Spire Net Income vs Investments 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 Net Income and its Investments 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.

Net Income vs Investments

Net Income vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Healthcare Net Income account and Investments. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Spire Healthcare's Net Income and Investments is -0.31. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Investments 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 Net Income and Investments 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 Income of Spire Healthcare Group are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Net Income i.e., Spire Healthcare's Net Income and Investments go up and down completely randomly.

Correlation Coefficient

-0.31

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Spire Healthcare financial statement analysis. It represents the amount of money remaining after all of Spire Healthcare Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

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.

	2022	2023	2024	2025 (projected)
Interest Expense	91.5M	93M	98.4M	73.3M
Depreciation And Amortization	97.9M	103.6M	112.2M	81.0M

Interest Expense Depreciation And Amortization

Spire Healthcare fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.57	0.69	-0.08	-0.21	0.28	0.98	0.57	0.39	0.12	0.99	0.22	0.21	0.12	0.09	-0.42	0.63	0.58	0.47	-0.42	-0.38	0.55	0.73	-0.03	-0.29	-0.49
Short Long Term Debt Total	0.57		0.58	0.34	-0.9	0.75	0.48	1.0	-0.27	0.41	0.53	0.89	0.8	0.41	0.14	0.03	-0.03	0.91	-0.17	-0.6	-0.82	0.99	0.27	0.12	0.23	0.04
Other Current Liab	0.69	0.58		0.2	-0.37	0.26	0.69	0.57	0.33	0.45	0.61	0.4	0.21	0.46	0.38	-0.65	0.32	0.62	0.55	-0.57	-0.32	0.58	0.81	0.51	-0.06	-0.58
Total Current Liabilities	-0.08	0.34	0.2		-0.37	-0.19	-0.1	0.33	-0.02	0.22	-0.15	0.39	-0.03	0.22	0.28	-0.16	-0.66	0.03	0.14	-0.14	0.11	0.27	0.09	0.37	0.96	-0.19
Total Stockholder Equity	-0.21	-0.9	-0.37	-0.37		-0.83	-0.1	-0.9	0.52	-0.39	-0.17	-0.99	-0.91	-0.39	-0.16	-0.22	0.26	-0.84	0.44	0.49	0.85	-0.92	0.04	-0.16	-0.34	-0.21
Other Liab	0.28	0.75	0.26	-0.19	-0.83		0.18	0.75	-0.5	0.24	0.29	0.82	0.97	0.24	-0.05	0.35	0.15	0.87	-0.53	-0.36	-0.97	0.81	-0.06	-0.09	-0.21	0.31
Property Plant And Equipment Net	0.98	0.48	0.69	-0.1	-0.1	0.18		0.49	0.48	0.08	0.97	0.12	0.08	0.09	0.08	-0.53	0.66	0.5	0.57	-0.36	-0.28	0.46	0.78	-0.05	-0.31	-0.51
Net Debt	0.57	1.0	0.57	0.33	-0.9	0.75	0.49		-0.25	0.34	0.55	0.89	0.8	0.34	0.15	0.05	-0.02	0.91	-0.16	-0.59	-0.82	0.99	0.27	0.06	0.23	0.02
Accounts Payable	0.39	-0.27	0.33	-0.02	0.52	-0.5	0.48	-0.25		-0.4	0.4	-0.46	-0.6	-0.39	0.38	-0.59	0.4	-0.2	0.88	0.12	0.45	-0.28	0.72	-0.07	-0.19	-0.76
