Tenet Non Current Assets Total vs Cash 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 Non Current Assets Total and its Cash 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.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenet Healthcare Non Current Assets Total account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tenet Healthcare's Non Current Assets Total and Cash is 0.59. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash 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 Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Tenet Healthcare are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Tenet Healthcare's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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.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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.C | Citigroup | |
CRM | Salesforce | |
MSFT | Microsoft |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Tenet Stock analysis
When running Tenet Healthcare's price analysis, check to measure Tenet Healthcare'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 Tenet Healthcare is operating at the current time. Most of Tenet Healthcare's value examination focuses on studying past and present price action to predict the probability of Tenet Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenet Healthcare's price. Additionally, you may evaluate how the addition of Tenet Healthcare to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
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.