Quest Total Current Liabilities from 2010 to 2024
DGX Stock | USD 136.94 1.30 0.96% |
Total Current Liabilities | First Reported 1996-09-30 | Previous Quarter 1.8 B | Current Value 2.3 B | Quarterly Volatility 487.2 M |
Check Quest Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Quest main balance sheet or income statement drivers, such as Depreciation And Amortization of 280.4 M, Interest Expense of 99.3 M or Selling General Administrative of 1.5 B, as well as many exotic indicators such as Price To Sales Ratio of 1.13, Dividend Yield of 0.0214 or PTB Ratio of 3.0. Quest financial statements analysis is a perfect complement when working with Quest Diagnostics Valuation or Volatility modules.
Quest | Total Current Liabilities |
Latest Quest Diagnostics' Total Current Liabilities Growth Pattern
Below is the plot of the Total Current Liabilities of Quest Diagnostics Incorporated over the last few years. Total Current Liabilities is an item on Quest Diagnostics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Quest Diagnostics Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is 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. Quest Diagnostics' Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Quest Diagnostics' overall financial position and show how it may be relating to other accounts over time.
Total Current Liabilities | 10 Years Trend |
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Total Current Liabilities |
Timeline |
Quest Total Current Liabilities Regression Statistics
Arithmetic Mean | 1,368,220,362 | |
Geometric Mean | 1,256,999,450 | |
Coefficient Of Variation | 32.75 | |
Mean Deviation | 359,258,281 | |
Median | 1,485,000,000 | |
Standard Deviation | 448,157,712 | |
Sample Variance | 200845.3T | |
Range | 1.7B | |
R-Value | 0.56 | |
Mean Square Error | 147553.7T | |
R-Squared | 0.32 | |
Significance | 0.03 | |
Slope | 56,493,893 | |
Total Sum of Squares | 2811834.7T |
Quest Total Current Liabilities History
About Quest Diagnostics Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Quest Diagnostics income statement, its balance sheet, and the statement of cash flows. Quest Diagnostics investors use historical funamental indicators, such as Quest Diagnostics's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although Quest Diagnostics investors may use each financial statement separately, they are all related. The changes in Quest Diagnostics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Quest Diagnostics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Quest Diagnostics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Quest Diagnostics. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Total Current Liabilities | 1.8 B | 1.2 B |
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 Quest Diagnostics 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, Quest Diagnostics' short interest history, or implied volatility extrapolated from Quest Diagnostics options trading.
Pair Trading with Quest Diagnostics
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 Quest Diagnostics 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 Quest Diagnostics will appreciate offsetting losses from the drop in the long position's value.Moving together with Quest Stock
0.64 | ELV | Elevance Health Financial Report 17th of July 2024 | PairCorr |
Moving against Quest Stock
0.73 | HUM | Humana Inc Financial Report 7th of August 2024 | PairCorr |
0.65 | GILD | Gilead Sciences Sell-off Trend | PairCorr |
0.64 | XCUR | Exicure | PairCorr |
0.62 | CVS | CVS Health Corp | PairCorr |
0.6 | ABBV | AbbVie Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Quest Diagnostics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quest Diagnostics 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 Quest Diagnostics - 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 Quest Diagnostics Incorporated to buy it.
The correlation of Quest Diagnostics 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 Quest Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quest Diagnostics 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 Quest Diagnostics 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.Check out the analysis of Quest Diagnostics Correlation against competitors. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Quest Stock analysis
When running Quest Diagnostics' price analysis, check to measure Quest Diagnostics' 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 Quest Diagnostics is operating at the current time. Most of Quest Diagnostics' value examination focuses on studying past and present price action to predict the probability of Quest Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest Diagnostics' price. Additionally, you may evaluate how the addition of Quest Diagnostics to your portfolios can decrease your overall portfolio volatility.
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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 7.44 | 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.