Spire Depreciation vs Begin Period Cash Flow Analysis
| SPI Stock | | | 169.40 1.60 0.95% |
Spire Healthcare financial indicator trend analysis is much more than just breaking down Spire Healthcare prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Healthcare is a good investment. Please check the relationship between Spire Healthcare Depreciation and its Begin Period Cash Flow accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Spire 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 industry.
Depreciation vs Begin Period Cash Flow
Depreciation vs Begin Period Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Spire Healthcare Depreciation account and
Begin Period Cash Flow. At this time, the significance of the direction appears to have no relationship.
The correlation between Spire Healthcare's Depreciation and Begin Period Cash Flow is 0.06. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Begin Period Cash Flow in the same time period over historical financial statements of Spire Healthcare Group, assuming nothing else is changed. The correlation between historical values of Spire Healthcare's Depreciation and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Spire Healthcare Group are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Depreciation i.e., Spire Healthcare's Depreciation and Begin Period Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.06 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Spire Healthcare value has been used up. For tax purposes Spire Healthcare can deduct the cost of the tangible assets it purchases as business expenses. However, Spire Healthcare Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Most indicators from Spire Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Spire 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 industry.
At present, Spire Healthcare's
Tax Provision is projected to decrease significantly based on the last few years of reporting.
Spire Healthcare fundamental ratios Correlations
Click cells to compare fundamentals
Spire Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Spire Healthcare fundamental ratios Accounts
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Other Information on Investing in Spire Stock
Balance Sheet is a snapshot of the
financial position of Spire Healthcare at a specified time, usually calculated after every quarter, six months, or one year. Spire Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Spire 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 Spire currently owns. An asset can also be divided into two categories, current and non-current.