Devonian Total Assets vs Other Stockholder Equity Analysis

GSD Stock

CAD 0.16 0.01 5.88%

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 Total Assets and its Other Stockholder Equity 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.

Total Assets vs Other Stockholder Equity

Total Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Total Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Devonian Health's Total Assets and Other Stockholder Equity is 0.92. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity 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 Total Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Devonian Health Group are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Devonian Health's Total Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Assets

Total assets refers to the total amount of Devonian Health assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Devonian Health Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Stockholder Equity

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 climb to about 6.7 M in 2025, despite the fact that Tax Provision is likely to grow to (355.3 K).

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		0.86	0.89	0.7	0.66	-0.91	0.88	0.87	-0.29	-0.13	0.81	-0.75	0.92	0.96	0.36	0.88	-0.01	0.49	0.86	-0.91	0.83	0.89	0.46	-0.63	0.81	0.84
Total Current Liabilities	0.86		0.59	0.34	0.71	-0.74	0.99	0.97	-0.18	0.0	0.99	-0.43	0.82	0.95	0.42	0.97	0.03	0.18	0.6	-0.68	0.46	0.62	0.13	-0.78	0.75	0.61
Total Stockholder Equity	0.89	0.59		0.84	0.59	-0.88	0.6	0.65	-0.31	-0.2	0.51	-0.8	0.87	0.74	0.33	0.66	-0.06	0.51	0.96	-0.92	0.9	0.88	0.61	-0.28	0.82	0.91
Other Liab	0.7	0.34	0.84		0.31	-0.63	0.38	0.39	-0.61	0.03	0.28	-0.62	0.54	0.55	-0.11	0.38	-0.43	0.56	0.77	-0.69	0.87	0.71	0.49	-0.1	0.51	0.61
Net Tangible Assets	0.66	0.71	0.59	0.31		-0.65	0.63	0.84	-0.2	-0.07	0.7	-0.3	0.82	0.6	0.38	0.83	-0.07	-0.18	0.55	-0.55	0.26	0.36	0.16	-0.56	0.76	0.7
Retained Earnings	-0.91	-0.74	-0.88	-0.63	-0.65		-0.74	-0.79	0.28	0.04	-0.66	0.71	-0.91	-0.82	-0.46	-0.79	0.01	-0.31	-0.94	0.97	-0.77	-0.88	-0.38	0.43	-0.93	-0.85
Accounts Payable	0.88	0.99	0.6	0.38	0.63	-0.74		0.94	-0.19	0.0	0.97	-0.47	0.8	0.97	0.37	0.94	0.03	0.27	0.62	-0.71	0.52	0.67	0.15	-0.77	0.72	0.6
Cash	0.87	0.97	0.65	0.39	0.84	-0.79	0.94		-0.19	-0.05	0.96	-0.47	0.88	0.91	0.46	0.99	0.02	0.08	0.65	-0.72	0.46	0.6	0.14	-0.76	0.81	0.68
Other Assets	-0.29	-0.18	-0.31	-0.61	-0.2	0.28	-0.19	-0.19		-0.75	-0.15	-0.16	-0.22	-0.25	0.64	-0.19	0.95	-0.21	-0.28	0.22	-0.33	-0.3	-0.18	0.11	-0.21	-0.25
Long Term Debt	-0.13	0.0	-0.2	0.03	-0.07	0.04	0.0	-0.05	-0.75		0.0	0.61	-0.13	-0.05	-0.63	-0.04	-0.82	-0.15	-0.1	0.11	-0.18	-0.07	-0.23	-0.02	0.02	-0.12
Net Receivables	0.81	0.99	0.51	0.28	0.7	-0.66	0.97	0.96	-0.15	0.0		-0.36	0.76	0.92	0.37	0.96	0.03	0.13	0.52	-0.6	0.38	0.54	0.07	-0.79	0.69	0.55
Other Current Assets	-0.75	-0.43	-0.8	-0.62	-0.3	0.71	-0.47	-0.47	-0.16	0.61	-0.36		-0.63	-0.62	-0.55	-0.47	-0.41	-0.55	-0.77	0.81	-0.85	-0.77	-0.48	0.24	-0.55	-0.64
Other Stockholder Equity	0.92	0.82	0.87	0.54	0.82	-0.91	0.8	0.88	-0.22	-0.13	0.76	-0.63		0.84	0.48	0.89	0.04	0.31	0.85	-0.87	0.68	0.81	0.5	-0.6	0.89	0.93
Total Liab	0.96	0.95	0.74	0.55	0.6	-0.82	0.97	0.91	-0.25	-0.05	0.92	-0.62	0.84		0.34	0.92	0.01	0.41	0.74	-0.82	0.7	0.8	0.28	-0.73	0.75	0.69
Short Long Term Debt	0.36	0.42	0.33	-0.11	0.38	-0.46	0.37	0.46	0.64	-0.63	0.37	-0.55	0.48	0.34		0.41	0.76	-0.03	0.39	-0.44	0.19	0.31	0.14	-0.24	0.51	0.38
Total Current Assets	0.88	0.97	0.66	0.38	0.83	-0.79	0.94	0.99	-0.19	-0.04	0.96	-0.47	0.89	0.92	0.41		0.02	0.11	0.66	-0.73	0.47	0.62	0.16	-0.76	0.81	0.72
Short Term Debt	-0.01	0.03	-0.06	-0.43	-0.07	0.01	0.03	0.02	0.95	-0.82	0.03	-0.41	0.04	0.01	0.76	0.02		0.0	-0.04	-0.05	-0.05	0.0	0.01	-0.07	-0.01	0.0
Intangible Assets	0.49	0.18	0.51	0.56	-0.18	-0.31	0.27	0.08	-0.21	-0.15	0.13	-0.55	0.31	0.41	-0.03	0.11	0.0		0.41	-0.43	0.78	0.72	0.8	-0.2	0.08	0.42
Common Stock	0.86	0.6	0.96	0.77	0.55	-0.94	0.62	0.65	-0.28	-0.1	0.52	-0.77	0.85	0.74	0.39	0.66	-0.04	0.41		-0.97	0.86	0.88	0.47	-0.24	0.9	0.88
Property Plant Equipment	-0.91	-0.68	-0.92	-0.69	-0.55	0.97	-0.71	-0.72	0.22	0.11	-0.6	0.81	-0.87	-0.82	-0.44	-0.73	-0.05	-0.43	-0.97		-0.86	-0.92	-0.43	0.41	-0.88	-0.86
Non Current Assets Total	0.83	0.46	0.9	0.87	0.26	-0.77	0.52	0.46	-0.33	-0.18	0.38	-0.85	0.68	0.7	0.19	0.47	-0.05	0.78	0.86	-0.86		0.93	0.67	-0.26	0.58	0.74
Non Currrent Assets Other	0.89	0.62	0.88	0.71	0.36	-0.88	0.67	0.6	-0.3	-0.07	0.54	-0.77	0.81	0.8	0.31	0.62	0.0	0.72	0.88	-0.92	0.93		0.66	-0.41	0.72	0.84
Inventory	0.46	0.13	0.61	0.49	0.16	-0.38	0.15	0.14	-0.18	-0.23	0.07	-0.48	0.5	0.28	0.14	0.16	0.01	0.8	0.47	-0.43	0.67	0.66		-0.1	0.25	0.66
Deferred Long Term Liab	-0.63	-0.78	-0.28	-0.1	-0.56	0.43	-0.77	-0.76	0.11	-0.02	-0.79	0.24	-0.6	-0.73	-0.24	-0.76	-0.07	-0.2	-0.24	0.41	-0.26	-0.41	-0.1		-0.38	-0.4
Common Stock Shares Outstanding	0.81	0.75	0.82	0.51	0.76	-0.93	0.72	0.81	-0.21	0.02	0.69	-0.55	0.89	0.75	0.51	0.81	-0.01	0.08	0.9	-0.88	0.58	0.72	0.25	-0.38		0.85
Net Invested Capital	0.84	0.61	0.91	0.61	0.7	-0.85	0.6	0.68	-0.25	-0.12	0.55	-0.64	0.93	0.69	0.38	0.72	0.0	0.42	0.88	-0.86	0.74	0.84	0.66	-0.4	0.85

