Fortis Net Debt vs Total Current Liabilities Analysis

FORTIS Stock

659.20 9.05 1.39%

Fortis Healthcare financial indicator trend analysis is much more than just examining Fortis Healthcare latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortis Healthcare is a good investment. Please check the relationship between Fortis Healthcare Net Debt and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Healthcare Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Fortis Healthcare's Net Debt and Total Current Liabilities is 0.11. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Fortis Healthcare Limited, assuming nothing else is changed. The correlation between historical values of Fortis Healthcare's Net Debt 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 Net Debt of Fortis Healthcare Limited 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 Net Debt i.e., Fortis Healthcare's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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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.

Total Current Liabilities

Total Current Liabilities is an item on Fortis Healthcare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortis Healthcare Limited 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 Fortis Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortis Healthcare 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Healthcare Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

As of December 1, 2024, Selling General Administrative is expected to decline to about 1.2 B. In addition to that, Discontinued Operations is expected to decline to about 17.6 M

	2021	2022	2023	2024 (projected)
Gross Profit	42.2B	35.3B	23.5B	17.4B
Total Revenue	56.4B	63.0B	68.9B	72.4B

Gross Profit Total Revenue

Fortis Healthcare 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	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other	Accounts Payable	Good Will	Intangible Assets
Total Assets		0.47	0.25	0.61	0.77	0.61	0.29	-0.3	0.48	0.99	0.22	0.59	0.42	-0.03	0.69	0.84	0.22	0.36	0.84	0.59	0.39	0.76	0.27	0.88	0.8	0.3
Short Long Term Debt Total	0.47		0.42	0.65	-0.15	-0.2	0.46	0.37	0.5	0.38	0.25	0.95	-0.36	0.18	0.7	0.18	0.55	-0.06	0.84	0.72	0.84	-0.19	0.69	0.58	0.83	-0.29
Other Current Liab	0.25	0.42		0.68	-0.09	0.26	-0.37	0.26	0.11	0.25	-0.17	0.38	0.25	0.01	0.24	0.14	0.72	0.18	0.46	0.14	0.18	-0.06	0.78	0.26	0.47	0.35
Total Current Liabilities	0.61	0.65	0.68		0.22	0.4	0.11	0.07	0.62	0.58	0.16	0.64	0.08	-0.07	0.35	0.25	0.51	0.31	0.74	0.5	0.63	0.23	0.59	0.7	0.7	0.15
Total Stockholder Equity	0.77	-0.15	-0.09	0.22		0.74	0.09	-0.5	0.25	0.8	0.26	0.06	0.62	0.02	0.23	0.76	-0.22	0.48	0.31	0.29	-0.1	0.95	-0.18	0.57	0.28	0.43
Property Plant And Equipment Net	0.61	-0.2	0.26	0.4	0.74		-0.14	-0.64	0.18	0.69	-0.11	-0.15	0.76	-0.35	0.21	0.57	-0.04	0.5	0.28	-0.06	-0.25	0.83	-0.11	0.43	0.25	0.65
Net Debt	0.29	0.46	-0.37	0.11	0.09	-0.14		0.19	0.29	0.22	0.46	0.46	-0.19	0.2	0.45	0.18	-0.35	0.05	0.36	0.57	0.41	-0.03	-0.31	0.41	0.34	-0.16
