Star Net Receivables 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 Receivables 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 Receivables vs Net Tangible Assets

Net Receivables 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 Receivables account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Star Health's Net Receivables and Net Tangible Assets is 0.94. Overlapping area represents the amount of variation of Net Receivables 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 Receivables 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 Receivables 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 Receivables i.e., Star Health's Net Receivables and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

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.

	2022	2023	2024	2025 (projected)
Gross Profit	121.0B	144.5B	161.1B	169.2B
Total Revenue	121.0B	144.5B	161.1B	169.2B

Gross Profit Total Revenue

Star Health fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Current Liab	Retained Earnings	Accounts Payable	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Other Assets	Net Receivables
Total Assets		0.97	0.99	0.84	0.12	0.36	0.92	0.37	0.53	0.87	0.99	1.0	0.14	0.8	0.88	0.96	0.47	-0.21	0.95	0.97	-0.19	0.8	0.93	0.91	0.21	0.91
Total Current Liabilities	0.97		0.93	0.93	0.1	0.34	0.92	0.25	0.46	0.8	0.93	0.98	0.11	0.77	0.81	0.99	0.34	-0.27	0.94	1.0	-0.17	0.74	0.85	0.82	0.07	0.86
Total Stockholder Equity	0.99	0.93		0.77	0.15	0.33	0.9	0.37	0.53	0.86	1.0	0.98	0.11	0.79	0.88	0.93	0.54	-0.14	0.94	0.94	-0.23	0.84	0.94	0.94	0.3	0.9
Property Plant And Equipment Net	0.84	0.93	0.77		0.08	0.23	0.9	0.24	0.29	0.61	0.77	0.86	-0.01	0.62	0.6	0.93	0.03	-0.24	0.87	0.93	-0.22	0.53	0.66	0.63	-0.24	0.71
Net Debt	0.12	0.1	0.15	0.08		-0.85	0.26	0.23	-0.58	0.06	0.16	0.09	-0.84	0.18	-0.01	0.12	0.3	0.69	0.34	0.1	-0.91	0.45	0.1	0.17	0.37	0.2
Cash	0.36	0.34	0.33	0.23	-0.85		0.12	-0.13	0.87	0.43	0.32	0.39	0.92	0.3	0.5	0.3	0.1	-0.73	0.09	0.33	0.79	0.05	0.37	0.32	-0.1	0.26
Non Current Assets Total	0.92	0.92	0.9	0.9	0.26	0.12		0.56	0.25	0.74	0.9	0.92	-0.11	0.7	0.72	0.92	0.29	-0.1	0.96	0.94	-0.38	0.66	0.83	0.8	0.04	0.83
Non Currrent Assets Other	0.37	0.25	0.37	0.24	0.23	-0.13	0.56		-0.01	0.37	0.37	0.35	-0.11	0.28	0.32	0.24	0.11	0.0	0.41	0.32	-0.23	0.09	0.43	0.39	0.03	0.41
Cash And Short Term Investments	0.53	0.46	0.53	0.29	-0.58	0.87	0.25	-0.01		0.6	0.51	0.54	0.82	0.5	0.67	0.43	0.23	-0.58	0.3	0.44	0.58	0.33	0.54	0.52	0.0	0.46
Common Stock Shares Outstanding	0.87	0.8	0.86	0.61	0.06	0.43	0.74	0.37	0.6		0.85	0.88	0.32	0.93	0.99	0.77	0.65	-0.23	0.74	0.79	-0.01	0.71	0.88	0.85	0.34	0.86
Other Stockholder Equity	0.99	0.93	1.0	0.77	0.16	0.32	0.9	0.37	0.51	0.85		0.97	0.08	0.77	0.87	0.93	0.53	-0.11	0.95	0.93	-0.25	0.85	0.94	0.94	0.31	0.9
Total Liab	1.0	0.98	0.98	0.86	0.09	0.39	0.92	0.35	0.54	0.88	0.97		0.18	0.82	0.89	0.97	0.43	-0.26	0.94	0.98	-0.14	0.76	0.91	0.89	0.17	0.9
Total Current Assets	0.14	0.11	0.11	-0.01	-0.84	0.92	-0.11	-0.11	0.82	0.32	0.08	0.18		0.19	0.38	0.06	0.02	-0.77	-0.15	0.1	0.93	-0.16	0.19	0.11	-0.07	0.13
Intangible Assets	0.8	0.77	0.79	0.62	0.18	0.3	0.7	0.28	0.5	0.93	0.77	0.82	0.19		0.91	0.73	0.53	-0.17	0.72	0.75	-0.12	0.73	0.83	0.81	0.2	0.85
Common Stock	0.88	0.81	0.88	0.6	-0.01	0.5	0.72	0.32	0.67	0.99	0.87	0.89	0.38	0.91		0.78	0.65	-0.25	0.74	0.79	0.05	0.72	0.89	0.87	0.35	0.86
Other Current Liab	0.96	0.99	0.93	0.93	0.12	0.3	0.92	0.24	0.43	0.77	0.93	0.97	0.06	0.73	0.78		0.31	-0.19	0.95	0.99	-0.21	0.74	0.84	0.82	0.09	0.87
Retained Earnings	0.47	0.34	0.54	0.03	0.3	0.1	0.29	0.11	0.23	0.65	0.53	0.43	0.02	0.53	0.65	0.31		0.16	0.36	0.32	-0.2	0.67	0.54	0.57	0.84	0.45
Accounts Payable	-0.21	-0.27	-0.14	-0.24	0.69	-0.73	-0.1	0.0	-0.58	-0.23	-0.11	-0.26	-0.77	-0.17	-0.25	-0.19	0.16		0.01	-0.28	-0.72	0.15	-0.17	-0.08	0.3	-0.18
Short Term Investments	0.95	0.94	0.94	0.87	0.34	0.09	0.96	0.41	0.3	0.74	0.95	0.94	-0.15	0.72	0.74	0.95	0.36	0.01		0.95	-0.44	0.8	0.86	0.86	0.15	0.87
Non Current Liabilities Total	0.97	1.0	0.94	0.93	0.1	0.33	0.94	0.32	0.44	0.79	0.93	0.98	0.1	0.75	0.79	0.99	0.32	-0.28	0.95		-0.19	0.72	0.86	0.83	0.06	0.87
Other Current Assets	-0.19	-0.17	-0.23	-0.22	-0.91	0.79	-0.38	-0.23	0.58	-0.01	-0.25	-0.14	0.93	-0.12	0.05	-0.21	-0.2	-0.72	-0.44	-0.19		-0.48	-0.14	-0.22	-0.19	-0.18
Short Long Term Debt Total	0.8	0.74	0.84	0.53	0.45	0.05	0.66	0.09	0.33	0.71	0.85	0.76	-0.16	0.73	0.72	0.74	0.67	0.15	0.8	0.72	-0.48		0.82	0.87	0.51	0.79
Other Liab	0.93	0.85	0.94	0.66	0.1	0.37	0.83	0.43	0.54	0.88	0.94	0.91	0.19	0.83	0.89	0.84	0.54	-0.17	0.86	0.86	-0.14	0.82		0.99	0.34	0.96
Net Tangible Assets	0.91	0.82	0.94	0.63	0.17	0.32	0.8	0.39	0.52	0.85	0.94	0.89	0.11	0.81	0.87	0.82	0.57	-0.08	0.86	0.83	-0.22	0.87	0.99		0.38	0.94
Other Assets	0.21	0.07	0.3	-0.24	0.37	-0.1	0.04	0.03	0.0	0.34	0.31	0.17	-0.07	0.2	0.35	0.09	0.84	0.3	0.15	0.06	-0.19	0.51	0.34	0.38		0.3
Net Receivables	0.91	0.86	0.9	0.71	0.2	0.26	0.83	0.41	0.46	0.86	0.9	0.9	0.13	0.85	0.86	0.87	0.45	-0.18	0.87	0.87	-0.18	0.79	0.96	0.94	0.3

