Health Non Current Assets Total vs Net Debt Analysis

HPP Stock

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

Non Current Assets Total vs Net Debt

Non Current Assets Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Health and Plant Non Current Assets Total account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Health's Non Current Assets Total and Net Debt is 0.84. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Net Debt in the same time period over historical financial statements of Health and Plant, assuming nothing else is changed. The correlation between historical values of Health's Non Current Assets Total and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Health and Plant are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Assets Total i.e., Health's Non Current Assets Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

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.

Most indicators from Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Health and Plant 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Health and Plant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Health's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 7.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.5M	3.5M	4.0M	4.2M
Depreciation And Amortization	209K	131K	1.1M	1.6M

Interest Expense Depreciation And Amortization

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	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Shares Outstanding	Intangible Assets	Good Will	Short Term Investments
Total Assets		0.37	0.89	0.86	0.97	0.22	0.56	0.82	0.47	0.73	0.41	0.96	0.35	0.41	0.51	0.67	0.97	0.4	0.98	0.96	0.64	-0.16	-0.45	0.16	0.3	0.59
Short Long Term Debt Total	0.37		0.27	0.43	0.25	0.6	0.4	0.48	-0.33	0.26	0.17	0.28	-0.19	0.14	0.05	0.25	0.37	0.45	0.44	0.42	0.44	0.52	0.36	-0.17	0.09	0.12
Other Current Liab	0.89	0.27		0.75	0.88	0.27	0.67	0.73	0.52	0.57	0.24	0.86	0.27	0.25	0.56	0.61	0.87	0.33	0.87	0.86	0.51	-0.24	-0.5	0.18	0.51	0.33
Total Current Liabilities	0.86	0.43	0.75		0.8	-0.02	0.55	0.73	0.49	0.69	0.45	0.76	0.49	0.44	0.5	0.25	0.82	0.53	0.87	0.89	0.93	-0.23	-0.51	0.06	0.34	0.54
Total Stockholder Equity	0.97	0.25	0.88	0.8		0.22	0.61	0.68	0.58	0.78	0.48	0.94	0.44	0.5	0.62	0.62	0.94	0.21	0.91	0.93	0.54	-0.23	-0.54	0.04	0.38	0.67
Property Plant And Equipment Net	0.22	0.6	0.27	-0.02	0.22		0.38	0.16	-0.45	0.11	0.04	0.26	-0.49	0.06	0.14	0.44	0.2	-0.13	0.21	0.16	-0.15	0.67	0.51	-0.05	0.04	-0.05
Current Deferred Revenue	0.56	0.4	0.67	0.55	0.61	0.38		0.38	0.42	0.48	0.2	0.55	0.46	0.21	0.7	0.15	0.47	0.02	0.49	0.52	0.43	-0.12	-0.33	-0.51	0.76	0.31
Net Debt	0.82	0.48	0.73	0.73	0.68	0.16	0.38		0.2	0.33	-0.01	0.84	0.16	-0.03	0.13	0.68	0.81	0.58	0.89	0.74	0.64	-0.06	-0.2	0.34	0.23	0.15
Retained Earnings	0.47	-0.33	0.52	0.49	0.58	-0.45	0.42	0.2		0.46	0.25	0.44	0.8	0.25	0.57	0.01	0.44	-0.04	0.37	0.47	0.35	-0.9	-0.98	-0.15	0.61	0.47
Accounts Payable	0.73	0.26	0.57	0.69	0.78	0.11	0.48	0.33	0.46		0.54	0.61	0.37	0.54	0.79	0.29	0.69	0.18	0.67	0.79	0.45	-0.1	-0.39	-0.16	0.15	0.82
Cash	0.41	0.17	0.24	0.45	0.48	0.04	0.2	-0.01	0.25	0.54		0.29	0.3	0.99	0.26	-0.01	0.4	-0.05	0.34	0.49	0.38	0.04	-0.26	-0.28	0.1	0.69
Non Current Assets Total	0.96	0.28	0.86	0.76	0.94	0.26	0.55	0.84	0.44	0.61	0.29		0.33	0.3	0.46	0.73	0.92	0.24	0.94	0.85	0.54	-0.16	-0.41	0.21	0.36	0.46
Non Currrent Assets Other	0.35	-0.19	0.27	0.49	0.44	-0.49	0.46	0.16	0.8	0.37	0.3	0.33		0.31	0.38	-0.21	0.32	-0.01	0.26	0.34	0.49	-0.69	-0.78	-0.46	0.51	0.58
Cash And Short Term Investments	0.41	0.14	0.25	0.44	0.5	0.06	0.21	-0.03	0.25	0.54	0.99	0.3	0.31		0.27	0.01	0.41	-0.06	0.33	0.49	0.36	0.04	-0.26	-0.29	0.08	0.71
Net Receivables	0.51	0.05	0.56	0.5	0.62	0.14	0.7	0.13	0.57	0.79	0.26	0.46	0.38	0.27		0.07	0.4	-0.12	0.41	0.51	0.3	-0.27	-0.47	-0.28	0.51	0.48
Non Current Liabilities Total	0.67	0.25	0.61	0.25	0.62	0.44	0.15	0.68	0.01	0.29	-0.01	0.73	-0.21	0.01	0.07		0.7	0.25	0.69	0.56	-0.03	0.17	0.04	0.41	-0.04	0.18
Inventory	0.97	0.37	0.87	0.82	0.94	0.2	0.47	0.81	0.44	0.69	0.4	0.92	0.32	0.41	0.4	0.7		0.41	0.96	0.95	0.59	-0.14	-0.42	0.17	0.24	0.59
Other Current Assets	0.4	0.45	0.33	0.53	0.21	-0.13	0.02	0.58	-0.04	0.18	-0.05	0.24	-0.01	-0.06	-0.12	0.25	0.41		0.52	0.52	0.54	0.04	-0.02	0.27	-0.23	0.13
Total Liab	0.98	0.44	0.87	0.87	0.91	0.21	0.49	0.89	0.37	0.67	0.34	0.94	0.26	0.33	0.41	0.69	0.96	0.52		0.95	0.68	-0.09	-0.36	0.25	0.23	0.5
Total Current Assets	0.96	0.42	0.86	0.89	0.93	0.16	0.52	0.74	0.47	0.79	0.49	0.85	0.34	0.49	0.51	0.56	0.95	0.52	0.95		0.68	-0.15	-0.45	0.1	0.22	0.66
Short Term Debt	0.64	0.44	0.51	0.93	0.54	-0.15	0.43	0.64	0.35	0.45	0.38	0.54	0.49	0.36	0.3	-0.03	0.59	0.54	0.68	0.68		-0.2	-0.41	0.01	0.3	0.36
Common Stock	-0.16	0.52	-0.24	-0.23	-0.23	0.67	-0.12	-0.06	-0.9	-0.1	0.04	-0.16	-0.69	0.04	-0.27	0.17	-0.14	0.04	-0.09	-0.15	-0.2		0.92	-0.01	-0.46	-0.16
Common Stock Shares Outstanding	-0.45	0.36	-0.5	-0.51	-0.54	0.51	-0.33	-0.2	-0.98	-0.39	-0.26	-0.41	-0.78	-0.26	-0.47	0.04	-0.42	-0.02	-0.36	-0.45	-0.41	0.92		0.04	-0.54	-0.42
Intangible Assets	0.16	-0.17	0.18	0.06	0.04	-0.05	-0.51	0.34	-0.15	-0.16	-0.28	0.21	-0.46	-0.29	-0.28	0.41	0.17	0.27	0.25	0.1	0.01	-0.01	0.04		-0.38	-0.35
Good Will	0.3	0.09	0.51	0.34	0.38	0.04	0.76	0.23	0.61	0.15	0.1	0.36	0.51	0.08	0.51	-0.04	0.24	-0.23	0.23	0.22	0.3	-0.46	-0.54	-0.38		-0.01
Short Term Investments	0.59	0.12	0.33	0.54	0.67	-0.05	0.31	0.15	0.47	0.82	0.69	0.46	0.58	0.71	0.48	0.18	0.59	0.13	0.5	0.66	0.36	-0.16	-0.42	-0.35	-0.01

