Universal Retained Earnings vs Total Current Liabilities Analysis

UHS Stock

USD 184.64 1.96 1.05%

Universal Health financial indicator trend analysis is much more than just breaking down Universal Health Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Universal Health Services is a good investment. Please check the relationship between Universal Health Retained Earnings and its Total Current Liabilities accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Universal Health Services. 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.

Retained Earnings vs Total Current Liabilities

Retained Earnings vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Universal Health Services Retained Earnings account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Universal Health's Retained Earnings and Total Current Liabilities is 0.95. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Universal Health Services, assuming nothing else is changed. The correlation between historical values of Universal Health's Retained Earnings and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Universal Health Services are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Retained Earnings i.e., Universal Health's Retained Earnings and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Total Current Liabilities

Total Current Liabilities is an item on Universal Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Universal Health Services are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. 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.

Most indicators from Universal Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Universal Health Services 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 Universal Health Services. 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.

At this time, Universal Health's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 237.3 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.34 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	83.7M	126.9M	231.7M	243.3M
Depreciation And Amortization	547.1M	571.5M	568.0M	596.4M

Interest Expense Depreciation And Amortization

Universal Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.96	0.34	0.94	0.97	0.99	0.88	0.98	0.31	1.0	0.4	0.31	0.98	-0.93	0.93	0.97	0.88	-0.55	0.98	0.95	0.47	-0.35	0.6	0.84	0.44	0.3
Short Long Term Debt Total	0.96		0.34	0.83	0.88	0.95	0.97	0.89	0.12	0.97	0.26	0.12	0.96	-0.94	0.99	0.93	0.87	-0.57	0.99	0.87	0.36	-0.17	0.46	0.84	0.52	0.37
Other Current Liab	0.34	0.34		0.23	0.32	0.29	0.4	0.33	-0.24	0.35	-0.01	-0.24	0.43	-0.18	0.37	0.25	0.36	-0.65	0.34	0.26	0.23	-0.32	-0.1	0.28	0.32	0.2
Total Current Liabilities	0.94	0.83	0.23		0.95	0.93	0.7	0.95	0.53	0.92	0.47	0.53	0.9	-0.83	0.78	0.93	0.77	-0.47	0.89	0.96	0.69	-0.44	0.67	0.77	0.28	0.17
Total Stockholder Equity	0.97	0.88	0.32	0.95		0.97	0.79	1.0	0.36	0.97	0.53	0.36	0.95	-0.86	0.83	0.95	0.84	-0.48	0.91	0.93	0.54	-0.51	0.72	0.79	0.34	0.22
Property Plant And Equipment Net	0.99	0.95	0.29	0.93	0.97		0.89	0.97	0.26	0.99	0.35	0.26	0.98	-0.93	0.93	0.99	0.92	-0.57	0.97	0.93	0.44	-0.38	0.6	0.89	0.33	0.19