Cash	0.12	0.41	0.45	0.22	-0.39	0.24	0.08	0.34	-0.4		0.0	0.36	0.29	1.0	-0.08	-0.25	-0.16	0.39	-0.1	-0.4	-0.26	0.39	0.11	0.82	0.16	0.21
Non Current Assets Total	0.99	0.53	0.61	-0.15	-0.17	0.29	0.97	0.55	0.4	0.0		0.19	0.21	0.0	0.04	-0.35	0.67	0.55	0.43	-0.37	-0.38	0.52	0.68	-0.17	-0.33	-0.45
Other Assets	0.22	0.89	0.4	0.39	-0.99	0.82	0.12	0.89	-0.46	0.36	0.19		0.88	0.36	0.18	0.16	-0.24	0.84	-0.39	-0.47	-0.83	0.91	0.01	0.16	0.34	0.15
Long Term Debt	0.21	0.8	0.21	-0.03	-0.91	0.97	0.08	0.8	-0.6	0.29	0.21	0.88		0.29	0.0	0.41	-0.04	0.85	-0.61	-0.41	-0.96	0.84	-0.17	-0.03	-0.03	0.37
Cash And Short Term Investments	0.12	0.41	0.46	0.22	-0.39	0.24	0.09	0.34	-0.39	1.0	0.0	0.36	0.29		-0.08	-0.26	-0.16	0.39	-0.09	-0.4	-0.26	0.39	0.12	0.83	0.16	0.2
Net Receivables	0.09	0.14	0.38	0.28	-0.16	-0.05	0.08	0.15	0.38	-0.08	0.04	0.18	0.0	-0.08		-0.33	-0.26	0.15	0.37	-0.03	-0.04	0.15	0.4	0.27	0.15	-0.57
Good Will	-0.42	0.03	-0.65	-0.16	-0.22	0.35	-0.53	0.05	-0.59	-0.25	-0.35	0.16	0.41	-0.26	-0.33		-0.33	0.0	-0.8	0.06	-0.28	0.06	-0.72	-0.49	0.04	0.7
Common Stock Shares Outstanding	0.63	-0.03	0.32	-0.66	0.26	0.15	0.66	-0.02	0.4	-0.16	0.67	-0.24	-0.04	-0.16	-0.26	-0.33		0.2	0.4	0.04	-0.11	0.01	0.5	-0.23	-0.78	-0.36
Non Current Liabilities Total	0.58	0.91	0.62	0.03	-0.84	0.87	0.5	0.91	-0.2	0.39	0.55	0.84	0.85	0.39	0.15	0.0	0.2		-0.15	-0.53	-0.9	0.94	0.34	0.12	-0.09	0.01
Inventory	0.47	-0.17	0.55	0.14	0.44	-0.53	0.57	-0.16	0.88	-0.1	0.43	-0.39	-0.61	-0.09	0.37	-0.8	0.4	-0.15		0.11	0.47	-0.19	0.85	0.22	-0.06	-0.85
Other Current Assets	-0.42	-0.6	-0.57	-0.14	0.49	-0.36	-0.36	-0.59	0.12	-0.4	-0.37	-0.47	-0.41	-0.4	-0.03	0.06	0.04	-0.53	0.11		0.41	-0.58	-0.17	-0.23	-0.03	-0.03
Other Stockholder Equity	-0.38	-0.82	-0.32	0.11	0.85	-0.97	-0.28	-0.82	0.45	-0.26	-0.38	-0.83	-0.96	-0.26	-0.04	-0.28	-0.11	-0.9	0.47	0.41		-0.87	-0.01	0.08	0.15	-0.25
Total Liab	0.55	0.99	0.58	0.27	-0.92	0.81	0.46	0.99	-0.28	0.39	0.52	0.91	0.84	0.39	0.15	0.06	0.01	0.94	-0.19	-0.58	-0.87		0.26	0.1	0.16	0.05
Property Plant And Equipment Gross	0.73	0.27	0.81	0.09	0.04	-0.06	0.78	0.27	0.72	0.11	0.68	0.01	-0.17	0.12	0.4	-0.72	0.5	0.34	0.85	-0.17	-0.01	0.26		0.26	-0.16	-0.75
Total Current Assets	-0.03	0.12	0.51	0.37	-0.16	-0.09	-0.05	0.06	-0.07	0.82	-0.17	0.16	-0.03	0.83	0.27	-0.49	-0.23	0.12	0.22	-0.23	0.08	0.1	0.26		0.26	-0.21
Short Term Debt	-0.29	0.23	-0.06	0.96	-0.34	-0.21	-0.31	0.23	-0.19	0.16	-0.33	0.34	-0.03	0.16	0.15	0.04	-0.78	-0.09	-0.06	-0.03	0.15	0.16	-0.16	0.26		0.03
Intangible Assets	-0.49	0.04	-0.58	-0.19	-0.21	0.31	-0.51	0.02	-0.76	0.21	-0.45	0.15	0.37	0.2	-0.57	0.7	-0.36	0.01	-0.85	-0.03	-0.25	0.05	-0.75	-0.21	0.03

