EHealth Non Current Liabilities Total vs Cash Analysis
EHTH Stock | USD 4.53 0.11 2.49% |
EHealth financial indicator trend analysis is much more than just examining eHealth latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether eHealth is a good investment. Please check the relationship between EHealth Non Current Liabilities Total and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.
Non Current Liabilities Total vs Cash
Non Current Liabilities Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of eHealth Non Current Liabilities Total account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EHealth's Non Current Liabilities Total and Cash is -0.06. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Cash in the same time period over historical financial statements of eHealth, assuming nothing else is changed. The correlation between historical values of EHealth's Non Current Liabilities Total and Cash 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 Liabilities Total of eHealth are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Liabilities Total i.e., EHealth's Non Current Liabilities Total and Cash go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Cash
Cash refers to the most liquid asset of eHealth, which is listed under current asset account on eHealth balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EHealth customers. The amounts must be unrestricted with restricted cash listed in a different EHealth account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from EHealth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into eHealth 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 eHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.As of now, EHealth's Tax Provision is decreasing as compared to previous years. The EHealth's current Sales General And Administrative To Revenue is estimated to increase to 0.35, while Selling General Administrative is projected to decrease to under 46.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 536.2M | 403.7M | 431.2M | 218.0M | Total Revenue | 538.2M | 405.4M | 452.9M | 475.5M |
EHealth fundamental ratios Correlations
Click cells to compare fundamentals
EHealth Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EHealth fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 741.6M | 1.0B | 1.1B | 1.1B | 1.3B | 1.4B | |
Total Stockholder Equity | 527.2M | 837.6M | 982.1M | 914.2M | 904.1M | 949.3M | |
Retained Earnings | 271.9M | 316.2M | 193.2M | 73.8M | 7.3M | 6.9M | |
Other Assets | 421.3M | 603.1M | 690.3M | 648.2M | 202.9M | 147.4M | |
Common Stock Shares Outstanding | 24.5M | 27.0M | 26.8M | 27.4M | 28.0M | 21.4M | |
Liabilities And Stockholders Equity | 741.6M | 1.0B | 1.1B | 1.1B | 1.3B | 1.4B | |
Other Stockholder Equity | 255.2M | 521.0M | 555.9M | 577.2M | 598.8M | 628.7M | |
Total Liab | 214.5M | 202.5M | 167.2M | 198.4M | 412.1M | 432.8M | |
Other Current Liab | 81.1M | 42.0M | 3.3M | 15.0M | 64.4M | 67.6M | |
Total Current Liabilities | 113.0M | 84.4M | 75.5M | 60.6M | 78.5M | 40.2M | |
Other Liab | 67.2M | 76.7M | 55.9M | 37.5M | 43.1M | 22.7M | |
Property Plant And Equipment Net | 47.1M | 57.2M | 49.5M | 32.0M | 27.6M | 16.2M | |
Current Deferred Revenue | 2.6M | 308K | 52.8M | 32.4M | (127K) | (120.7K) | |
Net Debt | 15.6M | 2.8M | (40.6M) | (37.6M) | (12.6M) | (13.2M) | |
Accounts Payable | 24.6M | 36.9M | 13.8M | 6.7M | 7.2M | 7.6M | |
Cash | 23.5M | 43.8M | 81.9M | 144.4M | 115.7M | 85.4M | |
Non Current Assets Total | 533.5M | 709.0M | 741.7M | 711.5M | 731.0M | 767.5M | |
Non Currrent Assets Other | 21.4M | 603.1M | 690.3M | 612.6M | (134.4M) | (127.7M) | |
Cash And Short Term Investments | 23.5M | 93.4M | 123.2M | 144.4M | 121.7M | 97.3M | |
Net Receivables | 176.9M | 221.0M | 260.6M | 245.4M | 922.2M | 968.3M | |
Common Stock Total Equity | 35K | 38K | 39K | 40K | 46K | 29.8K | |
Non Current Liabilities Total | 101.5M | 118.1M | 91.7M | 137.8M | 130.7M | 137.3M | |
Other Current Assets | 2.4M | 595K | 922K | 11.3M | (1.0B) | (991.6M) | |
Property Plant And Equipment Gross | 47.1M | 57.2M | 49.5M | 32.0M | 38.8M | 40.7M | |
Total Current Assets | 208.1M | 331.0M | 407.6M | 401.1M | 382.4M | 401.5M | |
Accumulated Other Comprehensive Income | 116K | 350K | 390K | (73K) | (82K) | (77.9K) | |
Short Term Debt | 4.8M | 5.2M | 5.5M | 6.5M | 7.1M | 9.7M | |
Intangible Assets | 10.1M | 8.6M | 1.9M | 31.3M | 23.6M | 24.8M | |
Common Stock | 35K | 38K | 39K | 40K | 41K | 30.5K | |
Property Plant Equipment | 10.5M | 14.6M | 49.5M | 5.5M | 6.3M | 9.4M | |
Short Long Term Debt Total | 39.1M | 46.6M | 41.4M | 106.8M | 103.2M | 53.8M | |
Inventory | 5.5M | 16.1M | 22.9M | 1.0 | 0.9 | 0.86 | |
Net Tangible Assets | 511.2M | 830.1M | 747.6M | 914.2M | 1.1B | 1.1B | |
Retained Earnings Total Equity | 271.9M | 316.2M | 193.2M | 73.8M | 84.9M | 101.3M | |
Capital Surpluse | 455.2M | 721.0M | 755.9M | 777.2M | 893.8M | 472.6M | |
Deferred Long Term Liab | 64.1M | 72.3M | 50.8M | 32.4M | 37.2M | 26.0M |
Pair Trading with EHealth
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 EHealth 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 EHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with EHealth Stock
0.81 | FANH | Fanhua Inc | PairCorr |
Moving against EHealth Stock
0.67 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
0.54 | DIST | Distoken Acquisition | PairCorr |
0.51 | RDZNW | Roadzen Symbol Change | PairCorr |
The ability to find closely correlated positions to EHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EHealth 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 EHealth - 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 eHealth to buy it.
The correlation of EHealth 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 EHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eHealth 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 EHealth 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running EHealth's price analysis, check to measure EHealth'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 EHealth is operating at the current time. Most of EHealth's value examination focuses on studying past and present price action to predict the probability of EHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EHealth's price. Additionally, you may evaluate how the addition of EHealth to your portfolios can decrease your overall portfolio volatility.
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Is EHealth's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EHealth. If investors know EHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.108 | Earnings Share (2.37) | Revenue Per Share 16.165 | Quarterly Revenue Growth 0.262 | Return On Assets (0.02) |
The market value of eHealth is measured differently than its book value, which is the value of EHealth that is recorded on the company's balance sheet. Investors also form their own opinion of EHealth's value that differs from its market value or its book value, called intrinsic value, which is EHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EHealth's market value can be influenced by many factors that don't directly affect EHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if EHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.