ModivCare Long Term Investments vs Short Term Debt Analysis

MODV Stock

USD 16.84 0.24 1.41%

ModivCare financial indicator trend analysis is infinitely more than just investigating ModivCare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ModivCare is a good investment. Please check the relationship between ModivCare Long Term Investments and its Short Term Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ModivCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy ModivCare Stock please use our How to Invest in ModivCare guide.

Long Term Investments vs Short Term Debt

Long Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ModivCare Long Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between ModivCare's Long Term Investments and Short Term Debt is -0.42. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of ModivCare, assuming nothing else is changed. The correlation between historical values of ModivCare's Long Term Investments and Short Term 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 Long Term Investments of ModivCare are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Investments i.e., ModivCare's Long Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of ModivCare balance sheet that represents investments ModivCare intends to hold for over a year. ModivCare long term investments may include different instruments such as stocks, bonds, real estate and cash.

Short Term Debt

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

For more information on how to buy ModivCare Stock please use our How to Invest in ModivCare guide.Enterprise Value is likely to climb to about 1.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 289.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	412.6M	472.3M	342.7M	359.8M
Total Revenue	2.0B	2.5B	2.8B	2.9B

Gross Profit Total Revenue

ModivCare fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Other Current Assets	Total Liab	Preferred Stock Total Equity	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding
Total Assets		0.93	0.98	0.36	0.7	0.12	0.15	0.94	0.97	0.4	0.98	0.41	-0.74	0.95	0.67	0.88	0.93	0.94	0.9	0.27	0.99	0.71	0.12	0.88	0.69	0.46
Other Current Liab	0.93		0.92	0.4	0.52	0.15	0.09	0.86	0.93	0.39	0.9	0.4	-0.7	0.87	0.65	0.83	0.84	0.85	0.81	0.34	0.94	0.57	0.15	0.75	0.66	0.47
Total Current Liabilities	0.98	0.92		0.29	0.76	0.08	0.13	0.94	0.95	0.35	0.98	0.4	-0.68	0.92	0.66	0.94	0.94	0.97	0.92	0.16	0.97	0.8	0.08	0.91	0.68	0.49
Total Stockholder Equity	0.36	0.4	0.29		0.06	0.38	0.34	0.04	0.23	0.59	0.16	0.48	-0.63	0.23	0.65	0.11	0.01	0.21	-0.04	0.9	0.31	-0.12	0.38	0.3	0.65	0.54
Accounts Payable	0.7	0.52	0.76	0.06		-0.22	0.13	0.72	0.68	0.21	0.73	0.22	-0.37	0.66	0.44	0.83	0.74	0.81	0.76	-0.14	0.7	0.9	-0.22	0.81	0.46	0.37
Cash	0.12	0.15	0.08	0.38	-0.22		0.27	-0.05	-0.02	0.35	0.04	-0.16	0.09	0.24	0.25	-0.2	-0.06	-0.1	-0.19	0.3	0.06	-0.23	1.0	-0.18	0.24	0.38
