Devonian Long Term Debt vs Total Current Assets Analysis

GSD Stock

CAD 0.20 0.02 9.09%

Devonian Health financial indicator trend analysis is much more than just examining Devonian Health Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devonian Health Group is a good investment. Please check the relationship between Devonian Health Long Term Debt and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Devonian Health 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 board of governors.

Long Term Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Devonian Health's Long Term Debt and Total Current Assets is -0.12. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Devonian Health Group, assuming nothing else is changed. The correlation between historical values of Devonian Health's Long Term Debt and Total Current 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 Long Term Debt of Devonian Health Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., Devonian Health's Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Debt

Long-term debt is a debt that Devonian Health Group has held for over one year. Long-term debt appears on Devonian Health Group balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Devonian Health Group balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from Devonian Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devonian Health Group 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 Devonian Health 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 board of governors.

Selling General Administrative is likely to drop to about 2.4 M in 2024. Tax Provision is likely to climb to about (355.3 K) in 2024

Devonian Health fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Inventory	Deferred Long Term Liab	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.74	0.98	0.86	0.42	-0.87	0.77	0.66	-0.32	-0.18	0.76	-0.84	0.8	0.93	0.34	0.76	-0.06	0.71	0.95	-0.92	0.97	0.92	0.78	-0.3	0.74	0.85
Total Current Liabilities	0.74		0.73	0.53	0.59	-0.86	0.68	0.88	-0.24	-0.03	0.87	-0.61	0.88	0.69	0.71	0.76	0.02	0.54	0.76	-0.83	0.71	0.83	0.64	-0.72	0.77	0.75
Total Stockholder Equity	0.98	0.73		0.84	0.54	-0.87	0.69	0.72	-0.3	-0.19	0.75	-0.8	0.84	0.85	0.37	0.83	-0.06	0.62	0.96	-0.91	0.91	0.87	0.79	-0.29	0.8	0.91
Other Liab	0.86	0.53	0.84		0.28	-0.64	0.63	0.47	-0.61	0.04	0.6	-0.61	0.53	0.82	-0.05	0.53	-0.43	0.62	0.77	-0.69	0.87	0.7	0.59	-0.11	0.51	0.6
Net Tangible Assets	0.42	0.59	0.54	0.28		-0.59	0.03	0.89	-0.19	-0.06	0.46	-0.26	0.8	0.14	0.55	0.88	-0.07	-0.09	0.5	-0.5	0.23	0.32	0.37	-0.62	0.71	0.69
Retained Earnings	-0.87	-0.86	-0.87	-0.64	-0.59		-0.68	-0.82	0.27	0.02	-0.68	0.72	-0.89	-0.79	-0.55	-0.86	0.01	-0.45	-0.94	0.98	-0.8	-0.89	-0.59	0.49	-0.9	-0.86
Accounts Payable	0.77	0.68	0.69	0.63	0.03	-0.68		0.39	-0.25	-0.02	0.64	-0.66	0.55	0.86	0.26	0.4	-0.02	0.76	0.72	-0.74	0.83	0.83	0.6	-0.22	0.49	0.55
Cash	0.66	0.88	0.72	0.47	0.89	-0.82	0.39		-0.21	-0.1	0.7	-0.53	0.93	0.47	0.71	0.92	0.0	0.21	0.72	-0.76	0.53	0.62	0.5	-0.74	0.83	0.78
Other Assets	-0.32	-0.24	-0.3	-0.61	-0.19	0.27	-0.25	-0.21		-0.76	-0.27	-0.17	-0.21	-0.32	0.47	-0.23	0.95	-0.23	-0.28	0.22	-0.32	-0.29	-0.21	0.11	-0.2	-0.24
Long Term Debt	-0.18	-0.03	-0.19	0.04	-0.06	0.02	-0.02	-0.1	-0.76		-0.12	0.61	-0.12	-0.13	-0.49	-0.12	-0.82	-0.15	-0.09	0.1	-0.18	-0.06	-0.19	-0.01	0.04	-0.09
Net Receivables	0.76	0.87	0.75	0.6	0.46	-0.68	0.64	0.7	-0.27	-0.12		-0.58	0.79	0.7	0.53	0.64	-0.02	0.78	0.68	-0.69	0.76	0.82	0.89	-0.57	0.58	0.75
Other Current Assets	-0.84	-0.61	-0.8	-0.61	-0.26	0.72	-0.66	-0.53	-0.17	0.61	-0.58		-0.62	-0.83	-0.54	-0.59	-0.42	-0.61	-0.77	0.8	-0.85	-0.76	-0.56	0.26	-0.53	-0.61
Other Stockholder Equity	0.8	0.88	0.84	0.53	0.8	-0.89	0.55	0.93	-0.21	-0.12	0.79	-0.62		0.62	0.66	0.96	0.04	0.43	0.83	-0.86	0.68	0.8	0.71	-0.66	0.87	0.94
Total Liab	0.93	0.69	0.85	0.82	0.14	-0.79	0.86	0.47	-0.32	-0.13	0.7	-0.83	0.62		0.23	0.54	-0.04	0.83	0.83	-0.86	0.99	0.93	0.66	-0.28	0.54	0.65
Short Long Term Debt	0.34	0.71	0.37	-0.05	0.55	-0.55	0.26	0.71	0.47	-0.49	0.53	-0.54	0.66	0.23		0.57	0.64	0.13	0.43	-0.54	0.26	0.42	0.33	-0.64	0.59	0.5
Total Current Assets	0.76	0.76	0.83	0.53	0.88	-0.86	0.4	0.92	-0.23	-0.12	0.64	-0.59	0.96	0.54	0.57		-0.01	0.26	0.81	-0.82	0.61	0.69	0.6	-0.6	0.86	0.91
Short Term Debt	-0.06	0.02	-0.06	-0.43	-0.07	0.01	-0.02	0.0	0.95	-0.82	-0.02	-0.42	0.04	-0.04	0.64	-0.01		0.0	-0.04	-0.06	-0.05	0.01	0.0	-0.07	-0.01	0.0
Intangible Assets	0.71	0.54	0.62	0.62	-0.09	-0.45	0.76	0.21	-0.23	-0.15	0.78	-0.61	0.43	0.83	0.13	0.26	0.0		0.53	-0.54	0.83	0.8	0.79	-0.24	0.21	0.49
Common Stock	0.95	0.76	0.96	0.77	0.5	-0.94	0.72	0.72	-0.28	-0.09	0.68	-0.77	0.83	0.83	0.43	0.81	-0.04	0.53		-0.96	0.87	0.88	0.69	-0.28	0.89	0.9
Property Plant Equipment	-0.92	-0.83	-0.91	-0.69	-0.5	0.98	-0.74	-0.76	0.22	0.1	-0.69	0.8	-0.86	-0.86	-0.54	-0.82	-0.06	-0.54	-0.96		-0.87	-0.92	-0.62	0.46	-0.87	-0.86
Non Current Assets Total	0.97	0.71	0.91	0.87	0.23	-0.8	0.83	0.53	-0.32	-0.18	0.76	-0.85	0.68	0.99	0.26	0.61	-0.05	0.83	0.87	-0.87		0.93	0.75	-0.28	0.59	0.73
Non Currrent Assets Other	0.92	0.83	0.87	0.7	0.32	-0.89	0.83	0.62	-0.29	-0.06	0.82	-0.76	0.8	0.93	0.42	0.69	0.01	0.8	0.88	-0.92	0.93		0.78	-0.44	0.71	0.82
Inventory	0.78	0.64	0.79	0.59	0.37	-0.59	0.6	0.5	-0.21	-0.19	0.89	-0.56	0.71	0.66	0.33	0.6	0.0	0.79	0.69	-0.62	0.75	0.78		-0.26	0.55	0.82
Deferred Long Term Liab	-0.3	-0.72	-0.29	-0.11	-0.62	0.49	-0.22	-0.74	0.11	-0.01	-0.57	0.26	-0.66	-0.28	-0.64	-0.6	-0.07	-0.24	-0.28	0.46	-0.28	-0.44	-0.26		-0.41	-0.44
Common Stock Shares Outstanding	0.74	0.77	0.8	0.51	0.71	-0.9	0.49	0.83	-0.2	0.04	0.58	-0.53	0.87	0.54	0.59	0.86	-0.01	0.21	0.89	-0.87	0.59	0.71	0.55	-0.41		0.89
Net Invested Capital	0.85	0.75	0.91	0.6	0.69	-0.86	0.55	0.78	-0.24	-0.09	0.75	-0.61	0.94	0.65	0.5	0.91	0.0	0.49	0.9	-0.86	0.73	0.82	0.82	-0.44	0.89