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Devonian Health Account Relationship Matchups

Devonian Health fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	14.6M	21.6M	19.2M	30.7M	35.3M	37.1M
Total Current Liabilities	1.8M	1.0M	4.9M	16.1M	18.6M	19.5M
Total Stockholder Equity	7.5M	16.3M	14.2M	14.5M	16.6M	10.2M
Net Tangible Assets	(1.5M)	(2.3M)	(3.4M)	6.0M	6.9M	7.2M
Retained Earnings	(17.4M)	(20.8M)	(25.4M)	(26.7M)	(24.0M)	(22.8M)
Accounts Payable	555.5K	410.4K	753.6K	3.7M	4.3M	4.5M
Cash	344.8K	2.8M	5.1M	9.9M	11.3M	11.9M
Long Term Debt	4.4M	4.7M	5.3M	4.3M	4.9M	4.3M
Net Receivables	175.9K	220.0K	663.6K	7.7M	8.8M	9.3M
Other Stockholder Equity	2.3M	2.8M	1.3M	5.9M	6.7M	7.1M
Total Liab	7.1M	5.3M	4.9M	16.3M	18.7M	19.6M
Total Current Assets	664.2K	8.4M	6.3M	18.5M	21.2M	22.3M
Intangible Assets	6.2M	5.6M	5.5M	5.1M	5.9M	6.6M
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	13.9M	13.2M	12.8M	12.3M	14.1M	13.0M
Non Current Liabilities Total	5.3M	4.3M	72.6K	125.7K	144.6K	137.4K
Inventory	28.2K	154.6K	159.8K	60.9K	70.0K	119.5K
Common Stock Shares Outstanding	93.5M	131.1M	144.5M	148.2M	170.5M	109.1M
Net Invested Capital	12.8M	20.5M	17.8M	16.5M	19.0M	17.1M
Net Working Capital	(1.1M)	7.4M	1.5M	2.3M	2.7M	1.5M
Net Debt	4.2M	3.7M	4.9M	1.5M	1.3M	1.2M
Capital Stock	20.2M	27.6M	29.3M	29.8M	34.3M	25.1M
Property Plant And Equipment Net	3.1M	2.9M	2.7M	2.5M	2.2M	2.3M
Capital Lease Obligations	17.2K	21.8K	94.2K	170.4K	196.0K	205.8K
Property Plant And Equipment Gross	4.8M	4.8M	4.9M	5.0M	5.8M	5.3M

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