Inspiration Intangible Assets vs Accounts Payable Analysis

IHC Stock   20.25  0.00  0.00%   
Inspiration Healthcare financial indicator trend analysis is infinitely more than just investigating Inspiration Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Inspiration Healthcare is a good investment. Please check the relationship between Inspiration Healthcare Intangible Assets and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Intangible Assets vs Accounts Payable

Intangible Assets vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Inspiration Healthcare Intangible Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Inspiration Healthcare's Intangible Assets and Accounts Payable is 0.68. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Inspiration Healthcare Group, assuming nothing else is changed. The correlation between historical values of Inspiration Healthcare's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Inspiration Healthcare Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., Inspiration Healthcare's Intangible Assets and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Accounts Payable

An accounting item on the balance sheet that represents Inspiration Healthcare 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 Inspiration Healthcare 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 indicators from Inspiration Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Inspiration Healthcare 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inspiration Healthcare Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
The current year's Issuance Of Capital Stock is expected to grow to about 3.8 M, whereas Selling General Administrative is forecasted to decline to about 2.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit20.2M17.6M17.9M16.4M
Total Revenue41.1M41.2M37.6M38.3M

Inspiration Healthcare fundamental ratios Correlations

0.880.830.940.980.940.40.560.560.90.990.950.080.940.910.920.810.940.910.980.560.890.920.540.660.7
0.880.660.910.770.980.110.880.470.910.870.92-0.260.870.990.950.90.970.990.860.820.630.850.30.920.5
0.830.660.880.790.670.260.280.560.880.730.810.430.880.720.80.60.810.660.90.340.720.920.320.50.38
0.940.910.880.850.90.240.640.610.990.880.950.150.980.930.950.830.980.910.970.670.730.990.320.780.51
0.980.770.790.850.870.510.40.540.810.980.880.140.870.80.830.710.840.820.940.420.950.850.630.490.77
0.940.980.670.90.870.280.790.510.890.950.94-0.220.880.970.940.870.960.990.90.740.740.850.410.820.63
0.40.110.260.240.510.28-0.130.390.210.440.280.310.30.120.210.00.180.190.34-0.090.460.270.31-0.110.43
0.560.880.280.640.40.79-0.130.290.670.580.66-0.530.580.830.740.730.760.850.520.910.230.540.00.950.21
0.560.470.560.610.540.510.390.290.60.520.590.320.680.450.510.280.540.490.570.460.380.65-0.220.350.29
0.90.910.880.990.810.890.210.670.60.840.960.110.980.920.940.820.970.90.940.670.680.980.260.80.47
0.990.870.730.880.980.950.440.580.520.840.92-0.020.880.890.90.790.90.910.940.570.90.850.590.630.75
0.950.920.810.950.880.940.280.660.590.960.92-0.010.960.930.90.870.960.930.950.650.790.940.380.740.67
0.08-0.260.430.150.14-0.220.31-0.530.320.11-0.02-0.010.18-0.2-0.01-0.24-0.04-0.240.17-0.230.190.250.0-0.3-0.03
0.940.870.880.980.870.880.30.580.680.980.880.960.180.890.90.810.950.880.960.60.750.990.310.710.56
0.910.990.720.930.80.970.120.830.450.920.890.93-0.20.890.970.90.980.990.90.770.670.880.350.90.5
0.920.950.80.950.830.940.210.740.510.940.90.9-0.010.90.970.80.980.950.930.740.680.910.330.860.43
0.810.90.60.830.710.870.00.730.280.820.790.87-0.240.810.90.80.880.890.80.650.670.80.430.790.61
0.940.970.810.980.840.960.180.760.540.970.90.96-0.040.950.980.980.880.970.950.730.710.950.340.860.52
0.910.990.660.910.820.990.190.850.490.90.910.93-0.240.880.990.950.890.970.880.790.680.850.350.890.56
0.980.860.90.970.940.90.340.520.570.940.940.950.170.960.90.930.80.950.880.530.860.970.480.660.62
0.560.820.340.670.420.74-0.090.910.460.670.570.65-0.230.60.770.740.650.730.790.530.270.58-0.080.910.25
0.890.630.720.730.950.740.460.230.380.680.90.790.190.750.670.680.670.710.680.860.270.750.770.320.88
0.920.850.920.990.850.850.270.540.650.980.850.940.250.990.880.910.80.950.850.970.580.750.320.70.52
0.540.30.320.320.630.410.310.0-0.220.260.590.380.00.310.350.330.430.340.350.48-0.080.770.320.030.72
0.660.920.50.780.490.82-0.110.950.350.80.630.74-0.30.710.90.860.790.860.890.660.910.320.70.030.19
0.70.50.380.510.770.630.430.210.290.470.750.67-0.030.560.50.430.610.520.560.620.250.880.520.720.19
Click cells to compare fundamentals