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Health Account Relationship Matchups

Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	73.6M	49.9M	56.1M	8.6M	6.3M	5.9M
Short Long Term Debt Total	22.9M	27.8M	20.2M	21.2M	24.4M	13.8M
Other Current Liab	6.1M	2.3M	2.7M	1.3M	112K	106.4K
Total Current Liabilities	29.2M	23.8M	6.7M	1.3M	112K	106.4K
Total Stockholder Equity	26.4M	20.9M	25.0M	7.3M	6.2M	5.8M
Property Plant And Equipment Net	37.8M	27.3M	25.9M	31.9M	36.6M	21.0M
Net Debt	25.1M	17.5M	17.7M	(3.7M)	(1.3M)	(1.2M)
Retained Earnings	(43.6M)	(52.1M)	(51.5M)	(53.3M)	(54.1M)	(51.4M)
Accounts Payable	7.8M	2.6M	2.3M	2.4M	2.7M	4.3M
Cash	2.7M	2.7M	3.5M	3.7M	1.3M	2.2M
Non Current Assets Total	35.2M	40.6M	29.0M	30.3M	32.6M	0.0
Cash And Short Term Investments	2.7M	2.7M	3.5M	3.7M	1.3M	2.2M
Net Receivables	825K	1.7M	2.2M	4.8M	5.0M	7.5M
Liabilities And Stockholders Equity	73.6M	49.9M	56.1M	8.6M	6.3M	5.9M
Non Current Liabilities Total	18.6M	21.8M	18.0M	5.2M	24.4M	0.0
Inventory	15.7M	27.2M	23.7M	13.7M	16.6M	0.0
Other Current Assets	17.4M	2.2M	1.3M	3K	11K	10.5K
Total Liab	47.2M	29.0M	31.1M	1.3M	112K	106.4K
Total Current Assets	44.6M	19.6M	23.5M	8.6M	6.3M	5.9M
Accumulated Other Comprehensive Income	15.2M	12.4M	15.9M	178K	204.7K	194.5K
Short Term Debt	3.7M	9.4M	17.2M	18.9M	1.6M	0.0
Intangible Assets	2.5M	2.3M	1.7M	1.1M	753K	0.0
Short Term Investments	25K	155K	10K	7K	8.1K	7.6K
Long Term Debt	10.3M	13.4M	10.3M	225K	18.6M	0.0
Long Term Debt Total	10.3M	13.4M	10.6M	1.3M	19.6M	0.0
Property Plant Equipment	32.1M	37.8M	27.3M	25.9M	31.9M	0.0
Other Liab	8.3M	7.4M	3.9M	4.9M	4.4M	5.4M
Net Tangible Assets	24.7M	19.8M	24.3M	7.3M	6.6M	6.2M
Other Stockholder Equity	17.5M	15.2M	12.4M	15.9M	18.3M	15.6M
Net Invested Capital	53.4M	39.6M	45.0M	7.3M	6.2M	5.8M
Short Long Term Debt	9.4M	16.8M	18.4M	1.4M	1.6M	1.5M
Cash And Equivalents	2.7M	2.7M	3.5M	3.7M	3.4M	2.8M
Net Working Capital	15.4M	(4.2M)	16.8M	7.3M	6.2M	9.7M

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