Star Net Debt vs Net Tangible Assets Analysis
STARHEALTH | | | 435.30 0.25 0.06% |
Star Health financial indicator trend analysis is much more than just breaking down Star Health prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Star Health is a good investment. Please check the relationship between Star Health Net Debt and its Net Tangible Assets accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Star Health and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
Net Debt vs Net Tangible Assets
Net Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Star Health Net Debt account and
Net Tangible Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Star Health's Net Debt and Net Tangible Assets is 0.17. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Star Health and, assuming nothing else is changed. The correlation between historical values of Star Health's Net Debt and Net Tangible Assets 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 Star Health and are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Star Health's Net Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.17 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
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.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Star Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Star 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Star Health and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
At present, Star Health's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 2.3
B, whereas
Issuance Of Capital Stock is forecasted to decline to about 350.8
M.
Star Health fundamental ratios Correlations
Click cells to compare fundamentals
Star Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Star Health fundamental ratios Accounts
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Other Information on Investing in Star Stock
Balance Sheet is a snapshot of the
financial position of Star Health at a specified time, usually calculated after every quarter, six months, or one year. Star Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Star Health 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 Star currently owns. An asset can also be divided into two categories, current and non-current.