BrightSpring Total Current Liabilities vs Gross Profit Margin 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 Total Current Liabilities and its Gross Profit Margin 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.
Total Current Liabilities vs Gross Profit Margin
Total Current Liabilities vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightSpring Health Total Current Liabilities account and Gross Profit Margin. At this time, the significance of the direction appears to have weak relationship.
The correlation between BrightSpring Health's Total Current Liabilities and Gross Profit Margin is 0.32. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Gross Profit Margin 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 Total Current Liabilities and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of BrightSpring Health Services, are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Total Current Liabilities i.e., BrightSpring Health's Total Current Liabilities and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on BrightSpring 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 BrightSpring 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.Gross Profit Margin
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.