Other Assets	0.15	0.09	0.13	0.34	0.13	0.27		0.02	0.06	0.1	0.09	0.19	0.08	0.26	0.16	0.04	0.01	0.08	-0.02	0.11	0.12	0.02	0.27	0.12	0.16	0.32
Long Term Debt	0.94	0.86	0.94	0.04	0.72	-0.05	0.02		0.97	0.2	0.99	0.28	-0.6	0.93	0.48	0.91	1.0	0.93	0.99	-0.01	0.96	0.79	-0.05	0.84	0.5	0.28
Good Will	0.97	0.93	0.95	0.23	0.68	-0.02	0.06	0.97		0.31	0.98	0.37	-0.7	0.93	0.58	0.89	0.95	0.92	0.94	0.19	0.99	0.7	-0.02	0.83	0.6	0.34
Other Current Assets	0.4	0.39	0.35	0.59	0.21	0.35	0.1	0.2	0.31		0.29	0.19	-0.35	0.38	0.54	0.17	0.18	0.19	0.13	0.48	0.36	0.08	0.35	0.23	0.54	0.52
Total Liab	0.98	0.9	0.98	0.16	0.73	0.04	0.09	0.99	0.98	0.29		0.33	-0.64	0.95	0.56	0.91	0.99	0.95	0.97	0.08	0.98	0.78	0.04	0.87	0.58	0.37
Preferred Stock Total Equity	0.41	0.4	0.4	0.48	0.22	-0.16	0.19	0.28	0.37	0.19	0.33		-0.61	0.24	0.51	0.39	0.27	0.45	0.29	0.4	0.39	0.24	-0.16	0.55	0.52	0.36
Treasury Stock	-0.74	-0.7	-0.68	-0.63	-0.37	0.09	0.08	-0.6	-0.7	-0.35	-0.64	-0.61		-0.54	-0.68	-0.59	-0.58	-0.69	-0.58	-0.66	-0.73	-0.32	0.09	-0.75	-0.69	-0.28
Intangible Assets	0.95	0.87	0.92	0.23	0.66	0.24	0.26	0.93	0.93	0.38	0.95	0.24	-0.54		0.54	0.79	0.92	0.84	0.87	0.14	0.95	0.65	0.24	0.74	0.55	0.38
Common Stock	0.67	0.65	0.66	0.65	0.44	0.25	0.16	0.48	0.58	0.54	0.56	0.51	-0.68	0.54		0.55	0.47	0.62	0.43	0.44	0.62	0.46	0.25	0.68	1.0	0.83
Property Plant Equipment	0.88	0.83	0.94	0.11	0.83	-0.2	0.04	0.91	0.89	0.17	0.91	0.39	-0.59	0.79	0.55		0.91	0.97	0.92	-0.03	0.89	0.9	-0.2	0.92	0.58	0.42
Short Long Term Debt Total	0.93	0.84	0.94	0.01	0.74	-0.06	0.01	1.0	0.95	0.18	0.99	0.27	-0.58	0.92	0.47	0.91		0.93	0.99	-0.06	0.95	0.82	-0.06	0.85	0.49	0.27
Property Plant And Equipment Net	0.94	0.85	0.97	0.21	0.81	-0.1	0.08	0.93	0.92	0.19	0.95	0.45	-0.69	0.84	0.62	0.97	0.93		0.93	0.07	0.93	0.86	-0.1	0.96	0.65	0.44
Net Debt	0.9	0.81	0.92	-0.04	0.76	-0.19	-0.02	0.99	0.94	0.13	0.97	0.29	-0.58	0.87	0.43	0.92	0.99	0.93		-0.09	0.93	0.83	-0.19	0.86	0.46	0.22
Retained Earnings	0.27	0.34	0.16	0.9	-0.14	0.3	0.11	-0.01	0.19	0.48	0.08	0.4	-0.66	0.14	0.44	-0.03	-0.06	0.07	-0.09		0.24	-0.35	0.3	0.13	0.43	0.18
Non Current Assets Total	0.99	0.94	0.97	0.31	0.7	0.06	0.12	0.96	0.99	0.36	0.98	0.39	-0.73	0.95	0.62	0.89	0.95	0.93	0.93	0.24		0.7	0.06	0.86	0.64	0.39
Non Currrent Assets Other	0.71	0.57	0.8	-0.12	0.9	-0.23	0.02	0.79	0.7	0.08	0.78	0.24	-0.32	0.65	0.46	0.9	0.82	0.86	0.83	-0.35	0.7		-0.23	0.84	0.49	0.46
Cash And Short Term Investments	0.12	0.15	0.08	0.38	-0.22	1.0	0.27	-0.05	-0.02	0.35	0.04	-0.16	0.09	0.24	0.25	-0.2	-0.06	-0.1	-0.19	0.3	0.06	-0.23		-0.18	0.24	0.37
Net Receivables	0.88	0.75	0.91	0.3	0.81	-0.18	0.12	0.84	0.83	0.23	0.87	0.55	-0.75	0.74	0.68	0.92	0.85	0.96	0.86	0.13	0.86	0.84	-0.18		0.7	0.49
Common Stock Total Equity	0.69	0.66	0.68	0.65	0.46	0.24	0.16	0.5	0.6	0.54	0.58	0.52	-0.69	0.55	1.0	0.58	0.49	0.65	0.46	0.43	0.64	0.49	0.24	0.7		0.84
Common Stock Shares Outstanding	0.46	0.47	0.49	0.54	0.37	0.38	0.32	0.28	0.34	0.52	0.37	0.36	-0.28	0.38	0.83	0.42	0.27	0.44	0.22	0.18	0.39	0.46	0.37	0.49	0.84