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Star Health Account Relationship Matchups

Star Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	112.3B	152.8B	163.6B	180.5B	207.8B	218.2B
Total Current Liabilities	14.8B	22.3B	20.0B	25.3B	41.2B	43.3B
Total Stockholder Equity	42.2B	64.0B	65.9B	67.3B	71.1B	74.7B
Property Plant And Equipment Net	702.5M	641.9M	686.1M	1.2B	1.8B	1.9B
Net Debt	(16.3B)	1.6B	1.6B	254.2M	(2.0B)	(2.1B)
Cash	18.8B	5.6B	3.1B	4.4B	6.7B	5.9B
Non Current Assets Total	31.1B	53.4B	160.5B	176.1B	207.8B	218.2B
Non Currrent Assets Other	(1.6B)	(53.4B)	106.5B	108.4B	21.0B	21.3B
Cash And Short Term Investments	21.0B	12.1B	3.1B	13.7B	6.6B	7.7B
Common Stock Shares Outstanding	499.2M	558.0M	594.3M	595.5M	594.7M	507.4M
Liabilities And Stockholders Equity	112.3B	152.8B	163.6B	180.5B	207.8B	218.2B
Other Stockholder Equity	36.6B	57.0B	59.8B	60.4B	64.4B	67.6B
Total Liab	70.1B	88.8B	97.7B	113.2B	136.7B	143.6B
Total Current Assets	81.1B	12.1B	3.1B	18.1B	6.7B	6.4B
Intangible Assets	287.2M	529.4M	427.3M	595.5M	684.8M	347.5M
Common Stock	5.5B	5.8B	5.8B	5.9B	5.9B	5.2B
Other Current Liab	14.6B	21.4B	19.0B	24.5B	41.2B	43.3B
Accumulated Other Comprehensive Income	77.0M	1.2B	271.5M	1.1B	65.2B	68.5B
Accounts Payable	173.5M	993.7M	995.4M	727.8M	655.0M	546.5M
Short Term Investments	2.2B	6.5B	7.4B	9.2B	10.6B	11.1B
Non Current Liabilities Total	54.5B	69.7B	77.9B	91.7B	136.7B	143.6B
Other Current Assets	60.1B	(2.9B)	(3.1B)	606.6M	100M	95M
Other Liab	30.5B	51.9B	62.0B	72.7B	83.6B	47.3B
Net Tangible Assets	16.1B	41.9B	63.4B	65.5B	75.3B	38.6B
Other Assets	80K	87.3B	100.2B	(13.7B)	(15.7B)	(14.9B)
Net Receivables	1.8B	2.9B	3.1B	3.8B	4.4B	2.4B
Property Plant Equipment	647.4M	702.5M	641.9M	686.1M	789.0M	713.6M
Net Invested Capital	44.7B	71.2B	70.6B	72.0B	75.8B	58.1B
Long Term Investments	25.9B	44.9B	53.5B	154.9B	185.0B	194.2B
Capital Stock	5.5B	5.8B	5.8B	5.9B	5.9B	6.0B

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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.

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Star Net Receivables vs Net Tangible Assets Analysis

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Net Tangible Assets

Star Health fundamental ratios Correlations

Star Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Star Health fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Other Current Liab	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.91	Net Debt
Cash	- 0.85	Net Debt
Total Current Assets	- 0.84	Net Debt
Accounts Payable	- 0.77	Total Current Assets
Accounts Payable	- 0.73	Cash
Other Current Assets	- 0.72	Accounts Payable