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Devonian Health Account Relationship Matchups

Devonian Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.7M	14.6M	21.6M	19.2M	22.1M	15.6M
Total Current Liabilities	2.6M	1.8M	1.0M	4.9M	5.6M	5.9M
Total Stockholder Equity	9.4M	7.5M	16.3M	14.2M	16.4M	9.7M
Net Tangible Assets	(1.5M)	(2.3M)	(3.4M)	6.0M	6.9M	7.2M
Retained Earnings	(14.0M)	(17.4M)	(20.8M)	(25.4M)	(22.9M)	(21.7M)
Accounts Payable	1.5M	555.5K	410.4K	753.6K	866.6K	626.7K
Cash	913.0K	344.8K	2.8M	5.1M	5.8M	6.1M
Long Term Debt	4.4M	4.7M	5.3M	4.3M	4.9M	4.3M
Net Receivables	282.6K	175.9K	220.0K	663.6K	763.2K	801.3K
Other Stockholder Equity	2.3M	2.8M	1.3M	5.9M	6.7M	7.1M
Total Liab	7.3M	7.1M	5.3M	4.9M	5.7M	5.9M
Total Current Assets	1.7M	664.2K	8.4M	6.3M	7.3M	7.7M
Intangible Assets	7.0M	6.2M	5.6M	5.5M	6.3M	6.7M
Common Stock	16.8M	19.0M	20.2M	27.6M	31.7M	16.1M
Property Plant Equipment	3.6M	3.3M	3.1M	2.9M	2.6M	3.0M
Non Current Assets Total	15.0M	13.9M	13.2M	12.8M	14.8M	13.0M
Non Current Liabilities Total	4.7M	5.3M	4.3M	72.6K	83.5K	79.3K
Inventory	86.6K	28.2K	154.6K	159.8K	183.8K	126.1K
Common Stock Shares Outstanding	82.5M	93.5M	131.1M	144.5M	166.1M	101.4M
Net Invested Capital	14.0M	12.8M	20.5M	17.8M	20.5M	16.9M
Net Working Capital	(898.4K)	(1.1M)	7.4M	1.5M	1.7M	1.3M
Net Debt	4.2M	3.7M	4.9M	1.5M	1.3M	1.2M
Capital Stock	19.0M	20.2M	27.6M	29.3M	33.7M	23.8M

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