Click cells to compare fundamentals

ModivCare Account Relationship Matchups

ModivCare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	597.4M	1.4B	2.0B	1.9B	1.8B	1.9B
Other Current Liab	117.4M	192.8M	495.8M	369.8M	284.8M	299.0M
Total Current Liabilities	150.2M	324.8M	527.2M	491.6M	520.4M	546.4M
Total Stockholder Equity	394.7M	411.6M	373.3M	354.6M	156.2M	207.0M
Accounts Payable	9.8M	8.5M	8.7M	55.0M	55.2M	58.0M
Cash	61.4M	183.3M	133.1M	14.5M	2.8M	2.6M
Other Assets	11.6M	181.2M	22.2M	40.2M	46.2M	51.9M
Long Term Debt	45K	486.0M	975.2M	979.4M	983.8M	1.0B
Other Current Assets	14.5M	44.6M	43.6M	37.4M	21.5M	21.9M
Total Liab	202.7M	1.0B	1.7B	1.6B	1.6B	1.7B
Treasury Stock	(210.9M)	(217.7M)	(228.1M)	(269.0M)	(242.1M)	(230.0M)
Intangible Assets	19.9M	345.7M	490.2M	439.4M	360.9M	379.0M
Property Plant Equipment	23.2M	27.5M	97.3M	108.5M	124.8M	131.1M
Short Long Term Debt Total	21.6M	517.7M	1.0B	1.0B	1.1B	1.2B
Property Plant And Equipment Net	43.3M	58.5M	97.3M	108.5M	125.4M	131.7M
Net Debt	(39.8M)	334.5M	886.5M	1.0B	1.1B	1.2B
Retained Earnings	183.7M	218.4M	211.8M	180.0M	(24.4M)	(23.2M)
Non Current Assets Total	341.0M	999.3M	1.6B	1.6B	1.4B	1.4B
Non Currrent Assets Other	11.6M	12.8M	22.2M	40.2M	54.4M	57.2M
Cash And Short Term Investments	61.4M	183.3M	133.1M	14.5M	2.8M	2.6M
Net Receivables	180.4M	197.9M	233.1M	294.3M	375.1M	393.9M
Common Stock Shares Outstanding	13.0M	13.7M	14.1M	14.1M	14.2M	13.6M
Liabilities And Stockholders Equity	597.4M	1.4B	2.0B	1.9B	1.8B	1.9B
Non Current Liabilities Total	52.5M	689.6M	1.1B	1.1B	1.1B	1.1B
Inventory	155K	758K	1.5M	2.0M	2.3M	4.1M
Other Stockholder Equity	133.9M	193.2M	161.4M	174.5M	180.6M	163.3M
Property Plant And Equipment Gross	43.3M	58.5M	53.5M	108.5M	202.2M	212.3M
Total Current Assets	256.4M	426.6M	409.8M	346.2M	399.4M	236.5M
Short Term Debt	7.0M	8.3M	9.9M	9.6M	122.5M	128.7M
Current Deferred Revenue	15.9M	104.6M	4.2M	2.2M	2.6M	2.5M
Other Liab	37.9M	180.1M	117.2M	86.7M	99.7M	59.0M
Net Tangible Assets	239.6M	411.6M	(1.0B)	307.1M	353.2M	370.9M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for ModivCare Stock Analysis

When running ModivCare's price analysis, check to measure ModivCare'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 ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC