Devonian Total Liab vs Net Tangible Assets Analysis

GSD Stock

CAD 0.24 0.04 20.00%

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 Liab and its Net Tangible 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.

Total Liab vs Net Tangible Assets

Total Liab vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devonian Health Group Total Liab account and Net Tangible Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Devonian Health's Total Liab and Net Tangible Assets is 0.14. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Tangible 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 Total Liab and Net Tangible 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 Total Liab of Devonian Health Group are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Liab i.e., Devonian Health's Total Liab and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

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Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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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