Net Debt	0.88	0.97	0.4	0.7	0.79	0.89		0.81	-0.12	0.91	0.18	-0.12	0.91	-0.89	0.96	0.86	0.84	-0.57	0.92	0.73	0.24	-0.12	0.37	0.82	0.53	0.37
Retained Earnings	0.98	0.89	0.33	0.95	1.0	0.97	0.81		0.34	0.97	0.5	0.34	0.95	-0.87	0.84	0.96	0.85	-0.49	0.92	0.93	0.52	-0.5	0.7	0.81	0.34	0.22
Cash	0.31	0.12	-0.24	0.53	0.36	0.26	-0.12	0.34		0.23	0.36	1.0	0.21	-0.23	0.11	0.3	0.12	0.04	0.25	0.55	0.49	-0.2	0.38	0.06	-0.03	-0.02
Non Current Assets Total	1.0	0.97	0.35	0.92	0.97	0.99	0.91	0.97	0.23		0.42	0.23	0.98	-0.93	0.94	0.97	0.88	-0.54	0.98	0.92	0.45	-0.34	0.61	0.83	0.46	0.33
Non Currrent Assets Other	0.4	0.26	-0.01	0.47	0.53	0.35	0.18	0.5	0.36	0.42		0.36	0.26	-0.31	0.16	0.29	0.11	0.35	0.27	0.33	0.41	-0.33	0.77	-0.02	0.39	0.45
Cash And Short Term Investments	0.31	0.12	-0.24	0.53	0.36	0.26	-0.12	0.34	1.0	0.23	0.36		0.21	-0.23	0.11	0.3	0.12	0.04	0.25	0.55	0.49	-0.2	0.38	0.06	-0.03	-0.02
Net Receivables	0.98	0.96	0.43	0.9	0.95	0.98	0.91	0.95	0.21	0.98	0.26	0.21		-0.91	0.94	0.97	0.91	-0.67	0.98	0.93	0.45	-0.38	0.52	0.89	0.38	0.22
Common Stock Shares Outstanding	-0.93	-0.94	-0.18	-0.83	-0.86	-0.93	-0.89	-0.87	-0.23	-0.93	-0.31	-0.23	-0.91		-0.93	-0.91	-0.83	0.46	-0.94	-0.87	-0.34	0.14	-0.54	-0.79	-0.51	-0.32
Non Current Liabilities Total	0.93	0.99	0.37	0.78	0.83	0.93	0.96	0.84	0.11	0.94	0.16	0.11	0.94	-0.93		0.91	0.88	-0.63	0.98	0.86	0.25	-0.1	0.36	0.84	0.53	0.37
Inventory	0.97	0.93	0.25	0.93	0.95	0.99	0.86	0.96	0.3	0.97	0.29	0.3	0.97	-0.91	0.91		0.93	-0.59	0.96	0.94	0.43	-0.39	0.59	0.92	0.25	0.1
Other Current Assets	0.88	0.87	0.36	0.77	0.84	0.92	0.84	0.85	0.12	0.88	0.11	0.12	0.91	-0.83	0.88	0.93		-0.72	0.89	0.84	0.21	-0.34	0.38	0.94	0.15	-0.01
Other Stockholder Equity	-0.55	-0.57	-0.65	-0.47	-0.48	-0.57	-0.57	-0.49	0.04	-0.54	0.35	0.04	-0.67	0.46	-0.63	-0.59	-0.72		-0.61	-0.56	-0.2	0.24	0.19	-0.73	0.0	0.21
Total Liab	0.98	0.99	0.34	0.89	0.91	0.97	0.92	0.92	0.25	0.98	0.27	0.25	0.98	-0.94	0.98	0.96	0.89	-0.61		0.94	0.41	-0.22	0.48	0.86	0.47	0.32
Total Current Assets	0.95	0.87	0.26	0.96	0.93	0.93	0.73	0.93	0.55	0.92	0.33	0.55	0.93	-0.87	0.86	0.94	0.84	-0.56	0.94		0.52	-0.35	0.55	0.79	0.33	0.2
Short Term Debt	0.47	0.36	0.23	0.69	0.54	0.44	0.24	0.52	0.49	0.45	0.41	0.49	0.45	-0.34	0.25	0.43	0.21	-0.2	0.41	0.52		-0.36	0.42	0.26	0.11	0.07
Intangible Assets	-0.35	-0.17	-0.32	-0.44	-0.51	-0.38	-0.12	-0.5	-0.2	-0.34	-0.33	-0.2	-0.38	0.14	-0.1	-0.39	-0.34	0.24	-0.22	-0.35	-0.36		-0.61	-0.37	0.34	0.38
Accounts Payable	0.6	0.46	-0.1	0.67	0.72	0.6	0.37	0.7	0.38	0.61	0.77	0.38	0.52	-0.54	0.36	0.59	0.38	0.19	0.48	0.55	0.42	-0.61		0.38	0.16	0.17
Property Plant And Equipment Gross	0.84	0.84	0.28	0.77	0.79	0.89	0.82	0.81	0.06	0.83	-0.02	0.06	0.89	-0.79	0.84	0.92	0.94	-0.73	0.86	0.79	0.26	-0.37	0.38		0.04	-0.14
Common Stock Total Equity	0.44	0.52	0.32	0.28	0.34	0.33	0.53	0.34	-0.03	0.46	0.39	-0.03	0.38	-0.51	0.53	0.25	0.15	0.0	0.47	0.33	0.11	0.34	0.16	0.04		0.95
Common Stock	0.3	0.37	0.2	0.17	0.22	0.19	0.37	0.22	-0.02	0.33	0.45	-0.02	0.22	-0.32	0.37	0.1	-0.01	0.21	0.32	0.2	0.07	0.38	0.17	-0.14	0.95

