Cardinal Current Deferred Revenue vs Intangible Assets Analysis
CAH Stock | USD 98.06 0.62 0.64% |
Cardinal Health financial indicator trend analysis is way more than just evaluating Cardinal Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cardinal Health is a good investment. Please check the relationship between Cardinal Health Current Deferred Revenue and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal 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 nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
Current Deferred Revenue vs Intangible Assets
Current Deferred Revenue vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cardinal Health Current Deferred Revenue account and Intangible Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cardinal Health's Current Deferred Revenue and Intangible Assets is 0.35. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Cardinal Health, assuming nothing else is changed. The correlation between historical values of Cardinal Health's Current Deferred Revenue and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Cardinal Health are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Current Deferred Revenue i.e., Cardinal Health's Current Deferred Revenue and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.35 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Cardinal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cardinal 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal 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 nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.As of now, Cardinal Health's Enterprise Value Multiple is decreasing as compared to previous years.
2021 | 2023 | 2024 (projected) | Interest Expense | 149M | 107.0M | 190.1M | Depreciation And Amortization | 692M | 795.8M | 835.6M |
Cardinal Health fundamental ratios Correlations
Click cells to compare fundamentals
Cardinal Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cardinal Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 40.8B | 44.5B | 43.9B | 43.4B | 49.9B | 52.4B | |
Short Long Term Debt Total | 6.8B | 6.2B | 5.3B | 4.7B | 5.4B | 3.2B | |
Other Current Liab | 2.2B | 96M | 2.8B | 42M | 48.3M | 45.9M | |
Total Current Liabilities | 23.6B | 27.6B | 30.6B | 33.7B | 38.8B | 40.7B | |
Total Stockholder Equity | 1.8B | 1.8B | (706M) | (2.9B) | (3.3B) | (3.1B) | |
Property Plant And Equipment Net | 2.4B | 2.4B | 2.4B | 2.5B | 2.8B | 1.4B | |
Net Debt | 4.0B | 2.8B | 598M | 658M | 756.7M | 1.4B | |
Retained Earnings | 1.2B | 1.2B | (280M) | (534M) | (614.1M) | (583.4M) | |
Cash | 2.8B | 3.4B | 4.7B | 4.0B | 4.6B | 4.9B | |
Non Current Assets Total | 14.8B | 13.4B | 10.9B | 9.6B | 11.0B | 6.4B | |
Non Currrent Assets Other | 1.2B | 951M | (8.4B) | 1.0B | 936.9M | 983.7M | |
Cash And Short Term Investments | 2.8B | 3.4B | 4.7B | 4.0B | 4.6B | 4.9B | |
Net Receivables | 8.3B | 9.1B | 10.6B | 11.3B | 13.0B | 13.7B | |
Common Stock Shares Outstanding | 293M | 294M | 279M | 262M | 301.3M | 314.6M | |
Liabilities And Stockholders Equity | 40.8B | 44.5B | 43.9B | 43.4B | 49.9B | 52.4B | |
Non Current Liabilities Total | 15.4B | 15.0B | 14.0B | 12.6B | 14.4B | 15.2B | |
Inventory | 13.2B | 14.6B | 15.6B | 15.9B | 18.3B | 19.2B | |
Other Current Assets | 1.7B | 3.9B | 2.0B | 2.4B | 2.7B | 2.9B | |
Other Stockholder Equity | (2.1B) | (2.2B) | (3.1B) | (4.9B) | (4.4B) | (4.2B) | |
Total Liab | 39.0B | 42.7B | 44.6B | 46.3B | 53.2B | 55.9B | |
Property Plant And Equipment Gross | 2.4B | 2.4B | 5.9B | 6.3B | 7.3B | 7.6B | |
Total Current Assets | 25.9B | 31.0B | 32.9B | 33.8B | 38.9B | 40.9B | |
Accumulated Other Comprehensive Income | (104M) | (34M) | (114M) | (151M) | (135.9M) | (129.1M) | |
Short Term Debt | 10M | 871M | 580M | 792M | 910.8M | 956.3M | |
Intangible Assets | 2.9B | 2.1B | 1.8B | 1.5B | 1.7B | 2.2B | |
Accounts Payable | 21.4B | 23.7B | 27.1B | 29.8B | 34.3B | 36.0B | |
Common Stock Total Equity | 2.8B | 2.8B | 2.8B | 2.7B | 3.2B | 2.9B | |
Common Stock | 2.8B | 2.8B | 2.8B | 2.7B | 3.2B | 2.0B | |
Other Liab | 8.2B | 9.7B | 9.3B | 8.3B | 9.5B | 10.0B | |
Other Assets | 732M | 951M | 953M | 606M | 696.9M | 618.0M | |
Long Term Debt | 6.7B | 5.4B | 4.7B | 3.9B | 4.5B | 4.4B | |
Treasury Stock | (2.1B) | (2.2B) | (3.1B) | (4.9B) | (4.4B) | (4.2B) | |
Property Plant Equipment | 2.8B | 2.4B | 2.4B | 2.5B | 2.8B | 2.2B | |
Good Will | 8.4B | 8.0B | 5.9B | 4.6B | 5.3B | 5.7B | |
Net Tangible Assets | (9.5B) | (8.3B) | (8.3B) | (8.9B) | (8.0B) | (7.6B) | |
Retained Earnings Total Equity | 1.2B | 1.2B | (280M) | (534M) | (480.6M) | (456.6M) | |
Long Term Debt Total | 6.8B | 5.4B | 4.7B | 3.9B | 4.5B | 5.6B |
Pair Trading with Cardinal 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 Cardinal 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 Cardinal Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Cardinal Stock
0.67 | CVS | CVS Health Corp | PairCorr |
Moving against Cardinal Stock
0.79 | GKOS | Glaukos Corp | PairCorr |
0.64 | KIDS | Orthopediatrics Corp | PairCorr |
0.59 | INSP | Inspire Medical Systems | PairCorr |
The ability to find closely correlated positions to Cardinal 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 Cardinal 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 Cardinal 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 Cardinal Health to buy it.
The correlation of Cardinal 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 Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal 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 Cardinal 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal 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 nation. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal 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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal 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 Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal 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 Cardinal Health. If investors know Cardinal 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 Cardinal Health 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 (0.22) | Dividend Share 2.002 | Earnings Share 2.26 | Revenue Per Share 891.2 | Quarterly Revenue Growth 0.088 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal 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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal 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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal 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.