Humana Total Assets vs Current Ratio Analysis
HUM Stock | USD 346.72 2.78 0.80% |
Humana financial indicator trend analysis is much more than just examining Humana Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Humana Inc is a good investment. Please check the relationship between Humana Total Assets and its Current Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Humana Inc. 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.
Total Assets vs Current Ratio
Total Assets vs Current Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Humana Inc Total Assets account and Current Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Humana's Total Assets and Current Ratio is -0.45. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Current Ratio in the same time period over historical financial statements of Humana Inc, assuming nothing else is changed. The correlation between historical values of Humana's Total Assets and Current Ratio 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 Assets of Humana Inc are associated (or correlated) with its Current Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Ratio has no effect on the direction of Total Assets i.e., Humana's Total Assets and Current Ratio go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Total Assets
Total assets refers to the total amount of Humana 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 Humana Inc 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.Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Most indicators from Humana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Humana Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Humana Inc. 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. As of the 29th of March 2024, Selling General Administrative is likely to grow to about 12.2 B, while Tax Provision is likely to drop about 729.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 326M | 401M | 493M | 517.7M | Depreciation And Amortization | 713M | 845M | 917M | 962.9M |
Humana fundamental ratios Correlations
Click cells to compare fundamentals
Humana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Humana fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 29.1B | 35.0B | 44.3B | 43.1B | 46.9B | 49.2B | |
Short Long Term Debt Total | 5.9B | 7.0B | 12.8B | 11.4B | 12.3B | 12.9B | |
Other Current Liab | (247M) | (318M) | (254M) | 9.5B | 10.4B | 10.9B | |
Total Current Liabilities | 10.9B | 13.1B | 15.1B | 17.2B | 18.9B | 19.8B | |
Total Stockholder Equity | 12.0B | 13.7B | 16.1B | 15.3B | 16.3B | 17.1B | |
Property Plant And Equipment Net | 2.0B | 2.4B | 3.1B | 3.2B | 3.5B | 3.7B | |
Net Debt | 1.8B | 2.3B | 9.4B | 6.4B | 7.6B | 8.0B | |
Retained Earnings | 17.5B | 20.5B | 23.1B | 25.5B | 27.5B | 28.9B | |
Accounts Payable | 10.0B | 12.2B | 12.8B | 14.5B | 6.6B | 4.3B | |
Cash | 4.1B | 4.7B | 3.4B | 5.1B | 4.7B | 4.9B | |
Non Current Assets Total | 18.3B | 21.8B | 28.3B | 16.9B | 16.9B | 17.8B | |
Non Currrent Assets Other | (236M) | (302M) | (578M) | (11.4B) | 18.3B | 19.3B | |
Cash And Short Term Investments | 15.0B | 17.2B | 16.6B | 18.9B | 21.3B | 22.4B | |
Net Receivables | 1.1B | 1.1B | 1.8B | 1.7B | 2.0B | 2.1B | |
Common Stock Shares Outstanding | 138.4M | 134.7M | 133.0M | 129.4M | 124.4M | 124.6M | |
Liabilities And Stockholders Equity | 29.1B | 35.0B | 44.3B | 43.1B | 46.9B | 49.2B | |
Non Current Liabilities Total | 5.0B | 6.1B | 10.5B | 10.5B | 11.7B | 12.3B | |
Other Stockholder Equity | (5.6B) | (7.2B) | (7.1B) | (8.9B) | (10.3B) | (9.8B) | |
Total Liab | 17.0B | 21.2B | 28.2B | 27.7B | 30.6B | 32.1B | |
Total Current Assets | 16.1B | 18.4B | 18.4B | 26.2B | 30.0B | 31.5B | |
Short Term Debt | 924M | 920M | 2.3B | 2.4B | 1.6B | 1.7B | |
Intangible Assets | 177M | 329M | 2.6B | 1.8B | 1.7B | 1.3B | |
Good Will | 3.9B | 4.4B | 11.1B | 9.1B | 9.6B | 10.0B | |
Short Term Investments | 11.0B | 12.6B | 13.2B | 13.9B | 16.6B | 17.5B | |
Other Current Assets | 3.8B | 5.3B | 6.5B | 5.6B | 30.0B | 31.5B | |
Property Plant And Equipment Gross | 1.6B | 1.7B | 2.0B | 2.4B | 2.7B | 2.9B | |
Accumulated Other Comprehensive Income | 156M | 391M | 42M | (1.3B) | (999M) | (949.1M) | |
Other Liab | 809M | 1.8B | 2.4B | 1.0B | 1.2B | 1.4B | |
Current Deferred Revenue | 247M | 318M | 254M | 286M | 266M | 289.1M | |
Treasury Stock | (7.3B) | (8.5B) | (9.9B) | (10.2B) | (9.1B) | (8.7B) | |
Property Plant Equipment | 2.0B | 2.4B | 3.1B | 3.2B | 3.7B | 3.9B | |
Long Term Debt | 5.0B | 6.1B | 10.5B | 9.0B | 10.2B | 10.7B | |
Net Tangible Assets | 8.1B | 9.3B | 5.0B | 6.2B | 7.1B | 6.8B | |
Retained Earnings Total Equity | 17.5B | 20.5B | 23.1B | 25.5B | 29.3B | 30.8B | |
Long Term Debt Total | 5.0B | 6.1B | 10.5B | 9.0B | 10.4B | 10.9B | |
Capital Surpluse | 2.8B | 2.7B | 3.1B | 3.2B | 3.7B | 2.7B |
Humana Investors Sentiment
The influence of Humana's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Humana. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Humana's public news can be used to forecast risks associated with an investment in Humana. The trend in average sentiment can be used to explain how an investor holding Humana can time the market purely based on public headlines and social activities around Humana Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Humana's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Humana's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Humana's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Humana.
Humana Implied Volatility | 43.05 |
Humana's implied volatility exposes the market's sentiment of Humana Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Humana's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Humana stock will not fluctuate a lot when Humana's options are near their expiration.
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 Humana 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, Humana's short interest history, or implied volatility extrapolated from Humana options trading.
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When running Humana's price analysis, check to measure Humana'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 Humana is operating at the current time. Most of Humana's value examination focuses on studying past and present price action to predict the probability of Humana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Humana's price. Additionally, you may evaluate how the addition of Humana to your portfolios can decrease your overall portfolio volatility.
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Is Humana'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 Humana. If investors know Humana 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 Humana 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 (0.28) | Dividend Share 3.54 | Earnings Share 19.99 | Revenue Per Share 858.783 | Quarterly Revenue Growth 0.179 |
The market value of Humana Inc is measured differently than its book value, which is the value of Humana that is recorded on the company's balance sheet. Investors also form their own opinion of Humana's value that differs from its market value or its book value, called intrinsic value, which is Humana'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 Humana's market value can be influenced by many factors that don't directly affect Humana'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 Humana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Humana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Humana'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.