MultiPlan Historical Balance Sheet
| MPLN Stock | USD 10.03 0.98 8.90% |
Trend analysis of MultiPlan balance sheet accounts such as Other Assets of 13.2 M provides information on MultiPlan's total assets, liabilities, and equity, which is the actual value of MultiPlan to its prevalent stockholders. By breaking down trends over time using MultiPlan balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining MultiPlan latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MultiPlan is a good buy for the upcoming year.
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About MultiPlan Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of MultiPlan at a specified time, usually calculated after every quarter, six months, or one year. MultiPlan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MultiPlan 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 MultiPlan currently owns. An asset can also be divided into two categories, current and non-current.
MultiPlan Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on MultiPlan balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MultiPlan are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents MultiPlan obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of MultiPlan are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most accounts from MultiPlan's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MultiPlan current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 MultiPlan. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.At this time, MultiPlan's Capital Lease Obligations is very stable compared to the past year. As of the 24th of October 2024, Other Current Assets is likely to grow to about 37.3 M, while Total Current Liabilities is likely to drop about 137.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Liabilities | 828.0M | 642.0M | 577.8M | 692.9M | Total Current Liabilities | 141.9M | 175.8M | 166.7M | 137.1M |
MultiPlan balance sheet Correlations
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MultiPlan Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MultiPlan balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 85.8M | 112.5M | 141.9M | 175.8M | 166.7M | 137.1M | |
| Other Liab | 869.2M | 1.0B | 828.0M | 642.0M | 577.8M | 692.9M | |
| Net Tangible Assets | (6.2B) | (5.5B) | (5.3B) | (4.9B) | (5.6B) | (5.9B) | |
| Retained Earnings | 637.6M | 107.9M | 225.1M | (347.8M) | (499.3M) | (474.3M) | |
| Accounts Payable | 9.6M | 15.3M | 13.0M | 13.3M | 19.6M | 15.0M | |
| Other Assets | 8.2M | 14.2M | 9.7M | 21.9M | 25.2M | 13.2M | |
| Net Receivables | 77.1M | 63.2M | 99.9M | 78.9M | 76.6M | 87.6M | |
| Total Current Assets | 115.6M | 208.9M | 319.3M | 446.7M | 193.6M | 254.8M | |
| Property Plant Equipment | 47.7M | 51.1M | 243.3M | 51.5M | 59.2M | 91.0M |
Pair Trading with MultiPlan
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 MultiPlan 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 MultiPlan will appreciate offsetting losses from the drop in the long position's value.Moving together with MultiPlan Stock
Moving against MultiPlan Stock
| 0.82 | TFX | Teleflex Incorporated | PairCorr |
| 0.8 | MMSI | Merit Medical Systems | PairCorr |
| 0.7 | DOCS | Doximity | PairCorr |
| 0.62 | EVH | Evolent Health | PairCorr |
| 0.5 | VEEV | Veeva Systems Class | PairCorr |
The ability to find closely correlated positions to MultiPlan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MultiPlan 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 MultiPlan - 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 MultiPlan to buy it.
The correlation of MultiPlan 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 MultiPlan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MultiPlan 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 MultiPlan 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MultiPlan. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Health Care Equipment & Supplies space 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 MultiPlan. If investors know MultiPlan 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 MultiPlan 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 (0.99) | Earnings Share (72.40) | Revenue Per Share 59.002 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0139 |
The market value of MultiPlan is measured differently than its book value, which is the value of MultiPlan that is recorded on the company's balance sheet. Investors also form their own opinion of MultiPlan's value that differs from its market value or its book value, called intrinsic value, which is MultiPlan'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 MultiPlan's market value can be influenced by many factors that don't directly affect MultiPlan'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 MultiPlan's value and its price as these two are different measures arrived at by different means. Investors typically determine if MultiPlan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MultiPlan'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.