Click cells to compare fundamentals

Universal Health Account Relationship Matchups

Universal Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.7B	13.5B	13.1B	13.5B	14.4B	15.1B
Short Long Term Debt Total	4.3B	4.2B	4.6B	5.3B	5.4B	5.6B
Other Current Liab	147.0M	57.0M	10.7M	2.2M	1.2B	1.3B
Total Current Liabilities	1.6B	2.5B	2.0B	1.9B	2.0B	2.1B
Total Stockholder Equity	5.5B	6.3B	6.1B	5.9B	6.1B	6.5B
Property Plant And Equipment Net	5.3B	5.7B	6.2B	6.4B	6.6B	6.9B
Net Debt	4.2B	3.0B	4.4B	5.2B	5.2B	5.5B
Retained Earnings	5.9B	6.7B	6.6B	6.5B	6.8B	7.1B
Cash	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Non Current Assets Total	9.8B	10.2B	10.8B	11.0B	11.5B	12.1B
Non Currrent Assets Other	516.8M	575.0M	573.4M	305.5M	271.3M	228.7M
Cash And Short Term Investments	61.3M	1.2B	115.3M	102.8M	119.4M	68.3M
Net Receivables	1.6B	1.7B	1.7B	2.0B	2.2B	2.4B
Common Stock Shares Outstanding	89.0M	85.6M	83.7M	73.8M	70.1M	88.5M
Liabilities And Stockholders Equity	11.7B	13.5B	13.1B	13.5B	14.4B	15.1B
Non Current Liabilities Total	4.5B	4.6B	4.9B	5.6B	6.1B	6.4B
Inventory	159.9M	190.4M	206.8M	218.5M	217.0M	227.8M
Other Current Assets	133.9M	138.0M	194.8M	198.3M	236.7M	248.5M
Other Stockholder Equity	(462.2M)	(479.5M)	(545.5M)	(604.1M)	(6.8B)	(6.4B)
Total Liab	6.1B	7.1B	6.9B	7.5B	8.2B	8.6B
Total Current Assets	1.9B	3.3B	2.3B	2.5B	2.8B	3.0B
Short Term Debt	144.0M	391.8M	112.9M	149.2M	198.3M	208.2M
Intangible Assets	83.7M	82.6M	81.0M	78.1M	77.0M	73.2M
Accounts Payable	1.3B	1.7B	1.9B	1.8B	614.0M	533.5M
Property Plant And Equipment Gross	5.3B	5.7B	10.8B	11.5B	12.2B	12.8B
Accumulated Other Comprehensive Income	31.9M	48.1M	30.3M	(9.7M)	(650.6M)	(618.1M)
Common Stock Total Equity	914K	867K	851K	771K	886.7K	821.9K
Common Stock	867K	851K	771K	710K	672K	817.0K
Other Liab	355.0M	786.7M	464.8M	487.7M	560.8M	390.4M
Other Assets	316.4M	602.7M	625.6M	674.3M	775.4M	814.2M
Long Term Debt	3.9B	3.5B	4.1B	4.7B	4.8B	2.8B
Good Will	3.9B	3.9B	4.0B	3.9B	3.9B	2.5B
Property Plant Equipment	5.0B	5.4B	6.2B	6.4B	7.3B	7.7B
Net Tangible Assets	5.8B	6.9B	2.1B	1.9B	2.2B	3.9B
Warrants	4.3M	4.3M	4.6M	5.1M	4.6M	4.4M
Noncontrolling Interest In Consolidated Entity	76.5M	74.8M	84.8M	103.4M	118.9M	71.4M
Retained Earnings Total Equity	5.4B	5.5B	6.3B	6.1B	7.0B	4.0B
Long Term Debt Total	3.9B	3.5B	4.1B	4.7B	5.4B	4.1B

Pair Trading with Universal 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 Universal 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 Universal Health will appreciate offsetting losses from the drop in the long position's value.

Moving together with Universal Stock

0.67

Guardant Health

Pair Corr

Moving against Universal Stock

0.62	DYNT	Dynatronics Fiscal Year End 26th of September 2024	Pair Corr
0.59	VERO	Venus Concept Earnings Call Today	Pair Corr
0.42	EDAP	EDAP TMS SA Earnings Call Today	Pair Corr

The ability to find closely correlated positions to Universal 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 Universal 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 Universal 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 Universal Health Services to buy it.

The correlation of Universal 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 Universal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Universal Health Services 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 Universal 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.

Pair Correlation Correlation Matching

Additional Tools for Universal Stock Analysis

When running Universal Health's price analysis, check to measure Universal 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 Universal Health is operating at the current time. Most of Universal Health's value examination focuses on studying past and present price action to predict the probability of Universal 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 Universal Health's price. Additionally, you may evaluate how the addition of Universal Health to your portfolios can decrease your overall portfolio volatility.

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