Tenet Cash vs Other Current Liab Analysis
THC Stock | USD 127.93 5.04 3.79% |
Tenet Healthcare financial indicator trend analysis is much more than just breaking down Tenet Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenet Healthcare is a good investment. Please check the relationship between Tenet Healthcare Cash and its Other Current Liab accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.
Cash vs Other Current Liab
Cash vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenet Healthcare Cash account and Other Current Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Tenet Healthcare's Cash and Other Current Liab is 0.81. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Tenet Healthcare, assuming nothing else is changed. The correlation between historical values of Tenet Healthcare's Cash and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Tenet Healthcare are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Tenet Healthcare's Cash and Other Current Liab go up and down completely randomly.
Correlation Coefficient | 0.81 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of Tenet Healthcare, which is listed under current asset account on Tenet Healthcare balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tenet Healthcare customers. The amounts must be unrestricted with restricted cash listed in a different Tenet Healthcare account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Other Current Liab
Most indicators from Tenet Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenet Healthcare 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.At present, Tenet Healthcare's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 8.91, whereas Selling General Administrative is forecasted to decline to about 7 B.
2021 | 2022 | 2024 (projected) | Interest Expense | 923M | 890M | 738.0M | Depreciation And Amortization | 625M | 1.1B | 537.1M |
Tenet Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Tenet Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tenet Healthcare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 23.4B | 27.1B | 27.6B | 27.2B | 28.3B | 29.7B | |
Short Long Term Debt Total | 14.8B | 15.7B | 15.6B | 15.1B | 16.2B | 17.0B | |
Other Current Liab | 1.4B | 2.8B | 2.7B | 2.7B | 3.0B | 3.1B | |
Total Current Liabilities | 4.2B | 4.8B | 5.1B | 4.5B | 4.8B | 2.5B | |
Total Stockholder Equity | (371M) | 28M | 1.0B | 1.1B | 1.6B | 1.3B | |
Property Plant And Equipment Net | 6.9B | 6.7B | 6.4B | 6.5B | 7.3B | 5.4B | |
Net Debt | 14.5B | 13.3B | 13.3B | 14.2B | 15.0B | 15.7B | |
Retained Earnings | (2.5B) | (2.1B) | (1.2B) | (803M) | (192M) | (201.6M) | |
Cash | 262M | 2.4B | 2.4B | 858M | 1.2B | 1.3B | |
Non Current Assets Total | 18.3B | 20.0B | 20.5B | 21.2B | 21.1B | 22.2B | |
Non Currrent Assets Other | 308M | 315M | 317M | 389M | 180M | 209.6M | |
Cash And Short Term Investments | 262M | 2.4B | 2.4B | 858M | 1.2B | 1.3B | |
Net Receivables | 2.8B | 2.7B | 2.8B | 2.9B | 4.0B | 4.2B | |
Common Stock Shares Outstanding | 103.4M | 106.3M | 108.6M | 110.5M | 104.8M | 108.1M | |
Liabilities And Stockholders Equity | 23.4B | 27.1B | 27.6B | 27.2B | 28.3B | 29.7B | |
Non Current Liabilities Total | 17.2B | 19.4B | 18.2B | 18.1B | 18.0B | 18.9B | |
Inventory | 310M | 368M | 384M | 405M | 411M | 212.3M | |
Other Current Assets | 1.4B | 1.5B | 1.6B | 1.8B | 1.5B | 1.6B | |
Other Stockholder Equity | 2.3B | 2.4B | 2.5B | 2.1B | 2.0B | 2.6B | |
Total Liab | 21.4B | 24.2B | 23.3B | 22.5B | 22.8B | 23.9B | |
Property Plant And Equipment Gross | 8.0B | 7.9B | 13.5B | 13.8B | 13.8B | 14.5B | |
Total Current Assets | 5.1B | 7.1B | 7.1B | 6.0B | 7.2B | 7.5B | |
Accumulated Other Comprehensive Income | (257M) | (281M) | (233M) | (181M) | (208.2M) | (218.6M) | |
Short Term Debt | 182M | 171M | 145M | 135M | 324M | 340.2M | |
Intangible Assets | 1.6B | 1.6B | 1.5B | 1.4B | 1.4B | 1.4B | |
Other Liab | 1.7B | 3.8B | 2.7B | 2.1B | 2.4B | 1.7B | |
Other Assets | 646M | 325M | 65M | 19M | 21.9M | 20.8M | |
Long Term Debt | 14.6B | 15.6B | 15.5B | 14.9B | 14.9B | 9.6B | |
Good Will | 7.3B | 8.8B | 9.3B | 10.1B | 10.3B | 10.8B | |
Property Plant Equipment | 7.8B | 6.7B | 6.4B | 6.5B | 7.4B | 6.6B | |
Current Deferred Revenue | 1.5B | 659M | 959M | 110M | 59M | 56.1M | |
Net Tangible Assets | (7.7B) | (8.4B) | (9.7B) | (8.3B) | (7.4B) | (7.8B) | |
Noncontrolling Interest In Consolidated Entity | 854M | 909M | 1.0B | 1.3B | 1.5B | 1.6B | |
Retained Earnings Total Equity | (2.5B) | (2.1B) | (1.2B) | (803M) | (722.7M) | (758.8M) | |
Long Term Debt Total | 14.6B | 15.6B | 15.5B | 14.9B | 17.2B | 13.1B |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.Note that the Tenet Healthcare information on this page should be used as a complementary analysis to other Tenet Healthcare's 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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Is Tenet Healthcare'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 Tenet Healthcare. If investors know Tenet 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 Tenet Healthcare 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 15.189 | Earnings Share 25.77 | Revenue Per Share 206.929 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0661 |
The market value of Tenet Healthcare is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare'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 Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare'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 Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenet Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare'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.