Mednax Other Current Assets vs Cash And Short Term Investments Analysis
MD Stock | USD 7.31 0.05 0.68% |
Mednax financial indicator trend analysis is infinitely more than just investigating Mednax Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mednax Inc is a good investment. Please check the relationship between Mednax Other Current Assets and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mednax 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 unemployment.
Other Current Assets vs Cash And Short Term Investments
Other Current Assets vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mednax Inc Other Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Mednax's Other Current Assets and Cash And Short Term Investments is 0.27. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Mednax Inc, assuming nothing else is changed. The correlation between historical values of Mednax's Other Current Assets and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Mednax Inc are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Assets i.e., Mednax's Other Current Assets and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.27 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Mednax Inc balance sheet. This account contains Mednax investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mednax Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Mednax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mednax 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mednax 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 unemployment. At present, Mednax's Discontinued Operations is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 6.9 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.11.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 513.2M | 467.0M | 421.6M | 542.2M | Total Revenue | 1.9B | 2.0B | 2.0B | 1.5B |
Mednax fundamental ratios Correlations
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Mednax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mednax fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.1B | 3.3B | 2.7B | 2.3B | 2.2B | 2.2B | |
Short Long Term Debt Total | 1.8B | 1.8B | 1.1B | 753.6M | 701.6M | 521.4M | |
Other Current Liab | (23.4M) | (21.2M) | (22.2M) | 200.0M | 350.8M | 368.3M | |
Total Current Liabilities | 511.9M | 423.2M | 394.1M | 374.2M | 388.9M | 284.3M | |
Total Stockholder Equity | 1.5B | 747.7M | 896.7M | 891.6M | 849.1M | 1.2B | |
Property Plant And Equipment Net | 82.8M | 56.0M | 65.5M | 66.9M | 145.9M | 285.9M | |
Net Debt | 1.7B | 680.9M | 678.4M | 743.7M | 628.4M | 431.5M | |
Retained Earnings | 510.2M | (286.4M) | (155.4M) | (89.1M) | (149.5M) | (142.0M) | |
Accounts Payable | 511.9M | 423.2M | 394.1M | 31.9M | 34.6M | 32.9M | |
Cash | 112.8M | 1.1B | 387.4M | 9.8M | 73.3M | 89.9M | |
Non Current Assets Total | 3.5B | 1.8B | 2.0B | 2.0B | 1.7B | 1.9B | |
Non Currrent Assets Other | (162.4M) | 107.4M | (88.3M) | (105.9M) | 49.0M | 51.4M | |
Cash And Short Term Investments | 112.8M | 1.2B | 387.4M | 9.8M | 177.7M | 106.1M | |
Net Receivables | 498.9M | 241.9M | 301.8M | 296.8M | 279.9M | 228.1M | |
Common Stock Shares Outstanding | 83.5M | 83.4M | 85.8M | 84.1M | 82.2M | 77.1M | |
Liabilities And Stockholders Equity | 4.1B | 3.3B | 2.7B | 2.3B | 2.2B | 2.2B | |
Non Current Liabilities Total | 2.1B | 2.2B | 1.4B | 1.1B | 981.8M | 731.0M | |
Other Current Assets | 45.4M | 78.7M | 51.7M | 28.1M | 12.3M | 11.7M | |
Other Stockholder Equity | 987.9M | 1.0B | 1.0B | 983.6M | 999.9M | 695.6M | |
Total Liab | 2.6B | 2.6B | 1.8B | 1.5B | 1.4B | 982.2M | |
Property Plant And Equipment Gross | 177.3M | 132.2M | 70.2M | 73.3M | 288.6M | 303.1M | |
Total Current Assets | 657.0M | 1.5B | 740.8M | 334.8M | 483.5M | 382.4M | |
Accumulated Other Comprehensive Income | 78K | 3.5M | 1.3M | (3.7M) | (2.2M) | (2.3M) | |
Short Term Debt | 23.4M | 21.2M | 22.2M | 36.5M | 36.0M | 37.8M | |
Common Stock Total Equity | 842K | 856K | 864K | 829K | 953.4K | 643.9K | |
Common Stock | 842K | 856K | 864K | 829K | 840K | 655.1K | |
Other Liab | 330.2M | 372.4M | 365.9M | 348.7M | 401.0M | 421.0M | |
Other Assets | 1.8B | 217.8M | 219.4M | 229.1M | 263.5M | 212.4M | |
Intangible Assets | 274.4M | 26.6M | 21.6M | 18.5M | 21.2M | 20.2M | |
Property Plant Equipment | 129.1M | 76.2M | 70.2M | 73.3M | 84.3M | 64.4M | |
Long Term Debt | 1.7B | 1.7B | 1.0B | 636.4M | 611.6M | 643.8M | |
Good Will | 3.1B | 1.7B | 1.8B | 1.8B | 1.4B | 2.2B | |
Short Term Investments | 74.5M | 104.9M | 99.7M | 93.2M | 104.5M | 109.7M | |
Net Tangible Assets | (9.4M) | (757.1M) | 896.5M | 891.6M | 1.0B | 1.1B | |
Long Term Debt Total | 1.7B | 1.7B | 1.0B | 636.4M | 731.8M | 1.1B |
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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.When determining whether Mednax Inc is a strong investment it is important to analyze Mednax's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mednax's future performance. For an informed investment choice regarding Mednax Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mednax 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 unemployment. Note that the Mednax Inc information on this page should be used as a complementary analysis to other Mednax'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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Is Mednax'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 Mednax. If investors know Mednax 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 Mednax 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 (0.71) | Earnings Share (0.12) | Revenue Per Share 24.244 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0424 |
The market value of Mednax Inc is measured differently than its book value, which is the value of Mednax that is recorded on the company's balance sheet. Investors also form their own opinion of Mednax's value that differs from its market value or its book value, called intrinsic value, which is Mednax'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 Mednax's market value can be influenced by many factors that don't directly affect Mednax'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 Mednax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mednax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mednax'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.