Inspiration Healthcare Account Relationship Matchups

Inspiration Healthcare fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets16.5M43.2M50.1M54.9M49.0M41.1M
Short Long Term Debt Total3.2M7.5M13.1M12.8M15.0M5K
Other Current Liab1.6M3.4M2.7M1.5M2.2M3.1M
Total Current Liabilities4.5M7.7M7.7M9.2M9.6M11.8M
Total Stockholder Equity10.5M31.6M35.5M35.5M29.0M16.6M
Property Plant And Equipment Net1.0M4.0M9.2M13.5M12.7M10.6M
Current Deferred Revenue533K524K531K625K(166K)(157.7K)
Net Debt(3.9M)(7.5M)(1.7M)10.8M12.4M14.2M
Retained Earnings3.1M5.8M9.6M9.4M19.1M4.2M
Accounts Payable2.3M3.1M3.5M4.1M4.4M5.7M
Non Current Assets Total4.7M19.2M25.1M30.8M26.0M15.9M
Net Receivables4.2M5.2M9.3M10.7M8.1M10.1M
Common Stock Shares Outstanding34.0M55.5M68.8M68.8M68.2M79.5M
Liabilities And Stockholders Equity16.5M43.2M50.1M54.9M49.0M41.1M
Non Current Liabilities Total1.4M3.9M6.9M10.2M10.5M12.6M
Inventory3.1M8.2M6.4M9.9M13.7M13.1M
Other Current Assets196K411K879K1.1M607K1.3M
Total Liab5.9M11.7M14.6M19.4M20.0M24.4M
Property Plant And Equipment Gross1.0M4.0M9.2M15.4M15.0M14.7M
Total Current Assets11.8M24.0M25.0M24.1M23.0M25.2M
Short Term Debt(477K)(1.4M)2.9M2.4M2.6M5K
Intangible Assets3.7M15.2M15.8M17.0M5.3M5.0M
Accumulated Other Comprehensive Income119K130K278K405K280K(423.2K)
Property Plant Equipment1.0M4.0M9.2M13.5M26.5K25.1K
Cash4.5M10.7M9.3M2.3M412K733K
Non Currrent Assets Other(2.0M)(8.6M)(21.7M)(25.3M)1.8M(181.6K)
Cash And Short Term Investments4.5M10.7M9.3M2.3M609K733K
Other Liab969K1.1M1.9M5K5.8K5.5K
Other Assets1.2M1.1M1.0324K26.5K25.1K
Net Tangible Assets8.0M17.8M21.5M18.5M21.2M22.3M
Deferred Long Term Liab1.2M1.1M1.4M3.3M3.8M4.0M
Capital Lease Obligations3.2M7.5M7.0M6.2M5.9M4.2M

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Other Information on Investing in Inspiration Stock

Balance Sheet is a snapshot of the financial position of Inspiration Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Inspiration Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Inspiration Healthcare 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 Inspiration currently owns. An asset can also be divided into two categories, current and non-current.