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Spire Healthcare Account Relationship Matchups

Spire Healthcare fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.1B	2.2B	2.2B	2.3B	2.3B	2.2B
Short Long Term Debt Total	1.2B	1.3B	1.2B	1.3B	1.3B	931.2M
Other Current Liab	114.3M	151.7M	117.5M	139.2M	132.9M	99.1M
Total Current Liabilities	253.9M	302.1M	283.4M	317.6M	341.7M	284.2M
Total Stockholder Equity	706.6M	709.6M	731M	739.9M	748.4M	662.0M
Other Liab	51.4M	53.9M	57.7M	56.2M	50.6M	65.2M
Property Plant And Equipment Net	1.5B	1.6B	1.6B	1.6B	1.7B	1.5B
Net Debt	1.1B	1.1B	1.1B	1.2B	1.2B	861.8M
Accounts Payable	58M	51.7M	67.2M	63.9M	84.9M	58.6M
Cash	106.3M	202.6M	74.2M	49.6M	41.2M	69.3M
Non Current Assets Total	1.9B	1.9B	1.9B	2.1B	2.1B	2.0B
Long Term Debt	418.6M	421.8M	321.4M	361.9M	363.5M	554.4M
Cash And Short Term Investments	106.3M	202.6M	74.2M	49.6M	43.7M	69.5M
Net Receivables	61.4M	83.1M	80.8M	99.7M	105.3M	90.3M
Good Will	317.8M	334.8M	345.8M	411.1M	411.6M	370.1M
Common Stock Shares Outstanding	400.8M	400.8M	412.0M	413.1M	411.4M	426.1M
Liabilities And Stockholders Equity	2.1B	2.2B	2.2B	2.3B	2.3B	2.2B
Non Current Liabilities Total	1.1B	1.2B	1.2B	1.2B	1.3B	861.2M
Inventory	37.6M	40.2M	40.6M	44.3M	46.6M	36.1M
Other Current Assets	23.1M	23.2M	19.3M	27M	29.7M	29.7M
Total Liab	1.4B	1.5B	1.4B	1.6B	1.6B	1.1B
Property Plant And Equipment Gross	1.5B	2.3B	2.4B	2.5B	2.6B	1.7B
Total Current Assets	250.1M	346.8M	218.9M	220.6M	225.3M	254.6M
Short Term Debt	81.4M	92.5M	95.7M	101.8M	105.4M	87.5M
Intangible Assets	317.8M	334.8M	345.8M	27.2M	25.8M	24.5M
Property Plant Equipment	1.6B	1.5B	1.6B	1.6B	1.8B	1.4B
Net Tangible Assets	422.1M	388.8M	374.8M	385.2M	443.0M	350.1M
Retained Earnings	(496.4M)	(496.1M)	(485.7M)	(472.8M)	(462.9M)	(486.0M)
Non Currrent Assets Other	(1.9B)	4.8M	1.1M	10.4M	16.7M	17.5M
Short Long Term Debt	2.2M	5.7M	2.9M	3.4M	3.6M	3.4M
Net Invested Capital	1.1B	1.1B	1.1B	1.1B	1.1B	996.7M
Net Working Capital	(3.8M)	44.7M	(63.4M)	(97M)	(116.4M)	(110.6M)
Capital Lease Obligations	749.5M	837.8M	866.5M	891.7M	912.8M	917.3M

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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.

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Spire Net Income vs Investments Analysis

Net Income vs Investments

Net Income vs Investments Correlation Analysis

Correlation Coefficient

Net Income

Investments

Spire Healthcare fundamental ratios Correlations

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

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Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Net Debt
Property Plant And Equipment Net	+ 0.98	Total Assets

Other Assets	- 0.99	Total Stockholder Equity
Other Stockholder Equity	- 0.97	Other Liab
Other Stockholder Equity	- 0.96	Long Term Debt
Total Liab	- 0.92	Total Stockholder Equity
Long Term Debt	- 0.91	Total Stockholder Equity
Other Stockholder Equity	- 0.9	Non Current Liabilities Total