent Health's Net Worth?

Details

Largest Health Care Technology Companies

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Largest Health Care Equipment & Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolent Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Evolent Stock please use our How to Invest in Evolent Health guide.

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Evolent Stock analysis

When running Evolent Health's price analysis, check to measure Evolent Health'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 Evolent Health is operating at the current time. Most of Evolent Health's value examination focuses on studying past and present price action to predict the probability of Evolent Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolent Health's price. Additionally, you may evaluate how the addition of Evolent Health to your portfolios can decrease your overall portfolio volatility.

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Is Evolent Health'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 Evolent Health. If investors know Evolent 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 Evolent Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(1.28)

Revenue Per Share

17.653

Quarterly Revenue Growth

0.454

Return On Assets

0.0086

Return On Equity

(0.11)

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

Total Current Liabilities vs Non Current Liabilities Total

Total Current Liabilities vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Non Current Liabilities Total

Evolent Health fundamental ratios Correlations

Evolent Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Evolent Health fundamental ratios Accounts

Pair Trading with Evolent Health

Complementary Tools for Evolent Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Non Current Liabilities Total	+ 0.99	Total Liab
Intangible Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Other Current Liab
Total Liab	+ 0.98	Total Current Liabilities

Inventory	- 0.96	Other Current Assets
Retained Earnings	- 0.9	Total Current Liabilities
Retained Earnings	- 0.9	Other Current Liab
Property Plant And Equipment Gross	- 0.87	Retained Earnings
Total Liab	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.84	Retained Earnings