BrightSpring Net Debt vs Asset Turnover Analysis
BTSGU Stock | 66.64 0.88 1.34% |
BrightSpring Health financial indicator trend analysis is way more than just evaluating BrightSpring Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BrightSpring Health is a good investment. Please check the relationship between BrightSpring Health Net Debt and its Asset Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Net Debt vs Asset Turnover
Net Debt vs Asset Turnover Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightSpring Health Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have strong relationship.
The correlation between BrightSpring Health's Net Debt and Asset Turnover is 0.66. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of BrightSpring Health Services,, assuming nothing else is changed. The correlation between historical values of BrightSpring Health's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of BrightSpring Health Services, are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., BrightSpring Health's Net Debt and Asset Turnover go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most indicators from BrightSpring Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BrightSpring 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 BrightSpring Health Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. Tax Provision is likely to gain to about (17.6 M) in 2024. Selling General Administrative is likely to drop to about 1.2 B in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 233.6M | 324.6M | 373.3M | 237.2M | Depreciation And Amortization | 204.0M | 202.3M | 232.7M | 216.4M |
BrightSpring Health fundamental ratios Correlations
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BrightSpring Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for BrightSpring Stock Analysis
When running BrightSpring Health's price analysis, check to measure BrightSpring 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 BrightSpring Health is operating at the current time. Most of BrightSpring Health's value examination focuses on studying past and present price action to predict the probability of BrightSpring 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 BrightSpring Health's price. Additionally, you may evaluate how the addition of BrightSpring Health to your portfolios can decrease your overall portfolio volatility.