Retained Earnings	-0.3	0.37	0.26	0.07	-0.5	-0.64	0.19		0.02	-0.41	0.4	0.4	-0.48	0.6	-0.12	-0.3	0.18	-0.16	-0.05	0.41	0.29	-0.69	0.33	-0.08	-0.04	-0.12
Cash	0.48	0.5	0.11	0.62	0.25	0.18	0.29	0.02		0.41	0.57	0.5	-0.28	-0.01	0.25	0.01	0.04	0.43	0.52	0.61	0.69	0.21	0.22	0.49	0.43	-0.19
Non Current Assets Total	0.99	0.38	0.25	0.58	0.8	0.69	0.22	-0.41	0.41		0.1	0.49	0.51	-0.14	0.66	0.85	0.21	0.34	0.8	0.46	0.31	0.81	0.22	0.84	0.76	0.34
Cash And Short Term Investments	0.22	0.25	-0.17	0.16	0.26	-0.11	0.46	0.4	0.57	0.1		0.39	-0.36	0.75	0.04	0.04	-0.24	0.41	0.13	0.79	0.36	0.07	-0.01	0.33	0.05	-0.14
Net Receivables	0.59	0.95	0.38	0.64	0.06	-0.15	0.46	0.4	0.5	0.49	0.39		-0.28	0.34	0.69	0.36	0.49	0.01	0.85	0.85	0.82	-0.03	0.67	0.68	0.84	-0.18
Common Stock Shares Outstanding	0.42	-0.36	0.25	0.08	0.62	0.76	-0.19	-0.48	-0.28	0.51	-0.36	-0.28		-0.31	0.13	0.58	-0.16	0.23	0.1	-0.28	-0.57	0.64	-0.2	0.14	0.15	0.69
Short Term Investments	-0.03	0.18	0.01	-0.07	0.02	-0.35	0.2	0.6	-0.01	-0.14	0.75	0.34	-0.31		0.0	0.06	0.02	0.11	-0.03	0.62	0.1	-0.16	0.21	0.11	-0.06	-0.08
Non Current Liabilities Total	0.69	0.7	0.24	0.35	0.23	0.21	0.45	-0.12	0.25	0.66	0.04	0.69	0.13	0.0		0.65	0.3	0.04	0.86	0.53	0.39	0.24	0.37	0.6	0.87	0.12
Inventory	0.84	0.18	0.14	0.25	0.76	0.57	0.18	-0.3	0.01	0.85	0.04	0.36	0.58	0.06	0.65		0.13	0.2	0.6	0.38	0.01	0.73	0.11	0.71	0.6	0.57
Other Current Assets	0.22	0.55	0.72	0.51	-0.22	-0.04	-0.35	0.18	0.04	0.21	-0.24	0.49	-0.16	0.02	0.3	0.13		-0.04	0.49	0.17	0.46	-0.12	0.86	0.36	0.47	-0.04
Other Stockholder Equity	0.36	-0.06	0.18	0.31	0.48	0.5	0.05	-0.16	0.43	0.34	0.41	0.01	0.23	0.11	0.04	0.2	-0.04		0.14	0.31	0.05	0.44	-0.09	0.38	0.09	0.37
Total Liab	0.84	0.84	0.46	0.74	0.31	0.28	0.36	-0.05	0.52	0.8	0.13	0.85	0.1	-0.03	0.86	0.6	0.49	0.14		0.65	0.67	0.32	0.58	0.81	0.98	0.05
Total Current Assets	0.59	0.72	0.14	0.5	0.29	-0.06	0.57	0.41	0.61	0.46	0.79	0.85	-0.28	0.62	0.53	0.38	0.17	0.31	0.65		0.67	0.12	0.38	0.7	0.61	-0.08
Short Term Debt	0.39	0.84	0.18	0.63	-0.1	-0.25	0.41	0.29	0.69	0.31	0.36	0.82	-0.57	0.1	0.39	0.01	0.46	0.05	0.67	0.67		-0.11	0.51	0.61	0.59	-0.45
Common Stock	0.76	-0.19	-0.06	0.23	0.95	0.83	-0.03	-0.69	0.21	0.81	0.07	-0.03	0.64	-0.16	0.24	0.73	-0.12	0.44	0.32	0.12	-0.11		-0.16	0.55	0.27	0.41
Non Currrent Assets Other	0.27	0.69	0.78	0.59	-0.18	-0.11	-0.31	0.33	0.22	0.22	-0.01	0.67	-0.2	0.21	0.37	0.11	0.86	-0.09	0.58	0.38	0.51	-0.16		0.31	0.59	-0.13
Accounts Payable	0.88	0.58	0.26	0.7	0.57	0.43	0.41	-0.08	0.49	0.84	0.33	0.68	0.14	0.11	0.6	0.71	0.36	0.38	0.81	0.7	0.61	0.55	0.31		0.74	0.24
Good Will	0.8	0.83	0.47	0.7	0.28	0.25	0.34	-0.04	0.43	0.76	0.05	0.84	0.15	-0.06	0.87	0.6	0.47	0.09	0.98	0.61	0.59	0.27	0.59	0.74		0.09
Intangible Assets	0.3	-0.29	0.35	0.15	0.43	0.65	-0.16	-0.12	-0.19	0.34	-0.14	-0.18	0.69	-0.08	0.12	0.57	-0.04	0.37	0.05	-0.08	-0.45	0.41	-0.13	0.24	0.09

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Fortis Healthcare Account Relationship Matchups

Fortis Healthcare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	113.5B	111.5B	118.8B	124.3B	132.9B	76.0B
Short Long Term Debt Total	15.9B	15.3B	12.5B	9.3B	11.6B	16.6B
Other Current Liab	20.4M	2.9B	166.7M	4.7B	21.5B	22.6B
Total Current Liabilities	25.8B	12.3B	12.7B	14.3B	31.7B	33.3B
Total Stockholder Equity	66.6B	61.2B	61.8B	72.4B	76.6B	38.6B
Property Plant And Equipment Net	52.1B	51.8B	51.4B	50.8B	58.3B	61.2B
Net Debt	14.1B	12.7B	11.1B	7.8B	9.2B	13.2B
Retained Earnings	(16.4B)	(21.8B)	(16.3B)	(10.1B)	(1.5B)	(1.5B)
Cash	1.8B	2.6B	1.4B	1.4B	2.4B	2.7B
Non Current Assets Total	104.1B	101.2B	107.5B	110.3B	118.7B	64.0B
Cash And Short Term Investments	2.7B	4.2B	4.1B	3.9B	6.0B	5.9B
Net Receivables	5.7B	4.6B	5.9B	5.8B	6.4B	4.7B
Short Term Investments	839.0M	1.6B	2.7B	2.5B	3.7B	3.4B
Liabilities And Stockholders Equity	113.5B	111.5B	118.8B	124.3B	132.9B	76.0B
Non Current Liabilities Total	15.6B	32.0B	36.1B	29.1B	15.6B	18.4B
Inventory	781.8M	767.6M	1.2B	1.2B	1.1B	553.2M
Other Current Assets	290.0M	858.4M	81.5M	3.4B	850.5M	1.3B
Other Stockholder Equity	83.2B	4.4B	72.2B	8.7B	67.7B	71.0B
Total Liab	41.4B	44.4B	48.8B	43.3B	47.3B	33.0B
Total Current Assets	9.4B	10.4B	11.3B	14.1B	14.2B	12.0B
Accumulated Other Comprehensive Income	(9.5B)	3.3B	2.8B	2.8B	2.9B	3.0B
Short Term Debt	4.3B	3.3B	2.2B	1.7B	1.7B	1.6B
Non Currrent Assets Other	8.3B	6.0B	6.7B	8.2B	11.9B	12.4B
Accounts Payable	6.0B	5.5B	6.6B	7.1B	7.3B	5.5B
Intangible Assets	759.7M	637.8M	3.4B	4.4B	4.1B	4.3B
Current Deferred Revenue	15.5B	3.5B	3.7B	3.8B	856.2M	813.4M
Other Liab	4.0B	20.0B	25.7B	21.5B	24.8B	26.0B
Net Tangible Assets	28.6B	23.3B	17.1B	26.7B	30.7B	24.6B
Other Assets	12.3B	9.7B	10.4B	4.3B	(1.0)	(0.95)
Long Term Debt	9.5B	9.7B	7.8B	5.7B	7.4B	7.5B
Short Long Term Debt	4.0B	1.8B	1.9B	1.3B	1.2B	1.1B
Property Plant Equipment	52.1B	51.8B	51.4B	50.8B	58.4B	41.3B
Long Term Debt Total	11.7B	12.0B	10.3B	7.5B	6.8B	7.9B
Capital Lease Obligations	2.4B	2.6B	2.9B	2.2B	3.0B	2.0B
Cash And Equivalents	1.8B	2.6B	1.4B	3.6B	3.3B	2.8B

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Balance Sheet is a snapshot of the financial position of Fortis Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Fortis Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fortis Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Fortis currently owns. An asset can also be divided into two categories, current and non-current.

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Fortis Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Fortis Healthcare fundamental ratios Correlations

Fortis Healthcare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortis Healthcare fundamental ratios Accounts

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Other Information on Investing in Fortis Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.98	Total Liab
Net Receivables	+ 0.95	Short Long Term Debt Total
Common Stock	+ 0.95	Total Stockholder Equity
Accounts Payable	+ 0.88	Total Assets
Good Will	+ 0.87	Non Current Liabilities Total

Common Stock	- 0.69	Retained Earnings
Retained Earnings	- 0.64	Property Plant And Equipment Net
Short Term Debt	- 0.57	Common Stock Shares Outstanding
Retained Earnings	- 0.5	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.48	Retained Earnings
Intangible Assets	- 0.45	Short Term Debt